EX-10.1 3 qs16supp.txt SERIES SUPPLEMENT EXECUTION COPY RESIDENTIAL ACCREDIT LOANS, INC., Company, RESIDENTIAL FUNDING CORPORATION, Master Servicer, and DEUTSCHE BANK TRUST COMPANY AMERICAS, Trustee SERIES SUPPLEMENT, DATED AS OF AUGUST 1, 2003, TO STANDARD TERMS OF POOLING AND SERVICING AGREEMENT dated as of March 1, 2003 Mortgage Asset-Backed Pass-Through Certificates Series 2003-QS16
TABLE OF CONTENTS Page Article I DEFINITIONS..................................................................4 Section 1.01. Definitions...........................................................4 Section 1.02. Use of Words and Phrases.............................................15 Article II CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES................................................................17 Section 2.01. Conveyance of Mortgage Loans. (See Section 2.01 of the Standard Terms)17 Section 2.02. Acceptance by Trustee. (See Section 2.02 of the Standard Terms).....17 Section 2.03. Representations, Warranties and Covenants of the Master Servicer and the Company......................................17 Section 2.04. Representations and Warranties of Sellers. ..........................20 Section 2.05. Execution and Authentication of Certificates/Issuance of Certificates.........................................................20 Section 2.06. [Reserved]...........................................................20 Section 2.07. [Reserved]...........................................................20 Section 2.08. Purposes and Powers of the Trust (See Section 2.08 of the Standard Terms)......................................................20 Article III ADMINISTRATION AND SERVICING OF MORTGAGE LOANS..............................21 Section 3.01. Master Servicer to Act as Servicer. (See Section 3.01 of the Standard Terms)...............................................................21 Section 3.02. Subservicing Agreements Between Master Servicer and Subservicers; Enforcement of Subservicers' and Sellers' Obligations. (See Section 3.02 of the Standard Terms)..................................21 Section 3.03. Successor Subservicers. (See Section 3.03 of the Standard Terms).....21 Section 3.04. Liability of the Master Servicer. (See Section 3.04 of the Standard Terms)...............................................................21 Section 3.05. No Contractual Relationship Between Subservicer and Trustee or Certificateholders. (See Section 3.05 of the Standard Terms).........21 Section 3.06. Assumption or Termination of Subservicing Agreements by Trustee. (See Section 3.06 of the Standard Terms).............................21 Page Section 3.07. Collection of Certain Mortgage Loan Payments; Deposits to Custodial Account................................................... 21 Section 3.08. Subservicing Accounts; Servicing Accounts. (See Section 3.08 of the Standard Terms)..................................................22 Section 3.09. Access to Certain Documentation and Information Regarding the Mortgage Loans. (See Section 3.09 of the Standard Terms)......................22 Section 3.10. Permitted Withdrawals from the Custodial Account. (See Section 3.10 of the Standard Terms)..........................................22 Section 3.11. Maintenance of the Primary Insurance Policies; Collections Thereunder. (See Section 3.11 of the Standard Terms).................22 Section 3.12. Maintenance of Fire Insurance and Omissions and Fidelity Coverage. (See Section 3.12 of the Standard Terms)...................22 Section 3.13. Enforcement of Due-on-Sale Clauses; Assumption and Modification Agreements; Certain Assignments. (See Section 3.13 of the Standard Terms)...............................................................23 Section 3.14. Realization Upon Defaulted Mortgage Loans. (See Section 3.14 of the Standard Terms)..................................................... 23 Section 3.15. Trustee to Cooperate; Release of Mortgage Files. (See Section 3.15 of the Standard Terms)..............................................23 Section 3.16. Servicing and Other Compensation; Compensating Interest. (See Section 3.16 of the Standard Terms).............................23 Section 3.17. Reports to the Trustee and the Company. (See Section 3.17 of the Standard Terms)......................................................23 Section 3.18. Annual Statement as to Compliance. (See Section 3.18 of the Standard Terms)...............................................................23 Section 3.19. Annual Independent Public Accountants' Servicing Report. (See Section 3.19 of the Standard Terms).............................23 Section 3.20. Rights of the Company in Respect of the Master Servicer. (See Section 3.20 of the Standard Terms).............................23 Section 3.21. Administration of Buydown Funds (See Section 3.21 of the Standard Terms) 23 Article IV PAYMENTS TO CERTIFICATEHOLDERS..............................................24 Section 4.01. Certificate Account. (See Section 4.01 of the Standard Terms).......24 Section 4.02. Distributions. ......................................................24 Section 4.03. Statements to Certificateholders; Exchange Act Reporting (See Section 4.03 of the Standard Terms)..................................31 Page Section 4.04. Distribution of Reports to the Trustee and the Company; Advances by the Master Servicer (See Section 4.04 of the Standard Terms)......31 Section 4.05. Allocation of Realized Losses. ......................................31 Section 4.06. Reports of Foreclosures and Abandonment of Mortgaged Property. (See Section 4.06 of the Standard Terms).............................33 Section 4.07. Optional Purchase of Defaulted Mortgage Loans. (See Section 4.07 of the Standard Terms)...............................................33 Section 4.08. Surety Bond. (See Section 4.08 of the Standard Terms)................33 Article V THE CERTIFICATES............................................................34 Article VI THE COMPANY AND THE MASTER SERVICER.........................................35 Article VII DEFAULT.....................................................................36 Article VIII CONCERNING THE TRUSTEE......................................................37 Article IX TERMINATION.................................................................38 Section 9.01. Optional Purchase by the Master Servicer of All Certificates; Termination Upon Purchase by the Master Servicer or Liquidation of All Mortgage Loans. .....................................................38 Section 9.02. Additional Termination Requirements. (See Section 9.02 of the Standard Terms)...............................................................39 Section 9.03. Termination of Multiple REMICs. (See Section 9.03 of the Standard Terms) 39 Article X REMIC PROVISIONS............................................................40 Section 10.01. REMIC Administration. (See Section 10.01 of the Standard Terms).....40 Section 10.02. Master Servicer; REMIC Administrator and Trustee Indemnification. (See Section 10.02 of the Standard Terms)............................40 Section 10.03. Designation of REMIC.................................................40 Section 10.04. [Reserved]...........................................................40 Section 10.05. Compliance with Withholding Requirements.............................42 Page Article XI MISCELLANEOUS PROVISIONS....................................................43 Section 11.01. Amendment. (See Section 11.01 of the Standard Terms)................43 Section 11.02. Recordation of Agreement; Counterparts. (See Section 11.02 of the Standard Terms)......................................................43 Section 11.03. Limitation on Rights of Certificateholders. (See Section 11.03 of the Standard Terms)......................................................43 Section 11.04. Governing Laws. (See Section 11.04 of the Standard Terms)...........43 Section 11.05. Notices..............................................................43 Section 11.06. Required Notices to Rating Agency and Subservicer. (See Section 11.06 of the Standard Terms).........................................44 Section 11.07. Severability of Provisions. (See Section 11.07 of the Standard Terms)44 Section 11.08. Supplemental Provisions for Resecuritization. (See Section 11.08 of the Standard Terms)...............................................44 Section 11.09. Allocation of Voting Rights..........................................44 Section 11.10. No Petition..........................................................44 EXHIBITS Exhibit One: Mortgage Loan Schedule Exhibit Two: Schedule of Discount Fractions Exhibit Three: Information to be Included in Monthly Distribution Date Statement Exhibit Four: Standard Terms of Pooling and Servicing Agreement Dated as of March 1, 2003
This is a Series Supplement, dated as of August 1, 2003 (the "Series Supplement"), to the Standard Terms of Pooling and Servicing Agreement, dated as of March 1, 2003 and attached as Exhibit Four hereto (the "Standard Terms" and, together with this Series Supplement, the "Pooling and Servicing Agreement" or "Agreement"), among RESIDENTIAL ACCREDIT LOANS, INC., as the company (together with its permitted successors and assigns, the "Company"), RESIDENTIAL FUNDING CORPORATION, as master servicer (together with its permitted successors and assigns, the "Master Servicer"), and DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee (together with its permitted successors and assigns, the "Trustee"). PRELIMINARY STATEMENT: The Company intends to sell mortgage asset-backed pass-through certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans. As provided herein, the REMIC Administrator will make an election to treat the entire segregated pool of assets described in the definition of Trust Fund, and subject to this Agreement (including the Mortgage Loans), as a real estate mortgage investment conduit (a "REMIC") for federal income tax purposes. The terms and provisions of the Standard Terms are hereby incorporated by reference herein as though set forth in full herein. If any term or provision contained herein shall conflict with or be inconsistent with any provision contained in the Standard Terms, the terms and provisions of this Series Supplement shall govern. All capitalized terms not otherwise defined herein shall have the meanings set forth in the Standard Terms. The Pooling and Servicing Agreement shall be dated as of the date of this Series Supplement. 1 The following table sets forth the designation, type, Pass-Through Rate, aggregate Initial Certificate Principal Balance, Maturity Date, initial ratings and certain features for each Class of Certificates comprising the interests in the Trust Fund created hereunder.
AGGREGATE INITIAL CERTIFICATE ----------- PASS-THROUGH PRINCIPAL MATURITY FITCH/ MINIMUM DESIGNATION RATE BALANCE FEATURES1 DATE MOODY'S DENOMINATIONS2 Class A-1 5.00% Senior/Fixed Rate August 25, $175,232,000.00 2018 AAA/Aaa $25,000.00 Class A-P 0.00% Senior/Principal August 25, $25,000.00 $3,747,525.28 Only 2018 AAA/Aaa Class A-V Variable $0.00 Senior/Interest August 25, 4 Rate3 Only/Variable Rate 2018 AAA/Aaa Class R 5.00% $100.00 Senior/Residual/Fixed August 25, 5 Rate 2018 AAA/Aaa Class M-1 5.00% Mezzanine/ Fixed August 25, $25,000.00 $3,124,200.00 Rate 2018 AA/NA Class M-2 5.00% Mezzanine/ Fixed August 25, $250,000.00 $367,500.00 Rate 2018 A/NA Class M-3 5.00% Mezzanine/ Fixed August 25, $250,000.00 $551,300.00 Rate 2018 BBB/NA Class B-1 5.00% Subordinate/ Fixed August 25, $250,000.00 $275,600.00 Rate 2018 BB/NA Class B-2 5.00% Subordinate/ Fixed August 25, $183,800.00 $183,800.00 Rate 2018 B/NA Class B-3 5.00% Subordinate/ Fixed August 25, $250,000.00 $275,662.78 Rate 2018 NA/NA
________ 1 The Certificates, other than the Class A-P, Class A-V, Class B and Class R Certificates shall be Book-Entry Certificates. The Class A-P, Class A-V, Class B and Class R Certificates shall be delivered to the holders thereof in physical form. 2 The Certificates, other than the Class A-V and Class R Certificates, shall be issuable in minimum dollar denominations as indicated above (by Certificate Principal Balance or Notional Amount, as applicable) and integral multiples of $1 (or $1,000 in the case of the Class A-P, Class B-1, Class B-2 and Class B-3 Certificates) in excess thereof, except that one Certificate of any of the Class A-P and Class B-1, Class B-2 and Class B-3 Certificates that contain an uneven multiple of $1,000 shall be issued in a denomination equal to the sum of the related minimum denomination set forth above and such uneven multiple for such Class or the sum of such denomination and an integral multiple of $1,000. 3 The initial Pass-Through Rate on the Class A-V Certificates is 0.1705%. 4 The Class A-V Certificates shall be issuable in minimum denominations of not less than a 20% Percentage Interest. 5 The Class R Certificates shall be issuable in minimum denominations of not less than a 20% Percentage Interest; provided, however, that one Class R Certificate will be issuable to Residential Funding as "tax matters person" pursuant to Section 10.01(c) and (e) in a minimum denomination representing a Percentage Interest of not less than 0.01%. The Mortgage Loans have an aggregate principal balance as of the Cut-off Date of $183,757,688.06. 2 In consideration of the mutual agreements herein contained, the Company, the Master Servicer and the Trustee agree as follows: 3 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 meanings specified in this Article. Bankruptcy Amount: As of any date of determination prior to the first anniversary of the Cut-off Date, an amount equal to the excess, if any, of (A) $150,000 over (B) the aggregate amount of Bankruptcy Losses allocated solely to one or more specific Classes of Certificates in accordance with Section 4.05 of this Series Supplement. As of any date of determination on or after the first anniversary of the Cut-off Date, an amount equal to the excess, if any, of (1) the lesser of (a) the Bankruptcy Amount calculated as of the close of business on the Business Day immediately preceding the most recent anniversary of the Cut-off Date coinciding with or preceding such date of determination (or, if such date of determination is an anniversary of the Cut-off Date, the Business Day immediately preceding such date of determination) (for purposes of this definition, the "Relevant Anniversary") and (b) the greater of (A) (i) if the aggregate principal balance of the Non-Primary Residence Loans as of the Relevant Anniversary is less than 10% of the Stated Principal Balance of the Mortgage Loans as of the Relevant Anniversary, $0.00, or (ii) if the aggregate principal balance of the Non-Primary Residence Loans as of the Relevant Anniversary is equal to or greater than 10% of the Stated Principal Balance of the Mortgage Loans as of the Relevant Anniversary, the sum of (I) the aggregate principal balance of the Non-Primary Residence Loans with a Loan-to-Value Ratio of greater than 80.00% but less than or equal to 90.00% (other than Additional Collateral Loans), times 0.25%, (II) the aggregate principal balance of the Non-Primary Residence Loans with a Loan-to-Value Ratio of greater than 90.00% but less than or equal to 95.00% (other than Additional Collateral Loans), times 0.50%, and (III) the aggregate principal balance of the Non-Primary Residence Loans with a Loan-to-Value Ratio of greater than 95.00% (other than Additional Collateral Loans) times 0.75%, in each case as of the Relevant Anniversary; and (B) the greater of (i) the product of (x) an amount equal to the largest difference in the related Monthly Payment for any Non-Primary Residence Loan remaining in the Mortgage Pool (other than Additional Collateral Loans) which had an original Loan-to-Value Ratio of 80% or greater that would result if the Net Mortgage Rate thereof was equal to the weighted average (based on the principal balance of the Mortgage Loans as of the Relevant Anniversary) of the Net Mortgage Rates of all Mortgage Loans as of the Relevant Anniversary less 1.25% per annum, (y) a number equal to the weighted average remaining term to maturity, in months, of all Non-Primary Residence Loans remaining in the 4 Mortgage Pool as of the Relevant Anniversary, and (z) one plus the quotient of the number of all Non-Primary Residence Loans remaining in the Mortgage Pool divided by the total number of Outstanding Mortgage Loans in the Mortgage Pool as of the Relevant Anniversary, and (ii) $50,000, over (2) the aggregate amount of Bankruptcy Losses allocated solely to one or more specific Classes of Certificates in accordance with Section 4.05 since the Relevant Anniversary. The Bankruptcy Amount may be further reduced by the Master Servicer (including accelerating the manner in which such coverage is reduced) provided that prior to any such reduction, the Master Servicer shall (i) obtain written confirmation from each Rating Agency that such reduction shall not reduce the rating assigned to any Class of Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency and (ii) provide a copy of such written confirmation to the Trustee. Certificate: Any Class A, Class M, Class B or Class R Certificate. Certificate Account: The separate account or accounts created and maintained pursuant to Section 4.01 of the Standard Terms, which shall be entitled "Deutsche Bank Trust Company Americas, as trustee, in trust for the registered holders of Residential Accredit Loans, Inc., Mortgage Asset-Backed Pass-Through Certificates, Series 2003-QS16" and which must be an Eligible Account. Certificate Policy: None. Class A Certificate: Any one of the Class A-1, Class A-V or Class A-P Certificates, executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed to the Standard Terms as Exhibit A. Class A-P Principal Distribution Amount: With respect to any Distribution Date, an amount equal to the aggregate of: (A) the related Discount Fraction of the principal portion of each Monthly Payment on each Discount Mortgage Loan due during the related Due Period, whether or not received on or prior to the related Determination Date, minus the Discount Fraction of the principal portion of any related Debt Service Reduction which together with other Bankruptcy Losses exceeds the Bankruptcy Amount; (B) the related Discount Fraction of the principal portion of all unscheduled collections on each Discount Mortgage Loan received during the preceding calendar month or, in the case of Principal Prepayments in Full, during the related Prepayment Period (other than amounts received in connection with a Cash Liquidation or REO Disposition of a Discount Mortgage Loan described in clause (C) below), including Principal Prepayments in Full, Curtailments, Subsequent Recoveries and repurchases (including deemed repurchases under Section 3.07(b)) of Discount 5 Mortgage Loans (or, in the case of a substitution of a Deleted Mortgage Loan, the Discount Fraction of the amount of any shortfall deposited in the Custodial Account in connection with such substitution); (C) in connection with the Cash Liquidation or REO Disposition of a Discount Mortgage Loan that occurred during the preceding calendar month (or was deemed to have occurred during such period in accordance with Section 3.07(b)) that did not result in any Excess Special Hazard Losses, Excess Fraud Losses, Excess Bankruptcy Losses or Extraordinary Losses, an amount equal to the lesser of (1) the applicable Discount Fraction of the Stated Principal Balance of such Discount Mortgage Loan immediately prior to such Distribution Date and (2) the aggregate amount of the collections on such Mortgage Loan to the extent applied as recoveries of principal; (D) any amounts allocable to principal for any previous Distribution Date (calculated pursuant to clauses (A) through (C) above) that remain undistributed; and (E) the amount of any Class A-P Collection Shortfalls for such Distribution Date and the amount of any Class A-P Collection Shortfalls remaining unpaid for all previous Distribution Dates, but only to the extent of the Eligible Funds for such Distribution Date; minus (F) the related Discount Fraction of the portion of the Capitalization Reimbursement Amount for such Distribution Date, if any, related to each Discount Mortgage Loan Notwithstanding the foregoing, with respect to any Distribution Date on and after the Credit Support Depletion Date, the Class A-P Principal Distribution Amount shall equal the excess of (i) the sum of (a) the related Discount Fraction of the principal portion of each Monthly Payment on each Discount Mortgage Loan received or advanced prior to the related Determination Date and not previously distributed minus the Discount Fraction of the principal portion of any related Debt Service Reduction which together with other Bankruptcy Losses exceeds the Bankruptcy Amount and (b) the aggregate amount calculated pursuant to clauses (B) and (C) above over (ii) the amount calculated pursuant to clause (F). Class R Certificate: Any one of the Class R Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed to the Standard Terms as Exhibit D and evidencing an interest designated as a "residual interest" in the REMIC for purposes of the REMIC Provisions. Closing Date: August 28, 2003. Corporate Trust Office: The principal office of the Trustee at which at any particular time its corporate trust business with respect to this Agreement shall be administered, which office at the date of the execution of this instrument is located at 1761 East St. Andrew Place, Santa Ana, California 92705-4934, Attention: Residential Funding Corporation Series 2003-QS16. Cut-off Date: August 1, 2003. 6 Determination Date: With respect to any Distribution Date, the second Business Day prior to each Distribution Date. Discount Net Mortgage Rate: 5.00% per annum. Due Period: With respect to each Distribution Date, the calendar month in which such Distribution Date occurs. Eligible Funds: On any Distribution Date, the portion, if any, of the Available Distribution Amount remaining after reduction by the sum of (i) the aggregate amount of Accrued Certificate Interest on the Senior Certificates, (ii) the Senior Principal Distribution Amount (determined without regard to Section 4.02(a)(ii)(Y)(D) hereof), (iii) the Class A-P Principal Distribution Amount (determined without regard to clause (E) of the definition of Class A-P Principal Distribution Amount) and (iv) the aggregate amount of Accrued Certificate Interest on the Class M, Class B-1 and Class B-2 Certificates. Fraud Loss Amount: As of any date of determination after the Cut-off Date, an amount equal to: (X) prior to the first anniversary of the Cut-off Date an amount equal to 2.25% of the aggregate outstanding principal balance of all of the Mortgage Loans as of the Cut-off Date minus the aggregate amount of Fraud Losses allocated solely to one or more specific Classes of Certificates in accordance with Section 4.05 of this Series Supplement since the Cut-off Date up to such date of determination, (Y) from the first to, but not including, the second 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) 1.50% of the aggregate outstanding principal balance of all of the Mortgage Loans as of the most recent anniversary of the Cut-off Date minus (2) the aggregate amount of Fraud Losses allocated solely to one or more specific Classes of Certificates in accordance with Section 4.05 since the most recent anniversary of the Cut-off Date up to such date of determination, and (Z) from the second to, but not including, 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) 1.00% of the aggregate outstanding principal balance of all of the Mortgage Loans as of the most recent anniversary of the Cut-off Date minus (2) the aggregate amount of Fraud Losses allocated solely to one or more specific Classes of Certificates in accordance with Section 4.05 since the most recent anniversary of the Cut-off Date up to such date of determination. On and after the fifth anniversary of the Cut-off Date, the Fraud Loss Amount shall be zero. The Fraud Loss Amount may be further reduced by the Master Servicer (including accelerating the manner in which such coverage is reduced) provided that prior to any such reduction, the Master Servicer shall (i) obtain written confirmation from each Rating Agency that such reduction shall not reduce the rating assigned to any Class of Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency and (ii) provide a copy of such written confirmation to the Trustee. Fraud Losses: Realized Losses on Mortgage Loans as to which there was fraud in the origination of such Mortgage Loan. 7 Initial Monthly Payment Fund: $76,124, representing scheduled principal amortization and interest at the Net Mortgage Rate payable during the September 2003 Due Period, for those Mortgage Loans for which the Trustee will not be entitled to receive such payment. Initial Notional Amount: With respect to the Class A-V Certificates or Subclass thereof issued pursuant to Section 5.01(c), the aggregate Cut-off Date Principal Balance of the Mortgage Loans corresponding to the Uncertificated Class A-V REMIC Regular Interests represented by such Class or Subclass on such date. Initial Subordinate Class Percentage: With respect to each Class of Subordinate Certificates, an amount which is equal to the initial aggregate Certificate Principal Balance of such Class of Subordinate Certificates divided by the aggregate Stated Principal Balance of all the Mortgage Loans as of the Cut-off Date as follows: Class M-1: 1.70% Class B-1: 0.15% Class M-2: 0.20% Class B-2: 0.10% Class M-3: 0.30% Class B-3: 0.15% Interest Accrual Period: With respect to any Class of Certificates and any Distribution Date, the calendar month preceding the month in which such Distribution Date occurs. Interest Only Certificates: Any one of the Class A-V Certificates. The Interest Only Certificates will have no Certificate Principal Balance. Maturity Date: August 25, 2018, the Distribution Date immediately following the latest scheduled maturity date of any Mortgage Loan. Mortgage Loan Schedule: The list or lists of the Mortgage Loans attached hereto as Exhibit One (as amended from time to time to reflect the addition of Qualified Substitute Mortgage Loans), which list or lists shall set forth the following information as to each Mortgage Loan: (i) the Mortgage Loan identifying number ("RFC LOAN #"); (ii) the maturity of the Mortgage Note ("MATURITY DATE"); (iii) the Mortgage Rate ("ORIG RATE"); (iv) the Subservicer pass-through rate ("CURR NET"); (v) the Net Mortgage Rate ("NET MTG RT"); (vi) the Pool Strip Rate ("STRIP"); (vii) the initial scheduled monthly payment of principal, if any, and interest ("ORIGINAL P & I"); (viii) the Cut-off Date Principal Balance ("PRINCIPAL BAL"); 8 (ix) the Loan-to-Value Ratio at origination ("LTV"); (x) the rate at which the Subservicing Fee accrues ("SUBSERV FEE") and at which the Servicing Fee accrues ("MSTR SERV FEE"); (xi) a code "T," "BT" or "CT" under the column "LN FEATURE," indicating that the Mortgage Loan is secured by a second or vacation residence; and (xii) a code "N" under the column "OCCP CODE," indicating that the Mortgage Loan is secured by a non-owner occupied residence. Such schedule may consist of multiple reports that collectively set forth all of the information required. Notional Amount: As of any Distribution Date, with respect to any Class A-V Certificates or Subclass thereof issued pursuant to Section 5.01(c), the aggregate Stated Principal Balance of the Mortgage Loans corresponding to the Uncertificated Class A-V REMIC Regular Interests represented by such Class or Subclass immediately prior to such date. Pass-Through Rate: With respect to the Senior Certificates (other than the Class A-V Certificates and Class A-P Certificates), Class M Certificates and Class B Certificates and any Distribution Date, the per annum rates set forth in the Preliminary Statement hereto. With respect to the Class A-V Certificates (other than any Subclass thereof) and any Distribution Date, a rate equal to the weighted average, expressed as a percentage, of the Pool Strip Rates of all Mortgage Loans as of the Due Date in the related Due Period, weighted on the basis of the respective Stated Principal Balances of such Mortgage Loans as of the day immediately preceding such Distribution Date (or, with respect to the initial Distribution Date, at the close of business on the Cut-off Date). With respect to the Class A-V Certificates and the initial Distribution Date the Pass-Through Rate is equal to 0.1705% per annum. With respect to any Subclass of Class A-V Certificates and any Distribution Date, a rate equal to the weighted average, expressed as a percentage, of the Pool Strip Rates of all Mortgage Loans corresponding to the Uncertificated Class A-V REMIC Regular Interests represented by such Subclass as of the Due Date in the related Due Period, weighted on the basis of the respective Stated Principal Balances of such Mortgage Loans as of the day immediately preceding such Distribution Date (or with respect to the initial Distribution Date, at the close of business on the Cut-off Date). The Principal Only Certificates have no Pass-Through Rate and are not entitled to Accrued Certificate Interest. Prepayment Assumption: The prepayment assumption to be used for determining the accrual of original issue discount and premium and market discount on the Certificates for federal income tax purposes, which assumes a constant prepayment rate of 16.0% per annum. Prepayment Distribution Percentage: With respect to any Distribution Date and each Class of Subordinate Certificates, under the applicable circumstances set forth below, the respective percentages set forth below: 9 (i) For any Distribution Date prior to the Distribution Date in September 2008 (unless the Certificate Principal Balances of the Senior Certificates (other than the Class A-P Certificates), have been reduced to zero), 0%. (ii) For any Distribution Date not discussed in clause (i) above on which any Class of Subordinate Certificates are outstanding: (a) in the case of the Class of Subordinate Certificates then outstanding with the Highest Priority and each other Class of Subordinate Certificates for which the related Prepayment Distribution Trigger has been satisfied, a fraction, expressed as a percentage, the numerator of which is the Certificate Principal Balance of such Class immediately prior to such date and the denominator of which is the sum of the Certificate Principal Balances immediately prior to such date of (1) the Class of Subordinate Certificates then outstanding with the Highest Priority and (2) all other Classes of Subordinate Certificates for which the respective Prepayment Distribution Triggers have been satisfied; and (b) in the case of each other Class of Subordinate Certificates for which the Prepayment Distribution Triggers have not been satisfied, 0%; and (iii)Notwithstanding the foregoing, if the application of the foregoing percentages on any Distribution Date as provided in Section 4.02 of this Series Supplement (determined without regard to the proviso to the definition of "Subordinate Principal Distribution Amount") would result in a distribution in respect of principal of any Class or Classes of Subordinate Certificates in an amount greater than the remaining Certificate Principal Balance thereof (any such class, a "Maturing Class"), then: (a) the Prepayment Distribution Percentage of each Maturing Class shall be reduced to a level that, when applied as described above, would exactly reduce the Certificate Principal Balance of such Class to zero; (b) the Prepayment Distribution Percentage of each other Class of Subordinate Certificates (any such Class, a "Non-Maturing Class") shall be recalculated in accordance with the provisions in paragraph (ii) above, as if the Certificate Principal Balance of each Maturing Class had been reduced to zero (such percentage as recalculated, the "Recalculated Percentage"); (c) the total amount of the reductions in the Prepayment Distribution Percentages of the Maturing Class or Classes pursuant to clause (a) of this sentence, expressed as an aggregate percentage, shall be allocated among the Non-Maturing Classes in proportion to their respective Recalculated Percentages (the portion of such aggregate reduction so allocated to any Non-Maturing Class, the "Adjustment Percentage"); and (d) for purposes of such Distribution Date, the Prepayment Distribution Percentage of each Non-Maturing Class shall be equal to the sum of (1) the Prepayment Distribution Percentage thereof, calculated in accordance with the provisions in paragraph (ii) above as if the Certificate Principal Balance of each Maturing Class had not been reduced to zero, plus (2) the related Adjustment Percentage. Principal Only Certificates: Any one of the Class A-P Certificates. 10 Senior Certificate: Any one of the Class A Certificates or Class R Certificates, executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed to the Standard Terms as Exhibit A and Exhibit D. Senior Percentage: As of any Distribution Date, the lesser of 100% and a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of the Senior Certificates (other than the Class A-P Certificates) immediately prior to such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) (other than the related Discount Fraction of each Discount Mortgage Loan) immediately prior to such Distribution Date. Senior Principal Distribution Amount: With respect to any Distribution Date, the lesser of (a) the balance of the Available Distribution Amount remaining after the distribution of all amounts required to be distributed pursuant to Section 4.02(a)(i) and Section 4.02(a)(ii)(X) of this Series Supplement and (b) the sum of the amounts required to be distributed to the Senior Certificateholders on such Distribution Date pursuant to Sections 4.02(a)(ii)(Y), 4.02(a)(xvi) and 4.02(a)(xvii) of this Series Supplement. Special Hazard Amount: As of any Distribution Date, an amount equal to $2,000,000 minus the sum of (i) the aggregate amount of Special Hazard Losses allocated solely to one or more specific Classes of Certificates in accordance with Section 4.05 of this Series Supplement and (ii) the Adjustment Amount (as defined below) as most recently calculated. For each anniversary of the Cut-off Date, the Adjustment Amount shall be equal to the amount, if any, by which the amount calculated in accordance with the preceding sentence (without giving effect to the deduction of the Adjustment Amount for such anniversary) exceeds the greater of (A) the greater of (i) the product of the Special Hazard Percentage for such anniversary multiplied by the outstanding principal balance of all the Mortgage Loans on the Distribution Date immediately preceding such anniversary and (ii) twice the outstanding principal balance of the Mortgage Loan with the largest outstanding principal balance as of the Distribution Date immediately preceding such anniversary and (B) the greater of (i) the product of 0.50% multiplied by the outstanding principal balance of all Mortgage Loans on the Distribution Date immediately preceding such anniversary multiplied by a fraction, the numerator of which is equal to the aggregate outstanding principal balance (as of the immediately preceding Distribution Date) of all of the Mortgage Loans secured by Mortgaged Properties located in the State of California divided by the aggregate outstanding principal balance (as of the immediately preceding Distribution Date) of all of the Mortgage Loans, expressed as a percentage, and the denominator of which is equal to 28.0% (which percentage is equal to the percentage of Mortgage Loans by aggregate principal balance initially secured by Mortgaged Properties located in the State of California) and (ii) the aggregate outstanding principal balance (as of the immediately preceding Distribution Date) of the largest Mortgage Loan secured by a Mortgaged Property (or, with respect to a Cooperative Loan, the related Cooperative Apartment) located in the State of California. The Special Hazard Amount may be further reduced by the Master Servicer (including accelerating the manner in which coverage is reduced) provided that prior to any such reduction, the Master Servicer shall (i) obtain written 11 confirmation from each Rating Agency that such reduction shall not reduce the rating assigned to any Class of Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency and (ii) provide a copy of such written confirmation to the Trustee. Special Hazard Percentage: As of each anniversary of the Cut-off Date, the greater of (i) 1.0% and (ii) the largest percentage obtained by dividing the aggregate outstanding principal balance (as of 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 the outstanding principal balance of all the Mortgage Loans as of the immediately preceding Distribution Date. Subordinate Principal Distribution Amount: With respect to any Distribution Date and each Class of Subordinate Certificates, (a) the sum of (i) the product of (x) the related Subordinate Class Percentage for such Class and (y) the aggregate of the amounts calculated (without giving effect to the related Senior Percentages) for such Distribution Date under clauses (1), (2) and (3) of Section 4.02(a)(ii)(Y)(A); (ii) such Class's pro rata share, based on the Certificate Principal Balance of each Class of Subordinate Certificates then outstanding, of the principal collections described in Section 4.02(a)(ii)(Y)(B)(b) (without giving effect to the Senior Accelerated Distribution Percentage) to the extent such collections are not otherwise distributed to the Senior Certificates; (iii) the product of (x) the related Prepayment Distribution Percentage and (y) the aggregate of all Principal Prepayments in Full received in the related Prepayment Period and Curtailments received in the preceding calendar month (other than the related Discount Fraction of such Principal Prepayments in Full and Curtailments with respect to a Discount Mortgage Loan) to the extent not payable to the Senior Certificates; (iv) if such Class is the Class of Subordinate Certificates with the Highest Priority, any Excess Subordinate Principal Amount for such Distribution Date; and (v) any amounts described in clauses (i), (ii) and (iii) as determined for any previous Distribution Date, that remain undistributed to the extent that such amounts are not attributable to Realized Losses which have been allocated to a Class of Subordinate Certificates minus (b) the sum of (i) with respect to the Class of Subordinate Certificates with the Lowest Priority, any Excess Subordinate Principal Amount for such Distribution Date, and (ii) the Capitalization Reimbursement Amount for such distribution date, other than the related Discount Fraction of any portion of that amount related to each Discount Mortgage Loan, multiplied by a fraction, the numerator of which is the Subordinate Principal Distribution Amount for such Class of Subordinate Certificates, without giving effect to this clause (b)(ii), and the denominator of which is the sum of the principal distribution amounts for all Classes of Certificates other than the Class A-P Certificates, without giving effect to any reductions for the Capitalization Reimbursement Amount. Uncertificated Class A-V REMIC Regular Interests or Uncertificated REMIC Regular Interests: Each of the 1,146 uncertificated partial undivided beneficial ownership interests in the Trust Fund, numbered sequentially from 1 to 1,146, each relating to the particular Mortgage Loan identified by such sequential number on the Mortgage Loan Schedule, each having no principal balance, and each bearing interest at the respective Pool Strip Rate on the Stated Principal Balance of the related Mortgage Loan. Underwriters: Citigroup Global Markets Inc. and UBS Securities LLC. 12 Section 1.02...Use of Words and Phrases. "Herein," "hereby," "hereunder," "hereof," "hereinbefore," "hereinafter" and other equivalent words refer to the Pooling and Servicing Agreement as a whole. All references herein to Articles, Sections or Subsections shall mean the corresponding Articles, Sections and Subsections in the Pooling and Servicing Agreement. The definitions set forth herein include both the singular and the plural. 13 ARTICLE II CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES Section 2.01...Conveyance of Mortgage Loans. (See Section 2.01 of the Standard Terms) Section 2.02. Acceptance by Trustee. (See Section 2.02 of the Standard Terms) Section 2.03. Representations, Warranties and Covenants of the Master Servicer and the Company. (a) For representations, warranties and covenants of the Master Servicer, see Section 2.03(a) of the Standard Terms. (b) The Company hereby represents and warrants to the Trustee for the benefit of Certificateholders that as of the Closing Date (or, if otherwise specified below, as of the date so specified): (i) No Mortgage Loan is 30 or more days Delinquent in payment of principal and interest as of the Cut-off Date and no Mortgage Loan has been so Delinquent more than once in the 12-month period prior to the Cut-off Date; (ii) The information set forth in Exhibit One hereto with respect to each Mortgage Loan or the Mortgage Loans, as the case may be, is true and correct in all material respects at the date or dates respecting which such information is furnished; (iii) The Mortgage Loans are fully-amortizing, fixed-rate mortgage loans with level Monthly Payments due, with respect to a majority of the Mortgage Loans, on the first day of each month, and terms to maturity at origination or modification of not more than 15 years; (iv) To the best of the Company's knowledge, except with respect to two Mortgage Loans representing approximately 0.1% of the principal balance of the Mortgage Loans at origination, if a Mortgage Loan is secured by a Mortgaged Property with a Loan-to-Value Ratio at origination in excess of 80%, such Mortgage Loan is the subject of a Primary Insurance Policy that insures (a) at least 30% of the Stated Principal Balance of the Mortgage Loan at origination if the Loan-to-Value Ratio is between 100.00% and 95.01%, (b) at least 25% of the Stated Principal Balance of the Mortgage Loan at origination if the Loan-to-Value Ratio is between 95.00% and 90.01%, (c) at least 12% of such balance if the Loan-to-Value Ratio is between 90.00% and 85.01% and (d) at least 6% of such balance if the Loan-to-Value Ratio is between 85.00% and 80.01%. To the best of the Company's knowledge, each such Primary Insurance Policy is in full force and effect and the Trustee is entitled to the benefits thereunder; (v) The issuers of the Primary Insurance Policies are insurance companies whose claims-paying abilities are currently acceptable to each Rating Agency; 14 (vi) No more than 0.8% of the Mortgage Loans by aggregate Stated Principal Balance as of the Cut-off Date are secured by Mortgaged Properties located in any one zip code area in California and no more than 0.7% of the Mortgage Loans by aggregate Stated Principal Balance as of the Cut-off Date are secured by Mortgaged Properties located in any one zip code area outside California; (vii) The improvements upon the Mortgaged Properties are insured against loss by fire and other hazards as required by the Program Guide, including flood insurance if required under the National Flood Insurance Act of 1968, as amended. The Mortgage requires the Mortgagor to maintain such casualty insurance at the Mortgagor's expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at the Mortgagor's expense and to seek reimbursement therefor from the Mortgagor; (viii) Immediately prior to the assignment of the Mortgage Loans to the Trustee, the Company had good title to, and was the sole owner of, each Mortgage Loan free and clear of any pledge, lien, encumbrance or security interest (other than rights to servicing and related compensation) and such assignment validly transfers ownership of the Mortgage Loans to the Trustee free and clear of any pledge, lien, encumbrance or security interest; (ix) Approximately 69.08% of the Mortgage Loans by aggregate Stated Principal Balance as of the Cut-off Date were underwritten under a reduced loan documentation program, approximately 15.76% of the Mortgage Loans by aggregate Stated Principal Balance as of the Cut-off Date were underwritten under a no-stated income program, and approximately 3.88% of the Mortgage Loans by aggregate Stated Principal Balance as of the Cut-off Date were underwritten under a no income/no asset program; (x) Except with respect to approximately 15.95% of the Mortgage Loans by aggregate Stated Principal Balance as of the Cut-off Date, the Mortgagor represented in its loan application with respect to the related Mortgage Loan that the Mortgaged Property would be owner-occupied; (xi) None of the Mortgage Loans is a Buy-Down Mortgage Loan; (xii) Each Mortgage Loan constitutes a qualified mortgage under Section 860G(a)(3)(A) of the Code and Treasury Regulations Section 1.860G-2(a)(1); (xiii) A policy of title insurance was effective as of the closing of each Mortgage Loan and is valid and binding and remains in full force and effect, unless the Mortgaged Properties are located in the State of Iowa and an attorney's certificate has been provided as described in the Program Guide; (xiv) None of the Mortgage Loans is a Cooperative Loan; with respect to a Mortgage Loan that is a Cooperative Loan, the Cooperative Stock that is pledged as security for the Mortgage Loan is held by a person as a tenant-stockholder (as defined in Section 216 of the Code) in a cooperative housing corporation (as defined in Section 216 of the Code); 15 (xv) With respect to each Mortgage Loan originated under a "streamlined" Mortgage Loan program (through which no new or updated appraisals of Mortgaged Properties are obtained in connection with the refinancing thereof), the related Seller has represented that either (a) the value of the related Mortgaged Property as of the date the Mortgage Loan was originated was not less than the appraised value of such property at the time of origination of the refinanced Mortgage Loan or (b) the Loan-to-Value Ratio of the Mortgage Loan as of the date of origination of the Mortgage Loan generally meets the Company's underwriting guidelines; (xvi) Interest on each Mortgage Loan is calculated on the basis of a 360-day year consisting of twelve 30-day months; (xvii) None of the Mortgage Loans contain in the related Mortgage File a Destroyed Mortgage Note; (xviii) None of the Mortgage Loans by aggregate Stated Principal Balance as of the Cut-off Date will have been made to International Borrowers, and no such Mortgagor is a member of a foreign diplomatic mission with diplomatic rank; (xix) No Mortgage Loan provides for payments that are subject to reduction by withholding taxes levied by any foreign (non-United States) sovereign government; and (xx) None of the Mortgage Loans are Additional Collateral Loans and none of the Mortgage Loans are Pledged Asset Loans. It is understood and agreed that the representations and warranties set forth in this Section 2.03(b) shall survive delivery of the respective Mortgage Files to the Trustee or any Custodian. Upon discovery by any of the Company, the Master Servicer, the Trustee or any Custodian of a breach of any of the representations and warranties set forth in this Section 2.03(b) that materially and adversely affects the interests of the Certificateholders in any Mortgage Loan, the party discovering such breach shall give prompt written notice to the other parties (any Custodian being so obligated under a Custodial Agreement); provided, however, that in the event of a breach of the representation and warranty set forth in Section 2.03(b)(xii), the party discovering such breach shall give such notice within five days of discovery. Within 90 days of its discovery or its receipt of notice of breach, the Company shall either (i) cure such breach in all material respects or (ii) purchase such Mortgage Loan from the Trust Fund at the Purchase Price and in the manner set forth in Section 2.02; provided that the Company shall have the option to substitute a Qualified Substitute Mortgage Loan or Loans for such Mortgage Loan if such substitution occurs within two years following the Closing Date; provided that if the omission or defect would cause the Mortgage Loan to be other than a "qualified mortgage" as defined in Section 860G(a)(3) of the Code, any such cure or repurchase must occur within 90 days from the date such breach was discovered. Any such substitution shall be effected by the Company under the same terms and conditions as provided in Section 2.04 for substitutions by Residential Funding. It is understood and 16 agreed that the obligation of the Company to cure such breach or to so purchase or substitute for any Mortgage Loan as to which such a breach has occurred and is continuing shall constitute the sole remedy respecting such breach available to the Certificateholders or the Trustee on behalf of the Certificateholders. Notwithstanding the foregoing, the Company shall not be required to cure breaches or purchase or substitute for Mortgage Loans as provided in this Section 2.03(b) if the substance of the breach of a representation set forth above also constitutes fraud in the origination of the Mortgage Loan. Section 2.04. Representations and Warranties of Sellers. The Company, as assignee of Residential Funding under the Assignment Agreement, hereby assigns to the Trustee for the benefit of Certificateholders all of its right, title and interest in respect of the Assignment Agreement and each Seller's Agreement applicable to a Mortgage Loan. Insofar as the Assignment Agreement or the Company's rights under such Seller's Agreement relate to the representations and warranties made by Residential Funding or the related Seller in respect of such Mortgage Loan and any remedies provided thereunder for any breach of such representations and warranties, such right, title and interest may be enforced by the Master Servicer on behalf of the Trustee and the Certificateholders. Upon the discovery by the Company, the Master Servicer, the Trustee or any Custodian of a breach of any of the representations and warranties made in a Seller's Agreement that have been assigned to the Trustee pursuant to this Section 2.04 or of a breach of any of the representations and warranties made in the Assignment Agreement (which, for purposes hereof, will be deemed to include any other cause giving rise to a repurchase obligation under the Assignment Agreement) in respect of any Mortgage Loan which materially and adversely affects the interests of the Certificateholders in such Mortgage Loan, the party discovering such breach shall give prompt written notice to the other parties (any Custodian being so obligated under a Custodial Agreement). The Master Servicer shall promptly notify the related Seller or Residential Funding, as the case may be, of such breach and request that such Seller or Residential Funding, as the case may be, either (i) cure such breach in all material respects within 90 days from the date the Master Servicer was notified of such breach or (ii) purchase such Mortgage Loan from the Trust Fund at the Purchase Price and in the manner set forth in Section 2.02; provided that in the case of a breach under the Assignment Agreement Residential Funding shall have the option to substitute a Qualified Substitute Mortgage Loan or Loans for such Mortgage Loan if such substitution occurs within two years following the Closing Date; provided that if the breach would cause the Mortgage Loan to be other than a "qualified mortgage" as defined in Section 860G(a)(3) of the Code, any such cure, repurchase or substitution must occur within 90 days from the date the breach was discovered. If the breach of representation and warranty that gave rise to the obligation to repurchase or substitute a Mortgage Loan pursuant to Section 4 of the Assignment Agreement was the representation and warranty set forth in clause (k) of Section 4 thereof, then the Master Servicer shall request that Residential Funding pay to the Trust Fund, concurrently with and in addition to the remedies provided in the preceding sentence, an amount equal to any liability, penalty or expense that was actually incurred and paid out of or on behalf of the Trust Fund, and that directly resulted from such breach, or if incurred and paid by the Trust Fund thereafter, concurrently with such payment. In the event that Residential Funding elects to substitute a Qualified Substitute Mortgage Loan or Loans for a Deleted Mortgage Loan pursuant to this Section 2.04, Residential Funding shall deliver to the Trustee or the Custodian for the benefit of the Certificateholders with respect to such Qualified 17 Substitute Mortgage Loan or Loans, the original Mortgage Note, the Mortgage, an Assignment of the Mortgage in recordable form, if required pursuant to Section 2.01, and such other documents and agreements as are required by Section 2.01, with the Mortgage Note endorsed as required by Section 2.01. No substitution will be made in any calendar month after the Determination Date for such month. Monthly Payments due with respect to Qualified Substitute Mortgage Loans in the month of substitution shall not be part of the Trust Fund and will be retained by the Master Servicer and remitted by the Master Servicer to Residential Funding on the next succeeding Distribution Date. For the month of substitution, distributions to the Certificateholders will include the Monthly Payment due on a Deleted Mortgage Loan for such month and thereafter Residential Funding shall be entitled to retain all amounts received in respect of such Deleted Mortgage Loan. The Master Servicer shall amend or cause to be amended the Mortgage Loan Schedule, and, if the Deleted Mortgage Loan was a Discount Mortgage Loan, the Schedule of Discount Fractions, for the benefit of the Certificateholders to reflect the removal of such Deleted Mortgage Loan and the substitution of the Qualified Substitute Mortgage Loan or Loans and the Master Servicer shall deliver the amended Mortgage Loan Schedule, and, if the Deleted Mortgage Loan was a Discount Mortgage Loan, the amended Schedule of Discount Fractions, to the Trustee. Upon such substitution, the Qualified Substitute Mortgage Loan or Loans shall be subject to the terms of this Agreement and the related Subservicing Agreement in all respects, the related Seller shall be deemed to have made the representations and warranties with respect to the Qualified Substitute Mortgage Loan contained in the related Seller's Agreement as of the date of substitution, insofar as Residential Funding's rights in respect of such representations and warranties are assigned to the Company pursuant to the Assignment Agreement, and the Company and the Master Servicer shall be deemed to have made with respect to any Qualified Substitute Mortgage Loan or Loans, as of the date of substitution, the covenants, representations and warranties set forth in this Section 2.04, in Section 2.03 hereof and in Section 4 of the Assignment Agreement, and the Master Servicer shall be obligated to repurchase or substitute for any Qualified Substitute Mortgage Loan as to which a Repurchase Event (as defined in the Assignment Agreement) has occurred pursuant to Section 4 of the Assignment Agreement. In connection with the substitution of one or more Qualified Substitute Mortgage Loans for one or more Deleted Mortgage Loans, the Master Servicer will determine the amount (if any) by which the aggregate principal balance of all such Qualified Substitute Mortgage Loans as of the date of substitution is less than the aggregate Stated Principal Balance of all such Deleted Mortgage Loans (in each case after application of the principal portion of the Monthly Payments due in the month of substitution that are to be distributed to the Certificateholders in the month of substitution). Residential Funding shall deposit the amount of such shortfall into the Custodial Account on the day of substitution, without any reimbursement therefor. Residential Funding shall give notice in writing to the Trustee of such event, which notice shall be accompanied by an Officers' Certificate as to the calculation of such shortfall and (subject to Section 10.01(f)) by an Opinion of Counsel to the effect that such substitution will not cause (a) any federal tax to be imposed on the Trust Fund, including without limitation, any federal tax imposed on "prohibited transactions" under Section 860F(a)(1) of the Code or on "contributions after the startup date" under Section 860G(d)(1) of the Code or (b) any portion of any REMIC to fail to qualify as such at any time that any Certificate is outstanding. It is understood and agreed that the obligation of the Seller or Residential Funding, as the case may be, to cure such breach or purchase (or in the case of Residential Funding to substitute for) such Mortgage Loan as to which such a breach has occurred and is continuing and to make any additional 18 payments required under the Assignment Agreement in connection with a breach of the representation and warranty in clause (k) of Section 4 thereof shall constitute the sole remedy respecting such breach available to the Certificateholders or the Trustee on behalf of Certificateholders. If the Master Servicer is Residential Funding, then the Trustee shall also have the right to give the notification and require the purchase or substitution provided for in the second preceding paragraph in the event of such a breach of a representation or warranty made by Residential Funding in the Assignment Agreement. In connection with the purchase of or substitution for any such Mortgage Loan by Residential Funding, the Trustee shall assign to Residential Funding all of the Trustee's right, title and interest in respect of the Seller's Agreement and the Assignment Agreement applicable to such Mortgage Loan. Section 2.05. Execution and Authentication of Certificates/Issuance of Certificates. The Trustee acknowledges the assignment to it of the Mortgage Loans and the delivery of the Mortgage Files to it, or any Custodian on its behalf, subject to any exceptions noted, together with the assignment to it of all other assets included in the Trust Fund and/or the applicable REMIC, receipt of which is hereby acknowledged. Concurrently with such delivery and in exchange therefor, the Trustee, pursuant to the written request of the Company executed by an officer of the Company, has executed and caused to be authenticated and delivered to or upon the order of the Company the Certificates in authorized denominations that evidence ownership of the Trust Fund. Section 2.06. [Reserved]. Section 2.07. [Reserved]. Section 2.08. Purposes and Powers of the Trust. (See Section 2.08 of the Standard Terms) 19 ARTICLE III ADMINISTRATION AND SERVICING OF MORTGAGE LOANS Section 3.01. Master Servicer to Act as Servicer. (See Section 3.01 of the Standard Terms) Section 3.02. Subservicing Agreements Between Master Servicer and Subservicers; Enforcement of Subservicers' and Sellers' Obligations. (See Section 3.02 of the Standard Terms) Section 3.03. Successor Subservicers. (See Section 3.03 of the Standard Terms) Section 3.04. Liability of the Master Servicer. (See Section 3.04 of the Standard Terms) Section 3.05. No Contractual Relationship Between Subservicer and Trustee or Certificateholders. (See Section 3.05 of the Standard Terms) Section 3.06. Assumption or Termination of Subservicing Agreements by Trustee. (See Section 3.06 of the Standard Terms) Section 3.07. Collection of Certain Mortgage Loan Payments; Deposits to Custodial Account. (a) The Master Servicer shall make reasonable efforts to collect all payments called for under the terms and provisions of the Mortgage Loans, and shall, to the extent such procedures shall be consistent with this Agreement and the terms and provisions of any related Primary Insurance Policy, follow such collection procedures as it would employ in its good faith business judgment and which are normal and usual in its general mortgage servicing activities. Consistent with the foregoing, the Master Servicer may in its discretion (i) waive any late payment charge or any prepayment charge or penalty interest in connection with the prepayment of a Mortgage Loan and (ii) extend the Due Date for payments due on a Mortgage Loan in accordance with the Program Guide; provided, however, that the Master Servicer shall first determine that any such waiver or extension will not impair the coverage of any related Primary Insurance Policy or materially adversely affect the lien of the related Mortgage. In the event of any such arrangement, the Master Servicer shall make timely advances on the related Mortgage Loan during the scheduled period in accordance with the amortization schedule of such Mortgage Loan without modification thereof by reason of such arrangements unless otherwise agreed to by the Holders of the Classes of Certificates affected thereby; provided, however, that no such extension shall be made if any such advance would be a Nonrecoverable Advance. Consistent with the terms of this Agreement, the Master Servicer may also waive, modify or vary any term of any Mortgage Loan or consent to the postponement of strict compliance with any such term or in any manner grant indulgence to any Mortgagor if in the Master Servicer's determination such waiver, modification, postponement or indulgence is not materially adverse to the interests of the Certificateholders (taking into account any estimated Realized Loss that 20 might result absent such action); provided, however, that the Master Servicer may not modify materially or permit any Subservicer to modify any Mortgage Loan, including without limitation any modification that would change the Mortgage Rate, forgive the payment of any principal or interest (unless in connection with the liquidation of the related Mortgage Loan or except in connection with prepayments to the extent that such reamortization is not inconsistent with the terms of the Mortgage Loan), capitalize any amounts owing on the Mortgage Loan by adding such amount to the outstanding principal balance of the Mortgage Loan, or extend the final maturity date of such Mortgage Loan, unless such Mortgage Loan is in default or, in the judgment of the Master Servicer, such default is reasonably foreseeable; provided, further, that (1) no such modification shall reduce the interest rate on a Mortgage Loan below one-half of the Mortgage Rate as in effect on the Cut-off Date, but not less than the rates at which the Servicing Fee and the Subservicing Fee with respect to such Mortgage Loan accrue, (2) the final maturity date for any Mortgage Loan shall not be extended beyond the Maturity Date, (3) the Stated Principal Balance of all Reportable Modified Mortgage Loans subject to Servicing Modifications (measured at the time of the Servicing Modification and after giving effect to any Servicing Modification) can be no more than five percent of the aggregate principal balance of the Mortgage Loans as of the Cut-off Date, unless such limit is increased from time to time with the consent of the Rating Agencies. In addition, any amounts owing on a Mortgage Loan added to the outstanding principal balance of such Mortgage Loan must be fully amortized over the remaining term of such Mortgage Loan, and such amounts may be added to the outstanding principal balance of a Mortgage Loan only once during the life of such Mortgage Loan. Also, the addition of such amounts described in the preceding sentence shall be implemented in accordance with the Program Guide and may be implemented only by Subservicers that have been approved by the Master Servicer for such purpose. In connection with any Curtailment of a Mortgage Loan, the Master Servicer, to the extent not inconsistent with the terms of the Mortgage Note and local law and practice, may permit the Mortgage Loan to be reamortized such that the Monthly Payment is recalculated as an amount that will fully amortize the remaining Stated Principal Balance thereof by the original Maturity Date based on the original Mortgage Rate; provided, that such re-amortization shall not be permitted if it would constitute a reissuance of the Mortgage Loan for federal income tax purposes, except if such reissuance is described in Treasury Regulation Section 1.860G-2(b)(3). (b) The Master Servicer shall establish and maintain a Custodial Account in which the Master Servicer shall deposit or cause to be deposited on a daily basis, except as otherwise specifically provided herein, the following payments and collections remitted by Subservicers or received by it in respect of the Mortgage Loans subsequent to the Cut-off Date (other than in respect of principal and interest on the Mortgage Loans due on or before the Cut-off Date): (i) All payments on account of principal, including Principal Prepayments made by Mortgagors on the Mortgage Loans and the principal component of any Subservicer Advance or of any REO Proceeds received in connection with an REO Property for which an REO Disposition has occurred; (ii) All payments on account of interest at the Adjusted Mortgage Rate on the Mortgage Loans, including Buydown Funds, if any, and the interest component of any Subservicer Advance or of any REO Proceeds received in connection with an REO Property for which an REO Disposition has occurred; 21 (iii) Insurance Proceeds, Subsequent Recoveries and Liquidation Proceeds (net of any related expenses of the Subservicer); (iv) All proceeds of any Mortgage Loans purchased pursuant to Section 2.02, 2.03, 2.04 or 4.07 (including amounts received from Residential Funding pursuant to the last paragraph of Section 4 of the Assignment Agreement in respect of any liability, penalty or expense that resulted from a breach of the representation and warranty set forth in clause 4(k) of the Assignment Agreement) and all amounts required to be deposited in connection with the substitution of a Qualified Substitute Mortgage Loan pursuant to Section 2.03 or 2.04; (v) Any amounts required to be deposited pursuant to Section 3.07(c) or 3.21; (vi) All amounts transferred from the Certificate Account to the Custodial Account in accordance with Section 4.02(a); (vii) Any amounts realized by the Subservicer and received by the Master Servicer in respect of any Additional Collateral; and (viii) Any amounts received by the Master Servicer in respect of Pledged Assets. The foregoing requirements for deposit in the Custodial Account shall be exclusive, it being understood and agreed that, without limiting the generality of the foregoing, payments on the Mortgage Loans which are not part of the Trust Fund (consisting of payments in respect of principal and interest on the Mortgage Loans due on or before the Cut-off Date) and payments or collections in the nature of prepayment charges or late payment charges or assumption fees may but need not be deposited by the Master Servicer in the Custodial Account. In the event any amount not required to be deposited in the Custodial Account is so deposited, the Master Servicer may at any time withdraw such amount from the Custodial Account, any provision herein to the contrary notwithstanding. The Custodial Account may contain funds that belong to one or more trust funds created for mortgage pass-through certificates of other series and may contain other funds respecting payments on mortgage loans belonging to the Master Servicer or serviced or master serviced by it on behalf of others. Notwithstanding such commingling of funds, the Master Servicer shall keep records that accurately reflect the funds on deposit in the Custodial Account that have been identified by it as being attributable to the Mortgage Loans. With respect to Insurance Proceeds, Liquidation Proceeds, REO Proceeds and the proceeds of the purchase of any Mortgage Loan pursuant to Sections 2.02, 2.03, 2.04 and 4.07 received in any calendar month, the Master Servicer may elect to treat such amounts as included in the Available Distribution Amount for the Distribution Date in the month of receipt, but is not obligated to do so. If the Master Servicer so elects, such amounts will be deemed to have been received (and any related Realized Loss shall be deemed to have occurred) on the last day of the month prior to the receipt thereof. (c) - (d). (See Section 3.07(c) -(d) of the Standard Terms) 22 Section 3.08. Subservicing Accounts; Servicing Accounts. (See Section 3.08 of the Standard Terms) Section 3.09. Access to Certain Documentation and Information Regarding the Mortgage Loans. (See Section 3.09 of the Standard Terms) Section 3.10. Permitted Withdrawals from the Custodial Account. (See Section 3.10 of the Standard Terms) Section 3.11. Maintenance of the Primary Insurance Policies; Collections Thereunder. (See Section 3.11 of the Standard Terms) Section 3.12. Maintenance of Fire Insurance and Omissions and Fidelity Coverage. (See Section 3.12 of the Standard Terms) Section 3.13. Enforcement of Due-on-Sale Clauses; Assumption and Modification Agreements; Certain Assignments. (See Section 3.13 of the Standard Terms) Section 3.14. Realization Upon Defaulted Mortgage Loans. (See Section 3.14 of the Standard Terms) Section 3.15. Trustee to Cooperate; Release of Mortgage Files. (See Section 3.15 of the Standard Terms) Section 3.16. Servicing and Other Compensation; Compensating Interest. (See Section 3.16 of the Standard Terms) Section 3.17. Reports to the Trustee and the Company. (See Section 3.17 of the Standard Terms) Section 3.18. Annual Statement as to Compliance. (See Section 3.18 of the Standard Terms) Section 3.19. Annual Independent Public Accountants' Servicing Report. (See Section 3.19 of the Standard Terms) Section 3.20. Rights of the Company in Respect of the Master Servicer. (See Section 3.20 of the Standard Terms) Section 3.21. Administration of Buydown Funds (See Section 3.21 of the Standard Terms) 23 ARTICLE IV PAYMENTS TO CERTIFICATEHOLDERS Section 4.01. Certificate Account. (See Section 4.01 of the Standard Terms) Section 4.02. Distributions. (a) On each Distribution Date the Master Servicer on behalf of the Trustee (or the Paying Agent appointed by the Trustee) shall distribute to the Master Servicer, in the case of a distribution pursuant to Section 4.02(a)(iii) below, and to each Certificateholder of record on the next preceding Record Date (other than as provided in Section 9.01 respecting the final distribution) either in immediately available funds (by wire transfer or otherwise) to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor, if such Certificateholder has so notified the Master Servicer or the Paying Agent, as the case may be, or, if such Certificateholder has not so notified the Master Servicer or the Paying Agent by the Record Date, by check mailed to such Certificateholder at the address of such Holder appearing in the Certificate Register such Certificateholder's share (which share (A) with respect to each Class of Certificates (other than any Subclass of the Class A-V Certificates), shall be based on the aggregate of the Percentage Interests represented by Certificates of the applicable Class held by such Holder or (B) with respect to any Subclass of the Class A-V Certificates, shall be equal to the amount (if any) distributed pursuant to Section 4.02(a)(i) below to each Holder of a Subclass thereof) of the following amounts, in the following order of priority (subject to the provisions of Section 4.02(b), (c) and (e) below), in each case to the extent of the Available Distribution Amount remaining: (i) to the Senior Certificates (other than the Class A-P Certificates), on a pro rata basis based on Accrued Certificate Interest payable on such Certificates with respect to such Distribution Date, Accrued Certificate Interest on such Classes of Certificates (or Subclasses, if any, with respect to the Class A-V Certificates) for such Distribution Date, plus any Accrued Certificate Interest thereon remaining unpaid from any previous Distribution Date except as provided in the last paragraph of this Section 4.02(a); and (ii) (X) to the Class A-P Certificates, the Class A-P Principal Distribution Amount (applied to reduce the Certificate Principal Balances of such Senior Certificates); and (Y) to the Senior Certificates (other than the Class A-P Certificates and Class A-V Certificates), in the priorities and amounts set forth in Section 4.02(b) and (c), the sum of the following (applied to reduce the Certificate Principal Balances of such Senior Certificates, as applicable): (A) the Senior Percentage for such Distribution Date times the sum of the following: (1) the principal portion of each Monthly Payment due during the related Due Period on each Outstanding Mortgage Loan (other than the related Discount Fraction of the principal portion of such payment with 24 respect to a Discount Mortgage Loan), whether or not received on or prior to the related Determination Date, minus the principal portion of any Debt Service Reduction (other than the related Discount Fraction of the principal portion of such Debt Service Reductions with respect to each Discount Mortgage Loan) which together with other Bankruptcy Losses exceeds the Bankruptcy Amount; (2) the Stated Principal Balance of any Mortgage Loan repurchased during the preceding calendar month (or deemed to have been so repurchased in accordance with Section 3.07(b)) pursuant to Section 2.02, 2.03, 2.04 or 4.07 and the amount of any shortfall deposited in the Custodial Account in connection with the substitution of a Deleted Mortgage Loan pursuant to Section 2.03 or 2.04 during the preceding calendar month (other than the related Discount Fraction of such Stated Principal Balance or shortfall with respect to each Discount Mortgage Loan); and (3) the principal portion of all other unscheduled collections (other than Principal Prepayments in Full and Curtailments and amounts received in connection with a Cash Liquidation or REO Disposition of a Mortgage Loan described in Section 4.02(a)(ii)(Y)(B) of this Series Supplement, including without limitation Insurance Proceeds, Liquidation Proceeds and REO Proceeds), including Subsequent Recoveries, received during the preceding calendar month (or deemed to have been so received in accordance with Section 3.07(b)) to the extent applied by the Master Servicer as recoveries of principal of the related Mortgage Loan pursuant to Section 3.14 of the Standard Terms (other than the related Discount Fraction of the principal portion of such unscheduled collections, with respect to each Discount Mortgage Loan); (B) with respect to each Mortgage Loan for which a Cash Liquidation or a REO Disposition occurred during the preceding calendar month (or was deemed to have occurred during such period in accordance with Section 3.07(b)) and did not result in any Excess Special Hazard Losses, Excess Fraud Losses, Excess Bankruptcy Losses or Extraordinary Losses, an amount equal to the lesser of (a) the Senior Percentage for such Distribution Date times the Stated Principal Balance of such Mortgage Loan (other than the related Discount Fraction of such Stated Principal Balance, with respect to each Discount Mortgage Loan) and (b) the Senior Accelerated Distribution Percentage for such Distribution Date times the related unscheduled collections (including without limitation Insurance Proceeds, Liquidation Proceeds and REO Proceeds) to the extent applied by the Master Servicer as recoveries of principal of the related Mortgage Loan pursuant to Section 3.14 of the Standard Terms (in each case other than the portion of such unscheduled collections, with respect to a Discount Mortgage Loan, included in clause (C) of the definition of Class A-P Principal Distribution Amount); 25 (C) the Senior Accelerated Distribution Percentage for such Distribution Date times the aggregate of all Principal Prepayments in Full received in the related Prepayment Period and Curtailments received in the preceding calendar month (other than the related Discount Fraction of such Principal Prepayments in Full and Curtailments, with respect to each Discount Mortgage Loan); (D) any Excess Subordinate Principal Amount for such Distribution Date; and (E) any amounts described in subsection (ii)(Y), clauses (A), (B) and (C) of this Section 4.02(a), as determined for any previous Distribution Date, which remain unpaid after application of amounts previously distributed pursuant to this clause (E) to the extent that such amounts are not attributable to Realized Losses which have been allocated to the Subordinate Certificates; minus (F) the Capitalization Reimbursement Amount for such Distribution Date, other than the related Discount Fraction of any portion of that amount related to each Discount Mortgage Loan, multiplied by a fraction, the numerator of which is the Senior Principal Distribution Amount, without giving effect to this clause (F), and the denominator of which is the sum of the principal distribution amounts for all Classes of Certificates other than the Class A-P Certificates, without giving effect to any reductions for the Capitalization Reimbursement Amount; (iii) if the Certificate Principal Balances of the Subordinate Certificates have not been reduced to zero, to the Master Servicer or a Sub-Servicer, by remitting for deposit to the Custodial Account, to the extent of and in reimbursement for any Advances or Sub-Servicer Advances previously made with respect to any Mortgage Loan or REO Property which remain unreimbursed in whole or in part following the Cash Liquidation or REO Disposition of such Mortgage Loan or REO Property, minus any such Advances that were made with respect to delinquencies that ultimately constituted Excess Special Hazard Losses, Excess Fraud Losses, Excess Bankruptcy Losses or Extraordinary Losses; (iv) to the Holders of the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date, plus any Accrued Certificate Interest thereon remaining unpaid from any previous Distribution Date, except as provided below; (v) to the Holders of the Class M-1 Certificates, an amount equal to (x) the Subordinate Principal Distribution Amount for such Class of Certificates for such Distribution Date, minus (y) the amount of any Class A-P Collection Shortfalls for such Distribution Date or remaining unpaid for all previous Distribution Dates, to the extent the amounts available pursuant to clause (x) of Sections 4.02(a)(vii), (ix), (xi), (xiii), (xiv) and (xv) of this Series Supplement are insufficient therefor, applied in reduction of the Certificate Principal Balance of the Class M-1 Certificates; 26 (vi) to the Holders of the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date, plus any Accrued Certificate Interest thereon remaining unpaid from any previous Distribution Date, except as provided below; (vii) to the Holders of the Class M-2 Certificates, an amount equal to (x) the Subordinate Principal Distribution Amount for such Class of Certificates for such Distribution Date, minus (y) the amount of any Class A-P Collection Shortfalls for such Distribution Date or remaining unpaid for all previous Distribution Dates, to the extent the amounts available pursuant to clause (x) of Sections 4.02(a) (ix), (xi), (xiii), (xiv) and (xv) are insufficient therefor, applied in reduction of the Certificate Principal Balance of the Class M-2 Certificates; (viii) to the Holders of the Class M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date, plus any Accrued Certificate Interest thereon remaining unpaid from any previous Distribution Date, except as provided below; (ix) to the Holders of the Class M-3 Certificates, an amount equal to (x) the Subordinate Principal Distribution Amount for such Class of Certificates for such Distribution Date minus (y) the amount of any Class A-P Collection Shortfalls for such Distribution Date or remaining unpaid for all previous Distribution Dates, to the extent the amounts available pursuant to clause (x) of Sections 4.02(a)(xi), (xiii), (xiv) and (xv) are insufficient therefor, applied in reduction of the Certificate Principal Balance of the Class M-3 Certificates; (x) to the Holders of the Class B-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date, plus any Accrued Certificate Interest thereon remaining unpaid from any previous Distribution Date, except as provided below; (xi) to the Holders of the Class B-1 Certificates, an amount equal to (x) the Subordinate Principal Distribution Amount for such Class of Certificates for such Distribution Date minus (y) the amount of any Class A-P Collection Shortfalls for such Distribution Date or remaining unpaid for all previous Distribution Dates, to the extent the amounts available pursuant to clause (x) of Sections 4.02(a)(xiii), (xiv) and (xv) are insufficient therefor, applied in reduction of the Certificate Principal Balance of the Class B-1 Certificates; (xii) to the Holders of the Class B-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date, plus any Accrued Certificate Interest thereon remaining unpaid from any previous Distribution Date, except as provided below; (xiii) to the Holders of the Class B-2 Certificates, an amount equal to (x) the Subordinate Principal Distribution Amount for such Class of Certificates for such Distribution Date minus (y) the amount of any Class A-P Collection Shortfalls for such Distribution Date or remaining unpaid for all previous Distribution Dates, to the extent the amounts available pursuant to clause (x) of Sections 4.02(a)(xiv) and (xv) are insufficient therefor, applied in reduction of the Certificate Principal Balance of the Class B-2 Certificates; 27 (xiv) to the Holders of the Class B-3 Certificates, an amount equal to (x) the Accrued Certificate Interest thereon for such Distribution Date, plus any Accrued Certificate Interest thereon remaining unpaid from any previous Distribution Date, except as provided below, minus (y) the amount of any Class A-P Collection Shortfalls for such Distribution Date or remaining unpaid for all previous Distribution Dates, to the extent the amounts available pursuant to clause (x) of Section 4.02(a) (xv) are insufficient therefor; (xv) to the Holders of the Class B-3 Certificates, an amount equal to (x) the Subordinate Principal Distribution Amount for such Class of Certificates for such Distribution Date minus (y) the amount of any Class A-P Collection Shortfalls for such Distribution Date or remaining unpaid for all previous Distribution Dates applied in reduction of the Certificate Principal Balance of the Class B-3 Certificates; (xvi) to the Senior Certificates, on a pro rata basis in accordance with their respective outstanding Certificate Principal Balances, the portion, if any, of the Available Distribution Amount remaining after the foregoing distributions, applied to reduce the Certificate Principal Balances of such Senior Certificates, but in no event more than the aggregate of the outstanding Certificate Principal Balances of each such Class of Senior Certificates, and thereafter, to each Class of Subordinate Certificates then outstanding beginning with such Class with the Highest Priority, any portion of the Available Distribution Amount remaining after the Senior Certificates have been retired, applied to reduce the Certificate Principal Balance of each such Class of Subordinate Certificates, but in no event more than the outstanding Certificate Principal Balance of each such Class of Subordinate Certificates; and (xvii) to the Class R Certificates, the balance, if any, of the Available Distribution Amount. Notwithstanding the foregoing, on any Distribution Date, with respect to the Class of Subordinate Certificates outstanding on such Distribution Date with the Lowest Priority, or in the event the Subordinate Certificates are no longer outstanding, the Senior Certificates, Accrued Certificate Interest thereon remaining unpaid from any previous Distribution Date will be distributable only to the extent that (1) a shortfall in the amounts available to pay Accrued Certificate Interest on any Class of Certificates results from an interest rate reduction in connection with a Servicing Modification, or (2) such unpaid Accrued Certificate Interest was attributable to interest shortfalls relating to the failure of the Master Servicer to make any required Advance, or the determination by the Master Servicer that any proposed Advance would be a Nonrecoverable Advance with respect to the related Mortgage Loan where such Mortgage Loan has not yet been the subject of a Cash Liquidation or REO Disposition or the related Liquidation Proceeds, Insurance Proceeds and REO Proceeds have not yet been distributed to the Certificateholders. (b) Distributions of principal on the Senior Certificates on each Distribution Date occurring prior to the Credit Support Depletion Date will be made as follows: 28 (i) first, an amount equal to the Class A-P Principal Distribution Amount shall be distributed to the Class A-P Certificates, until the Certificate Principal Balance thereof has been reduced to zero; and (ii) second, the Senior Principal Distribution Amount shall be distributed in the following manner and priority: (A) first, to the Class R Certificates, until the Certificate Principal Balance thereof has been reduced to zero; and (B) second, the Senior Principal Distribution Amount remaining after the payments of principal made in accordance with Section 4.02(b)(ii)(A) above, shall be distributed to the Class A-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. (c) Notwithstanding Section 4.02(b)(ii), on or after the Credit Support Depletion Date, the Senior Principal Distribution Amount will be distributed to the remaining Senior Certificates (other than the Class A-P Certificates and Class A-V Certificates) pro rata in accordance with their respective outstanding Certificate Principal Balances. (d) After the reduction of the Certificate Principal Balances of the Senior Certificates (other than the Class A-P Certificates) to zero but prior to the Credit Support Depletion Date, the Senior Certificates (other than the Class A-P Certificates) will be entitled to no further distributions of principal thereon and the Available Distribution Amount will be paid solely to the holders of the Class A-P, Class A-V and Subordinate Certificates, in each case as described herein. (e) In addition to the foregoing distributions, with respect to any Subsequent Recoveries, the Master Servicer shall deposit such funds into the Custodial Account pursuant to Section 3.07(b)(iii). If, after taking into account such Subsequent Recoveries, the amount of a Realized Loss is reduced, the amount of such Subsequent Recoveries will be applied to increase the Certificate Principal Balance of the Class of Subordinate Certificates with a Certificate Principal Balance greater than zero with the highest payment priority to which Realized Losses, other than Excess Bankruptcy Losses, Excess Fraud Losses, Excess Special Hazard Losses and Extraordinary Losses, have been allocated, but not by more than the amount of Realized Losses previously allocated to that Class of Certificates pursuant to Section 4.05. The amount of any remaining Subsequent Recoveries will be applied to increase from zero the Certificate Principal Balance of the Class of Certificates with the next lower payment priority, up to the amount of Realized Losses previously allocated to that Class of Certificates pursuant to Section 4.05. Any remaining Subsequent Recoveries will in turn be applied to increase from zero the Certificate Principal Balance of the Class of Certificates with the next lower payment priority up to the amount of Realized Losses previously allocated to that Class of Certificates pursuant to Section 4.05, and so on. Holders of such Certificates will not be entitled to any payment in respect of Accrued Certificate Interest on the amount of such increases for any Interest Accrual Period preceding the Interest Accrual Period that relates to the Distribution Date on which such increase occurs. Any such increases shall be applied to the Certificate Principal Balance of each Certificate of such Class in accordance with its respective Percentage Interest. 29 (f) Each distribution with respect to a Book-Entry Certificate shall be paid to the Depository, as Holder thereof, and the Depository shall be solely responsible for crediting the amount of such distribution to the accounts of its Depository Participants in accordance with its normal procedures. Each Depository Participant shall be responsible for disbursing such distribution to the Certificate Owners that it represents and to each indirect participating brokerage firm (a "brokerage firm") for which it acts as agent. Each brokerage firm shall be responsible for disbursing funds to the Certificate Owners that it represents. None of the Trustee, the Certificate Registrar, the Company or the Master Servicer shall have any responsibility therefor. (g) Except as otherwise provided in Section 9.01, if the Master Servicer anticipates that a final distribution with respect to any Class of Certificates will be made on the next Distribution Date, the Master Servicer shall, no later than the Determination Date in the month of such final distribution, notify the Trustee and the Trustee shall, no later than two (2) Business Days after such Determination Date, mail on such date to each Holder of such Class of Certificates a notice to the effect that: (i) the Trustee anticipates that the final distribution with respect to such Class of Certificates will be made on such Distribution Date but only upon presentation and surrender of such Certificates at the office of the Trustee or as otherwise specified therein, and (ii) no interest shall accrue on such Certificates from and after the end of the related Interest Accrual Period. In the event that Certificateholders required to surrender their Certificates pursuant to Section 9.01(c) do not surrender their Certificates for final cancellation, the Trustee shall cause funds distributable with respect to such Certificates to be withdrawn from the Certificate Account and credited to a separate escrow account for the benefit of such Certificateholders as provided in Section 9.01(d). Section 4.03. Statements to Certificateholders; Exchange Act Reporting. (See Section 4.03 of the Standard Terms) Section 4.04. Distribution of Reports to the Trustee and the Company; Advances by the Master Servicer. (See Section 4.04 of the Standard Terms) Section 4.05. Allocation of Realized Losses. Prior to each Distribution Date, the Master Servicer shall determine the total amount of Realized Losses, if any, that resulted from any Cash Liquidation, Servicing Modification, Debt Service Reduction, Deficient Valuation or REO Disposition that occurred during the related Prepayment Period or, in the case of a Servicing Modification that constitutes a reduction of the interest rate on a Mortgage Loan, the amount of the reduction in the interest portion of the Monthly Payment due during the related Due Period. The amount of each Realized Loss shall be evidenced by an Officers' Certificate. All Realized Losses, other than Excess Special Hazard Losses, Extraordinary Losses, Excess Bankruptcy Losses or Excess Fraud Losses, shall be allocated as follows: first, to the Class B-3 Certificates, until the Certificate Principal Balance thereof 30 has been reduced to zero; second, to the Class B-2 Certificates until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class B-1 Certificates until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-3 Certificates until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class M-2 Certificates until the Certificate Principal Balance thereof has been reduced to zero; sixth, to the Class M-1 Certificates until the Certificate Principal Balance thereof has been reduced to zero; and, thereafter, if any such Realized Losses are on a Discount Mortgage Loan, to the Class A-P Certificates in an amount equal to the Discount Fraction of the principal portion thereof, and the remainder of such Realized Losses on the Discount Mortgage Loans and the entire amount of such Realized Losses on Non-Discount Mortgage Loans will be allocated among all Senior Certificates (other than the Class A-P Certificates) on a pro rata basis, as described below. The principal portion of any Excess Special Hazard Losses, Excess Bankruptcy Losses, Excess Fraud Losses and Extraordinary Losses on Discount Mortgage Loans will be allocated to the Class A-P Certificates in an amount equal to the Discount Fraction thereof and the remainder of the principal portion of such Realized Losses on Discount Mortgage Loans and the entire amount of such Realized Losses on Non-Discount Mortgage Loans will be allocated among the Senior Certificates (other than the Class A-P Certificates) and Subordinate Certificates, on a pro rata basis, as described below. The interest portion of any Excess Special Hazard Losses, Excess Bankruptcy Losses, Excess Fraud Losses and Extraordinary Losses will be allocated to all the Certificates on a pro rata basis. As used herein, an allocation of a Realized Loss on a "pro rata basis" among two or more specified Classes of Certificates means an allocation on a pro rata basis, among the various Classes so specified, to each such Class of Certificates, on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date in the case of the principal portion of a Realized Loss or based on the Accrued Certificate Interest thereon payable on such Distribution Date (without regard to any Compensating Interest for such Distribution Date) in the case of an interest portion of a Realized Loss. Except as provided in the following sentence, any allocation of the principal portion of Realized Losses (other than Debt Service Reductions) to a Class of Certificates shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, which allocation shall be deemed to have occurred on such Distribution Date; provided that no such reduction shall reduce the aggregate Certificate Principal Balance of the Certificates below the aggregate Stated Principal Balance of the Mortgage Loans. Any allocation of the principal portion of Realized Losses (other than Debt Service Reductions) to the Subordinate Certificates then outstanding with the Lowest Priority shall be made by operation of the definition of "Certificate Principal Balance" and by operation of the provisions of Section 4.02(a). Allocations of the interest portions of Realized Losses (other than any interest rate reduction resulting from a Servicing Modification) shall be made in proportion to the amount of Accrued Certificate Interest and by operation of the definition of "Accrued Certificate Interest" and by operation of the provisions of Section 4.02(a). Allocations of the interest portion of a Realized Loss resulting from an interest rate reduction in connection with a Servicing Modification shall be made by operation of the provisions of Section 4.02(a). Allocations of the principal portion of Debt Service Reductions shall be made by operation of the provisions of Section 4.02(a). All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby; provided that if any Subclasses of the Class A-V Certificates have been issued pursuant to Section 5.01(c), such Realized Losses and other losses allocated to the Class A-V Certificates shall be allocated among such Subclasses in proportion to the respective amounts of Accrued Certificate Interest payable on such Distribution Date that would have resulted absent such reductions. 31 Section 4.06. Reports of Foreclosures and Abandonment of Mortgaged Property. (See Section 4.06 of the Standard Terms) Section 4.07. Optional Purchase of Defaulted Mortgage Loans. (See Section 4.07 of the Standard Terms) Section 4.08. Surety Bond. (See Section 4.08 of the Standard Terms) 32 ARTICLE V THE CERTIFICATES (SEE ARTICLE V OF THE STANDARD TERMS) 33 ARTICLE VI THE COMPANY AND THE MASTER SERVICER (SEE ARTICLE VI OF THE STANDARD TERMS) 34 ARTICLE VII DEFAULT (SEE ARTICLE VII OF THE STANDARD TERMS) 35 ARTICLE VIII CONCERNING THE TRUSTEE (SEE ARTICLE VIII OF THE STANDARD TERMS) 36 ARTICLE IX TERMINATION Section 9.01...Optional Purchase by the Master Servicer of All Certificates; Termination Upon Purchase by the Master Servicer or Liquidation of All Mortgage Loans. (a) Subject to Section 9.02, the respective obligations and responsibilities of the Company, the Master Servicer and the Trustee created hereby in respect of the Certificates (other than the obligation of the Trustee to make certain payments after the Final Distribution Date to Certificateholders and the obligation of the Company to send certain notices as hereinafter set forth) shall terminate upon the last action required to be taken by the Trustee on the Final Distribution Date pursuant to this Article IX following the earlier of: (i) the later of the final payment or other liquidation (or any Advance with respect thereto) of the last Mortgage Loan remaining in the Trust Fund or the disposition of all property acquired upon foreclosure or deed in lieu of foreclosure of any Mortgage Loan, or (ii) the purchase by the Master Servicer of all Mortgage Loans and all property acquired in respect of any Mortgage Loan remaining in the Trust Fund at a price equal to 100% of the unpaid principal balance of each Mortgage Loan or, if less than such unpaid principal balance, the fair market value of the related underlying property of such Mortgage Loan with respect to Mortgage Loans as to which title has been acquired if such fair market value is less than such unpaid principal balance (net of any unreimbursed Advances attributable to principal) on the day of repurchase plus accrued interest thereon at the Net Mortgage Rate (or Modified Net Mortgage Rate in the case of any Modified Mortgage Loan) to, but not including, the first day of the month in which such repurchase price is distributed, provided, however, that in no event shall the trust created hereby continue beyond the expiration of 21 years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador of the United States to the Court of St. James, living on the date hereof and provided further that the purchase price set forth above shall be increased as is necessary, as determined by the Master Servicer, to avoid disqualification of any portion of any REMIC formed under the Series Supplement as a REMIC. The purchase price paid by the Master Servicer shall also include any amounts owed by Residential Funding pursuant to the last paragraph of Section 4 of the Assignment Agreement in respect of any liability, penalty or expense that resulted from a breach of the representation and warranty set forth in clause (k) of such Section, that remain unpaid on the date of such purchase. The right of the Master Servicer to purchase all the assets of the Trust Fund pursuant to clause (ii) above is conditioned upon the Pool Stated Principal Balance as of the Final Distribution Date, prior to giving effect to distributions to be made on such Distribution Date, being less than ten percent of the Cut-off Date Principal Balance of the Mortgage Loans. 37 If such right is exercised by the Master Servicer, the Master Servicer shall be deemed to have been reimbursed for the full amount of any unreimbursed Advances theretofore made by it with respect to the Mortgage Loans. In addition, the Master Servicer shall provide to the Trustee the certification required by Section 3.15 and the Trustee and any Custodian shall, promptly following payment of the purchase price, release to the Master Servicer the Mortgage Files pertaining to the Mortgage Loans being purchased. In addition to the foregoing, on any Distribution Date on which the Pool Stated Principal Balance, prior to giving effect to distributions to be made on such Distribution Date, is less than ten percent of the Cut-off Date Principal Balance of the Mortgage Loans, the Master Servicer shall have the right, at its option, to purchase the Certificates in whole, but not in part, at a price equal to the outstanding Certificate Principal Balance of such Certificates plus the sum of Accrued Certificate Interest thereon for the related Interest Accrual Period and any previously unpaid Accrued Certificate Interest. If the Master Servicer exercises this right to purchase the outstanding Certificates, the Master Servicer will promptly terminate the respective obligations and responsibilities created hereby in respect of the Certificates pursuant to this Article IX. (b) - (e). (See Section 9.01(b) - (e) of the Standard Terms) Section 9.02. Additional Termination Requirements. (See Section 9.02 of the Standard Terms) Section 9.03. Termination of Multiple REMICs. (See Section 9.03 of the Standard Terms) 38 ARTICLE X REMIC PROVISIONS Section 10.01. REMIC Administration. (See Section 10.01 of the Standard Terms) Section 10.02. Master Servicer; REMIC Administrator and Trustee Indemnification. (See Section 10.02 of the Standard Terms) Section 10.03. Designation of REMIC. The REMIC Administrator will make an election to treat the entire segregated pool of assets described in the definition of Trust Fund, and subject to this Agreement (including the Mortgage Loans) as a REMIC for federal income tax purposes. The Class A-1, Class A-P, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates and the Uncertificated Class A-V REMIC Regular Interests, the rights in and to which will be represented by the Class A-V Certificates, will be "regular interests" in the REMIC, and the Class R Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law. On and after the date of issuance of any Subclass of Class A-V Certificates pursuant to Section 5.01(c), any such Subclass will represent the Uncertificated Class A-V REMIC Regular Interest or Interests specified by the initial Holder of the Class A-V Certificates pursuant to said Section. Section 10.04. [Reserved] Section 10.05. Compliance with Withholding Requirements. Notwithstanding any other provision of this Agreement, the Trustee or any Paying Agent, as applicable, shall comply with all federal withholding requirements respecting payments to Certificateholders, including interest or original issue discount payments or advances thereof that the Trustee or any Paying Agent, as applicable, reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for such withholding. In the event the Trustee or any Paying Agent, as applicable, does withhold any amount from interest or original issue discount payments or advances thereof to any Certificateholder pursuant to federal withholding requirements, the Trustee or any Paying Agent, as applicable, shall indicate the amount withheld to such Certificateholder pursuant to the terms of such requirements. 39 ARTICLE XI MISCELLANEOUS PROVISIONS Section 11.01. Amendment. (See Section 11.01 of the Standard Terms) Section 11.02. Recordation of Agreement; Counterparts. (See Section 11.02 of the Standard Terms) Section 11.03. Limitation on Rights of Certificateholders. (See Section 11.03 of the Standard Terms) Section 11.04. Governing Laws. (See Section 11.04 of the Standard Terms) Section 11.05. Notices. All demands and notices hereunder shall be in writing and shall be deemed to have been duly given if personally delivered at or mailed by registered mail, postage prepaid (except for notices to the Trustee which shall be deemed to have been duly given only when received), to the appropriate address for each recipient listed in the table below or, in each case, such other address as may hereafter be furnished in writing to the Master Servicer, the Trustee and the Company, as applicable:
---------------------------------- -------------------------------------------------------------- RECIPIENT ADDRESS ---------------------------------- -------------------------------------------------------------- ---------------------------------- -------------------------------------------------------------- Company 8400 Normandale Lake Boulevard Suite 250, Minneapolis, Minnesota 55437, Attention: President ---------------------------------- -------------------------------------------------------------- ---------------------------------- -------------------------------------------------------------- Master Servicer 2255 N. Ontario Street, Suite 400 ------------------------------------------------------------- Burbank, California 91504-2130, Attention: Managing Director/Master Servicing ---------------------------------- -------------------------------------------------------------- ---------------------------------- -------------------------------------------------------------- Trustee Corporate Trust Office 1761 East St. Andrew Place Santa Ana, California 92705-4934, Attention: Residential Accredit Loans, Inc. Series 2003-QS16 The Trustee designates its offices located at c/o DTC Transfer Services, 55 Water Street, Jeanette Street Park Entrance, New York, New York 10041, for the purposes of Section 8.12 of the Standard Terms ---------------------------------- -------------------------------------------------------------- ---------------------------------- -------------------------------------------------------------- Moody's Investors Service, Inc. 99 Church Street, 4th Floor New York, New York 10004 ---------------------------------- -------------------------------------------------------------- ---------------------------------- -------------------------------------------------------------- Fitch Ratings One State Street Plaza New York, New York 10004 ---------------------------------- --------------------------------------------------------------
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. 40 Section 11.06. Required Notices to Rating Agency and Subservicer. (See Section 11.06 of the Standard Terms) Section 11.07. Severability of Provisions. (See Section 11.07 of the Standard Terms) Section 11.08. Supplemental Provisions for Resecuritization. (See Section 11.08 of the Standard Terms) Section 11.09. Allocation of Voting Rights. 98.0% of all of the Voting Rights shall be allocated among Holders of Certificates, other than the Interest Only Certificates and Class R Certificates, in proportion to the outstanding Certificate Principal Balances of their respective Certificates; 1.0% of all Voting Rights shall be allocated among the Holders of the Class A-V Certificates, in accordance with their respective Percentage Interests; and 1.0% of all Voting Rights shall be allocated among the Holders of the Class R Certificates, in accordance with their respective Percentage Interests. Section 11.10. No Petition. The Depositor, Master Servicer and the Trustee, by entering into this Agreement, and each Certificateholder, by accepting a Certificate, hereby covenant and agree that they will not at any time institute against the Trust Fund, or join in any institution against the Trust Fund of, any bankruptcy proceedings under any United States federal or state bankruptcy or similar law in connection with any obligation with respect to the Certificates or this Agreement. 41 IN WITNESS WHEREOF, the Company, the Master Servicer and the Trustee have caused their names to be signed hereto by their respective officers thereunto duly authorized and their respective seals, duly attested, to be hereunto affixed, all as of the day and year first above written. RESIDENTIAL ACCREDIT LOANS, INC. [Seal] By://s/ Joseph Orning Name: Joseph Orning Title: Vice President Attest: //s/ Michael Mead_________ Name: Michael Mead Title: Vice President RESIDENTIAL FUNDING CORPORATION [Seal] By://s/ Michael Mead Name: Michael Mead Title: Associate Attest://s/ Joseph Orning________ Name: Joseph Orning Title: Vice President DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee [Seal] By://s/ Ronaldo Reyes Name: Ronaldo Reyes Title: Assistant Vice President By://s/Jeremy Conyers Name: Jeremy Conyers Title: Associate Attest://s/James F. Noriega________ Name: James F. Noriega Title: Associate 42 STATE OF MINNESOTA ) ) ss.: COUNTY OF HENNEPIN ) On 28th day of August, 2003 before me, a notary public in and for said State, personally appeared Joseph Orning, known to me to be a Vice President of Residential Accredit Loans, Inc., one of the corporations that executed the within instrument, and also known to me to be the person who executed it on behalf of said corporation, and acknowledged to me that such corporation executed the within instrument. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written. //s/ Brian S. Bangerter Notary Public [Notarial Seal] STATE OF MINNESOTA ) ) ss.: COUNTY OF HENNEPIN ) On the 28th day of August, 2003 before me, a notary public in and for said State, personally appeared Michael Mead, known to me to be an Associate of Residential Funding Corporation, one of the corporations that executed the within instrument, and also known to me to be the person who executed it on behalf of said corporation, and acknowledged to me that such corporation executed the within instrument. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written. //s/ Brian S. Bangerter Notary Public [Notarial Seal] STATE OF CALIFORNIA ) ) ss.: COUNTY OF ORANGE ) On the 28th day of August, 2003 before me, a notary public in and for said State, personally appeared Ronaldo Reyes, known to me to be a(n) Assistant Vice President of Deutsche Bank Trust Company Americas, the New York banking corporation that executed the within instrument, and also known to me to be the person who executed it on behalf of said banking corporation and acknowledged to me that such banking corporation executed the within instrument. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first, above written. //s/Brent Wayne Hoyler Notary Public [Notarial Seal] STATE OF CALIFORNIA ) ) ss.: COUNTY OF ORANGE ) On the 28th day of August, 2003 before me, a notary public in and for said State, personally appeared Jeremy Conyers, known to me to be a(n) Associate of Deutsche Bank Trust Company Americas, the New York banking corporation that executed the within instrument, and also known to me to be the person who executed it on behalf of said banking corporation and acknowledged to me that such banking corporation executed the within instrument. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written. //s/Brent Wayne Hoyler Notary Public [ [Notarial Seal] EXHIBIT ONE MORTGAGE LOAN SCHEDULE RUN ON : 08/22/03 RFC DISCLOSURE SYSTEM RFFSDFIX-01 AT : 09.03.02 FIXED PASSTHRU REPORT AMORTIZED BALANCE SERIES : RALI 2003-QS16 CUTOFF : 08/01/03 POOL : 0004728 : : POOL STATUS: F RFC LOAN NUMBER SUB SERV FEE PRINCIPAL BALANCE MSTR SERV FEE CURR NOTE RATE ALL EXP RFC NET RATE MISC EXP NET MTG RATE(INVSTR RATE) SPREAD POST STRIP RATE STRIP ------------------------------------------------------------------------- 8124987 .2500 100,464.09 .0800 6.7500 .0000 6.5000 .0000 6.4200 .0000 5.0000 1.4200 8276449 .2500 143,822.46 .0800 6.8750 .0000 6.6250 .0000 6.5450 .0000 5.0000 1.5450 8313947 .2500 110,600.44 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8373011 .2500 60,225.54 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8377848 .2500 53,111.21 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8378114 .2500 64,577.18 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 1 8378292 .2500 208,242.28 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8378328 .2500 137,478.30 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8378938 .2500 117,262.11 .0800 6.8900 .0000 6.6400 .0000 6.5600 .0000 5.0000 1.5600 8379140 .2500 49,617.24 .0300 4.7500 .0000 4.5000 .0000 4.4700 .0000 4.4700 .0000 8379492 .2500 108,060.83 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8379538 .2500 345,144.13 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8379708 .2500 103,275.37 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8379738 .2500 244,092.91 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 1 8379782 .2500 122,758.02 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8379900 .2500 92,676.78 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8379906 .2500 206,349.16 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8380446 .2500 89,272.80 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8381520 .2500 88,687.40 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8382656 .2500 156,355.42 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8382746 .2500 185,332.72 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8383460 .2500 147,100.96 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 1 8383592 .2500 99,641.25 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8388814 .2500 79,436.66 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8389136 .2500 992,578.45 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8389190 .2500 169,744.25 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8389626 .2500 39,854.98 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8389630 .2500 70,988.96 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8389752 .2500 107,616.62 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8389886 .2500 64,263.69 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 1 8389900 .2500 87,670.77 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8391338 .2500 577,178.65 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8391442 .2500 160,028.50 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8391506 .2500 80,172.45 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8391580 .2500 69,877.04 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8393200 .2500 444,744.28 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8393202 .2500 352,393.02 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8393552 .2500 180,137.59 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 1 8393580 .2500 49,329.79 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8393626 .2500 204,057.50 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8393830 .2500 109,554.94 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8393864 .2500 183,655.57 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8393886 .2500 81,307.26 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8398102 .2500 124,546.82 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8398240 .2500 117,173.64 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8398532 .2500 53,009.14 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 1 8398582 .2500 68,555.77 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8398928 .2500 300,905.11 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8398986 .2500 91,659.39 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8400460 .2500 92,164.64 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8401242 .2500 31,965.13 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8401292 .2500 119,574.02 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8402294 .2500 62,769.19 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8402536 .2500 67,257.84 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 1 8402576 .2500 128,337.93 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8403214 .2500 66,764.67 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8405384 .2500 191,772.26 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8406056 .2500 61,530.28 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8407328 .2500 215,814.72 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8407380 .2500 107,616.62 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8407536 .2500 159,438.01 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8407790 .2500 199,282.50 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 1 8408412 .2500 186,982.99 .0300 4.7500 .0000 4.5000 .0000 4.4700 .0000 4.4700 .0000 8408454 .2500 51,821.19 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8408608 .2500 126,678.91 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8409046 .2500 170,405.72 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8411120 .2500 478,204.19 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8411194 .2500 102,630.48 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8411906 .2500 97,951.05 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8412028 .2500 55,140.75 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 1 8412086 .2500 54,221.68 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8412104 .2500 136,298.80 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8412276 .2500 239,266.86 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8412796 .2500 59,784.75 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8412898 .2500 387,559.77 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8413558 .2500 142,600.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8413748 .2500 143,378.29 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8413872 .2500 45,064.51 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 1 8414130 .2500 199,290.04 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8414232 .2500 122,549.36 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8414358 .2500 138,496.05 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8415224 .2500 89,677.12 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8417654 .2500 104,600.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8418588 .2500 91,050.85 .0300 4.7500 .0000 4.5000 .0000 4.4700 .0000 4.4700 .0000 8419070 .2500 151,454.70 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8419248 .2500 275,465.54 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 1 8419312 .2500 622,361.42 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8419386 .2500 317,794.03 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8419538 .2500 123,545.69 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8419608 .2500 122,712.84 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8419656 .2500 190,000.00 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8419676 .2500 284,941.12 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8419736 .2500 96,640.87 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8420112 .2500 42,842.46 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 1 8420316 .2500 183,500.00 .0300 4.7500 .0000 4.5000 .0000 4.4700 .0000 4.4700 .0000 8420972 .2500 199,243.91 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8422506 .2500 37,057.28 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8423262 .2500 83,206.71 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8423394 .2500 83,711.16 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8423558 .2500 180,364.25 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8425526 .2500 267,028.37 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8426020 .2500 391,179.07 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 1 8426090 .2500 246,368.43 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8426176 .2500 113,105.23 .0800 6.6250 .0000 6.3750 .0000 6.2950 .0000 5.0000 1.2950 8426216 .2500 198,531.27 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8426232 .2500 188,891.45 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8426382 .2500 195,568.36 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8426414 .2500 350,862.51 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8426432 .2500 185,119.00 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8426536 .2500 395,806.05 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 1 8426548 .2500 156,260.40 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8426574 .2500 93,271.24 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8427368 .2500 637,605.59 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8427476 .2500 163,000.00 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8427550 .2500 104,638.95 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8427560 .2500 140,500.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8427582 .2500 52,000.00 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8427614 .2500 179,361.03 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 1 8427632 .2500 113,573.50 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8427674 .2500 88,449.51 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8427690 .2500 49,824.37 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8427790 .2500 93,950.87 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8427810 .2500 255,100.82 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8427832 .2500 192,767.29 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8427952 .2500 73,072.70 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8427982 .2500 268,000.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 1 8428030 .2500 87,800.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8428038 .2500 53,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8428052 .2500 117,700.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8428102 .2500 314,903.57 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8428128 .2500 103,708.04 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8428140 .2500 212,251.86 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8428148 .2500 44,669.55 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8428172 .2500 102,908.55 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 1 8428212 .2500 294,569.19 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8428222 .2500 99,896.71 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8428384 .2500 439,283.74 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8428434 .2500 413,931.44 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8428532 .2500 103,482.85 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8428686 .2500 81,917.38 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8428826 .2500 482,668.48 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8429206 .2500 115,951.57 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 1 8430292 .2500 88,800.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8430294 .2500 116,675.45 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8430298 .2500 83,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8430312 .2500 103,700.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8430330 .2500 75,050.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8430354 .2500 102,100.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8430444 .2500 117,000.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8430462 .2500 210,733.21 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 1 8430570 .2500 266,500.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8430592 .2500 233,907.09 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8430634 .2500 58,150.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8430636 .2500 57,600.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8430638 .2500 58,400.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8430764 .2500 129,997.53 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8430812 .2500 190,563.89 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8430972 .2500 313,060.87 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 1 8431058 .2500 156,910.75 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8431196 .2500 66,960.16 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8431300 .2500 378,622.31 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8432490 .2500 81,201.40 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8432560 .2500 45,000.00 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8432660 .2500 86,704.02 .0800 6.1250 .0000 5.8750 .0000 5.7950 .0000 5.0000 .7950 8433694 .2500 99,040.13 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8433698 .2500 164,223.88 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 1 8433700 .2500 163,800.90 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8433702 .2500 106,818.05 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8433704 .2500 46,486.51 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8433710 .2500 182,662.83 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8433712 .2500 397,212.90 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8433714 .2500 209,380.18 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8433716 .2500 43,699.84 .0800 6.1250 .0000 5.8750 .0000 5.7950 .0000 5.0000 .7950 8433718 .2500 128,579.70 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 1 8433720 .2500 364,103.66 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8433722 .2500 161,809.45 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8433724 .2500 19,862.10 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8433726 .2500 19,862.10 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8433728 .2500 230,382.89 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8433730 .2500 112,675.17 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8433732 .2500 229,491.62 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8433734 .2500 75,269.40 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 1 8433736 .2500 257,275.93 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8433738 .2500 120,907.20 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8433744 .2500 67,866.68 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8433748 .2500 65,780.98 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8433750 .2500 176,095.48 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8433752 .2500 155,718.96 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8433756 .2500 107,172.14 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8433758 .2500 353,140.14 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 1 8433762 .2500 141,091.95 .0800 6.6250 .0000 6.3750 .0000 6.2950 .0000 5.0000 1.2950 8433768 .2500 137,166.45 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8433772 .2500 237,485.46 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8433774 .2500 287,424.20 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8433776 .2500 174,707.52 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8433778 .2500 44,702.70 .0800 6.5000 .0000 6.2500 .0000 6.1700 .0000 5.0000 1.1700 8433782 .2500 54,392.81 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8433786 .2500 178,114.09 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 1 8433788 .2500 138,486.32 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8433790 .2500 119,673.65 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8433794 .2500 121,925.96 .0800 6.1250 .0000 5.8750 .0000 5.7950 .0000 5.0000 .7950 8433812 .2500 104,268.38 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8433814 .2500 420,686.08 .0800 6.2500 .0000 6.0000 .0000 5.9200 .0000 5.0000 .9200 8433818 .2500 173,642.21 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8433820 .2500 97,753.90 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8433822 .2500 112,300.99 .0800 6.5000 .0000 6.2500 .0000 6.1700 .0000 5.0000 1.1700 1 8433824 .2500 131,606.53 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8433826 .2500 98,952.20 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8433828 .2500 54,601.88 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8433830 .2500 56,409.06 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8433832 .2500 98,907.46 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8433834 .2500 109,829.36 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8433836 .2500 125,273.59 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8433838 .2500 41,954.63 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 1 8433840 .2500 75,572.43 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8433842 .2500 297,796.91 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8433844 .2500 148,645.84 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8433850 .2500 78,163.54 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8433852 .2500 134,595.98 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8433854 .2500 122,673.26 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8433856 .2500 184,289.86 .0800 6.1250 .0000 5.8750 .0000 5.7950 .0000 5.0000 .7950 8433860 .2500 117,516.86 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 1 8433866 .2500 332,290.72 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8433868 .2500 432,864.51 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8433870 .2500 166,190.37 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8433872 .2500 181,697.72 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8433880 .2500 253,345.40 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8433884 .2500 285,232.35 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8433886 .2500 172,803.11 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8433888 .2500 173,147.12 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 1 8433890 .2500 85,871.37 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8433892 .2500 179,242.33 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8433894 .2500 35,120.16 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8433900 .2500 180,052.68 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8433902 .2500 189,429.51 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8433904 .2500 225,116.49 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8433906 .2500 116,130.99 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8433908 .2500 154,299.63 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 1 8433910 .2500 101,906.83 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8433916 .2500 100,873.96 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8433918 .2500 111,141.15 .0800 6.1250 .0000 5.8750 .0000 5.7950 .0000 5.0000 .7950 8433920 .2500 511,822.86 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8433922 .2500 79,156.61 .0800 6.2500 .0000 6.0000 .0000 5.9200 .0000 5.0000 .9200 8433924 .2500 39,359.55 .0800 6.6250 .0000 6.3750 .0000 6.2950 .0000 5.0000 1.2950 8433926 .2500 117,550.82 .0800 6.2500 .0000 6.0000 .0000 5.9200 .0000 5.0000 .9200 8433928 .2500 98,995.65 .0800 6.3750 .0000 6.1250 .0000 6.0450 .0000 5.0000 1.0450 1 8433930 .2500 128,517.82 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8433934 .2500 59,377.94 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8433936 .2500 238,108.67 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8433938 .2500 58,995.57 .0800 6.7500 .0000 6.5000 .0000 6.4200 .0000 5.0000 1.4200 8433940 .2500 550,253.22 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8433942 .2500 118,781.90 .0800 6.2500 .0000 6.0000 .0000 5.9200 .0000 5.0000 .9200 8433944 .2500 179,370.26 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8433946 .2500 193,641.28 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 1 8433948 .2500 277,066.36 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8433950 .2500 235,455.29 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8433952 .2500 145,390.66 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8433956 .2500 166,925.49 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8433958 .2500 204,128.20 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8433960 .2500 145,723.44 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8433962 .2500 168,815.47 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8433966 .2500 82,843.43 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 1 8433970 .2500 142,500.12 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8434130 .2500 211,247.44 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8434132 .2500 64,769.26 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8434150 .2500 201,267.65 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8434186 .2500 154,414.03 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8434216 .2500 214,244.83 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8434234 .2500 107,444.03 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8434242 .2500 46,000.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 1 8434344 .2500 150,000.00 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8434482 .2500 107,604.31 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8434504 .2500 99,633.62 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8434562 .2500 87,069.58 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8434692 .2500 89,663.29 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8434754 .2500 49,682.29 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8434818 .2500 80,401.50 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8434864 .2500 114,569.76 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 1 8434954 .2500 268,491.73 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8435012 .2500 147,669.03 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8435102 .2500 273,981.85 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8435126 .2500 343,706.15 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8436276 .2500 183,130.90 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8436326 .2500 127,098.65 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8436430 .2500 63,122.09 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8436450 .2500 237,350.51 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 1 8436812 .2500 160,834.98 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8437386 .2500 375,000.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8437466 .2500 98,455.18 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8438868 .2500 52,012.73 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8438926 .2500 105,261.41 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8438966 .2500 59,084.50 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8439124 .2500 79,436.66 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8439242 .2500 89,359.54 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 1 8439346 .2500 99,008.38 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8439646 .2500 191,229.40 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8439678 .2500 83,701.81 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8439742 .2500 212,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8439822 .2500 75,050.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8439866 .2500 231,777.38 .0300 4.7500 .0000 4.5000 .0000 4.4700 .0000 4.4700 .0000 8440026 .2500 321,530.06 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8440494 .2500 157,400.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 1 8440552 .2500 139,403.38 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8440570 .2500 29,815.69 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8440596 .2500 43,000.00 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8440614 .2500 446,375.78 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8440746 .2500 84,707.72 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8440750 .2500 68,800.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8440790 .2500 107,110.26 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8440808 .2500 191,700.00 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 1 8440820 .2500 125,600.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8440890 .2500 95,200.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8440930 .2500 218,037.26 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8440976 .2500 215,249.32 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8441046 .2500 443,884.85 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8441192 .2500 94,827.51 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8441524 .2500 148,898.46 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8441644 .2500 44,840.26 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 1 8441762 .2500 50,217.28 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8442386 .2500 175,381.81 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8443046 .2500 202,239.12 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8443102 .2500 215,997.33 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8443968 .2500 66,171.68 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8444080 .2500 881,757.56 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8444208 .2500 203,305.73 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8444774 .2500 99,366.33 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 1 8444786 .2500 119,100.23 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8444812 .2500 156,418.73 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8444902 .2500 112,000.00 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8445850 .2500 49,130.48 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8446050 .2500 230,000.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8446214 .2500 39,871.04 .0800 6.7500 .0000 6.5000 .0000 6.4200 .0000 5.0000 1.4200 8446852 .2500 40,266.90 .0800 6.5000 .0000 6.2500 .0000 6.1700 .0000 5.0000 1.1700 8447076 .2500 104,550.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 1 8448066 .2500 56,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8448116 .2500 100,000.00 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8448178 .2500 177,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8448226 .2500 50,000.00 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8448290 .2500 204,250.00 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8448412 .2500 260,641.56 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8449182 .2500 124,000.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8449220 .2500 104,607.17 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 1 8449328 .2500 53,900.00 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8449376 .2500 90,437.94 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8449426 .2500 498,148.82 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8449450 .2500 220,198.77 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8449692 .2500 56,646.04 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8449698 .2500 77,708.18 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8449774 .2500 117,576.67 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8449888 .2500 182,336.53 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 1 8450966 .2500 201,600.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8451038 .2500 51,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8451046 .2500 35,700.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8451302 .2500 128,527.38 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8451504 .2500 40,351.62 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8451674 .2500 199,267.24 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8451754 .2500 596,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8451786 .2500 185,000.00 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 1 8451988 .2500 194,507.08 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8452014 .2500 124,967.77 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8452036 .2500 112,070.25 .0300 4.7500 .0000 4.5000 .0000 4.4700 .0000 4.4700 .0000 8452066 .2500 398,549.81 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8452518 .2500 407,437.62 .0300 4.7500 .0000 4.5000 .0000 4.4700 .0000 4.4700 .0000 8452520 .2500 580,772.95 .0300 4.7500 .0000 4.5000 .0000 4.4700 .0000 4.4700 .0000 8452528 .2500 350,655.36 .0300 4.7500 .0000 4.5000 .0000 4.4700 .0000 4.4700 .0000 8452546 .2500 946,371.01 .0300 4.7500 .0000 4.5000 .0000 4.4700 .0000 4.4700 .0000 1 8452550 .2500 372,188.19 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8452566 .2500 448,298.79 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8452606 .2500 415,407.06 .0300 4.7500 .0000 4.5000 .0000 4.4700 .0000 4.4700 .0000 8452608 .2500 557,860.81 .0300 4.7500 .0000 4.5000 .0000 4.4700 .0000 4.4700 .0000 8452610 .2500 450,273.36 .0300 4.7500 .0000 4.5000 .0000 4.4700 .0000 4.4700 .0000 8452620 .2500 560,351.25 .0300 4.7500 .0000 4.5000 .0000 4.4700 .0000 4.4700 .0000 8452624 .2500 410,426.16 .0300 4.7500 .0000 4.5000 .0000 4.4700 .0000 4.4700 .0000 8452630 .2500 361,627.69 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 1 8452632 .2500 359,137.13 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8452692 .2500 77,717.22 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8452818 .2500 126,000.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8452904 .2500 68,539.90 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8454778 .2500 458,029.96 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8455480 .2500 142,497.72 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8455688 .2500 59,386.19 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8456046 .2500 150,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 1 8456142 .2500 93,500.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8456372 .2500 35,000.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8456408 .2500 349,000.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8456410 .2500 172,000.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8456472 .2500 235,000.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8456674 .2500 65,000.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8458692 .2500 91,800.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8458900 .2500 39,856.50 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 1 8459046 .2500 69,735.37 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8459092 .2500 59,775.52 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8459268 .2500 113,885.61 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8459356 .2500 55,690.87 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8459468 .2500 57,900.22 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8459534 .2500 118,500.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8459998 .2500 80,896.21 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8460036 .2500 54,700.00 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 1 8460052 .2500 149,456.18 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8460310 .2500 557,882.93 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8461228 .2500 185,500.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8461272 .2500 355,000.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8461304 .2500 70,600.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8461324 .2500 97,600.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8461326 .2500 105,500.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8461328 .2500 108,300.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 1 8461456 .2500 124,532.34 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8461674 .2500 904,140.10 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8461770 .2500 49,820.63 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8461932 .2500 45,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8461964 .2500 59,793.69 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8462014 .2500 133,907.59 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8462156 .2500 80,000.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8462162 .2500 322,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 1 8462172 .2500 49,200.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8462174 .2500 90,900.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8462238 .2500 54,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8462244 .2500 72,000.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8462260 .2500 360,000.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8462266 .2500 59,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8462316 .2500 108,000.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8462370 .2500 80,000.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 1 8462382 .2500 322,700.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8462422 .2500 249,600.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8462466 .2500 156,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8462470 .2500 113,000.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8462486 .2500 94,500.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8462492 .2500 166,200.00 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8462690 .2500 113,608.00 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8462940 .2500 71,741.70 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 1 8463582 .2500 95,295.02 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8463690 .2500 424,000.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8463740 .2500 103,427.61 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8463742 .2500 80,460.31 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8463752 .2500 67,753.46 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8464074 .2500 198,677.08 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8464178 .2500 99,621.95 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8464192 .2500 321,492.68 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 1 8464210 .2500 136,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8464226 .2500 246,095.05 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8464280 .2500 235,126.24 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8464298 .2500 389,537.16 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8464302 .2500 286,424.38 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8464322 .2500 95,409.16 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8464340 .2500 94,629.51 .0300 4.5000 .0000 4.2500 .0000 4.2200 .0000 4.2200 .0000 8464384 .2500 61,267.50 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 1 8464390 .2500 179,298.01 .0300 4.5000 .0000 4.2500 .0000 4.2200 .0000 4.2200 .0000 8464406 .2500 321,467.28 .0300 4.7500 .0000 4.5000 .0000 4.4700 .0000 4.4700 .0000 8464424 .2500 114,583.06 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8464426 .2500 152,427.58 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8464434 .2500 131,914.92 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8464458 .2500 110,406.63 .0300 4.7500 .0000 4.5000 .0000 4.4700 .0000 4.4700 .0000 8464468 .2500 179,326.57 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8464484 .2500 93,655.60 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 1 8464510 .2500 98,000.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8464546 .2500 85,000.00 .0300 4.7500 .0000 4.5000 .0000 4.4700 .0000 4.4700 .0000 8464568 .2500 201,236.35 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8464680 .2500 189,251.33 .0300 4.3750 .0000 4.1250 .0000 4.0950 .0000 4.0950 .0000 8464684 .2500 102,817.91 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8464692 .2500 125,000.00 .0300 4.6250 .0000 4.3750 .0000 4.3450 .0000 4.3450 .0000 8464740 .2500 78,750.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8464752 .2500 321,480.04 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 1 8464766 .2500 190,000.00 .0300 4.7500 .0000 4.5000 .0000 4.4700 .0000 4.4700 .0000 8464818 .2500 210,000.00 .0300 4.3750 .0000 4.1250 .0000 4.0950 .0000 4.0950 .0000 8464820 .2500 114,546.86 .0300 4.3750 .0000 4.1250 .0000 4.0950 .0000 4.0950 .0000 8464824 .2500 188,307.55 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8464850 .2500 168,000.00 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8464854 .2500 115,561.46 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8464872 .2500 320,769.96 .0300 4.7500 .0000 4.5000 .0000 4.4700 .0000 4.4700 .0000 8464876 .2500 190,000.00 .0300 4.6250 .0000 4.3750 .0000 4.3450 .0000 4.3450 .0000 1 8464890 .2500 322,700.00 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8464976 .2500 298,900.87 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8464984 .2500 193,274.19 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8465006 .2500 190,982.80 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8465328 .2500 137,226.51 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8465742 .2500 117,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8465780 .2500 119,300.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8465808 .2500 55,600.00 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 1 8465908 .2500 41,446.30 .0300 5.1500 .0000 4.9000 .0000 4.8700 .0000 4.8700 .0000 8466200 .2500 39,868.23 .0800 6.5000 .0000 6.2500 .0000 6.1700 .0000 5.0000 1.1700 8466254 .2500 110,801.07 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8467154 .2500 92,666.36 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8467186 .2500 107,608.45 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8467386 .2500 245,700.00 .0300 4.7500 .0000 4.5000 .0000 4.4700 .0000 4.4700 .0000 8467820 .2500 94,168.07 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8468222 .2500 50,000.00 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 1 8468246 .2500 322,000.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8468264 .2500 139,500.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8468492 .2500 87,200.00 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8468510 .2500 77,400.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8468620 .2500 93,500.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8468640 .2500 76,500.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8468646 .2500 75,000.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8468648 .2500 76,500.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 1 8468760 .2500 300,000.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8469066 .2500 80,000.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8469076 .2500 125,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8469176 .2500 210,000.00 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8469208 .2500 97,633.35 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8469834 .2500 73,344.21 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8471052 .2500 199,267.24 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8471054 .2500 96,391.79 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 1 8471060 .2500 112,500.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8471290 .2500 132,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8471568 .2500 129,513.64 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8471570 .2500 63,000.00 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8471752 .2500 372,629.75 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8471800 .2500 112,000.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8471822 .2500 72,500.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8471958 .2500 93,600.00 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 1 8471968 .2500 69,600.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8472098 .2500 152,456.88 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8472172 .2500 165,150.00 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8472188 .2500 71,250.00 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8472210 .2500 380,500.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8472372 .2500 66,500.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8472434 .2500 40,500.00 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8472468 .2500 81,000.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 1 8472580 .2500 197,500.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8472620 .2500 500,000.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8472654 .2500 118,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8472688 .2500 374,500.00 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8472768 .2500 100,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8472808 .2500 60,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8472816 .2500 650,000.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8472880 .2500 170,739.18 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 1 8472968 .2500 120,000.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8473428 .2500 73,742.82 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8473774 .2500 65,573.74 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8473784 .2500 104,400.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8473792 .2500 75,000.00 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8473812 .2500 118,056.66 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8473828 .2500 260,521.65 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8476182 .2500 129,000.00 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 1 8476222 .2500 149,936.94 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8476226 .2500 270,750.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8476248 .2500 67,761.15 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8476260 .2500 163,392.81 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8476298 .2500 63,979.24 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8476766 .2500 49,829.90 .0800 6.1250 .0000 5.8750 .0000 5.7950 .0000 5.0000 .7950 8476912 .2500 103,500.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8476938 .2500 120,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 1 8477490 .2500 140,000.00 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8477710 .2500 68,000.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8477718 .2500 97,600.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8477794 .2500 108,000.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8477798 .2500 177,000.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8478454 .2500 69,746.21 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8478858 .2500 125,500.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8478934 .2500 49,824.37 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 1 8478938 .2500 155,000.00 .0300 4.6250 .0000 4.3750 .0000 4.3450 .0000 4.3450 .0000 8478942 .2500 129,000.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8478952 .2500 219,500.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8478958 .2500 270,000.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8478960 .2500 115,000.00 .0300 4.7500 .0000 4.5000 .0000 4.4700 .0000 4.4700 .0000 8478964 .2500 200,000.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8478974 .2500 195,000.00 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8478986 .2500 263,200.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 1 8479096 .2500 54,808.85 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8479706 .2500 158,500.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8479722 .2500 290,800.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8479802 .2500 59,050.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8479888 .2500 163,323.90 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8479894 .2500 300,000.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8479968 .2500 450,000.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8479992 .2500 145,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 1 8480004 .2500 142,000.00 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8480082 .2500 124,000.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8480182 .2500 170,000.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8480220 .2500 211,000.00 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8480224 .2500 112,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8481196 .2500 94,000.00 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8481362 .2500 398,503.50 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8481664 .2500 240,000.00 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 1 8481692 .2500 156,922.95 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8482490 .2500 264,049.31 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8482588 .2500 149,473.13 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8482810 .2500 377,127.75 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8482886 .2500 200,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8483014 .2500 124,053.35 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8484148 .2500 504,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8484242 .2500 1,000,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 1 8485794 .2500 43,300.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8485822 .2500 235,200.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8485844 .2500 91,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8485996 .2500 63,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8486066 .2500 92,000.00 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8486126 .2500 166,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8486180 .2500 90,900.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8486326 .2500 500,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 1 8486336 .2500 75,200.00 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8486338 .2500 119,560.35 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8486486 .2500 60,000.00 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8486550 .2500 208,500.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8486598 .2500 56,400.00 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8486642 .2500 112,500.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8486716 .2500 138,878.46 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8486718 .2500 236,200.00 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 1 8486752 .2500 256,500.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8486762 .2500 59,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8486814 .2500 175,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8486972 .2500 85,376.02 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8487030 .2500 95,736.70 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8487182 .2500 182,250.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8487218 .2500 210,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8487246 .2500 105,860.72 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 1 8487252 .2500 211,721.45 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8487314 .2500 45,809.03 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8487332 .2500 188,900.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8487334 .2500 188,982.85 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8488026 .2500 59,775.52 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8488610 .2500 168,000.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8488692 .2500 297,000.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8488706 .2500 320,000.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 1 8488708 .2500 90,100.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8488712 .2500 149,010.00 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8488814 .2500 76,500.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8488888 .2500 112,187.46 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8488894 .2500 103,200.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8489092 .2500 95,381.77 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8489126 .2500 100,800.00 .0300 4.7500 .0000 4.5000 .0000 4.4700 .0000 4.4700 .0000 8489140 .2500 150,000.00 .0300 4.6250 .0000 4.3750 .0000 4.3450 .0000 4.3450 .0000 1 8489168 .2500 107,413.26 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8489606 .2500 131,350.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8489608 .2500 149,461.87 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8489646 .2500 113,000.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8489694 .2500 89,926.23 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8489864 .2500 85,500.00 .0300 4.7500 .0000 4.5000 .0000 4.4700 .0000 4.4700 .0000 8489928 .2500 344,000.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8489936 .2500 190,000.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 1 8489972 .2500 157,408.88 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8489980 .2500 96,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8490010 .2500 137,022.14 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8490354 .2500 297,000.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8490642 .2500 130,000.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8490744 .2500 128,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8490764 .2500 72,980.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8490796 .2500 54,735.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 1 8490820 .2500 108,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8490976 .2500 178,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8491048 .2500 68,500.00 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8491128 .2500 158,500.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8491196 .2500 172,500.00 .0800 6.7500 .0000 6.5000 .0000 6.4200 .0000 5.0000 1.4200 8491292 .2500 71,950.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8491340 .2500 108,000.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8491456 .2500 53,400.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 1 8491464 .2500 140,000.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8491570 .2500 139,470.73 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8492166 .2500 199,500.00 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8492180 .2500 403,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8492306 .2500 49,850.00 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8494618 .2500 246,000.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8494704 .2500 115,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8494926 .2500 104,200.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 1 8495082 .2500 103,000.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8495142 .2500 112,600.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8495146 .2500 70,200.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8495212 .2500 110,000.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8495260 .2500 580,000.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8495352 .2500 82,000.00 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8495422 .2500 148,000.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8495446 .2500 399,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 1 8495614 .2500 76,100.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8495618 .2500 230,000.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8496714 .2500 100,000.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8497132 .2500 180,000.00 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8497256 .2500 137,600.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8497262 .2500 220,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8497346 .2500 99,656.14 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8497352 .2500 144,000.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 1 8497436 .2500 320,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8497460 .2500 322,700.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8497652 .2500 58,700.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8498870 .2500 94,500.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8498928 .2500 172,950.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8498946 .2500 76,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8498952 .2500 128,100.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8498964 .2500 119,000.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 1 8498976 .2500 295,000.00 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8499146 .2500 118,000.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8499806 .2500 52,000.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8500114 .2500 100,600.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8500344 .2500 49,816.81 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8500424 .2500 375,000.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8500472 .2500 112,000.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8500514 .2500 105,000.00 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 1 8500534 .2500 148,500.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8500726 .2500 119,551.05 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8500732 .2500 750,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8500770 .2500 60,500.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8500816 .2500 156,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8500830 .2500 145,600.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8500844 .2500 253,000.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8500864 .2500 106,500.00 .0300 4.5000 .0000 4.2500 .0000 4.2200 .0000 4.2200 .0000 1 8500882 .2500 322,700.00 .0300 4.6250 .0000 4.3750 .0000 4.3450 .0000 4.3450 .0000 8500888 .2500 83,000.00 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8501130 .2500 85,000.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8501144 .2500 322,700.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8501160 .2500 203,250.00 .0300 4.6250 .0000 4.3750 .0000 4.3450 .0000 4.3450 .0000 8501176 .2500 144,500.00 .0300 4.3750 .0000 4.1250 .0000 4.0950 .0000 4.0950 .0000 8501180 .2500 264,000.00 .0300 4.5000 .0000 4.2500 .0000 4.2200 .0000 4.2200 .0000 8501182 .2500 116,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 1 8501188 .2500 255,000.00 .0300 4.3750 .0000 4.1250 .0000 4.0950 .0000 4.0950 .0000 8501190 .2500 133,000.00 .0300 4.5000 .0000 4.2500 .0000 4.2200 .0000 4.2200 .0000 8501192 .2500 130,000.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8501194 .2500 200,000.00 .0300 4.7500 .0000 4.5000 .0000 4.4700 .0000 4.4700 .0000 8501196 .2500 117,500.00 .0300 4.3750 .0000 4.1250 .0000 4.0950 .0000 4.0950 .0000 8501198 .2500 300,000.00 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8501200 .2500 192,000.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8501236 .2500 81,000.00 .0300 4.6250 .0000 4.3750 .0000 4.3450 .0000 4.3450 .0000 1 8501242 .2500 124,000.00 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8501258 .2500 270,000.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8501294 .2500 131,800.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8502026 .2500 138,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8502034 .2500 79,300.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8502054 .2500 99,200.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8502170 .2500 124,500.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8502318 .2500 40,000.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 1 8502320 .2500 40,000.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8502404 .2500 88,350.00 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8502434 .2500 75,000.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8502452 .2500 144,800.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8502688 .2500 236,600.00 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8502738 .2500 41,000.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8503348 .2500 266,500.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8503576 .2500 118,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 1 8503772 .2500 50,000.00 .0800 6.5000 .0000 6.2500 .0000 6.1700 .0000 5.0000 1.1700 8503874 .2500 119,718.86 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8503886 .2500 74,722.31 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8503892 .2500 99,168.69 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8503898 .2500 49,820.62 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8503900 .2500 57,086.50 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8503908 .2500 109,622.58 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8503922 .2500 15,085.57 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 1 8503930 .2500 201,175.32 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8503932 .2500 175,145.53 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8503940 .2500 47,746.77 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8503944 .2500 67,507.20 .0800 6.1250 .0000 5.8750 .0000 5.7950 .0000 5.0000 .7950 8503952 .2500 982,181.85 .0800 6.6250 .0000 6.3750 .0000 6.2950 .0000 5.0000 1.2950 8503956 .2500 198,576.73 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8503964 .2500 54,401.75 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8503974 .2500 160,090.37 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 1 8503976 .2500 47,343.51 .0800 6.5000 .0000 6.2500 .0000 6.1700 .0000 5.0000 1.1700 8503978 .2500 158,825.02 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8503986 .2500 276,739.57 .0800 6.3750 .0000 6.1250 .0000 6.0450 .0000 5.0000 1.0450 8503994 .2500 234,284.93 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8503996 .2500 294,818.95 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8504006 .2500 55,803.30 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8504014 .2500 53,582.25 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8504016 .2500 372,107.80 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 1 8504020 .2500 70,991.19 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8504028 .2500 141,490.57 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8504038 .2500 91,456.55 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8504042 .2500 113,667.89 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8504052 .2500 112,808.46 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8504056 .2500 113,188.14 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8504064 .2500 158,919.92 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8504070 .2500 131,541.25 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 1 8504072 .2500 258,207.47 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8504080 .2500 147,474.62 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8504088 .2500 161,017.55 .0800 6.3750 .0000 6.1250 .0000 6.0450 .0000 5.0000 1.0450 8504092 .2500 104,623.31 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8504098 .2500 50,839.46 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8504106 .2500 143,494.20 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8504116 .2500 39,860.98 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8504122 .2500 99,280.84 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 1 8504128 .2500 89,315.99 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8504134 .2500 43,049.86 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8504138 .2500 354,292.48 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8504142 .2500 84,030.39 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8504152 .2500 348,395.83 .0800 6.5000 .0000 6.2500 .0000 6.1700 .0000 5.0000 1.1700 8504156 .2500 55,874.36 .0800 6.3750 .0000 6.1250 .0000 6.0450 .0000 5.0000 1.0450 8504160 .2500 194,289.47 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8504164 .2500 77,479.14 .0800 6.3750 .0000 6.1250 .0000 6.0450 .0000 5.0000 1.0450 1 8504170 .2500 52,149.41 .0800 6.3750 .0000 6.1250 .0000 6.0450 .0000 5.0000 1.0450 8504182 .2500 49,169.44 .0800 6.3750 .0000 6.1250 .0000 6.0450 .0000 5.0000 1.0450 8504186 .2500 114,646.87 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8504190 .2500 124,560.94 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8504196 .2500 226,774.84 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8504202 .2500 37,246.89 .0800 6.2500 .0000 6.0000 .0000 5.9200 .0000 5.0000 .9200 8504204 .2500 130,996.78 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8504210 .2500 188,528.39 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 1 8504214 .2500 284,762.12 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8504222 .2500 43,196.90 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8504224 .2500 43,206.40 .0800 6.2500 .0000 6.0000 .0000 5.9200 .0000 5.0000 .9200 8504230 .2500 92,365.58 .0800 6.1250 .0000 5.8750 .0000 5.7950 .0000 5.0000 .7950 8504234 .2500 168,815.47 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8504246 .2500 131,080.25 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8504254 .2500 110,913.19 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8504262 .2500 58,159.60 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 1 8504264 .2500 35,746.49 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8504266 .2500 63,568.02 .0800 6.2500 .0000 6.0000 .0000 5.9200 .0000 5.0000 .9200 8504274 .2500 123,690.35 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8504282 .2500 139,003.51 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8504284 .2500 58,203.43 .0800 6.2500 .0000 6.0000 .0000 5.9200 .0000 5.0000 .9200 8504288 .2500 158,774.03 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8504290 .2500 65,535.23 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8504300 .2500 133,534.10 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 1 8504302 .2500 81,711.98 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8504306 .2500 91,676.85 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8504314 .2500 56,420.70 .0800 6.3750 .0000 6.1250 .0000 6.0450 .0000 5.0000 1.0450 8504316 .2500 109,006.06 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8504318 .2500 55,121.40 .0800 6.1250 .0000 5.8750 .0000 5.7950 .0000 5.0000 .7950 8504334 .2500 448,436.08 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8504340 .2500 130,592.39 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8504346 .2500 49,655.28 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 1 8504356 .2500 148,863.55 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8504370 .2500 22,348.12 .0800 6.2500 .0000 6.0000 .0000 5.9200 .0000 5.0000 .9200 8504374 .2500 81,599.64 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8504382 .2500 128,098.13 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8504390 .2500 95,485.00 .0800 6.2500 .0000 6.0000 .0000 5.9200 .0000 5.0000 .9200 8504400 .2500 141,345.81 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8504404 .2500 268,428.68 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8504418 .2500 282,471.80 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 1 8504422 .2500 107,231.42 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8504432 .2500 228,854.32 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8504442 .2500 131,080.25 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8504454 .2500 59,940.20 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8504468 .2500 84,977.93 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8504472 .2500 115,060.96 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8504486 .2500 175,388.34 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8504494 .2500 63,819.66 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 1 8504504 .2500 59,590.70 .0800 6.1250 .0000 5.8750 .0000 5.7950 .0000 5.0000 .7950 8504514 .2500 48,665.73 .0800 6.1250 .0000 5.8750 .0000 5.7950 .0000 5.0000 .7950 8504524 .2500 45,686.20 .0800 6.1250 .0000 5.8750 .0000 5.7950 .0000 5.0000 .7950 8504536 .2500 46,580.06 .0800 6.1250 .0000 5.8750 .0000 5.7950 .0000 5.0000 .7950 8504544 .2500 99,652.46 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8504556 .2500 139,003.71 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8504566 .2500 31,926.27 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8505546 .2500 58,500.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 1 8505690 .2500 141,600.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8505770 .2500 92,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8505778 .2500 80,000.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8505916 .2500 115,000.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8505958 .2500 385,000.00 .0300 4.7500 .0000 4.5000 .0000 4.4700 .0000 4.4700 .0000 8506008 .2500 106,200.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8506064 .2500 159,000.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8506088 .2500 60,000.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 1 8506446 .2500 77,200.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8506454 .2500 91,300.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8506492 .2500 200,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8506498 .2500 88,800.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8506572 .2500 142,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8506628 .2500 80,700.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8506630 .2500 95,700.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8506642 .2500 221,900.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 1 8506726 .2500 230,000.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8506770 .2500 75,400.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8506804 .2500 150,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8506808 .2500 58,300.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8506854 .2500 167,000.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8506898 .2500 39,950.00 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8506924 .2500 71,000.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8506978 .2500 126,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 1 8507128 .2500 150,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8507160 .2500 92,550.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8507218 .2500 135,000.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8507234 .2500 65,000.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8507244 .2500 140,000.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8507314 .2500 100,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8507422 .2500 400,000.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8507426 .2500 137,200.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 1 8507718 .2500 255,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8507772 .2500 248,500.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8507822 .2500 101,500.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8507842 .2500 100,600.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8507864 .2500 116,600.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8507926 .2500 192,000.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8508008 .2500 109,000.00 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8508020 .2500 115,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 1 8508028 .2500 76,000.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8508208 .2500 103,000.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8508294 .2500 279,000.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8508370 .2500 128,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8508606 .2500 105,200.00 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8508734 .2500 108,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8508766 .2500 46,000.00 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8508806 .2500 163,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 1 8508898 .2500 390,563.79 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8508914 .2500 114,600.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8509010 .2500 166,650.00 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8509086 .2500 207,453.08 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8509140 .2500 422,462.79 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8509152 .2500 368,000.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8509170 .2500 203,275.83 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8509358 .2500 245,000.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 1 8509392 .2500 142,800.00 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8509446 .2500 88,000.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8509726 .2500 203,600.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8509906 .2500 42,350.00 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8509922 .2500 79,550.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8509932 .2500 194,150.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8509946 .2500 55,900.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8509980 .2500 98,500.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 1 8510010 .2500 69,500.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8510014 .2500 72,300.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8510048 .2500 155,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8510054 .2500 840,000.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8510102 .2500 72,000.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8510126 .2500 91,700.00 .0300 4.7500 .0000 4.5000 .0000 4.4700 .0000 4.4700 .0000 8510408 .2500 238,000.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8510586 .2500 183,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 1 8510614 .2500 152,750.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8510656 .2500 334,800.00 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8510772 .2500 81,600.00 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8511088 .2500 36,000.00 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8511364 .2500 72,000.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8511474 .2500 156,800.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8511634 .2500 146,100.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8512850 .2500 124,800.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 1 8513080 .2500 100,131.79 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8513498 .2500 140,000.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8513672 .2500 135,500.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8515208 .2500 103,350.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8515286 .2500 110,000.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8515388 .2500 80,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8515414 .2500 309,050.00 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8515426 .2500 111,500.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 1 8515436 .2500 142,550.00 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8515486 .2500 160,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8515548 .2500 122,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8515584 .2500 80,000.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8515630 .2500 416,000.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8515670 .2500 53,600.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8515674 .2500 200,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8515694 .2500 40,000.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 1 8515760 .2500 120,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8515788 .2500 39,900.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8515862 .2500 246,500.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8516372 .2500 101,250.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8516742 .2500 108,000.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8517070 .2500 92,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8517392 .2500 213,800.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8517458 .2500 83,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 1 8517722 .2500 122,500.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8517746 .2500 121,500.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8517792 .2500 80,100.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8517928 .2500 168,000.00 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8517958 .2500 77,700.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8518012 .2500 215,000.00 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8518944 .2500 105,000.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8519370 .2500 158,900.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 1 8519478 .2500 88,000.00 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8519566 .2500 81,942.27 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8519628 .2500 156,000.00 .0800 6.2500 .0000 6.0000 .0000 5.9200 .0000 5.0000 .9200 8519728 .2500 84,000.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8519800 .2500 75,000.00 .0300 4.7500 .0000 4.5000 .0000 4.4700 .0000 4.4700 .0000 8519992 .2500 227,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8520058 .2500 49,000.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8520244 .2500 80,100.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 1 8520780 .2500 44,841.94 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8520852 .2500 116,593.38 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8520858 .2500 380,600.43 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8520860 .2500 251,783.84 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8522250 .2500 145,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8522492 .2500 112,000.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8522520 .2500 124,500.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8522730 .2500 55,800.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 1 8522826 .2500 225,000.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8522910 .2500 160,000.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8523316 .2500 88,400.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8523341 .2500 36,138.07 .0800 6.5000 .0000 6.2500 .0000 6.1700 .0000 5.0000 1.1700 8523508 .2500 32,000.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8524172 .2500 211,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8524526 .2500 100,000.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8524564 .2500 85,250.00 .0300 4.7500 .0000 4.5000 .0000 4.4700 .0000 4.4700 .0000 1 8525144 .2500 36,000.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8525222 .2500 315,000.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8525226 .2500 27,000.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8525294 .2500 77,500.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8525322 .2500 48,000.00 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8525344 .2500 213,722.33 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8525532 .2500 229,000.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8525542 .2500 145,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 1 8525668 .2500 61,000.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8525678 .2500 110,000.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8525928 .2500 104,900.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8525938 .2500 344,974.64 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8526086 .2500 58,000.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8526462 .2500 57,000.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8526928 .2500 75,460.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8526984 .2500 224,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 1 8527142 .2500 180,000.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8527160 .2500 70,400.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8527220 .2500 176,000.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8527236 .2500 68,000.00 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8527240 .2500 50,400.00 .0800 6.3750 .0000 6.1250 .0000 6.0450 .0000 5.0000 1.0450 8527244 .2500 176,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8527270 .2500 170,000.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8527272 .2500 147,650.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 1 8527288 .2500 65,000.00 .0800 6.3750 .0000 6.1250 .0000 6.0450 .0000 5.0000 1.0450 8527304 .2500 76,000.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8527334 .2500 52,885.00 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8527380 .2500 70,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8527398 .2500 122,400.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8527494 .2500 47,500.00 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8527498 .2500 224,000.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8527544 .2500 180,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 1 8527754 .2500 90,100.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8527772 .2500 59,284.28 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8527804 .2500 480,000.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8527808 .2500 50,000.00 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8527902 .2500 180,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8528048 .2500 37,867.93 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8528452 .2500 141,000.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8528532 .2500 160,500.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 1 8528608 .2500 63,000.00 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8529827 .2500 270,040.98 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8530722 .2500 90,800.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8530942 .2500 190,000.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8531302 .2500 42,244.66 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8531382 .2500 125,543.19 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8531536 .2500 246,400.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8532000 .2500 485,787.50 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 1 8532117 .2500 73,302.47 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8532148 .2500 68,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8532294 .2500 66,500.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8532382 .2500 220,000.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8532434 .2500 90,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8532498 .2500 65,500.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8532504 .2500 51,200.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8532542 .2500 46,400.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 1 8532692 .2500 184,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8533152 .2500 52,000.00 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8533160 .2500 113,600.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8533426 .2500 143,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8533434 .2500 174,000.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8533518 .2500 80,000.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8533534 .2500 348,717.67 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8533544 .2500 371,619.01 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 1 8533606 .2500 397,093.12 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8534132 .2500 144,000.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8534146 .2500 65,940.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8534198 .2500 381,581.99 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8534204 .2500 486,691.38 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8534514 .2500 108,700.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8534756 .2500 208,000.00 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8534966 .2500 100,000.00 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 1 8535234 .2500 90,000.00 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8535522 .2500 292,500.00 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8535810 .2500 119,200.00 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8535886 .2500 102,000.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8537450 .2500 100,894.37 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8537756 .2500 144,385.63 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8537900 .2500 50,000.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8537958 .2500 264,049.31 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 1 8537966 .2500 229,174.88 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8538216 .2500 53,602.89 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8538368 .2500 88,000.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8538736 .2500 124,091.60 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8538782 .2500 217,192.86 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8538798 .2500 416,452.41 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8538804 .2500 526,000.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8539010 .2500 250,000.00 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 1 8539626 .2500 275,000.00 .0300 4.7500 .0000 4.5000 .0000 4.4700 .0000 4.4700 .0000 8541853 .2500 98,587.41 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8542283 .2500 57,667.97 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8543298 .2500 650,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8545654 .2500 91,000.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8545730 .2500 645,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8545740 .2500 468,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8545762 .2500 150,400.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 1 8545950 .2500 200,000.00 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8546822 .2500 158,000.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8546836 .2500 38,490.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8546892 .2500 68,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8546926 .2500 90,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8546932 .2500 55,200.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8547072 .2500 98,000.00 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8548738 .2500 190,375.00 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 1 8549686 .2500 96,100.00 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8549726 .2500 45,000.00 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8549838 .2500 239,800.00 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8549858 .2500 239,800.00 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8550760 .2500 84,800.00 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8550790 .2500 120,000.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8550850 .2500 69,700.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8551478 .2500 160,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 1 8551990 .2500 97,600.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8553000 .2500 128,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8554136 .2500 62,800.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8555908 .2500 138,600.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8556060 .2500 70,000.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8559246 .2500 104,750.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8560014 .2500 44,000.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8565016 .2500 87,900.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 1 8574522 .2500 153,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8575214 .2500 92,000.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8599263 .2500 295,799.41 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8630463 .2500 43,142.50 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8638455 .2500 165,192.61 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8664177 .2500 132,155.54 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8667641 .2500 148,809.82 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8677121 .2500 296,823.61 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 1 8683039 .2500 62,859.44 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8708567 .2500 147,443.21 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8719087 .2500 49,269.99 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8724425 .2500 205,071.44 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8724433 .2500 105,855.13 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8724437 .2500 245,896.42 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8724481 .2500 178,094.18 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8725045 .2500 80,712.97 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 1 8728557 .2500 76,954.26 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8740133 .2500 78,606.76 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8741215 .2500 196,545.97 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8745177 .2500 65,927.49 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8755977 .2500 446,695.39 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8758009 .2500 151,625.15 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8764313 .2500 373,870.26 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8764627 .2500 103,600.49 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 1 8764995 .2500 142,435.16 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8765337 .2500 49,247.03 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8766875 .2500 175,481.76 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8772097 .2500 118,179.57 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8773091 .2500 373,582.32 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8775785 .2500 158,849.36 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8777343 .2500 203,541.17 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8787375 .2500 81,094.77 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 1 8787379 .2500 98,907.46 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8787483 .2500 173,070.25 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8787709 .2500 99,625.88 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8787721 .2500 103,642.39 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8789575 .2500 516,100.97 .0300 5.0000 .0000 4.7500 .0000 4.7200 .0000 4.7200 .0000 8790135 .2500 120,617.03 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8791093 .2500 179,298.54 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8795259 .2500 59,573.02 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 1 8796399 .2500 181,353.94 .0800 5.6250 .0000 5.3750 .0000 5.2950 .0000 5.0000 .2950 8797375 .2500 109,621.76 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8800039 .2500 96,150.14 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8800185 .2500 133,927.93 .0800 5.7500 .0000 5.5000 .0000 5.4200 .0000 5.0000 .4200 8801817 .2500 147,432.07 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8805875 .2500 519,111.13 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8808069 .2500 180,151.38 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8810361 .2500 68,762.74 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 1 8811795 .2500 432,000.00 .0800 5.3750 .0000 5.1250 .0000 5.0450 .0000 5.0000 .0450 8813697 .2500 156,000.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8814989 .2500 231,539.57 .0300 5.1250 .0000 4.8750 .0000 4.8450 .0000 4.8450 .0000 8815029 .2500 130,031.83 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8815207 .2500 396,000.00 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8819457 .2500 60,500.00 .0800 6.0000 .0000 5.7500 .0000 5.6700 .0000 5.0000 .6700 8821135 .2500 161,387.57 .0300 4.8750 .0000 4.6250 .0000 4.5950 .0000 4.5950 .0000 8822307 .2500 108,800.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 1 8822333 .2500 275,000.00 .0800 5.8750 .0000 5.6250 .0000 5.5450 .0000 5.0000 .5450 8825621 .2500 150,000.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8826865 .2500 155,000.00 .0800 5.5000 .0000 5.2500 .0000 5.1700 .0000 5.0000 .1700 8826941 .2500 200,000.00 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 TOTAL NUMBER OF LOANS: 1146 TOTAL BALANCE........: 183,757,688.06 RUN ON : 08/22/03 RFC DISCLOSURE SYSTEM RFFSDFIX-01 AT : 09.03.02 INITIAL SECURITY FEES AMORTIZED BALANCE SERIES : RALI 2003-QS16 FIXED SUMMARY REPORT CUTOFF : 08/01/03 POOL : 0004728 : : POOL STATUS: F WEIGHTED AVERAGES FROM TO ---------------------------------------------------------------------------- CURR NOTE RATE 5.3770 4.3750 6.8900 RFC NET RATE 5.1270 4.1250 6.6400 NET MTG RATE(INVSTR RATE) 5.0685 4.0950 6.5600 POST STRIP RATE 4.8980 4.0950 5.0000 SUB SERV FEE .2500 .2500 .2500 MSTR SERV FEE .0585 .0300 .0800 ALL EXP .0000 .0000 .0000 MISC EXP .0000 .0000 .0000 SPREAD .0000 .0000 .0000 STRIP .1705 .0000 1.5600 TOTAL NUMBER OF LOANS: 1146 TOTAL BALANCE........: 183,757,688.06 *************************** * END OF REPORT * *************************** RUN ON : 08/22/03 RFC DISCLOSURE SYSTEM RFFSD177-01 AT : 09.03.02 FIXED RATE LOAN LISTING AMORTIZED BALANCE SERIES : RALI 2003-QS16 CUTOFF : 08/01/03 POOL : 0004728 : : POOL STATUS: F RFC LOAN # S/S CODE PMT TYPE ORIGINAL BAL LOAN FEATURE ORIG TERM PRINCIPAL BAL # OF UNITS ORIG RATE ORIGINAL P+I LTV CURR NET CURRENT P+I CITY STATE ZIP LOAN PURP NOTE DATE MI CO CODE SERVICER LOAN # PROP TYPE 1ST PMT DATE MI CVG SELLER LOAN # OCCP CODE MATURITY DATE INVESTOR LOAN # ______________________________________________________________________________ 8124987 N67/G02 F 103,900.00 ZZ 180 100,464.09 1 6.750 919.42 80 6.500 919.42 BEL AIRE KS 67220 1 09/30/02 00 0434753919 05 11/01/02 0 1161002437A O 10/01/17 0 8276449 K15/G02 F 147,800.00 ZZ 180 143,822.46 1 6.875 1,318.16 90 6.625 1,318.16 ASHLAND CITY TN 37015 5 11/22/02 26 0435077714 05 01/01/03 12 000290005504339 O 12/01/17 0 8313947 W68/G02 F 113,400.00 ZZ 180 110,600.44 1 5.875 949.29 87 5.625 949.29 SHREVEPORT LA 71105 2 12/10/02 12 0435164256 05 02/01/03 12 33519 O 01/01/18 0 8373011 X67/G02 F 61,750.00 ZZ 180 60,225.54 1 5.875 516.92 83 5.625 516.92 MAYNARDVILLE TN 37807 2 12/26/02 11 0435284443 27 02/01/03 12 1 00241454 O 01/01/18 0 8377848 Q87/G02 F 53,500.00 ZZ 180 53,111.21 1 5.375 433.60 72 5.125 433.60 WARNER ROBINS GA 31093 5 06/12/03 00 0436059323 05 07/17/03 0 SHALO1 O 06/17/18 0 8378114 E22/G02 F 64,800.00 ZZ 180 64,577.18 1 6.000 546.82 90 5.750 546.82 HARTSELLE AL 35640 5 06/12/03 11 0417487600 05 08/01/03 12 0417487600 O 07/01/18 0 8378292 E22/G02 F 209,000.00 TX 180 208,242.28 1 5.375 1,693.87 79 5.125 1,693.87 HOUSTON TX 77082 5 06/12/03 00 0417357514 03 08/01/03 0 0417357514 O 07/01/18 0 8378328 E22/G02 F 138,000.00 ZZ 180 137,478.30 1 4.875 1,082.33 89 4.625 1,082.33 SUMMERVILLE SC 29483 5 06/12/03 01 0417379591 05 08/01/03 12 0417379591 O 07/01/18 0 8378938 U81/G02 F 118,400.00 ZZ 180 117,262.11 1 6.890 1,056.94 80 6.640 1,056.94 OWENS CROSS ROA AL 35763 5 04/14/03 00 0436229777 05 06/01/03 0 1800005581 O 05/01/18 0 1 8379140 E47/G02 F 50,000.00 ZZ 180 49,617.24 1 4.750 388.92 41 4.500 388.92 HUDSON FL 34667 1 05/30/03 00 0436238612 05 07/01/03 0 7361014559 O 06/01/18 0 8379492 K15/G02 F 109,200.00 ZZ 180 108,060.83 1 6.000 921.49 95 5.750 921.49 BASSETT VA 24055 5 04/24/03 41 0436038673 05 06/01/03 25 017305514798 O 05/01/18 0 8379538 U05/G02 F 346,400.00 TX 180 345,144.13 1 5.375 2,807.45 80 5.125 2,807.45 COPPELL TX 75019 5 06/12/03 00 0436035620 03 08/01/03 0 3366874 O 07/01/18 0 8379708 168/168 F 104,000.00 ZZ 180 103,275.37 1 5.875 870.60 80 5.625 870.60 NEW BALTIMORE NY 12192 2 04/30/03 00 3347509 05 07/01/03 0 0339475099 O 06/01/18 0 8379738 U05/G02 F 245,000.00 TX 180 244,092.91 1 5.125 1,953.44 77 4.875 1,953.44 SAN ANTONIO TX 78232 5 06/05/03 00 0436035661 05 08/01/03 0 3360293 O 07/01/18 0 8379782 P01/G02 F 123,200.00 T 180 122,758.02 1 5.500 1,006.65 80 5.250 1,006.65 1 NEW BALTIMORE NY 12124 1 06/11/03 00 0436121016 05 08/01/03 0 03005160 O 07/01/18 0 8379900 S27/G02 F 93,000.00 ZZ 180 92,676.78 1 5.875 778.53 75 5.625 778.53 LANTANA FL 33426 5 06/13/03 00 0436042089 05 08/01/03 0 1010028020 N 07/01/18 0 8379906 S27/G02 F 207,100.00 ZZ 180 206,349.16 1 5.375 1,678.48 95 5.125 1,678.48 BALL GROUND GA 30107 2 06/11/03 10 0436044101 05 08/01/03 25 1900004466 O 07/01/18 0 8380446 Q87/G02 F 91,000.00 ZZ 180 89,272.80 1 5.875 761.78 46 5.625 761.78 WETUMPKA AL 36093 5 05/21/03 00 0436051494 05 06/27/03 0 HAJA12 O 05/27/18 0 8381520 M24/G02 F 89,000.00 ZZ 180 88,687.40 1 5.750 739.06 28 5.500 739.06 CHARLOTTESVILLE VA 22903 2 06/13/03 00 0436123780 05 08/01/03 0 918212957 N 07/01/18 0 8382656 N74/G02 F 157,500.00 ZZ 180 156,355.42 1 5.375 1,276.48 90 5.125 1,276.48 SAND SPRINGS OK 74063 5 06/13/03 27 0436039861 05 07/18/03 10 0032609010 O 06/18/18 0 1 8382746 Q30/G02 F 186,000.00 ZZ 180 185,332.72 1 5.500 1,519.78 21 5.250 1,519.78 ROSLYN NY 11576 2 06/13/03 00 0436056501 05 08/01/03 0 21022187 O 07/01/18 0 8383460 U42/G02 F 147,625.00 ZZ 180 147,100.96 1 5.625 1,216.03 75 5.375 1,216.03 BRYAN TX 77808 2 05/23/03 00 0436235550 05 08/01/03 0 24300898 O 07/01/18 0 8383592 T44/G02 F 100,000.00 ZZ 180 99,641.25 1 5.500 817.08 69 5.250 817.08 TEHACHAPI CA 93561 5 06/10/03 00 0436243323 05 08/01/03 0 1078192 N 07/01/18 0 8388814 T08/G02 F 80,000.00 ZZ 180 79,436.66 1 5.750 664.33 35 5.500 664.33 TAMPA FL 33629 2 05/30/03 00 0436024871 05 07/01/03 0 11093103 N 06/01/18 0 8389136 W96/G02 F 999,999.00 ZZ 180 992,578.45 1 5.125 7,973.20 59 4.875 7,973.20 MIAMI FL 33133 5 05/23/03 00 0436026660 03 07/01/03 0 23040597 O 06/01/18 0 8389190 W96/G02 F 171,000.00 ZZ 180 169,744.25 1 1 5.250 1,374.63 66 5.000 1,374.63 MIRAMAR FL 33027 5 05/23/03 00 0436027254 03 07/01/03 0 23050224 O 06/01/18 0 8389626 E22/G02 F 40,000.00 ZZ 180 39,854.98 1 5.375 324.19 80 5.125 324.19 SOUTH BEND IN 46613 5 06/16/03 00 0417495926 05 08/01/03 0 0417495926 O 07/01/18 0 8389630 E22/G02 F 71,250.00 ZZ 180 70,988.96 1 5.250 572.76 75 5.000 572.76 PORT CHARLOTTE FL 33981 5 06/16/03 00 0417497682 05 08/01/03 0 0417497682 O 07/01/18 0 8389752 E22/G02 F 108,000.00 ZZ 180 107,616.62 1 5.625 889.63 90 5.375 889.63 CHARLOTTE NC 28205 5 06/16/03 01 0417303526 05 08/01/03 25 0417303526 O 07/01/18 0 8389886 E22/G02 F 64,500.00 ZZ 180 64,263.69 1 5.250 518.50 75 5.000 518.50 MCCALL ID 83638 5 06/11/03 00 0417239829 05 08/01/03 0 0417239829 N 07/01/18 0 8389900 E22/G02 F 88,000.00 ZZ 180 87,670.77 1 5.000 695.90 80 4.750 695.90 WENATCHEE WA 98801 5 06/11/03 00 0417257045 05 08/01/03 0 1 0417257045 O 07/01/18 0 8391338 313/G02 F 583,700.00 ZZ 180 577,178.65 1 5.375 4,730.69 27 5.125 4,730.69 DACULA GA 30019 2 05/07/03 00 0436070379 05 07/01/03 0 9466608 O 06/01/18 0 8391442 313/G02 F 161,200.00 ZZ 180 160,028.50 1 5.375 1,306.48 64 5.125 1,306.48 MELBOURNE FL 32934 2 05/23/03 00 0436069967 03 07/01/03 0 9577669 O 06/01/18 0 8391506 313/G02 F 80,861.00 ZZ 180 80,172.45 1 5.375 655.36 40 5.125 655.36 MALABAR FL 32950 5 05/23/03 00 0436055743 05 07/01/03 0 9564063 O 06/01/18 0 8391580 313/G02 F 70,134.00 ZZ 180 69,877.04 1 5.250 563.80 59 5.000 563.80 PALM BAY FL 32909 1 06/04/03 00 0436070130 05 08/01/03 0 9218785 O 07/01/18 0 8393200 313/G02 F 448,000.00 ZZ 180 444,744.28 1 5.375 3,630.89 80 5.125 3,630.89 SPRINGFIELD VA 22153 5 05/22/03 00 0436065247 03 07/01/03 0 9566902 O 06/01/18 0 1 8393202 313/G02 F 355,000.00 ZZ 180 352,393.02 1 5.250 2,853.77 49 5.000 2,853.77 SAN MARINO CA 91108 2 05/12/03 00 0436069777 05 07/01/03 0 9532409 O 06/01/18 0 8393552 M24/G02 F 180,800.00 ZZ 180 180,137.59 1 5.250 1,453.41 80 5.000 1,453.41 LAWRENCEVILLE GA 30043 2 06/10/03 00 0436081541 03 08/01/03 0 253213104 O 07/01/18 0 8393580 K15/G02 F 49,500.00 ZZ 180 49,329.79 1 6.000 417.71 90 5.750 417.71 WEST CHAZY NY 12992 5 06/10/03 41 0436043855 05 08/01/03 12 030705516575 O 07/01/18 0 8393626 K15/G02 F 204,800.00 ZZ 180 204,057.50 1 5.375 1,659.83 80 5.125 1,659.83 CHESHIRE CT 06410 5 06/09/03 00 0436042303 05 08/01/03 0 037805509553 O 07/01/18 0 8393830 K15/G02 F 110,400.00 ZZ 180 109,554.94 1 5.875 924.18 80 5.625 924.18 WILMINGTON NC 28409 5 05/21/03 00 0436043723 05 07/01/03 0 017105516154 N 06/01/18 0 8393864 Q30/G02 F 185,000.00 ZZ 180 183,655.57 1 5.375 1,499.36 43 5.125 1,499.36 1 NORTHPORT NY 11768 5 05/30/03 00 0436078174 05 07/01/03 0 21023341 O 06/01/18 0 8393886 K15/G02 F 81,600.00 ZZ 180 81,307.26 1 5.500 666.74 77 5.250 666.74 HENDERSON NV 89014 5 06/10/03 00 0436040414 01 08/01/03 0 022005517291 O 07/01/18 0 8398102 E22/G02 F 125,000.00 ZZ 180 124,546.82 1 5.375 1,013.08 79 5.125 1,013.08 WEST BLOOMFIELD MI 48324 5 06/18/03 00 0417366507 05 08/01/03 0 0417366507 O 07/01/18 0 8398240 E22/G02 F 117,600.00 ZZ 180 117,173.64 1 5.375 953.11 80 5.125 953.11 BERNVILLE PA 19506 5 06/18/03 00 0416851558 05 08/01/03 0 0416851558 O 07/01/18 0 8398532 E22/G02 F 53,200.00 ZZ 180 53,009.14 1 5.500 434.69 95 5.250 434.69 AMES OK 73718 5 06/17/03 01 0417155983 05 08/01/03 35 0417155983 O 07/01/18 0 8398582 E22/G02 F 68,800.00 ZZ 180 68,555.77 1 5.625 566.73 80 5.375 566.73 ASHEVILLE NC 28806 1 06/23/03 00 0417332368 05 08/01/03 0 0417332368 N 07/01/18 0 1 8398928 A52/G02 F 302,000.00 ZZ 180 300,905.11 1 5.375 2,447.60 80 5.125 2,447.60 LAWRENCEVILLE GA 30045 5 06/10/03 00 0436047195 03 08/01/03 0 25137 O 07/01/18 0 8398986 X10/G02 F 92,000.00 TX 180 91,659.39 1 5.125 733.53 80 4.875 733.53 HOUSTON TX 77036 5 06/16/03 00 0436147219 03 08/01/03 0 60000967 O 07/01/18 0 8400460 940/G02 F 92,500.00 ZZ 180 92,164.64 1 5.375 749.68 57 5.125 749.68 BLOOMINGTON CA 92316 5 06/13/03 00 0436132591 05 08/01/03 0 40030617 N 07/01/18 0 8401242 T44/G02 F 32,300.00 ZZ 180 31,965.13 1 6.000 272.57 65 5.750 272.57 GAINESVILLE FL 32605 2 04/09/03 00 0436153720 05 06/01/03 0 1072187 N 05/01/18 0 8401292 U19/G02 F 120,000.00 ZZ 180 119,574.02 1 5.625 988.48 80 5.375 988.48 PHOENIX AZ 85053 2 06/16/03 00 0436226013 05 08/01/03 0 11000877 N 07/01/18 0 8402294 E22/G02 F 63,000.00 ZZ 180 62,769.19 1 1 5.250 506.44 74 5.000 506.44 BELLEVUE NE 68005 5 06/19/03 00 0417300498 05 08/01/03 0 0417300498 O 07/01/18 0 8402536 E22/G02 F 67,500.00 ZZ 180 67,257.84 1 5.500 551.53 89 5.250 551.53 MEMPHIS TN 38117 2 06/24/03 10 0417464526 05 08/01/03 20 0417464526 N 07/01/18 0 8402576 E22/G02 F 128,800.00 TX 180 128,337.93 1 5.500 1,052.40 80 5.250 1,052.40 ARLINGTON TX 76016 5 06/18/03 00 0417528783 05 08/01/03 0 0417528783 O 07/01/18 0 8403214 P27/G02 F 67,000.00 ZZ 180 66,764.67 1 5.750 556.37 95 5.500 556.37 POCOLA OK 74902 5 06/16/03 01 0436048698 05 08/01/03 30 2104083983 O 07/01/18 0 8405384 Y44/G02 F 192,500.00 ZZ 180 191,772.26 1 4.875 1,509.77 60 4.625 1,509.77 ALTADENA (AREA) CA 91001 5 06/10/03 00 0436228712 05 08/01/03 0 111249601 O 07/01/18 0 8406056 N74/G02 F 62,000.00 ZZ 180 61,530.28 1 4.875 486.26 80 4.625 486.26 HAYS NC 28635 5 06/19/03 00 0436056287 05 07/24/03 0 1 0032657010 O 06/24/18 0 8407328 E82/G02 F 216,600.00 ZZ 180 215,814.72 1 5.375 1,755.47 76 5.125 1,755.47 LEVITTOWN NY 11756 2 06/23/03 00 0400845301 05 08/01/03 0 0400845301 O 07/01/18 0 8407380 E82/G02 F 108,000.00 ZZ 180 107,616.62 4 5.625 889.63 80 5.375 889.63 WICHITA FALLS TX 76310 2 06/26/03 00 0400843520 05 08/01/03 0 0400843520 N 07/01/18 0 8407536 E22/G02 F 160,000.00 ZZ 180 159,438.01 1 5.750 1,328.66 80 5.500 1,328.66 RIALTO CA 92376 5 06/13/03 00 0417307469 05 08/01/03 0 0417307469 O 07/01/18 0 8407790 E22/G02 F 200,000.00 TX 180 199,282.50 1 5.500 1,634.17 80 5.250 1,634.17 KATY TX 77450 5 06/13/03 00 0417289501 03 08/01/03 0 0417289501 O 07/01/18 0 8408412 K15/G02 F 187,700.00 ZZ 180 186,982.99 1 4.750 1,459.99 60 4.500 1,459.99 VALLEY STREAM NY 11580 5 06/12/03 00 0436064281 05 08/01/03 0 021205514859 O 07/01/18 0 1 8408454 K15/G02 F 52,000.00 ZZ 180 51,821.19 1 6.000 438.81 80 5.750 438.81 BELMAWR NJ 08031 5 06/13/03 00 0436064224 07 08/01/03 0 010805516262 N 07/01/18 0 8408608 K15/G02 F 127,500.00 ZZ 120 126,678.91 1 5.000 1,352.34 85 4.750 1,352.34 DOVER DE 19904 5 06/10/03 41 0436063929 05 08/01/03 6 013405516434 O 07/01/13 0 8409046 P09/G02 F 171,000.00 ZZ 180 170,405.72 1 5.875 1,431.47 95 5.625 1,431.47 CLINTON MD 20735 5 06/20/03 10 0436073175 03 08/01/03 25 3005270167 O 07/01/18 0 8411120 E22/G02 F 480,000.00 T 180 478,204.19 1 5.000 3,795.81 33 4.750 3,795.81 KILAUEA HI 96754 5 06/11/03 00 0417057809 05 08/01/03 0 0417057809 O 07/01/18 0 8411194 E22/G02 F 103,000.00 ZZ 180 102,630.48 1 5.500 841.60 94 5.250 841.60 ALBANY OR 97322 5 06/11/03 11 0417312154 05 08/01/03 30 0417312154 O 07/01/18 0 8411906 W68/G02 F 98,300.00 TX 180 97,951.05 1 5.625 809.73 77 5.375 809.73 1 GARLAND TX 75040 5 06/05/03 00 0436147433 05 08/01/03 0 3053060 O 07/01/18 0 8412028 U85/G02 F 55,350.00 ZZ 180 55,140.75 1 4.875 434.11 90 4.625 434.11 MILWAUKEE WI 53222 5 06/26/03 11 0436049399 01 08/01/03 12 TQS225 O 07/01/18 0 8412086 W68/G02 F 55,000.00 TX 180 54,221.68 1 5.750 456.73 55 5.500 456.73 PROSPER TX 75078 5 03/03/03 00 0436135248 05 05/01/03 0 3021919 O 04/01/18 0 8412104 Q14/G02 F 136,800.00 ZZ 180 136,298.80 1 5.250 1,099.70 80 5.000 1,099.70 PHOENIX AZ 85044 5 06/18/03 00 0436056824 05 08/01/03 0 314152 O 07/01/18 0 8412276 E84/G02 F 241,000.00 ZZ 180 239,266.86 1 5.500 1,969.17 80 5.250 1,969.17 AVON OH 44011 5 05/20/03 00 0436066047 01 07/01/03 0 69931731 O 06/01/18 0 8412796 X78/G02 F 60,000.00 ZZ 180 59,784.75 1 5.500 490.25 75 5.250 490.25 MARIETTA GA 30062 1 06/26/03 00 0436107783 05 08/01/03 0 990505 O 07/01/18 0 1 8412898 X60/G02 F 389,000.00 ZZ 180 387,559.77 1 5.125 3,101.58 79 4.875 3,101.58 SAMMAMISH WA 98074 5 06/19/03 00 0436338198 03 08/01/03 0 112979701 O 07/01/18 0 8413558 E82/G02 F 142,600.00 ZZ 180 142,600.00 1 5.250 1,146.33 42 5.000 1,146.33 HOWELL TOWNSHIP NJ 07727 2 06/23/03 00 0400852992 05 09/01/03 0 0400852992 O 08/01/18 0 8413748 E22/G02 F 143,900.00 ZZ 180 143,378.29 1 5.375 1,166.26 77 5.125 1,166.26 WESTMINSTER CO 80031 5 06/06/03 00 0416825008 05 08/01/03 0 0416825008 O 07/01/18 0 8413872 E22/G02 F 45,220.00 ZZ 180 45,064.51 1 6.000 381.59 94 5.750 381.59 OKLAHOMA CITY OK 73109 5 06/23/03 01 0417191095 05 08/01/03 25 0417191095 O 07/01/18 0 8414130 E22/G02 F 200,000.00 ZZ 180 199,290.04 1 5.625 1,647.46 68 5.375 1,647.46 SALISBURY CT 06039 5 06/27/03 00 0417436763 05 08/01/03 0 0417436763 N 07/01/18 0 8414232 E22/G02 F 123,000.00 ZZ 180 122,549.36 1 1 5.250 988.77 65 5.000 988.77 TEMPE AZ 85283 5 06/18/03 00 0417525292 05 08/01/03 0 0417525292 O 07/01/18 0 8414358 E22/G02 F 139,000.00 ZZ 180 138,496.05 2 5.375 1,126.55 53 5.125 1,126.55 PATERSON NJ 07513 2 06/23/03 00 0147635612 05 08/01/03 0 0417635612 O 07/01/18 0 8415224 W74/G02 F 90,000.00 ZZ 180 89,677.12 1 5.500 735.38 77 5.250 735.38 ROSAMOND CA 93560 5 06/20/03 00 0436094080 05 08/01/03 0 03050064 O 07/01/18 0 8417654 E82/G02 F 104,600.00 ZZ 180 104,600.00 1 5.375 847.75 41 5.125 847.75 HOLMDEL NJ 07733 2 06/30/03 00 0400846218 01 09/01/03 0 0400846218 N 08/01/18 0 8418588 W35/G02 F 91,400.00 ZZ 180 91,050.85 1 4.750 710.94 67 4.500 710.94 VEAZIE ME 04401 5 06/20/03 00 0436075337 05 08/01/03 0 21098 O 07/01/18 0 8419070 E22/G02 F 152,000.00 ZZ 180 151,454.70 1 5.500 1,241.97 63 5.250 1,241.97 TARPON SPRINGS FL 33761 2 06/30/03 00 0417664679 03 08/01/03 0 1 0417664679 N 07/01/18 0 8419248 K15/G02 F 276,500.00 ZZ 180 275,465.54 1 5.000 2,186.54 73 4.750 2,186.54 BROOKLYN NY 11234 5 06/16/03 00 0436103741 05 08/01/03 0 011205517228 O 07/01/18 0 8419312 E22/G02 F 624,650.00 TX 180 622,361.42 1 5.250 5,021.42 80 5.000 5,021.42 DALLAS TX 75229 5 06/24/03 00 0417151453 05 08/01/03 0 0417151453 O 07/01/18 0 8419386 E22/G02 F 319,000.00 ZZ 180 317,794.03 1 4.875 2,501.91 78 4.625 2,501.91 LAKE WYLIE SC 29710 5 06/24/03 00 0417207099 05 08/01/03 0 0417207099 O 07/01/18 0 8419538 K15/G02 F 124,000.00 ZZ 180 123,545.69 1 5.250 996.81 80 5.000 996.81 WINDHAM ME 04062 5 06/10/03 00 0436065312 05 08/01/03 0 007705516238 O 07/01/18 0 8419608 E22/G02 F 123,150.00 ZZ 180 122,712.84 3 5.625 1,014.43 65 5.375 1,014.43 SALIDA CO 81201 2 06/25/03 00 0417352770 05 08/01/03 0 0417352770 N 07/01/18 0 1 8419656 P09/G02 F 190,000.00 ZZ 180 190,000.00 1 4.875 1,490.17 73 4.625 1,490.17 BRANDYWINE MD 20613 5 06/27/03 00 0436099717 05 09/01/03 0 ARSCOTT O 08/01/18 0 8419676 E22/G02 F 286,000.00 ZZ 180 284,941.12 1 5.125 2,280.34 73 4.875 2,280.34 PUTNAM VALLEY NY 10579 2 06/25/03 00 0417389970 05 08/01/03 0 0417389970 O 07/01/18 0 8419736 P09/G02 F 97,000.00 ZZ 180 96,640.87 1 5.125 773.40 66 4.875 773.40 WALLINGFORD PA 19086 2 06/26/03 00 0436190987 01 08/01/03 0 3002260307 O 07/01/18 0 8420112 E22/G02 F 43,000.00 ZZ 180 42,842.46 1 5.250 345.67 85 5.000 345.67 MOULTON AL 35650 5 06/24/03 04 0417525540 05 08/01/03 6 0417525540 O 07/01/18 0 8420316 P09/G02 F 183,500.00 ZZ 180 183,500.00 1 4.750 1,427.32 77 4.500 1,427.32 CLINTON MD 20735 2 06/30/03 00 0436100416 05 09/01/03 0 3006040014 O 08/01/18 0 8420972 K15/G02 F 200,000.00 ZZ 180 199,243.91 1 4.875 1,568.59 34 4.625 1,568.59 1 ROSLYN HEIGHTS NY 11577 5 06/17/03 00 0436065114 05 08/01/03 0 021205516831 O 07/01/18 0 8422506 144/144 F 37,500.00 ZZ 180 37,057.28 1 5.625 308.90 17 5.375 308.90 ULSTER PARK NY 12487 5 04/30/03 00 160721910000000 05 06/01/03 0 1 O 05/01/18 0 8423262 E22/G02 F 83,500.00 ZZ 180 83,206.71 1 5.750 693.39 90 5.500 693.39 ARDMORE OK 73401 1 07/01/03 01 0417719168 05 08/01/03 25 0417719168 O 07/01/18 0 8423394 E22/G02 F 84,000.00 ZZ 180 83,711.16 1 6.000 708.84 26 5.750 708.84 WHITTIER CA 90603 5 06/23/03 00 0417288735 05 08/01/03 0 0417288735 N 07/01/18 0 8423558 E22/G02 F 181,000.00 ZZ 180 180,364.25 1 5.750 1,503.04 95 5.500 1,503.04 MORRISVILLE PA 19067 5 06/26/03 04 0416975803 05 08/01/03 25 0416975803 O 07/01/18 0 8425526 E84/G02 F 268,000.00 ZZ 180 267,028.37 1 5.375 2,172.05 71 5.125 2,172.05 PEARL RIVER NY 10965 2 06/09/03 00 0436078257 05 08/01/03 0 10500162 O 07/01/18 0 1 8426020 E84/G02 F 395,500.00 ZZ 180 391,179.07 1 5.375 3,205.39 70 5.125 3,205.39 EDMONDS WA 98020 2 04/28/03 00 0436072144 05 06/01/03 0 1101043202 O 05/01/18 0 8426090 E84/G02 F 250,000.00 ZZ 180 246,368.43 1 5.625 2,059.33 42 5.375 2,059.33 DEARBORN MI 48124 2 03/14/03 00 0436070346 01 05/01/03 0 1101026630 O 04/01/18 0 8426176 E84/G02 F 115,000.00 ZZ 180 113,105.23 2 6.625 1,009.69 31 6.375 1,009.69 COLORADO SPRING CO 80907 5 02/24/03 00 0436069496 05 04/01/03 0 1101022085 N 03/01/18 0 8426216 E84/G02 F 200,000.00 ZZ 180 198,531.27 1 5.250 1,607.76 68 5.000 1,607.76 SUCCASUNNA NJ 07876 2 05/19/03 00 0436070296 05 07/01/03 0 10500143 O 06/01/18 0 8426232 E84/G02 F 191,000.00 ZZ 180 188,891.45 1 5.250 1,535.41 68 5.000 1,535.41 ANNAPOLIS MD 21401 2 04/10/03 00 0436070684 05 06/01/03 0 86520268 O 05/01/18 0 8426382 E84/G02 F 197,000.00 ZZ 180 195,568.36 1 1 5.375 1,596.62 79 5.125 1,596.62 DEARBORN HEIGHT MI 48127 2 05/07/03 00 0436072011 05 07/01/03 0 14501452 O 06/01/18 0 8426414 E84/G02 F 360,000.00 ZZ 180 350,862.51 1 5.500 2,941.50 80 5.250 2,941.50 COLORADO SPRING CO 80920 5 03/26/03 00 0436082523 03 05/01/03 0 32812496 O 04/01/18 0 8426432 E84/G02 F 187,100.00 ZZ 180 185,119.00 1 5.750 1,553.70 77 5.500 1,553.70 AURORA CO 80012 2 04/11/03 00 0436070767 05 06/01/03 0 1101038193 O 05/01/18 0 8426536 E84/G02 F 400,000.00 ZZ 180 395,806.05 1 5.875 3,348.47 57 5.625 3,348.47 REDWOOD CITY CA 94061 2 04/04/03 00 0436072888 09 06/01/03 0 24430571 N 05/01/18 0 8426548 E84/G02 F 158,600.00 ZZ 180 156,260.40 1 5.250 1,274.95 53 5.000 1,274.95 GAITHERSBURG MD 20879 2 03/14/03 00 0436072995 05 05/01/03 0 1101031728 O 04/01/18 0 8426574 A50/G02 F 93,600.00 ZZ 180 93,271.24 1 5.750 777.26 80 5.500 777.26 COLUMBUS GA 31909 5 06/24/03 00 0436079008 05 08/01/03 0 1 1018266 O 07/01/18 0 8427368 W68/G02 F 640,000.00 ZZ 180 637,605.59 1 5.000 5,061.08 78 4.750 5,061.08 ASHEVILLE NC 28803 2 06/16/03 00 0436114052 05 08/01/03 0 3061268 O 07/01/18 0 8427476 E22/G02 F 163,000.00 ZZ 180 163,000.00 2 6.000 1,375.49 70 5.750 1,375.49 WEST ORANGE TOW NJ 07052 2 07/02/03 00 0416915130 05 09/01/03 0 0416915130 N 08/01/18 0 8427550 E22/G02 F 105,000.00 ZZ 180 104,638.95 2 6.000 886.05 75 5.750 886.05 ATLANTA GA 30344 5 07/02/03 00 0417206885 05 08/01/03 0 0417206885 N 07/01/18 0 8427560 E22/G02 F 140,500.00 ZZ 180 140,500.00 1 5.125 1,120.24 55 4.875 1,120.24 APOLLO BEACH FL 33572 5 06/27/03 00 0417233574 05 09/01/03 0 0417233574 O 08/01/18 0 8427582 E22/G02 F 52,000.00 ZZ 180 52,000.00 1 6.000 438.81 80 5.750 438.81 WEST PALM BEACH FL 33415 1 07/02/03 00 0417261765 01 09/01/03 0 0417261765 N 08/01/18 0 1 8427614 E22/G02 F 180,000.00 TX 180 179,361.03 1 5.625 1,482.72 74 5.375 1,482.72 WHITNEY TX 76692 5 06/27/03 00 0417311404 03 08/01/03 0 0417311404 O 07/01/18 0 8427632 E22/G02 F 114,000.00 TX 180 113,573.50 1 5.000 901.50 80 4.750 901.50 SAN ANTONIO TX 78248 5 06/27/03 00 0417334570 03 08/01/03 0 0417334570 O 07/01/18 0 8427674 E22/G02 F 89,000.00 TX 120 88,449.51 1 5.750 976.95 72 5.500 976.95 LEANDER TX 78641 5 06/27/03 00 0417413853 05 08/01/03 0 0417413853 O 07/01/13 0 8427690 E22/G02 F 50,000.00 ZZ 180 49,824.37 1 5.750 415.21 88 5.500 415.21 GRETNA LA 70053 1 07/02/03 01 0417433125 05 08/01/03 25 0417433125 N 07/01/18 0 8427790 E22/G02 F 94,300.00 ZZ 180 93,950.87 1 5.125 751.87 80 4.875 751.87 DURHAM NC 27713 2 06/27/03 00 0417566056 09 08/01/03 0 0417566056 O 07/01/18 0 8427810 E22/G02 F 256,000.00 ZZ 180 255,100.82 1 5.750 2,125.85 80 5.500 2,125.85 1 TUPELO MS 38801 2 06/27/03 00 0417585494 05 08/01/03 0 0417585494 O 07/01/18 0 8427832 E22/G02 F 194,000.00 ZZ 120 192,767.29 1 5.250 2,081.46 57 5.000 2,081.46 HOLBROOK NY 11741 5 06/27/03 00 0417620747 05 08/01/03 0 0417620747 O 07/01/13 0 8427952 E22/G02 F 73,350.00 ZZ 180 73,072.70 1 4.875 575.28 90 4.625 575.28 OKLAHOMA CITY OK 73112 5 06/27/03 01 0417492402 05 08/01/03 12 0417492402 O 07/01/18 0 8427982 E82/G02 F 268,000.00 ZZ 180 268,000.00 1 5.125 2,136.82 59 4.875 2,136.82 REDLANDS CA 92373 2 06/27/03 00 0400853743 05 09/01/03 0 0400853743 O 08/01/18 0 8428030 E82/G02 F 87,800.00 ZZ 180 87,800.00 1 5.375 711.59 69 5.125 711.59 ELKHART IN 46516 2 07/01/03 00 0400843181 05 09/01/03 0 0400843181 O 08/01/18 0 8428038 E82/G02 F 53,000.00 ZZ 180 53,000.00 1 5.250 426.06 28 5.000 426.06 OMAHA NE 68114 2 06/30/03 00 0400857272 05 09/01/03 0 0400857272 O 08/01/18 0 1 8428052 E82/G02 F 117,700.00 ZZ 180 117,700.00 1 5.375 953.92 74 5.125 953.92 INDIANAPOLIS IN 46234 2 06/30/03 00 0400840153 05 09/01/03 0 0400840153 O 08/01/18 0 8428102 E84/G02 F 320,500.00 ZZ 180 314,903.57 1 5.250 2,576.43 72 5.000 2,576.43 EVERGREEN CO 80439 2 05/22/03 00 0436069959 05 07/01/03 0 32813344 O 06/01/18 0 8428128 E84/G02 F 105,600.00 ZZ 180 103,708.04 1 5.625 869.86 72 5.375 869.86 ODESSA MO 64076 5 02/14/03 00 0436070064 05 04/01/03 0 32810849 O 03/01/18 0 8428140 E84/G02 F 213,000.00 ZZ 180 212,251.86 1 5.750 1,768.77 56 5.500 1,768.77 FORT WASHINGTON MD 20744 2 06/11/03 00 0436070916 05 08/01/03 0 65130456 O 07/01/18 0 8428148 E84/G02 F 45,000.00 ZZ 180 44,669.55 1 5.250 361.74 25 5.000 361.74 SEATTLE WA 98146 2 04/28/03 00 0436069330 05 07/01/03 0 1101041154 O 06/01/18 0 8428172 E84/G02 F 105,000.00 ZZ 180 102,908.55 1 1 5.500 857.94 70 5.250 857.94 YAMHILL OR 97148 5 03/13/03 00 0436068993 05 05/01/03 0 61703170 O 04/01/18 0 8428212 E84/G02 F 300,000.00 ZZ 180 294,569.19 1 5.500 2,451.25 34 5.250 2,451.25 POTOMAC MD 20854 2 02/21/03 00 0436078331 05 04/01/03 0 87320289 O 03/01/18 0 8428222 E84/G02 F 101,700.00 ZZ 180 99,896.71 1 5.750 844.53 68 5.500 844.53 WHITEFIELD CO 80911 2 02/12/03 00 0436082663 05 04/01/03 0 1101019826 O 03/01/18 0 8428384 E84/G02 F 446,000.00 ZZ 180 439,283.74 1 5.000 3,526.94 64 4.750 3,526.94 FOXFIELD CO 80016 2 03/25/03 00 0436072607 05 05/01/03 0 1101013570 O 04/01/18 0 8428434 E84/G02 F 420,000.00 ZZ 180 413,931.44 1 5.500 3,431.75 45 5.250 3,431.75 BABYLON NY 11702 5 02/27/03 00 0436101380 05 05/01/03 0 1101025274 O 04/01/18 0 8428532 E84/G02 F 105,000.00 ZZ 180 103,482.85 1 5.500 857.94 75 5.250 857.94 RISING SUN MD 21811 5 03/31/03 00 0436072839 05 05/01/03 0 1 86120419 O 04/01/18 0 8428686 E84/G02 F 84,500.00 ZZ 180 81,917.38 1 5.375 684.84 52 5.125 684.84 IMPERIAL MO 63052 2 03/20/03 00 0436072698 03 05/01/03 0 14606579 O 04/01/18 0 8428826 E84/G02 F 488,000.00 ZZ 180 482,668.48 1 5.375 3,955.07 58 5.125 3,955.07 LITTLETON CO 80120 5 04/21/03 00 0436073001 05 06/01/03 0 32812632 O 05/01/18 0 8429206 E84/G02 F 118,000.00 T 180 115,951.57 1 5.625 972.00 67 5.375 972.00 BEND OR 97701 2 03/13/03 00 0436069751 05 05/01/03 0 61703169 O 04/01/18 0 8430292 E82/G02 F 88,800.00 ZZ 180 88,800.00 1 5.125 708.02 60 4.875 708.02 ROQUE RIVER OR 97537 2 07/01/03 00 0400835831 05 09/01/03 0 0400835831 O 08/01/18 0 8430294 E82/G02 F 117,100.00 ZZ 180 116,675.45 1 5.375 949.06 45 5.125 949.06 LAHAINA HI 96761 2 07/01/03 00 0400846739 01 08/01/03 0 0400846739 N 07/01/18 0 1 8430298 E82/G02 F 83,000.00 ZZ 180 83,000.00 1 5.375 672.69 60 5.125 672.69 WEST BLOCTON AL 35184 5 07/01/03 00 0400855987 05 09/01/03 0 0400855987 O 08/01/18 0 8430312 E82/G02 F 103,700.00 ZZ 180 103,700.00 4 5.625 854.21 47 5.375 854.21 HIALEAH FL 33010 2 07/03/03 00 0400840310 05 09/01/03 0 0400840310 N 08/01/18 0 8430330 E82/G02 F 75,050.00 ZZ 180 75,050.00 2 5.875 628.26 65 5.625 628.26 SPRINGFIELD MA 01119 2 07/07/03 00 0400857165 05 09/01/03 0 0400857165 N 08/01/18 0 8430354 E82/G02 F 102,100.00 ZZ 180 102,100.00 1 5.000 807.40 33 4.750 807.40 SHOREVIEW MN 55126 2 07/02/03 00 0400848107 05 09/01/03 0 0400848107 O 08/01/18 0 8430444 E22/G02 F 117,000.00 ZZ 180 117,000.00 1 5.875 979.43 92 5.625 979.43 REYNOLDSBURG OH 43068 5 07/01/03 04 0417210861 05 09/01/03 25 0417210861 O 08/01/18 0 8430462 E22/G02 F 211,500.00 ZZ 180 210,733.21 1 5.375 1,714.13 90 5.125 1,714.13 1 MIAMI FL 33193 5 06/27/03 01 0416955540 03 08/01/03 25 0416955540 O 07/01/18 0 8430570 E22/G02 F 266,500.00 ZZ 180 266,500.00 2 5.375 2,159.89 75 5.125 2,159.89 CHICAGO IL 60630 2 07/01/03 00 0417623501 05 09/01/03 0 0417623501 O 08/01/18 0 8430592 E22/G02 F 235,000.00 ZZ 180 233,907.09 1 5.500 1,920.15 59 5.250 1,920.15 WALLED LAKE MI 48390 2 06/30/03 00 0417464229 05 08/01/03 0 0417464229 O 07/01/18 0 8430634 E22/G02 F 58,150.00 ZZ 180 58,150.00 1 5.875 486.78 80 5.625 486.78 CROWLEY TX 76036 2 07/03/03 00 0417549672 05 09/01/03 0 0417549672 N 08/01/18 0 8430636 E22/G02 F 57,600.00 ZZ 180 57,600.00 1 5.875 482.18 80 5.625 482.18 CROWLEY TX 76036 2 07/03/03 00 0417550969 05 09/01/03 0 0417550969 N 08/01/18 0 8430638 E22/G02 F 58,400.00 ZZ 180 58,400.00 1 5.875 488.88 80 5.625 488.88 CROWLEY TX 76036 2 07/03/03 00 0417551835 05 09/01/03 0 0417551835 N 08/01/18 0 1 8430764 N74/G02 F 130,900.00 ZZ 180 129,997.53 1 6.000 1,104.61 85 5.750 1,104.61 RALEIGH NC 27612 5 06/25/03 10 0436157390 05 07/30/03 12 2200001137 O 06/30/18 0 8430812 N47/G02 F 191,250.00 ZZ 180 190,563.89 1 5.500 1,562.67 75 5.250 1,562.67 NORWALK CA 90650 5 06/20/03 00 0436134225 05 08/01/03 0 30506121 O 07/01/18 0 8430972 M82/G02 F 314,200.00 ZZ 180 313,060.87 1 5.375 2,546.48 62 5.125 2,546.48 ALPHARETTA GA 30005 5 06/26/03 00 0436233738 05 08/01/03 0 10301 O 07/01/18 0 8431058 N47/G02 F 157,500.00 ZZ 180 156,910.75 2 5.000 1,245.50 47 4.750 1,245.50 BELL GARDENS CA 90201 2 06/24/03 00 0436177497 05 08/01/03 0 30504949 O 07/01/18 0 8431196 642/G02 F 67,425.00 ZZ 180 66,960.16 2 6.000 568.97 75 5.750 568.97 SCHENECTADY NY 12306 5 05/28/03 00 0436105894 05 07/01/03 0 09-1608-02 N 06/01/18 0 8431300 S11/G02 F 380,000.00 ZZ 180 378,622.31 1 1 5.375 3,079.77 80 5.125 3,079.77 FAIR OAKS CA 95628 5 06/23/03 00 0436083976 05 08/01/03 0 10211581 O 07/01/18 0 8432490 N47/G02 F 81,500.00 ZZ 180 81,201.40 1 5.250 655.16 25 5.000 655.16 SAN FRANCISCO CA 94103 2 06/19/03 00 0436221253 01 08/01/03 0 20507097 O 07/01/18 0 8432560 U85/G02 F 45,000.00 ZZ 180 45,000.00 2 5.750 373.68 73 5.500 373.68 MILWAUKEE WI 53215 5 07/03/03 00 0436279368 05 09/01/03 0 TQS228 O 08/01/18 0 8432660 U35/G02 F 87,000.00 ZZ 180 86,704.02 1 6.125 740.04 93 5.875 740.04 LA CROSSE WI 54603 5 06/26/03 04 0436207260 05 08/01/03 25 12317522 O 07/01/18 0 8433694 286/286 F 100,100.00 ZZ 180 99,040.13 2 5.750 831.25 75 5.500 831.25 BLOOMINGTON IL 61701 1 04/29/03 00 2237789 05 06/01/03 0 2237789 N 05/01/18 0 8433698 286/286 F 166,000.00 ZZ 180 164,223.88 1 5.625 1,367.40 73 5.375 1,367.40 GURNEE IL 60031 2 04/25/03 00 2163989 05 06/01/03 0 1 2163989 O 05/01/18 0 8433700 286/286 F 165,000.00 ZZ 180 163,800.90 1 5.375 1,337.27 72 5.125 1,337.27 BRICK NJ 08724 5 05/05/03 00 2168554 05 07/01/03 0 2168554 O 06/01/18 0 8433702 286/286 F 108,000.00 ZZ 180 106,818.05 1 5.375 875.30 80 5.125 875.30 SPRING GROVE PA 17362 5 04/30/03 00 2171829 05 06/01/03 0 2171829 O 05/01/18 0 8433704 286/286 F 47,000.00 ZZ 180 46,486.51 1 5.375 380.92 70 5.125 380.92 GETTYSBURG PA 17325 5 04/30/03 00 2172254 05 06/01/03 0 2172254 N 05/01/18 0 8433710 286/286 F 184,000.00 ZZ 180 182,662.83 1 5.375 1,491.26 80 5.125 1,491.26 DAVIE FL 33331 5 05/15/03 00 2351071 05 07/01/03 0 2351071 O 06/01/18 0 8433712 286/286 F 400,000.00 ZZ 180 397,212.90 1 5.875 3,348.48 80 5.625 3,348.48 QUINCY MA 02169 5 05/05/03 00 2292106 05 07/01/03 0 2292106 O 06/01/18 0 1 8433714 286/286 F 216,500.00 ZZ 180 209,380.18 1 5.500 1,768.99 51 5.250 1,768.99 PHOENIXVILLE PA 19460 5 04/23/03 00 2169099 05 06/01/03 0 2169099 O 05/01/18 0 8433716 286/286 F 44,000.00 ZZ 180 43,699.84 1 6.125 374.28 74 5.875 374.28 SAVANNA GA 31415 5 05/16/03 00 2305696 05 07/01/03 0 2305696 N 06/01/18 0 8433718 286/286 F 130,000.00 ZZ 180 128,579.70 1 5.375 1,053.61 27 5.125 1,053.61 BLOOMINGDALE IL 60108 5 04/29/03 00 2263439 05 06/01/03 0 2263439 O 05/01/18 0 8433720 286/286 F 368,000.00 ZZ 180 364,103.66 1 5.750 3,055.91 80 5.500 3,055.91 EDMONDS WA 98026 5 04/18/03 00 2242787 05 06/01/03 0 2242787 O 05/01/18 0 8433722 286/286 F 164,800.00 ZZ 180 161,809.45 1 5.750 1,368.52 80 5.500 1,368.52 AUSINBURG OH 44010 5 04/30/03 00 2321397 05 06/01/03 0 2321397 O 05/01/18 0 8433724 286/286 F 20,000.00 ZZ 180 19,862.10 1 6.000 168.78 53 5.750 168.78 1 DANVILLE IL 61832 5 05/13/03 00 2276710 05 07/01/03 0 2276710 N 06/01/18 0 8433726 286/286 F 20,000.00 ZZ 180 19,862.10 1 6.000 168.78 59 5.750 168.78 DANVILLE IL 61832 5 05/13/03 00 2276716 05 07/01/03 0 2276716 N 06/01/18 0 8433728 286/286 F 233,000.00 ZZ 180 230,382.89 3 6.000 1,966.19 43 5.750 1,966.19 STAMFORD CT 06902 2 04/21/03 00 2124056 05 06/01/03 0 2124056 N 05/01/18 0 8433730 286/286 F 113,500.00 ZZ 180 112,675.17 1 5.375 919.88 57 5.125 919.88 ANNAPOLIS MD 21403 2 05/08/03 00 2253019 05 07/01/03 0 2253019 O 06/01/18 0 8433732 286/286 F 232,000.00 ZZ 180 229,491.62 1 5.500 1,895.64 80 5.250 1,895.64 MIAMI FL 33165 5 04/24/03 00 2209562 05 06/01/03 0 2209562 O 05/01/18 0 8433734 286/286 F 76,200.00 ZZ 180 75,269.40 1 5.500 622.62 77 5.250 622.62 BLUE SPRINGS MO 64015 5 04/28/03 00 2226760 05 06/01/03 0 2226760 O 05/01/18 0 1 8433736 286/286 F 260,000.00 ZZ 180 257,275.93 1 5.875 2,176.51 80 5.625 2,176.51 ST. JAMES NY 11780 5 04/23/03 00 2273135 05 06/01/03 0 2273135 O 05/01/18 0 8433738 286/286 F 121,783.00 ZZ 180 120,907.20 1 5.500 995.07 79 5.250 995.07 LOS ANGELES CA 90015 5 05/13/03 00 2270928 01 07/01/03 0 2270928 O 06/01/18 0 8433744 286/286 F 68,500.00 ZZ 180 67,866.68 1 5.250 550.66 51 5.000 550.66 DAVIE FL 33324 5 05/05/03 00 2222440 01 07/01/03 0 2222440 O 06/01/18 0 8433748 286/286 F 66,500.00 ZZ 180 65,780.98 1 5.500 543.37 70 5.250 543.37 MIDLOTHIAN IL 60445 5 04/30/03 00 2139054 01 06/01/03 0 2139054 O 05/01/18 0 8433750 286/286 F 178,000.00 ZZ 180 176,095.48 1 5.625 1,466.25 91 5.375 1,466.25 SAPELLO NM 87745 5 04/03/03 12 2056281 05 06/01/03 30 2056281 O 05/01/18 0 8433752 286/286 F 156,800.00 ZZ 180 155,718.96 1 1 6.000 1,323.17 80 5.750 1,323.17 MIAMI FL 33175 5 05/08/03 00 2250974 05 07/01/03 0 2250974 O 06/01/18 0 8433756 286/286 F 108,500.00 ZZ 180 107,172.14 1 5.375 879.36 43 5.125 879.36 LEETONIA OH 44431 2 04/22/03 00 2157930 05 06/01/03 0 2157930 O 05/01/18 0 8433758 286/286 F 357,000.00 ZZ 180 353,140.14 1 5.500 2,916.99 54 5.250 2,916.99 MAHWAH NJ 07430 2 04/23/03 00 2013257 05 06/01/03 0 2013257 O 05/01/18 0 8433762 286/286 F 142,500.00 ZZ 180 141,091.95 2 6.625 1,251.15 75 6.375 1,251.15 PATERSON NJ 07501 5 04/18/03 00 2048492 05 06/01/03 0 2048492 N 05/01/18 0 8433768 286/286 F 139,000.00 ZZ 180 137,166.45 1 5.625 1,144.99 39 5.375 1,144.99 WATSONVILLE CA 95076 2 04/16/03 00 2199428 05 06/01/03 0 2199428 N 05/01/18 0 8433772 286/286 F 240,000.00 ZZ 180 237,485.46 1 5.875 2,009.09 80 5.625 2,009.09 BOWLING GREEN KY 42104 5 04/17/03 00 2201151 05 06/01/03 0 1 2201151 O 05/01/18 0 8433774 286/286 F 290,500.00 ZZ 180 287,424.20 1 5.750 2,412.35 70 5.500 2,412.35 CHANDLER AZ 85248 2 04/14/03 00 1983062 05 06/01/03 0 1983062 O 05/01/18 0 8433776 286/286 F 176,000.00 ZZ 180 174,707.52 1 5.250 1,414.83 80 5.000 1,414.83 SHAVANO PARK TX 78231 1 05/15/03 00 2350596 05 07/01/03 0 2350596 O 06/01/18 0 8433778 286/286 F 45,000.00 ZZ 180 44,702.70 1 6.500 392.00 75 6.250 392.00 KANSAS CITY MO 64126 5 05/06/03 00 2238709 05 07/01/03 0 2238709 N 06/01/18 0 8433782 286/286 F 55,000.00 ZZ 180 54,392.81 1 5.250 442.14 48 5.000 442.14 CHAMPAIGN IL 61821 2 04/18/03 00 1998003 05 06/01/03 0 1998003 O 05/01/18 0 8433786 286/286 F 180,000.00 ZZ 180 178,114.09 1 5.875 1,506.82 67 5.625 1,506.82 STRATFORD CT 06615 2 04/28/03 00 2254217 05 06/01/03 0 2254217 N 05/01/18 0 1 8433788 286/286 F 140,000.00 ZZ 180 138,486.32 1 5.500 1,143.92 80 5.250 1,143.92 MAUMEE OH 43537 2 04/25/03 00 2049664 05 06/01/03 0 2049664 O 05/01/18 0 8433790 286/286 F 121,000.00 ZZ 180 119,673.65 1 5.375 980.67 38 5.125 980.67 SALINAS CA 93901 2 04/15/03 00 2192338 05 06/01/03 0 2192338 N 05/01/18 0 8433794 286/286 F 124,500.00 TX 180 121,925.96 1 6.125 1,059.03 75 5.875 1,059.03 ALLEN TX 75013 5 01/31/03 00 2023976 05 03/01/03 0 2023976 N 02/01/18 0 8433812 286/286 F 105,000.00 ZZ 180 104,268.38 1 5.875 878.98 80 5.625 878.98 PANAMA CITY FL 32404 5 05/16/03 00 2307247 05 07/01/03 0 2307247 N 06/01/18 0 8433814 286/286 F 425,000.00 ZZ 180 420,686.08 1 6.250 3,644.05 60 6.000 3,644.05 WASHINGTON DC 20007 2 04/11/03 00 2081591 05 06/01/03 0 2081591 N 05/01/18 0 8433818 286/286 F 174,900.00 ZZ 180 173,642.21 1 5.500 1,429.08 77 5.250 1,429.08 1 STILLWATER MN 55082 5 05/06/03 00 2102864 05 07/01/03 0 2102864 O 06/01/18 0 8433820 286/286 F 98,800.00 ZZ 180 97,753.90 1 5.750 820.45 80 5.500 820.45 GARLAND TX 75044 1 04/30/03 00 2248837 05 06/01/03 0 2248837 N 05/01/18 0 8433822 286/286 F 113,600.00 ZZ 180 112,300.99 1 6.500 989.58 80 6.250 989.58 ALBUQUERQUE NM 87108 5 04/07/03 00 2217790 05 06/01/03 0 2217790 O 05/01/18 0 8433824 286/286 F 133,000.00 ZZ 180 131,606.53 1 5.875 1,113.37 80 5.625 1,113.37 PORTAGE WI 53901 5 04/15/03 00 2186655 05 06/01/03 0 2186655 O 05/01/18 0 8433826 286/286 F 100,000.00 ZZ 180 98,952.20 1 5.875 837.12 38 5.625 837.12 WHEATON MD 20906 5 04/30/03 00 2298084 05 06/01/03 0 2298084 N 05/01/18 0 8433828 286/286 F 54,985.00 ZZ 180 54,601.88 2 5.875 460.29 76 5.625 460.29 CANTON OH 44708 2 05/14/03 00 2223910 05 07/01/03 0 2223910 N 06/01/18 0 1 8433830 286/286 F 57,000.00 TX 180 56,409.06 1 6.000 481.00 75 5.750 481.00 CONROE TX 77301 5 04/22/03 00 2248576 05 06/01/03 0 2248576 N 05/01/18 0 8433832 286/286 F 100,000.00 ZZ 180 98,907.46 1 5.375 810.47 43 5.125 810.47 DOWNEY CA 90240 2 04/22/03 00 2139293 05 06/01/03 0 2139293 O 05/01/18 0 8433834 286/286 F 110,600.00 ZZ 180 109,829.36 2 5.875 925.86 70 5.625 925.86 PROVIDENCE RI 02904 5 05/07/03 00 2226181 05 07/01/03 0 2226181 N 06/01/18 0 8433836 286/286 F 126,600.00 ZZ 180 125,273.59 1 5.875 1,059.79 74 5.625 1,059.79 CHICAGO IL 60629 5 04/14/03 00 2286356 05 06/01/03 0 2286356 O 05/01/18 0 8433838 286/286 F 42,500.00 ZZ 180 41,954.63 1 5.625 350.09 50 5.375 350.09 URBANA IL 61802 5 04/15/03 00 2128040 05 06/01/03 0 2128040 N 05/01/18 0 8433840 286/286 F 76,500.00 ZZ 180 75,572.43 1 1 5.500 625.07 26 5.250 625.07 CAPTAIN COOK HI 96704 5 04/24/03 00 2299384 05 06/01/03 0 2299384 O 05/01/18 0 8433842 286/286 F 300,000.00 ZZ 180 297,796.91 2 5.250 2,411.64 57 5.000 2,411.64 HAIKU HI 99000 5 05/09/03 00 2354078 05 07/01/03 0 2354078 O 06/01/18 0 8433844 286/286 F 150,844.00 ZZ 180 148,645.84 1 5.750 1,252.63 80 5.500 1,252.63 FRISCO TX 75034 1 03/28/03 00 2035569 05 05/01/03 0 2035569 O 04/01/18 0 8433850 286/286 F 79,000.00 ZZ 180 78,163.54 1 5.750 656.03 66 5.500 656.03 MESQUITE NM 88048 5 04/16/03 00 2186968 05 06/01/03 0 2186968 O 05/01/18 0 8433852 286/286 F 137,000.00 ZZ 180 134,595.98 1 5.875 1,146.85 70 5.625 1,146.85 MELROSE PARK IL 60160 5 02/27/03 00 2141458 05 04/01/03 0 2141458 O 03/01/18 0 8433854 286/286 F 124,000.00 ZZ 180 122,673.26 1 5.625 1,021.43 90 5.375 1,021.43 DOYLESTOWN OH 44230 2 04/18/03 12 2107504 05 06/01/03 25 1 2107504 O 05/01/18 0 8433856 286/286 F 186,200.00 ZZ 180 184,289.86 1 6.125 1,583.87 95 5.875 1,583.87 MIAMI FL 33165 5 04/29/03 21 2263198 05 06/01/03 30 2263198 O 05/01/18 0 8433860 286/286 F 118,400.00 ZZ 180 117,516.86 1 5.750 983.21 78 5.500 983.21 GILBERT AZ 85296 2 05/05/03 00 2181367 05 07/01/03 0 2181367 N 06/01/18 0 8433866 286/286 F 336,000.00 ZZ 180 332,290.72 1 5.250 2,701.03 80 5.000 2,701.03 CORAL SPRINGS FL 33067 5 04/25/03 00 2271026 05 06/01/03 0 2271026 O 05/01/18 0 8433868 286/286 F 436,000.00 ZZ 180 432,864.51 1 5.500 3,562.49 80 5.250 3,562.49 DARTMOUTH MA 02748 1 05/06/03 00 2312478 05 07/01/03 0 2312478 O 06/01/18 0 8433870 286/286 F 167,950.00 ZZ 180 166,190.37 1 5.875 1,405.94 75 5.625 1,405.94 BURBANK IL 60459 5 04/21/03 00 2306131 05 06/01/03 0 2306131 O 05/01/18 0 1 8433872 286/286 F 183,000.00 ZZ 180 181,697.72 2 5.625 1,507.43 65 5.375 1,507.43 MIAMI FL 33133 2 05/16/03 00 2025549 05 07/01/03 0 2025549 N 06/01/18 0 8433880 286/286 F 255,200.00 ZZ 180 253,345.40 1 5.375 2,068.31 80 5.125 2,068.31 MIAMI FL 33143 5 05/12/03 00 2318194 05 07/01/03 0 2318194 O 06/01/18 0 8433884 286/286 F 288,350.00 ZZ 180 285,232.35 1 5.500 2,356.06 79 5.250 2,356.06 MIAMI FL 33175 5 04/25/03 00 2190802 05 06/01/03 0 2190802 O 05/01/18 0 8433886 286/286 F 175,000.00 ZZ 180 172,803.11 2 5.625 1,441.54 50 5.375 1,441.54 SANTA PAULA CA 93060 2 04/17/03 00 2265143 05 06/01/03 0 2265143 N 05/01/18 0 8433888 286/286 F 175,000.00 ZZ 180 173,147.12 2 5.750 1,453.22 50 5.500 1,453.22 VENTURA CA 93004 5 04/17/03 00 2265199 05 06/01/03 0 2265199 N 05/01/18 0 8433890 286/286 F 86,500.00 ZZ 180 85,871.37 1 5.375 701.06 68 5.125 701.06 1 VANCOUVER WA 98664 5 05/08/03 00 2354293 05 07/01/03 0 2354293 N 06/01/18 0 8433892 286/286 F 180,500.00 ZZ 180 179,242.33 1 5.875 1,511.00 26 5.625 1,511.00 SAN MARINO CA 91108 2 05/09/03 00 2331164 05 07/01/03 0 2331164 N 06/01/18 0 8433894 286/286 F 35,500.00 ZZ 180 35,120.16 1 5.625 292.43 56 5.375 292.43 CARBONDALE IL 62901 2 04/29/03 00 2127461 05 06/01/03 0 2127461 N 05/01/18 0 8433900 286/286 F 182,000.00 ZZ 180 180,052.68 1 5.625 1,499.20 40 5.375 1,499.20 DOWNEY CA 90240 5 04/24/03 00 2134799 05 06/01/03 0 2134799 O 05/01/18 0 8433902 286/286 F 191,500.00 ZZ 180 189,429.51 2 5.500 1,564.72 68 5.250 1,564.72 WEST ORANGE NJ 07052 2 04/22/03 00 2212440 05 06/01/03 0 2212440 O 05/01/18 0 8433904 286/286 F 226,730.00 ZZ 180 225,116.49 1 5.625 1,867.65 79 5.375 1,867.65 OLD HICKORY TN 37138 5 05/05/03 00 2265847 05 07/01/03 0 2265847 O 06/01/18 0 1 8433906 286/286 F 117,000.00 ZZ 180 116,130.99 1 5.625 963.77 60 5.375 963.77 VISTA CA 92083 5 05/12/03 00 2297209 01 07/01/03 0 2297209 N 06/01/18 0 8433908 286/286 F 156,000.00 ZZ 180 154,299.63 3 5.875 1,305.91 80 5.625 1,305.91 GREELEY CO 80631 2 04/24/03 00 1758243 05 06/01/03 0 1758243 N 05/01/18 0 8433910 286/286 F 103,200.00 ZZ 180 101,906.83 1 5.750 856.99 80 5.500 856.99 GRAND RAPIDS MN 55744 5 04/23/03 00 2249040 05 06/01/03 0 2249040 O 05/01/18 0 8433916 286/286 F 102,000.00 ZZ 180 100,873.96 1 5.250 819.96 68 5.000 819.96 WARWICK RI 02886 5 04/30/03 00 2317919 05 06/01/03 0 2317919 O 05/01/18 0 8433918 286/286 F 112,000.00 ZZ 180 111,141.15 1 6.125 952.70 75 5.875 952.70 ALBUQUERQUE NM 87112 5 05/06/03 00 2308772 05 07/01/03 0 2308772 N 06/01/18 0 8433920 286/286 F 517,300.00 ZZ 180 511,822.86 1 1 5.750 4,295.72 35 5.500 4,295.72 HOUSTON TX 77024 2 04/04/03 00 2135040 05 06/01/03 0 2135040 N 05/01/18 0 8433922 286/286 F 80,000.00 ZZ 180 79,156.61 1 6.250 685.94 80 6.000 685.94 ALBUQUERQUE NM 87112 5 04/25/03 00 2270533 05 06/01/03 0 2270533 O 05/01/18 0 8433924 286/286 F 40,400.00 ZZ 180 39,359.55 1 6.625 354.71 90 6.375 354.71 ELOY AZ 85231 1 04/30/03 21 2197736 05 06/01/03 25 2197736 N 05/01/18 0 8433926 286/286 F 120,000.00 ZZ 180 117,550.82 1 6.250 1,028.91 78 6.000 1,028.91 ALBUQUERQUE NM 87123 2 04/30/03 00 2308241 03 06/01/03 0 2308241 O 05/01/18 0 8433928 286/286 F 100,000.00 ZZ 180 98,995.65 1 6.375 864.26 34 6.125 864.26 ADDISON IL 60101 5 04/28/03 00 2199189 05 06/01/03 0 2199189 N 05/01/18 0 8433930 286/286 F 130,000.00 ZZ 180 128,517.82 1 5.750 1,079.54 60 5.500 1,079.54 SACRAMENTO CA 95824 5 04/25/03 00 2060301 05 06/01/03 0 1 2060301 N 05/01/18 0 8433934 286/286 F 60,000.00 ZZ 180 59,377.94 1 6.000 506.32 79 5.750 506.32 MARTINSVILLE IN 46151 2 04/14/03 00 2215230 05 06/01/03 0 2215230 N 05/01/18 0 8433936 286/286 F 240,000.00 ZZ 180 238,108.67 2 5.500 1,961.01 73 5.250 1,961.01 SAN DIMAS CA 91773 5 05/05/03 00 2255038 05 07/01/03 0 2255038 O 06/01/18 0 8433938 286/286 F 60,800.00 T 180 58,995.57 1 6.750 538.02 80 6.500 538.02 VENUS TX 76084 5 10/07/02 00 1623324 05 12/01/02 0 1623324 O 11/01/17 0 8433940 286/286 F 555,290.00 ZZ 180 550,253.22 1 5.375 4,500.44 47 5.125 4,500.44 BONSALL CA 92003 2 05/08/03 00 2233178 05 07/01/03 0 2233178 O 06/01/18 0 8433942 286/286 F 120,000.00 ZZ 180 118,781.90 1 6.250 1,028.91 75 6.000 1,028.91 ALBUQUERQUE NM 87107 5 04/30/03 00 2236534 05 06/01/03 0 2236534 N 05/01/18 0 1 8433944 286/286 F 182,000.00 ZZ 180 179,370.26 1 5.500 1,487.08 80 5.250 1,487.08 ROWLETT TX 75088 2 04/04/03 00 2140311 05 06/01/03 0 2140311 N 05/01/18 0 8433946 286/286 F 195,000.00 ZZ 180 193,641.28 3 5.875 1,632.39 71 5.625 1,632.39 LONG BEACH CA 90806 2 04/30/03 00 2301772 05 07/01/03 0 2301772 O 06/01/18 0 8433948 286/286 F 280,000.00 ZZ 180 277,066.36 1 5.875 2,343.94 80 5.625 2,343.94 SAN DIEGO CA 92111 5 04/24/03 00 2249796 05 06/01/03 0 2249796 O 05/01/18 0 8433950 286/286 F 240,000.00 TX 180 235,455.29 1 5.500 1,961.01 74 5.250 1,961.01 AUSTIN TX 78738 5 03/31/03 00 2173560 05 05/01/03 0 2173560 N 04/01/18 0 8433952 286/286 F 146,400.00 ZZ 180 145,390.66 1 6.000 1,235.41 80 5.750 1,235.41 SALT LAKE CITY UT 84121 2 05/21/03 00 2230302 01 07/01/03 0 2230302 N 06/01/18 0 8433956 286/286 F 168,750.00 ZZ 180 166,925.49 1 5.500 1,378.83 75 5.250 1,378.83 1 TURLOCK CA 95382 5 04/17/03 00 2229647 05 06/01/03 0 2229647 N 05/01/18 0 8433958 286/286 F 207,500.00 ZZ 180 204,128.20 1 5.375 1,681.72 61 5.125 1,681.72 UKIAH CA 95482 2 05/06/03 00 2265094 05 07/01/03 0 2265094 N 06/01/18 0 8433960 286/286 F 147,500.00 ZZ 180 145,723.44 1 5.875 1,234.75 80 5.625 1,234.75 GLENDALE AZ 85310 5 04/17/03 00 2227399 03 06/01/03 0 2227399 O 05/01/18 0 8433962 286/286 F 170,000.00 ZZ 180 168,815.47 1 5.875 1,423.11 64 5.625 1,423.11 SANTA ANA CA 92706 5 05/06/03 00 2289348 05 07/01/03 0 2289348 N 06/01/18 0 8433966 286/286 F 83,600.00 ZZ 180 82,843.43 1 5.375 677.55 95 5.125 677.55 NORWICH NY 13815 5 05/02/03 21 2236107 05 07/01/03 30 2236107 O 06/01/18 0 8433970 286/286 F 143,500.00 ZZ 180 142,500.12 1 5.875 1,201.27 40 5.625 1,201.27 PASADENA CA 91104 2 05/05/03 00 2292332 05 07/01/03 0 2292332 N 06/01/18 0 1 8434130 E84/G02 F 212,000.00 ZZ 180 211,247.44 1 5.625 1,746.31 79 5.375 1,746.31 BAILEY CO 80421 5 06/11/03 00 0436075360 05 08/01/03 0 32814841 O 07/01/18 0 8434132 E22/G02 F 65,000.00 ZZ 180 64,769.26 1 5.625 535.43 71 5.375 535.43 LOUISVILLE KY 40229 2 07/03/03 00 0417219375 05 08/01/03 0 0417219375 N 07/01/18 0 8434150 E22/G02 F 202,000.00 ZZ 180 201,267.65 1 5.375 1,637.14 90 5.125 1,637.14 DULUTH GA 30097 2 06/30/03 01 0417243938 05 08/01/03 12 0417243938 O 07/01/18 0 8434186 E22/G02 F 155,000.00 ZZ 180 154,414.03 1 4.875 1,215.66 33 4.625 1,215.66 SAN FRANCISCO CA 94112 2 06/24/03 00 0417358843 05 08/01/03 0 0417358843 O 07/01/18 0 8434216 E22/G02 F 215,000.00 ZZ 180 214,244.83 1 5.750 1,785.38 85 5.500 1,785.38 MIAMI FL 33196 5 07/01/03 04 0417395472 03 08/01/03 6 0417395472 O 07/01/18 0 8434234 E22/G02 F 108,000.00 ZZ 180 107,444.03 1 1 5.375 875.30 80 5.125 875.30 LOUISVILLE KY 40258 5 06/30/03 00 0417503786 05 08/01/03 0 0417503786 O 07/01/18 0 8434242 E22/G02 F 46,000.00 ZZ 180 46,000.00 1 5.000 363.77 80 4.750 363.77 BETHANY OK 73008 2 06/30/03 00 0417521440 05 09/01/03 0 0417521440 O 08/01/18 0 8434344 E22/G02 F 150,000.00 ZZ 180 150,000.00 1 6.000 1,265.79 46 5.750 1,265.79 OZONE PARK NY 11417 5 07/01/03 00 0417123189 05 09/01/03 0 0417123189 O 08/01/18 0 8434482 E22/G02 F 108,000.00 ZZ 180 107,604.31 1 5.250 868.19 90 5.000 868.19 NORFOLK VA 23518 5 07/01/03 01 0417330990 05 08/01/03 25 0417330990 O 07/01/18 0 8434504 E22/G02 F 100,000.00 ZZ 180 99,633.62 1 5.250 803.88 37 5.000 803.88 ABERDEEN NJ 07747 5 06/27/03 00 0417341252 05 08/01/03 0 0417341252 O 07/01/18 0 8434562 E22/G02 F 87,400.00 TX 180 87,069.58 1 4.875 685.48 43 4.625 685.48 DALLAS TX 75248 5 06/30/03 00 0417450780 05 08/01/03 0 1 0417450780 O 07/01/18 0 8434692 E22/G02 F 90,000.00 ZZ 180 89,663.29 1 5.000 711.71 61 4.750 711.71 ORLANDO FL 32824 1 07/07/03 00 0417566932 03 08/01/03 0 0417566932 O 07/01/18 0 8434754 E22/G02 F 50,000.00 TX 120 49,682.29 1 5.250 536.46 33 5.000 536.46 HOUSTON TX 77070 5 07/01/03 00 0417584935 03 08/01/03 0 0417584935 O 07/01/13 0 8434818 E84/G02 F 82,000.00 ZZ 180 80,401.50 1 5.250 659.18 71 5.000 659.18 BOISE ID 83706 2 05/21/03 00 0436075428 05 07/01/03 0 1101051212 O 06/01/18 0 8434864 E22/G02 F 115,000.00 TX 180 114,569.76 1 5.000 909.41 43 4.750 909.41 SAN ANTONIO TX 78216 5 06/30/03 00 0417624897 03 08/01/03 0 0417624897 O 07/01/18 0 8434954 E22/G02 F 269,500.00 ZZ 180 268,491.73 1 5.000 2,131.19 75 4.750 2,131.19 DRAPER UT 84020 2 06/27/03 00 0417683216 05 08/01/03 0 0417683216 O 07/01/18 0 1 8435012 601/G02 F 150,000.00 ZZ 180 147,669.03 1 5.875 1,255.68 75 5.625 1,255.68 GARFIELD NJ 07026 5 04/28/03 00 0436123640 05 06/01/03 0 62738075 O 05/01/18 0 8435102 E22/G02 F 275,000.00 ZZ 180 273,981.85 1 5.125 2,192.63 43 4.875 2,192.63 TORRANCE CA 90505 5 06/24/03 00 0416746485 05 08/01/03 0 0416746485 O 07/01/18 0 8435126 E22/G02 F 349,000.00 T 180 343,706.15 1 5.125 2,782.65 46 4.875 2,782.65 KETCHUM OK 74074 2 06/30/03 00 0416819415 03 08/01/03 0 0416819415 O 07/01/18 0 8436276 601/G02 F 184,500.00 ZZ 180 183,130.90 1 5.125 1,471.06 79 4.875 1,471.06 LAKEWOOD CO 80228 2 06/02/03 00 0436111264 05 07/01/03 0 62866066 O 06/01/18 0 8436326 601/G02 F 128,000.00 ZZ 180 127,098.65 1 5.750 1,062.93 76 5.500 1,062.93 ELGIN IL 60120 5 05/13/03 00 0436111249 05 07/01/03 0 62879762 O 06/01/18 0 8436430 601/G02 F 65,500.00 ZZ 180 63,122.09 1 5.500 535.19 79 5.250 535.19 1 HICKORY NC 28601 2 05/22/03 00 0436111199 07 07/01/03 0 62820683 O 06/01/18 0 8436450 601/G02 F 240,000.00 ZZ 180 237,350.51 1 5.250 1,929.31 77 5.000 1,929.31 HAMPDEN MA 01036 2 04/18/03 00 0436111124 05 06/01/03 0 62806633 O 05/01/18 0 8436812 601/G02 F 162,000.00 ZZ 180 160,834.98 1 5.500 1,323.68 90 5.250 1,323.68 NORTH EAST MD 21901 5 05/30/03 11 0436114979 05 07/01/03 12 62906276 O 06/01/18 0 8437386 A19/G02 F 375,000.00 ZZ 180 375,000.00 1 5.125 2,989.95 43 4.875 2,989.95 BROOKLINE MA 02446 5 07/02/03 00 0436137764 05 09/01/03 0 0312781 O 08/01/18 0 8437466 601/G02 F 99,520.00 ZZ 180 98,455.18 1 5.625 819.78 80 5.375 819.78 JOHNSTON IA 50131 1 04/30/03 00 0436115273 05 06/01/03 0 62907506 O 05/01/18 0 8438868 253/253 F 52,200.00 ZZ 180 52,012.73 1 5.500 426.52 76 5.250 426.52 GRAND PRAIRIE TX 75052 2 06/25/03 00 474437 05 08/01/03 0 474437 N 07/01/18 0 1 8438926 601/G02 F 106,000.00 ZZ 180 105,261.41 1 5.875 887.35 71 5.625 887.35 TAMPA FL 33629 2 05/02/03 00 0436108658 05 07/01/03 0 62910906 N 06/01/18 0 8438966 601/G02 F 60,050.00 ZZ 180 59,084.50 1 5.750 498.67 67 5.500 498.67 FORT WORTH TX 76108 2 05/19/03 00 0436109896 05 07/01/03 0 62931142 N 06/01/18 0 8439124 601/G02 F 80,000.00 ZZ 180 79,436.66 1 5.750 664.33 80 5.500 664.33 OGDEN UT 84404 1 05/01/03 00 0436110043 05 07/01/03 0 62885066 N 06/01/18 0 8439242 601/G02 F 90,000.00 ZZ 180 89,359.54 2 5.625 741.36 72 5.375 741.36 KAUKAUNA WI 54130 2 05/06/03 00 0436127146 05 07/01/03 0 62935689 N 06/01/18 0 8439346 M37/G02 F 99,350.00 ZZ 180 99,008.38 1 6.000 838.37 75 5.750 838.37 CHANDLER AZ 85225 5 06/26/03 00 0436120307 03 08/01/03 0 613614 N 07/01/18 0 8439646 601/G02 F 192,600.00 ZZ 180 191,229.40 1 1 5.625 1,586.51 80 5.375 1,586.51 LAYTON UT 84040 2 05/12/03 00 0436107635 05 07/01/03 0 62959754 O 06/01/18 0 8439678 601/G02 F 84,000.00 ZZ 180 83,701.81 1 5.625 691.94 54 5.375 691.94 COOKSON OK 74427 5 06/13/03 00 0436108096 05 08/01/03 0 62945068 O 07/01/18 0 8439742 A06/G02 F 212,000.00 ZZ 180 212,000.00 1 5.375 1,718.19 80 5.125 1,718.19 FLINT MI 48532 5 06/30/03 00 0436120109 05 09/01/03 0 021000020313034 O 08/01/18 0 8439822 E82/G02 F 75,050.00 ZZ 180 75,050.00 2 5.875 628.26 66 5.625 628.26 SPRINGFIELD MA 01119 2 07/07/03 00 0400857140 05 09/01/03 0 0400857140 N 08/01/18 0 8439866 W35/G02 F 233,300.00 ZZ 120 231,777.38 1 4.750 2,446.10 34 4.500 2,446.10 CHESTNUT HILL MA 02467 5 06/06/03 00 0436110902 05 08/01/03 0 20341 O 07/01/13 0 8440026 Q30/G02 F 322,700.00 ZZ 180 321,530.06 2 5.375 2,615.37 47 5.125 2,615.37 BROOKLYN NY 11209 5 06/04/03 00 0436124838 05 08/01/03 0 1 21022402 O 07/01/18 0 8440494 E82/G02 F 157,400.00 ZZ 180 157,400.00 1 5.250 1,265.30 79 5.000 1,265.30 CARMICHAEL CA 95608 2 07/02/03 00 0400862678 05 09/01/03 0 0400862678 O 08/01/18 0 8440552 E22/G02 F 139,900.00 TX 180 139,403.38 1 5.625 1,152.40 39 5.375 1,152.40 AUSTIN TX 78704 5 07/02/03 00 0416900058 05 08/01/03 0 0416900058 O 07/01/18 0 8440570 E22/G02 F 30,000.00 ZZ 120 29,815.69 1 5.875 331.18 37 5.625 331.18 FT WORTH TX 76133 2 07/03/03 00 0417067436 05 08/01/03 0 0417067436 N 07/01/13 0 8440596 E22/G02 F 43,000.00 ZZ 180 43,000.00 1 5.750 357.08 46 5.500 357.08 VERO BEACH FL 32967 2 07/02/03 00 0417209681 05 09/01/03 0 0417209681 O 08/01/18 0 8440614 E22/G02 F 448,000.00 TX 180 446,375.78 1 5.375 3,630.89 80 5.125 3,630.89 FORT WORTH TX 76126 5 07/02/03 00 0417266053 05 08/01/03 0 0417266053 O 07/01/18 0 1 8440746 E22/G02 F 85,000.00 ZZ 180 84,707.72 1 6.000 717.28 95 5.750 717.28 SUFFOLK VA 23434 5 06/30/03 04 0417461621 05 08/01/03 25 0417461621 O 07/01/18 0 8440750 E22/G02 F 68,800.00 ZZ 180 68,800.00 1 5.250 553.07 80 5.000 553.07 OMAHA NE 68114 1 07/08/03 00 0417473139 05 09/01/03 0 0417473139 N 08/01/18 0 8440790 E22/G02 F 107,500.00 TX 180 107,110.26 1 5.375 871.25 70 5.125 871.25 BURLESON TX 76028 5 07/02/03 00 0417540507 05 08/01/03 0 0417540507 O 07/01/18 0 8440808 E22/G02 F 191,700.00 ZZ 180 191,700.00 3 5.750 1,591.90 90 5.500 1,591.90 NEWARK NJ 07106 5 06/30/03 01 0417584414 05 09/01/03 12 0417584414 O 08/01/18 0 8440820 E22/G02 F 125,600.00 TX 180 125,600.00 1 5.375 1,017.94 80 5.125 1,017.94 CARROLLTON TX 75007 5 07/02/03 00 0417595311 03 09/01/03 0 0417595311 O 08/01/18 0 8440890 E22/G02 F 95,200.00 ZZ 180 95,200.00 1 5.375 771.56 80 5.125 771.56 1 BELLINGHAM WA 98229 5 06/30/03 00 0417706728 05 09/01/03 0 0417706728 O 08/01/18 0 8440930 601/G02 F 219,600.00 ZZ 180 218,037.26 1 5.625 1,808.92 95 5.375 1,808.92 LAFAYETTE LA 70508 1 05/30/03 04 0436108351 05 07/01/03 25 63057608 O 06/01/18 0 8440976 G51/G02 F 216,000.00 ZZ 180 215,249.32 2 5.875 1,808.18 90 5.625 1,808.18 TUCSON AZ 85719 1 06/25/03 01 0436121248 05 08/01/03 25 22000882 N 07/01/18 0 8441046 E84/G02 F 445,500.00 ZZ 180 443,884.85 1 5.375 3,610.62 60 5.125 3,610.62 CORNELIUS NC 28031 5 06/06/03 00 0436344220 05 08/01/03 0 47111957 O 07/01/18 0 8441192 601/G02 F 95,500.00 ZZ 180 94,827.51 1 5.750 793.04 64 5.500 793.04 OREM UT 84057 2 05/19/03 00 0436109474 05 07/01/03 0 6293778 N 06/01/18 0 8441524 601/G02 F 150,000.00 ZZ 180 148,898.46 1 5.250 1,205.82 77 5.000 1,205.82 BATON ROUGE LA 70808 2 05/16/03 00 0436104830 05 07/01/03 0 62961529 O 06/01/18 0 1 8441644 601/G02 F 45,000.00 ZZ 180 44,840.26 1 5.625 370.68 75 5.375 370.68 BEMIDJI MN 56601 1 06/11/03 00 0436105209 05 08/01/03 0 63059968 N 07/01/18 0 8441762 Q87/G02 F 50,400.00 ZZ 180 50,217.28 1 5.375 408.47 70 5.125 408.47 LENIOR CITY TN 37771 5 06/29/03 00 0436129431 05 08/03/03 0 MUST02 O 07/03/18 0 8442386 U36/G02 F 176,000.00 ZZ 180 175,381.81 1 5.750 1,461.52 80 5.500 1,461.52 GAITHERSBURG MD 20878 1 06/26/03 00 0436229157 09 08/01/03 0 294102003 N 07/01/18 0 8443046 E47/G02 F 202,975.00 ZZ 180 202,239.12 1 5.375 1,645.04 70 5.125 1,645.04 SACRAMENTO CA 95829 5 06/20/03 00 0436147847 05 08/01/03 0 7359515173 O 07/01/18 0 8443102 E57/G02 F 216,800.00 ZZ 180 215,997.33 1 5.125 1,728.59 80 4.875 1,728.59 PICO RIVERA CA 90660 5 06/16/03 00 0436126650 05 08/01/03 0 06017022 O 07/01/18 0 8443968 H93/G02 F 66,400.00 ZZ 180 66,171.68 1 1 6.000 560.32 80 5.750 560.32 NORTH PORT FL 34287 5 06/30/03 00 0436136923 03 08/01/03 0 2003000820 N 07/01/18 0 8444080 742/G02 F 885,000.00 ZZ 180 881,757.56 1 5.250 7,114.32 45 5.000 7,114.32 HARVEYS LAKE PA 18618 2 06/17/03 00 0436176226 05 08/01/03 0 6593321 O 07/01/18 0 8444208 W68/G02 F 204,030.00 TX 180 203,305.73 1 5.625 1,680.66 26 5.375 1,680.66 AUSTIN TX 78703 5 06/20/03 00 0436233555 05 08/01/03 0 3054100 O 07/01/18 0 8444774 144/144 F 100,000.00 ZZ 180 99,366.33 1 5.250 803.88 80 5.000 803.88 KINGSTON NY 12401 1 06/02/03 00 160726125000000 05 08/01/03 0 1 O 07/01/18 0 8444786 144/144 F 120,000.00 ZZ 180 119,100.23 1 5.000 948.95 47 4.750 948.95 MIDDLETOWN NY 10941 2 05/28/03 00 160725382000000 05 07/01/03 0 1 O 06/01/18 0 8444812 952/G02 F 157,000.00 ZZ 180 156,418.73 1 5.125 1,251.79 62 4.875 1,251.79 WEST BABYLON NY 11704 2 06/24/03 00 0436125744 05 08/01/03 0 1 03003232 O 07/01/18 0 8444902 W39/G02 F 112,000.00 ZZ 180 112,000.00 2 6.000 945.12 80 5.750 945.12 FORT MYERS BEAC FL 33931 1 07/09/03 00 0436124259 05 09/01/03 0 LA033589 N 08/01/18 0 8445850 967/G02 F 49,300.00 ZZ 180 49,130.48 1 6.000 416.02 40 5.750 416.02 WEST VALLEY UT 84120 2 06/25/03 00 0436126726 05 08/01/03 0 6795744 N 07/01/18 0 8446050 B23/G02 F 230,000.00 ZZ 180 230,000.00 1 5.625 1,894.58 75 5.375 1,894.58 LOS ANGELES CA 90016 5 07/01/03 00 0436168389 05 09/01/03 0 80001650 O 08/01/18 0 8446214 N67/G02 F 40,000.00 ZZ 180 39,871.04 1 6.750 353.96 39 6.500 353.96 SPRINGFIELD MO 65807 5 06/09/03 00 0436149116 05 08/01/03 0 3274009117 O 07/01/18 0 8446852 N67/G02 F 40,400.00 ZZ 180 40,266.90 1 6.500 351.93 75 6.250 351.93 PHILADELPHIA PA 19149 1 06/13/03 00 0436170757 05 08/01/03 0 3264002284 O 07/01/18 0 1 8447076 Y23/G02 F 104,550.00 TX 180 104,550.00 1 5.500 854.26 61 5.250 854.26 TEXARKANA TX 75503 5 07/01/03 00 0436248850 05 09/01/03 0 1000222312 O 08/01/18 0 8448066 E22/G02 F 56,000.00 ZZ 180 56,000.00 1 5.375 453.86 69 5.125 453.86 FT WORTH TX 76133 2 07/03/03 00 0417025210 05 09/01/03 0 0417025210 O 08/01/18 0 8448116 E22/G02 F 100,000.00 ZZ 180 100,000.00 2 6.000 843.86 80 5.750 843.86 EAST POINT GA 30344 1 07/09/03 00 0417206836 05 09/01/03 0 0417206836 N 08/01/18 0 8448178 E22/G02 F 177,000.00 ZZ 120 177,000.00 1 5.250 1,899.06 57 5.000 1,899.06 HOUSTON TX 77056 2 07/03/03 00 0417330743 09 09/01/03 0 0417330743 O 08/01/13 0 8448226 E22/G02 F 50,000.00 ZZ 180 50,000.00 1 4.875 392.15 36 4.625 392.15 NEW GLOUCESTER ME 04260 5 07/09/03 00 0417408721 05 09/01/03 0 0417408721 N 08/01/18 0 8448290 E22/G02 F 204,250.00 ZZ 180 204,250.00 1 5.750 1,696.11 95 5.500 1,696.11 1 MEMPHIS TN 38141 5 07/03/03 01 0417531134 05 09/01/03 30 0417531134 O 08/01/18 0 8448412 E22/G02 F 261,600.00 ZZ 180 260,641.56 1 5.250 2,102.94 80 5.000 2,102.94 MILWAUKIE OR 97222 2 06/25/03 00 0417685526 05 08/01/03 0 0417685526 O 07/01/18 0 8449182 G51/G02 F 124,000.00 ZZ 180 124,000.00 1 5.125 988.68 80 4.875 988.68 PALM HARBOR FL 34685 5 07/03/03 00 0436242762 03 09/01/03 0 25003246 O 08/01/18 0 8449220 E47/G02 F 105,000.00 TX 180 104,607.17 1 5.000 830.33 68 4.750 830.33 LAVERNIA TX 78121 5 06/25/03 00 0436292841 05 08/01/03 0 7329014009 O 07/01/18 0 8449328 K15/G02 F 53,900.00 ZZ 180 53,900.00 1 6.000 454.84 93 5.750 454.84 IONIA MI 48846 5 07/02/03 41 0436121081 05 09/01/03 25 035905516994 O 08/01/18 0 8449376 P34/G02 F 90,750.00 ZZ 180 90,437.94 2 6.000 765.81 75 5.750 765.81 PERRYVILLE MD 21903 5 06/10/03 00 0436188478 05 08/01/03 0 16199 N 07/01/18 0 1 8449426 Q57/G02 F 500,000.00 ZZ 180 498,148.82 1 5.125 3,986.60 72 4.875 3,986.60 HERMOSA BEACH CA 90254 2 06/13/03 00 0436183925 05 08/01/03 0 10005760 O 07/01/18 0 8449450 940/G02 F 221,000.00 ZZ 180 220,198.77 1 5.375 1,791.13 78 5.125 1,791.13 ALTADENA AREA CA 91001 5 06/27/03 00 0436173538 05 08/01/03 0 40030948 O 07/01/18 0 8449692 253/253 F 56,850.00 ZZ 180 56,646.04 1 5.500 464.52 71 5.250 464.52 GRAND PRAIRIE TX 75052 2 06/25/03 00 474899 05 08/01/03 0 474899 N 07/01/18 0 8449698 K15/G02 F 78,000.00 ZZ 180 77,708.18 1 5.000 616.82 42 4.750 616.82 LARKSPUR CO 80118 5 06/25/03 00 0436132161 09 08/01/03 0 023205510918 O 07/01/18 0 8449774 N74/G02 F 118,000.00 ZZ 180 117,576.67 1 5.500 964.16 85 5.250 964.16 TRAPHILL NC 28685 2 06/27/03 10 0436156038 05 08/02/03 12 0032750010 O 07/02/18 0 8449888 X89/G02 F 183,000.00 ZZ 180 182,336.53 1 1 5.375 1,483.16 61 5.125 1,483.16 RICHMOND CA 94803 2 06/20/03 00 0436134241 05 08/01/03 0 2006592 N 07/01/18 0 8450966 Y23/G02 F 201,600.00 TX 180 201,600.00 1 5.375 1,633.90 80 5.125 1,633.90 HOUSTON TX 77059 5 07/07/03 00 0436229421 05 09/01/03 0 1000235165 O 08/01/18 0 8451038 E82/G02 F 51,000.00 ZZ 180 51,000.00 1 5.375 413.34 39 5.125 413.34 BEND OR 97707 2 07/07/03 00 0400842357 05 09/01/03 0 0400842357 O 08/01/18 0 8451046 E82/G02 F 35,700.00 ZZ 180 35,700.00 1 5.250 286.98 29 5.000 286.98 LAS VEGAS NV 89103 2 07/03/03 00 0400862314 05 09/01/03 0 0400862314 O 08/01/18 0 8451302 X89/G02 F 129,000.00 ZZ 180 128,527.38 1 5.250 1,037.00 46 5.000 1,037.00 OAKLAND CA 94618 5 06/20/03 00 0436120448 01 08/01/03 0 2006590 N 07/01/18 0 8451504 F96/G02 F 40,500.00 ZZ 180 40,351.62 1 5.250 325.57 75 5.000 325.57 NORTH LAUDERDAL FL 33068 1 06/24/03 00 0436236319 01 08/01/03 0 1 CORA00680 N 07/01/18 0 8451674 E22/G02 F 200,000.00 ZZ 180 199,267.24 1 5.250 1,607.76 80 5.000 1,607.76 PANORAMA CITY(L CA 91402 5 06/30/03 00 0417544673 05 08/01/03 0 0417544673 O 07/01/18 0 8451754 E22/G02 F 596,000.00 TX 180 596,000.00 1 5.250 4,791.11 80 5.000 4,791.11 MC KINNEY TX 75070 5 07/03/03 00 0417645645 03 09/01/03 0 0417645645 O 08/01/18 0 8451786 E22/G02 F 185,000.00 ZZ 180 185,000.00 1 4.875 1,450.95 78 4.625 1,450.95 PHOENIX AZ 85023 2 06/26/03 00 0417706223 05 09/01/03 0 0417706223 O 08/01/18 0 8451988 U05/G02 F 195,200.00 TX 180 194,507.08 1 5.625 1,607.92 80 5.375 1,607.92 HOUSTON TX 77064 5 06/25/03 00 0436173884 03 08/01/03 0 3375976 O 07/01/18 0 8452014 E47/G02 F 125,442.00 TX 180 124,967.77 1 4.875 983.84 45 4.625 983.84 SAN ANTONIO TX 78216 5 06/25/03 00 0436134183 03 08/01/03 0 7329013931 O 07/01/18 0 1 8452036 N74/G02 F 112,500.00 ZZ 180 112,070.25 1 4.750 875.06 78 4.500 875.06 ADVANCE NC 27006 5 06/27/03 00 0436201305 05 08/02/03 0 0032738010 O 07/02/18 0 8452066 X67/G02 F 400,000.00 ZZ 180 398,549.81 1 5.375 3,241.86 67 5.125 3,241.86 PLACERVILLE CA 95667 2 06/20/03 00 0436142970 05 08/01/03 0 00287539 O 07/01/18 0 8452518 W02/G02 F 409,000.00 ZZ 180 407,437.62 1 4.750 3,181.34 50 4.500 3,181.34 REDONDO BEACH CA 90277 2 06/25/03 00 0436161038 05 08/01/03 0 1002621406 O 07/01/18 0 8452520 W02/G02 F 583,000.00 ZZ 180 580,772.95 1 4.750 4,534.76 64 4.500 4,534.76 LOS ANGELES CA 90068 2 06/25/03 00 0436161293 05 08/01/03 0 1002631041 O 07/01/18 0 8452528 W02/G02 F 352,000.00 ZZ 180 350,655.36 1 4.750 2,737.97 56 4.500 2,737.97 LA CANADA CA 91011 2 06/25/03 00 0436161434 05 08/01/03 0 1002647064 O 07/01/18 0 8452546 W02/G02 F 950,000.00 ZZ 180 946,371.01 1 4.750 7,389.41 52 4.500 7,389.41 1 PORTOLA VALLEY CA 94028 2 06/13/03 00 0436156400 05 08/01/03 0 1002493368 O 07/01/18 0 8452550 W02/G02 F 375,000.00 ZZ 180 372,188.19 1 5.000 2,965.48 66 4.750 2,965.48 WESTLAKE VILLAG CA 91361 2 05/30/03 00 0436152516 05 07/01/03 0 1002496295 O 06/01/18 0 8452566 W02/G02 F 450,000.00 ZZ 180 448,298.79 1 4.875 3,529.34 75 4.625 3,529.34 NARBERTH PA 19072 5 06/19/03 00 0436153159 05 08/01/03 0 1002547131 O 07/01/18 0 8452606 W02/G02 F 417,000.00 ZZ 180 415,407.06 1 4.750 3,243.56 64 4.500 3,243.56 TRABUCO CANYON CA 92679 2 06/25/03 00 0436161384 05 08/01/03 0 1002561397 O 07/01/18 0 8452608 W02/G02 F 560,000.00 ZZ 180 557,860.81 1 4.750 4,355.86 65 4.500 4,355.86 SIERRA MADRE CA 91024 2 06/15/03 00 0436147748 05 08/01/03 0 1002562791 O 07/01/18 0 8452610 W02/G02 F 452,000.00 ZZ 180 450,273.36 1 4.750 3,515.81 68 4.500 3,515.81 SAN DIEGO CA 92130 2 06/27/03 00 0436153696 05 08/01/03 0 1002570421 O 07/01/18 0 1 8452620 W02/G02 F 562,500.00 ZZ 180 560,351.25 1 4.750 4,375.31 75 4.500 4,375.31 SAN LEANDRO CA 94577 5 06/25/03 00 0436158174 05 08/01/03 0 1002585529 O 07/01/18 0 8452624 W02/G02 F 412,000.00 ZZ 180 410,426.16 1 4.750 3,204.67 77 4.500 3,204.67 POTOMAC MD 20854 2 06/20/03 00 0436158059 03 08/01/03 0 1002592409 O 07/01/18 0 8452630 W02/G02 F 363,000.00 ZZ 180 361,627.69 1 4.875 2,847.00 41 4.625 2,847.00 REDONDO BEACH CA 90277 2 06/25/03 00 0436148118 05 08/01/03 0 1002600799 O 07/01/18 0 8452632 W02/G02 F 360,500.00 ZZ 180 359,137.13 1 4.875 2,827.40 44 4.625 2,827.40 LONG BEACH CA 90807 2 06/20/03 00 0436158596 05 08/01/03 0 1002603793 O 07/01/18 0 8452692 X31/G02 F 78,000.00 ZZ 180 77,717.22 1 5.375 632.16 27 5.125 632.16 SANTA ANA CA 92703 5 06/18/03 00 0436226278 05 08/01/03 0 80001461 O 07/01/18 0 8452818 G51/G02 F 126,000.00 ZZ 180 126,000.00 1 1 5.875 1,054.77 78 5.625 1,054.77 NORTH PROVIDENC RI 02911 5 06/30/03 00 0436131890 05 09/01/03 0 20006122 O 08/01/18 0 8452904 N74/G02 F 68,800.00 ZZ 180 68,539.90 1 4.875 539.60 80 4.625 539.60 SPRINGDALE AR 72762 2 06/26/03 00 0436126502 05 08/01/03 0 0032697010 O 07/01/18 0 8454778 U05/G02 F 459,750.00 ZZ 180 458,029.96 1 5.000 3,635.67 46 4.750 3,635.67 AUSTIN TX 78730 2 06/26/03 00 0436136550 05 08/01/03 0 3380413 O 07/01/18 0 8455480 808/G02 F 143,000.00 ZZ 180 142,497.72 1 5.750 1,187.49 78 5.500 1,187.49 COMPTON CA 90221 5 06/12/03 00 0436118293 05 08/01/03 0 9901020 O 07/01/18 0 8455688 Q14/G02 F 59,600.00 ZZ 180 59,386.19 1 5.500 486.98 80 5.250 486.98 RAYTOWN MO 64133 5 06/26/03 00 0436130850 05 08/01/03 0 313857 O 07/01/18 0 8456046 975/G02 F 150,000.00 ZZ 180 150,000.00 1 5.375 1,215.70 46 5.125 1,215.70 ALHAMBRA CA 91801 1 07/02/03 00 0436133367 03 09/01/03 0 1 2033271 O 08/01/18 0 8456142 E82/G02 F 93,500.00 ZZ 180 93,500.00 3 5.500 763.97 59 5.250 763.97 LANCASTER CA 93534 2 07/01/03 00 0400839056 05 09/01/03 0 0400839056 O 08/01/18 0 8456372 E22/G02 F 35,000.00 ZZ 180 35,000.00 1 5.125 279.06 31 4.875 279.06 COLORADO SPRING CO 80916 2 07/07/03 00 0416696292 01 09/01/03 0 0416696292 O 08/01/18 0 8456408 E22/G02 F 349,000.00 ZZ 180 349,000.00 1 5.625 2,874.82 57 5.375 2,874.82 WEST BLOOMFIELD MI 48322 2 07/07/03 00 0417169893 05 09/01/03 0 0417169893 O 08/01/18 0 8456410 E22/G02 F 172,000.00 ZZ 180 172,000.00 2 5.875 1,439.84 48 5.625 1,439.84 LINDEN NJ 07036 5 07/07/03 00 0417170057 05 09/01/03 0 0417170057 O 08/01/18 0 8456472 E22/G02 F 235,000.00 ZZ 180 235,000.00 1 5.125 1,873.70 45 4.875 1,873.70 FREEHOLD NJ 07728 2 07/07/03 00 0417407145 05 09/01/03 0 0417407145 O 08/01/18 0 1 8456674 E22/G02 F 65,000.00 ZZ 180 65,000.00 1 5.625 535.43 73 5.375 535.43 GRAND JUNCTION CO 81520 2 07/11/03 00 0417758844 05 09/01/03 0 0417758844 N 08/01/18 0 8458692 X78/G02 F 91,800.00 ZZ 180 91,800.00 1 5.250 737.96 42 5.000 737.96 MARIETTA GA 30068 5 07/08/03 00 0436140057 05 09/01/03 0 990519 O 08/01/18 0 8458900 742/G02 F 40,000.00 ZZ 180 39,856.50 1 5.500 326.83 48 5.250 326.83 PARMA NY 14468 2 06/26/03 00 0436158604 05 08/01/03 0 6638332 O 07/01/18 0 8459046 K15/G02 F 70,000.00 ZZ 180 69,735.37 1 4.875 549.01 39 4.625 549.01 SONORA CA 95370 5 06/24/03 00 0436137137 05 08/01/03 0 026605510216 O 07/01/18 0 8459092 K15/G02 F 60,000.00 ZZ 180 59,775.52 1 5.000 474.48 30 4.750 474.48 WEST CHESTER OH 45069 5 06/25/03 00 0436138093 05 08/01/03 0 028305510113 O 07/01/18 0 8459268 K15/G02 F 114,300.00 ZZ 180 113,885.61 1 5.375 926.36 74 5.125 926.36 1 RAVENNA OH 44266 5 06/10/03 00 0436163406 05 08/01/03 0 028005509567 O 07/01/18 0 8459356 K15/G02 F 55,900.00 ZZ 180 55,690.87 1 5.000 442.05 58 4.750 442.05 BREWER ME 04412 2 06/25/03 00 0436151997 05 08/01/03 0 007005517874 O 07/01/18 0 8459468 K15/G02 F 58,100.00 ZZ 180 57,900.22 1 6.000 490.28 67 5.750 490.28 CINCINNATI OH 45231 5 06/25/03 00 0436152573 05 08/01/03 0 028105510046 O 07/01/18 0 8459534 A06/G02 F 118,500.00 ZZ 180 118,500.00 2 5.875 991.99 75 5.625 991.99 DEARBORN MI 48126 5 07/11/03 00 0436139976 05 09/01/03 0 010114417 N 08/01/18 0 8459998 K15/G02 F 81,200.00 ZZ 180 80,896.21 1 5.000 642.12 78 4.750 642.12 TROTWOOD OH 45426 2 06/25/03 00 0436157887 05 08/01/03 0 027805509684 O 07/01/18 0 8460036 642/G02 F 54,700.00 ZZ 180 54,700.00 1 5.750 454.23 44 5.500 454.23 COLORADO SPRING CO 80910 2 07/09/03 00 0436136873 05 09/01/03 0 06241603 N 08/01/18 0 1 8460052 808/G02 F 150,000.00 ZZ 180 149,456.18 1 5.375 1,215.70 54 5.125 1,215.70 SYLMAR CA 91342 5 06/04/03 00 0436122451 05 08/01/03 0 9507216 O 07/01/18 0 8460310 H58/G02 F 560,000.00 ZZ 180 557,882.93 1 4.875 4,392.07 56 4.625 4,392.07 GOLETA CA 93117 5 06/18/03 00 0436197503 05 08/01/03 0 0000171939 O 07/01/18 0 8461228 E82/G02 F 185,500.00 ZZ 180 185,500.00 1 5.125 1,479.03 80 4.875 1,479.03 CHINO CA 91710 2 07/08/03 00 0400861969 05 09/01/03 0 0400861969 O 08/01/18 0 8461272 E82/G02 F 355,000.00 ZZ 180 355,000.00 1 5.625 2,924.25 42 5.375 2,924.25 SCARSDALE NY 10583 2 07/15/03 00 0400845830 05 09/01/03 0 0400845830 N 08/01/18 0 8461304 E82/G02 F 70,600.00 ZZ 180 70,600.00 2 5.500 576.86 79 5.250 576.86 PHILIDELPHIA PA 19149 2 07/11/03 00 0400859286 05 09/01/03 0 0400859286 O 08/01/18 0 8461324 E82/G02 F 97,600.00 ZZ 180 97,600.00 1 1 5.375 791.01 80 5.125 791.01 FRUITA CO 81521 2 07/16/03 00 0400862355 03 09/01/03 0 0400862355 N 08/01/18 0 8461326 E82/G02 F 105,500.00 ZZ 180 105,500.00 1 5.375 855.04 80 5.125 855.04 FRUITA CO 81521 2 07/16/03 00 0400862389 03 09/01/03 0 0400862389 N 08/01/18 0 8461328 E82/G02 F 108,300.00 ZZ 180 108,300.00 1 5.125 863.50 37 4.875 863.50 LOS ANGELES CA 90041 2 07/08/03 00 0400844742 05 09/01/03 0 0400844742 O 08/01/18 0 8461456 E84/G02 F 125,000.00 ZZ 180 124,532.34 1 5.000 988.49 80 4.750 988.49 LAURENS SC 29360 2 06/06/03 00 0436133425 05 08/01/03 0 93002263 O 07/01/18 0 8461674 X67/G02 F 907,500.00 ZZ 180 904,140.10 1 5.125 7,235.68 65 4.875 7,235.68 PHILADELPHIA PA 19118 2 06/23/03 00 0436240808 05 08/01/03 0 0000416899 O 07/01/18 0 8461770 U05/G02 F 50,000.00 ZZ 180 49,820.63 1 5.500 408.54 31 5.250 408.54 MURPHYS CA 95247 5 06/20/03 00 0436150692 05 08/01/03 0 1 3373083 O 07/01/18 0 8461932 E22/G02 F 45,000.00 ZZ 180 45,000.00 1 5.375 364.71 75 5.125 364.71 ENID OK 73703 5 07/09/03 00 0417646106 05 09/01/03 0 0417646106 O 08/01/18 0 8461964 U05/G02 F 60,000.00 TX 180 59,793.69 1 6.000 506.31 80 5.750 506.31 WALLIS TX 77485 5 06/20/03 00 0436143218 05 08/01/03 0 3366546 O 07/01/18 0 8462014 H49/G02 F 134,400.00 ZZ 180 133,907.59 1 5.250 1,080.41 80 5.000 1,080.41 WEST PALM BEACH FL 33415 5 06/27/03 00 0436144992 03 08/01/03 0 380233403 O 07/01/18 0 8462156 E22/G02 F 80,000.00 TX 180 80,000.00 1 5.000 632.63 80 4.750 632.63 HOUSTON TX 77015 5 07/08/03 00 0416993533 03 09/01/03 0 0416993533 O 08/01/18 0 8462162 E22/G02 F 322,000.00 ZZ 180 322,000.00 1 5.375 2,609.70 80 5.125 2,609.70 WEST BLOOMFIELD MI 48322 2 07/08/03 00 0416997658 05 09/01/03 0 0416997658 O 08/01/18 0 1 8462172 E22/G02 F 49,200.00 ZZ 180 49,200.00 1 5.375 398.75 60 5.125 398.75 WILMINGTON NC 28405 2 07/14/03 00 0417058567 05 09/01/03 0 0417058567 N 08/01/18 0 8462174 E22/G02 F 90,900.00 ZZ 180 90,900.00 1 5.625 748.77 90 5.375 748.77 BAKERSFIELD CA 93308 5 07/07/03 01 0417070125 05 09/01/03 12 0417070125 O 08/01/18 0 8462238 E22/G02 F 54,000.00 ZZ 180 54,000.00 1 5.375 437.65 60 5.125 437.65 WILMINGTON NC 28409 5 07/14/03 00 0417213220 05 09/01/03 0 0417213220 N 08/01/18 0 8462244 E22/G02 F 72,000.00 T 180 72,000.00 1 5.500 588.30 45 5.250 588.30 PALM SPRINGS CA 92262 5 07/02/03 00 0417223997 01 09/01/03 0 0417223997 O 08/01/18 0 8462260 E22/G02 F 360,000.00 ZZ 180 360,000.00 1 5.875 3,013.63 70 5.625 3,013.63 OAKLAND CA 94611 5 07/07/03 00 0417271780 05 09/01/03 0 0417271780 N 08/01/18 0 8462266 E22/G02 F 59,000.00 ZZ 180 59,000.00 1 5.375 478.17 72 5.125 478.17 1 HOUSTON TX 77017 2 07/09/03 00 0417278967 05 09/01/03 0 0417278967 O 08/01/18 0 8462316 E22/G02 F 108,000.00 ZZ 180 108,000.00 1 5.125 861.11 90 4.875 861.11 OKLAHOMA CITY OK 73135 2 07/09/03 01 0417355302 05 09/01/03 25 0417355302 O 08/01/18 0 8462370 E22/G02 F 80,000.00 ZZ 180 80,000.00 1 5.000 632.63 73 4.750 632.63 KISSIMMEE FL 34744 2 07/09/03 00 0417420627 05 09/01/03 0 0417420627 O 08/01/18 0 8462382 E22/G02 F 322,700.00 TX 180 322,700.00 1 5.375 2,615.37 48 5.125 2,615.37 DALLAS TX 75254 5 07/08/03 00 0417446929 05 09/01/03 0 0417446929 O 08/01/18 0 8462422 E22/G02 F 249,600.00 ZZ 180 249,600.00 1 5.500 2,039.44 80 5.250 2,039.44 DECATUR TX 76234 2 07/09/03 00 0417495181 05 09/01/03 0 0417495181 O 08/01/18 0 8462466 E22/G02 F 156,000.00 ZZ 180 156,000.00 1 5.375 1,264.33 80 5.125 1,264.33 WASILLA AK 99654 5 07/03/03 00 0417536489 05 09/01/03 0 0417536489 O 08/01/18 0 1 8462470 E22/G02 F 113,000.00 ZZ 180 113,000.00 1 5.000 893.60 79 4.750 893.60 COLDWATER MS 38618 2 07/08/03 00 0417547460 05 09/01/03 0 0417547460 O 08/01/18 0 8462486 E22/G02 F 94,500.00 TX 180 94,500.00 1 5.000 747.30 65 4.750 747.30 ARLINGTON TX 76017 5 07/08/03 00 0417556966 05 09/01/03 0 0417556966 O 08/01/18 0 8462492 E22/G02 F 166,200.00 ZZ 180 166,200.00 1 6.000 1,402.49 88 5.750 1,402.49 OKLAHOMA CITY OK 73128 2 07/08/03 01 0417576527 05 09/01/03 25 0417576527 O 08/01/18 0 8462690 K15/G02 F 114,000.00 ZZ 180 113,608.00 1 6.000 962.00 90 5.750 962.00 GLENDALE AZ 85307 5 06/10/03 41 0436158752 05 08/01/03 12 021705510356 O 07/01/18 0 8462940 E47/G02 F 72,000.00 ZZ 180 71,741.70 1 5.500 588.30 59 5.250 588.30 MOUNT PROSPECT IL 60056 2 06/24/03 00 0436174403 08 08/01/03 0 7360516044 O 07/01/18 0 8463582 144/144 F 96,000.00 ZZ 180 95,295.02 1 1 5.250 771.72 28 5.000 771.72 WEST HURLEY NY 12491 2 05/15/03 00 160723676000000 05 07/01/03 0 160723676 O 06/01/18 0 8463690 P27/G02 F 424,000.00 ZZ 180 424,000.00 1 5.000 3,352.96 80 4.750 3,352.96 ORANGE CT 06477 5 06/27/03 00 0436227656 05 09/01/03 0 2105892740 O 08/01/18 0 8463740 P34/G02 F 103,800.00 ZZ 180 103,427.61 1 5.500 848.14 87 5.250 848.14 CROFTON MD 21114 2 06/16/03 10 0436234041 01 08/01/03 20 16222 N 07/01/18 0 8463742 Q87/G02 F 80,750.00 ZZ 180 80,460.31 1 5.500 659.79 74 5.250 659.79 CHICKASAW AL 36611 5 07/08/03 00 0436175293 05 08/14/03 0 WAMA03 O 07/14/18 0 8463752 Q87/G02 F 68,000.00 ZZ 180 67,753.46 1 5.375 551.12 74 5.125 551.12 MONROE GA 30656 5 06/25/03 00 0436220677 05 08/01/03 0 MAPA03 O 07/01/18 0 8464074 144/144 F 199,400.00 ZZ 180 198,677.08 1 5.375 1,616.07 52 5.125 1,616.07 BEARSVILLE NY 12409 5 06/02/03 00 160726034000000 05 08/01/03 0 1 160726034 O 07/01/18 0 8464178 964/G02 F 100,000.00 ZZ 180 99,621.95 1 4.875 784.30 61 4.625 784.30 ORLANDO FL 32804 2 06/25/03 00 0436141212 05 08/01/03 0 429391 O 07/01/18 0 8464192 964/G02 F 322,700.00 ZZ 180 321,492.68 1 5.000 2,551.90 56 4.750 2,551.90 RANCHO MIRAGE CA 92270 2 06/20/03 00 0436140834 03 08/01/03 0 431632 O 07/01/18 0 8464210 X31/G02 F 136,000.00 ZZ 180 136,000.00 1 5.375 1,102.23 83 5.125 1,102.23 NORTH LAS VEGAS NV 89031 2 07/01/03 01 0436240477 05 09/01/03 12 71000355 O 08/01/18 0 8464226 964/G02 F 247,000.00 ZZ 180 246,095.05 1 5.250 1,985.58 75 5.000 1,985.58 FOUNTAIN HILLS AZ 85268 5 06/23/03 00 0436176184 03 08/01/03 0 435419 O 07/01/18 0 8464280 964/G02 F 236,000.00 ZZ 180 235,126.24 1 5.125 1,881.68 80 4.875 1,881.68 SACRAMENTO CA 95829 1 06/20/03 00 0436179808 05 08/01/03 0 468310 O 07/01/18 0 1 8464298 964/G02 F 391,000.00 ZZ 180 389,537.16 1 5.000 3,092.01 61 4.750 3,092.01 EL DORADO HILLS CA 95762 1 06/23/03 00 0436176762 03 08/01/03 0 424138 O 07/01/18 0 8464302 964/G02 F 287,500.00 ZZ 180 286,424.38 1 5.000 2,273.54 48 4.750 2,273.54 NEWARK CA 94560 5 06/20/03 00 0436231088 05 08/01/03 0 424347 O 07/01/18 0 8464322 964/G02 F 95,760.00 ZZ 180 95,409.16 1 5.250 769.79 84 5.000 769.79 SAN ANTONIO TX 78217 2 06/25/03 04 0436171672 05 08/01/03 6 419427 O 07/01/18 0 8464340 964/G02 F 95,000.00 ZZ 180 94,629.51 1 4.500 726.74 49 4.250 726.74 CHICAGO IL 60634 1 06/30/03 00 0436225544 08 08/01/03 0 427975 O 07/01/18 0 8464384 964/G02 F 61,500.00 ZZ 180 61,267.50 1 4.875 482.34 73 4.625 482.34 SAN ANTONIO TX 78233 2 06/25/03 00 0436172621 05 08/01/03 0 442565 O 07/01/18 0 8464390 964/G02 F 180,000.00 ZZ 180 179,298.01 1 4.500 1,376.99 70 4.250 1,376.99 1 ANTHEM AZ 85086 2 06/18/03 00 0436231112 03 08/01/03 0 442731 O 07/01/18 0 8464406 964/G02 F 322,700.00 ZZ 180 321,467.28 1 4.750 2,510.07 40 4.500 2,510.07 LA MESA CA 91941 2 06/24/03 00 0436147888 05 08/01/03 0 429811 O 07/01/18 0 8464424 964/G02 F 115,000.00 ZZ 180 114,583.06 1 5.375 932.04 27 5.125 932.04 OCEANSIDE CA 92054 2 06/18/03 00 0436146310 05 08/01/03 0 455030 O 07/01/18 0 8464426 964/G02 F 153,000.00 ZZ 180 152,427.58 1 5.000 1,209.92 56 4.750 1,209.92 SANTA MARIA CA 93458 2 06/19/03 00 0436139869 05 08/01/03 0 431462 N 07/01/18 0 8464434 964/G02 F 132,400.00 ZZ 180 131,914.92 1 5.250 1,064.33 58 5.000 1,064.33 WASHINGTON MO 63090 2 06/24/03 00 0436147656 05 08/01/03 0 431643 O 07/01/18 0 8464458 964/G02 F 110,830.00 ZZ 180 110,406.63 1 4.750 862.07 55 4.500 862.07 HOUSTON TX 77025 2 06/23/03 00 0436140941 05 08/01/03 0 457613 O 07/01/18 0 1 8464468 964/G02 F 180,000.00 ZZ 180 179,326.57 4 5.000 1,423.43 29 4.750 1,423.43 TAHOE VISTA CA 96148 5 06/19/03 00 0436145270 05 08/01/03 0 460681 O 07/01/18 0 8464484 964/G02 F 94,000.00 ZZ 180 93,655.60 1 5.250 755.65 71 5.000 755.65 CLOVIS CA 93612 5 06/20/03 00 0436186647 05 08/01/03 0 462170 O 07/01/18 0 8464510 964/G02 F 98,000.00 ZZ 180 98,000.00 1 5.000 774.98 57 4.750 774.98 LAS VEGAS NV 89147 2 07/03/03 00 0436139828 05 09/01/03 0 467757 O 08/01/18 0 8464546 964/G02 F 85,000.00 ZZ 180 85,000.00 1 4.750 661.16 78 4.500 661.16 OZARK MO 65721 2 07/03/03 00 0436139604 05 09/01/03 0 471789 O 08/01/18 0 8464568 964/G02 F 202,000.00 ZZ 180 201,236.35 1 4.875 1,584.28 72 4.625 1,584.28 CLOVIS CA 93611 2 06/21/03 00 0436187926 05 08/01/03 0 434686 O 07/01/18 0 8464680 964/G02 F 190,000.00 ZZ 180 189,251.33 1 1 4.375 1,441.38 55 4.125 1,441.38 SANDY UT 84093 2 06/20/03 00 0436145452 05 08/01/03 0 440135 O 07/01/18 0 8464684 964/G02 F 103,200.00 ZZ 180 102,817.91 1 5.125 822.84 33 4.875 822.84 SOUTHLAKE TX 76092 2 06/26/03 00 0436172936 03 08/01/03 0 440325 O 07/01/18 0 8464692 964/G02 F 125,000.00 ZZ 180 125,000.00 1 4.625 964.25 14 4.375 964.25 SAN MATEO CA 94402 2 07/01/03 00 0436140909 05 09/01/03 0 447992 O 08/01/18 0 8464740 A06/G02 F 78,750.00 ZZ 180 78,750.00 2 5.875 659.23 75 5.625 659.23 DETROIT MI 48210 5 07/11/03 00 0436223416 05 09/01/03 0 1000010301109 N 08/01/18 0 8464752 964/G02 F 322,700.00 ZZ 180 321,480.04 1 4.875 2,530.93 25 4.625 2,530.93 SARATOGA CA 95070 2 06/20/03 00 0436149173 05 08/01/03 0 450638 O 07/01/18 0 8464766 964/G02 F 190,000.00 ZZ 180 190,000.00 1 4.750 1,477.88 45 4.500 1,477.88 SAN JOSE CA 95121 2 07/01/03 00 0436231161 05 09/01/03 0 1 452156 O 08/01/18 0 8464818 964/G02 F 210,000.00 ZZ 180 210,000.00 2 4.375 1,593.10 50 4.125 1,593.10 BERKELEY CA 94702 5 07/01/03 00 0436172639 05 09/01/03 0 441765 O 08/01/18 0 8464820 964/G02 F 115,000.00 ZZ 180 114,546.86 1 4.375 872.41 50 4.125 872.41 BAKERSFIELD CA 93312 2 06/18/03 00 0436160055 05 08/01/03 0 441937 O 07/01/18 0 8464824 964/G02 F 189,000.00 ZZ 180 188,307.55 1 5.250 1,519.33 60 5.000 1,519.33 BELLEVUE WA 98008 2 06/13/03 00 0436171649 05 08/01/03 0 442165 O 07/01/18 0 8464850 964/G02 F 168,000.00 ZZ 180 168,000.00 1 4.875 1,317.62 27 4.625 1,317.62 SAN FRANCISCO CA 94116 5 06/26/03 00 0436226708 05 09/01/03 0 443439 O 08/01/18 0 8464854 964/G02 F 116,000.00 ZZ 180 115,561.46 1 4.875 909.79 80 4.625 909.79 DUNDEE OR 97115 2 06/25/03 00 0436231195 05 08/01/03 0 443977 O 07/01/18 0 1 8464872 964/G02 F 322,000.00 ZZ 180 320,769.96 1 4.750 2,504.62 59 4.500 2,504.62 SAN FRANCISCO CA 94116 5 06/19/03 00 0436174072 05 08/01/03 0 445897 O 07/01/18 0 8464876 964/G02 F 190,000.00 ZZ 180 190,000.00 1 4.625 1,465.66 46 4.375 1,465.66 SAN FRANCISCO CA 94134 2 07/02/03 00 0436226690 05 09/01/03 0 446032 O 08/01/18 0 8464890 964/G02 F 322,700.00 ZZ 180 322,700.00 1 4.875 2,530.93 40 4.625 2,530.93 MILLBRAE CA 94030 2 06/27/03 00 0436139075 05 09/01/03 0 447535 O 08/01/18 0 8464976 964/G02 F 300,000.00 ZZ 180 298,900.87 1 5.250 2,411.63 55 5.000 2,411.63 ROWLAND HEIGHTS CA 91748 2 06/19/03 00 0436172613 03 08/01/03 0 432060 O 07/01/18 0 8464984 964/G02 F 194,000.00 ZZ 180 193,274.19 1 5.000 1,534.14 36 4.750 1,534.14 DALY CITY CA 94015 2 06/19/03 00 0436186969 05 08/01/03 0 433064 O 07/01/18 0 8465006 964/G02 F 191,700.00 ZZ 180 190,982.80 2 5.000 1,515.95 28 4.750 1,515.95 1 LONG BEACH CA 90803 2 06/25/03 00 0436231278 05 08/01/03 0 433879 O 07/01/18 0 8465328 K15/G02 F 137,700.00 ZZ 180 137,226.51 1 6.000 1,161.99 90 5.750 1,161.99 KENTWOOD MI 49508 5 06/24/03 41 0436157713 05 08/01/03 12 035905515223 O 07/01/18 0 8465742 E82/G02 F 117,000.00 ZZ 180 117,000.00 1 5.250 940.54 78 5.000 940.54 PORT ST LUCIE FL 34984 2 07/10/03 00 0400855250 05 09/01/03 0 0400855250 O 08/01/18 0 8465780 E82/G02 F 119,300.00 ZZ 180 119,300.00 1 5.375 966.89 71 5.125 966.89 PAYSON AZ 85541 2 07/07/03 00 0400839197 05 09/01/03 0 0400839197 O 08/01/18 0 8465808 F34/G02 F 55,600.00 ZZ 180 55,600.00 1 6.000 469.18 80 5.750 469.18 WACO TX 76706 1 07/07/03 00 0436142756 01 09/01/03 0 47306017 N 08/01/18 0 8465908 W35/G02 F 41,600.00 ZZ 180 41,446.30 1 5.150 332.23 80 4.900 332.23 BROOK IN 47922 2 06/12/03 00 0436154876 05 08/01/03 0 20969 O 07/01/18 0 1 8466200 N67/G02 F 40,000.00 ZZ 180 39,868.23 1 6.500 348.44 52 6.250 348.44 PUEBLO CO 81004 5 06/10/03 00 0436149850 05 08/01/03 0 1162002326 N 07/01/18 0 8466254 N67/G02 F 111,200.00 ZZ 180 110,801.07 1 5.500 908.60 80 5.250 908.60 LAKE HAVASU CIT AZ 86404 1 06/05/03 00 0436150429 05 08/01/03 0 1162002440 O 07/01/18 0 8467154 N67/G02 F 93,000.00 ZZ 180 92,666.36 1 5.500 759.89 50 5.250 759.89 CONYERS GA 30094 5 06/12/03 00 0436155402 05 08/01/03 0 3254006663 O 07/01/18 0 8467186 K15/G02 F 108,000.00 ZZ 180 107,608.45 2 5.375 875.30 80 5.125 875.30 RUTLAND VT 05701 5 06/24/03 00 0436157036 05 08/01/03 0 033105517971 O 07/01/18 0 8467386 E11/G02 F 245,700.00 ZZ 180 245,700.00 1 4.750 1,911.13 48 4.500 1,911.13 LAKEVILLE MN 55044 5 07/07/03 00 0436176754 05 09/01/03 0 0002001029822 O 08/01/18 0 8467820 F89/G02 F 94,500.00 ZZ 180 94,168.07 1 1 5.750 784.74 61 5.500 784.74 LANCASTER CA 93534 2 06/27/03 00 0436139026 05 08/01/03 0 10626985 N 07/01/18 0 8468222 E22/G02 F 50,000.00 ZZ 180 50,000.00 1 6.000 421.93 43 5.750 421.93 LINCOLN PARK MI 48146 5 07/15/03 00 0417255312 05 09/01/03 0 0417255312 N 08/01/18 0 8468246 E22/G02 F 322,000.00 ZZ 180 322,000.00 1 5.125 2,567.37 43 4.875 2,567.37 OAKLEY CA 94561 1 07/08/03 00 0417320678 05 09/01/03 0 0417320678 O 08/01/18 0 8468264 E22/G02 F 139,500.00 ZZ 180 139,500.00 4 5.375 1,130.60 90 5.125 1,130.60 RUTLAND VT 05701 1 07/15/03 04 0417369261 05 09/01/03 25 0417369261 N 08/01/18 0 8468492 E22/G02 F 87,200.00 ZZ 180 87,200.00 1 5.750 724.12 80 5.500 724.12 BEACH PARK IL 60087 1 07/15/03 00 0417513413 05 09/01/03 0 0417513413 N 08/01/18 0 8468510 E22/G02 F 77,400.00 ZZ 180 77,400.00 1 5.375 627.30 90 5.125 627.30 OCEAN SPRINGS MS 39564 5 07/09/03 04 0417527462 05 09/01/03 25 1 0417527462 O 08/01/18 0 8468620 E22/G02 F 93,500.00 ZZ 180 93,500.00 1 5.500 763.97 100 5.250 763.97 SEMMES AL 36575 2 07/10/03 11 0417616943 05 09/01/03 30 0417616943 O 08/01/18 0 8468640 E22/G02 F 76,500.00 TX 120 76,500.00 1 5.625 834.97 75 5.375 834.97 SAN MARCOS TX 78666 5 07/14/03 00 0417648094 05 09/01/03 0 0417648094 N 08/01/13 0 8468646 E22/G02 F 75,000.00 TX 120 75,000.00 1 5.625 818.60 75 5.375 818.60 SAN MARCOS TX 78666 5 07/14/03 00 0417650900 05 09/01/03 0 0417650900 N 08/01/13 0 8468648 E22/G02 F 76,500.00 TX 120 76,500.00 1 5.625 834.97 75 5.375 834.97 SAN MARCOS TX 78666 5 07/14/03 00 0417651197 05 09/01/03 0 0417651197 N 08/01/13 0 8468760 E22/G02 F 300,000.00 TX 180 300,000.00 1 5.500 2,451.25 72 5.250 2,451.25 LAKEWAY TX 78734 5 07/10/03 00 0417730660 05 09/01/03 0 0417730660 O 08/01/18 0 1 8469066 E22/G02 F 80,000.00 ZZ 180 80,000.00 1 5.500 653.67 73 5.250 653.67 LABADIE MO 63055 5 07/10/03 00 0417126224 05 09/01/03 0 0417126224 O 08/01/18 0 8469076 E22/G02 F 125,000.00 TX 180 125,000.00 1 5.375 1,013.08 46 5.125 1,013.08 HOUSTON TX 77018 5 07/10/03 00 0417143468 05 09/01/03 0 0417143468 O 08/01/18 0 8469176 U97/G02 F 210,000.00 ZZ 180 210,000.00 1 4.875 1,647.02 46 4.625 1,647.02 SAN LEANDRO CA 94577 2 07/09/03 00 0436306716 05 09/01/03 0 8212812 O 08/01/18 0 8469208 X67/G02 F 98,000.00 ZZ 180 97,633.35 1 5.000 774.98 40 4.750 774.98 NORWALK CA 90650 2 06/10/03 00 0436173389 05 08/01/03 0 00287712 O 07/01/18 0 8469834 Q14/G02 F 73,600.00 ZZ 180 73,344.21 1 5.875 616.12 80 5.625 616.12 PRAIRIE VILLAGE KS 66208 1 07/02/03 00 0436179923 05 08/01/03 0 0000314105 N 07/01/18 0 8471052 G27/G02 F 200,000.00 ZZ 180 199,267.24 2 5.250 1,607.76 79 5.000 1,607.76 1 LOS ANGELES CA 90018 5 06/27/03 00 0436163703 05 08/01/03 0 20903086 O 07/01/18 0 8471054 U05/G02 F 96,750.00 T 180 96,391.79 1 5.125 771.41 75 4.875 771.41 ARLINGTON TX 76013 5 06/24/03 00 0436167712 05 08/01/03 0 3376785 O 07/01/18 0 8471060 Q14/G02 F 112,500.00 ZZ 180 112,500.00 1 5.250 904.36 90 5.000 904.36 VINTON IA 52349 5 07/01/03 01 0436147524 05 09/01/03 25 00003-13666 O 08/01/18 0 8471290 Q30/G02 F 132,000.00 ZZ 180 132,000.00 1 5.250 1,061.12 42 5.000 1,061.12 NEW MILFORD CT 06776 5 06/27/03 00 0436269583 05 09/01/03 0 21023937 O 08/01/18 0 8471568 K15/G02 F 130,000.00 ZZ 180 129,513.64 1 5.000 1,028.03 77 4.750 1,028.03 ALBUQUERQUE NM 87123 5 06/24/03 00 0436188213 03 08/01/03 0 033505518065 O 07/01/18 0 8471570 K15/G02 F 63,000.00 ZZ 180 63,000.00 1 4.875 494.11 52 4.625 494.11 WALPOLE NH 03608 5 07/09/03 00 0436188411 05 09/01/03 0 033305517868 O 08/01/18 0 1 8471752 B98/G02 F 374,000.00 ZZ 180 372,629.75 1 5.250 3,006.50 79 5.000 3,006.50 SAN JOSE CA 95116 2 06/19/03 00 0436243927 05 08/01/03 0 B5030359VP O 07/01/18 0 8471800 N34/G02 F 112,000.00 ZZ 180 112,000.00 1 5.625 922.58 61 5.375 922.58 DES PLAINES IL 60018 5 07/11/03 00 0436198972 09 09/01/03 0 112668601 O 08/01/18 0 8471822 W35/G02 F 72,500.00 ZZ 180 72,500.00 1 5.375 587.59 69 5.125 587.59 INDIANAPOLIS IN 46254 5 07/08/03 00 0436197552 05 09/01/03 0 21629 O 08/01/18 0 8471958 U05/G02 F 93,600.00 TX 180 93,600.00 1 4.875 734.10 80 4.625 734.10 HOUSTON TX 77066 5 07/03/03 00 0436225494 03 09/01/03 0 3378606 O 08/01/18 0 8471968 T23/G02 F 69,600.00 ZZ 180 69,600.00 1 5.250 559.50 61 5.000 559.50 ENON OH 45323 5 07/12/03 00 0436230288 05 09/01/03 0 6604 O 08/01/18 0 8472098 N74/G02 F 153,000.00 ZZ 180 152,456.88 1 1 5.625 1,260.31 85 5.375 1,260.31 CHESTER VA 23831 5 06/30/03 10 0436197198 05 08/07/03 12 0032739010 O 07/07/18 0 8472172 E82/G02 F 165,150.00 ZZ 180 165,150.00 4 5.750 1,371.42 77 5.500 1,371.42 LAS VEGAS NV 89115 2 07/16/03 00 0400844213 05 09/01/03 0 0400844213 N 08/01/18 0 8472188 E82/G02 F 71,250.00 T 180 71,250.00 1 6.000 601.25 75 5.750 601.25 MIAMI FL 33160 5 07/16/03 00 0400857421 08 09/01/03 0 0400857421 O 08/01/18 0 8472210 E82/G02 F 380,500.00 ZZ 180 380,500.00 1 5.375 3,083.82 84 5.125 3,083.82 WESTMINISTER CO 80234 2 07/14/03 10 0400846374 03 09/01/03 6 0400846374 O 08/01/18 0 8472372 E22/G02 F 66,500.00 ZZ 180 66,500.00 1 5.375 538.96 84 5.125 538.96 SAINT PETERS MO 63376 5 07/11/03 04 0417586104 05 09/01/03 6 0417586104 O 08/01/18 0 8472434 E22/G02 F 40,500.00 TX 180 40,500.00 1 6.000 341.76 75 5.750 341.76 ORANGE TX 77630 5 07/16/03 00 0417487071 05 09/01/03 0 1 0417487071 N 08/01/18 0 8472468 E22/G02 F 81,000.00 ZZ 180 81,000.00 1 5.000 640.54 60 4.750 640.54 LOGANVILLE GA 30052 5 07/11/03 00 0417665387 05 09/01/03 0 0417665387 O 08/01/18 0 8472580 E22/G02 F 197,500.00 ZZ 180 197,500.00 1 5.250 1,587.66 79 5.000 1,587.66 DENVER CO 80204 2 07/16/03 00 0417517414 05 09/01/03 0 0417517414 O 08/01/18 0 8472620 E22/G02 F 500,000.00 ZZ 180 500,000.00 1 5.000 3,953.97 67 4.750 3,953.97 MADISON MS 39110 2 07/11/03 00 0417547932 05 09/01/03 0 0417547932 O 08/01/18 0 8472654 E22/G02 F 118,000.00 ZZ 180 118,000.00 1 5.250 948.58 74 5.000 948.58 EUREKA CA 95501 5 07/02/03 00 0417152824 05 09/01/03 0 0417152824 O 08/01/18 0 8472688 E22/G02 F 374,500.00 ZZ 180 374,500.00 1 4.875 2,937.19 75 4.625 2,937.19 BROKEN ARROW OK 74012 2 07/11/03 00 0417615226 03 09/01/03 0 0417615226 O 08/01/18 0 1 8472768 U41/G02 F 100,000.00 ZZ 180 100,000.00 1 5.375 810.47 73 5.125 810.47 POYNETTE WI 53955 5 07/14/03 00 0436187470 05 09/01/03 0 BROOME1203 O 08/01/18 0 8472808 E22/G02 F 60,000.00 TX 180 60,000.00 1 5.375 486.28 58 5.125 486.28 HOUSTON TX 77099 5 07/09/03 00 0417285947 03 09/01/03 0 0417285947 O 08/01/18 0 8472816 E22/G02 F 650,000.00 ZZ 180 650,000.00 1 5.125 5,182.58 69 4.875 5,182.58 MARLBORO TWP. NJ 07751 5 07/11/03 00 0417313657 05 09/01/03 0 0417313657 O 08/01/18 0 8472880 168/168 F 171,950.00 ZZ 180 170,739.18 1 5.750 1,427.89 67 5.500 1,427.89 DUBLIN OH 43017 2 05/06/03 00 3190884 05 07/01/03 0 0319908844 O 06/01/18 0 8472968 P67/G02 F 120,000.00 ZZ 180 120,000.00 3 5.625 988.47 25 5.375 988.47 REVERE MA 02151 5 07/09/03 00 0436238695 05 09/01/03 0 708740 O 08/01/18 0 8473428 K15/G02 F 74,000.00 ZZ 180 73,742.82 1 5.875 619.47 62 5.625 619.47 1 GREELEY CO 80634 5 06/25/03 00 0436166714 05 08/01/03 0 002330005511019 O 07/01/18 0 8473774 K15/G02 F 65,800.00 ZZ 180 65,573.74 1 6.000 555.26 85 5.750 555.26 JACKSONVILLE NC 28540 5 06/24/03 41 0436189302 05 08/01/03 6 017105517700 O 07/01/18 0 8473784 K15/G02 F 104,400.00 ZZ 180 104,400.00 1 5.500 853.04 90 5.250 853.04 GRAND RAPIDS MI 49509 2 06/27/03 41 0436201248 05 09/01/03 12 035905517664 O 08/01/18 0 8473792 M24/G02 F 75,000.00 ZZ 180 75,000.00 1 6.000 632.89 49 5.750 632.89 NORCROSS GA 30093 5 07/10/03 00 0436244602 05 09/01/03 0 253214908 N 08/01/18 0 8473812 950/G02 F 118,500.00 ZZ 180 118,056.66 1 5.000 937.09 66 4.750 937.09 FEDERAL WAY WA 98023 5 06/06/03 00 0436227599 05 08/01/03 0 EW35688 O 07/01/18 0 8473828 K15/G02 F 261,500.00 ZZ 180 260,521.65 1 5.000 2,067.93 77 4.750 2,067.93 SHELTON CT 06484 2 06/25/03 00 0436186696 05 08/01/03 0 037405510912 O 07/01/18 0 1 8476182 758/G02 F 129,000.00 ZZ 180 129,000.00 2 6.000 1,088.58 77 5.750 1,088.58 COLLEGE STATION TX 77845 1 07/01/03 00 0436230015 05 09/01/03 0 201987 N 08/01/18 0 8476222 K15/G02 F 150,500.00 ZZ 180 149,936.94 1 5.000 1,190.14 52 4.750 1,190.14 CENTEREACH NY 11720 5 06/23/03 00 0436207203 05 08/01/03 0 020605517869 O 07/01/18 0 8476226 737/G02 F 270,750.00 ZZ 180 270,750.00 1 5.875 2,266.50 95 5.625 2,266.50 FONTANA CA 92336 5 07/01/03 01 0436247555 05 09/01/03 25 6020294 O 08/01/18 0 8476248 K15/G02 F 68,000.00 ZZ 180 67,761.15 1 5.750 564.68 73 5.500 564.68 CHARLOTTE NC 28212 5 06/25/03 00 0436198451 05 08/01/03 0 017405517495 O 07/01/18 0 8476260 Q73/G02 F 164,000.00 ZZ 180 163,392.81 1 5.125 1,307.61 75 4.875 1,307.61 OLIVE BRANCH MS 38654 5 07/02/03 00 0436228274 05 08/01/03 0 3081453 O 07/01/18 0 8476298 K15/G02 F 64,200.00 ZZ 180 63,979.24 2 1 6.000 541.76 86 5.750 541.76 BUFFALO NY 14220 2 06/25/03 41 0436190854 05 08/01/03 12 023605518288 O 07/01/18 0 8476766 S25/G02 F 50,000.00 ZZ 180 49,829.90 1 6.125 425.31 32 5.875 425.31 MCLEANSVILLE NC 27301 5 06/30/03 00 0436261630 05 08/07/03 0 2378842870 O 07/07/18 0 8476912 E82/G02 F 103,500.00 ZZ 180 103,500.00 1 5.375 838.83 40 5.125 838.83 STERLING VA 20165 2 07/16/03 00 0400837639 09 09/01/03 0 0400837639 O 08/01/18 0 8476938 E82/G02 F 120,000.00 ZZ 180 120,000.00 1 5.375 972.56 54 5.125 972.56 CLEBURNE TX 76033 2 07/16/03 00 0400839759 05 09/01/03 0 0400839759 O 08/01/18 0 8477490 E22/G02 F 140,000.00 ZZ 180 140,000.00 2 5.750 1,162.57 70 5.500 1,162.57 JERSEY CITY NJ 07307 5 07/17/03 00 0417576808 05 09/01/03 0 0417576808 N 08/01/18 0 8477710 E22/G02 F 68,000.00 ZZ 180 68,000.00 1 5.625 560.14 85 5.375 560.14 BALTIMORE MD 21206 5 07/10/03 04 0417684354 07 09/01/03 6 1 0417684354 O 08/01/18 0 8477718 E22/G02 F 97,600.00 TX 180 97,600.00 1 5.250 784.58 80 5.000 784.58 SUGARLAND TX 77478 5 07/11/03 00 0417688959 03 09/01/03 0 0417688959 O 08/01/18 0 8477794 E22/G02 F 108,000.00 ZZ 180 108,000.00 1 5.125 861.11 80 4.875 861.11 GARDNER KS 66030 2 07/17/03 00 0417788122 05 09/01/03 0 0417788122 N 08/01/18 0 8477798 E22/G02 F 177,000.00 ZZ 180 177,000.00 2 5.625 1,458.01 75 5.375 1,458.01 MINNEAPOLIS MN 55411 2 07/17/03 00 0417801677 05 09/01/03 0 0417801677 N 08/01/18 0 8478454 Q87/G02 F 70,000.00 TX 180 69,746.21 1 5.375 567.33 79 5.125 567.33 CORRIGAN TX 75939 5 07/09/03 00 0436245245 05 08/14/03 0 WISH03 O 07/14/18 0 8478858 B23/G02 F 125,500.00 ZZ 180 125,500.00 2 5.375 1,017.13 59 5.125 1,017.13 COMPTON AREA CA 90222 5 07/01/03 00 0436244222 05 09/01/03 0 80000930 O 08/01/18 0 1 8478934 738/G02 F 50,000.00 ZZ 180 49,824.37 1 5.750 415.21 74 5.500 415.21 WEST PALM BEACH FL 33415 5 06/11/03 00 0436176085 01 08/01/03 0 41073032 N 07/01/18 0 8478938 964/G02 F 155,000.00 ZZ 180 155,000.00 1 4.625 1,195.67 60 4.375 1,195.67 LITTLETON CO 80120 2 07/08/03 00 0436223663 05 09/01/03 0 457605 O 08/01/18 0 8478942 964/G02 F 129,000.00 ZZ 180 129,000.00 1 5.000 1,020.13 33 4.750 1,020.13 SCOTTSDALE AZ 85258 2 07/01/03 00 0436226351 03 09/01/03 0 466832 O 08/01/18 0 8478952 964/G02 F 219,500.00 ZZ 180 219,500.00 1 5.000 1,735.79 59 4.750 1,735.79 SAN JOSE CA 95122 2 07/07/03 00 0436225411 05 09/01/03 0 435245 O 08/01/18 0 8478958 964/G02 F 270,000.00 ZZ 180 270,000.00 1 5.000 2,135.15 29 4.750 2,135.15 CUPERTINO CA 95014 2 07/01/03 00 0436173009 05 09/01/03 0 449048 O 08/01/18 0 8478960 964/G02 F 115,000.00 ZZ 180 115,000.00 1 4.750 894.51 63 4.500 894.51 1 TAMPA FL 33629 5 07/09/03 00 0436163752 05 09/01/03 0 449604 O 08/01/18 0 8478964 964/G02 F 200,000.00 ZZ 180 200,000.00 1 5.000 1,581.59 31 4.750 1,581.59 SAN MATEO CA 94403 5 07/02/03 00 0436224950 05 09/01/03 0 452127 O 08/01/18 0 8478974 964/G02 F 195,000.00 ZZ 180 195,000.00 1 4.875 1,529.38 43 4.625 1,529.38 DALY CITY CA 94015 2 07/01/03 00 0436160527 05 09/01/03 0 461387 O 08/01/18 0 8478986 X89/G02 F 263,200.00 ZZ 180 263,200.00 1 5.500 2,150.56 80 5.250 2,150.56 MURRIETA CA 92563 5 07/08/03 00 0436181481 05 09/01/03 0 2005925 O 08/01/18 0 8479096 Q87/G02 F 55,000.00 ZZ 180 54,808.85 1 5.875 460.42 89 5.625 460.42 CLANTON AL 35045 5 07/14/03 04 0436227540 05 08/18/03 12 EDBI01 O 07/18/18 0 8479706 E82/G02 F 158,500.00 ZZ 180 158,500.00 1 5.375 1,284.59 55 5.125 1,284.59 MONROE NC 28110 2 07/15/03 00 0400830634 05 09/01/03 0 0400830634 O 08/01/18 0 1 8479722 E82/G02 F 290,800.00 ZZ 180 290,800.00 1 5.250 2,337.68 77 5.000 2,337.68 CARLSBAD CA 92009 2 07/14/03 00 0400866745 03 09/01/03 0 0400866745 O 08/01/18 0 8479802 E82/G02 F 59,050.00 ZZ 180 59,050.00 1 5.125 470.82 57 4.875 470.82 HOUSTON TX 77089 2 07/17/03 00 0400861084 03 09/01/03 0 0400861084 O 08/01/18 0 8479888 E22/G02 F 163,323.90 ZZ 180 163,323.90 1 5.375 1,323.68 92 5.125 1,323.68 HOUSTON TX 77084 2 07/09/03 01 0416476018 03 09/01/03 25 0416476018 O 08/01/18 0 8479894 E22/G02 F 300,000.00 ZZ 180 300,000.00 1 5.500 2,451.25 80 5.250 2,451.25 BURBANK CA 91505 2 07/09/03 00 0416628816 05 09/01/03 0 0416628816 O 08/01/18 0 8479968 E22/G02 F 450,000.00 ZZ 180 450,000.00 1 5.125 3,587.94 64 4.875 3,587.94 MADERA CA 93638 5 07/14/03 00 0417411907 05 09/01/03 0 0417411907 O 08/01/18 0 8479992 E22/G02 F 145,000.00 ZZ 120 145,000.00 1 1 5.250 1,555.73 56 5.000 1,555.73 WEST CHICAGO IL 60185 5 07/14/03 00 0417480548 05 09/01/03 0 0417480548 O 08/01/13 0 8480004 E22/G02 F 142,000.00 ZZ 180 142,000.00 1 4.875 1,113.70 46 4.625 1,113.70 OMAHA NE 68114 2 07/11/03 00 0417510864 09 09/01/03 0 0417510864 O 08/01/18 0 8480082 E22/G02 F 124,000.00 ZZ 180 124,000.00 1 5.000 980.58 80 4.750 980.58 SUGAR LAND TX 77479 2 07/14/03 00 0417592318 03 09/01/03 0 0417592318 O 08/01/18 0 8480182 E22/G02 F 170,000.00 ZZ 180 170,000.00 1 5.000 1,344.35 57 4.750 1,344.35 PRINCETON MN 55371 2 07/14/03 00 0417656014 05 09/01/03 0 0417656014 O 08/01/18 0 8480220 E22/G02 F 211,000.00 ZZ 180 211,000.00 1 4.875 1,654.87 55 4.625 1,654.87 BAY POINT CA 94565 2 07/11/03 00 0417691870 05 09/01/03 0 0417691870 O 08/01/18 0 8480224 E22/G02 F 112,000.00 TX 180 112,000.00 1 5.250 900.34 80 5.000 900.34 GARLAND TX 75042 5 07/14/03 00 0417696051 05 09/01/03 0 1 0417696051 O 08/01/18 0 8481196 U05/G02 F 94,000.00 TX 180 94,000.00 1 6.000 793.23 80 5.750 793.23 CONROE TX 77303 5 07/08/03 00 0436197149 05 09/01/03 0 3370784 O 08/01/18 0 8481362 U05/G02 F 400,000.00 ZZ 180 398,503.50 1 5.000 3,163.17 53 4.750 3,163.17 SAN RAFAEL CA 94903 2 06/12/03 00 0436210033 05 08/01/03 0 3364341 O 07/01/18 0 8481664 952/G02 F 240,000.00 ZZ 180 240,000.00 1 4.875 1,882.31 80 4.625 1,882.31 ROXBURY NJ 07876 1 07/14/03 00 0436237846 05 09/01/03 0 03002928 O 08/01/18 0 8481692 F89/G02 F 157,500.00 ZZ 180 156,922.95 3 5.250 1,266.11 49 5.000 1,266.11 VISALIA CA 93292 2 06/23/03 00 0436220420 05 08/01/03 0 11630614 N 07/01/18 0 8482490 H58/G02 F 265,000.00 T 180 264,049.31 1 5.500 2,165.27 35 5.250 2,165.27 SCOTTSDALE AZ 85258 2 06/16/03 00 0436202295 03 08/01/03 0 161570 O 07/01/18 0 1 8482588 H58/G02 F 150,000.00 ZZ 180 149,473.13 1 5.750 1,245.62 60 5.500 1,245.62 OAKLAND CA 94603 5 06/17/03 00 0436202717 05 08/01/03 0 164953 O 07/01/18 0 8482810 U05/G02 F 378,500.00 ZZ 180 377,127.75 1 5.375 3,067.61 55 5.125 3,067.61 IRVINE CA 92612 2 06/24/03 00 0436238836 03 08/01/03 0 3371157 O 07/01/18 0 8482886 E47/G02 F 200,000.00 ZZ 180 200,000.00 1 5.375 1,620.93 54 5.125 1,620.93 MARINA CA 93933 5 07/09/03 00 0436268817 05 09/01/03 0 7333013544 O 08/01/18 0 8483014 X80/G02 F 124,500.00 ZZ 180 124,053.35 1 5.500 1,017.27 50 5.250 1,017.27 AZUSA CA 91720 5 06/12/03 00 0436257737 05 08/01/03 0 1410177918 O 07/01/18 0 8484148 N47/G02 F 504,000.00 ZZ 180 504,000.00 1 5.250 4,051.54 68 5.000 4,051.54 SAN DIEGO CA 92129 5 07/10/03 00 0436240618 03 09/01/03 0 30506384 O 08/01/18 0 8484242 U05/G02 F 1,000,000.00 ZZ 180 1,000,000.00 1 5.250 8,038.78 55 5.000 8,038.78 1 PASADENA CA 91105 2 07/09/03 00 0436221188 05 09/01/03 0 3357291 O 08/01/18 0 8485794 E82/G02 F 43,300.00 ZZ 180 43,300.00 1 5.250 348.08 59 5.000 348.08 DELRAY BEACH FL 33445 2 07/15/03 00 0400862637 09 09/01/03 0 0400862637 O 08/01/18 0 8485822 E82/G02 F 235,200.00 ZZ 180 235,200.00 1 5.125 1,875.30 57 4.875 1,875.30 NEWTOWN PA 18940 2 07/16/03 00 0400856977 03 09/01/03 0 0400856977 O 08/01/18 0 8485844 E82/G02 F 91,000.00 ZZ 180 91,000.00 1 5.250 731.53 68 5.000 731.53 MERRIMACK NH 03054 2 07/18/03 00 0400859294 05 09/01/03 0 0400859294 O 08/01/18 0 8485996 E22/G02 F 63,000.00 ZZ 180 63,000.00 1 5.250 506.44 93 5.000 506.44 MEMPHIS TN 38122 2 07/15/03 04 0417626785 09 09/01/03 25 0417626785 O 08/01/18 0 8486066 E22/G02 F 92,000.00 TX 180 92,000.00 1 5.750 763.98 80 5.500 763.98 HOUSTON TX 77081 5 07/10/03 00 0417682689 05 09/01/03 0 0417682689 O 08/01/18 0 1 8486126 E22/G02 F 166,000.00 ZZ 180 166,000.00 1 5.375 1,345.37 93 5.125 1,345.37 MOBILE AL 36693 5 07/16/03 11 0417729647 05 09/01/03 25 0417729647 O 08/01/18 0 8486180 N74/G02 F 90,900.00 ZZ 180 90,900.00 1 5.500 742.73 90 5.250 742.73 FILLMORE UT 84631 5 07/09/03 10 0436230577 05 09/01/03 25 0032828010 O 08/01/18 0 8486326 E22/G02 F 500,000.00 TX 180 500,000.00 1 5.250 4,019.39 80 5.000 4,019.39 ARGYLE TX 76226 5 07/15/03 00 0416944916 05 09/01/03 0 0416944916 O 08/01/18 0 8486336 E22/G02 F 75,200.00 TX 180 75,200.00 1 4.875 589.79 80 4.625 589.79 HOUSTON TX 77035 5 07/16/03 00 0417005394 03 09/01/03 0 0417005394 O 08/01/18 0 8486338 144/144 F 120,000.00 ZZ 180 119,560.35 1 5.250 964.65 20 5.000 964.65 COMMACK NY 11725 5 06/12/03 00 160727446 05 08/01/03 0 160727446 O 07/01/18 0 8486486 E22/G02 F 60,000.00 ZZ 180 60,000.00 1 1 6.000 506.31 34 5.750 506.31 FORT LAUDERDALE FL 33312 2 07/16/03 00 0417111572 05 09/01/03 0 0417111572 O 08/01/18 0 8486550 E22/G02 F 208,500.00 ZZ 180 208,500.00 1 5.000 1,648.80 76 4.750 1,648.80 HENDERSONVILLE NC 28792 5 07/16/03 00 0417327194 05 09/01/03 0 0417327194 O 08/01/18 0 8486598 E22/G02 F 56,400.00 ZZ 180 56,400.00 1 6.000 475.94 55 5.750 475.94 BAKERSFIELD CA 93307 2 07/09/03 00 0417444767 03 09/01/03 0 0417444767 N 08/01/18 0 8486642 E22/G02 F 112,500.00 ZZ 180 112,500.00 1 5.250 904.36 80 5.000 904.36 BREESE IL 62230 2 07/15/03 00 0417483609 05 09/01/03 0 0417483609 O 08/01/18 0 8486716 K15/G02 F 139,400.00 TX 180 138,878.46 1 5.000 1,102.37 80 4.750 1,102.37 MISSOURI CITY TX 77459 5 06/25/03 00 0436225510 03 08/01/03 0 006005509094 O 07/01/18 0 8486718 E22/G02 F 236,200.00 ZZ 180 236,200.00 1 4.875 1,852.51 53 4.625 1,852.51 DALLAS TX 75229 2 07/16/03 00 0417527900 05 09/01/03 0 1 0417527900 O 08/01/18 0 8486752 E22/G02 F 256,500.00 ZZ 180 256,500.00 1 5.125 2,045.13 27 4.875 2,045.13 SAN FRANCISCO CA 94118 2 07/09/03 00 0417540929 01 09/01/03 0 0417540929 O 08/01/18 0 8486762 E22/G02 F 59,000.00 ZZ 180 59,000.00 1 5.375 478.17 55 5.125 478.17 LEE'S SUMMIT MO 64086 2 07/21/03 00 0417556727 05 09/01/03 0 0417556727 N 08/01/18 0 8486814 E22/G02 F 175,000.00 ZZ 180 175,000.00 1 5.375 1,418.31 78 5.125 1,418.31 LOXAHATCHEE FL 33470 5 07/15/03 00 0417577137 05 09/01/03 0 0417577137 O 08/01/18 0 8486972 K15/G02 F 85,700.00 ZZ 180 85,376.02 1 4.875 672.14 69 4.625 672.14 TALLAHASSEE FL 32311 2 06/25/03 00 0436220966 09 08/01/03 0 009805511015 O 07/01/18 0 8487030 K15/G02 F 96,100.00 ZZ 180 95,736.70 1 4.875 753.71 62 4.625 753.71 FRESNO CA 93727 5 06/25/03 00 0436225064 05 08/01/03 0 0383005511029 O 07/01/18 0 1 8487182 P27/G02 F 182,250.00 ZZ 180 182,250.00 1 5.500 1,489.13 90 5.250 1,489.13 WHITEFIELD NH 03598 5 07/01/03 01 0436233548 05 09/01/03 30 2104689652 O 08/01/18 0 8487218 M29/G02 F 210,000.00 ZZ 180 210,000.00 1 5.375 1,701.98 70 5.125 1,701.98 SUPERIOR CO 80027 1 07/11/03 00 0436241061 03 09/01/03 0 0306245CB N 08/01/18 0 8487246 X67/G02 F 106,250.00 ZZ 180 105,860.72 1 5.250 854.12 85 5.000 854.12 LYNWOOD IL 60411 5 06/23/03 10 0436225973 07 08/01/03 12 00287397 O 07/01/18 0 8487252 K15/G02 F 212,500.00 ZZ 180 211,721.45 1 5.250 1,708.24 85 5.000 1,708.24 NEWPORT NEWS VA 23602 5 06/25/03 41 0436220545 03 08/01/03 6 012305509814 O 07/01/18 0 8487314 N74/G02 F 46,100.00 ZZ 120 45,809.03 1 5.375 497.46 71 5.125 497.46 LAFE AR 72436 2 07/10/03 00 0436231633 05 08/15/03 0 0032832010 O 07/15/13 0 8487332 F89/G02 F 188,900.00 ZZ 180 188,900.00 1 5.375 1,530.97 79 5.125 1,530.97 1 ONTARIO CA 91761 2 07/01/03 00 0436229769 05 09/01/03 0 13732237 O 08/01/18 0 8487334 K15/G02 F 189,700.00 ZZ 180 188,982.85 1 4.875 1,487.81 53 4.625 1,487.81 ALEXANDRIA VA 22309 2 06/25/03 00 0436210629 05 08/01/03 0 013405517826 O 07/01/18 0 8488026 P34/G02 F 60,000.00 T 180 59,775.52 1 5.000 474.48 75 4.750 474.48 NEWARK DE 19702 5 06/27/03 00 0436271654 05 08/01/03 0 16306 O 07/01/18 0 8488610 G34/G02 F 168,000.00 ZZ 180 168,000.00 1 5.000 1,328.53 80 4.750 1,328.53 LAS VEGAS NV 89123 2 07/11/03 00 0436223820 05 09/01/03 0 77304050 O 08/01/18 0 8488692 U05/G02 F 297,000.00 ZZ 180 297,000.00 1 5.125 2,368.04 37 4.875 2,368.04 WALNUT CA 91789 2 07/07/03 00 0436230114 05 09/01/03 0 3363624 O 08/01/18 0 8488706 U05/G02 F 320,000.00 ZZ 180 320,000.00 1 5.500 2,614.67 69 5.250 2,614.67 LOS ANGELES CA 90025 5 07/01/03 00 0436224224 01 09/01/03 0 3379222 O 08/01/18 0 1 8488708 K15/G02 F 90,100.00 ZZ 180 90,100.00 1 5.125 718.39 66 4.875 718.39 FAIRBORN OH 45324 5 07/11/03 00 0436224752 05 09/01/03 0 028505510472 O 08/01/18 0 8488712 Q14/G02 F 149,010.00 ZZ 180 149,010.00 1 4.875 1,168.68 41 4.625 1,168.68 TEMPE AZ 85284 2 07/15/03 00 0436221915 05 09/01/03 0 0000313948 O 08/01/18 0 8488814 U05/G02 F 76,500.00 TX 180 76,500.00 1 5.500 625.07 68 5.250 625.07 LONGVIEW TX 75605 5 07/11/03 00 0436222863 05 09/01/03 0 3385086 O 08/01/18 0 8488888 K15/G02 F 112,600.00 ZZ 180 112,187.46 1 5.250 905.17 76 5.000 905.17 HOLLAND MI 49424 5 06/26/03 00 0436231047 05 08/01/03 0 035905517772 O 07/01/18 0 8488894 253/253 F 103,200.00 ZZ 180 103,200.00 1 5.500 843.24 80 5.250 843.24 LEWISVILLE TX 75067 1 07/15/03 00 486353 05 09/01/03 0 486353 N 08/01/18 0 8489092 N74/G02 F 96,000.00 ZZ 120 95,381.77 1 1 5.000 1,018.23 75 4.750 1,018.23 STAUNTON VA 24401 2 07/15/03 00 0436235352 05 08/21/03 0 0032865010 O 07/21/13 0 8489126 964/G02 F 100,800.00 ZZ 180 100,800.00 1 4.750 784.06 26 4.500 784.06 ROANOKE TX 76262 2 07/09/03 00 0436231310 05 09/01/03 0 462451 O 08/01/18 0 8489140 964/G02 F 150,000.00 ZZ 180 150,000.00 1 4.625 1,157.10 67 4.375 1,157.10 BAILEY CO 80421 5 07/08/03 00 0436231328 05 09/01/03 0 450309 O 08/01/18 0 8489168 K15/G02 F 107,800.00 ZZ 180 107,413.26 1 5.500 880.82 90 5.250 880.82 BEDFORD HEIGHTS OH 44146 5 06/24/03 41 0436238703 05 08/01/03 12 028005509569 O 07/01/18 0 8489606 W58/G02 F 131,350.00 ZZ 180 131,350.00 1 5.375 1,064.55 39 5.125 1,064.55 SANTA ANA CA 92704 5 07/12/03 00 0436237507 05 09/01/03 0 88026 O 08/01/18 0 8489608 X67/G02 F 150,000.00 ZZ 180 149,461.87 1 5.500 1,225.63 62 5.250 1,225.63 NORWALK CA 90650 5 06/25/03 00 0436234355 05 08/01/03 0 1 00287567 O 07/01/18 0 8489646 T09/G02 F 113,000.00 ZZ 180 113,000.00 1 5.625 930.82 76 5.375 930.82 IVANHOE CA 93235 5 07/11/03 00 0436225809 05 09/01/03 0 2003001785 O 08/01/18 0 8489694 N74/G02 F 90,250.00 ZZ 180 89,926.23 1 5.500 737.42 89 5.250 737.42 DANVILLE VA 24541 5 07/10/03 10 0436234868 05 08/15/03 25 0032839010 O 07/15/18 0 8489864 U05/G02 F 85,500.00 TX 180 85,500.00 1 4.750 665.05 64 4.500 665.05 SPRING TX 77386 2 07/11/03 00 0436235915 05 09/01/03 0 3376915 O 08/01/18 0 8489928 U05/G02 F 344,000.00 TX 180 344,000.00 1 5.500 2,810.77 60 5.250 2,810.77 DALLAS TX 75214 2 07/14/03 00 0436227854 05 09/01/03 0 3386757 O 08/01/18 0 8489936 N74/G02 F 190,000.00 ZZ 180 190,000.00 1 5.125 1,514.91 79 4.875 1,514.91 FARMINGTON UT 84025 5 07/11/03 00 0436229934 05 09/01/03 0 0032857010 O 08/01/18 0 1 8489972 E57/G02 F 158,000.00 ZZ 180 157,408.88 1 5.000 1,249.45 68 4.750 1,249.45 INGLEWOOD CA 90302 2 06/25/03 00 0436251615 05 08/01/03 0 06017249 O 07/01/18 0 8489980 Y23/G02 F 96,000.00 TX 180 96,000.00 1 5.375 778.05 80 5.125 778.05 FRIENDSWOOD TX 77546 5 07/17/03 00 0436225676 05 09/01/03 0 1000244323 O 08/01/18 0 8490010 Q87/G02 F 137,500.00 ZZ 180 137,022.14 1 5.875 1,151.04 95 5.625 1,151.04 VALDOSTA GA 31605 5 06/30/03 10 0436235329 05 08/07/03 30 JAAL01 O 07/07/18 0 8490354 X31/G02 F 297,000.00 ZZ 180 297,000.00 1 5.625 2,446.48 80 5.375 2,446.48 LA HABRA CA 90631 5 07/08/03 00 0436230452 05 09/01/03 0 80001422 O 08/01/18 0 8490642 E22/G02 F 130,000.00 ZZ 180 130,000.00 1 5.625 1,070.85 76 5.375 1,070.85 WESTLAND MI 48185 5 07/10/03 00 0416908796 05 09/01/03 0 0416908796 O 08/01/18 0 8490744 E22/G02 F 128,000.00 ZZ 180 128,000.00 1 5.375 1,037.40 80 5.125 1,037.40 1 HOUSTON TX 77081 2 07/14/03 00 0417421625 05 09/01/03 0 0417421625 O 08/01/18 0 8490764 E22/G02 F 72,980.00 ZZ 180 72,980.00 1 5.375 591.48 89 5.125 591.48 BILOXI MS 39531 2 07/21/03 01 0417661550 05 09/01/03 20 0417661550 N 08/01/18 0 8490796 E22/G02 F 54,735.00 ZZ 180 54,735.00 1 5.375 443.61 60 5.125 443.61 HUMBLE TX 77346 2 07/17/03 00 0417450079 03 09/01/03 0 0417450079 O 08/01/18 0 8490820 E22/G02 F 108,000.00 ZZ 180 108,000.00 1 5.375 875.30 45 5.125 875.30 SILVER SPRING MD 20906 2 07/15/03 00 0417506524 05 09/01/03 0 0417506524 O 08/01/18 0 8490976 E22/G02 F 178,000.00 ZZ 180 178,000.00 1 5.250 1,430.90 54 5.000 1,430.90 CHICAGO IL 60610 5 07/17/03 00 0417627114 06 09/01/03 0 0417627114 O 08/01/18 0 8491048 E22/G02 F 68,500.00 ZZ 180 68,500.00 1 4.875 537.24 20 4.625 537.24 LA MESA CA 91941 2 07/14/03 00 0417715182 05 09/01/03 0 0417715182 O 08/01/18 0 1 8491128 E22/G02 F 158,500.00 TX 180 158,500.00 1 5.375 1,284.59 54 5.125 1,284.59 ROCKWALL TX 75032 5 07/17/03 00 0417762358 03 09/01/03 0 0417762358 O 08/01/18 0 8491196 E22/G02 F 172,500.00 TX 180 172,500.00 2 6.750 1,526.47 75 6.500 1,526.47 GRAPEVINE TX 76051 5 07/22/03 00 0417544087 05 09/01/03 0 0417544087 N 08/01/18 0 8491292 E82/G02 F 71,950.00 ZZ 180 71,950.00 1 5.375 583.13 56 5.125 583.13 HIALEAH FL 33012 2 07/18/03 00 0400871554 05 09/01/03 0 0400871554 O 08/01/18 0 8491340 W35/G02 F 108,000.00 ZZ 180 108,000.00 1 5.000 854.06 80 4.750 854.06 BOOTHBAY HARBOR ME 04538 5 07/03/03 00 0436225346 05 09/01/03 0 21508 O 08/01/18 0 8491456 K15/G02 F 53,400.00 ZZ 180 53,400.00 1 5.000 422.28 49 4.750 422.28 CORALVILLE IA 52241 5 07/08/03 00 0436233175 05 09/01/03 0 009905511292 O 08/01/18 0 8491464 K15/G02 F 140,000.00 ZZ 180 140,000.00 1 1 5.000 1,107.11 80 4.750 1,107.11 BRUNSWICK ME 04011 2 07/16/03 00 0436233597 05 09/01/03 0 007805518319 O 08/01/18 0 8491570 K15/G02 F 140,000.00 ZZ 180 139,470.73 1 4.875 1,098.02 80 4.625 1,098.02 MIAMI FL 33177 5 06/25/03 00 0436237887 05 08/01/03 0 009705510555 O 07/01/18 0 8492166 K15/G02 F 199,500.00 ZZ 180 199,500.00 1 6.000 1,683.49 95 5.750 1,683.49 MULLICA TOWNSHI NJ 08215 5 07/10/03 41 0436235881 05 09/01/03 25 010805517930 O 08/01/18 0 8492180 E11/G02 F 403,000.00 ZZ 180 403,000.00 1 5.250 3,239.63 52 5.000 3,239.63 MEDINA MN 55340 2 07/15/03 00 0436238596 05 09/01/03 0 0014001060614 O 08/01/18 0 8492306 A46/G02 F 49,850.00 ZZ 180 49,850.00 1 6.000 420.67 67 5.750 420.67 ALVIN TX 77511 2 07/16/03 00 0436244826 05 09/01/03 0 0295391 N 08/01/18 0 8494618 U05/G02 F 246,000.00 ZZ 180 246,000.00 2 5.500 2,010.03 70 5.250 2,010.03 SAN CLEMENTE CA 92672 2 07/12/03 00 0436269005 05 09/01/03 0 1 3389178 O 08/01/18 0 8494704 X10/G02 F 115,000.00 TX 180 115,000.00 1 5.375 932.04 72 5.125 932.04 WACO TX 76710 5 07/09/03 00 0436238505 05 09/01/03 0 60001054 O 08/01/18 0 8494926 E82/G02 F 104,200.00 ZZ 180 104,200.00 1 5.250 837.64 68 5.000 837.64 LOWER PAXTON TO PA 17112 2 07/21/03 00 0400842738 05 09/01/03 0 0400842738 O 08/01/18 0 8495082 E82/G02 F 103,000.00 ZZ 180 103,000.00 1 5.000 814.52 46 4.750 814.52 THOUSAND OAKS CA 91360 2 07/18/03 00 0400868261 01 09/01/03 0 0400868261 O 08/01/18 0 8495142 E82/G02 F 112,600.00 ZZ 180 112,600.00 1 5.125 897.78 41 4.875 897.78 HERNDON VA 20170 2 07/21/03 00 0400851127 05 09/01/03 0 0400851127 O 08/01/18 0 8495146 E82/G02 F 70,200.00 ZZ 180 70,200.00 2 5.500 573.59 90 5.250 573.59 AKRON OH 44314 2 07/21/03 04 0400862439 05 09/01/03 20 0400862439 N 08/01/18 0 1 8495212 E22/G02 F 110,000.00 ZZ 180 110,000.00 1 5.125 877.05 86 4.875 877.05 ATHENS AL 35614 2 07/18/03 01 0417129186 05 09/01/03 25 0417129186 O 08/01/18 0 8495260 E22/G02 F 580,000.00 ZZ 180 580,000.00 1 5.625 4,777.64 74 5.375 4,777.64 SARATOGA CA 95070 5 07/16/03 00 0417339553 05 09/01/03 0 0417339553 O 08/01/18 0 8495352 E22/G02 F 82,000.00 ZZ 180 82,000.00 1 4.875 643.12 78 4.625 643.12 SIDNEY ME 04330 5 07/18/03 00 0417573235 05 09/01/03 0 0417573235 O 08/01/18 0 8495422 E22/G02 F 148,000.00 ZZ 180 148,000.00 1 5.625 1,219.12 84 5.375 1,219.12 SUITLAND MD 20746 5 07/18/03 01 0417615861 05 09/01/03 12 0417615861 O 08/01/18 0 8495446 E22/G02 F 399,000.00 ZZ 180 399,000.00 1 5.375 3,233.76 80 5.125 3,233.76 WILMINGTON DE 19803 5 07/18/03 00 0417659869 05 09/01/03 0 0417659869 O 08/01/18 0 8495614 E22/G02 F 76,100.00 ZZ 180 76,100.00 1 5.375 616.76 77 5.125 616.76 1 GARLAND TX 75042 2 07/18/03 00 0417855798 05 09/01/03 0 0417855798 O 08/01/18 0 8495618 E22/G02 F 230,000.00 ZZ 180 230,000.00 1 5.500 1,879.29 76 5.250 1,879.29 BOCA RATON FL 33487 2 07/18/03 00 0417858081 03 09/01/03 0 0417858081 O 08/01/18 0 8496714 Y23/G02 F 100,000.00 TX 180 100,000.00 1 5.500 817.08 80 5.250 817.08 LEWISVILLE TX 75067 5 07/17/03 00 0436239073 05 09/01/03 0 1000249607 O 08/01/18 0 8497132 952/G02 F 180,000.00 ZZ 180 180,000.00 1 4.875 1,411.74 70 4.625 1,411.74 BELLEVILLE NJ 07109 5 07/21/03 00 0436242523 05 09/01/03 0 03530127 O 08/01/18 0 8497256 U19/G02 F 137,600.00 ZZ 180 137,600.00 4 5.500 1,124.31 80 5.250 1,124.31 PHOENIX AZ 85006 2 07/07/03 00 0436293880 05 09/01/03 0 11001152 O 08/01/18 0 8497262 X10/G02 F 220,000.00 ZZ 180 220,000.00 1 5.250 1,768.53 79 5.000 1,768.53 ROWLETT TX 75089 1 07/21/03 00 0436243877 03 09/01/03 0 03052207 O 08/01/18 0 1 8497346 U05/G02 F 100,000.00 ZZ 180 99,656.14 1 6.000 843.86 51 5.750 843.86 TARZANA CA 91356 5 06/24/03 00 0436239248 01 08/01/03 0 3356099 N 07/01/18 0 8497352 Y23/G02 F 144,000.00 TX 180 144,000.00 1 5.875 1,205.45 79 5.625 1,205.45 IRVING TX 75063 5 07/17/03 00 0436272090 03 09/01/03 0 1000250172 O 08/01/18 0 8497436 U05/G02 F 320,000.00 TX 180 320,000.00 1 5.375 2,593.49 45 5.125 2,593.49 HOUSTON TX 77005 5 07/16/03 00 0436239628 05 09/01/03 0 3385119 O 08/01/18 0 8497460 742/G02 F 322,700.00 ZZ 180 322,700.00 1 5.250 2,594.11 36 5.000 2,594.11 RYE BROOK NY 10573 2 07/09/03 00 0436249650 03 09/01/03 0 6698765 O 08/01/18 0 8497652 758/G02 F 58,700.00 ZZ 180 58,700.00 1 5.000 464.20 54 4.750 464.20 HOUSTON TX 77077 2 07/08/03 00 0436266324 09 09/01/03 0 1 O 08/01/18 0 8498870 E82/G02 F 94,500.00 ZZ 180 94,500.00 1 1 5.250 759.66 52 5.000 759.66 AUSTIN TX 78731 2 07/23/03 00 0400868642 03 09/01/03 0 0400868642 O 08/01/18 0 8498928 E82/G02 F 172,950.00 ZZ 180 172,950.00 1 5.250 1,390.31 37 5.000 1,390.31 DALLAS TX 75230 2 07/22/03 00 0400855078 05 09/01/03 0 0400855078 O 08/01/18 0 8498946 E82/G02 F 76,000.00 ZZ 180 76,000.00 1 5.250 610.95 33 5.000 610.95 WILLITS CA 95490 2 07/18/03 00 0400858031 05 09/01/03 0 0400858031 O 08/01/18 0 8498952 E82/G02 F 128,100.00 ZZ 180 128,100.00 1 5.375 1,038.21 79 5.125 1,038.21 GLASGOW VA 24555 2 07/22/03 00 0400870218 05 09/01/03 0 0400870218 O 08/01/18 0 8498964 E22/G02 F 119,000.00 ZZ 180 119,000.00 1 5.625 980.24 39 5.375 980.24 LIVERMORE CA 94551 2 07/16/03 00 0417613213 01 09/01/03 0 0417613213 N 08/01/18 0 8498976 E22/G02 F 295,000.00 ZZ 180 295,000.00 1 4.875 2,313.68 47 4.625 2,313.68 SAN CLEMENTE CA 92672 5 07/17/03 00 0417641255 05 09/01/03 0 1 0417641255 O 08/01/18 0 8499146 E22/G02 F 118,000.00 ZZ 180 118,000.00 1 5.875 987.80 90 5.625 987.80 JUNCTION CITY KS 66441 1 07/24/03 01 0417938131 03 09/01/03 12 0417938131 O 08/01/18 0 8499806 K15/G02 F 52,000.00 ZZ 180 52,000.00 1 5.125 414.61 80 4.875 414.61 AKRON OH 44301 5 07/14/03 00 0436239586 05 09/01/03 0 028005510411 O 08/01/18 0 8500114 N74/G02 F 100,600.00 ZZ 180 100,600.00 1 5.375 815.33 89 5.125 815.33 LEE'S SUMMIT MO 64064 2 07/18/03 10 0436245740 05 09/01/03 25 0032897010 O 08/01/18 0 8500344 Q87/G02 F 50,000.00 TX 180 49,816.81 1 5.250 401.94 46 5.000 401.94 LOCKHART TX 78644 5 06/30/03 00 0436270243 05 08/07/03 0 SIGO01 O 07/07/18 0 8500424 964/G02 F 375,000.00 ZZ 180 375,000.00 1 5.125 2,989.96 64 4.875 2,989.96 SAN FRANCISCO CA 94122 2 07/17/03 00 0436281802 05 09/01/03 0 448242 O 08/01/18 0 1 8500472 883/G02 F 112,000.00 ZZ 180 112,000.00 1 5.625 922.58 70 5.375 922.58 MAITLAND FL 32751 5 07/14/03 00 0436237630 05 09/01/03 0 04000318 O 08/01/18 0 8500514 B23/G02 F 105,000.00 ZZ 180 105,000.00 1 5.750 871.93 57 5.500 871.93 CATHEDRAL CITY CA 92234 5 07/21/03 00 0436245237 05 09/01/03 0 80001667 O 08/01/18 0 8500534 M24/G02 F 148,500.00 ZZ 180 148,500.00 1 5.500 1,213.37 90 5.250 1,213.37 VENICE FL 34293 5 07/17/03 14 0436272306 05 09/01/03 25 253213620 O 08/01/18 0 8500726 T29/G02 F 120,000.00 TX 180 119,551.05 1 5.000 948.95 78 4.750 948.95 AUSTIN TX 78750 5 06/25/03 00 0436294367 05 08/01/03 0 1586355 O 07/01/18 0 8500732 964/G02 F 750,000.00 ZZ 180 750,000.00 1 5.375 6,078.50 50 5.125 6,078.50 LAKE FOREST PAR WA 98155 2 07/08/03 00 0436265763 05 09/01/03 0 414866 O 08/01/18 0 8500770 E76/G02 F 60,500.00 ZZ 180 60,500.00 1 5.500 494.34 50 5.250 494.34 1 EASTPOINT FL 32328 5 07/11/03 00 0436242283 05 09/01/03 0 10023797 O 08/01/18 0 8500816 964/G02 F 156,000.00 ZZ 180 156,000.00 1 5.250 1,254.05 41 5.000 1,254.05 MODESTO CA 95356 2 07/01/03 00 0436236640 05 09/01/03 0 462216 N 08/01/18 0 8500830 964/G02 F 145,600.00 ZZ 180 145,600.00 1 5.250 1,170.45 40 5.000 1,170.45 MODESTO CA 95356 2 07/01/03 00 0436244768 05 09/01/03 0 464386 N 08/01/18 0 8500844 964/G02 F 253,000.00 ZZ 180 253,000.00 1 5.000 2,000.71 78 4.750 2,000.71 LAS VEGAS NV 89129 2 07/10/03 00 0436258115 03 09/01/03 0 472271 O 08/01/18 0 8500864 964/G02 F 106,500.00 ZZ 180 106,500.00 1 4.500 814.72 27 4.250 814.72 HALF MOON BAY CA 94019 2 07/10/03 00 0436257679 01 09/01/03 0 436737 O 08/01/18 0 8500882 964/G02 F 322,700.00 ZZ 180 322,700.00 1 4.625 2,489.30 56 4.375 2,489.30 SAN FRANCISCO CA 94122 5 07/09/03 00 0436240386 05 09/01/03 0 453805 O 08/01/18 0 1 8500888 964/G02 F 83,000.00 ZZ 180 83,000.00 1 4.875 650.97 59 4.625 650.97 KINGSBURG CA 93631 5 07/11/03 00 0436248637 05 09/01/03 0 474990 O 08/01/18 0 8501130 964/G02 F 85,000.00 ZZ 180 85,000.00 1 5.625 700.17 49 5.375 700.17 MODESTO CA 95351 5 07/15/03 00 0436244503 05 09/01/03 0 485035 N 08/01/18 0 8501144 964/G02 F 322,700.00 ZZ 180 322,700.00 1 5.000 2,551.90 60 4.750 2,551.90 MILPITAS CA 95035 2 06/27/03 00 0436254650 05 09/01/03 0 429905 O 08/01/18 0 8501160 964/G02 F 203,250.00 ZZ 180 203,250.00 1 4.625 1,567.87 25 4.375 1,567.87 SAN RAFAEL CA 94903 2 06/30/03 00 0436243885 05 09/01/03 0 441792 O 08/01/18 0 8501176 964/G02 F 144,500.00 T 180 144,500.00 1 4.375 1,096.21 42 4.125 1,096.21 CONCORD CA 94519 2 07/01/03 00 0436241236 05 09/01/03 0 449814 O 08/01/18 0 8501180 964/G02 F 264,000.00 ZZ 180 264,000.00 1 1 4.500 2,019.58 59 4.250 2,019.58 SAN GABRIEL CA 91775 2 06/30/03 00 0436241509 05 09/01/03 0 449999 O 08/01/18 0 8501182 964/G02 F 116,000.00 ZZ 180 116,000.00 1 5.375 940.14 80 5.125 940.14 PEORIA AZ 85382 5 07/08/03 00 0436244677 05 09/01/03 0 449483 O 08/01/18 0 8501188 964/G02 F 255,000.00 ZZ 180 255,000.00 1 4.375 1,934.48 51 4.125 1,934.48 LOXAHATCHEE FL 33470 2 07/09/03 00 0436239362 05 09/01/03 0 450214 O 08/01/18 0 8501190 964/G02 F 133,000.00 ZZ 180 133,000.00 1 4.500 1,017.44 68 4.250 1,017.44 BEDFORD TX 76021 2 07/03/03 00 0436239925 03 09/01/03 0 455600 O 08/01/18 0 8501192 964/G02 F 130,000.00 ZZ 180 130,000.00 1 5.000 1,028.03 73 4.750 1,028.03 LAS VEGAS NV 89123 5 07/02/03 00 0436242556 03 09/01/03 0 455308 O 08/01/18 0 8501194 964/G02 F 200,000.00 ZZ 180 200,000.00 1 4.750 1,555.67 38 4.500 1,555.67 SAN JOSE CA 95128 5 07/10/03 00 0436241293 05 09/01/03 0 1 457399 O 08/01/18 0 8501196 964/G02 F 117,500.00 ZZ 180 117,500.00 1 4.375 891.38 33 4.125 891.38 SAN DIEGO CA 92117 2 07/10/03 00 0436257778 01 09/01/03 0 455479 O 08/01/18 0 8501198 964/G02 F 300,000.00 ZZ 180 300,000.00 1 4.875 2,352.89 45 4.625 2,352.89 SAN JOSE CA 95129 2 07/02/03 00 0436243869 05 09/01/03 0 462950 O 08/01/18 0 8501200 964/G02 F 192,000.00 ZZ 180 192,000.00 1 5.000 1,518.33 60 4.750 1,518.33 FREMONT CA 94555 2 07/02/03 00 0436248645 05 09/01/03 0 455710 O 08/01/18 0 8501236 964/G02 F 81,000.00 ZZ 180 81,000.00 1 4.625 624.83 31 4.375 624.83 ROLLA MO 65401 2 07/14/03 00 0436240733 05 09/01/03 0 463815 O 08/01/18 0 8501242 964/G02 F 124,000.00 ZZ 180 124,000.00 1 4.875 972.53 80 4.625 972.53 HENDERSON NV 89014 2 07/09/03 00 0436252282 03 09/01/03 0 464226 O 08/01/18 0 1 8501258 964/G02 F 270,000.00 ZZ 180 270,000.00 1 5.000 2,135.15 59 4.750 2,135.15 DALY CITY CA 94014 2 07/11/03 00 0436252209 05 09/01/03 0 432254 O 08/01/18 0 8501294 964/G02 F 131,800.00 ZZ 180 131,800.00 1 5.250 1,059.51 90 5.000 1,059.51 LAS VEGAS NV 89130 2 07/08/03 10 0436241541 05 09/01/03 25 426906 N 08/01/18 0 8502026 E82/G02 F 138,000.00 ZZ 180 138,000.00 1 5.375 1,118.44 55 5.125 1,118.44 CHARLESTOWN RI 02813 5 07/24/03 00 0400864278 05 09/01/03 0 0400864278 O 08/01/18 0 8502034 E82/G02 F 79,300.00 ZZ 180 79,300.00 1 5.250 637.48 84 5.000 637.48 BATESVILLE MS 38606 2 07/24/03 10 0400868816 05 09/01/03 6 0400868816 O 08/01/18 0 8502054 E82/G02 F 99,200.00 ZZ 180 99,200.00 2 5.500 810.55 80 5.250 810.55 CHICAGO IL 60609 2 07/24/03 00 0400835377 05 09/01/03 0 0400835377 N 08/01/18 0 8502170 E22/G02 F 124,500.00 ZZ 180 124,500.00 1 5.625 1,025.55 93 5.375 1,025.55 1 SPOKANE WA 99223 5 07/17/03 04 0417753845 05 09/01/03 30 0417753845 O 08/01/18 0 8502318 E22/G02 F 40,000.00 ZZ 180 40,000.00 1 5.625 329.49 58 5.375 329.49 ATHENS AL 35614 5 07/18/03 00 0417129665 05 09/01/03 0 0417129665 N 08/01/18 0 8502320 E22/G02 F 40,000.00 ZZ 180 40,000.00 1 5.625 329.49 43 5.375 329.49 ATHENS AL 35614 5 07/18/03 00 0417130077 05 09/01/03 0 0417130077 N 08/01/18 0 8502404 E22/G02 F 88,350.00 ZZ 180 88,350.00 1 6.000 745.55 95 5.750 745.55 SHELTON WA 98584 5 07/09/03 04 0417437464 05 09/01/03 25 0417437464 O 08/01/18 0 8502434 E22/G02 F 75,000.00 ZZ 180 75,000.00 1 5.000 593.10 80 4.750 593.10 ALBUQUERQUE NM 87120 5 07/18/03 00 0417498441 07 09/01/03 0 0417498441 O 08/01/18 0 8502452 E22/G02 F 144,800.00 TX 180 144,800.00 1 5.500 1,183.14 80 5.250 1,183.14 HOUSTON TX 77091 5 07/21/03 00 0417524436 03 09/01/03 0 0417524436 O 08/01/18 0 1 8502688 E22/G02 F 236,600.00 ZZ 180 236,600.00 1 5.750 1,964.75 78 5.500 1,964.75 ORLAND PARK IL 60462 5 07/21/03 00 0417880242 05 09/01/03 0 0417880242 O 08/01/18 0 8502738 E22/G02 F 41,000.00 ZZ 180 41,000.00 1 5.000 324.23 49 4.750 324.23 SAGINAW MI 48601 5 07/21/03 00 0417947223 05 09/01/03 0 0417947223 O 08/01/18 0 8503348 642/G02 F 266,500.00 ZZ 180 266,500.00 1 5.125 2,124.86 50 4.875 2,124.86 ALPINE CA 91901 2 07/11/03 00 0436330948 05 09/01/03 0 05180103 O 08/01/18 0 8503576 940/G02 F 118,000.00 ZZ 180 118,000.00 1 5.375 956.35 55 5.125 956.35 LOS ANGELES ARE CA 90022 2 07/10/03 00 0436284137 05 09/01/03 0 40030974 O 08/01/18 0 8503772 H76/G02 F 50,000.00 ZZ 120 50,000.00 1 6.500 567.74 31 6.250 567.74 CHRISTIANSBURG VA 24073 5 07/14/03 00 0436239602 05 09/01/03 0 2003481610 O 08/01/13 0 8503874 286/286 F 121,000.00 ZZ 180 119,718.86 1 1 5.750 1,004.80 70 5.500 1,004.80 CHICAGO IL 60632 5 04/19/03 00 2301473 05 06/01/03 0 2301473 O 05/01/18 0 8503886 286/286 F 75,000.00 ZZ 180 74,722.31 1 5.125 598.00 47 4.875 598.00 BALTIMORE MD 21222 5 06/09/03 00 2324886 05 08/01/03 0 2324886 O 07/01/18 0 8503892 286/286 F 100,000.00 ZZ 180 99,168.69 1 5.750 830.42 55 5.500 830.42 ST MICHAELS MD 21663 5 05/23/03 00 2272936 05 07/01/03 0 2272936 N 06/01/18 0 8503898 286/286 F 50,000.00 ZZ 180 49,820.62 1 5.500 408.55 41 5.250 408.55 WAUCONDA IL 60084 5 06/06/03 00 2474132 01 08/01/03 0 2474132 O 07/01/18 0 8503900 286/286 F 57,500.00 ZZ 180 57,086.50 1 5.500 469.83 68 5.250 469.83 WHEATON MN 56296 2 05/19/03 00 2312088 05 07/01/03 0 2312088 O 06/01/18 0 8503908 286/286 F 110,400.00 T 180 109,622.58 1 5.750 916.78 80 5.500 916.78 DAVIE FL 33324 1 05/29/03 00 2350281 01 07/01/03 0 1 2350281 O 06/01/18 0 8503922 286/286 F 16,000.00 ZZ 180 15,085.57 1 5.875 133.94 77 5.625 133.94 HARTFORD CT 06114 1 05/22/03 00 2190087 01 07/01/03 0 2190087 O 06/01/18 0 8503930 286/286 F 202,000.00 ZZ 180 201,175.32 2 5.500 1,650.51 66 5.250 1,650.51 NEW BRUNSWICK NJ 08901 5 06/16/03 00 2272673 05 08/01/03 0 2272673 N 07/01/18 0 8503932 286/286 F 177,000.00 ZZ 180 175,145.53 3 5.875 1,481.70 64 5.625 1,481.70 CHICAGO IL 60647 5 04/30/03 00 2330642 05 06/01/03 0 2330642 O 05/01/18 0 8503940 286/286 F 48,100.00 ZZ 180 47,746.77 1 5.250 386.67 90 5.000 386.67 WEST SPRINGFIEL MA 01089 1 05/29/03 11 2289379 01 07/01/03 12 2289379 O 06/01/18 0 8503944 286/286 F 68,000.00 ZZ 180 67,507.20 1 6.125 578.43 80 5.875 578.43 HOLT MO 64048 5 05/09/03 00 2287385 05 07/01/03 0 2287385 O 06/01/18 0 1 8503952 286/286 F 1,000,000.00 ZZ 180 982,181.85 1 6.625 8,779.94 59 6.375 8,779.94 SOUTHLAKE TX 76092 2 05/23/03 00 2184604 05 07/01/03 0 2184604 N 06/01/18 0 8503956 286/286 F 200,000.00 ZZ 180 198,576.73 1 5.625 1,647.47 66 5.375 1,647.47 BRICK NJ 08723 5 05/23/03 00 2328120 05 07/01/03 0 2328120 O 06/01/18 0 8503964 286/286 F 54,800.00 ZZ 180 54,401.75 1 5.375 444.14 80 5.125 444.14 LEWISVILLE TX 75067 1 05/20/03 00 2399292 05 07/01/03 0 2399292 N 06/01/18 0 8503974 286/286 F 161,250.00 ZZ 180 160,090.37 1 5.500 1,317.55 75 5.250 1,317.55 BRANFORD CT 06405 5 05/27/03 00 2365355 05 07/01/03 0 2365355 N 06/01/18 0 8503976 286/286 F 47,500.00 ZZ 180 47,343.51 1 6.500 413.78 80 6.250 413.78 HAMPTON VA 23669 2 06/09/03 00 2277139 01 08/01/03 0 2277139 N 07/01/18 0 8503978 286/286 F 160,000.00 ZZ 180 158,825.02 1 5.250 1,286.21 80 5.000 1,286.21 1 GRAND RAPIDS MN 55744 5 05/12/03 00 2311964 05 07/01/03 0 2311964 O 06/01/18 0 8503986 286/286 F 278,600.00 ZZ 180 276,739.57 4 6.375 2,407.81 74 6.125 2,407.81 WOBURN MA 01801 1 05/16/03 00 2241297 05 07/01/03 0 2241297 N 06/01/18 0 8503994 286/286 F 236,000.00 ZZ 180 234,284.93 1 5.375 1,912.70 47 5.125 1,912.70 MILPITAS CA 95035 2 05/16/03 00 2244331 05 07/01/03 0 2244331 N 06/01/18 0 8503996 286/286 F 297,000.00 ZZ 180 294,818.95 1 5.250 2,387.52 90 5.000 2,387.52 STERLING VA 20166 1 05/30/03 11 2156501 05 07/01/03 25 2156501 N 06/01/18 0 8504006 286/286 F 56,000.00 ZZ 180 55,803.30 1 5.750 465.03 68 5.500 465.03 GIFFORD IL 61847 2 06/09/03 00 2063911 05 08/01/03 0 2063911 O 07/01/18 0 8504014 286/286 F 54,750.00 ZZ 180 53,582.25 1 5.750 454.65 57 5.500 454.65 PHOENIX AZ 85020 2 01/27/03 00 1983147 05 03/01/03 0 1983147 N 02/01/18 0 1 8504016 286/286 F 378,500.00 ZZ 120 372,107.80 1 5.375 4,084.32 56 5.125 4,084.32 ATLANTIC HIGHLA NJ 07716 2 05/30/03 00 2404046 05 07/01/03 0 2404046 O 06/01/13 0 8504020 286/286 F 71,500.00 ZZ 180 70,991.19 2 5.625 588.97 60 5.375 588.97 NEWPORT NEWS VA 23607 2 05/21/03 00 2332643 05 07/01/03 0 2332643 N 06/01/18 0 8504028 286/286 F 142,000.00 ZZ 180 141,490.57 1 5.500 1,160.26 67 5.250 1,160.26 BOWIE MD 20715 2 06/19/03 00 2402025 05 08/01/03 0 2402025 N 07/01/18 0 8504038 286/286 F 91,800.00 ZZ 180 91,456.55 1 5.000 725.95 68 4.750 725.95 KATY TX 77450 2 06/11/03 00 2452983 05 08/01/03 0 2452983 N 07/01/18 0 8504042 286/286 F 114,500.00 ZZ 180 113,667.89 1 5.375 927.99 68 5.125 927.99 NAUGATUCK CT 06770 5 05/16/03 00 2267528 05 07/01/03 0 2267528 O 06/01/18 0 8504052 286/286 F 113,600.00 ZZ 180 112,808.46 1 1 5.875 950.97 77 5.625 950.97 GLENDALE WI 53217 5 05/21/03 00 2354924 05 07/01/03 0 2354924 O 06/01/18 0 8504056 286/286 F 113,600.00 ZZ 180 113,188.14 1 5.375 920.69 80 5.125 920.69 ROCK ISLAND IL 61201 1 06/06/03 00 2414414 05 08/01/03 0 2414414 O 07/01/18 0 8504064 286/286 F 160,000.00 ZZ 180 158,919.92 1 5.375 1,296.75 42 5.125 1,296.75 RANDOLPH MA 02368 5 06/05/03 00 2358782 05 08/01/03 0 2358782 O 07/01/18 0 8504070 286/286 F 132,000.00 ZZ 180 131,541.25 1 5.875 1,105.00 80 5.625 1,105.00 MORENO VALLEY CA 92553 5 06/09/03 00 2384965 05 08/01/03 0 2384965 N 07/01/18 0 8504072 286/286 F 260,000.00 ZZ 180 258,207.47 2 6.000 2,194.03 60 5.750 2,194.03 SAN LEANDRO CA 94578 5 05/16/03 00 2337820 05 07/01/03 0 2337820 N 06/01/18 0 8504080 286/286 F 148,000.00 ZZ 180 147,474.62 1 5.625 1,219.13 80 5.375 1,219.13 SEWICKLEY PA 15143 1 06/16/03 00 2260485 03 08/01/03 0 1 2260485 O 07/01/18 0 8504088 286/286 F 162,100.00 ZZ 180 161,017.55 1 6.375 1,400.95 75 6.125 1,400.95 OVERLAND PARK KS 66207 2 05/30/03 00 2272517 05 07/01/03 0 2272517 N 06/01/18 0 8504092 286/286 F 105,000.00 ZZ 180 104,623.31 1 5.500 857.94 49 5.250 857.94 DEERFIELD BEACH FL 33442 5 06/09/03 00 2379496 05 08/01/03 0 2379496 O 07/01/18 0 8504098 286/286 F 51,200.00 ZZ 180 50,839.46 1 5.750 425.17 80 5.500 425.17 URBANA IL 61802 1 05/23/03 00 2389477 05 07/01/03 0 2389477 N 06/01/18 0 8504106 286/286 F 144,000.00 ZZ 180 143,494.20 1 5.750 1,195.80 43 5.500 1,195.80 WAKEFIELD MA 01880 5 06/05/03 00 2312614 05 08/01/03 0 2312614 O 07/01/18 0 8504116 286/286 F 40,000.00 ZZ 180 39,860.98 1 5.875 334.85 80 5.625 334.85 AKRON OH 44306 5 06/04/03 00 2323471 05 08/01/03 0 2323471 N 07/01/18 0 1 8504122 286/286 F 100,000.00 ZZ 180 99,280.84 1 5.500 817.09 33 5.250 817.09 PASO ROBLES CA 93446 5 05/14/03 00 2236869 05 07/01/03 0 2236869 N 06/01/18 0 8504128 286/286 F 90,000.00 ZZ 180 89,315.99 1 5.500 735.38 48 5.250 735.38 EL MONTE CA 91732 2 05/20/03 00 2327527 05 07/01/03 0 2327527 O 06/01/18 0 8504134 286/286 F 43,200.00 ZZ 180 43,049.86 1 5.875 361.64 80 5.625 361.64 AKRON OH 44310 5 06/04/03 00 2323474 05 08/01/03 0 2323474 N 07/01/18 0 8504138 286/286 F 358,200.00 ZZ 180 354,292.48 1 5.750 2,974.53 57 5.500 2,974.53 DUCK NC 27949 2 06/05/03 00 1976334 05 07/01/03 0 1976334 N 06/01/18 0 8504142 286/286 F 85,000.00 ZZ 180 84,030.39 1 5.500 694.53 54 5.250 694.53 BREVARD NC 28712 5 04/08/03 00 2216005 05 06/01/03 0 2216005 O 05/01/18 0 8504152 286/286 F 350,000.00 ZZ 180 348,395.83 1 6.500 3,048.88 51 6.250 3,048.88 1 LINCOLN RI 02865 5 06/02/03 00 2328221 05 08/01/03 0 2328221 O 07/01/18 0 8504156 286/286 F 56,250.00 ZZ 180 55,874.36 1 6.375 486.15 75 6.125 486.15 DAYTON OH 45427 5 06/04/03 00 2432234 05 07/01/03 0 2432234 N 06/01/18 0 8504160 286/286 F 195,000.00 ZZ 180 194,289.47 1 6.000 1,645.53 67 5.750 1,645.53 HUNTINGTOWN MD 20639 5 06/13/03 00 2388304 05 08/01/03 0 2388304 O 07/01/18 0 8504164 286/286 F 78,000.00 ZZ 180 77,479.14 4 6.375 674.12 65 6.125 674.12 DAYTON OH 45407 5 06/04/03 00 2432333 05 07/01/03 0 2432333 N 06/01/18 0 8504170 286/286 F 52,500.00 ZZ 180 52,149.41 1 6.375 453.74 75 6.125 453.74 DAYTON OH 45407 5 06/04/03 00 2437291 05 07/01/03 0 2437291 N 06/01/18 0 8504182 286/286 F 49,500.00 ZZ 180 49,169.44 1 6.375 427.81 75 6.125 427.81 DAYTON OH 45417 5 06/04/03 00 2437423 05 07/01/03 0 2437423 N 06/01/18 0 1 8504186 286/286 F 115,500.00 ZZ 180 114,646.87 2 5.875 966.88 75 5.625 966.88 VANCOUVER WA 98664 5 05/08/03 00 2319986 05 07/01/03 0 2319986 N 06/01/18 0 8504190 286/286 F 125,000.00 ZZ 180 124,560.94 1 5.750 1,038.02 50 5.500 1,038.02 LAKEVILLE MA 02347 5 06/06/03 00 2339262 05 08/01/03 0 2339262 O 07/01/18 0 8504196 286/286 F 227,600.00 ZZ 180 226,774.84 1 5.375 1,844.62 74 5.125 1,844.62 WHITEHOUSE OH 43571 5 06/05/03 00 2252639 05 08/01/03 0 2252639 O 07/01/18 0 8504202 286/286 F 37,500.00 ZZ 180 37,246.89 1 6.250 321.54 75 6.000 321.54 BIRMINGHAM AL 35214 5 06/02/03 00 2309873 05 07/01/03 0 2309873 N 06/01/18 0 8504204 286/286 F 132,000.00 ZZ 180 130,996.78 1 5.500 1,078.56 38 5.250 1,078.56 MIAMI FL 33176 5 05/28/03 00 2304794 05 07/01/03 0 2304794 O 06/01/18 0 8504210 286/286 F 190,000.00 ZZ 180 188,528.39 1 1 5.500 1,552.46 95 5.250 1,552.46 LAWRENCE MA 01843 5 05/30/03 12 2299648 05 07/01/03 25 2299648 O 06/01/18 0 8504214 286/286 F 287,000.00 ZZ 180 284,762.12 1 5.500 2,345.03 26 5.250 2,345.03 SUDBURY MA 01760 2 05/27/03 00 2334313 05 07/01/03 0 2334313 O 06/01/18 0 8504222 286/286 F 43,500.00 ZZ 180 43,196.90 2 5.875 364.15 42 5.625 364.15 ORLANDO FL 32812 2 05/30/03 00 2363280 05 07/01/03 0 2363280 N 06/01/18 0 8504224 286/286 F 43,500.00 ZZ 180 43,206.40 2 6.250 372.98 75 6.000 372.98 DODGE CITY KS 67801 5 05/22/03 00 2385528 05 07/01/03 0 2385528 N 06/01/18 0 8504230 286/286 F 93,000.00 ZZ 180 92,365.58 1 6.125 791.08 66 5.875 791.08 WAUKEGAN IL 60085 5 05/12/03 00 2378839 05 07/01/03 0 2378839 O 06/01/18 0 8504234 286/286 F 170,000.00 ZZ 180 168,815.47 2 5.875 1,423.11 90 5.625 1,423.11 HENNIKER NH 03242 1 05/23/03 12 2318818 05 07/01/03 25 1 2318818 O 06/01/18 0 8504246 286/286 F 132,000.00 TX 180 131,080.25 1 5.875 1,105.00 80 5.625 1,105.00 GEORGETOWN TX 78628 5 05/30/03 00 2338509 05 07/01/03 0 2338509 N 06/01/18 0 8504254 286/286 F 111,300.00 ZZ 180 110,913.19 1 5.875 931.72 69 5.625 931.72 FAIRBORN OH 45324 2 06/05/03 00 2059317 05 08/01/03 0 2059317 N 07/01/18 0 8504262 286/286 F 58,400.00 ZZ 180 58,159.60 1 5.250 469.47 76 5.000 469.47 OTHELLO WA 99344 5 06/09/03 00 2369904 05 08/01/03 0 2369904 O 07/01/18 0 8504264 286/286 F 36,000.00 ZZ 180 35,746.49 1 5.750 298.95 80 5.500 298.95 EAGAR AZ 85925 1 05/30/03 00 2294495 05 07/01/03 0 2294495 N 06/01/18 0 8504266 286/286 F 64,000.00 ZZ 180 63,568.02 1 6.250 548.76 80 6.000 548.76 ALBUQUERQUE NM 87105 2 05/22/03 00 2236597 05 07/01/03 0 2236597 N 06/01/18 0 1 8504274 286/286 F 125,000.00 ZZ 180 123,690.35 1 5.875 1,046.40 77 5.625 1,046.40 CHICAGO IL 60623 5 04/24/03 00 2318050 05 06/01/03 0 2318050 O 05/01/18 0 8504282 286/286 F 140,000.00 ZZ 180 139,003.51 2 5.625 1,153.23 41 5.375 1,153.23 LOS ANGELES CA 90039 5 05/16/03 00 2322437 05 07/01/03 0 2322437 N 06/01/18 0 8504284 286/286 F 58,400.00 ZZ 180 58,203.43 1 6.250 500.74 80 6.000 500.74 ALBUQUERQUE NM 87102 2 06/02/03 00 2236666 05 08/01/03 0 2236666 N 07/01/18 0 8504288 286/286 F 159,900.00 ZZ 180 158,774.03 2 5.750 1,327.83 78 5.500 1,327.83 CHICAGO IL 60632 2 05/23/03 00 2365195 05 07/01/03 0 2365195 O 06/01/18 0 8504290 286/286 F 66,000.00 ZZ 180 65,535.23 1 5.750 548.08 78 5.500 548.08 GLENDALE AZ 85306 2 05/15/03 00 2314521 05 07/01/03 0 2314521 N 06/01/18 0 8504300 286/286 F 135,000.00 ZZ 180 133,534.10 1 5.875 1,130.11 57 5.625 1,130.11 1 DES PLAINES IL 60018 5 04/22/03 00 2305995 05 06/01/03 0 2305995 O 05/01/18 0 8504302 286/286 F 82,000.00 ZZ 180 81,711.98 1 5.750 680.94 72 5.500 680.94 HOUSTON TX 77071 2 06/09/03 00 2274314 05 08/01/03 0 2274314 O 07/01/18 0 8504306 286/286 F 92,000.00 ZZ 180 91,676.85 2 5.750 763.98 44 5.500 763.98 MIAMI FL 33134 2 06/09/03 00 2398464 05 08/01/03 0 2398464 N 07/01/18 0 8504314 286/286 F 56,800.00 ZZ 180 56,420.70 2 6.375 490.90 80 6.125 490.90 PHILADELPHIA PA 19141 1 06/05/03 00 2419787 05 07/01/03 0 2419787 N 06/01/18 0 8504316 286/286 F 110,000.00 ZZ 180 109,006.06 1 5.500 898.80 40 5.250 898.80 SAN DIEGO CA 92105 2 05/06/03 00 2249532 05 07/01/03 0 2249532 O 06/01/18 0 8504318 286/286 F 55,500.00 ZZ 180 55,121.40 1 6.125 472.10 74 5.875 472.10 RENO NV 89502 2 05/29/03 00 2245970 01 07/01/03 0 2245970 N 06/01/18 0 1 8504334 286/286 F 450,000.00 ZZ 180 448,436.08 1 5.875 3,767.04 63 5.625 3,767.04 DEL MAR CA 92014 5 06/06/03 00 2446423 05 08/01/03 0 2446423 N 07/01/18 0 8504340 286/286 F 132,000.00 ZZ 180 130,592.39 1 5.875 1,105.00 70 5.625 1,105.00 ADDISON IL 60101 5 04/23/03 00 2306209 05 06/01/03 0 2306209 O 05/01/18 0 8504346 286/286 F 50,000.00 ZZ 180 49,655.28 1 6.000 421.93 59 5.750 421.93 CANTON OH 44709 5 05/22/03 00 2297813 05 07/01/03 0 2297813 N 06/01/18 0 8504356 286/286 F 150,000.00 T 180 148,863.55 1 4.875 1,176.45 75 4.625 1,176.45 LAKEWOOD NJ 08701 5 05/28/03 00 2364704 01 07/01/03 0 2364704 O 06/01/18 0 8504370 286/286 F 22,500.00 ZZ 180 22,348.12 1 6.250 192.93 75 6.000 192.93 DODGE CITY KS 67801 5 05/22/03 00 2385468 05 07/01/03 0 2385468 N 06/01/18 0 8504374 286/286 F 84,000.00 ZZ 180 81,599.64 1 1 5.750 697.55 79 5.500 697.55 INDIANAPOLIS IN 46231 5 11/11/02 00 1662251 05 01/01/03 0 1662251 N 12/01/17 0 8504382 286/286 F 129,000.00 ZZ 180 128,098.13 1 5.875 1,079.89 70 5.625 1,079.89 HAZEL CREST IL 60429 5 05/23/03 00 2309881 05 07/01/03 0 2309881 O 06/01/18 0 8504390 286/286 F 100,000.00 T 179 95,485.00 1 6.250 860.32 45 6.000 860.32 SPRING HILL FL 34606 1 06/28/02 00 2042297 05 08/01/02 0 2042297 O 06/01/17 0 8504400 286/286 F 145,000.00 ZZ 180 141,345.81 1 5.625 1,194.42 68 5.375 1,194.42 SACRAMENTO CA 95829 1 12/08/02 00 1757176 05 02/01/03 0 1757176 N 01/01/18 0 8504404 286/286 F 272,000.00 ZZ 180 268,428.68 1 5.375 2,204.47 80 5.125 2,204.47 ANN ARBOR MI 48108 5 05/28/03 00 2321536 05 07/01/03 0 2321536 O 06/01/18 0 8504418 286/286 F 283,600.00 ZZ 180 282,471.80 1 5.375 2,298.49 80 5.125 2,298.49 ONTARIO CA 91761 5 06/04/03 00 2227471 05 08/01/03 0 1 2227471 O 07/01/18 0 8504422 286/286 F 108,000.00 ZZ 180 107,231.42 1 5.625 889.64 80 5.375 889.64 GEORGETOWN TX 78628 2 05/30/03 00 2358750 05 07/01/03 0 2358750 N 06/01/18 0 8504432 286/286 F 237,390.00 ZZ 180 228,854.32 2 4.875 1,861.85 37 4.625 1,861.85 NEWTON MA 02467 5 05/19/03 00 2313397 05 07/01/03 0 2313397 O 06/01/18 0 8504442 286/286 F 132,000.00 ZZ 180 131,080.25 1 5.875 1,105.00 60 5.625 1,105.00 SACRAMENTO CA 95828 5 05/23/03 00 2324739 05 07/01/03 0 2324739 N 06/01/18 0 8504454 286/286 F 60,550.00 ZZ 180 59,940.20 1 5.375 490.74 45 5.125 490.74 PORT ORCHARD WA 98366 2 05/27/03 00 2320558 05 07/01/03 0 2320558 N 06/01/18 0 8504468 286/286 F 85,600.00 ZZ 180 84,977.93 1 5.375 693.76 80 5.125 693.76 HOUSTON TX 77055 1 05/22/03 00 2322866 05 07/01/03 0 2322866 N 06/01/18 0 1 8504472 286/286 F 116,000.00 ZZ 180 115,060.96 2 5.375 940.14 71 5.125 940.14 PORT ORCHARD WA 98366 2 05/27/03 00 2224380 05 07/01/03 0 2224380 N 06/01/18 0 8504486 286/286 F 176,000.00 ZZ 180 175,388.34 1 5.875 1,473.33 80 5.625 1,473.33 ALBUQUERQUE NM 87106 2 06/04/03 00 2338148 05 08/01/03 0 2338148 O 07/01/18 0 8504494 286/286 F 65,000.00 TX 180 63,819.66 1 5.875 544.13 64 5.625 544.13 HOUSTON TX 77082 5 05/21/03 00 2349750 05 07/01/03 0 2349750 N 06/01/18 0 8504504 286/286 F 60,000.00 ZZ 180 59,590.70 1 6.125 510.38 80 5.875 510.38 RENO NV 89502 2 05/28/03 00 2162810 01 07/01/03 0 2162810 N 06/01/18 0 8504514 286/286 F 49,000.00 ZZ 180 48,665.73 1 6.125 416.81 66 5.875 416.81 RENO NV 89502 2 05/28/03 00 2174449 01 07/01/03 0 2174449 N 06/01/18 0 8504524 286/286 F 46,000.00 ZZ 180 45,686.20 1 6.125 391.29 61 5.875 391.29 1 RENO NV 89502 2 05/28/03 00 2174454 01 07/01/03 0 2174454 N 06/01/18 0 8504536 286/286 F 46,900.00 ZZ 180 46,580.06 1 6.125 398.95 67 5.875 398.95 RENO NV 89502 2 05/29/03 00 2246010 01 07/01/03 0 2246010 N 06/01/18 0 8504544 286/286 F 100,000.00 ZZ 180 99,652.46 1 5.875 837.12 65 5.625 837.12 LAKEVILLE MA 02347 5 06/04/03 00 2458659 05 08/01/03 0 2458659 N 07/01/18 0 8504556 286/286 F 140,000.00 ZZ 180 139,003.71 1 5.625 1,153.23 70 5.375 1,153.23 PORTLAND OR 97217 5 05/28/03 00 2333724 05 07/01/03 0 2333724 N 06/01/18 0 8504566 286/286 F 32,750.00 ZZ 180 31,926.27 1 5.500 267.60 73 5.250 267.60 BRYAN TX 77802 2 05/23/03 00 2301576 05 07/01/03 0 2301576 N 06/01/18 0 8505546 T23/G02 F 58,500.00 ZZ 180 58,500.00 1 5.250 470.27 74 5.000 470.27 NEWARK OH 43055 2 07/25/03 00 0436250450 05 09/01/03 0 6660 O 08/01/18 0 1 8505690 G34/G02 F 141,600.00 ZZ 180 141,600.00 1 5.625 1,166.40 80 5.375 1,166.40 LAS VEGAS NV 89144 1 07/23/03 00 0436259436 03 09/01/03 0 773011361 N 08/01/18 0 8505770 W93/G02 F 92,000.00 ZZ 180 92,000.00 1 5.375 745.63 70 5.125 745.63 GLENDALE AZ 85301 1 07/16/03 00 0436261937 03 09/01/03 0 35491423 O 08/01/18 0 8505778 W93/G02 F 80,000.00 ZZ 180 80,000.00 1 5.000 632.64 45 4.750 632.64 FRESNO CA 93711 5 07/09/03 00 0436257398 05 09/01/03 0 45455076 O 08/01/18 0 8505916 H81/G02 F 115,000.00 ZZ 180 115,000.00 1 5.125 916.92 77 4.875 916.92 MECHANSICSVILLE VA 23116 5 07/23/03 00 0436247449 05 09/01/03 0 WH20068 O 08/01/18 0 8505958 M45/G02 F 385,000.00 ZZ 180 385,000.00 1 4.750 2,994.66 62 4.500 2,994.66 FARMINGDALE NJ 07727 2 07/03/03 00 0436254072 05 09/01/03 0 A0500883 O 08/01/18 0 8506008 Q87/G02 F 106,200.00 ZZ 180 106,200.00 1 1 5.375 860.71 90 5.125 860.71 TUSCALOOSA AL 35406 5 07/24/03 04 0436238968 05 09/01/03 12 WRME01 O 08/01/18 0 8506064 883/G02 F 159,000.00 ZZ 180 159,000.00 1 5.125 1,267.74 68 4.875 1,267.74 ABINGTON MA 02351 5 07/15/03 00 0436248421 05 09/01/03 0 60001775 O 08/01/18 0 8506088 K15/G02 F 60,000.00 ZZ 180 60,000.00 1 5.125 478.39 28 4.875 478.39 CIRCLE PINES MN 55014 5 07/10/03 00 0436245229 05 09/01/03 0 013205518611 O 08/01/18 0 8506446 X10/G02 F 77,200.00 TX 180 77,200.00 1 5.625 635.92 80 5.375 635.92 MISSOURI CITY TX 77489 5 07/21/03 00 0436279699 03 09/01/03 0 60001238 O 08/01/18 0 8506454 K60/G02 F 91,300.00 ZZ 180 91,300.00 1 5.500 746.00 63 5.250 746.00 NEWARK DE 19713 2 07/17/03 00 0436327191 05 09/01/03 0 79438 O 08/01/18 0 8506492 E22/G02 F 200,000.00 TX 180 200,000.00 1 5.250 1,607.76 68 5.000 1,607.76 HOUSTON TX 77082 5 07/21/03 00 0416819670 03 09/01/03 0 1 0416819670 O 08/01/18 0 8506498 E22/G02 F 88,800.00 TX 180 88,800.00 1 5.000 702.22 80 4.750 702.22 HOUSTON TX 77088 5 07/22/03 00 0416945418 03 09/01/03 0 0416945418 O 08/01/18 0 8506572 E22/G02 F 142,000.00 ZZ 180 142,000.00 1 5.375 1,150.86 51 5.125 1,150.86 CAROLINA BEACH NC 28428 2 07/22/03 00 0416693216 05 09/01/03 0 0416693216 O 08/01/18 0 8506628 E22/G02 F 80,700.00 ZZ 180 80,700.00 1 5.125 643.44 58 4.875 643.44 BROKEN ARROW OK 74011 1 07/25/03 00 0417438017 05 09/01/03 0 0417438017 N 08/01/18 0 8506630 E82/G02 F 95,700.00 ZZ 180 95,700.00 1 5.375 775.62 80 5.125 775.62 DALLAS TX 75228 2 07/25/03 00 0400869665 05 09/01/03 0 0400869665 O 08/01/18 0 8506642 E82/G02 F 221,900.00 ZZ 180 221,900.00 1 5.375 1,798.42 76 5.125 1,798.42 WEST BLOOMFIELD MI 48322 2 07/25/03 00 0400864294 01 09/01/03 0 0400864294 O 08/01/18 0 1 8506726 E22/G02 F 230,000.00 ZZ 180 230,000.00 1 5.125 1,833.84 38 4.875 1,833.84 SAN FRANCISCO CA 94134 2 07/20/03 00 0417517059 07 09/01/03 0 0417517059 O 08/01/18 0 8506770 E82/G02 F 75,400.00 ZZ 180 75,400.00 1 5.125 601.18 40 4.875 601.18 SLIPPERY ROCK PA 16057 2 07/24/03 00 0400867693 05 09/01/03 0 0400867693 O 08/01/18 0 8506804 E82/G02 F 150,000.00 ZZ 180 150,000.00 1 5.250 1,205.82 58 5.000 1,205.82 OAKLAND NJ 07436 2 07/21/03 00 0400868055 05 09/01/03 0 0400868055 O 08/01/18 0 8506808 E82/G02 F 58,300.00 ZZ 180 58,300.00 1 5.875 488.04 53 5.625 488.04 TREDYFFRIN TOWN PA 19333 2 07/25/03 00 0400862249 01 09/01/03 0 0400862249 N 08/01/18 0 8506854 E22/G02 F 167,000.00 ZZ 180 167,000.00 1 5.625 1,375.63 74 5.375 1,375.63 LEAKESVILLE MS 39451 5 07/22/03 00 0417570546 05 09/01/03 0 0417570546 O 08/01/18 0 8506898 E82/G02 F 39,950.00 ZZ 180 39,950.00 1 5.750 331.75 51 5.500 331.75 1 HALLANDALE FL 33009 2 07/23/03 00 0400871166 08 09/01/03 0 0400871166 O 08/01/18 0 8506924 E22/G02 F 71,000.00 ZZ 180 71,000.00 1 5.500 580.13 70 5.250 580.13 CHEYENNE WY 82001 5 07/28/03 00 0417587813 07 09/01/03 0 0417587813 N 08/01/18 0 8506978 E22/G02 F 126,000.00 ZZ 180 126,000.00 1 5.375 1,021.19 56 5.125 1,021.19 VALLEJO CA 94589 2 07/16/03 00 0417663838 05 09/01/03 0 0417663838 N 08/01/18 0 8507128 E22/G02 F 150,000.00 ZZ 180 150,000.00 1 5.375 1,215.70 75 5.125 1,215.70 DUNEDIN FL 34698 5 07/23/03 00 0417728748 05 09/01/03 0 0417728748 O 08/01/18 0 8507160 E22/G02 F 92,550.00 ZZ 180 92,550.00 1 5.500 756.21 73 5.250 756.21 EDMOND OK 73013 5 07/22/03 00 0417782646 05 09/01/03 0 0417782646 O 08/01/18 0 8507218 E22/G02 F 135,000.00 ZZ 180 135,000.00 1 5.125 1,076.38 80 4.875 1,076.38 MINNEAPOLIS MN 55417 5 07/22/03 00 0417827466 05 09/01/03 0 0417827466 O 08/01/18 0 1 8507234 E22/G02 F 65,000.00 ZZ 180 65,000.00 1 5.500 531.10 70 5.250 531.10 BATON ROUGE LA 70815 5 07/23/03 00 0417895463 05 09/01/03 0 0417895463 O 08/01/18 0 8507244 E22/G02 F 140,000.00 ZZ 180 140,000.00 1 5.500 1,143.92 62 5.250 1,143.92 KALAMAZOO MI 49009 2 07/23/03 00 0417905106 05 09/01/03 0 0417905106 O 08/01/18 0 8507314 E22/G02 F 100,000.00 ZZ 180 100,000.00 1 5.375 810.47 80 5.125 810.47 FRANKLIN TOWNSH NJ 08322 5 07/23/03 00 0417957842 05 09/01/03 0 0417957842 O 08/01/18 0 8507422 E22/G02 F 400,000.00 ZZ 180 400,000.00 1 5.125 3,189.28 80 4.875 3,189.28 FREMONT CA 94538 5 07/14/03 00 0417595261 03 09/01/03 0 0417595261 O 08/01/18 0 8507426 E22/G02 F 137,200.00 ZZ 180 137,200.00 1 5.375 1,111.96 75 5.125 1,111.96 NEW CASTLE VA 24127 5 07/23/03 00 0417599743 05 09/01/03 0 0417599743 O 08/01/18 0 8507718 E22/G02 F 255,000.00 ZZ 180 255,000.00 2 1 5.375 2,066.69 65 5.125 2,066.69 WEST PATERSON NJ 07424 5 07/22/03 00 0417716313 05 09/01/03 0 0417716313 O 08/01/18 0 8507772 E22/G02 F 248,500.00 TX 180 248,500.00 1 5.125 1,981.34 70 4.875 1,981.34 ROCKWALL TX 75032 5 07/22/03 00 0417740412 05 09/01/03 0 0417740412 O 08/01/18 0 8507822 E22/G02 F 101,500.00 ZZ 180 101,500.00 1 5.375 822.62 35 5.125 822.62 SAN DIEGO CA 92110 2 07/17/03 00 0417755618 01 09/01/03 0 0417755618 N 08/01/18 0 8507842 E22/G02 F 100,600.00 ZZ 180 100,600.00 1 5.375 815.33 38 5.125 815.33 SAN DIEGO CA 92110 2 07/16/03 00 0417766573 01 09/01/03 0 0417766573 N 08/01/18 0 8507864 E22/G02 F 116,600.00 ZZ 180 116,600.00 1 5.375 945.00 51 5.125 945.00 COPPELL TX 75019 2 07/28/03 00 0417834991 05 09/01/03 0 0417834991 N 08/01/18 0 8507926 K15/G02 F 192,000.00 ZZ 180 192,000.00 1 5.000 1,518.32 80 4.750 1,518.32 WOODBURY MN 55125 5 07/09/03 00 0436244420 05 09/01/03 0 1 013305518381 O 08/01/18 0 8508008 K15/G02 F 109,000.00 ZZ 180 109,000.00 1 5.750 905.15 92 5.500 905.15 BEREA OH 44017 2 07/09/03 42 0436263107 05 09/01/03 25 028705509887 O 08/01/18 0 8508020 H49/G02 F 115,000.00 ZZ 180 115,000.00 1 5.375 932.04 68 5.125 932.04 MESA AZ 85205 5 07/14/03 00 0436241723 05 09/01/03 0 379437 O 08/01/18 0 8508028 H49/G02 F 76,000.00 ZZ 180 76,000.00 1 5.500 620.98 80 5.250 620.98 PARK FOREST IL 60466 5 07/16/03 00 0436241186 05 09/01/03 0 378726 O 08/01/18 0 8508208 L76/G02 F 103,000.00 ZZ 180 103,000.00 1 5.125 821.24 51 4.875 821.24 ROSEMOUNT MN 55068 2 07/23/03 00 0436242499 05 09/01/03 0 9507922 O 08/01/18 0 8508294 B49/G02 F 279,000.00 ZZ 180 279,000.00 1 5.500 2,279.66 79 5.250 2,279.66 BERTHOUD CO 80513 5 07/22/03 00 0436240642 05 09/01/03 0 000326540442 O 08/01/18 0 1 8508370 G34/G02 F 128,000.00 TX 180 128,000.00 1 5.375 1,037.40 80 5.125 1,037.40 MESQUITE TX 75181 5 07/24/03 00 0436264014 05 09/01/03 0 47006087 O 08/01/18 0 8508606 X13/G02 F 105,200.00 ZZ 180 105,200.00 1 5.750 873.60 80 5.500 873.60 MIDLOTHIAN PL VA 23113 5 07/22/03 00 0436242945 05 09/01/03 0 1004338 N 08/01/18 0 8508734 G34/G02 F 108,000.00 TX 180 108,000.00 1 5.375 875.30 80 5.125 875.30 CROWLEY TX 76036 5 07/24/03 00 0436265961 05 09/01/03 0 4706315 O 08/01/18 0 8508766 B28/G02 F 46,000.00 ZZ 180 46,000.00 1 6.000 388.18 96 5.750 388.18 CENTRAL CITY NE 68826 2 07/23/03 01 0436241715 05 09/01/03 35 16600403 O 08/01/18 0 8508806 R84/G02 F 163,000.00 ZZ 180 163,000.00 1 5.250 1,310.32 75 5.000 1,310.32 LAS VEGAS NV 89117 2 07/18/03 00 0436243000 05 09/01/03 0 LVW6692 O 08/01/18 0 8508898 369/G02 F 392,000.00 ZZ 180 390,563.79 1 5.250 3,151.21 80 5.000 3,151.21 1 POMONA CA 91768 2 06/18/03 00 0436248256 09 08/01/03 0 0075749853 O 07/01/18 0 8508914 758/G02 F 114,600.00 ZZ 180 114,600.00 1 5.250 921.24 80 5.000 921.24 SAN MARCOS TX 78666 1 07/17/03 00 0436245484 05 09/01/03 0 503782 N 08/01/18 0 8509010 E47/G02 F 166,650.00 TX 180 166,650.00 1 4.875 1,307.03 51 4.625 1,307.03 SAN ANTONIO TX 78216 5 07/08/03 00 0436315568 05 09/01/03 0 73625120585 O 08/01/18 0 8509086 T29/G02 F 208,200.00 TX 180 207,453.08 1 5.500 1,701.17 72 5.250 1,701.17 HOUSTON TX 77030 5 06/21/03 00 0436294292 05 08/01/03 0 1586036 O 07/01/18 0 8509140 Y21/G02 F 424,000.00 ZZ 180 422,462.79 1 5.375 3,436.38 80 5.125 3,436.38 RANCHO CUCAMONG CA 91701 1 06/13/03 00 0436254916 05 08/01/03 0 203402570 O 07/01/18 0 8509152 Y21/G02 F 368,000.00 ZZ 180 368,000.00 1 5.500 3,006.87 62 5.250 3,006.87 ANNAPOLIS MD 21401 5 07/10/03 00 0436255079 05 09/01/03 0 203287126 O 08/01/18 0 1 8509170 Y21/G02 F 204,000.00 ZZ 180 203,275.83 2 5.625 1,680.42 65 5.375 1,680.42 BERGENFIELD NJ 07621 5 06/17/03 00 0436243620 05 08/01/03 0 203171926 O 07/01/18 0 8509358 N47/G02 F 245,000.00 ZZ 180 245,000.00 1 5.125 1,953.44 59 4.875 1,953.44 WINTER SPRINGS FL 32708 2 07/16/03 00 0436294813 03 09/01/03 0 30505627 O 08/01/18 0 8509392 K15/G02 F 142,800.00 ZZ 180 142,800.00 1 6.000 1,205.03 85 5.750 1,205.03 WINDSOR CO 80550 5 07/10/03 41 0436248793 05 09/01/03 6 023305511632 O 08/01/18 0 8509446 K15/G02 F 88,000.00 ZZ 180 88,000.00 1 5.000 695.90 80 4.750 695.90 CAYCE SC 29033 5 07/03/03 00 0436246763 05 09/01/03 0 017405517830 O 08/01/18 0 8509726 K15/G02 F 203,600.00 ZZ 180 203,600.00 1 5.125 1,623.34 75 4.875 1,623.34 GAINESVILLE VA 20155 5 07/08/03 00 0436246755 05 09/01/03 0 013405518343 O 08/01/18 0 8509906 E82/G02 F 42,350.00 ZZ 180 42,350.00 3 1 5.750 351.68 50 5.500 351.68 SWEDESBORO NJ 08069 2 07/17/03 00 0400867131 05 09/01/03 0 0400867131 N 08/01/18 0 8509922 E82/G02 F 79,550.00 ZZ 180 79,550.00 3 5.875 665.93 58 5.625 665.93 TORRINGTON CT 06790 2 07/21/03 00 0400867644 05 09/01/03 0 0400867644 N 08/01/18 0 8509932 S11/G02 F 194,150.00 ZZ 180 194,150.00 1 5.375 1,573.52 49 5.125 1,573.52 MENIFEE CA 92584 2 07/15/03 00 0436242192 05 09/01/03 0 11400061 O 08/01/18 0 8509946 E82/G02 F 55,900.00 ZZ 180 55,900.00 1 5.250 449.37 40 5.000 449.37 STOCKTON CA 95203 2 07/24/03 00 0400866919 05 09/01/03 0 0400866919 N 08/01/18 0 8509980 E82/G02 F 98,500.00 ZZ 180 98,500.00 1 5.375 798.31 73 5.125 798.31 LAS VEGAS NV 89121 2 07/26/03 00 0400871398 05 09/01/03 0 0400871398 O 08/01/18 0 8510010 E82/G02 F 69,500.00 ZZ 180 69,500.00 1 5.625 572.49 65 5.375 572.49 PALM HARBOR FL 34683 2 07/25/03 00 0400784377 05 09/01/03 0 1 0400784377 O 08/01/18 0 8510014 E82/G02 F 72,300.00 ZZ 180 72,300.00 1 5.625 595.56 66 5.375 595.56 MARYVILLE TN 37803 2 07/23/03 00 0400865580 05 09/01/03 0 0400865580 N 08/01/18 0 8510048 E82/G02 F 155,000.00 ZZ 180 155,000.00 1 5.250 1,246.01 39 5.000 1,246.01 WALNUT CA 91789 2 07/24/03 00 0400860490 05 09/01/03 0 0400860490 O 08/01/18 0 8510054 E82/G02 F 840,000.00 ZZ 180 840,000.00 1 5.125 6,697.49 70 4.875 6,697.49 PLANO TX 75024 2 07/26/03 00 0400851069 03 09/01/03 0 0400851069 O 08/01/18 0 8510102 E82/G02 F 72,000.00 ZZ 180 72,000.00 1 5.500 588.30 36 5.250 588.30 SOUTH BERWICK ME 03908 2 07/28/03 00 0400867388 05 09/01/03 0 0400867388 N 08/01/18 0 8510126 E82/G02 F 91,700.00 T 180 91,700.00 1 4.750 713.27 56 4.500 713.27 MONROE TOWNSHIP NJ 08512 2 07/29/03 00 0400870911 01 09/01/03 0 0400870911 O 08/01/18 0 1 8510408 A21/G02 F 238,000.00 ZZ 180 238,000.00 1 5.125 1,897.63 28 4.875 1,897.63 COLONIA NJ 07067 2 07/16/03 00 0436243984 29 09/01/03 0 0100135362 O 08/01/18 0 8510586 E22/G02 F 183,000.00 ZZ 180 183,000.00 1 5.375 1,483.15 75 5.125 1,483.15 BLOOMINGDALE IL 60108 2 07/24/03 00 0417770575 05 09/01/03 0 0417770575 O 08/01/18 0 8510614 E22/G02 F 152,750.00 TX 180 152,750.00 1 5.250 1,227.92 64 5.000 1,227.92 BUCHANAN DAM TX 78609 5 07/23/03 00 0417501046 03 09/01/03 0 0417501046 O 08/01/18 0 8510656 E22/G02 F 334,800.00 ZZ 180 334,800.00 1 6.000 2,825.23 85 5.750 2,825.23 DACULA GA 30019 5 07/22/03 10 0417520053 03 09/01/03 6 0417520053 O 08/01/18 0 8510772 E22/G02 F 81,600.00 TX 180 81,600.00 1 5.750 677.61 80 5.500 677.61 DENTON TX 76201 5 07/22/03 00 0417555133 05 09/01/03 0 0417555133 O 08/01/18 0 8511088 883/G02 F 36,000.00 ZZ 180 36,000.00 1 6.000 303.79 48 5.750 303.79 1 LAKE WORTH FL 33462 5 07/18/03 00 0436246177 05 09/01/03 0 05021810 O 08/01/18 0 8511364 E22/G02 F 72,000.00 ZZ 180 72,000.00 1 5.000 569.37 60 4.750 569.37 BOISE ID 83713 5 07/23/03 00 0417846896 05 09/01/03 0 0417846896 O 08/01/18 0 8511474 E22/G02 F 156,800.00 ZZ 180 156,800.00 1 5.125 1,250.20 80 4.875 1,250.20 BALDWIN MI 49304 5 07/25/03 00 0417957313 05 09/01/03 0 0417957313 O 08/01/18 0 8511634 K15/G02 F 146,100.00 ZZ 180 146,100.00 1 5.375 1,184.09 67 5.125 1,184.09 TIVERTON RI 02878 5 07/10/03 00 0436252878 05 09/01/03 0 029805510259 O 08/01/18 0 8512850 Q14/G02 F 124,800.00 ZZ 180 124,800.00 1 5.375 1,011.46 80 5.125 1,011.46 LEE'S SUMMIT MO 64081 5 07/21/03 00 0436258735 05 09/01/03 0 0000314418 O 08/01/18 0 8513080 E57/G02 F 100,500.00 ZZ 180 100,131.79 1 5.250 807.90 58 5.000 807.90 COMPTON CA 90221 2 06/20/03 00 0436306658 05 08/01/03 0 06017394 O 07/01/18 0 1 8513498 K15/G02 F 140,000.00 ZZ 180 140,000.00 1 5.125 1,116.25 74 4.875 1,116.25 WEST SACRAMENTO CA 95691 5 07/10/03 00 0436259402 05 09/01/03 0 039005511307 O 08/01/18 0 8513672 K15/G02 F 135,500.00 ZZ 180 135,500.00 1 5.125 1,080.37 67 4.875 1,080.37 SACRAMENTO CA 95823 5 07/07/03 00 0436250674 05 09/01/03 0 039005511122 O 08/01/18 0 8515208 E22/G02 F 103,350.00 TX 180 103,350.00 1 5.125 824.03 69 4.875 824.03 FORT WORTH TX 76135 5 07/25/03 00 0416637452 05 09/01/03 0 0416637452 O 08/01/18 0 8515286 E22/G02 F 110,000.00 ZZ 180 110,000.00 3 5.625 906.10 40 5.375 906.10 CHICAGO IL 60619 5 07/25/03 00 0417374840 05 09/01/03 0 0417374840 O 08/01/18 0 8515388 E22/G02 F 80,000.00 ZZ 180 80,000.00 1 5.375 648.37 87 5.125 648.37 EAST GREENVILLE PA 18041 2 07/22/03 01 0417577921 07 09/01/03 12 0417577921 O 08/01/18 0 8515414 E22/G02 F 309,050.00 ZZ 180 309,050.00 1 1 5.750 2,566.38 70 5.500 2,566.38 SOUTH LAKE TAHO CA 96150 5 07/16/03 00 0417613346 05 09/01/03 0 0417613346 O 08/01/18 0 8515426 E22/G02 F 111,500.00 ZZ 180 111,500.00 1 5.375 903.67 77 5.125 903.67 BAY VILLAGE OH 44140 2 07/25/03 00 0417641594 05 09/01/03 0 0417641594 O 08/01/18 0 8515436 E22/G02 F 142,550.00 ZZ 180 142,550.00 1 4.875 1,118.02 54 4.625 1,118.02 DALLAS TX 75248 2 07/25/03 00 0417651585 05 09/01/03 0 0417651585 O 08/01/18 0 8515486 E22/G02 F 160,000.00 ZZ 180 160,000.00 1 5.250 1,286.20 80 5.000 1,286.20 HARRISON TOWNSH MI 48045 5 07/23/03 00 0417693520 05 09/01/03 0 0417693520 O 08/01/18 0 8515548 E22/G02 F 122,000.00 ZZ 180 122,000.00 2 5.250 980.73 31 5.000 980.73 DORCHESTER MA 02124 5 07/25/03 00 0417736485 05 09/01/03 0 0417736485 O 08/01/18 0 8515584 E22/G02 F 80,000.00 ZZ 180 80,000.00 1 5.875 669.69 94 5.625 669.69 MOBILE AL 36605 2 07/21/03 10 0417769247 05 09/01/03 25 1 0417769247 O 08/01/18 0 8515630 696/G02 F 416,000.00 ZZ 180 416,000.00 1 5.500 3,399.07 80 5.250 3,399.07 BUMPASS VA 23024 5 07/17/03 00 0436248454 05 09/01/03 0 30103075 O 08/01/18 0 8515670 E22/G02 F 53,600.00 TX 180 53,600.00 1 5.000 423.87 80 4.750 423.87 NEDERLAND TX 77627 5 07/25/03 00 0417812005 05 09/01/03 0 0417812005 O 08/01/18 0 8515674 E22/G02 F 200,000.00 TX 180 200,000.00 1 5.250 1,607.76 80 5.000 1,607.76 COPPELL TX 75019 5 07/25/03 00 0417817350 05 09/01/03 0 0417817350 O 08/01/18 0 8515694 E22/G02 F 40,000.00 ZZ 120 40,000.00 1 5.625 436.59 44 5.375 436.59 MOBILE AL 36608 5 07/25/03 00 0417833274 05 09/01/03 0 0417833274 O 08/01/13 0 8515760 E22/G02 F 120,000.00 TX 180 120,000.00 1 5.375 972.56 69 5.125 972.56 HOUSTON TX 77084 5 07/24/03 00 0417908662 03 09/01/03 0 0417908662 O 08/01/18 0 1 8515788 E22/G02 F 39,900.00 ZZ 180 39,900.00 1 5.875 334.01 80 5.625 334.01 EL RENO OK 73036 5 07/25/03 00 0417954724 05 09/01/03 0 0417954724 O 08/01/18 0 8515862 U05/G02 F 246,500.00 ZZ 180 246,500.00 1 5.250 1,981.56 85 5.000 1,981.56 YUBA CITY CA 95991 2 07/11/03 10 0436251573 05 09/01/03 6 3366100 O 08/01/18 0 8516372 N47/G02 F 101,250.00 ZZ 180 101,250.00 1 5.125 807.29 75 4.875 807.29 MORENO VALLEY CA 92553 5 07/16/03 00 0436267447 05 09/01/03 0 30507120 N 08/01/18 0 8516742 E47/G02 F 108,000.00 ZZ 180 108,000.00 1 5.875 904.09 80 5.625 904.09 SAN ANTONIO TX 78258 1 07/14/03 00 0436269799 05 09/01/03 0 7328011820 N 08/01/18 0 8517070 X89/G02 F 92,000.00 ZZ 180 92,000.00 1 5.375 745.63 34 5.125 745.63 DIAMOND BAR CA 91789 2 07/19/03 00 0436288146 01 09/01/03 0 2011948 N 08/01/18 0 8517392 X67/G02 F 213,800.00 ZZ 180 213,800.00 2 5.375 1,732.78 74 5.125 1,732.78 1 BERWYN IL 60402 5 07/03/03 00 0436292577 05 09/01/03 0 0000419072 O 08/01/18 0 8517458 X67/G02 F 83,000.00 ZZ 180 83,000.00 1 5.250 667.22 68 5.000 667.22 THREE OAKS MI 49128 5 07/11/03 00 0436274856 05 09/01/03 0 0000418504 N 08/01/18 0 8517722 X67/G02 F 122,500.00 ZZ 180 122,500.00 1 5.375 992.82 77 5.125 992.82 WARE MA 01082 5 06/27/03 00 0436273130 05 09/01/03 0 0000419705 O 08/01/18 0 8517746 K15/G02 F 121,500.00 ZZ 180 121,500.00 1 5.375 984.72 59 5.125 984.72 OXFORD OH 45056 2 07/24/03 00 0436265748 05 09/01/03 0 028105510637 O 08/01/18 0 8517792 K15/G02 F 80,100.00 ZZ 180 80,100.00 1 5.875 670.53 48 5.625 670.53 GULF BREEZE FL 32563 5 07/24/03 00 0436260947 05 09/01/03 0 009305511594 O 08/01/18 0 8517928 K15/G02 F 168,000.00 ZZ 180 168,000.00 1 5.750 1,395.09 80 5.500 1,395.09 LOVELAND OH 45140 5 07/24/03 00 0436251847 05 09/01/03 0 028105510521 O 08/01/18 0 1 8517958 K15/G02 F 77,700.00 ZZ 180 77,700.00 1 5.375 629.73 53 5.125 629.73 BANGOR ME 04401 2 07/10/03 00 0436266340 05 09/01/03 0 007005518447 O 08/01/18 0 8518012 K15/G02 F 215,000.00 ZZ 180 215,000.00 1 4.875 1,686.24 75 4.625 1,686.24 JACKSONVILLE FL 32259 5 07/09/03 00 0436261473 05 09/01/03 0 009805510714 O 08/01/18 0 8518944 G34/G02 F 105,000.00 ZZ 180 105,000.00 1 5.625 864.92 67 5.375 864.92 LAS VEGAS NV 89121 2 07/25/03 00 0436259766 05 09/01/03 0 77320003 O 08/01/18 0 8519370 U05/G02 F 158,900.00 TX 180 158,900.00 1 5.125 1,266.94 46 4.875 1,266.94 FORT WORTH TX 76109 5 07/18/03 00 0436296073 05 09/01/03 0 3372463 O 08/01/18 0 8519478 X89/G02 F 88,000.00 ZZ 180 88,000.00 1 5.750 730.77 90 5.500 730.77 INDIANAPOLIS IN 46227 5 07/24/03 04 0436279954 05 09/01/03 25 2011106 O 08/01/18 0 8519566 N74/G02 F 82,225.00 ZZ 180 81,942.27 1 1 6.000 693.86 65 5.750 693.86 STAUNTON VA 24401 5 07/21/03 00 0436262547 05 08/25/03 0 0032859010 N 07/25/18 0 8519628 Y23/G02 F 156,000.00 TX 180 156,000.00 1 6.250 1,337.58 77 6.000 1,337.58 PLANO TX 75093 5 07/28/03 00 0436300966 05 09/01/03 0 1000240590 O 08/01/18 0 8519728 N74/G02 F 84,000.00 ZZ 180 84,000.00 1 5.500 686.35 52 5.250 686.35 CHESAPEAKE VA 23325 2 07/23/03 00 0436278741 05 09/01/03 0 0032915010 O 08/01/18 0 8519800 B44/G02 F 75,000.00 ZZ 180 75,000.00 1 4.750 583.37 58 4.500 583.37 BOISE ID 83704 5 07/22/03 00 0436250294 05 09/01/03 0 4031665 O 08/01/18 0 8519992 M27/G02 F 227,000.00 ZZ 180 227,000.00 1 5.250 1,824.80 65 5.000 1,824.80 CHAPEL HILL NC 27516 2 07/24/03 00 0436270367 05 09/01/03 0 0100021279 O 08/01/18 0 8520058 N74/G02 F 49,000.00 ZZ 180 49,000.00 1 5.500 400.37 58 5.250 400.37 CLEMMONS NC 27012 5 07/23/03 00 0436262596 05 09/01/03 0 1 0032945010 N 08/01/18 0 8520244 X89/G02 F 80,100.00 ZZ 180 80,100.00 1 5.500 654.49 47 5.250 654.49 WESTMINSTER CO 80021 5 07/26/03 00 0436295794 05 09/01/03 0 2010153 N 08/01/18 0 8520780 313/G02 F 45,000.00 ZZ 180 44,841.94 1 5.750 373.69 75 5.500 373.69 NORRISTOWN PA 19401 5 07/02/03 00 0436338719 07 08/01/03 0 9577719 N 07/01/18 0 8520852 313/G02 F 117,000.00 ZZ 180 116,593.38 2 5.875 979.43 64 5.625 979.43 CHICAGO IL 60623 5 06/14/03 00 0436272132 05 08/01/03 0 9486432 O 07/01/18 0 8520858 313/G02 F 382,000.00 ZZ 180 380,600.43 1 5.250 3,070.82 48 5.000 3,070.82 SAN FRANCISCO CA 94127 5 06/24/03 00 0436274195 05 08/01/03 0 9658170 O 07/01/18 0 8520860 313/G02 F 252,700.00 ZZ 180 251,783.84 1 5.375 2,048.05 95 5.125 2,048.05 OXFORD MS 38655 5 06/25/03 01 0436285647 05 08/01/03 30 9588120 O 07/01/18 0 1 8522250 B23/G02 F 145,000.00 ZZ 180 145,000.00 1 5.375 1,175.17 70 5.125 1,175.17 POMONA CA 91767 5 07/23/03 00 0436292734 05 09/01/03 0 80002006 O 08/01/18 0 8522492 E22/G02 F 112,000.00 ZZ 180 112,000.00 1 5.500 915.13 61 5.250 915.13 MIAMI FL 33186 2 07/31/03 00 0417542263 03 09/01/03 0 0417542263 N 08/01/18 0 8522520 Q14/G02 F 124,500.00 ZZ 180 124,500.00 1 5.375 1,009.03 94 5.125 1,009.03 MARION IA 52302 5 07/23/03 01 0436260558 05 09/01/03 30 00003-14202 O 08/01/18 0 8522730 E22/G02 F 55,800.00 ZZ 180 55,800.00 1 5.375 452.24 90 5.125 452.24 RITZVILLE WA 99169 1 07/10/03 04 0417747136 05 09/01/03 25 0417747136 O 08/01/18 0 8522826 E22/G02 F 225,000.00 ZZ 180 225,000.00 1 5.500 1,838.44 50 5.250 1,838.44 PROVINCETOWN MA 02267 5 07/31/03 00 0417778198 01 09/01/03 0 0417778198 N 08/01/18 0 8522910 E22/G02 F 160,000.00 ZZ 180 160,000.00 1 5.875 1,339.39 67 5.625 1,339.39 1 HUNTINGTON PARK CA 90255 5 07/24/03 00 0417798436 05 09/01/03 0 0417798436 O 08/01/18 0 8523316 E22/G02 F 88,400.00 ZZ 180 88,400.00 1 5.375 716.45 80 5.125 716.45 WEST PALM BEACH FL 33406 1 07/31/03 00 0417908860 05 09/01/03 0 0417908860 O 08/01/18 0 8523341 Q57/G02 F 36,750.00 ZZ 180 36,138.07 1 6.500 320.13 75 6.250 320.13 BAKERSFIELD CA 93304 1 02/28/03 00 0435492665 01 04/01/03 0 21000189 N 03/01/18 0 8523508 W35/G02 F 32,000.00 ZZ 120 32,000.00 1 5.500 347.28 56 5.250 347.28 FORT WAYNE IN 46807 5 07/24/03 00 0436264857 05 09/01/03 0 22006 O 08/01/13 0 8524172 X89/G02 F 211,000.00 ZZ 180 211,000.00 1 5.250 1,696.18 80 5.000 1,696.18 LENNOX SD 57039 2 07/23/03 00 0436306682 05 09/01/03 0 2011818 O 08/01/18 0 8524526 G51/G02 F 100,000.00 ZZ 180 100,000.00 1 5.625 823.74 77 5.375 823.74 CANON CITY CO 81212 5 07/25/03 00 0436260426 05 09/01/03 0 20006715 O 08/01/18 0 1 8524564 M27/G02 F 85,250.00 ZZ 180 85,250.00 1 4.750 663.10 30 4.500 663.10 MATTHEWS NC 28105 2 07/23/03 00 0436302194 03 09/01/03 0 600970341 O 08/01/18 0 8525144 H93/G02 F 36,000.00 ZZ 180 36,000.00 1 5.500 294.15 75 5.250 294.15 CAMERON MO 64429 1 07/22/03 00 0436298194 05 09/01/03 0 2003000818 N 08/01/18 0 8525222 K15/G02 F 315,000.00 ZZ 180 315,000.00 1 5.125 2,511.56 79 4.875 2,511.56 AMITYVILLE NY 11701 5 07/18/03 00 0436287023 05 09/01/03 0 020605519329 O 08/01/18 0 8525226 H93/G02 F 27,000.00 ZZ 180 27,000.00 1 5.500 220.61 75 5.250 220.61 CAMERON MO 64429 1 07/22/03 00 0436260061 05 09/01/03 0 2003000819 N 08/01/18 0 8525294 R84/G02 F 77,500.00 ZZ 180 77,500.00 1 5.125 617.92 68 4.875 617.92 PRAIRIEVILLE LA 70769 5 07/22/03 00 0436351068 05 09/01/03 0 R0306036 O 08/01/18 0 8525322 A06/G02 F 48,000.00 ZZ 180 48,000.00 1 1 5.750 398.60 34 5.500 398.60 ST CLAIR SHORES MI 48080 5 07/24/03 00 0436262380 05 09/01/03 0 021000020317829 O 08/01/18 0 8525344 T44/G02 F 214,500.00 ZZ 180 213,722.33 1 5.375 1,738.45 65 5.125 1,738.45 PHENIX CITY AL 36867 5 06/26/03 00 0436253389 05 08/01/03 0 1072559 O 07/01/18 0 8525532 E47/G02 F 229,000.00 ZZ 180 229,000.00 1 5.125 1,825.86 70 4.875 1,825.86 ROCKVILLE MD 20850 1 07/24/03 00 0436259006 09 09/01/03 0 7345510210 O 08/01/18 0 8525542 X89/G02 F 145,000.00 ZZ 180 145,000.00 1 5.250 1,165.62 48 5.000 1,165.62 BRIGANTINE NJ 08203 5 07/25/03 00 0436301873 05 09/01/03 0 2013375 O 08/01/18 0 8525668 U05/G02 F 61,000.00 ZZ 180 61,000.00 1 5.875 510.64 79 5.625 510.64 COLUMBUS OH 43205 2 07/24/03 00 0436270037 05 09/01/03 0 3400299 N 08/01/18 0 8525678 E47/G02 F 110,000.00 ZZ 180 110,000.00 1 5.000 869.87 43 4.750 869.87 ORLANDO FL 32804 5 07/21/03 00 0436265656 05 09/01/03 0 1 7361015041 O 08/01/18 0 8525928 514/G02 F 104,900.00 ZZ 180 104,900.00 1 5.875 878.14 80 5.625 878.14 LANCASTER CA 93534 2 07/09/03 00 0436266134 05 09/01/03 0 1119010029 N 08/01/18 0 8525938 514/G02 F 347,500.00 ZZ 180 344,974.64 1 5.375 2,816.37 80 5.125 2,816.37 BLOOMINGDALE IL 60108 2 05/05/03 00 0436266175 05 07/01/03 0 1570506737 O 06/01/18 0 8526086 U05/G02 F 58,000.00 ZZ 180 58,000.00 2 5.875 485.53 62 5.625 485.53 COLUMBUS OH 43232 5 07/24/03 00 0436269310 05 09/01/03 0 3400344 N 08/01/18 0 8526462 U05/G02 F 57,000.00 ZZ 180 57,000.00 1 5.875 477.16 75 5.625 477.16 COLUMBUS OH 43206 5 07/24/03 00 0436270599 05 09/01/03 0 3400416 N 08/01/18 0 8526928 N74/G02 F 75,460.00 ZZ 180 75,460.00 1 5.375 611.58 80 5.125 611.58 DANVILLE VA 24540 5 07/24/03 00 0436279129 05 09/01/03 0 0032963010 O 08/01/18 0 1 8526984 X89/G02 F 224,000.00 ZZ 180 224,000.00 1 5.375 1,815.44 80 5.125 1,815.44 FRANKFORT IL 60423 5 07/25/03 00 0436319271 05 09/01/03 0 2004982 O 08/01/18 0 8527142 M07/G02 F 180,000.00 ZZ 180 180,000.00 1 5.500 1,470.75 66 5.250 1,470.75 LOS ANGELES CA 91331 5 07/17/03 00 0436287072 05 09/01/03 0 02307074 O 08/01/18 0 8527160 K15/G02 F 70,400.00 ZZ 180 70,400.00 1 5.125 561.31 80 4.875 561.31 HALTOM CITY TX 76117 2 07/10/03 00 0436272553 05 09/01/03 0 031705509881 O 08/01/18 0 8527220 E22/G02 F 176,000.00 TX 180 176,000.00 1 5.500 1,438.07 74 5.250 1,438.07 BELLVILLE TX 77418 5 07/28/03 00 0416990133 05 09/01/03 0 0416990133 O 08/01/18 0 8527236 E22/G02 F 68,000.00 ZZ 180 68,000.00 1 6.000 573.82 78 5.750 573.82 LOUISVILLE KY 40219 5 08/01/03 00 0417268828 05 09/01/03 0 0417268828 N 08/01/18 0 8527240 E22/G02 F 50,400.00 ZZ 180 50,400.00 1 6.375 435.58 80 6.125 435.58 1 MEMPHIS TN 38127 1 08/01/03 00 0417301397 05 09/01/03 0 0417301397 N 08/01/18 0 8527244 E22/G02 F 176,000.00 ZZ 180 176,000.00 1 5.375 1,426.42 80 5.125 1,426.42 WESTERVILLE OH 43081 5 07/28/03 01 0417313368 05 09/01/03 0 0417313368 O 08/01/18 0 8527270 E22/G02 F 170,000.00 ZZ 180 170,000.00 1 5.500 1,389.04 50 5.250 1,389.04 CORONA CA 92882 1 07/23/03 00 0417495496 05 09/01/03 0 0417495496 N 08/01/18 0 8527272 E22/G02 F 147,650.00 ZZ 180 147,650.00 1 5.000 1,167.61 87 4.750 1,167.61 HOUSTON TX 77066 2 07/28/03 01 0417499886 03 09/01/03 25 0417499886 O 08/01/18 0 8527288 E22/G02 F 65,000.00 ZZ 180 65,000.00 1 6.375 561.76 77 6.125 561.76 MABLETON GA 30126 2 08/01/03 00 0417540580 05 09/01/03 0 0417540580 N 08/01/18 0 8527304 E22/G02 F 76,000.00 TX 180 76,000.00 1 5.500 620.98 54 5.250 620.98 HOUSTON TX 77062 5 07/28/03 00 0417597416 03 09/01/03 0 0417597416 O 08/01/18 0 1 8527334 E22/G02 F 52,885.00 ZZ 180 52,885.00 1 5.750 439.16 90 5.500 439.16 AUSTIN TX 78741 1 07/31/03 01 0417681137 01 09/01/03 20 0417681137 N 08/01/18 0 8527380 E22/G02 F 70,000.00 ZZ 180 70,000.00 1 5.375 567.33 80 5.125 567.33 MACON GA 31206 2 08/01/03 00 0417745973 05 09/01/03 0 0417745973 N 08/01/18 0 8527398 E22/G02 F 122,400.00 TX 180 122,400.00 1 5.500 1,000.11 80 5.250 1,000.11 ROCKWALL TX 75032 5 07/28/03 00 0417780988 05 09/01/03 0 0417780988 O 08/01/18 0 8527494 E22/G02 F 47,500.00 ZZ 180 47,500.00 1 4.875 372.54 28 4.625 372.54 HIALEAH FL 33013 2 07/18/03 00 0417884434 05 09/01/03 0 0417884434 O 08/01/18 0 8527498 E22/G02 F 224,000.00 ZZ 180 224,000.00 1 5.500 1,830.27 80 5.250 1,830.27 CRYSTAL LAKE IL 60014 2 07/28/03 00 0417887007 05 09/01/03 0 0417887007 O 08/01/18 0 8527544 E22/G02 F 180,000.00 ZZ 180 180,000.00 1 1 5.375 1,458.84 53 5.125 1,458.84 CHICAGO IL 60659 2 07/28/03 00 0417938602 05 09/01/03 0 0417938602 O 08/01/18 0 8527754 K15/G02 F 90,100.00 ZZ 180 90,100.00 1 5.500 736.19 43 5.250 736.19 SALEM NH 03079 5 07/10/03 00 0436272389 05 09/01/03 0 013905518118 O 08/01/18 0 8527772 N74/G02 F 59,500.00 ZZ 180 59,284.28 1 5.375 482.23 70 5.125 482.23 CONWAY AR 72032 5 07/24/03 00 0436278311 05 08/29/03 0 0032964010 O 07/29/18 0 8527804 N74/G02 F 480,000.00 ZZ 180 480,000.00 1 5.625 3,953.91 79 5.375 3,953.91 FAIRVIEW NC 28730 5 07/24/03 00 0436262646 05 09/01/03 0 0032940010 O 08/01/18 0 8527808 K15/G02 F 50,000.00 ZZ 180 50,000.00 1 6.000 421.93 18 5.750 421.93 TOWNSHIP OF WOO NJ 07067 5 07/11/03 00 0436273221 05 09/01/03 0 011005518155 O 08/01/18 0 8527902 952/G02 F 180,000.00 ZZ 180 180,000.00 1 5.250 1,446.98 80 5.000 1,446.98 EAST BRUNSWICK NJ 08816 1 07/21/03 00 0436295190 05 09/01/03 0 1 03003437 O 08/01/18 0 8528048 N74/G02 F 38,000.00 ZZ 180 37,867.93 1 5.875 318.11 74 5.625 318.11 CHARLOTTE NC 28213 5 07/24/03 00 0436279640 01 08/24/03 0 0032934010 N 07/24/18 0 8528452 B23/G02 F 141,000.00 ZZ 180 141,000.00 1 5.875 1,180.34 67 5.625 1,180.34 NORWALK CA 90650 5 07/25/03 00 0436292767 05 09/01/03 0 80002083 N 08/01/18 0 8528532 K15/G02 F 160,500.00 ZZ 180 160,500.00 1 5.375 1,300.80 75 5.125 1,300.80 CENTENNIAL CO 80015 5 07/09/03 00 0436272595 05 09/01/03 0 023205511330 O 08/01/18 0 8528608 K15/G02 F 63,000.00 ZZ 180 63,000.00 1 5.750 523.16 54 5.500 523.16 KEENE NH 03431 5 07/11/03 00 0436270870 05 09/01/03 0 033605518391 O 08/01/18 0 8529827 X80/G02 F 274,000.00 ZZ 180 270,040.98 1 5.500 2,238.81 58 5.250 2,238.81 SAN JOSE CA 95121 2 03/05/03 00 0435548144 05 05/01/03 0 1410118112 O 04/01/18 0 1 8530722 Q14/G02 F 90,800.00 ZZ 180 90,800.00 1 5.125 723.97 80 4.875 723.97 CEDAR RAPIDS IA 52404 2 07/10/03 00 0436270482 05 09/01/03 0 0000313523 O 08/01/18 0 8530942 X31/G02 F 190,000.00 ZZ 180 190,000.00 1 5.625 1,565.09 76 5.375 1,565.09 CHINO VALLEY AZ 86323 5 07/18/03 00 0436296297 05 09/01/03 0 59000692 O 08/01/18 0 8531302 940/G02 F 42,400.00 ZZ 180 42,244.66 1 5.250 340.84 20 5.000 340.84 SOUTH EL MONTE CA 91733 5 07/11/03 00 0436278527 05 08/01/03 0 40030642 O 07/01/18 0 8531382 E57/G02 F 126,000.00 ZZ 180 125,543.19 1 5.375 1,021.19 76 5.125 1,021.19 LAKE ELSINORE CA 92530 5 06/19/03 00 0436291322 05 08/01/03 0 06017072 O 07/01/18 0 8531536 K15/G02 F 246,400.00 ZZ 180 246,400.00 1 5.125 1,964.60 80 4.875 1,964.60 BOARDMAN OH 44512 5 07/10/03 00 0436281539 05 09/01/03 0 028005509867 O 08/01/18 0 8532000 144/144 F 488,000.00 ZZ 180 485,787.50 1 5.625 4,019.81 80 5.375 4,019.81 1 PAWLING NY 12564 5 06/02/03 00 03VISCONTIM 05 08/01/03 0 03VISCONTIM O 07/01/18 0 8532117 X78/G02 F 74,400.00 ZZ 180 73,302.47 1 5.250 598.09 83 5.000 598.09 SAFETY HARBOR FL 34695 2 03/11/03 10 0435539838 09 05/01/03 12 990318 O 04/01/18 0 8532148 S27/G02 F 68,000.00 ZZ 180 68,000.00 1 5.375 551.12 63 5.125 551.12 MELBOURNE FL 32904 5 07/24/03 00 0436268122 05 09/01/03 0 1900005293 O 08/01/18 0 8532294 K15/G02 F 66,500.00 ZZ 180 66,500.00 1 5.500 543.36 70 5.250 543.36 GRAND RAPIDS MI 49503 5 07/18/03 00 0436282859 05 09/01/03 0 035905518649 O 08/01/18 0 8532382 E22/G02 F 220,000.00 ZZ 180 220,000.00 1 5.125 1,754.10 75 4.875 1,754.10 BRICK NJ 08724 2 07/30/03 00 0416820264 05 09/01/03 0 0416820264 O 08/01/18 0 8532434 K15/G02 F 90,000.00 ZZ 180 90,000.00 1 5.250 723.49 48 5.000 723.49 DURHAM ME 04222 5 07/25/03 00 0436281901 05 09/01/03 0 007705518143 O 08/01/18 0 1 8532498 E22/G02 F 65,500.00 TX 180 65,500.00 1 5.250 526.54 76 5.000 526.54 ALVORD TX 76225 5 07/29/03 00 0417434511 05 09/01/03 0 0417434511 O 08/01/18 0 8532504 K15/G02 F 51,200.00 ZZ 180 51,200.00 1 5.625 421.75 80 5.375 421.75 MILO ME 04463 5 07/25/03 00 0436279715 05 09/01/03 0 007005519198 O 08/01/18 0 8532542 E22/G02 F 46,400.00 ZZ 180 46,400.00 1 5.375 376.06 80 5.125 376.06 GRANBURY TX 76048 1 07/22/03 00 0417458494 05 09/01/03 0 0417458494 O 08/01/18 0 8532692 E22/G02 F 184,000.00 TX 180 184,000.00 1 5.375 1,491.26 80 5.125 1,491.26 SUGAR LAND TX 77478 5 07/30/03 00 0417620986 03 09/01/03 0 0417620986 O 08/01/18 0 8533152 E22/G02 F 52,000.00 ZZ 180 52,000.00 1 5.750 431.81 80 5.500 431.81 JACKSONVILLE AR 72076 5 07/30/03 00 0417903192 05 09/01/03 0 0417903192 O 08/01/18 0 8533160 E22/G02 F 113,600.00 TX 180 113,600.00 1 1 5.875 950.97 80 5.625 950.97 MESQUITE TX 75150 5 07/30/03 00 0417905247 05 09/01/03 0 0417905247 O 08/01/18 0 8533426 E22/G02 F 143,000.00 ZZ 180 143,000.00 1 5.375 1,158.97 87 5.125 1,158.97 OKLAHOMA CITY OK 73120 5 07/30/03 01 0417972072 05 09/01/03 12 0417972072 O 08/01/18 0 8533434 K15/G02 F 174,000.00 ZZ 180 174,000.00 1 5.125 1,387.34 76 4.875 1,387.34 NEW LENOX IL 60451 2 07/24/03 00 0436286512 05 09/01/03 0 019905511344 O 08/01/18 0 8533518 E22/G02 F 80,000.00 ZZ 180 80,000.00 3 5.000 632.63 28 4.750 632.63 SHELTON CT 06484 2 08/04/03 00 0417986866 05 09/01/03 0 0417986866 N 08/01/18 0 8533534 313/G02 F 350,000.00 ZZ 180 348,717.67 1 5.250 2,813.58 46 5.000 2,813.58 LOS ANGELES CA 90048 5 06/16/03 00 0436271738 05 08/01/03 0 9552480 O 07/01/18 0 8533544 313/G02 F 373,000.00 ZZ 180 371,619.01 1 5.125 2,974.01 67 4.875 2,974.01 ROWLAND HEIGHTS CA 91748 2 06/25/03 00 0436270920 03 08/01/03 0 1 9692872 O 07/01/18 0 8533606 369/G02 F 400,000.00 ZZ 180 397,093.12 1 5.375 3,241.86 87 5.125 3,241.86 WICHITA KS 67206 5 05/12/03 14 0436300115 03 07/01/03 25 0075619908 O 06/01/18 0 8534132 N47/G02 F 144,000.00 ZZ 180 144,000.00 1 5.000 1,138.74 80 4.750 1,138.74 MORENO VALLEY CA 92557 5 07/16/03 00 0436294870 05 09/01/03 0 30507133 O 08/01/18 0 8534146 Q31/G02 F 65,940.00 ZZ 180 65,940.00 1 5.250 530.08 74 5.000 530.08 APPLE VALLEY CA 92308 2 07/21/03 00 0436299135 05 09/01/03 0 570925881 O 08/01/18 0 8534198 313/G02 F 383,000.00 ZZ 180 381,581.99 1 5.125 3,053.74 41 4.875 3,053.74 BEVERLY HILLS CA 90211 2 06/18/03 00 0436272223 05 08/01/03 0 9646498 O 07/01/18 0 8534204 313/G02 F 488,500.00 ZZ 180 486,691.38 1 5.125 3,894.92 38 4.875 3,894.92 SARATOGA CA 95070 2 06/17/03 00 0436272256 05 08/01/03 0 9609850 O 07/01/18 0 1 8534514 K15/G02 F 108,700.00 ZZ 180 108,700.00 1 5.500 888.17 75 5.250 888.17 JAFFREY NH 03452 5 07/08/03 00 0436279517 05 09/01/03 0 033405517590 O 08/01/18 0 8534756 K15/G02 F 208,000.00 ZZ 180 208,000.00 1 5.750 1,727.25 76 5.500 1,727.25 DANBURY CT 06810 5 07/25/03 00 0436281737 05 09/01/03 0 037905511680 O 08/01/18 0 8534966 W35/G02 F 100,000.00 ZZ 120 100,000.00 1 5.750 1,097.69 80 5.500 1,097.69 REYNOLDS IN 47980 5 07/26/03 00 0436316608 05 09/01/03 0 21706 O 08/01/13 0 8535234 U05/G02 F 90,000.00 ZZ 180 90,000.00 3 5.750 747.37 43 5.500 747.37 HOLLYWOOD FL 33020 5 07/22/03 00 0436287338 05 09/01/03 0 3391086 N 08/01/18 0 8535522 964/G02 F 292,500.00 ZZ 180 292,500.00 1 5.000 2,313.08 75 4.750 2,313.08 TAYLORSVILLE UT 84123 5 07/15/03 00 0436293039 05 09/01/03 0 466598 O 08/01/18 0 8535810 U05/G02 F 119,200.00 ZZ 180 119,200.00 1 5.750 989.85 80 5.500 989.85 1 CANAL FULTON OH 44614 5 07/24/03 00 0436280705 05 09/01/03 0 3396150 O 08/01/18 0 8535886 W68/G02 F 102,000.00 TX 180 102,000.00 1 5.625 840.21 80 5.375 840.21 SAN ANTONIO TX 78238 5 07/23/03 00 0436353668 05 09/01/03 0 3070842 O 08/01/18 0 8537450 H58/G02 F 101,250.00 ZZ 180 100,894.37 1 5.750 840.79 75 5.500 840.79 MILWAUKIE OR 97222 5 06/26/03 00 0436281067 05 08/01/03 0 146278 N 07/01/18 0 8537756 H58/G02 F 144,900.00 ZZ 180 144,385.63 1 5.625 1,193.59 27 5.375 1,193.59 CHULA VISTA CA 91910 2 06/04/03 00 0436281299 05 08/01/03 0 160873 O 07/01/18 0 8537900 H58/G02 F 50,000.00 ZZ 120 50,000.00 1 5.625 545.73 35 5.375 545.73 BRIGHTWOOD OR 97011 5 07/02/03 00 0436281471 05 09/01/03 0 164463 O 08/01/13 0 8537958 H58/G02 F 265,000.00 ZZ 180 264,049.31 1 5.500 2,165.27 68 5.250 2,165.27 ANTIOCH CA 94531 2 06/17/03 00 0436281497 05 08/01/03 0 164685 O 07/01/18 0 1 8537966 H58/G02 F 230,000.00 ZZ 180 229,174.88 1 5.500 1,879.29 64 5.250 1,879.29 ANTIOCH CA 94531 5 06/18/03 00 0436281505 05 08/01/03 0 164802 O 07/01/18 0 8538216 H58/G02 F 53,800.00 ZZ 180 53,602.89 1 5.250 432.49 42 5.000 432.49 STOCKTON CA 95205 2 06/29/03 00 0436282065 05 08/01/03 0 170228 N 07/01/18 0 8538368 N74/G02 F 88,000.00 ZZ 180 88,000.00 1 5.125 701.64 64 4.875 701.64 CHESAPEAKE VA 23323 2 07/18/03 00 0436292981 05 09/01/03 0 0032902010 O 08/01/18 0 8538736 L21/G02 F 125,000.00 ZZ 180 124,091.60 1 5.375 1,013.09 47 5.125 1,013.09 UPPER DUBLIN PA 19002 5 05/16/03 00 0436282602 05 07/01/03 0 13BLAC O 06/01/18 0 8538782 L21/G02 F 218,000.00 ZZ 180 217,192.86 1 5.125 1,738.16 57 4.875 1,738.16 ALEXANDRIA VA 22311 2 07/02/03 00 0436282743 09 08/01/03 0 43ROUS N 07/01/18 0 8538798 L21/G02 F 418,000.00 ZZ 180 416,452.41 1 1 5.125 3,332.80 51 4.875 3,332.80 NEWTON MA 02459 2 06/23/03 00 0436282826 05 08/01/03 0 50CHIN O 07/01/18 0 8538804 L21/G02 F 526,000.00 ZZ 180 526,000.00 1 5.125 4,193.91 24 4.875 4,193.91 WAYLAND MA 01778 2 07/03/03 00 0436282842 05 09/01/03 0 51COHE O 08/01/18 0 8539010 A21/A21 F 250,000.00 ZZ 180 250,000.00 1 4.875 1,960.75 34 4.625 1,960.75 TENAFLY NJ 07670 5 07/30/03 00 0100135346 05 09/01/03 0 0100135346 O 08/01/18 0 8539626 K21/G02 F 275,000.00 ZZ 180 275,000.00 1 4.750 2,139.04 61 4.500 2,139.04 WESTMINSTER CA 92683 2 07/24/03 00 0436302061 05 09/01/03 0 0326489 O 08/01/18 0 8541853 U05/G02 F 100,000.00 ZZ 180 98,587.41 1 6.000 843.86 67 5.750 843.86 BALTIMORE MD 21230 2 03/10/03 00 0436239206 07 05/01/03 0 3313186 N 04/01/18 0 8542283 E82/G02 F 59,500.00 ZZ 180 57,667.97 2 6.000 502.09 4 5.750 502.09 NAPA CA 94558 2 03/18/03 00 0400782058 05 05/01/03 0 1 0400782058 N 04/01/18 0 8543298 975/G02 F 650,000.00 ZZ 180 650,000.00 1 5.375 5,268.03 73 5.125 5,268.03 ANAHEIM CA 92808 5 07/01/03 00 0436292080 03 09/01/03 0 2033340 O 08/01/18 0 8545654 E22/G02 F 91,000.00 ZZ 180 91,000.00 1 5.875 761.78 80 5.625 761.78 HOUSTON TX 77066 2 07/30/03 00 0417063237 03 09/01/03 0 0417063237 O 08/01/18 0 8545730 E22/G02 F 645,000.00 T 180 645,000.00 1 5.375 5,227.50 75 5.125 5,227.50 OAKLEY UT 84055 2 07/29/03 00 0417579844 05 09/01/03 0 0417579844 O 08/01/18 0 8545740 E22/G02 F 468,000.00 ZZ 180 468,000.00 1 5.375 3,792.98 36 5.125 3,792.98 WALNUT CREEK CA 94598 2 07/25/03 00 0417617834 05 09/01/03 0 0417617834 O 08/01/18 0 8545762 E22/G02 F 150,400.00 TX 180 150,400.00 1 5.375 1,218.94 80 5.125 1,218.94 THE COLONY TX 75056 5 07/29/03 00 0417670254 05 09/01/03 0 0417670254 O 08/01/18 0 1 8545950 E22/G02 F 200,000.00 ZZ 180 200,000.00 1 4.875 1,568.59 80 4.625 1,568.59 PUEBLO CO 81005 5 07/30/03 00 0417949492 05 09/01/03 0 0417949492 O 08/01/18 0 8546822 E22/G02 F 158,000.00 ZZ 180 158,000.00 1 5.875 1,322.65 88 5.625 1,322.65 NEOSHO MO 64850 5 08/01/03 04 0417609674 05 09/01/03 12 0417609674 O 08/01/18 0 8546836 253/253 F 38,490.00 ZZ 180 38,490.00 1 5.375 311.95 62 5.125 311.95 HALTOM CITY TX 76117 2 07/28/03 00 475178 05 09/01/03 0 475178 N 08/01/18 0 8546892 E22/G02 F 68,000.00 ZZ 180 68,000.00 1 5.250 546.64 42 5.000 546.64 HIALEAH FL 33016 2 08/06/03 00 0417728862 05 09/01/03 0 0417728862 N 08/01/18 0 8546926 E22/G02 F 90,000.00 ZZ 180 90,000.00 1 5.375 729.42 82 5.125 729.42 ARCADIA OK 73007 5 08/01/03 01 0417790755 05 09/01/03 6 0417790755 O 08/01/18 0 8546932 E22/G02 F 55,200.00 ZZ 180 55,200.00 1 5.375 447.38 80 5.125 447.38 1 COLUMBUS OH 43211 5 08/06/03 00 0417796802 05 09/01/03 0 0417796802 N 08/01/18 0 8547072 E22/G02 F 98,000.00 ZZ 180 98,000.00 1 6.000 826.98 94 5.750 826.98 BANNING CA 92220 5 07/15/03 11 0417969086 05 09/01/03 35 0417969086 O 08/01/18 0 8548738 P09/G02 F 190,375.00 ZZ 180 190,375.00 1 5.125 1,517.90 85 4.875 1,517.90 DEALE MD 20751 2 07/30/03 10 0436303788 05 09/01/03 12 3003310214 O 08/01/18 0 8549686 K15/G02 F 96,100.00 ZZ 180 96,100.00 1 5.625 791.61 68 5.375 791.61 CINCINNATI OH 45211 5 07/24/03 00 0436315642 05 09/01/03 0 028305510379 O 08/01/18 0 8549726 K15/G02 F 45,000.00 ZZ 180 45,000.00 1 6.000 379.74 90 5.750 379.74 VERDEN OK 73092 5 07/26/03 41 0436298855 05 09/01/03 6 032605510732 O 08/01/18 0 8549838 E22/G02 F 239,800.00 ZZ 180 239,800.00 1 5.750 1,991.32 70 5.500 1,991.32 PROVO UT 84604 1 07/31/03 00 0417518925 01 09/01/03 0 0417518925 N 08/01/18 0 1 8549858 E22/G02 F 239,800.00 ZZ 180 239,800.00 1 5.750 1,991.32 70 5.500 1,991.32 PROVO UT 84604 1 07/31/03 00 0417590528 01 09/01/03 0 0417590528 N 08/01/18 0 8550760 U05/G02 F 84,800.00 TX 180 84,800.00 1 6.000 715.59 80 5.750 715.59 HOUSTON TX 77083 5 07/31/03 00 0436325948 03 09/01/03 0 3392754 O 08/01/18 0 8550790 X67/G02 F 120,000.00 ZZ 180 120,000.00 1 5.500 980.50 50 5.250 980.50 RANCHO CUCAMONG CA 91737 5 07/10/03 00 0436307276 03 09/01/03 0 0000420398 O 08/01/18 0 8550850 X89/G02 F 69,700.00 ZZ 180 69,700.00 2 5.250 560.31 59 5.000 560.31 SAN BERNARDINO CA 92404 2 07/24/03 00 0436342778 05 09/01/03 0 2012530 N 08/01/18 0 8551478 N74/G02 F 160,000.00 ZZ 180 160,000.00 1 5.250 1,286.20 85 5.000 1,286.20 HOT SPRINGS AR 71913 1 08/01/03 10 0436319487 05 09/01/03 12 0033061010 O 08/01/18 0 8551990 737/G02 F 97,600.00 ZZ 180 97,600.00 1 1 5.375 791.01 80 5.125 791.01 HOUSTON TX 77022 1 07/28/03 00 0436293302 05 09/01/03 0 6023421 O 08/01/18 0 8553000 738/G02 F 128,000.00 ZZ 180 128,000.00 1 5.250 1,028.97 60 5.000 1,028.97 DEERFIELD BEACH FL 33442 5 07/03/03 00 0436316830 03 09/01/03 0 41200041 O 08/01/18 0 8554136 F89/G02 F 62,800.00 ZZ 180 62,800.00 1 5.875 525.71 80 5.625 525.71 LAS VEGAS NV 89121 1 07/31/03 00 0436332969 01 09/01/03 0 21033203 N 08/01/18 0 8555908 K15/G02 F 138,600.00 ZZ 180 138,600.00 1 5.375 1,123.31 75 5.125 1,123.31 MOORESVILLE IN 46158 5 07/28/03 00 0436320667 05 09/01/03 0 027605511899 O 08/01/18 0 8556060 K15/G02 F 70,000.00 ZZ 180 70,000.00 1 5.875 585.98 47 5.625 585.98 COLORADO SPRING CO 80905 5 07/28/03 00 0436339873 05 09/01/03 0 021805511004 N 08/01/18 0 8559246 408/G02 F 104,750.00 ZZ 180 104,750.00 1 5.250 842.07 70 5.000 842.07 KANSAS CITY MO 64111 5 08/01/03 00 0436300206 05 09/01/03 0 1 703038513 O 08/01/18 0 8560014 E22/G02 F 44,000.00 ZZ 180 44,000.00 1 5.875 368.33 62 5.625 368.33 AUBURNDALE FL 33823 5 08/04/03 00 0418054805 05 09/01/03 0 0418054805 O 08/01/18 0 8565016 K15/G02 F 87,900.00 ZZ 120 87,900.00 1 5.250 943.09 42 5.000 943.09 WALLINGFORD CT 06492 5 07/10/03 00 0436346142 05 09/01/03 0 037405510910 O 08/01/13 0 8574522 K15/G02 F 153,000.00 ZZ 180 153,000.00 1 5.250 1,229.93 58 5.000 1,229.93 MOUNT LAUREL NJ 08054 5 07/26/03 00 0436365811 05 09/01/03 0 010805519373 O 08/01/18 0 8575214 K15/G02 F 92,000.00 ZZ 180 92,000.00 1 5.875 770.15 80 5.625 770.15 CLAREMONT NH 03743 5 07/26/03 00 0436367031 05 09/01/03 0 03305518624 O 08/01/18 0 8599263 E22/G02 F 300,000.00 ZZ 180 295,799.41 1 5.250 2,411.63 40 5.000 2,411.63 COTO DE CAZA CA 92679 5 03/28/03 00 0416500783 03 06/01/03 0 0416500783 O 05/01/18 0 1 8630463 N74/G02 F 43,775.00 ZZ 180 43,142.50 1 5.500 357.68 85 5.250 357.68 NORTH LITTLE RO AR 72118 2 04/09/03 10 0435724190 05 05/14/03 12 0032161010 O 04/14/18 0 8638455 Q14/G02 F 167,000.00 ZZ 180 165,192.61 1 5.500 1,364.53 88 5.250 1,364.53 ELY IA 52227 2 04/16/03 33 0435725155 05 06/01/03 25 0000311819 O 05/01/18 0 8664177 E47/G02 F 133,600.00 TX 180 132,155.54 1 5.500 1,091.62 80 5.250 1,091.62 HARLINGEN TX 78552 5 04/17/03 00 0436029094 05 06/01/03 0 7329013605 O 05/01/18 0 8667641 E82/G02 F 150,000.00 ZZ 180 148,809.82 1 5.875 1,255.68 79 5.625 1,255.68 MONTCLAIR CA 91763 2 04/30/03 00 0400822342 05 07/01/03 0 0400822342 N 06/01/18 0 8677121 U36/G02 F 300,000.00 ZZ 180 296,823.61 1 5.750 2,491.24 56 5.500 2,491.24 SILVER SPRING MD 20904 1 04/22/03 00 0436180616 03 06/01/03 0 276022003 O 05/01/18 0 8683039 N74/G02 F 63,525.00 ZZ 180 62,859.44 1 5.875 531.78 80 5.625 531.78 1 RINER VA 24149 2 04/29/03 00 0435895529 27 06/05/03 0 0032276030 O 05/05/18 0 8708567 X13/G02 F 148,500.00 ZZ 180 147,443.21 1 5.625 1,223.25 83 5.375 1,223.25 LACEY WA 98503 2 05/08/03 04 0435983382 03 07/01/03 6 700219 O 06/01/18 0 8719087 253/253 F 50,000.00 ZZ 180 49,269.99 1 5.375 405.24 57 5.125 405.24 ALVARADO TX 76009 1 03/28/03 00 465307 05 05/01/03 0 465307 O 04/01/18 0 8724425 286/286 F 208,000.00 ZZ 180 205,071.44 1 5.625 1,713.37 80 5.375 1,713.37 ALBUQUERQUE NM 87105 5 04/21/03 00 2239013 05 06/01/03 0 2239013 O 05/01/18 0 8724433 286/286 F 107,000.00 ZZ 180 105,855.13 1 5.625 881.40 63 5.375 881.40 MIAMI FL 33129 5 04/15/03 00 2167611 06 06/01/03 0 2167611 O 05/01/18 0 8724437 286/286 F 248,500.00 ZZ 180 245,896.42 1 5.875 2,080.24 57 5.625 2,080.24 SAN GABRIEL CA 91775 2 04/03/03 00 2185974 05 06/01/03 0 2185974 N 05/01/18 0 1 8724481 286/286 F 180,000.00 ZZ 180 178,094.18 1 5.750 1,494.74 45 5.500 1,494.74 MASSAPEQUA NY 11758 5 04/24/03 00 1992322 05 06/01/03 0 1992322 O 05/01/18 0 8725045 K15/G02 F 81,600.00 ZZ 180 80,712.97 1 5.875 683.09 85 5.625 683.09 PENSACOLA FL 32526 5 05/09/03 41 0435891569 05 07/01/03 6 009305509304 O 06/01/18 0 8728557 E82/G02 F 77,500.00 ZZ 180 76,954.26 1 5.750 643.57 59 5.500 643.57 GOLDEN MO 65658 2 05/19/03 00 0400820098 27 07/01/03 0 0400820098 O 06/01/18 0 8740133 E22/G02 F 79,200.00 ZZ 180 78,606.76 1 5.500 647.13 80 5.250 647.13 FORT WAYNE IN 46835 5 05/21/03 00 0417186657 05 07/01/03 0 0417186657 O 06/01/18 0 8741215 W02/G02 F 198,000.00 ZZ 180 196,545.97 1 5.250 1,591.68 90 5.000 1,591.68 MIAMI FL 33173 5 05/15/03 12 0435921044 05 07/01/03 12 1002383080 O 06/01/18 0 8745177 W68/G02 F 66,400.00 TX 180 65,927.49 1 1 5.625 546.96 80 5.375 546.96 HEMPSTEAD TX 77445 5 05/12/03 00 0436217509 05 07/01/03 0 3041932 O 06/01/18 0 8755977 P44/G02 F 450,000.00 ZZ 180 446,695.39 2 5.250 3,617.45 72 5.000 3,617.45 WOBURN MA 01801 5 05/19/03 00 0435917786 05 07/01/03 0 1 O 06/01/18 0 8758009 408/G02 F 153,300.00 ZZ 180 151,625.15 1 5.375 1,242.45 73 5.125 1,242.45 OKLAHOMA CITY OK 73170 5 04/24/03 00 0436053532 03 06/01/03 0 703035803 O 05/01/18 0 8764313 E84/G02 F 378,000.00 ZZ 180 373,870.26 1 5.375 3,063.56 70 5.125 3,063.56 SAN MATEO CA 94402 2 04/11/03 00 0435931050 05 06/01/03 0 24421371 O 05/01/18 0 8764627 E47/G02 F 104,375.00 TX 180 103,600.49 1 5.125 832.20 62 4.875 832.20 SAN ANTONIO TX 78253 2 05/23/03 00 0436158612 05 07/01/03 0 7329013428 O 06/01/18 0 8764995 477/G02 F 143,500.00 ZZ 180 142,435.16 1 5.125 1,144.15 28 4.875 1,144.15 ALAMEDA CA 94501 2 05/09/03 00 0435930557 05 07/01/03 0 1 259012 O 06/01/18 0 8765337 950/G02 F 49,600.00 ZZ 180 49,247.03 1 5.625 408.57 50 5.375 408.57 POCATELLO ID 83204 2 05/17/03 00 0436162416 05 07/01/03 0 E633046 N 06/01/18 0 8766875 T63/G02 F 176,700.00 ZZ 180 175,481.76 1 6.000 1,491.10 95 5.750 1,491.10 FORT LAUDERDALE FL 33334 5 05/21/03 11 0435995121 05 07/01/03 25 10961282 O 06/01/18 0 8772097 M24/G02 F 119,000.00 ZZ 180 118,179.57 1 6.000 1,004.19 85 5.750 1,004.19 LAS VEGAS NV 89121 5 05/27/03 14 0436046296 05 07/01/03 12 270212926 O 06/01/18 0 8773091 E22/G02 F 375,000.00 ZZ 180 373,582.32 1 4.875 2,941.12 57 4.625 2,941.12 COLTS NECK NJ 07722 2 06/02/03 00 0416831139 05 08/01/03 0 0416831139 O 07/01/18 0 8775785 H58/G02 F 160,000.00 ZZ 180 158,849.36 1 5.500 1,307.33 79 5.250 1,307.33 SAN BERNADINO CA 92407 5 05/29/03 00 0436219760 05 07/01/03 0 0000159515 O 06/01/18 0 1 8777343 477/G02 F 205,000.00 ZZ 180 203,541.17 2 5.625 1,688.65 21 5.375 1,688.65 NEWPORT BEACH CA 92662 2 05/23/03 00 0436157846 05 07/01/03 0 236383 O 06/01/18 0 8787375 144/144 F 82,000.00 ZZ 180 81,094.77 1 5.250 659.18 19 5.000 659.18 NEW CITY NY 10956 5 04/24/03 00 160721217000000 05 06/01/03 0 16-072121-7 O 05/01/18 0 8787379 144/144 F 100,000.00 T 180 98,907.46 1 5.375 810.47 74 5.125 810.47 ACCORD NY 12404 5 04/07/03 00 160719286000000 05 06/01/03 0 160719286 O 05/01/18 0 8787483 S27/G02 F 173,700.00 ZZ 180 173,070.25 1 5.375 1,407.78 76 5.125 1,407.78 REHOBOTH BEACH DE 19971 5 06/03/03 00 0436039051 05 08/01/03 0 1130012757 O 07/01/18 0 8787709 E22/G02 F 100,000.00 TX 180 99,625.88 1 5.000 790.79 80 4.750 790.79 DICKINSON TX 77539 5 06/06/03 00 0417174414 03 08/01/03 0 0417174414 O 07/01/18 0 8787721 E22/G02 F 104,000.00 ZZ 180 103,642.39 2 6.000 877.61 80 5.750 877.61 1 ARNOLD MO 63010 5 06/11/03 00 0417183050 05 08/01/03 0 0417183050 N 07/01/18 0 8789575 P34/G02 F 520,000.00 ZZ 180 516,100.97 1 5.000 4,112.13 80 4.750 4,112.13 NEW ROCHELLE NY 10804 5 05/22/03 00 0436038533 05 07/01/03 0 16104 O 06/01/18 0 8790135 P01/G02 F 121,500.00 ZZ 180 120,617.03 1 5.375 984.72 80 5.125 984.72 FORT ANN NY 12827 1 05/27/03 00 0436044598 05 07/01/03 0 03005149 O 06/01/18 0 8791093 T17/G02 F 181,300.00 ZZ 180 179,298.54 1 5.250 1,457.43 72 5.000 1,457.43 AUSTIN TX 78749 2 05/22/03 00 0436047476 05 06/21/03 0 0305190009 O 05/21/18 0 8795259 E84/G02 F 60,000.00 ZZ 180 59,573.02 1 5.625 494.24 57 5.375 494.24 LATHROP MO 64465 5 05/08/03 00 0435978119 05 07/01/03 0 69935333 O 06/01/18 0 8796399 E22/G02 F 182,000.00 ZZ 180 181,353.94 1 5.625 1,499.19 80 5.375 1,499.19 MESA AZ 85213 5 06/09/03 00 0417026341 05 08/01/03 0 0417026341 O 07/01/18 0 1 8797375 Y37/G02 F 110,000.00 ZZ 180 109,621.76 1 6.000 928.24 80 5.750 928.24 WASILLA AK 99654 5 06/24/03 00 0436242887 05 08/01/03 0 11002119 O 07/01/18 0 8800039 E22/G02 F 96,500.00 ZZ 180 96,150.14 1 5.375 782.10 78 5.125 782.10 MONTPELIER ID 83254 5 06/04/03 00 0416853349 05 08/01/03 0 0416853349 O 07/01/18 0 8800185 E22/G02 F 134,400.00 ZZ 180 133,927.93 1 5.750 1,116.07 80 5.500 1,116.07 BUXTON ME 04093 5 06/11/03 00 0417069390 05 08/01/03 0 0417069390 O 07/01/18 0 8801817 U35/G02 F 148,500.00 ZZ 180 147,432.07 1 5.500 1,213.37 90 5.250 1,213.37 SILVIS IL 61282 5 05/28/03 04 0436255137 05 07/01/03 25 11961781 O 06/01/18 0 8805875 E23/G02 F 521,000.00 ZZ 180 519,111.13 1 5.375 4,222.52 57 5.125 4,222.52 BEVERLY HILLS CA 90210 2 06/16/03 00 0436233225 05 08/01/03 0 61011737 N 07/01/18 0 8808069 E23/G02 F 180,800.00 ZZ 180 180,151.38 1 1 5.500 1,477.29 40 5.250 1,477.29 SAN LEANDRO CA 94579 2 06/05/03 00 0436124812 05 08/01/03 0 61011609 O 07/01/18 0 8810361 W82/G02 F 69,000.00 ZZ 180 68,762.74 1 6.000 582.26 90 5.750 582.26 SAINT JOSEPH MO 64504 5 06/25/03 14 0436178404 05 08/01/03 12 910004153 O 07/01/18 0 8811795 E23/G02 F 432,000.00 ZZ 180 432,000.00 1 5.375 3,501.21 80 5.125 3,501.21 RANCHO SANTA MA CA 92688 5 07/01/03 00 0436185755 03 09/01/03 0 51033473 O 08/01/18 0 8813697 W82/G02 F 156,000.00 ZZ 180 156,000.00 1 5.875 1,305.90 85 5.625 1,305.90 CLINTON TOWNSHI MI 48038 5 07/14/03 10 0436232540 05 09/01/03 6 910004264 O 08/01/18 0 8814989 E23/G02 F 232,400.00 ZZ 180 231,539.57 1 5.125 1,852.97 80 4.875 1,852.97 FRESNO CA 93722 5 06/16/03 00 0436240337 05 08/01/03 0 64001631 O 07/01/18 0 8815029 E23/G02 F 130,500.00 ZZ 180 130,031.83 1 5.500 1,066.29 65 5.250 1,066.29 MONTCLAIR CA 91763 5 06/23/03 00 0436238604 05 08/01/03 0 1 51032119 O 07/01/18 0 8815207 Q51/G02 F 396,000.00 T 180 396,000.00 1 6.000 3,341.67 57 5.750 3,341.67 BIG BEAR LAKE CA 92315 5 07/01/03 00 0436248660 05 09/01/03 0 0726516H30523B6 O 08/01/18 0 8819457 P90/G02 F 60,500.00 ZZ 180 60,500.00 1 6.000 510.53 73 5.750 510.53 YUKON OK 73099 2 07/24/03 00 0436325591 05 09/01/03 0 959939 N 08/01/18 0 8821135 E23/G02 F 162,000.00 ZZ 180 161,387.57 1 4.875 1,270.56 80 4.625 1,270.56 SCOTTSDALE AZ 85251 5 06/26/03 00 0436269377 05 08/01/03 0 41008322 O 07/01/18 0 8822307 E23/G02 F 108,800.00 ZZ 180 108,800.00 1 5.250 874.62 55 5.000 874.62 RIALTO CA 92376 2 07/03/03 00 0436279947 05 09/01/03 0 51029133 O 08/01/18 0 8822333 E23/G02 F 275,000.00 ZZ 180 275,000.00 1 5.875 2,302.08 50 5.625 2,302.08 SAN JOSE CA 95111 5 07/16/03 00 0436314462 05 09/01/03 0 64002091 N 08/01/18 0 1 8825621 E23/G02 F 150,000.00 ZZ 180 150,000.00 1 5.500 1,225.63 60 5.250 1,225.63 LOS ANGELES CA 91331 5 07/23/03 00 0436339394 05 09/01/03 0 51032921 O 08/01/18 0 8826865 E23/G02 F 155,000.00 ZZ 180 155,000.00 4 5.500 1,266.48 42 5.250 1,266.48 LOS ANGELES CA 90026 5 07/14/03 00 0436350938 05 09/01/03 0 51032378 O 08/01/18 0 8826941 E23/G02 F 200,000.00 ZZ 180 200,000.00 1 5.250 1,607.76 80 5.000 1,607.76 AREA OF SAN FER CA 91342 5 07/01/03 00 0436351746 05 09/01/03 0 51031724 O 08/01/18 0 TOTAL NUMBER OF LOANS : 1,146 TOTAL ORIGINAL BALANCE : 184,478,041.90 TOTAL PRINCIPAL BALANCE : 183,757,688.06 TOTAL ORIGINAL P+I : 1,501,437.89 TOTAL CURRENT P+I : 1,501,437.89 *************************** * END OF REPORT * ***************************
EXHIBIT TWO SCHEDULE OF DISCOUNT FRACTIONS Schedule of Discount Fractions Loan Number Current Balance Net Mortgage Rate Discount Fraction PO Balance 8378328 $137,478.30 4.595% 8.1000% $11,135.74 8379140 $49,617.24 4.470% 10.6000% $5,259.43 8379738 $244,092.91 4.845% 3.1000% $7,566.88 8389136 $992,578.45 4.845% 3.1000% $30,769.93 8389190 $169,744.25 4.970% 0.6000% $1,018.47 8389630 $70,988.96 4.970% 0.6000% $425.93 8389886 $64,263.69 4.970% 0.6000% $385.58 8389900 $87,670.77 4.720% 5.6000% $4,909.56 8391580 $69,877.04 4.970% 0.6000% $419.26 8393202 $352,393.02 4.970% 0.6000% $2,114.36 8393552 $180,137.59 4.970% 0.6000% $1,080.83 8398986 $91,659.39 4.845% 3.1000% $2,841.44 8402294 $62,769.19 4.970% 0.6000% $376.62 8405384 $191,772.26 4.595% 8.1000% $15,533.55 8406056 $61,530.28 4.595% 8.1000% $4,983.95 8408412 $186,982.99 4.470% 10.6000% $19,820.20 8408608 $126,678.91 4.720% 5.6000% $7,094.02 8411120 $478,204.19 4.720% 5.6000% $26,779.43 8412028 $55,140.75 4.595% 8.1000% $4,466.40 8412104 $136,298.80 4.970% 0.6000% $817.79 8412898 $387,559.77 4.845% 3.1000% $12,014.35 8413558 $142,600.00 4.970% 0.6000% $855.60 8414232 $122,549.36 4.970% 0.6000% $735.30 8418588 $91,050.85 4.470% 10.6000% $9,651.39 8419248 $275,465.54 4.720% 5.6000% $15,426.07 8419312 $622,361.42 4.970% 0.6000% $3,734.17 8419386 $317,794.03 4.595% 8.1000% $25,741.32 8419538 $123,545.69 4.970% 0.6000% $741.27 8419656 $190,000.00 4.595% 8.1000% $15,390.00 8419676 $284,941.12 4.845% 3.1000% $8,833.17 8419736 $96,640.87 4.845% 3.1000% $2,995.87 8420112 $42,842.46 4.970% 0.6000% $257.05 8420316 $183,500.00 4.470% 10.6000% $19,451.00 8420972 $199,243.91 4.595% 8.1000% $16,138.76 8426216 $198,531.27 4.970% 0.6000% $1,191.19 8426232 $188,891.45 4.970% 0.6000% $1,133.35 8426548 $156,260.40 4.970% 0.6000% $937.56 8427368 $637,605.59 4.720% 5.6000% $35,705.91 8427560 $140,500.00 4.845% 3.1000% $4,355.50 8427632 $113,573.50 4.720% 5.6000% $6,360.12 8427790 $93,950.87 4.845% 3.1000% $2,912.48 8427832 $192,767.29 4.970% 0.6000% $1,156.60 8427952 $73,072.70 4.595% 8.1000% $5,918.89 8427982 $268,000.00 4.845% 3.1000% $8,308.00 8428038 $53,000.00 4.970% 0.6000% $318.00 8428102 $314,903.57 4.970% 0.6000% $1,889.42 8428148 $44,669.55 4.970% 0.6000% $268.02 8428384 $439,283.74 4.720% 5.6000% $24,599.89 8430292 $88,800.00 4.845% 3.1000% $2,752.80 8430354 $102,100.00 4.720% 5.6000% $5,717.60 8431058 $156,910.75 4.720% 5.6000% $8,787.00 8432490 $81,201.40 4.970% 0.6000% $487.21 8433744 $67,866.68 4.970% 0.6000% $407.20 Friday, August 22, 2003 Page 1 of 8 8433776 $174,707.52 4.970% 0.6000% $1,048.25 8433782 $54,392.81 4.970% 0.6000% $326.36 8433842 $297,796.91 4.970% 0.6000% $1,786.78 8433866 $332,290.72 4.970% 0.6000% $1,993.74 8433916 $100,873.96 4.970% 0.6000% $605.24 8434186 $154,414.03 4.595% 8.1000% $12,507.54 8434242 $46,000.00 4.720% 5.6000% $2,576.00 8434482 $107,604.31 4.970% 0.6000% $645.63 8434504 $99,633.62 4.970% 0.6000% $597.80 8434562 $87,069.58 4.595% 8.1000% $7,052.64 8434692 $89,663.29 4.720% 5.6000% $5,021.14 8434754 $49,682.29 4.970% 0.6000% $298.09 8434818 $80,401.50 4.970% 0.6000% $482.41 8434864 $114,569.76 4.720% 5.6000% $6,415.91 8434954 $268,491.73 4.720% 5.6000% $15,035.54 8435102 $273,981.85 4.845% 3.1000% $8,493.44 8435126 $343,706.15 4.845% 3.1000% $10,654.89 8436276 $183,130.90 4.845% 3.1000% $5,677.06 8436450 $237,350.51 4.970% 0.6000% $1,424.10 8437386 $375,000.00 4.845% 3.1000% $11,625.00 8439866 $231,777.38 4.470% 10.6000% $24,568.40 8440494 $157,400.00 4.970% 0.6000% $944.40 8440750 $68,800.00 4.970% 0.6000% $412.80 8441524 $148,898.46 4.970% 0.6000% $893.39 8443102 $215,997.33 4.845% 3.1000% $6,695.92 8444080 $881,757.56 4.970% 0.6000% $5,290.55 8444774 $99,366.33 4.970% 0.6000% $596.20 8444786 $119,100.23 4.720% 5.6000% $6,669.61 8444812 $156,418.73 4.845% 3.1000% $4,848.98 8448178 $177,000.00 4.970% 0.6000% $1,062.00 8448226 $50,000.00 4.595% 8.1000% $4,050.00 8448412 $260,641.56 4.970% 0.6000% $1,563.85 8449182 $124,000.00 4.845% 3.1000% $3,844.00 8449220 $104,607.17 4.720% 5.6000% $5,858.00 8449426 $498,148.82 4.845% 3.1000% $15,442.61 8449698 $77,708.18 4.720% 5.6000% $4,351.66 8451046 $35,700.00 4.970% 0.6000% $214.20 8451302 $128,527.38 4.970% 0.6000% $771.16 8451504 $40,351.62 4.970% 0.6000% $242.11 8451674 $199,267.24 4.970% 0.6000% $1,195.60 8451754 $596,000.00 4.970% 0.6000% $3,576.00 8451786 $185,000.00 4.595% 8.1000% $14,985.00 8452014 $124,967.77 4.595% 8.1000% $10,122.39 8452036 $112,070.25 4.470% 10.6000% $11,879.45 8452518 $407,437.62 4.470% 10.6000% $43,188.39 8452520 $580,772.95 4.470% 10.6000% $61,561.93 8452528 $350,655.36 4.470% 10.6000% $37,169.47 8452546 $946,371.01 4.470% 10.6000% $100,315.33 8452550 $372,188.19 4.720% 5.6000% $20,842.54 8452566 $448,298.79 4.595% 8.1000% $36,312.20 8452606 $415,407.06 4.470% 10.6000% $44,033.15 8452608 $557,860.81 4.470% 10.6000% $59,133.25 8452610 $450,273.36 4.470% 10.6000% $47,728.98 8452620 $560,351.25 4.470% 10.6000% $59,397.23 8452624 $410,426.16 4.470% 10.6000% $43,505.17 8452630 $361,627.69 4.595% 8.1000% $29,291.84 8452632 $359,137.13 4.595% 8.1000% $29,090.11 Friday, August 22, 2003 Page 2 of 8 8452904 $68,539.90 4.595% 8.1000% $5,551.73 8454778 $458,029.96 4.720% 5.6000% $25,649.68 8456372 $35,000.00 4.845% 3.1000% $1,085.00 8456472 $235,000.00 4.845% 3.1000% $7,285.00 8458692 $91,800.00 4.970% 0.6000% $550.80 8459046 $69,735.37 4.595% 8.1000% $5,648.57 8459092 $59,775.52 4.720% 5.6000% $3,347.43 8459356 $55,690.87 4.720% 5.6000% $3,118.69 8459998 $80,896.21 4.720% 5.6000% $4,530.19 8460310 $557,882.93 4.595% 8.1000% $45,188.52 8461228 $185,500.00 4.845% 3.1000% $5,750.50 8461328 $108,300.00 4.845% 3.1000% $3,357.30 8461456 $124,532.34 4.720% 5.6000% $6,973.81 8461674 $904,140.10 4.845% 3.1000% $28,028.34 8462014 $133,907.59 4.970% 0.6000% $803.45 8462156 $80,000.00 4.720% 5.6000% $4,480.00 8462316 $108,000.00 4.845% 3.1000% $3,348.00 8462370 $80,000.00 4.720% 5.6000% $4,480.00 8462470 $113,000.00 4.720% 5.6000% $6,328.00 8462486 $94,500.00 4.720% 5.6000% $5,292.00 8463582 $95,295.02 4.970% 0.6000% $571.77 8463690 $424,000.00 4.720% 5.6000% $23,744.00 8464178 $99,621.95 4.595% 8.1000% $8,069.38 8464192 $321,492.68 4.720% 5.6000% $18,003.59 8464226 $246,095.05 4.970% 0.6000% $1,476.57 8464280 $235,126.24 4.845% 3.1000% $7,288.91 8464298 $389,537.16 4.720% 5.6000% $21,814.08 8464302 $286,424.38 4.720% 5.6000% $16,039.77 8464322 $95,409.16 4.970% 0.6000% $572.46 8464340 $94,629.51 4.220% 15.6000% $14,762.20 8464384 $61,267.50 4.595% 8.1000% $4,962.67 8464390 $179,298.01 4.220% 15.6000% $27,970.49 8464406 $321,467.28 4.470% 10.6000% $34,075.53 8464426 $152,427.58 4.720% 5.6000% $8,535.94 8464434 $131,914.92 4.970% 0.6000% $791.49 8464458 $110,406.63 4.470% 10.6000% $11,703.10 8464468 $179,326.57 4.720% 5.6000% $10,042.29 8464484 $93,655.60 4.970% 0.6000% $561.93 8464510 $98,000.00 4.720% 5.6000% $5,488.00 8464546 $85,000.00 4.470% 10.6000% $9,010.00 8464568 $201,236.35 4.595% 8.1000% $16,300.14 8464680 $189,251.33 4.095% 18.1000% $34,254.49 8464684 $102,817.91 4.845% 3.1000% $3,187.36 8464692 $125,000.00 4.345% 13.1000% $16,375.00 8464752 $321,480.04 4.595% 8.1000% $26,039.88 8464766 $190,000.00 4.470% 10.6000% $20,140.00 8464818 $210,000.00 4.095% 18.1000% $38,010.00 8464820 $114,546.86 4.095% 18.1000% $20,732.98 8464824 $188,307.55 4.970% 0.6000% $1,129.85 8464850 $168,000.00 4.595% 8.1000% $13,608.00 8464854 $115,561.46 4.595% 8.1000% $9,360.48 8464872 $320,769.96 4.470% 10.6000% $34,001.62 8464876 $190,000.00 4.345% 13.1000% $24,890.00 8464890 $322,700.00 4.595% 8.1000% $26,138.70 8464976 $298,900.87 4.970% 0.6000% $1,793.41 8464984 $193,274.19 4.720% 5.6000% $10,823.35 8465006 $190,982.80 4.720% 5.6000% $10,695.04 Friday, August 22, 2003 Page 3 of 8 8465742 $117,000.00 4.970% 0.6000% $702.00 8465908 $41,446.30 4.870% 2.6000% $1,077.60 8467386 $245,700.00 4.470% 10.6000% $26,044.20 8468246 $322,000.00 4.845% 3.1000% $9,982.00 8469176 $210,000.00 4.595% 8.1000% $17,010.00 8469208 $97,633.35 4.720% 5.6000% $5,467.47 8471052 $199,267.24 4.970% 0.6000% $1,195.60 8471054 $96,391.79 4.845% 3.1000% $2,988.15 8471060 $112,500.00 4.970% 0.6000% $675.00 8471290 $132,000.00 4.970% 0.6000% $792.00 8471568 $129,513.64 4.720% 5.6000% $7,252.76 8471570 $63,000.00 4.595% 8.1000% $5,103.00 8471752 $372,629.75 4.970% 0.6000% $2,235.78 8471958 $93,600.00 4.595% 8.1000% $7,581.60 8471968 $69,600.00 4.970% 0.6000% $417.60 8472468 $81,000.00 4.720% 5.6000% $4,536.00 8472580 $197,500.00 4.970% 0.6000% $1,185.00 8472620 $500,000.00 4.720% 5.6000% $28,000.00 8472654 $118,000.00 4.970% 0.6000% $708.00 8472688 $374,500.00 4.595% 8.1000% $30,334.50 8472816 $650,000.00 4.845% 3.1000% $20,150.00 8473812 $118,056.66 4.720% 5.6000% $6,611.17 8473828 $260,521.65 4.720% 5.6000% $14,589.21 8476222 $149,936.94 4.720% 5.6000% $8,396.47 8476260 $163,392.81 4.845% 3.1000% $5,065.18 8477718 $97,600.00 4.970% 0.6000% $585.60 8477794 $108,000.00 4.845% 3.1000% $3,348.00 8478938 $155,000.00 4.345% 13.1000% $20,305.00 8478942 $129,000.00 4.720% 5.6000% $7,224.00 8478952 $219,500.00 4.720% 5.6000% $12,292.00 8478958 $270,000.00 4.720% 5.6000% $15,120.00 8478960 $115,000.00 4.470% 10.6000% $12,190.00 8478964 $200,000.00 4.720% 5.6000% $11,200.00 8478974 $195,000.00 4.595% 8.1000% $15,795.00 8479722 $290,800.00 4.970% 0.6000% $1,744.80 8479802 $59,050.00 4.845% 3.1000% $1,830.55 8479968 $450,000.00 4.845% 3.1000% $13,950.00 8479992 $145,000.00 4.970% 0.6000% $870.00 8480004 $142,000.00 4.595% 8.1000% $11,502.00 8480082 $124,000.00 4.720% 5.6000% $6,944.00 8480182 $170,000.00 4.720% 5.6000% $9,520.00 8480220 $211,000.00 4.595% 8.1000% $17,091.00 8480224 $112,000.00 4.970% 0.6000% $672.00 8481362 $398,503.50 4.720% 5.6000% $22,316.20 8481664 $240,000.00 4.595% 8.1000% $19,440.00 8481692 $156,922.95 4.970% 0.6000% $941.54 8484148 $504,000.00 4.970% 0.6000% $3,024.00 8484242 $1,000,000.00 4.970% 0.6000% $6,000.00 8485794 $43,300.00 4.970% 0.6000% $259.80 8485822 $235,200.00 4.845% 3.1000% $7,291.20 8485844 $91,000.00 4.970% 0.6000% $546.00 8485996 $63,000.00 4.970% 0.6000% $378.00 8486326 $500,000.00 4.970% 0.6000% $3,000.00 8486336 $75,200.00 4.595% 8.1000% $6,091.20 8486338 $119,560.35 4.970% 0.6000% $717.36 8486550 $208,500.00 4.720% 5.6000% $11,676.00 8486642 $112,500.00 4.970% 0.6000% $675.00 Friday, August 22, 2003 Page 4 of 8 8486716 $138,878.46 4.720% 5.6000% $7,777.19 8486718 $236,200.00 4.595% 8.1000% $19,132.20 8486752 $256,500.00 4.845% 3.1000% $7,951.50 8486972 $85,376.02 4.595% 8.1000% $6,915.46 8487030 $95,736.70 4.595% 8.1000% $7,754.67 8487246 $105,860.72 4.970% 0.6000% $635.16 8487252 $211,721.45 4.970% 0.6000% $1,270.33 8487334 $188,982.85 4.595% 8.1000% $15,307.61 8488026 $59,775.52 4.720% 5.6000% $3,347.43 8488610 $168,000.00 4.720% 5.6000% $9,408.00 8488692 $297,000.00 4.845% 3.1000% $9,207.00 8488708 $90,100.00 4.845% 3.1000% $2,793.10 8488712 $149,010.00 4.595% 8.1000% $12,069.81 8488888 $112,187.46 4.970% 0.6000% $673.12 8489092 $95,381.77 4.720% 5.6000% $5,341.38 8489126 $100,800.00 4.470% 10.6000% $10,684.80 8489140 $150,000.00 4.345% 13.1000% $19,650.00 8489864 $85,500.00 4.470% 10.6000% $9,063.00 8489936 $190,000.00 4.845% 3.1000% $5,890.00 8489972 $157,408.88 4.720% 5.6000% $8,814.90 8490976 $178,000.00 4.970% 0.6000% $1,068.00 8491048 $68,500.00 4.595% 8.1000% $5,548.50 8491340 $108,000.00 4.720% 5.6000% $6,048.00 8491456 $53,400.00 4.720% 5.6000% $2,990.40 8491464 $140,000.00 4.720% 5.6000% $7,840.00 8491570 $139,470.73 4.595% 8.1000% $11,297.13 8492180 $403,000.00 4.970% 0.6000% $2,418.00 8494926 $104,200.00 4.970% 0.6000% $625.20 8495082 $103,000.00 4.720% 5.6000% $5,768.00 8495142 $112,600.00 4.845% 3.1000% $3,490.60 8495212 $110,000.00 4.845% 3.1000% $3,410.00 8495352 $82,000.00 4.595% 8.1000% $6,642.00 8497132 $180,000.00 4.595% 8.1000% $14,580.00 8497262 $220,000.00 4.970% 0.6000% $1,320.00 8497460 $322,700.00 4.970% 0.6000% $1,936.20 8497652 $58,700.00 4.720% 5.6000% $3,287.20 8498870 $94,500.00 4.970% 0.6000% $567.00 8498928 $172,950.00 4.970% 0.6000% $1,037.70 8498946 $76,000.00 4.970% 0.6000% $456.00 8498976 $295,000.00 4.595% 8.1000% $23,895.00 8499806 $52,000.00 4.845% 3.1000% $1,612.00 8500344 $49,816.81 4.970% 0.6000% $298.90 8500424 $375,000.00 4.845% 3.1000% $11,625.00 8500726 $119,551.05 4.720% 5.6000% $6,694.86 8500816 $156,000.00 4.970% 0.6000% $936.00 8500830 $145,600.00 4.970% 0.6000% $873.60 8500844 $253,000.00 4.720% 5.6000% $14,168.00 8500864 $106,500.00 4.220% 15.6000% $16,614.00 8500882 $322,700.00 4.345% 13.1000% $42,273.70 8500888 $83,000.00 4.595% 8.1000% $6,723.00 8501144 $322,700.00 4.720% 5.6000% $18,071.20 8501160 $203,250.00 4.345% 13.1000% $26,625.75 8501176 $144,500.00 4.095% 18.1000% $26,154.50 8501180 $264,000.00 4.220% 15.6000% $41,184.00 8501188 $255,000.00 4.095% 18.1000% $46,155.00 8501190 $133,000.00 4.220% 15.6000% $20,748.00 8501192 $130,000.00 4.720% 5.6000% $7,280.00 Friday, August 22, 2003 Page 5 of 8 8501194 $200,000.00 4.470% 10.6000% $21,200.00 8501196 $117,500.00 4.095% 18.1000% $21,267.50 8501198 $300,000.00 4.595% 8.1000% $24,300.00 8501200 $192,000.00 4.720% 5.6000% $10,752.00 8501236 $81,000.00 4.345% 13.1000% $10,611.00 8501242 $124,000.00 4.595% 8.1000% $10,044.00 8501258 $270,000.00 4.720% 5.6000% $15,120.00 8501294 $131,800.00 4.970% 0.6000% $790.80 8502034 $79,300.00 4.970% 0.6000% $475.80 8502434 $75,000.00 4.720% 5.6000% $4,200.00 8502738 $41,000.00 4.720% 5.6000% $2,296.00 8503348 $266,500.00 4.845% 3.1000% $8,261.50 8503886 $74,722.31 4.845% 3.1000% $2,316.39 8503940 $47,746.77 4.970% 0.6000% $286.48 8503978 $158,825.02 4.970% 0.6000% $952.95 8503996 $294,818.95 4.970% 0.6000% $1,768.91 8504038 $91,456.55 4.720% 5.6000% $5,121.57 8504262 $58,159.60 4.970% 0.6000% $348.96 8504356 $148,863.55 4.595% 8.1000% $12,057.95 8504432 $228,854.32 4.595% 8.1000% $18,537.20 8505546 $58,500.00 4.970% 0.6000% $351.00 8505778 $80,000.00 4.720% 5.6000% $4,480.00 8505916 $115,000.00 4.845% 3.1000% $3,565.00 8505958 $385,000.00 4.470% 10.6000% $40,810.00 8506064 $159,000.00 4.845% 3.1000% $4,929.00 8506088 $60,000.00 4.845% 3.1000% $1,860.00 8506492 $200,000.00 4.970% 0.6000% $1,200.00 8506498 $88,800.00 4.720% 5.6000% $4,972.80 8506628 $80,700.00 4.845% 3.1000% $2,501.70 8506726 $230,000.00 4.845% 3.1000% $7,130.00 8506770 $75,400.00 4.845% 3.1000% $2,337.40 8506804 $150,000.00 4.970% 0.6000% $900.00 8507218 $135,000.00 4.845% 3.1000% $4,185.00 8507422 $400,000.00 4.845% 3.1000% $12,400.00 8507772 $248,500.00 4.845% 3.1000% $7,703.50 8507926 $192,000.00 4.720% 5.6000% $10,752.00 8508208 $103,000.00 4.845% 3.1000% $3,193.00 8508806 $163,000.00 4.970% 0.6000% $978.00 8508898 $390,563.79 4.970% 0.6000% $2,343.38 8508914 $114,600.00 4.970% 0.6000% $687.60 8509010 $166,650.00 4.595% 8.1000% $13,498.65 8509358 $245,000.00 4.845% 3.1000% $7,595.00 8509446 $88,000.00 4.720% 5.6000% $4,928.00 8509726 $203,600.00 4.845% 3.1000% $6,311.60 8509946 $55,900.00 4.970% 0.6000% $335.40 8510048 $155,000.00 4.970% 0.6000% $930.00 8510054 $840,000.00 4.845% 3.1000% $26,040.00 8510126 $91,700.00 4.470% 10.6000% $9,720.20 8510408 $238,000.00 4.845% 3.1000% $7,378.00 8510614 $152,750.00 4.970% 0.6000% $916.50 8511364 $72,000.00 4.720% 5.6000% $4,032.00 8511474 $156,800.00 4.845% 3.1000% $4,860.80 8513080 $100,131.79 4.970% 0.6000% $600.79 8513498 $140,000.00 4.845% 3.1000% $4,340.00 8513672 $135,500.00 4.845% 3.1000% $4,200.50 8515208 $103,350.00 4.845% 3.1000% $3,203.85 8515436 $142,550.00 4.595% 8.1000% $11,546.55 Friday, August 22, 2003 Page 6 of 8 8515486 $160,000.00 4.970% 0.6000% $960.00 8515548 $122,000.00 4.970% 0.6000% $732.00 8515670 $53,600.00 4.720% 5.6000% $3,001.60 8515674 $200,000.00 4.970% 0.6000% $1,200.00 8515862 $246,500.00 4.970% 0.6000% $1,479.00 8516372 $101,250.00 4.845% 3.1000% $3,138.75 8517458 $83,000.00 4.970% 0.6000% $498.00 8518012 $215,000.00 4.595% 8.1000% $17,415.00 8519370 $158,900.00 4.845% 3.1000% $4,925.90 8519800 $75,000.00 4.470% 10.6000% $7,950.00 8519992 $227,000.00 4.970% 0.6000% $1,362.00 8520858 $380,600.43 4.970% 0.6000% $2,283.60 8524172 $211,000.00 4.970% 0.6000% $1,266.00 8524564 $85,250.00 4.470% 10.6000% $9,036.50 8525222 $315,000.00 4.845% 3.1000% $9,765.00 8525294 $77,500.00 4.845% 3.1000% $2,402.50 8525532 $229,000.00 4.845% 3.1000% $7,099.00 8525542 $145,000.00 4.970% 0.6000% $870.00 8525678 $110,000.00 4.720% 5.6000% $6,160.00 8527160 $70,400.00 4.845% 3.1000% $2,182.40 8527272 $147,650.00 4.720% 5.6000% $8,268.40 8527494 $47,500.00 4.595% 8.1000% $3,847.50 8527902 $180,000.00 4.970% 0.6000% $1,080.00 8530722 $90,800.00 4.845% 3.1000% $2,814.80 8531302 $42,244.66 4.970% 0.6000% $253.47 8531536 $246,400.00 4.845% 3.1000% $7,638.40 8532117 $73,302.47 4.970% 0.6000% $439.81 8532382 $220,000.00 4.845% 3.1000% $6,820.00 8532434 $90,000.00 4.970% 0.6000% $540.00 8532498 $65,500.00 4.970% 0.6000% $393.00 8533434 $174,000.00 4.845% 3.1000% $5,394.00 8533518 $80,000.00 4.720% 5.6000% $4,480.00 8533534 $348,717.67 4.970% 0.6000% $2,092.31 8533544 $371,619.01 4.845% 3.1000% $11,520.19 8534132 $144,000.00 4.720% 5.6000% $8,064.00 8534146 $65,940.00 4.970% 0.6000% $395.64 8534198 $381,581.99 4.845% 3.1000% $11,829.04 8534204 $486,691.38 4.845% 3.1000% $15,087.43 8535522 $292,500.00 4.720% 5.6000% $16,380.00 8538216 $53,602.89 4.970% 0.6000% $321.62 8538368 $88,000.00 4.845% 3.1000% $2,728.00 8538782 $217,192.86 4.845% 3.1000% $6,732.98 8538798 $416,452.41 4.845% 3.1000% $12,910.02 8538804 $526,000.00 4.845% 3.1000% $16,306.00 8539010 $250,000.00 4.595% 8.1000% $20,250.00 8539626 $275,000.00 4.470% 10.6000% $29,150.00 8545950 $200,000.00 4.595% 8.1000% $16,200.00 8546892 $68,000.00 4.970% 0.6000% $408.00 8548738 $190,375.00 4.845% 3.1000% $5,901.63 8550850 $69,700.00 4.970% 0.6000% $418.20 8551478 $160,000.00 4.970% 0.6000% $960.00 8553000 $128,000.00 4.970% 0.6000% $768.00 8559246 $104,750.00 4.970% 0.6000% $628.50 8565016 $87,900.00 4.970% 0.6000% $527.40 8574522 $153,000.00 4.970% 0.6000% $918.00 8599263 $295,799.41 4.970% 0.6000% $1,774.80 8741215 $196,545.97 4.970% 0.6000% $1,179.28 Friday, August 22, 2003 Page 7 of 8 8755977 $446,695.39 4.970% 0.6000% $2,680.17 8764627 $103,600.49 4.845% 3.1000% $3,211.62 8764995 $142,435.16 4.845% 3.1000% $4,415.49 8773091 $373,582.32 4.595% 8.1000% $30,260.17 8787375 $81,094.77 4.970% 0.6000% $486.57 8787709 $99,625.88 4.720% 5.6000% $5,579.05 8789575 $516,100.97 4.720% 5.6000% $28,901.65 8791093 $179,298.54 4.970% 0.6000% $1,075.79 8814989 $231,539.57 4.845% 3.1000% $7,177.73 8821135 $161,387.57 4.595% 8.1000% $13,072.39 8822307 $108,800.00 4.970% 0.6000% $652.80 8826941 $200,000.00 4.970% 0.6000% $1,200.00 Friday, August 22, 2003 Page 8 of 8
EXHIBIT THREE INFORMATION TO BE INCLUDED IN MONTHLY DISTRIBUTION DATE STATEMENT (i) (a) the amount of such distribution to the Certificateholders of such Class applied to reduce the Certificate Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (ii) the amount of such distribution to Holders of such Class of Certificates allocable to interest; (iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (iv) the amount of any Advance by the Master Servicer pursuant to Section 4.04; (v) the number and Pool Stated Principal Balance of the Mortgage Loans after giving effect to the distribution of principal on such Distribution Date; (vi) the aggregate Certificate Principal Balance of each Class of Certificates and each of the Senior Percentage and Subordinate Class Percentage, after giving effect to the amounts distributed on such Distribution Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal; (vii) the related Subordinate Principal Distribution Amount and Prepayment Distribution Percentage, if applicable; (viii) on the basis of the most recent reports furnished to it by Sub-Servicers, (a) the number and aggregate principal balances of Mortgage Loans that are Delinquent (1) 30-59 days, (2) 60-89 days and (3) 90 or more days and the number and aggregate principal balance of Mortgage Loans that are in foreclosure, (b) the number and aggregate principal balances of Reportable Modified Mortgage Loans that are Delinquent (1) 30-59 days, (2) 60-89 days and (3) 90 or more days and the number and aggregate principal balance of Reportable Modified Mortgage Loans that are in foreclosure and are REO Property, indicating in each case capitalized Mortgage Loans, other Servicing Modifications and totals, and (c) for all Reportable Modified Mortgage Loans, the number and aggregate Stated Principal Balance of Reportable Modified Mortgage Loans that have been liquidated, the subject of pay-offs and that have been repurchased by the Master Servicer or Seller; (ix) the number, aggregate principal balance and book value of any REO Properties; (x) the aggregate Accrued Certificate Interest remaining unpaid, if any, for each Class of Certificates, after giving effect to the distribution made on such Distribution Date; (xi) the Special Hazard Amount, Fraud Loss Amount and Bankruptcy Amount as of the close of business on such Distribution Date and a description of any change in the calculation of such amounts; (xii) the weighted average Pool Strip Rate for such Distribution Date and the Pass-Through Rate with respect to the Class A-V Certificates and each Subclass, if any, thereof; (xiii) the Notional Amount with respect to each class of Interest Only Certificates and each Subclass Notional Amount; (xiv) the occurrence of the Credit Support Depletion Date; (xv) the related Senior Accelerated Distribution Percentage applicable to such distribution; (xvi) the related Senior Percentage for such Distribution Date; (xvii) the aggregate amount of Realized Losses for such Distribution Date; (xviii) the aggregate amount of any recoveries on previously foreclosed loans from Sellers due to a breach of a representation or warranty assigned to the Trustee pursuant to Section 2.04; (xix) the weighted average remaining term to maturity of the Mortgage Loans after giving effect to the amounts distributed on such Distribution Date; and (xx) the weighted average Mortgage Rates of the Mortgage Loans after giving effect to the amounts distributed on such Distribution Date. In the case of information furnished pursuant to clauses (i) and (ii) above, the amounts shall be expressed as a dollar amount per Certificate with a $1,000 denomination. The Trustee's internet website, and assistance in using the website, can be obtained by calling the Trustee's Shareholder Relations desk at (800) 735-7777. To receive this statement via first class mail, telephone the Trustee at (800) 735-7777. EXHIBIT FOUR STANDARD TERMS OF POOLING AND SERVICING AGREEMENT DATED AS OF MARCH 1, 2003 EXECUTION COPY ================================================================================ STANDARD TERMS OF POOLING AND SERVICING AGREEMENT Dated as of March 1, 2003 Residential Accredit Loans, Inc. Mortgage Asset-Backed Pass-Through Certificates ================================================================================
TABLE OF CONTENTS PAGE Article I DEFINITIONS...............................................................2 Section 1.01. Definitions...........................................................2 Section 1.02. Use of Words and Phrases.............................................32 Article II CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES..........33 Section 2.01. Conveyance of Mortgage Loans.........................................33 Section 2.02. Acceptance by Trustee................................................39 Section 2.03. Representations, Warranties and Covenants of the Master Servicer and the Company.............................................................40 Section 2.04. Representations and Warranties of Sellers............................42 Section 2.05. Execution and Authentication of Certificates/Issuance of Certificates Evidencing Interests in REMIC I Certificates..................44 Section 2.06. Conveyance of Uncertificated REMIC I and REMIC II Regular Interests; Acceptance by the Trustee..................................................44 Section 2.07. Issuance of Certificates Evidencing Interests in REMIC II............44 Section 2.08. Purposes and Powers of the Trust.....................................44 Article III ADMINISTRATION AND SERVICING OF MORTGAGE LOANS...........................45 Section 3.01. Master Servicer to Act as Servicer...................................45 Section 3.02. Subservicing Agreements Between Master Servicer and Subservicers; Enforcement of Subservicers' and Sellers' Obligations......................46 Section 3.03. Successor Subservicers...............................................47 Section 3.04. Liability of the Master Servicer.....................................48 Section 3.05. No Contractual Relationship Between Subservicer and Trustee or Certificateholders ........................................................48 Section 3.06. Assumption or Termination of Subservicing Agreements by Trustee..... 48 Section 3.07. Collection of Certain Mortgage Loan Payments; Deposits to Custodial Account ...................................................................49 Section 3.08. Subservicing Accounts; Servicing Accounts............................51 Section 3.09. Access to Certain Documentation and Information Regarding the Mortgage Loans .....................................................................53 Section 3.10. Permitted Withdrawals from the Custodial Account.....................53 i Section 3.11. Maintenance of the Primary Insurance Policies; Collections Thereunder55 Section 3.12. Maintenance of Fire Insurance and Omissions and Fidelity Coverage...56 Section 3.13. Enforcement of Due-on-Sale Clauses; Assumption and Modification Agreements; Certain Assignments.........................................................57 Section 3.14. Realization Upon Defaulted Mortgage Loans............................59 Section 3.15. Trustee to Cooperate; Release of Mortgage Files......................63 Section 3.16. Servicing and Other Compensation; Compensating Interest..............64 Section 3.17. Reports to the Trustee and the Company...............................65 Section 3.18. Annual Statement as to Compliance....................................65 Section 3.19. Annual Independent Public Accountants' Servicing Report..............66 Section 3.20. Rights of the Company in Respect of the Master Servicer..............66 Section 3.21. Administration of Buydown Funds......................................67 Article IV PAYMENTS TO CERTIFICATEHOLDERS...........................................68 Section 4.01. Certificate Account..................................................68 Section 4.02. Distributions........................................................68 Section 4.03. Statements to Certificateholders; Statements to Rating Agencies; Exchange Act Reporting.....................................................68 Section 4.04. Distribution of Reports to the Trustee and the Company; Advances by the Master Servicer.............. ......................................70 Section 4.05. Allocation of Realized Losses........................................72 Section 4.06. Reports of Foreclosures and Abandonment of Mortgaged Property........72 Section 4.07. Optional Purchase of Defaulted Mortgage Loans........................72 Section 4.08. Surety Bond..........................................................72 Article V THE CERTIFICATES.........................................................74 Section 5.01. The Certificates.....................................................74 Section 5.02. Registration of Transfer and Exchange of Certificates................76 Section 5.03. Mutilated, Destroyed, Lost or Stolen Certificates....................81 Section 5.04. Persons Deemed Owners................................................82 Section 5.05. Appointment of Paying Agent..........................................82 ii Article VI THE COMPANY AND THE MASTER SERVICER......................................83 Section 6.01. Respective Liabilities of the Company and the Master Servicer........83 Section 6.02. Merger or Consolidation of the Company or the Master Servicer; Assignment of Rights and Delegation of Duties by Master Servicer..........................83 Section 6.03. Limitation on Liability of the Company, the Master Servicer and Others 84 Section 6.04. Company and Master Servicer Not to Resign............................85 Article VII DEFAULT..................................................................86 Section 7.01. Events of Default....................................................86 Section 7.02. Trustee or Company to Act; Appointment of Successor..................88 Section 7.03. Notification to Certificateholders...................................89 Section 7.04. Waiver of Events of Default..........................................89 Article VIII CONCERNING THE TRUSTEE...................................................90 Section 8.01. Duties of Trustee....................................................90 Section 8.02. Certain Matters Affecting the Trustee................................91 Section 8.03. Trustee Not Liable for Certificates or Mortgage Loans................93 Section 8.04. Trustee May Own Certificates.........................................93 Section 8.05. Master Servicer to Pay Trustee's Fees and Expenses; Indemnification.93 Section 8.06. Eligibility Requirements for Trustee.................................94 Section 8.07. Resignation and Removal of the Trustee...............................95 Section 8.08. Successor Trustee....................................................95 Section 8.09. Merger or Consolidation of Trustee...................................96 Section 8.10. Appointment of Co-Trustee or Separate Trustee........................96 Section 8.11. Appointment of Custodians............................................97 Section 8.12. Appointment of Office or Agency......................................98 Article IX TERMINATION OR OPTIONAL PURCHASE OF ALL CERTIFICATES.....................99 Section 9.01. Optional Purchase by the Master Servicer of All Certificates; Termination Upon Purchase by the Master Servicer or Liquidation of All Mortgage Loans........ ....................................................99 iii Section 9.02. Additional Termination Requirements.................................102 Section 9.03. Termination of Multiple REMICs......................................103 Article X REMIC PROVISIONS........................................................104 Section 10.01.REMIC Administration................................................104 Section 10.02.Master Servicer, REMIC Administrator and Trustee Indemnification....107 Section 10.03.Designation of REMIC(s).............................................108 Article XI MISCELLANEOUS PROVISIONS................................................109 Section 11.01.Amendment...........................................................109 Section 11.02.Recordation of Agreement; Counterparts..............................111 Section 11.03.Limitation on Rights of Certificateholders..........................112 Section 11.04.Governing Law.......................................................112 Section 11.05.Notices.............................................................113 Section 11.06.Required Notices to Rating Agency and Subservicer...................114 Section 11.07.Severability of Provisions..........................................114 Section 11.08.Supplemental Provisions for Resecuritization........................114 Section 11.09.Allocation of Voting Rights.........................................114 Section 11.10.No Petition.........................................................114 iv EXHIBITS Exhibit A: Form of Class A Certificate Exhibit B: Form of Class M Certificate Exhibit C: Form of Class B Certificate Exhibit D: Form of Class R Certificate Exhibit E: Form of Seller/Servicer Contract Exhibit F: Forms of Request for Release Exhibit G-1: Form of Transfer Affidavit and Agreement Exhibit G-2: Form of Transferor Certificate Exhibit H: Form of Investor Representation Letter Exhibit I: Form of Transferor Representation Letter Exhibit J: Form of Rule 144A Investment Representation Letter Exhibit K: Text of Amendment to Pooling and Servicing Agreement Pursuant to Section 11.01(e) for a Limited Guaranty Exhibit L: Form of Limited Guaranty Exhibit M: Form of Lender Certification for Assignment of Mortgage Loan Exhibit N: Request for Exchange Form Exhibit O: Form of Form 10-K Certification Exhibit P: Form of Back-Up Certification to Form 10-K Certificate Exhibit Q: Information to be Provided by the Master Servicer to the Rating Agencies Relating to Reportable Modified Mortgage Loans
This is the Standard Terms of Pooling and Servicing Agreement, dated as of March 1, 2003 (the "Standard Terms", and as incorporated by reference into a Series Supplement dated as of the Cut-off Date, the "Pooling and Servicing Agreement" or "Agreement"), among RESIDENTIAL ACCREDIT LOANS, INC., as the company (together with its permitted successors and assigns, the "Company"), RESIDENTIAL FUNDING CORPORATION, as master servicer (together with its permitted successors and assigns, the "Master Servicer"), and the trustee named in the applicable Series Supplement (together with its permitted successors and assigns, the "Trustee"). PRELIMINARY STATEMENT: The Company intends to sell certain mortgage asset-backed pass-through certificates (collectively, the "Certificates"), to be issued under the Agreement in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans. In consideration of the mutual agreements herein contained, the Company, the Master Servicer and the Trustee agree as follows: 1 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 meanings specified in this Article. Accretion Termination Date: As defined in the Series Supplement. Accrual Certificates: As defined in the Series Supplement. Accrued Certificate Interest: With respect to each Distribution Date, as to any Class or Subclass of Certificates (other than any Principal Only Certificates), interest accrued during the related Interest Accrual Period at the related Pass-Through Rate on the Certificate Principal Balance or Notional Amount thereof immediately prior to such Distribution Date. Accrued Certificate Interest will be calculated on the basis of a 360-day year, consisting of twelve 30-day months. In each case Accrued Certificate Interest on any Class or Subclass of Certificates will be reduced by the amount of: (i) Prepayment Interest Shortfalls on all Mortgage Loans or, if the Mortgage Pool is comprised of two or more Loan Groups, on the Mortgage Loans in the related Loan Group (to the extent not offset by the Master Servicer with a payment of Compensating Interest as provided in Section 4.01), (ii) the interest portion (adjusted to the Net Mortgage Rate (or the Modified Net Mortgage Rate in the case of a Modified Mortgage Loan)) of Realized Losses on all Mortgage Loans or, if the Mortgage Pool is comprised of two or more Loan Groups, on the Mortgage Loans in the related Loan Group (including Excess Special Hazard Losses, Excess Fraud Losses, Excess Bankruptcy Losses and Extraordinary Losses) not allocated solely to one or more specific Classes of Certificates pursuant to Section 4.05, (iii) the interest portion of Advances that were (A) previously made with respect to a Mortgage Loan or REO Property on all Mortgage Loans or, if the Mortgage Pool is comprised of two or more Loan Groups, on the Mortgage Loans in the related Loan Group, which remained unreimbursed following the Cash Liquidation or REO Disposition of such Mortgage Loan or REO Property and (B) made with respect to delinquencies that were ultimately determined to be Excess Special Hazard Losses, Excess Fraud Losses, Excess Bankruptcy Losses or Extraordinary Losses, and (iv) any other interest shortfalls not covered by the subordination provided by the Class M Certificates and Class B Certificates, including interest that is not collectible from the Mortgagor pursuant to the Soldiers' and Sailors' Civil Relief Act of 1940, as amended, or similar legislation or regulations as in effect from time to time, 2 with all such reductions allocated (A) among all of the Certificates in proportion to their respective amounts of Accrued Certificate Interest payable on such Distribution Date absent such reductions or (B) if the Mortgage Pool is comprised of two or more Loan Groups, the related Senior Percentage of such reductions among the related Senior Certificates in proportion to the amounts of Accrued Certificate Interest payable from the related Loan Group on such Distribution Date absent such reductions, with the remainder of such reductions allocated among the holders of the Class M Certificates and Class B Certificates in proportion to their respective amounts of Accrued Certificate Interest payable on such Distribution Date absent such reductions. In addition to that portion of the reductions described in the preceding sentence that are allocated to any Class of Class B Certificates or any Class of Class M Certificates, Accrued Certificate Interest on such Class of Class B Certificates or such Class of Class M Certificates will be reduced by the interest portion (adjusted to the Net Mortgage Rate) of Realized Losses that are allocated solely to such Class of Class B Certificates or such Class of Class M Certificates pursuant to Section 4.05. Addendum and Assignment Agreement: The Addendum and Assignment Agreement, dated as of January 31, 1995, between MLCC and the Master Servicer. Additional Collateral: Any of the following held, in addition to the related Mortgaged Property, as security for a Mortgage Loan: (i) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as security for the repayment of such Mortgage Loan, (ii) third-party guarantees, and (A) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as collateral for such guarantee or (B) any mortgaged property securing the performance of such guarantee, or (iii) such other collateral as may be set forth in the Series Supplement. Additional Collateral Loan: Each Mortgage Loan that is supported by Additional Collateral. Adjusted Mortgage Rate: With respect to any Mortgage Loan and any date of determination, the Mortgage Rate borne by the related Mortgage Note, less the rate at which the related Subservicing Fee accrues. Advance: As to any Mortgage Loan, any advance made by the Master Servicer, pursuant to Section 4.04. Affiliate: With respect to any Person, any other Person controlling, controlled by or under common control with such first Person. For the purposes of this definition, "control" means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms "controlling" and "controlled" have meanings correlative to the foregoing. 3 Ambac: Ambac Assurance Corporation (formerly known as AMBAC Indemnity Corporation). Amount Held for Future Distribution: As to any Distribution Date and, with respect to any Mortgage Pool that is comprised of two or more Loan Groups, each Loan Group, the total of the amounts held in the Custodial Account at the close of business on the preceding Determination Date on account of (i) Liquidation Proceeds, Subsequent Recoveries, Insurance Proceeds, Curtailments, Mortgage Loan purchases made pursuant to Section 2.02, 2.03, 2.04 or 4.07 and Mortgage Loan substitutions made pursuant to Section 2.03 or 2.04 received or made in the month of such Distribution Date (other than such Liquidation Proceeds, Insurance Proceeds and purchases of Mortgage Loans that the Master Servicer has deemed to have been received in the preceding month in accordance with Section 3.07(b)), and Principal Prepayments in Full made after the related Prepayment Period, and (ii) payments which represent early receipt of scheduled payments of principal and interest due on a date or dates subsequent to the related Due Date. Appraised Value: As to any Mortgaged Property, the lesser of (i) the appraised value of such Mortgaged Property based upon the appraisal made at the time of the origination of the related Mortgage Loan, and (ii) the sales price of the Mortgaged Property at such time of origination, except in the case of a Mortgaged Property securing a refinanced or modified Mortgage Loan as to which it is either the appraised value determined above or the appraised value determined in an appraisal at the time of refinancing or modification, as the case may be. Assigned Contracts: With respect to any Pledged Asset Loan: the Credit Support Pledge Agreement; the Funding and Pledge Agreement, among GMAC Mortgage Corporation, National Financial Services Corporation and the Mortgagor or other person pledging the related Pledged Assets; the Additional Collateral Agreement, between GMAC Mortgage Corporation and the Mortgagor or other person pledging the related Pledged Assets; or such other contracts as may be set forth in the Series Supplement. Assignment: An assignment of the Mortgage, notice of transfer or equivalent instrument, in recordable form, sufficient under the laws of the jurisdiction wherein the related Mortgaged Property is located to reflect of record the sale of the Mortgage Loan to the Trustee for the benefit of Certificateholders, which assignment, notice of transfer or equivalent instrument may be in the form of one or more blanket assignments covering Mortgages secured by Mortgaged Properties located in the same county, if permitted by law and accompanied by an Opinion of Counsel to that effect. Assignment Agreement: The Assignment and Assumption Agreement, dated the Closing Date, between Residential Funding and the Company relating to the transfer and assignment of the Mortgage Loans. Assignment of Proprietary Lease: With respect to a Cooperative Loan, the assignment of the related Cooperative Lease from the Mortgagor to the originator of the Cooperative Loan. Available Distribution Amount: As to any Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, each Loan 4 Group, an amount equal to (a) the sum of (i) the amount relating to the Mortgage Loans on deposit in the Custodial Account as of the close of business on the immediately preceding Determination Date, including any Subsequent Recoveries, and amounts deposited in the Custodial Account in connection with the substitution of Qualified Substitute Mortgage Loans, (ii) the amount of any Advance made on the immediately preceding Certificate Account Deposit Date, (iii) any amount deposited in the Certificate Account on the related Certificate Account Deposit Date pursuant to the second paragraph of Section 3.12(a), (iv) any amount deposited in the Certificate Account pursuant to Section 4.07, (v) any amount that the Master Servicer is not permitted to withdraw from the Custodial Account or the Certificate Account pursuant to Section 3.16(e), (vi) any amount received by the Trustee pursuant to the Surety Bond in respect of such Distribution Date and (vii) the proceeds of any Pledged Assets received by the Master Servicer, reduced by (b) the sum as of the close of business on the immediately preceding Determination Date of (w) aggregate Foreclosure Profits, (x) the Amount Held for Future Distribution, and (y) amounts permitted to be withdrawn by the Master Servicer from the Custodial Account in respect of the Mortgage Loans pursuant to clauses (ii)-(x), inclusive, of Section 3.10(a). Such amount shall be determined separately for each Loan Group. Additionally, with respect to any Mortgage Pool that is comprised of two or more Loan Groups, if on any Distribution Date Compensating Interest provided pursuant to this Section 3.16(e) is less than Prepayment Interest Shortfalls incurred on the Mortgage Loans in connection with Principal Prepayments in Full and Curtailments made in the prior calendar month, such Compensating Interest shall be allocated on such Distribution Date to the Available Distribution Amount for each Loan Group on a pro rata basis in accordance with the respective amounts of such Prepayment Interest Shortfalls incurred on the Mortgage Loans in such Loan Group in respect of such Distribution Date. Bankruptcy Code: The Bankruptcy Code of 1978, as amended. Bankruptcy Loss: With respect to any Mortgage Loan, a Deficient Valuation or Debt Service Reduction; provided, however, that neither a Deficient Valuation nor a Debt Service Reduction shall be deemed a Bankruptcy Loss hereunder so long as the Master Servicer has notified the Trustee in writing that the Master Servicer is diligently pursuing any remedies that may exist in connection with the representations and warranties made regarding the related Mortgage Loan and either (A) the related Mortgage Loan is not in default with regard to payments due thereunder or (B) delinquent payments of principal and interest under the related Mortgage Loan and any premiums on any applicable primary hazard insurance policy and any related escrow payments in respect of such Mortgage Loan are being advanced on a current basis by the Master Servicer or a Subservicer, in either case without giving effect to any Debt Service Reduction. Book-Entry Certificate: Any Certificate registered in the name of the Depository or its nominee, and designated as such in the Preliminary Statement to the Series Supplement. Business Day: Any day other than (i) a Saturday or a Sunday or (ii) a day on which banking institutions in the State of New York, the State of Michigan, the State of California or the State of Illinois (and such other state or states in which the Custodial Account or the Certificate Account are at the time located) are required or authorized by law or executive order to be closed. 5 Buydown Funds: Any amount contributed by the seller of a Mortgaged Property, the Company or other source in order to enable the Mortgagor to reduce the payments required to be made from the Mortgagor's funds in the early years of a Mortgage Loan. Buydown Funds are not part of the Trust Fund prior to deposit into the Custodial or Certificate Account. Buydown Mortgage Loan: Any Mortgage Loan as to which a specified amount of interest is paid out of related Buydown Funds in accordance with a related buydown agreement. Capitalization Reimbursement Amount: As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date. Capitalization Reimbursement Shortfall Amount: As to any Distribution Date, the amount, if any, by which the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the Mortgage Loans during the preceding calendar month exceeds the amount of principal payments on the Mortgage Loans included in the Available Distribution Amount for that Distribution Date. Cash Liquidation: As to any defaulted Mortgage Loan other than a Mortgage Loan as to which an REO Acquisition occurred, a determination by the Master Servicer that it has received all Insurance Proceeds, Liquidation Proceeds and other payments or cash recoveries which the Master Servicer reasonably and in good faith expects to be finally recoverable with respect to such Mortgage Loan. Certificate Account Deposit Date: As to any Distribution Date, the Business Day prior thereto. Certificateholder or Holder: The Person in whose name a Certificate is registered in the Certificate Register, and, in respect of any Insured Certificates, the Certificate Insurer to the extent of Cumulative Insurance Payments, except that neither a Disqualified Organization nor a Non-United States Person shall be a holder of a Class R Certificate for purposes hereof and, solely for the purpose of giving any consent or direction pursuant to this Agreement, any Certificate, other than a Class R Certificate, registered in the name of the Company, the Master Servicer or any Subservicer or any Affiliate thereof shall be deemed not to be outstanding and the Percentage Interest or Voting Rights evidenced thereby shall not be taken into account in determining whether the requisite amount of Percentage Interests or Voting Rights necessary to effect any such consent or direction has been obtained. All references herein to "Holders" or "Certificateholders" shall reflect the rights of Certificate Owners as they may indirectly exercise such rights through the Depository and participating members thereof, except as otherwise specified herein; provided, however, that the Trustee shall be required to recognize as a "Holder" or "Certificateholder" only the Person in whose name a Certificate is registered in the Certificate Register. 6 Certificate Insurer: As defined in the Series Supplement. Certificate Owner: With respect to a Book-Entry Certificate, the Person who is the beneficial owner of such Certificate, as reflected on the books of an indirect participating brokerage firm for which a Depository Participant acts as agent, if any, and otherwise on the books of a Depository Participant, if any, and otherwise on the books of the Depository. Certificate Principal Balance: With respect to each Certificate (other than any Interest Only Certificate), on any date of determination, an amount equal to: (i) the Initial Certificate Principal Balance of such Certificate as specified on the face thereof, plus (ii) any Subsequent Recoveries added to the Certificate Principal Balance of such Certificate pursuant to Section 4.02, plus (iii) in the case of each Accrual Certificate, an amount equal to the aggregate Accrued Certificate Interest added to the Certificate Principal Balance thereof prior to such date of determination, minus (iv) the sum of (x) the aggregate of all amounts previously distributed with respect to such Certificate (or any predecessor Certificate) and applied to reduce the Certificate Principal Balance thereof pursuant to Section 4.02(a) and (y) the aggregate of all reductions in Certificate Principal Balance deemed to have occurred in connection with Realized Losses which were previously allocated to such Certificate (or any predecessor Certificate) pursuant to Section 4.05; provided, that the Certificate Principal Balance of each Certificate of the Class of Subordinate Certificates with the Lowest Priority at any given time shall be further reduced by an amount equal to the Percentage Interest represented by such Certificate multiplied by the excess, if any, of (A) the then aggregate Certificate Principal Balance of all Classes of Certificates then outstanding over (B) the then aggregate Stated Principal Balance of the Mortgage Loans. Certificate Register and Certificate Registrar: The register maintained and the registrar appointed pursuant to Section 5.02. Class: Collectively, all of the Certificates bearing the same designation. The initial Class A-V Certificates and any Subclass thereof issued pursuant to Section 5.01(c) shall be a single Class for purposes of this Agreement. Class A-P Certificate: Any one of the Certificates designated as a Class A-P Certificate. Class A-P Collection Shortfall: With respect to the Cash Liquidation or REO Disposition of a Discount Mortgage Loan and any Distribution Date, the excess of the amount described in Section 4.02(b)(i)(C)(1) over the amount described in Section 4.02(b)(i)(C)(2). Class A-P Principal Distribution Amount: As defined in Section 4.02. 7 Class A-V Certificate: Any one of the Certificates designated as a Class A-V Certificate, including any Subclass thereof. Class B Certificate: Any one of the Certificates designated as a Class B-1 Certificate, Class B-2 Certificate or Class B-3 Certificate. Class M Certificate: Any one of the Certificates designated as a Class M-1 Certificate, Class M-2 Certificate or Class M-3 Certificate. Closing Date: As defined in the Series Supplement. Code: The Internal Revenue Code of 1986. Combined Collateral LLC: Combined Collateral LLC, a Delaware limited liability company. Commission: The Securities and Exchange Commission. Compensating Interest: With respect to any Distribution Date, an amount equal to Prepayment Interest Shortfalls resulting from Principal Prepayments in Full during the related Prepayment Period and Curtailments during the prior calendar month and included in the Available Distribution Amount for such Distribution Date, but not more than the lesser of (a) one-twelfth of 0.125% of the Stated Principal Balance of the Mortgage Loans immediately preceding such Distribution Date and (b) the sum of the Servicing Fee and all income and gain on amounts held in the Custodial Account and the Certificate Account and payable to the Certificateholders with respect to such Distribution Date; provided that for purposes of this definition the amount of the Servicing Fee will not be reduced pursuant to Section 7.02(a) except as may be required pursuant to the last sentence of such Section. Cooperative: A private, cooperative housing corporation which owns or leases land and all or part of a building or buildings, including apartments, spaces used for commercial purposes and common areas therein and whose board of directors authorizes, among other things, the sale of Cooperative Stock. Cooperative Apartment: A dwelling unit in a multi-dwelling building owned or leased by a Cooperative, which unit the Mortgagor has an exclusive right to occupy pursuant to the terms of a proprietary lease or occupancy agreement. Cooperative Lease: With respect to a Cooperative Loan, the proprietary lease or occupancy agreement with respect to the Cooperative Apartment occupied by the Mortgagor and relating to the related Cooperative Stock, which lease or agreement confers an exclusive right to the holder of such Cooperative Stock to occupy such apartment. Cooperative Loans: Any of the Mortgage Loans made in respect of a Cooperative Apartment, evidenced by a Mortgage Note and secured by (i) a Security Agreement, (ii) the related Cooperative Stock Certificate, (iii) an assignment of the Cooperative Lease, (iv) financing statements and (v) a stock power (or other similar instrument), and ancillary thereto, a recognition agreement between the Cooperative and the originator of the Cooperative Loan, 8 each of which was transferred and assigned to the Trustee pursuant to Section 2.01 and are from time to time held as part of the Trust Fund. Cooperative Stock: With respect to a Cooperative Loan, the single outstanding class of stock, partnership interest or other ownership instrument in the related Cooperative. Cooperative Stock Certificate: With respect to a Cooperative Loan, the stock certificate or other instrument evidencing the related Cooperative Stock. Credit Support Depletion Date: The first Distribution Date on which the Certificate Principal Balances of the Subordinate Certificates have been reduced to zero. Credit Support Pledge Agreement: The Credit Support Pledge Agreement, dated as of November 24, 1998, among the Master Servicer, GMAC Mortgage Corporation, Combined Collateral LLC and The First National Bank of Chicago (now known as Bank One, National Association), as custodian. Cumulative Insurance Payments: As defined in the Series Supplement. Curtailment: Any Principal Prepayment made by a Mortgagor which is not a Principal Prepayment in Full. Custodial Account: The custodial account or accounts created and maintained pursuant to Section 3.07 in the name of a depository institution, as custodian for the holders of the Certificates, for the holders of certain other interests in mortgage loans serviced or sold by the Master Servicer and for the Master Servicer, into which the amounts set forth in Section 3.07 shall be deposited directly. Any such account or accounts shall be an Eligible Account. Custodial Agreement: An agreement that may be entered into among the Company, the Master Servicer, the Trustee and a Custodian pursuant to which the Custodian will hold certain documents relating to the Mortgage Loans on behalf of the Trustee. Custodian: A custodian appointed pursuant to a Custodial Agreement. Cut-off Date Principal Balance: As to any Mortgage Loan, the unpaid principal balance thereof at the Cut-off Date after giving effect to all installments of principal due on or prior thereto (or due during the month of the Cut-off Date), whether or not received. Debt Service Reduction: With respect to any Mortgage Loan, a reduction in the scheduled Monthly Payment for such Mortgage Loan by a court of competent jurisdiction in a proceeding under the Bankruptcy Code, except such a reduction constituting a Deficient Valuation or any reduction that results in a permanent forgiveness of principal. Deficient Valuation: With respect to any Mortgage Loan, a valuation by a court of competent jurisdiction of the Mortgaged Property in an amount less than the then outstanding indebtedness under the Mortgage Loan, or any reduction in the amount of principal to be paid in connection with any scheduled Monthly Payment that constitutes a permanent forgiveness of principal, which valuation or reduction results from a proceeding under the Bankruptcy Code. 9 Definitive Certificate: Any Certificate other than a Book-Entry Certificate. Deleted Mortgage Loan: A Mortgage Loan replaced or to be replaced with a Qualified Substitute Mortgage Loan. Delinquent: As used herein, a Mortgage Loan is considered to be: "30 to 59 days" or "30 or more days" delinquent when a payment due on any scheduled due date remains unpaid as of the close of business on the last business day immediately prior to the next following monthly scheduled due date; "60 to 89 days" or "60 or more days" delinquent when a payment due on any scheduled due date remains unpaid as of the close of business on the last business day immediately prior to the second following monthly scheduled due date; and so on. The determination as to whether a Mortgage Loan falls into these categories is made as of the close of business on the last business day of each month. For example, a Mortgage Loan with a payment due on July 1 that remained unpaid as of the close of business on July 31 would then be considered to be 30 to 59 days delinquent. Delinquency information as of the Cut-off Date is determined and prepared as of the close of business on the last business day immediately prior to the Cut-off Date. Depository: The Depository Trust Company, or any successor Depository hereafter named. The nominee of the initial Depository for purposes of registering those Certificates that are to be Book-Entry Certificates is Cede & Co. The Depository shall at all times be a "clearing corporation" as defined in Section 8-102(a)(5) of the Uniform Commercial Code of the State of New York and a "clearing agency" registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934, as amended. Depository Participant: A broker, dealer, bank or other financial institution or other Person for whom from time to time a Depository effects book-entry transfers and pledges of securities deposited with the Depository. Destroyed Mortgage Note: A Mortgage Note the original of which was permanently lost or destroyed and has not been replaced. Determination Date: As defined in the Series Supplement. Discount Fraction: With respect to each Discount Mortgage Loan, the fraction expressed as a percentage, the numerator of which is the Discount Net Mortgage Rate minus the Net Mortgage Rate (or the initial Net Mortgage Rate with respect to any Discount Mortgage Loans as to which the Mortgage Rate is modified pursuant to 3.07(a)) for such Mortgage Loan and the denominator of which is the Discount Net Mortgage Rate. The Discount Fraction with respect to each Discount Mortgage Loan is set forth as an exhibit attached to the Series Supplement. Discount Mortgage Loan: Any Mortgage Loan having a Net Mortgage Rate (or the initial Net Mortgage Rate) of less than the Discount Net Mortgage Rate per annum and any Mortgage Loan deemed to be a Discount Mortgage Loan pursuant to the definition of Qualified Substitute Mortgage Loan. Discount Net Mortgage Rate: As defined in the Series Supplement. 10 Disqualified Organization: Any organization defined as a "disqualified organization" under Section 860E(e)(5) of the Code, and if not otherwise included, any of the following: (i) the United States, any State or political subdivision thereof, any possession of the United States, or any agency or instrumentality of any of the foregoing (other than an instrumentality which is a corporation if all of its activities are subject to tax and, except for the Freddie Mac, a majority of its board of directors is not selected by such governmental unit), (ii) a foreign government, any international organization, or any agency or instrumentality of any of the foregoing, (iii) any organization (other than certain farmers' cooperatives described in Section 521 of the Code) which is exempt from the tax imposed by Chapter 1 of the Code (including the tax imposed by Section 511 of the Code on unrelated business taxable income), (iv) rural electric and telephone cooperatives described in Section 1381(a)(2)(C) of the Code, (v) any "electing large partnership," as defined in Section 775(a) of the Code and (vi) any other Person so designated by the Trustee based upon an Opinion of Counsel that the holding of an Ownership Interest in a Class R Certificate by such Person may cause the Trust Fund or any Person having an Ownership Interest in any Class of Certificates (other than such Person) to incur a liability for any federal tax imposed under the Code that would not otherwise be imposed but for the Transfer of an Ownership Interest in a Class R Certificate to such Person. The terms "United States", "State" and "international organization" shall have the meanings set forth in Section 7701 of the Code or successor provisions. Distribution Date: The 25th day of any month beginning in the month immediately following the month of the initial issuance of the Certificates or, if such 25th day is not a Business Day, the Business Day immediately following such 25th day. Due Date: With respect to any Distribution Date and any Mortgage Loan, the day during the related Due Period on which the Monthly Payment is due. Due Period: With respect to any Distribution Date, the one-month period set forth in the Series Supplement. Eligible Account: An account that is any of the following: (i) maintained with a depository institution the debt obligations of which have been rated by each Rating Agency in its highest rating available, or (ii) an account or accounts in a depository institution in which such accounts are fully insured to the limits established by the FDIC, provided that any deposits not so insured shall, to the extent acceptable to each Rating Agency, as evidenced in writing, be maintained such that (as evidenced by an Opinion of Counsel delivered to the Trustee and each Rating Agency) the registered Holders of Certificates have a claim with respect to the funds in such account or a perfected first security interest against any collateral (which shall be limited to Permitted Investments) securing such funds that is superior to claims of any other depositors or creditors of the depository institution with which such account is maintained, or (iii) in the case of the Custodial Account, a trust account or accounts maintained in the corporate trust department of Bank One, National Association, or (iv) in the case of the Certificate Account, a trust account or accounts maintained in the corporate trust division of the Trustee, or (v) an account or accounts of a depository institution acceptable to each Rating Agency (as evidenced in writing by each Rating Agency that use of any such account as the Custodial Account or the Certificate Account will not reduce the rating 11 assigned to any Class of Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency). Event of Default: As defined in Section 7.01. Excess Bankruptcy Loss: Any Bankruptcy Loss, or portion thereof, which exceeds the then applicable Bankruptcy Amount. Excess Fraud Loss: Any Fraud Loss, or portion thereof, which exceeds the then applicable Fraud Loss Amount. Excess Special Hazard Loss: Any Special Hazard Loss, or portion thereof, that exceeds the then pplicable Special Hazard Amount. Excess Subordinate Principal Amount: With respect to any Distribution Date on which the aggregate Certificate Principal Balance of the Class of Subordinate Certificates then outstanding with the Lowest Priority is to be reduced to zero and on which Realized Losses are to be allocated to such class or classes, the excess, if any, of (i) the amount that would otherwise be distributable in respect of principal on such class or classes of Certificates on such Distribution Date over (ii) the excess, if any, of the aggregate Certificate Principal Balance of such class or classes of Certificates immediately prior to such Distribution Date over the aggregate amount of Realized Losses to be allocated to such classes of Certificates on such Distribution Date as reduced by any amount calculated pursuant to Section 4.02(b)(i)(E). With respect to any Mortgage Pool that is comprised of two or more Loan Groups, the Excess Subordinate Principal Amount will be allocated between each Loan Group on a pro rata basis in accordance with the amount of Realized Losses attributable to each Loan Group and allocated to the Certificates on such Distribution Date. Exchange Act: The Securities and Exchange Act of 1934, as amended. ------------ Extraordinary Events: Any of the following conditions with respect to a Mortgaged Property (or, with respect to a Cooperative Loan, the Cooperative Apartment) or Mortgage Loan causing or resulting in a loss which causes the liquidation of such Mortgage Loan: (a) losses that are of the type that would be covered by the fidelity bond and the errors and omissions insurance policy required to be maintained pursuant to Section 3.12(b) but are in excess of the coverage maintained thereunder; (b) nuclear reaction or nuclear radiation or radioactive contamination, all whether controlled or uncontrolled, and whether such loss be direct or indirect, proximate or remote or be in whole or in part caused by, contributed to or aggravated by a peril covered by the definition of the term "Special Hazard Loss"; (c) hostile or warlike action in time of peace or war, including action in hindering, combating or defending against an actual, impending or expected attack: 1. by any government or sovereign power, de jure or de facto, or by any authority maintaining or using military, naval or air forces; or 12 2. by military, naval or air forces; or 3. by an agent of any such government, power, authority or forces; (d) any weapon of war employing atomic fission or radioactive force whether in time of peace or war; or (e) insurrection, rebellion, revolution, civil war, usurped power or action taken by governmental authority in hindering, combating or defending against such an occurrence, seizure or destruction under quarantine or customs regulations, confiscation by order of any government or public authority; or risks of contraband or illegal transportation or trade. Extraordinary Losses: Any loss incurred on a Mortgage Loan caused by or resulting from an Extraordinary Event. Fannie Mae: Federal National Mortgage Association, a federally chartered and privately owned corporation organized and existing under the Federal National Mortgage Association Charter Act, or any successor thereto. FASIT: A "financial asset securitization investment trust" within the meaning of Section 860L of the Code. FDIC: Federal Deposit Insurance Corporation or any successor thereto. ---- Final Distribution Date: The Distribution Date on which the final distribution in respect of the Certificates will be made pursuant to Section 9.01, which Final Distribution Date shall in no event be later than the end of the 90-day liquidation period described in Section 9.02. Fitch: Fitch Ratings or its successor in interest. ----- Foreclosure Profits: As to any Distribution Date or related Determination Date and any Mortgage Loan, the excess, if any, of Liquidation Proceeds, Insurance Proceeds and REO Proceeds (net of all amounts reimbursable therefrom pursuant to Section 3.10(a)(ii)) in respect of each Mortgage Loan or REO Property for which a Cash Liquidation or REO Disposition occurred in the related Prepayment Period over the sum of the unpaid principal balance of such Mortgage Loan or REO Property (determined, in the case of an REO Disposition, in accordance with Section 3.14) plus accrued and unpaid interest at the Mortgage Rate on such unpaid principal balance from the Due Date to which interest was last paid by the Mortgagor to the first day of the month following the month in which such Cash Liquidation or REO Disposition occurred. Form 10-K Certification: As defined in Section 4.03(e). Fraud Losses: Losses on Mortgage Loans as to which there was fraud in the origination of such Mortgage Loan. 13 Freddie Mac: Federal Home Loan Mortgage Corporation, a corporate instrumentality of the United States created and existing under Title III of the Emergency Home Finance Act of 1970, as amended, or any successor thereto. Highest Priority: As of any date of determination, the Class of Subordinate Certificates then outstanding with a Certificate Principal Balance greater than zero, with the earliest priority for payments pursuant to Section 4.02(a), in the following order: Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates. Independent: When used with respect to any specified Person, means such a Person who (i) is in fact independent of the Company, the Master Servicer and the Trustee, or any Affiliate thereof, (ii) does not have any direct financial interest or any material indirect financial interest in the Company, the Master Servicer or the Trustee or in an Affiliate thereof, and (iii) is not connected with the Company, the Master Servicer or the Trustee as an officer, employee, promoter, underwriter, trustee, partner, director or person performing similar functions. Initial Certificate Principal Balance: With respect to each Class of Certificates, the Certificate Principal Balance of such Class of Certificates as of the Cut-off Date, as set forth in the Series Supplement. Initial Monthly Payment Fund: An amount representing scheduled principal amortization and interest at the Net Mortgage Rate for the Due Date in the first Due Period commencing subsequent to the Cut-off Date for those Mortgage Loans for which the Trustee will not be entitled to receive such payment, and as more specifically defined in the Series Supplement. Initial Notional Amount: With respect to any Class or Subclass of Interest Only Certificates, the amount initially used as the principal basis for the calculation of any interest payment amount, as more specifically defined in the Series Supplement. Initial Subordinate Class Percentage: As defined in the Series Supplement. Insurance Proceeds: Proceeds paid in respect of the Mortgage Loans pursuant to any Primary Insurance Policy or any other related insurance policy covering a Mortgage Loan (excluding any Certificate Policy (as defined in the Series Supplement)), to the extent such proceeds are payable to the mortgagee under the Mortgage, any Subservicer, the Master Servicer or the Trustee and are not applied to the restoration of the related Mortgaged Property (or, with respect to a Cooperative Loan, the related Cooperative Apartment) or released to the Mortgagor in accordance with the procedures that the Master Servicer would follow in servicing mortgage loans held for its own account. Insurer: Any named insurer under any Primary Insurance Policy or any successor thereto or the named insurer in any replacement policy. Interest Accrual Period: As defined in the Series Supplement. Interest Only Certificates: A Class or Subclass of Certificates not entitled to payments of principal, and designated as such in the Series Supplement. The Interest Only Certificates will have no Certificate Principal Balance. 14 Interim Certification: As defined in Section 2.02. International Borrower: In connection with any Mortgage Loan, a borrower who is (a) a United States citizen employed in a foreign country, (b) a non-permanent resident alien employed in the United States or (c) a citizen of a country other than the United States with income derived from sources outside the United States. Junior Certificateholder: The Holder of not less than 95% of the Percentage Interests of the Junior Class of Certificates. Junior Class of Certificates: The Class of Subordinate Certificates outstanding as of the date of the repurchase of a Mortgage Loan pursuant to Section 4.07 herein that has the Lowest Priority. Late Collections: With respect to any Mortgage Loan, all amounts received during any Due Period, whether as late payments of Monthly Payments or as Insurance Proceeds, Liquidation Proceeds or otherwise, which represent late payments or collections of Monthly Payments due but delinquent for a previous Due Period and not previously recovered. Liquidation Proceeds: Amounts (other than Insurance Proceeds) received by the Master Servicer in connection with the taking of an entire Mortgaged Property by exercise of the power of eminent domain or condemnation or in connection with the liquidation of a defaulted Mortgage Loan through trustee's sale, foreclosure sale or otherwise, other than REO Proceeds. Loan Group: Any group of Mortgage Loans designated as a separate loan group in the Series Supplement. The Certificates relating to each Loan Group will be designated in the Series Supplement. Loan-to-Value Ratio: As of any date, the fraction, expressed as a percentage, the numerator of which is the current principal balance of the related Mortgage Loan at the date of determination and the denominator of which is the Appraised Value of the related Mortgaged Property. Lower Priority: As of any date of determination and any Class of Subordinate Certificates, any other Class of Subordinate Certificates then outstanding with a later priority for payments pursuant to Section 4.02 (a). Lowest Priority: As of any date of determination, the Class of Subordinate Certificates then outstanding with a Certificate Principal Balance greater than zero, with the latest priority for payments pursuant to Section 4.02(a), in the following order: Class B-3, Class B-2, Class B-1, Class M-3, Class M-2 and Class M-1 Certificates. Maturity Date: The latest possible maturity date, solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, by which the Certificate Principal Balance of each Class of Certificates (other than the Interest Only Certificates which have no Certificate Principal Balance) and each Uncertificated REMIC Regular Interest would be reduced to zero, as designated in the Series Supplement. 15 MERS: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto. MERS(R) System: The system of recording transfers of Mortgages electronically maintained by MERS. MIN: The Mortgage Identification Number for Mortgage Loans registered with MERS on the MERS(R) System. MLCC: Merrill Lynch Credit Corporation, or its successor in interest. Modified Mortgage Loan: Any Mortgage Loan that has been the subject of a Servicing Modification. Modified Net Mortgage Rate: As to any Mortgage Loan that is the subject of a Servicing Modification, the Net Mortgage Rate minus the rate per annum by which the Mortgage Rate on such Mortgage Loan was reduced. MOM Loan: With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof. Monthly Payment: With respect to any Mortgage Loan (including any REO Property) and any Due Date, the payment of principal and interest due thereon in accordance with the amortization schedule at the time applicable thereto (after adjustment, if any, for Curtailments and for Deficient Valuations occurring prior to such Due Date but before any adjustment to such amortization schedule by reason of any bankruptcy, other than a Deficient Valuation, or similar proceeding or any moratorium or similar waiver or grace period and before any Servicing Modification that constitutes a reduction of the interest rate on such Mortgage Loan). Moody's: Moody's Investors Service, Inc., or its successor in interest. Mortgage: With respect to each Mortgage Note related to a Mortgage Loan which is not a Cooperative Loan, the mortgage, deed of trust or other comparable instrument creating a first lien on an estate in fee simple or leasehold interest in real property securing a Mortgage Note. Mortgage File: The mortgage documents listed in Section 2.01 pertaining to a particular Mortgage Loan and any additional documents required to be added to the Mortgage File pursuant to this Agreement. Mortgage Loans: Such of the mortgage loans transferred and assigned to the Trustee pursuant to Section 2.01 as from time to time are held or deemed to be held as a part of the Trust Fund, the Mortgage Loans originally so held being identified in the initial Mortgage Loan Schedule, and Qualified Substitute Mortgage Loans held or deemed held as part of the Trust Fund including, without limitation, (i) with respect to each Cooperative Loan, the related Mortgage Note, Security Agreement, Assignment of Proprietary Lease, Cooperative Stock Certificate, Cooperative Lease and Mortgage File and all rights appertaining thereto, and (ii) with respect to each Mortgage Loan other than a Cooperative 16 Loan, each related Mortgage Note, Mortgage and Mortgage File and all rights appertaining thereto. Mortgage Loan Schedule: As defined in the Series Supplement. Mortgage Note: The originally executed note or other evidence of indebtedness evidencing the indebtedness of a Mortgagor under a Mortgage Loan, together with any modification thereto. Mortgage Pool: The pool of mortgage loans, including all Loan Groups, if any, consisting of the Mortgage Loans. Mortgage Rate: As to any Mortgage Loan, the interest rate borne by the related Mortgage Note, or any modification thereto other than a Servicing Modification. Mortgaged Property: The underlying real property securing a Mortgage Loan or, with respect to a Cooperative Loan, the related Cooperative Lease and Cooperative Stock. Mortgagor: The obligor on a Mortgage Note. --------- Net Mortgage Rate: As to each Mortgage Loan, a per annum rate of interest equal to the Adjusted Mortgage Rate less the per annum rate at which the Servicing Fee is calculated. Non-Discount Mortgage Loan: A Mortgage Loan that is not a Discount Mortgage Loan. Non-Primary Residence Loans: The Mortgage Loans designated as secured by second or vacation residences, or by non-owner occupied residences, on the Mortgage Loan Schedule. Non-United States Person: Any Person other than a United States Person. Nonrecoverable Advance: Any Advance previously made or proposed to be made by the Master Servicer or Subservicer in respect of a Mortgage Loan (other than a Deleted Mortgage Loan) which, in the good faith judgment of the Master Servicer, will not, or, in the case of a proposed Advance, would not, be ultimately recoverable by the Master Servicer from related Late Collections, Insurance Proceeds, Liquidation Proceeds, REO Proceeds or amounts reimbursable to the Master Servicer pursuant to Section 4.02(a) hereof. To the extent that any Mortgagor is not obligated under the related Mortgage documents to pay or reimburse any portion of any Servicing Advances that are outstanding with respect to the related Mortgage Loan as a result of a modification of such Mortgage Loan by the Master Servicer, which forgives amounts which the Master Servicer or Subservicer had previously advanced, and the Master Servicer determines that no other source of payment or reimbursement for such advances is available to it, such Servicing Advances shall be deemed to be Nonrecoverable Advances. The determination by the Master Servicer that it has made a Nonrecoverable Advance or that any proposed Advance would constitute a Nonrecoverable Advance, shall be evidenced by an Officers' Certificate delivered to the Company, the Trustee and any Certificate Insurer. Nonsubserviced Mortgage Loan: Any Mortgage Loan that, at the time of reference thereto, is not subject to a Subservicing Agreement. 17 Notional Amount: With respect to any Class or Subclass of Interest Only Certificates, an amount used as the principal basis for the calculation of any interest payment amount, as more specifically defined in the Series Supplement. Officers' Certificate: A certificate signed by the Chairman of the Board, the President or a Vice President or Assistant Vice President, or a Director or Managing Director, and by the Treasurer, the Secretary, or one of the Assistant Treasurers or Assistant Secretaries of the Company or the Master Servicer, as the case may be, and delivered to the Trustee, as required by this Agreement. Opinion of Counsel: A written opinion of counsel acceptable to the Trustee and the Master Servicer, who may be counsel for the Company or the Master Servicer, provided that any opinion of counsel (i) referred to in the definition of "Disqualified Organization" or (ii) relating to the qualification of any REMIC formed under the Series Supplement or compliance with the REMIC Provisions must, unless otherwise specified, be an opinion of Independent counsel. Outstanding Mortgage Loan: As to any Due Date, a Mortgage Loan (including an REO Property) which was not the subject of a Principal Prepayment in Full, Cash Liquidation or REO Disposition and which was not purchased, deleted or substituted for prior to such Due Date pursuant to Section 2.02, 2.03, 2.04 or 4.07. Ownership Interest: As to any Certificate, any ownership or security interest in such Certificate, including any interest in such Certificate as the Holder thereof and any other interest therein, whether direct or indirect, legal or beneficial, as owner or as pledgee. Pass-Through Rate: As defined in the Series Supplement. Paying Agent: The Trustee or any successor Paying Agent appointed by the Trustee. Percentage Interest: With respect to any Certificate (other than a Class R Certificate), the undivided percentage ownership interest in the related Class evidenced by such Certificate, which percentage ownership interest shall be equal to the Initial Certificate Principal Balance thereof or Initial Notional Amount (in the case of any Interest Only Certificate) thereof divided by the aggregate Initial Certificate Principal Balance or the aggregate of the Initial Notional Amounts, as applicable, of all the Certificates of the same Class. With respect to a Class R Certificate, the interest in distributions to be made with respect to such Class evidenced thereby, expressed as a percentage, as stated on the face of each such Certificate. Permitted Investments: One or more of the following: (i) obligations of or guaranteed as to principal and interest by the United States or any agency or instrumentality thereof when such obligations are backed by the full faith and credit of the United States; (ii) repurchase agreements on obligations specified in clause (i) maturing not more than one month from the date of acquisition thereof, provided that the unsecured obligations of the party agreeing to repurchase such obligations are at the time rated by each Rating Agency in its highest short-term rating available; 18 (iii)federal funds, certificates of deposit, demand deposits, time deposits and bankers' acceptances (which shall each have an original maturity of not more than 90 days and, in the case of bankers' acceptances, shall in no event have an original maturity of more than 365 days or a remaining maturity of more than 30 days) denominated in United States dollars of any U.S. depository institution or trust company incorporated under the laws of the United States or any state thereof or of any domestic branch of a foreign depository institution or trust company; provided that the debt obligations of such depository institution or trust company (or, if the only Rating Agency is Standard & Poor's, in the case of the principal depository institution in a depository institution holding company, debt obligations of the depository institution holding company) at the date of acquisition thereof have been rated by each Rating Agency in its highest short-term rating available; and provided further that, if the only Rating Agency is Standard & Poor's and if the depository or trust company is a principal subsidiary of a bank holding company and the debt obligations of such subsidiary are not separately rated, the applicable rating shall be that of the bank holding company; and, provided further that, if the original maturity of such short-term obligations of a domestic branch of a foreign depository institution or trust company shall exceed 30 days, the short-term rating of such institution shall be A-1+ in the case of Standard & Poor's if Standard & Poor's is the Rating Agency; (iv) commercial paper and demand notes (having original maturities of not more than 365 days) of any corporation incorporated under the laws of the United States or any state thereof which on the date of acquisition has been rated by each Rating Agency in its highest short-term rating available; provided that such commercial paper shall have a remaining maturity of not more than 30 days; (v) a money market fund or a qualified investment fund rated by each Rating Agency in its highest long-term rating available; and (vi) other obligations or securities that are acceptable to each Rating Agency as a Permitted Investment hereunder and will not reduce the rating assigned to any Class of Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency, as evidenced in writing; provided, however, no instrument shall be a Permitted Investment if it represents, either (1) the right to receive only interest payments with respect to the underlying debt instrument or (2) the right to receive both principal and interest payments derived from obligations underlying such instrument and the principal and interest payments with respect to such instrument provide a yield to maturity greater than 120% of the yield to maturity at par of such underlying obligations. References herein to the highest rating available on unsecured long-term debt shall mean AAA in the case of Standard & Poor's and Fitch and Aaa in the case of Moody's, and references herein to the highest rating available on unsecured commercial paper and short-term debt obligations shall mean A-1 in the case of Standard & Poor's, P-1 in the case of Moody's and either A-1 by Standard & Poor's, P-1 by Moody's or F-1 by Fitch in the case of Fitch. 19 Permitted Transferee: Any Transferee of a Class R Certificate, other than a Disqualified Organization or Non-United States Person. Person: Any individual, corporation, limited liability company, partnership, joint venture, association, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. Pledged Amount: With respect to any Pledged Asset Loan, the amount of money remitted to Combined Collateral LLC, at the direction of or for the benefit of the related Mortgagor. Pledged Asset Loan: Any Mortgage Loan supported by Pledged Assets or such other collateral, other than the related Mortgaged Property, set forth in the Series Supplement. Pledged Assets: With respect to any Mortgage Loan, all money, securities, security entitlements, accounts, general intangibles, payment intangibles, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description pledged by Combined Collateral LLC as security in respect of any Realized Losses in connection with such Mortgage Loan up to the Pledged Amount for such Mortgage Loan, and any related collateral, or such other collateral as may be set forth in the Series Supplement. Pledged Asset Mortgage Servicing Agreement: The Pledged Asset Mortgage Servicing Agreement, dated as of February 28, 1996 between MLCC and the Master Servicer. Pooling and Servicing Agreement or Agreement: With respect to any Series, this Standard Terms together with the related Series Supplement. Pool Stated Principal Balance: As to any Distribution Date, the aggregate of the Stated Principal Balances of each Mortgage Loan. Pool Strip Rate: With respect to each Mortgage Loan, a per annum rate equal to the excess of (a) the Net Mortgage Rate of such Mortgage Loan over (b) the Discount Net Mortgage Rate (but not less than 0.00%) per annum. Prepayment Distribution Trigger: With respect to any Distribution Date and any Class of Subordinate Certificates (other than the Class M-1 Certificates), a test that shall be satisfied if the fraction (expressed as a percentage) equal to the sum of the Certificate Principal Balances of such Class and each Class of Subordinate Certificates with a Lower Priority than such Class immediately prior to such Distribution Date divided by the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) immediately prior to such Distribution Date is greater than or equal to the sum of the related Initial Subordinate Class Percentages of such Classes of Subordinate Certificates. Prepayment Interest Shortfall: As to any Distribution Date and any Mortgage Loan (other than a Mortgage Loan relating to an REO Property) that was the subject of (a) a Principal Prepayment in Full during the portion of the related Prepayment Period that falls during the prior calendar month, an amount equal to the excess of one month's interest at the Net Mortgage Rate (or Modified Net Mortgage Rate in the case of a Modified Mortgage Loan) on the Stated Principal Balance of such Mortgage Loan over the amount of interest 20 (adjusted to the Net Mortgage Rate (or Modified Net Mortgage Rate in the case of a Modified Mortgage Loan)) paid by the Mortgagor for such month to the date of such Principal Prepayment in Full or (b) a Curtailment during the prior calendar month, an amount equal to one month's interest at the Net Mortgage Rate (or Modified Net Mortgage Rate in the case of a Modified Mortgage Loan) on the amount of such Curtailment. Prepayment Period: As to any Distribution Date and Principal Prepayment in Full, the period commencing on the 16th day of the month prior to the month in which that Distribution Date occurs and ending on the 15th day of the month in which such Distribution Date occurs. Primary Insurance Policy: Each primary policy of mortgage guaranty insurance or any replacement policy therefor referred to in Section 2.03(b)(iv) and (v). Principal Only Certificates: A Class of Certificates not entitled to payments of interest, and more specifically designated as such in the Series Supplement. Principal Prepayment: Any payment of principal or other recovery on a Mortgage Loan, including a recovery that takes the form of Liquidation Proceeds or Insurance Proceeds, which is received in advance of its scheduled Due Date and is not accompanied by an amount as to interest representing scheduled interest on such payment due on any date or dates in any month or months subsequent to the month of prepayment. Principal Prepayment in Full: Any Principal Prepayment of the entire principal balance of a Mortgage Loan that is made by the Mortgagor. Program Guide: Collectively, the Client Guide and the Servicer Guide for Residential Funding's Expanded Criteria Mortgage Program. Purchase Price: With respect to any Mortgage Loan (or REO Property) required to be or otherwise purchased on any date pursuant to Section 2.02, 2.03, 2.04 or 4.07, an amount equal to the sum of (i) 100% of the Stated Principal Balance thereof plus the principal portion of any related unreimbursed Advances and (ii) unpaid accrued interest at the Adjusted Mortgage Rate (or Modified Net Mortgage Rate plus the rate per annum at which the Servicing Fee is calculated in the case of a Modified Mortgage Loan) (or at the Net Mortgage Rate (or Modified Net Mortgage Rate in the case of a Modified Mortgage Loan) in the case of a purchase made by the Master Servicer) on the Stated Principal Balance thereof to the Due Date in the Due Period related to the Distribution Date occurring in the month following the month of purchase from the Due Date to which interest was last paid by the Mortgagor. Qualified Substitute Mortgage Loan: A Mortgage Loan substituted by Residential Funding or the Company for a Deleted Mortgage Loan which must, on the date of such substitution, as confirmed in an Officers' Certificate delivered to the Trustee, with a copy to the Custodian, (i) have an outstanding principal balance, after deduction of the principal portion of the monthly payment due in the month of substitution (or in the case of a substitution of more than one Mortgage Loan for a Deleted Mortgage Loan, an aggregate 21 outstanding principal balance, after such deduction), not in excess of the Stated Principal Balance of the Deleted Mortgage Loan (the amount of any shortfall to be deposited by Residential Funding in the Custodial Account in the month of substitution); (ii) have a Mortgage Rate and a Net Mortgage Rate no lower than and not more than 1% per annum higher than the Mortgage Rate and Net Mortgage Rate, respectively, of the Deleted Mortgage Loan as of the date of substitution; (iii) have a Loan-to-Value Ratio at the time of substitution no higher than that of the Deleted Mortgage Loan at the time of substitution; (iv) have a remaining term to stated maturity not greater than (and not more than one year less than) that of the Deleted Mortgage Loan; (v) comply with each representation and warranty set forth in Sections 2.03 and 2.04 hereof and Section 4 of the Assignment Agreement; and (vi) have a Pool Strip Rate equal to or greater than that of the Deleted Mortgage Loan. Notwithstanding any other provisions herein, (x) with respect to any Qualified Substitute Mortgage Loan substituted for a Deleted Mortgage Loan which was a Discount Mortgage Loan, such Qualified Substitute Mortgage Loan shall be deemed to be a Discount Mortgage Loan and to have a Discount Fraction equal to the Discount Fraction of the Deleted Mortgage Loan and (y) in the event that the "Pool Strip Rate" of any Qualified Substitute Mortgage Loan as calculated pursuant to the definition of "Pool Strip Rate" is greater than the Pool Strip Rate of the related Deleted Mortgage Loan (i) the Pool Strip Rate of such Qualified Substitute Mortgage Loan shall be equal to the Pool Strip Rate of the related Deleted Mortgage Loan for purposes of calculating the Pass-Through Rate on the Class A-V Certificates and (ii) the excess of the Pool Strip Rate on such Qualified Substitute Mortgage Loan as calculated pursuant to the definition of "Pool Strip Rate" over the Pool Strip Rate on the related Deleted Mortgage Loan shall be payable to the Class R Certificates pursuant to Section 4.02 hereof. Rating Agency: Each of the statistical credit rating agencies specified in the Preliminary Statement of the Series Supplement. If any 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 and the Master Servicer. Realized Loss: With respect to each Mortgage Loan (or REO Property): (a) as to which a Cash Liquidation or REO Disposition has occurred, an amount (not less than zero) equal to (i) the Stated Principal Balance of the Mortgage Loan (or REO Property) as of the date of Cash Liquidation or REO Disposition, plus (ii) interest (and REO 22 Imputed Interest, if any) at the Net Mortgage Rate from the Due Date as to which interest was last paid or advanced to Certificateholders up to the Due Date in the Due Period related to the Distribution Date on which such Realized Loss will be allocated pursuant to Section 4.05 on the Stated Principal Balance of such Mortgage Loan (or REO Property) outstanding during each Due Period that such interest was not paid or advanced, minus (iii) the proceeds, if any, received during the month in which such Cash Liquidation (or REO Disposition) occurred, to the extent applied as recoveries of interest at the Net Mortgage Rate and to principal of the Mortgage Loan, net of the portion thereof reimbursable to the Master Servicer or any Subservicer with respect to related Advances, Servicing Advances or other expenses as to which the Master Servicer or Subservicer is entitled to reimbursement thereunder but which have not been previously reimbursed, (b) which is the subject of a Servicing Modification, (i) (1) the amount by which the interest portion of a Monthly Payment or the principal balance of such Mortgage Loan was reduced or (2) the sum of any other amounts owing under the Mortgage Loan that were forgiven and that constitute Servicing Advances that are reimbursable to the Master Servicer or a Subservicer, and (ii) any such amount with respect to a Monthly Payment that was or would have been due in the month immediately following the month in which a Principal Prepayment or the Purchase Price of such Mortgage Loan is received or is deemed to have been received, (c) which has become the subject of a Deficient Valuation, the difference between the principal balance of the Mortgage Loan outstanding immediately prior to such Deficient Valuation and the principal balance of the Mortgage Loan as reduced by the Deficient Valuation, or (d) which has become the object of a Debt Service Reduction, the amount of such Debt Service Reduction. Notwithstanding the above, neither a Deficient Valuation nor a Debt Service Reduction shall be deemed a Realized Loss hereunder so long as the Master Servicer has notified the Trustee in writing that the Master Servicer is diligently pursuing any remedies that may exist in connection with the representations and warranties made regarding the related Mortgage Loan and either (A) the related Mortgage Loan is not in default with regard to payments due thereunder or (B) delinquent payments of principal and interest under the related Mortgage Loan and any premiums on any applicable primary hazard insurance policy and any related escrow payments in respect of such Mortgage Loan are being advanced on a current basis by the Master Servicer or a Subservicer, in either case without giving effect to any Debt Service Reduction. To the extent the Master Servicer receives Subsequent Recoveries with respect to any Mortgage Loan, the amount of the Realized Loss with respect to that Mortgage Loan will be reduced to the extent such recoveries are applied to reduce the Certificate Principal Balance of any Class of Certificates on any Distribution Date. 23 Record Date: With respect to each Distribution Date, the close of business on the last Business Day of the month next preceding the month in which the related Distribution Date occurs. Regular Certificate: Any of the Certificates other than a Class R Certificate. REMIC: A "real estate mortgage investment conduit" within the meaning of Section 860D of the Code. REMIC Administrator: Residential Funding Corporation. If Residential Funding Corporation is found by a court of competent jurisdiction to no longer be able to fulfill its obligations as REMIC Administrator under this Agreement the Master Servicer or Trustee acting as Master Servicer shall appoint a successor REMIC Administrator, subject to assumption of the REMIC Administrator obligations under this Agreement. REMIC Provisions: Provisions of the federal income tax law relating to real estate mortgage investment conduits, which appear at Sections 860A through 860G of Subchapter M of Chapter 1 of the Code, and related provisions, and temporary and final regulations (or, to the extent not inconsistent with such temporary or final regulations, proposed regulations) and published rulings, notices and announcements promulgated thereunder, as the foregoing may be in effect from time to time. REO Acquisition: The acquisition by the Master Servicer on behalf of the Trustee for the benefit of the Certificateholders of any REO Property pursuant to Section 3.14. REO Disposition: As to any REO Property, a determination by the Master Servicer that it has received all Insurance Proceeds, Liquidation Proceeds, REO Proceeds and other payments and recoveries (including proceeds of a final sale) which the Master Servicer expects to be finally recoverable from the sale or other disposition of the REO Property. REO Imputed Interest: As to any REO Property, for any period, an amount equivalent to interest (at the Net Mortgage Rate that would have been applicable to the related Mortgage Loan had it been outstanding) on the unpaid principal balance of the Mortgage Loan as of the date of acquisition thereof for such period. REO Proceeds: Proceeds, net of expenses, received in respect of any REO Property (including, without limitation, proceeds from the rental of the related Mortgaged Property or, with respect to a Cooperative Loan, the related Cooperative Apartment) which proceeds are required to be deposited into the Custodial Account only upon the related REO Disposition. REO Property: A Mortgaged Property acquired by the Master Servicer through foreclosure or deed in lieu of foreclosure in connection with a defaulted Mortgage Loan. Reportable Modified Mortgage Loan: Any Mortgage Loan that (i) has been subject to an interest rate reduction, (ii) has been subject to a term extension or (iii) has had amounts owing on such Mortgage Loan capitalized by adding such amount to the Stated Principal Balance of such Mortgage Loan; provided, however, that a Mortgage Loan modified in accordance with clause (i) above for a temporary period shall not be a Reportable Modified Mortgage Loan if such 24 Mortgage Loan has not been delinquent in payments of principal and interest for six months since the date of such modification if that interest rate reduction is not made permanent thereafter. Request for Release: A request for release, the forms of which are attached as Exhibit F hereto, or an electronic request in a form acceptable to the Custodian. Required Insurance Policy: With respect to any Mortgage Loan, any insurance policy which is required to be maintained from time to time under this Agreement, the Program Guide or the related Subservicing Agreement in respect of such Mortgage Loan. Required Surety Payment: With respect to any Additional Collateral Loan that 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 over (b) the net proceeds realized by the Subservicer from the related Additional Collateral. Residential Funding: Residential Funding Corporation, a Delaware corporation, in its capacity as seller of the Mortgage Loans to the Company and any successor thereto. Responsible Officer: When used with respect to the Trustee, any officer of the Corporate Trust Department of the Trustee, including any Senior Vice President, any Vice President, any Assistant Vice President, any Assistant Secretary, any Trust Officer or Assistant Trust Officer with particular responsibility for this transaction, or any other officer of the Trustee customarily performing functions similar to those performed by any of the above designated officers to whom, with respect to a particular matter, such matter is referred. Retail Certificates: A Senior Certificate, if any, offered in smaller minimum denominations than other Senior Certificates, and designated as such in the Series Supplement. Schedule of Discount Fractions: The schedule setting forth the Discount Fractions with respect to the Discount Mortgage Loans, attached as an exhibit to the Series Supplement. Security Agreement: With respect to a Cooperative Loan, the agreement creating a security interest in favor of the originator in the related Cooperative Stock. Seller: As to any Mortgage Loan, a Person, including any Subservicer, that executed a Seller's Agreement applicable to such Mortgage Loan. Seller's Agreement: An agreement for the origination and sale of Mortgage Loans generally in the form of the Seller Contract referred to or contained in the Program Guide, or in such other form as has been approved by the Master Servicer and the Company, each containing representations and warranties in respect of one or more Mortgage Loans consistent in all material respects with those set forth in the Program Guide. Senior Accelerated Distribution Percentage: With respect to any Distribution Date occurring on or prior to the 60th Distribution Date and, with 25 respect to any Mortgage Pool comprised of two or more Loan Groups, any Loan Group, 100%. With respect to any Distribution Date thereafter and any such Loan Group, if applicable, as follows: (i) for any Distribution Date after the 60th Distribution Date but on or prior to the 72nd Distribution Date, the related Senior Percentage for such Distribution Date plus 70% of the related Subordinate Percentage for such Distribution Date; (ii) for any Distribution Date after the 72nd Distribution Date but on or prior to the 84th Distribution Date, the related Senior Percentage for such Distribution Date plus 60% of the related Subordinate Percentage for such Distribution Date; (iii) for any Distribution Date after the 84th Distribution Date but on or prior to the 96th Distribution Date, the related Senior Percentage for such Distribution Date plus 40% of the related Subordinate Percentage for such Distribution Date; (iv) for any Distribution Date after the 96th Distribution Date but on or prior to the 108th Distribution Date, the related Senior Percentage for such Distribution Date plus 20% of the related Subordinate Percentage for such Distribution Date; and (v) for any Distribution Date thereafter, the Senior Percentage for such Distribution Date; provided, however, -------- ------- (i) that any scheduled reduction to the Senior Accelerated Distribution Percentage described above shall not occur as of any Distribution Date unless either (a)(1)(X) the outstanding principal balance of the Mortgage Loans delinquent 60 days or more averaged over the last six months, as a percentage of the aggregate outstanding Certificate Principal Balance of the Subordinate Certificates, is less than 50% or (Y) the outstanding principal balance of Mortgage Loans delinquent 60 days or more averaged over the last six months, as a percentage of the aggregate outstanding principal balance of all Mortgage Loans averaged over the last six months, does not exceed 2% and (2) Realized Losses on the Mortgage Loans to date for such Distribution Date if occurring during the sixth, seventh, eighth, ninth or tenth year (or any year thereafter) after the Closing Date are less than 30%, 35%, 40%, 45% or 50%, respectively, of the sum of the Initial Certificate Principal Balances of the Subordinate Certificates or (b)(1) the outstanding principal balance of Mortgage Loans delinquent 60 days or more averaged over the last six months, as a percentage of the aggregate outstanding principal balance of all Mortgage Loans averaged over the last six months, does not exceed 4% and (2) Realized Losses on the Mortgage Loans to date for such Distribution Date, if occurring during the sixth, seventh, eighth, ninth or tenth year (or any year thereafter) after the Closing Date are less than 10%, 15%, 20%, 25% or 30%, respectively, of the sum of the Initial Certificate Principal Balances of the Subordinate Certificates, and 26 (ii) that for any Distribution Date on which the Senior Percentage is greater than the Senior Percentage as of the Closing Date, the Senior Accelerated Distribution Percentage for such Distribution Date shall be 100%, or, if the Mortgage Pool is comprised of two or more Loan Groups, for any Distribution Date on which the weighted average of the Senior Percentages for each Loan Group, weighted on the basis of the Stated Principal Balances of the Mortgage Loans in the related Loan Group, exceeds the weighted average of the initial Senior Percentages (calculated on such basis) for each Loan Group, each of the Senior Accelerated Distribution Percentages for such Distribution Date will equal 100%. Notwithstanding the foregoing, upon the reduction of the Certificate Principal Balances of the related Senior Certificates (other than the Class A-P Certificates, if any) to zero, the related Senior Accelerated Distribution Percentage shall thereafter be 0%. Senior Certificate: As defined in the Series Supplement. ------------------ Senior Percentage: As defined in the Series Supplement. ----------------- Senior Support Certificate: A Senior Certificate that provides additional credit enhancement to certain other classes of Senior Certificates and designated as such in the Preliminary Statement of the Series Supplement. Series: All of the Certificates issued pursuant to a Pooling and Servicing Agreement and bearing the same series designation. Series Supplement: The agreement into which this Standard Terms is incorporated and pursuant to which, together with this Standard Terms, a Series of Certificates is issued. Servicing Accounts: The account or accounts created and maintained pursuant to Section 3.08. Servicing Advances: All customary, reasonable and necessary "out of pocket" costs and expenses incurred in connection with a default, delinquency or other unanticipated event by the Master Servicer or a Subservicer in the performance of its servicing obligations, including, but not limited to, the cost of (i) the preservation, restoration and protection of a Mortgaged Property or, with respect to a Cooperative Loan, the related Cooperative Apartment, (ii) any enforcement or judicial proceedings, including foreclosures, including any expenses incurred in relation to any such proceedings that result from the Mortgage Loan being registered on the MERS System, (iii) the management and liquidation of any REO Property, (iv) any mitigation procedures implemented in accordance with Section 3.07, and (v) compliance with the obligations under Sections 3.01, 3.08, 3.11, 3.12(a) and 3.14, including, if the Master Servicer or any Affiliate of the Master Servicer provides services such as appraisals and brokerage services that are customarily provided by Persons other than servicers of mortgage loans, reasonable compensation for such services. Servicing Fee: With respect to any Mortgage Loan and Distribution Date, the fee payable monthly to the Master Servicer in respect of master servicing compensation that accrues at an annual rate designated on the Mortgage Loan Schedule as the "MSTR SERV FEE" for such Mortgage Loan, as may be adjusted with respect to successor Master Servicers as provided in Section 7.02. 27 Servicing Modification: Any reduction of the interest rate on or the outstanding principal balance of a Mortgage Loan, any extension of the final maturity date of a Mortgage Loan, and any increase to the outstanding principal balance of a Mortgage Loan by adding to the Stated Principal Balance unpaid principal and interest and other amounts owing under the Mortgage Loan, in each case pursuant to a modification of a Mortgage Loan that is in default, or for which, in the judgment of the Master Servicer, default is reasonably foreseeable in accordance with Section 3.07(a). Servicing Officer: Any officer of the Master Servicer involved in, or responsible for, the administration and servicing of the Mortgage Loans whose name and specimen signature appear on a list of servicing officers furnished to the Trustee by the Master Servicer, as such list may from time to time be amended. Special Hazard Loss: Any Realized Loss not in excess of the cost of the lesser of repair or replacement of a Mortgaged Property (or, with respect to a Cooperative Loan, the related Cooperative Apartment) suffered by such Mortgaged Property (or Cooperative Apartment) on account of direct physical loss, exclusive of (i) any loss of a type covered by a hazard policy or a flood insurance policy required to be maintained in respect of such Mortgaged Property pursuant to Section 3.12(a), except to the extent of the portion of such loss not covered as a result of any coinsurance provision and (ii) any Extraordinary Loss. Standard & Poor's: Standard & Poor's Ratings Services, a division of The McGraw-Hill Companies, Inc., or its successor in interest. Stated Principal Balance: With respect to any Mortgage Loan or related REO Property, at any given time, (i) the sum of (a) the Cut-off Date Principal Balance of the Mortgage Loan plus (b) any amount by which the Stated Principal Balance of the Mortgage Loan has been increased pursuant to a Servicing Modification, minus (ii) the sum of (a) the principal portion of the Monthly Payments due with respect to such Mortgage Loan or REO Property during each Due Period ending prior to the most recent Distribution Date which were received or with respect to which an Advance was made, and (b) all Principal Prepayments with respect to such Mortgage Loan or REO Property, and all Insurance Proceeds, Liquidation Proceeds and REO Proceeds, to the extent applied by the Master Servicer as recoveries of principal in accordance with Section 3.14 with respect to such Mortgage Loan or REO Property, in each case which were distributed pursuant to Section 4.02 on any previous Distribution Date, and (c) any Realized Loss allocated to Certificateholders with respect thereto for any previous Distribution Date. Subclass: With respect to the Class A-V Certificates, any Subclass thereof issued pursuant to Section 5.01(c). Any such Subclass will represent the Uncertificated Class A-V REMIC Regular Interest or Interests specified by the initial Holder of the Class A-V Certificates pursuant to Section 5.01(c). 28 Subordinate Certificate: Any one of the Class M Certificates or Class B Certificates, executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit B and Exhibit C, respectively. Subordinate Class Percentage: With respect to any Distribution Date and any Class of Subordinate Certificates, a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of such Class of Subordinate Certificates immediately prior to such date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) (other than the related Discount Fraction of each Discount Mortgage Loan) immediately prior to such Distribution Date. Subordinate Percentage: As of any Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, any Loan Group, 100% minus the related Senior Percentage as of such Distribution Date. Subsequent Recoveries: As of any Distribution Date, amounts received by the Master Servicer (net of any related expenses permitted to be reimbursed pursuant to Section 3.10) or surplus amounts held by the Master Servicer to cover estimated expenses (including, but not limited to, recoveries in respect of the representations and warranties made by the related Seller pursuant to the applicable Seller's Agreement and assigned to the Trustee pursuant to Section 2.04) specifically related to a Mortgage Loan that was the subject of a Cash Liquidation or an REO Disposition prior to the related Prepayment Period that resulted in a Realized Loss. Subserviced Mortgage Loan: Any Mortgage Loan that, at the time of reference thereto, is subject to a Subservicing Agreement. Subservicer: Any Person with whom the Master Servicer has entered into a Subservicing Agreement and who generally satisfied the requirements set forth in the Program Guide in respect of the qualification of a Subservicer as of the date of its approval as a Subservicer by the Master Servicer. Subservicer Advance: Any delinquent installment of principal and interest on a Mortgage Loan which is advanced by the related Subservicer (net of its Subservicing Fee) pursuant to the Subservicing Agreement. Subservicing Account: An account established by a Subservicer in accordance with Section 3.08. Subservicing Agreement: The written contract between the Master Servicer and any Subservicer relating to servicing and administration of certain Mortgage Loans as provided in Section 3.02, generally in the form of the servicer contract referred to or contained in the Program Guide or in such other form as has been approved by the Master Servicer and the Company. With respect to Additional Collateral Loans subserviced by MLCC, the Subservicing Agreement shall also include the Addendum and Assignment Agreement and the Pledged Asset Mortgage Servicing Agreement. With respect to any Pledged Asset Loan subserviced by GMAC Mortgage Corporation, the Addendum and Assignment Agreement, dated as of November 24, 1998, between the Master Servicer and GMAC Mortgage Corporation, as such agreement may be amended from time to time. 29 Subservicing Fee: As to any Mortgage Loan, the fee payable monthly to the related Subservicer (or, in the case of a Nonsubserviced Mortgage Loan, to the Master Servicer) in respect of subservicing and other compensation that accrues at an annual rate equal to the excess of the Mortgage Rate borne by the related Mortgage Note over the rate per annum designated on the Mortgage Loan Schedule as the "CURR NET" for such Mortgage Loan. Surety: Ambac, or its successors in interest, or such other surety as may be identified in the Series Supplement. Surety Bond: The Limited Purpose Surety Bond (Policy No. AB0039BE), dated February 28, 1996 in respect to Mortgage Loans originated by MLCC, or the Surety Bond (Policy No. AB0240BE), dated March 17, 1999 in respect to Mortgage Loans originated by Novus Financial Corporation, in each case issued by Ambac for the benefit of certain beneficiaries, including the Trustee for the benefit of the Holders of the Certificates, but only to the extent that such Surety Bond covers any Additional Collateral Loans, or such other Surety Bond as may be identified in the Series Supplement. Tax Returns: The federal income tax return on Internal Revenue Service Form 1066, U.S. Real Estate Mortgage Investment Conduit Income Tax Return, including Schedule Q thereto, Quarterly Notice to Residual Interest Holders of REMIC Taxable Income or Net Loss Allocation, or any successor forms, to be filed on behalf of any REMIC formed under the Series Supplement and under the REMIC Provisions, together with any and all other information, reports or returns that may be required to be furnished to the Certificateholders or filed with the Internal Revenue Service or any other governmental taxing authority under any applicable provisions of federal, state or local tax laws. Transfer: Any direct or indirect transfer, sale, pledge, hypothecation or other form of assignment of any Ownership Interest in a Certificate. Transferee: Any Person who is acquiring by Transfer any Ownership Interest in a Certificate. Transferor: Any Person who is disposing by Transfer of any Ownership Interest in a Certificate. Trust Fund: The segregated pool of assets related to a Series, with respect to which one or more REMIC elections are to be made pursuant to this Agreement, consisting of: (i) the Mortgage Loans and the related Mortgage Files and collateral securing such Mortgage Loans, (ii) all payments on and collections in respect of the Mortgage Loans due after the Cut-off Date as shall be on deposit in the Custodial Account or in the Certificate Account and identified as belonging to the Trust Fund, including the proceeds from the liquidation of Additional Collateral for any Additional Collateral Loan or Pledged Assets for any Pledged Asset Loan, but not including amounts on deposit in the Initial Monthly Payment Fund, 30 (iii) property that secured a Mortgage Loan and that has been acquired for the benefit of the Certificateholders by foreclosure or deed in lieu of foreclosure, (iv) the hazard insurance policies and Primary Insurance Policies, if any, the Pledged Assets with respect to each Pledged Asset Loan, and the interest in the Surety Bond transferred to the Trustee pursuant to Section 2.01, and (v) all proceeds of clauses (i) through (iv) above. Uniform Single Attestation Program for Mortgage Bankers: The Uniform Single Attestation Program for Mortgage Bankers, as published by the Mortgage Bankers Association of America and effective with respect to fiscal periods ending on or after December 15, 1995. Uninsured Cause: Any cause of damage to property subject to a Mortgage such that the complete restoration of such property is not fully reimbursable by the hazard insurance policies. United States Person or U.S. Person: (i) A citizen or resident of the United States, (ii) a corporation, partnership or other entity treated as a corporation or partnership for United States federal income tax purposes organized in or under the laws of the United States or any state thereof or the District of Columbia (unless, in the case of a partnership, Treasury regulations provide otherwise), provided that, for purposes solely of the restrictions on the transfer of residual interests, no partnership or other entity treated as a partnership for United States federal income tax purposes shall be treated as a United States Person or U.S. Person unless all persons that own an interest in such partnership either directly or indirectly through any chain of entities no one of which is a corporation for United States federal income tax purposes are required by the applicable operating agreement to be United States Persons, (iii) an estate the income of which is includible in gross income for United States tax purposes, regardless of its source, or (iv) a trust if a court within the United States is able to exercise primary supervision over the administration of the trust and one or more United States persons have authority to control all substantial decisions of the trust. Notwithstanding the preceding sentence, to the extent provided in Treasury regulations, certain Trusts in existence on August 20, 1996, and treated as United States persons prior to such date, that elect to continue to be treated as United States persons will also be a U.S. Person. Voting Rights: The portion of the voting rights of all of the Certificates which is allocated to any Certificate, and more specifically designated in Article XI of the Series Supplement. Section 1.02. Use of Words and Phrases. "Herein," "hereby," "hereunder," `hereof," "hereinbefore," "hereinafter" and other equivalent words refer to the Pooling and Servicing Agreement as a whole. All references herein to Articles, Sections or Subsections shall mean the corresponding Articles, Sections and Subsections in the Pooling and Servicing Agreement. The definition set forth herein include both the singular and the plural. 31 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 hereof, does hereby assign to the Trustee without recourse all the right, title and interest of the Company in and to the Mortgage Loans, including all interest and principal received on or with respect to the Mortgage Loans after the Cut-off Date (other than payments of principal and interest due on the Mortgage Loans in the month of the Cut-off Date). In connection with such transfer and assignment, the Company does hereby deliver to the Trustee the Certificate Policy (as defined in the Series Supplement), if any. (b) In connection with such assignment, except as set forth in Section 2.01(c) and subject to Section 2.01(d) below, the Company does hereby deliver to, and deposit with, the Trustee, or to and with one or more Custodians, as the duly appointed agent or agents of the Trustee for such purpose, the following documents or instruments (or copies thereof as permitted by this Section) (I) with respect to each Mortgage Loan so assigned (other than a Cooperative Loan): (i) The original Mortgage Note, endorsed without recourse to the order of the Trustee, and showing an unbroken chain of endorsements from the originator thereof to the Person endorsing it to the Trustee, or with respect to any Destroyed Mortgage Note, an original lost note affidavit from the related Seller or Residential Funding stating that the original Mortgage Note was lost, misplaced or destroyed, together with a copy of the related Mortgage Note; (ii) The original Mortgage, noting the presence of the MIN of the Mortgage Loan and language indicating that the Mortgage Loan is a MOM Loan if the Mortgage Loan is a MOM Loan, with evidence of recording indicated thereon or a copy of the Mortgage with evidence of recording indicated thereon; (iii) Unless the Mortgage Loan is registered on the MERS(R) System, an original Assignment of the Mortgage to the Trustee with evidence of recording indicated thereon or a copy of such assignment with evidence of recording indicated thereon; (iv) The original recorded assignment or assignments of the Mortgage showing an unbroken chain of title from the originator thereof to the Person assigning it to the Trustee (or to MERS, if the Mortgage Loan is registered on the MERS(R) System and noting the presence of a MIN) with evidence of recordation noted thereon or attached thereto, or a copy of such assignment or assignments of the Mortgage with evidence of recording indicated thereon; and (v) The original of each modification, assumption agreement or preferred loan agreement, if any, relating to such Mortgage Loan or a copy of each modification, assumption agreement or preferred loan agreement. 32 and (II) with respect to each Cooperative Loan so assigned: (i) The original Mortgage Note, endorsed without recourse to the order of the Trustee and showing an unbroken chain of endorsements from the originator thereof to the Person endorsing it to the Trustee, or with respect to any Destroyed Mortgage Note, an original lost note affidavit from the related Seller or Residential Funding stating that the original Mortgage Note was lost, misplaced or destroyed, together with a copy of the related Mortgage Note; (ii) A counterpart of the Cooperative Lease and the Assignment of Proprietary Lease to the originator of the Cooperative Loan with intervening assignments showing an unbroken chain of title from such originator to the Trustee; (iii) The related Cooperative Stock Certificate, representing the related Cooperative Stock pledged with respect to such Cooperative Loan, together with an undated stock power (or other similar instrument) executed in blank; (iv) The original recognition agreement by the Cooperative of the interests of the mortgagee with respect to the related Cooperative Loan; (v) The Security Agreement; (vi) Copies of the original UCC-1 financing statement, and any continuation statements, filed by the originator of such Cooperative Loan as secured party, each with evidence of recording thereof, evidencing the interest of the originator under the Security Agreement and the Assignment of Proprietary Lease; (vii) Copies of the filed UCC-3 assignments of the security interest referenced in clause (vi) above showing an unbroken chain of title from the originator to the Trustee, each with evidence of recording thereof, evidencing the interest of the originator under the Security Agreement and the Assignment of Proprietary Lease; (viii) An executed assignment of the interest of the originator in the Security Agreement, Assignment of Proprietary Lease and the recognition agreement referenced in clause (iv) above, showing an unbroken chain of title from the originator to the Trustee; (ix) The original of each modification, assumption agreement or preferred loan agreement, if any, relating to such Cooperative Loan; and (x) A duly completed UCC-1 financing statement showing the Master Servicer as debtor, the Company as secured party and the Trustee as assignee and a duly completed UCC-1 financing statement showing the Company as debtor and the Trustee as secured party, each in a form sufficient for filing, evidencing the interest of such debtors in the Cooperative Loans. (c) The Company may, in lieu of delivering the original of the documents set forth in Section 2.01(b)(I)(ii), (iii), (iv) and (v) and Section (b)(II)(ii), (iv), (vii), (ix) and (x) (or copies thereof as permitted 33 by Section 2.01(b)) to the Trustee or the Custodian or Custodians, deliver such documents to the Master Servicer, and the Master Servicer shall hold such documents in trust for the use and benefit of all present and future Certificateholders until such time as is set forth in the next sentence. Within thirty Business Days following the earlier of (i) the receipt of the original of all of the documents or instruments set forth in Section 2.01(b)(I)(ii), (iii), (iv) and (v) and Section (b)(II)(ii), (iv), (vii), (ix) and (x) (or copies thereof as permitted by such Section) for any Mortgage Loan and (ii) a written request by the Trustee to deliver those documents with respect to any or all of the Mortgage Loans then being held by the Master Servicer, the Master Servicer shall deliver a complete set of such documents to the Trustee or the Custodian or Custodians that are the duly appointed agent or agents of the Trustee. (d) Notwithstanding the provisions of Section 2.01(c), in connection with any Mortgage Loan, if the Company cannot deliver the original of the Mortgage, any assignment, modification, assumption agreement or preferred loan agreement (or copy thereof as permitted by Section 2.01(b)) with evidence of recording thereon concurrently with the execution and delivery of this Agreement because of (i) a delay caused by the public recording office where such Mortgage, assignment, modification, assumption agreement or preferred loan agreement as the case may be, has been delivered for recordation, or (ii) a delay in the receipt of certain information necessary to prepare the related assignments, the Company shall deliver or cause to be delivered to the Trustee or the respective Custodian a copy of such Mortgage, assignment, modification, assumption agreement or preferred loan agreement. The Company shall promptly cause to be recorded in the appropriate public office for real property records the Assignment referred to in clause (I)(iii) of Section 2.01(b), except (a) in states where, in the opinion of counsel acceptable to the Trustee and the Master Servicer, such recording is not required to protect the Trustee's interests in the Mortgage Loan against the claim of any subsequent transferee or any successor to or creditor of the Company or the originator of such Mortgage Loan or (b) if MERS is identified on the Mortgage or on a properly recorded assignment of the Mortgage as the mortgagee of record solely as nominee for the Seller and its successors and assigns, and shall promptly cause to be filed the Form UCC-3 assignment and UCC-1 financing statement referred to in clause (II)(vii) and (x), respectively, of Section 2.01(b). If any Assignment, Form UCC-3 or Form UCC-1, as applicable, is lost or returned unrecorded to the Company because of any defect therein, the Company shall prepare a substitute Assignment, Form UCC-3 or Form UCC-1, as applicable, or cure such defect, as the case may be, and cause such Assignment to be recorded in accordance with this paragraph. The Company shall promptly deliver or cause to be delivered to the Trustee or the respective Custodian such Mortgage or Assignment or Form UCC-3 or Form UCC-1, as applicable, (or copy thereof as permitted by Section 2.01(b)) with evidence of recording indicated thereon at the time specified in Section 2.01(c). In connection with its servicing of Cooperative Loans, the Master Servicer will use its best efforts to file timely continuation statements with regard to each financing statement and assignment relating to Cooperative Loans as to which the related Cooperative Apartment is located outside of the State of New York. If the Company delivers to the Trustee or Custodian any Mortgage Note or Assignment of Mortgage in blank, the Company shall, or shall cause the Custodian to, complete the endorsement of the Mortgage Note and the Assignment of Mortgage 34 in the name of the Trustee in conjunction with the Interim Certification issued by the Custodian, as contemplated by Section 2.02. Any of the items set forth in Sections 2.01(b)(I)(ii), (iii), (iv) and (v) and (II)(vi) and (vii) and that may be delivered as a copy rather than the original may be delivered to the Trustee or the Custodian. In connection with the assignment of any Mortgage Loan registered on the MERS(R) System, the Company further agrees that it will cause, at the Company's own expense, within 30 Business Days after the Closing Date, the MERS(R) System to indicate that such Mortgage Loans have been assigned by the Company to the Trustee in accordance with this Agreement for the benefit of the Certificateholders by including (or deleting, in the case of Mortgage Loans which are repurchased in accordance with this Agreement) in such computer files (a) the code in the field which identifies the specific Trustee and (b) the code in the field "Pool Field" which identifies the series of the Certificates issued in connection with such Mortgage Loans. The Company further agrees that it will not, and will not permit the Master Servicer to, and the Master Servicer agrees that it will not, alter the codes referenced in this paragraph with respect to any Mortgage Loan during the term of this Agreement unless and until such Mortgage Loan is repurchased in accordance with the terms of this Agreement. (e) Residential Funding hereby assigns to the Trustee its security interest in and to any Additional Collateral or Pledged Assets, its right to receive amounts due or to become due in respect of any Additional Collateral or Pledged Assets pursuant to the related Subservicing Agreement and its rights as beneficiary under the Surety Bond in respect of any Additional Collateral Loans. With respect to any Additional Collateral Loan or Pledged Asset Loan, Residential Funding shall cause to be filed in the appropriate recording office a UCC-3 statement giving notice of the assignment of the related security interest to the Trust Fund and shall thereafter cause the timely filing of all necessary continuation statements with regard to such financing statements. (f) It is intended that the conveyance by the Company to the Trustee of the Mortgage Loans as provided for in this Section 2.01 be and the Uncertificated REMIC Regular Interests, if any (as provided for in Section 2.06), be construed as a sale by the Company to the Trustee of the Mortgage Loans and any Uncertificated REMIC Regular Interests for the benefit of the Certificateholders. Further, it is not intended that such conveyance be deemed to be a pledge of the Mortgage Loans and any Uncertificated REMIC Regular Interests by the Company to the Trustee to secure a debt or other obligation of the Company. Nonetheless, (a) this Agreement is intended to be and hereby is a security agreement within the meaning of Articles 8 and 9 of the New York Uniform Commercial Code and the Uniform Commercial Code of any other applicable jurisdiction; (b) the conveyance provided for in Section 2.01 shall be deemed to be, and hereby is, (1) a grant by the Company to the Trustee of a security interest in all of the Company's right (including the power to convey title thereto), title and interest, whether now owned or hereafter acquired, in and to any and all general intangibles, payment intangibles, accounts, chattel paper, instruments, documents, money, deposit accounts, certificates of deposit, goods, letters of credit, advices of credit and investment property and other property of whatever kind or description now existing or hereafter acquired consisting of, arising from or relating to any of the following: (A) the Mortgage Loans, 35 including (i) with respect to each Cooperative Loan, the related Mortgage Note, Security Agreement, Assignment of Proprietary Lease, Cooperative Stock Certificate and Cooperative Lease, (ii) with respect to each Mortgage Loan other than a Cooperative Loan, the related Mortgage Note and Mortgage, and (iii) any insurance policies and all other documents in the related Mortgage File, (B) all amounts payable pursuant to the Mortgage Loans in accordance with the terms thereof, (C) any Uncertificated REMIC Regular Interests and (D) all proceeds of the conversion, voluntary or involuntary, of the foregoing into cash, instruments, securities or other property, including without limitation all amounts from time to time held or invested in the Certificate Account or the Custodial Account, whether in the form of cash, instruments, securities or other property and (2) an assignment by the Company to the Trustee of any security interest in any and all of Residential Funding's right (including the power to convey title thereto), title and interest, whether now owned or hereafter acquired, in and to the property described in the foregoing clauses (1)(A), (B), (C) and (D) granted by Residential Funding to the Company pursuant to the Assignment Agreement; (c) the possession by the Trustee, the Custodian or any other agent of the Trustee of Mortgage Notes or such other items of property as constitute instruments, money, payment intangibles, negotiable documents, goods, deposit accounts, letters of credit, advices of credit, investment property, certificated securities or chattel paper shall be deemed to be "possession by the secured party," or possession by a purchaser or a person designated by such secured party, for purposes of perfecting the security interest pursuant to the Minnesota Uniform Commercial Code and the Uniform Commercial Code of any other applicable jurisdiction as in effect (including, without limitation, Sections 8-106, 9-313 and 9-106 thereof); and (d) notifications to persons holding such property, and acknowledgments, receipts or confirmations from persons holding such property, shall be deemed notifications to, or acknowledgments, receipts or confirmations from, securities intermediaries, bailees or agents of, or persons holding for (as applicable) the Trustee for the purpose of perfecting such security interest under applicable law. The Company and, at the Company's direction, Residential Funding and the Trustee shall, to the extent consistent with this Agreement, take such reasonable actions as may be necessary to ensure that, if this Agreement were determined to create a security interest in the Mortgage Loans, any Uncertificated REMIC Regular Interests and the other property described above, such security interest would be determined to be a perfected security interest of first priority under applicable law and will be maintained as such throughout the term of this Agreement. Without limiting the generality of the foregoing, the Company shall prepare and deliver to the Trustee not less than 15 days prior to any filing date and, the Trustee shall forward for filing, or shall cause to be forwarded for filing, at the expense of the Company, all filings necessary to maintain the effectiveness of any original filings necessary under the Uniform Commercial Code as in effect in any jurisdiction to perfect the Trustee's security interest in or lien on the Mortgage Loans and any Uncertificated REMIC Regular Interests, as evidenced by an Officers' Certificate of the Company, including without limitation (x) continuation statements, and (y) such other statements as may be occasioned by (1) any change of name of Residential Funding, the Company or the Trustee (such preparation and filing shall be at the expense of the Trustee, if occasioned by a change in the Trustee's name), (2) any change of location of the place of business or the chief executive office of Residential Funding or the Company, (3) any transfer of any interest of Residential Funding or the Company in any Mortgage Loan or (4) any transfer of any interest of Residential Funding or the Company in any Uncertificated REMIC Regular Interest. 36 (g) The Master Servicer hereby acknowledges the receipt by it of the Initial Monthly Payment Fund. The Master Servicer shall hold such Initial Monthly Payment Fund in the Custodial Account and shall include such Initial Monthly Payment Fund in the Available Distribution Amount for the initial Distribution Date. Notwithstanding anything herein to the contrary, the Initial Monthly Payment Fund shall not be an asset of any REMIC. To the extent that the Initial Monthly Payment Fund constitutes a reserve fund for federal income tax purposes, (1) it shall be an outside reserve fund and not an asset of any REMIC, (2) it shall be owned by the Seller and (3) amounts transferred by any REMIC to the Initial Monthly Payment Fund shall be treated as transferred to the Seller or any successor, all within the meaning of Section 1.860G-2(h) of the Treasury Regulations. (h) The Company agrees that the sale of each Pledged Asset Loan pursuant to this Agreement will also constitute the assignment, sale, setting-over, transfer and conveyance to the Trustee, without recourse (but subject to the Company's covenants, representations and warranties specifically provided herein), of all of the Company's obligations and all of the Company's right, title and interest in, to and under, whether now existing or hereafter acquired as owner of the Mortgage Loan with respect to any and all money, securities, security entitlements, accounts, general intangibles, payment intangibles, instruments, documents, deposit accounts, certificates of deposit, commodities contracts, and other investment property and other property of whatever kind or description consisting of, arising from or related to (i) the Assigned Contracts, (ii) all rights, powers and remedies of the Company as owner of such Mortgage Loan under or in connection with the Assigned Contracts, whether arising under the terms of such Assigned Contracts, by statute, at law or in equity, or otherwise arising out of any default by the Mortgagor under or in connection with the Assigned Contracts, including all rights to exercise any election or option or to make any decision or determination or to give or receive any notice, consent, approval or waiver thereunder, (iii) the Pledged Amounts and all money, securities, security entitlements, accounts, general intangibles, payment intangibles, instruments, documents, deposit accounts, certificates of deposit, commodities contracts, and other investment property and other property of whatever kind or description and all cash and non-cash proceeds of the sale, exchange, or redemption of, and all stock or conversion rights, rights to subscribe, liquidation dividends or preferences, stock dividends, rights to interest, dividends, earnings, income, rents, issues, profits, interest payments or other distributions of cash or other property that secures a Pledged Asset Loan, (iv) all documents, books and records concerning the foregoing (including all computer programs, tapes, disks and related items containing any such information) and (v) all insurance proceeds (including proceeds from the Federal Deposit Insurance Corporation or the Securities Investor Protection Corporation or any other insurance company) of any of the foregoing or replacements thereof or substitutions therefor, proceeds of proceeds and the conversion, voluntary or involuntary, of any thereof. The foregoing transfer, sale, assignment and conveyance does not constitute and is not intended to result in the creation, or an assumption by the Trustee, of any obligation of the Company, or any other person in connection with the Pledged Assets or under any agreement or instrument relating thereto, including any obligation to the Mortgagor, other than as owner of the Mortgage Loan. Section 2.02. Acceptance by Trustee. --------------------- The Trustee acknowledges receipt (or, with respect to Mortgage Loans subject to a Custodial Agreement, and based solely upon a receipt or certification executed by the Custodian, receipt by the respective Custodian as the duly appointed agent of the Trustee) of the documents referred to in Section 37 2.01(b)(i) above (except that for purposes of such acknowledgement only, a Mortgage Note may be endorsed in blank) and declares that it, or a Custodian as its agent, holds and will hold such documents and the other documents constituting a part of the Mortgage Files delivered to it, or a Custodian as its agent, and the rights of Residential Funding with respect to any Pledged Assets, Additional Collateral and the Surety Bond assigned to the Trustee pursuant to Section 2.01, in trust for the use and benefit of all present and future Certificateholders. The Trustee or Custodian (such Custodian being so obligated under a Custodial Agreement) agrees, for the benefit of Certificateholders, to review each Mortgage File delivered to it pursuant to Section 2.01(b) within 45 days after the Closing Date to ascertain that all required documents (specifically as set forth in Section 2.01(b)), have been executed and received, and that such documents relate to the Mortgage Loans identified on the Mortgage Loan Schedule, as supplemented, that have been conveyed to it, and to deliver to the Trustee a certificate (the "Interim Certification") to the effect that all documents required to be delivered pursuant to Section 2.01(b) above have been executed and received and that such documents relate to the Mortgage Loans identified on the Mortgage Loan Schedule, except for any exceptions listed on Schedule A attached to such Interim Certification. Upon delivery of the Mortgage Files by the Company or the Master Servicer, the Trustee shall acknowledge receipt (or, with respect to Mortgage Loans subject to a Custodial Agreement, and based solely upon a receipt or certification executed by the Custodian, receipt by the respective Custodian as the duly appointed agent of the Trustee) of the documents referred to in Section 2.01(c) above. If the Custodian, as the Trustee's agent, finds any document or documents constituting a part of a Mortgage File to be missing or defective, the Trustee shall promptly so notify the Master Servicer and the Company. Pursuant to Section 2.3 of the Custodial Agreement, the Custodian will notify the Master Servicer, the Company and the Trustee of any such omission or defect found by it in respect of any Mortgage File held by it in respect of the items reviewed by it pursuant to the Custodial Agreement. If such omission or defect materially and adversely affects the interests of the Certificateholders, the Master Servicer shall promptly notify the related Subservicer or Seller of such omission or defect and request that such Subservicer or Seller correct or cure such omission or defect within 60 days from the date the Master Servicer was notified of such omission or defect and, if such Subservicer or Seller does not correct or cure such omission or defect within such period, that such Subservicer or Seller purchase such Mortgage Loan from the Trust Fund at its Purchase Price, in either case within 90 days from the date the Master Servicer was notified of such omission or defect; provided that if the omission or defect would cause the Mortgage Loan to be other than a "qualified mortgage" as defined in Section 860G(a)(3) of the Code, any such cure or repurchase must occur within 90 days from the date such breach was discovered. The Purchase Price for any such Mortgage Loan, whether purchased by the Seller or the Subservicer, shall be deposited or caused to be deposited by the Master Servicer in the Custodial Account maintained by it pursuant to Section 3.07 and, upon receipt by the Trustee of written notification of such deposit signed by a Servicing Officer, the Trustee or any Custodian, as the case may be, shall release to the Master Servicer the related Mortgage File and the Trustee shall execute and deliver such instruments of transfer or assignment prepared by the Master Servicer, in each case without recourse, as shall be necessary to vest in the Seller or its designee or the Subservicer or its designee, as the case may be, any Mortgage Loan released pursuant hereto and thereafter such Mortgage Loan shall not be part of the Trust Fund. In furtherance of the foregoing, if the Subservicer or Seller that repurchases the Mortgage Loan is not a member of MERS and the 38 Mortgage is registered on the MERS(R) System, the Master Servicer, at its own expense and without any right of reimbursement, shall cause MERS to execute and deliver an assignment of the Mortgage in recordable form to transfer the Mortgage from MERS to such Subservicer or Seller and shall cause such Mortgage to be removed from registration on the MERS(R) System in accordance with MERS' rules and regulations. It is understood and agreed that the obligation of the Seller or the Subservicer, as the case may be, to so cure or purchase any Mortgage Loan as to which a material and adverse defect in or omission of a constituent document exists shall constitute the sole remedy respecting such defect or omission available to Certificateholders or the Trustee on behalf of the Certificateholders. Section 2.03. Representations, Warranties and Covenants of the Master Servicer and the Company. -------------------------------------- (a) The Master Servicer hereby represents and warrants to the Trustee for the benefit of the Certificateholders that: (i) The Master Servicer is a corporation duly organized, validly existing and in good standing under the laws governing its creation and existence and is or will be in compliance with the laws of each state in which any Mortgaged Property is located to the extent necessary to ensure the enforceability of each Mortgage Loan in accordance with the terms of this Agreement; (ii) The execution and delivery of this Agreement by the Master Servicer and its performance and compliance with the terms of this Agreement will not violate the Master Servicer's Certificate of Incorporation or Bylaws or constitute a material default (or an event which, with notice or lapse of time, or both, would constitute a material default) under, or result in the material breach of, any material contract, agreement or other instrument to which the Master Servicer is a party or which may be applicable to the Master Servicer or any of its assets; (iii) This Agreement, assuming due authorization, execution and delivery by the Trustee and the Company, constitutes a valid, legal and binding obligation of the Master Servicer, enforceable against it in accordance with the terms hereof subject to applicable bankruptcy, insolvency, reorganization, moratorium and other laws affecting the enforcement of creditors' rights generally and to general principles of equity, regardless of whether such enforcement is considered in a proceeding in equity or at law; (iv) The Master Servicer is not in default with respect to any order or decree of any court or any order, regulation or demand of any federal, state, municipal or governmental agency, which default might have consequences that would materially and adversely affect the condition (financial or other) or operations of the Master Servicer or its properties or might have consequences that would materially adversely affect its performance hereunder; 39 (v) No litigation is pending or, to the best of the Master Servicer's knowledge, threatened against the Master Servicer which would prohibit its entering into this Agreement or performing its obligations under this Agreement; (vi) The Master Servicer will comply in all material respects in the performance of this Agreement with all reasonable rules and requirements of each insurer under each Required Insurance Policy; (vii) No information, certificate of an officer, statement furnished in writing or report delivered to the Company, any Affiliate of the Company or the Trustee by the Master Servicer will, to the knowledge of the Master Servicer, contain any untrue statement of a material fact or omit a material fact necessary to make the information, certificate, statement or report not misleading; (viii) The Master Servicer has examined each existing, and will examine each new, Subservicing Agreement and is or will be familiar with the terms thereof. The terms of each existing Subservicing Agreement and each designated Subservicer are acceptable to the Master Servicer and any new Subservicing Agreements will comply with the provisions of Section 3.02; and (ix) The Master Servicer is a member of MERS in good standing, and will comply in all material respects with the rules and procedures of MERS in connection with the servicing of the Mortgage Loans that are registered with MERS. It is understood and agreed that the representations and warranties set forth in this Section 2.03(a) shall survive delivery of the respective Mortgage Files to the Trustee or any Custodian. Upon discovery by either the Company, the Master Servicer, the Trustee or any Custodian of a breach of any representation or warranty set forth in this Section 2.03(a) which materially and adversely affects the interests of the Certificateholders in any Mortgage Loan, the party discovering such breach shall give prompt written notice to the other parties (any Custodian being so obligated under a Custodial Agreement). Within 90 days of its discovery or its receipt of notice of such breach, the Master Servicer shall either (i) cure such breach in all material respects or (ii) to the extent that such breach is with respect to a Mortgage Loan or a related document, purchase such Mortgage Loan from the Trust Fund at the Purchase Price and in the manner set forth in Section 2.02; provided that if the omission or defect would cause the Mortgage Loan to be other than a "qualified mortgage" as defined in Section 860G(a)(3) of the Code, any such cure or repurchase must occur within 90 days from the date such breach was discovered. The obligation of the Master Servicer to cure such breach or to so purchase such Mortgage Loan shall constitute the sole remedy in respect of a breach of a representation and warranty set forth in this Section 2.03(a) available to the Certificateholders or the Trustee on behalf of the Certificateholders. (b) Representations and warranties relating to the Mortgage Loans are set forth in Section 2.03(b) of the Series Supplement. 40 Section 2.04. Representations and Warranties of Sellers. ----------------------------------------- The Company, as assignee of Residential Funding under the Assignment Agreement, hereby assigns to the Trustee for the benefit of Certificateholders all of its right, title and interest in respect of the Assignment Agreement and each Seller's Agreement applicable to a Mortgage Loan. Insofar as the Assignment Agreement or the Company's rights under such Seller's Agreement relate to the representations and warranties made by Residential Funding or the related Seller in respect of such Mortgage Loan and any remedies provided thereunder for any breach of such representations and warranties, such right, title and interest may be enforced by the Master Servicer on behalf of the Trustee and the Certificateholders. Upon the discovery by the Company, the Master Servicer, the Trustee or any Custodian of a breach of any of the representations and warranties made in a Seller's Agreement that have been assigned to the Trustee pursuant to this Section 2.04 or of a breach of any of the representations and warranties made in the Assignment Agreement (which, for purposes hereof, will be deemed to include any other cause giving rise to a repurchase obligation under the Assignment Agreement) in respect of any Mortgage Loan which materially and adversely affects the interests of the Certificateholders in such Mortgage Loan, the party discovering such breach shall give prompt written notice to the other parties (any Custodian being so obligated under a Custodial Agreement). The Master Servicer shall promptly notify the related Seller or Residential Funding, as the case may be, of such breach and request that such Seller or Residential Funding, as the case may be, either (i) cure such breach in all material respects within 90 days from the date the Master Servicer was notified of such breach or (ii) purchase such Mortgage Loan from the Trust Fund at the Purchase Price and in the manner set forth in Section 2.02; provided that in the case of a breach under the Assignment Agreement Residential Funding shall have the option to substitute a Qualified Substitute Mortgage Loan or Loans for such Mortgage Loan if such substitution occurs within two years following the Closing Date; provided that if the breach would cause the Mortgage Loan to be other than a "qualified mortgage" as defined in Section 860G(a)(3) of the Code, any such cure, repurchase or substitution must occur within 90 days from the date the breach was discovered. In the event that Residential Funding elects to substitute a Qualified Substitute Mortgage Loan or Loans for a Deleted Mortgage Loan pursuant to this Section 2.04, Residential Funding shall deliver to the Trustee for the benefit of the Certificateholders with respect to such Qualified Substitute Mortgage Loan or Loans, the original Mortgage Note, the Mortgage, an Assignment of the Mortgage in recordable form, if required pursuant to Section 2.01, and such other documents and agreements as are required by Section 2.01, with the Mortgage Note endorsed as required by Section 2.01. No substitution will be made in any calendar month after the Determination Date for such month. Monthly Payments due with respect to Qualified Substitute Mortgage Loans in the month of substitution shall not be part of the Trust Fund and will be retained by the Master Servicer and remitted by the Master Servicer to Residential Funding on the next succeeding Distribution Date. For the month of substitution, distributions to the Certificateholders will include the Monthly Payment due on a Deleted Mortgage Loan for such month and thereafter Residential Funding shall be entitled to retain all amounts received in respect of such Deleted Mortgage Loan. The Master Servicer shall amend or cause to be amended the Mortgage Loan Schedule, and, if the Deleted Mortgage Loan was a Discount Mortgage Loan, the Schedule of Discount Fractions, for the benefit of the Certificateholders to reflect the removal of such Deleted Mortgage Loan and the substitution of the Qualified Substitute Mortgage Loan or Loans and the Master Servicer shall deliver the amended Mortgage Loan Schedule, and, if the Deleted Mortgage Loan was a Discount Mortgage Loan, the amended Schedule of Discount Fractions, to the Trustee. Upon such substitution, the Qualified Substitute Mortgage Loan or Loans shall be subject to the terms of this Agreement and the related Subservicing 41 Agreement in all respects, the related Seller shall be deemed to have made the representations and warranties with respect to the Qualified Substitute Mortgage Loan contained in the related Seller's Agreement as of the date of substitution, insofar as Residential Funding's rights in respect of such representations and warranties are assigned to the Company pursuant to the Assignment Agreement, and the Company and the Master Servicer shall be deemed to have made with respect to any Qualified Substitute Mortgage Loan or Loans, as of the date of substitution, the covenants, representations and warranties set forth in this Section 2.04, in Section 2.03 hereof and in Section 4 of the Assignment Agreement, and the Master Servicer shall be obligated to repurchase or substitute for any Qualified Substitute Mortgage Loan as to which a Repurchase Event (as defined in the Assignment Agreement) has occurred pursuant to Section 4 of the Assignment Agreement. In connection with the substitution of one or more Qualified Substitute Mortgage Loans for one or more Deleted Mortgage Loans, the Master Servicer will determine the amount (if any) by which the aggregate principal balance of all such Qualified Substitute Mortgage Loans as of the date of substitution is less than the aggregate Stated Principal Balance of all such Deleted Mortgage Loans (in each case after application of the principal portion of the Monthly Payments due in the month of substitution that are to be distributed to the Certificateholders in the month of substitution). Residential Funding shall deposit the amount of such shortfall into the Custodial Account on the day of substitution, without any reimbursement therefor. Residential Funding shall give notice in writing to the Trustee of such event, which notice shall be accompanied by an Officers' Certificate as to the calculation of such shortfall and (subject to Section 10.01(f)) by an Opinion of Counsel to the effect that such substitution will not cause (a) any federal tax to be imposed on the Trust Fund, including without limitation, any federal tax imposed on "prohibited transactions" under Section 860F(a)(1) of the Code or on "contributions after the startup date" under Section 860G(d)(1) of the Code or (b) any portion of any REMIC to fail to qualify as such at any time that any Certificate is outstanding. It is understood and agreed that the obligation of the Seller or Residential Funding, as the case may be, to cure such breach or purchase (or in the case of Residential Funding to substitute for) such Mortgage Loan as to which such a breach has occurred and is continuing shall constitute the sole remedy respecting such breach available to the Certificateholders or the Trustee on behalf of Certificateholders. If the Master Servicer is Residential Funding, then the Trustee shall also have the right to give the notification and require the purchase or substitution provided for in the second preceding paragraph in the event of such a breach of a representation or warranty made by Residential Funding in the Assignment Agreement. In connection with the purchase of or substitution for any such Mortgage Loan by Residential Funding, the Trustee shall assign to Residential Funding all of the Trustee's right, title and interest in respect of the Seller's Agreement and the Assignment Agreement applicable to such Mortgage Loan. Section 2.05. Execution and Authentication of Certificates/Issuance of Certificates Evidencing Interests in REMIC I Certificates. As provided in Section 2.05 of the Series Supplement. 42 Section 2.06. Conveyance of Uncertificated REMIC I and REMIC II Regular Interests; Acceptance by the Trustee. As provided in Section 2.06 of the Series Supplement. Section 2.07. Issuance of Certificates Evidencing Interests in REMIC II. As provided in Section 2.07 of the Series Supplement. Section 2.08. Purposes and Powers of the Trust. -------------------------------- The purpose of the trust, as created hereunder, is to engage in the following activities: (a) to sell the Certificates to the Company in exchange for the Mortgage Loans; (b) to enter into and perform its obligations under this Agreement; (c) to engage in those activities that are necessary, suitable or convenient to accomplish the foregoing or are incidental thereto or connected therewith; and (d) subject to compliance with this Agreement, to engage in such other activities as may be required in connection with conservation of the Trust Fund and the making of distributions to the Certificateholders. The trust is hereby authorized to engage in the foregoing activities. Notwithstanding the provisions of Section 11.01, the trust shall not engage in any activity other than in connection with the foregoing or other than as required or authorized by the terms of this Agreement while any Certificate is outstanding, and this Section 2.08 may not be amended, without the consent of the Certificateholders evidencing a majority of the aggregate Voting Rights of the Certificates. 43 ARTICLE III ADMINISTRATION AND SERVICING OF MORTGAGE LOANS Section 3.01. Master Servicer to Act as Servicer. ---------------------------------- (a) The Master Servicer shall service and administer the Mortgage Loans in accordance with the terms of this Agreement and the respective Mortgage Loans and shall have full power and authority, acting alone or through Subservicers as provided in Section 3.02, to do any and all things which it may deem necessary or desirable in connection with such servicing and administration. Without limiting the generality of the foregoing, the Master Servicer in its own name or in the name of a Subservicer is hereby authorized and empowered by the Trustee when the Master Servicer or the Subservicer, as the case may be, believes it appropriate in its best judgment, to execute and deliver, on behalf of the Certificateholders and the Trustee or any of them, any and all instruments of satisfaction or cancellation, or of partial or full release or discharge, or of consent to assumption or modification in connection with a proposed conveyance, or of assignment of any Mortgage and Mortgage Note in connection with the repurchase of a Mortgage Loan and all other comparable instruments, or with respect to the modification or re-recording of a Mortgage for the purpose of correcting the Mortgage, the subordination of the lien of the Mortgage in favor of a public utility company or government agency or unit with powers of eminent domain, the taking of a deed in lieu of foreclosure, the commencement, prosecution or completion of judicial or non-judicial foreclosure, the conveyance of a Mortgaged Property to the related Insurer, the acquisition of any property acquired by foreclosure or deed in lieu of foreclosure, or the management, marketing and conveyance of any property acquired by foreclosure or deed in lieu of foreclosure with respect to the Mortgage Loans and with respect to the Mortgaged Properties. The Master Servicer further is authorized and empowered by the Trustee, on behalf of the Certificateholders and the Trustee, in its own name or in the name of the Subservicer, when the Master Servicer or the Subservicer, as the case may be, believes it appropriate in its best judgment to register any Mortgage Loan on the MERS(R) System, or cause the removal from the registration of any Mortgage Loan on the MERS(R) System, to execute and deliver, on behalf of the Trustee and the Certificateholders or any of them, any and all instruments of assignment and other comparable instruments with respect to such assignment or re-recording of a Mortgage in the name of MERS, solely as nominee for the Trustee and its successors and assigns. Any expenses incurred in connection with the actions described in the preceding sentence shall be borne by the Master Servicer in accordance with Section 3.16(c), with no right of reimbursement; provided, that if, as a result of MERS discontinuing or becoming unable to continue operations in connection with the MERS System, it becomes necessary to remove any Mortgage Loan from registration on the MERS System and to arrange for the assignment of the related Mortgages to the Trustee, then any related expenses shall be reimbursable to the Master Servicer. Notwithstanding the foregoing, subject to Section 3.07(a), the Master Servicer shall not permit any modification with respect to any Mortgage Loan that would both constitute a sale or exchange of such Mortgage Loan within the meaning of Section 1001 of the Code and any proposed, temporary or final regulations promulgated thereunder (other than in connection with a proposed conveyance or assumption of such Mortgage Loan that is treated as a Principal Prepayment in Full pursuant to Section 3.13(d) hereof) and cause any REMIC formed under the Series Supplement to fail to qualify as a REMIC under the Code. 44 The Trustee shall furnish the Master Servicer with any powers of attorney and other documents necessary or appropriate to enable the Master Servicer to service and administer the Mortgage Loans. The Trustee shall not be liable for any action taken by the Master Servicer or any Subservicer pursuant to such powers of attorney. In servicing and administering any Nonsubserviced Mortgage Loan, the Master Servicer shall, to the extent not inconsistent with this Agreement, comply with the Program Guide as if it were the originator of such Mortgage Loan and had retained the servicing rights and obligations in respect thereof. In connection with servicing and administering the Mortgage Loans, the Master Servicer and any Affiliate of the Master Servicer (i) may perform services such as appraisals and brokerage services that are not customarily provided by servicers of mortgage loans, and shall be entitled to reasonable compensation therefor in accordance with Section 3.10 and (ii) may, at its own discretion and on behalf of the Trustee, obtain credit information in the form of a "credit score" from a credit repository. (b) All costs incurred by the Master Servicer or by Subservicers in effecting the timely payment of taxes and assessments on the properties subject to the Mortgage Loans shall not, for the purpose of calculating monthly distributions to the Certificateholders, be added to the amount owing under the related Mortgage Loans, notwithstanding that the terms of such Mortgage Loan so permit, and such costs shall be recoverable to the extent permitted by Section 3.10(a)(ii). (c) The Master Servicer may enter into one or more agreements in connection with the offering of pass-through certificates evidencing interests in one or more of the Certificates providing for the payment by the Master Servicer of amounts received by the Master Servicer as servicing compensation hereunder and required to cover certain Prepayment Interest Shortfalls on the Mortgage Loans, which payment obligation will thereafter be an obligation of the Master Servicer hereunder. Section 3.02. Subservicing Agreements Between Master Servicer and Subservicers; Enforcement of Subservicers' and Sellers' Obligations. (a) The Master Servicer may continue in effect Subservicing Agreements entered into by Residential Funding and Subservicers prior to the execution and delivery of this Agreement, and may enter into new Subservicing Agreements with Subservicers, for the servicing and administration of all or some of the Mortgage Loans. Each Subservicer of a Mortgage Loan shall be entitled to receive and retain, as provided in the related Subservicing Agreement and in Section 3.07, the related Subservicing Fee from payments of interest received on such Mortgage Loan after payment of all amounts required to be remitted to the Master Servicer in respect of such Mortgage Loan. For any Mortgage Loan that is a Nonsubserviced Mortgage Loan, the Master Servicer shall be entitled to receive and retain an amount equal to the Subservicing Fee from payments of interest. Unless the context otherwise requires, references in this Agreement to actions taken or to be taken by the Master Servicer in servicing the Mortgage Loans include actions taken or to be taken by a Subservicer on behalf of the Master Servicer. Each Subservicing Agreement will be upon such terms and conditions as are generally required or permitted by the Program Guide and are not inconsistent with this Agreement and as the Master Servicer and the Subservicer have agreed. A representative form of Subservicing Agreement is attached to this Agreement as Exhibit E. With the approval of the Master Servicer, a Subservicer 45 may delegate its servicing obligations to third-party servicers, but such Subservicer will remain obligated under the related Subservicing Agreement. The Master Servicer and a Subservicer may enter into amendments thereto or a different form of Subservicing Agreement, and the form referred to or included in the Program Guide is merely provided for information and shall not be deemed to limit in any respect the discretion of the Master Servicer to modify or enter into different Subservicing Agreements; provided, however, that any such amendments or different forms shall be consistent with and not violate the provisions of either this Agreement or the Program Guide in a manner which would materially and adversely affect the interests of the Certificateholders. (b) As part of its servicing activities hereunder, the Master Servicer, for the benefit of the Trustee and the Certificateholders, shall use its best reasonable efforts to enforce the obligations of each Subservicer under the related Subservicing Agreement and of each Seller under the related Seller's Agreement insofar as the Company's rights with respect to Seller's obligation has been assigned to the Trustee hereunder, to the extent that the non-performance of any such Seller's obligation would have a material and adverse effect on a Mortgage Loan, including, without limitation, the obligation to purchase a Mortgage Loan on account of defective documentation, as described in Section 2.02, or on account of a breach of a representation or warranty, as described in Section 2.04. Such enforcement, including, without limitation, the legal prosecution of claims, termination of Subservicing Agreements or Seller's Agreements, as appropriate, and the pursuit of other appropriate remedies, shall be in such form and carried out to such an extent and at such time as the Master Servicer would employ in its good faith business judgment and which are normal and usual in its general mortgage servicing activities. The Master Servicer shall pay the costs of such enforcement at its own expense, and shall be reimbursed therefor only (i) from a general recovery resulting from such enforcement to the extent, if any, that such recovery exceeds all amounts due in respect of the related Mortgage Loan or (ii) from a specific recovery of costs, expenses or attorneys fees against the party against whom such enforcement is directed. For purposes of clarification only, the parties agree that the foregoing is not intended to, and does not, limit the ability of the Master Servicer to be reimbursed for expenses that are incurred in connection with the enforcement of a Seller's obligations (insofar as the Company's rights with respect to such Seller's obligations have been assigned to the Trustee hereunder) and are reimbursable pursuant to Section 3.10(a)(viii). Section 3.03. Successor Subservicers. ---------------------- The Master Servicer shall be entitled to terminate any Subservicing Agreement that may exist in accordance with the terms and conditions of such Subservicing Agreement and without any limitation by virtue of this Agreement; provided, however, that in the event of termination of any Subservicing Agreement by the Master Servicer or the Subservicer, the Master Servicer shall either act as servicer of the related Mortgage Loan or enter into a Subservicing Agreement with a successor Subservicer which will be bound by the terms of the related Subservicing Agreement. If the Master Servicer or any Affiliate of Residential Funding acts as servicer, it will not assume liability for the representations and warranties of the Subservicer which it replaces. If the Master Servicer enters into a Subservicing Agreement with a successor Subservicer, the Master Servicer shall use reasonable efforts to have the successor Subservicer assume liability for the representations and warranties 46 made by the terminated Subservicer in respect of the related Mortgage Loans and, in the event of any such assumption by the successor Subservicer, the Master Servicer may, in the exercise of its business judgment, release the terminated Subservicer from liability for such representations and warranties. Section 3.04. Liability of the Master Servicer. -------------------------------- Notwithstanding any Subservicing Agreement, any of the provisions of this Agreement relating to agreements or arrangements between the Master Servicer or a Subservicer or reference to actions taken through a Subservicer or otherwise, the Master Servicer shall remain obligated and liable to the Trustee and the Certificateholders for the servicing and administering of the Mortgage Loans in accordance with the provisions of Section 3.01 without diminution of such obligation or liability by virtue of such Subservicing Agreements or arrangements or by virtue of indemnification from the Subservicer or the Company and to the same extent and under the same terms and conditions as if the Master Servicer alone were servicing and administering the Mortgage Loans. The Master Servicer shall be entitled to enter into any agreement with a Subservicer or Seller for indemnification of the Master Servicer and nothing contained in this Agreement shall be deemed to limit or modify such indemnification. Section 3.05. No Contractual Relationship Between Subservicer and Trustee or Certificateholders. Any Subservicing Agreement that may be entered into and any other transactions or services relating to the Mortgage Loans involving a Subservicer in its capacity as such and not as an originator shall be deemed to be between the Subservicer and the Master Servicer alone and the Trustee and the Certificateholders shall not be deemed parties thereto and shall have no claims, rights, obligations, duties or liabilities with respect to the Subservicer in its capacity as such except as set forth in Section 3.06. The foregoing provision shall not in any way limit a Subservicer's obligation to cure an omission or defect or to repurchase a Mortgage Loan as referred to in Section 2.02 hereof. Section 3.06. Assumption or Termination of Subservicing Agreements by Trustee. --------------------------------------------------------------- (a) If the Master Servicer shall for any reason no longer be the master servicer (including by reason of an Event of Default), the Trustee, its designee or its successor shall thereupon assume all of the rights and obligations of the Master Servicer under each Subservicing Agreement that may have been entered into. The Trustee, its designee or the successor servicer for the Trustee shall be deemed to have assumed all of the Master Servicer's interest therein and to have replaced the Master Servicer as a party to the Subservicing Agreement to the same extent as if the Subservicing Agreement had been assigned to the assuming party except that the Master Servicer shall not thereby be relieved of any liability or obligations under the Subservicing Agreement. (b) The Master Servicer shall, upon request of the Trustee but at the expense of the Master Servicer, deliver to the assuming party all documents and records relating to each Subservicing Agreement and the Mortgage Loans then being serviced and an accounting of amounts collected and held by it and otherwise use its best efforts to effect the orderly and efficient transfer of each Subservicing Agreement to the assuming party. 47 Section 3.07. Collection of Certain Mortgage Loan Payments; Deposits to Custodial Account. ----------------------------- (a) The Master Servicer shall make reasonable efforts to collect all payments called for under the terms and provisions of the Mortgage Loans, and shall, to the extent such procedures shall be consistent with this Agreement and the terms and provisions of any related Primary Insurance Policy, follow such collection procedures as it would employ in its good faith business judgment and which are normal and usual in its general mortgage servicing activities. Consistent with the foregoing, the Master Servicer may in its discretion (i) waive any late payment charge or any prepayment charge or penalty interest in connection with the prepayment of a Mortgage Loan and (ii) extend the Due Date for payments due on a Mortgage Loan in accordance with the Program Guide; provided, however, that the Master Servicer shall first determine that any such waiver or extension will not impair the coverage of any related Primary Insurance Policy or materially adversely affect the lien of the related Mortgage. In the event of any such arrangement, the Master Servicer shall make timely advances on the related Mortgage Loan during the scheduled period in accordance with the amortization schedule of such Mortgage Loan without modification thereof by reason of such arrangements unless otherwise agreed to by the Holders of the Classes of Certificates affected thereby; provided, however, that no such extension shall be made if any such advance would be a Nonrecoverable Advance. Consistent with the terms of this Agreement, the Master Servicer may also waive, modify or vary any term of any Mortgage Loan or consent to the postponement of strict compliance with any such term or in any manner grant indulgence to any Mortgagor if in the Master Servicer's determination such waiver, modification, postponement or indulgence is not materially adverse to the interests of the Certificateholders (taking into account any estimated Realized Loss that might result absent such action); provided, however, that the Master Servicer may not modify materially or permit any Subservicer to modify any Mortgage Loan, including without limitation any modification that would change the Mortgage Rate, forgive the payment of any principal or interest (unless in connection with the liquidation of the related Mortgage Loan or except in connection with prepayments to the extent that such reamortization is not inconsistent with the terms of the Mortgage Loan), capitalize any amounts owing on the Mortgage Loan by adding such amount to the outstanding principal balance of the Mortgage Loan, or extend the final maturity date of such Mortgage Loan, unless such Mortgage Loan is in default or, in the judgment of the Master Servicer, such default is reasonably foreseeable; provided, further, that (1) no such modification shall reduce the interest rate on a Mortgage Loan below one-half of the Mortgage Rate as in effect on the Cut-off Date, but not less than the sum of the rates at which the Servicing Fee and the Subservicing Fee with respect to such Mortgage Loan accrues plus the rate at which the premium paid to the Certificate Insurer, if any, accrues, (2) the final maturity date for any Mortgage Loan shall not be extended beyond the Maturity Date, (3) the Stated Principal Balance of all Reportable Modified Mortgage Loans subject to Servicing Modifications (measured at the time of the Servicing Modification and after giving effect to any Servicing Modification) can be no more than five percent of the aggregate principal balance of the Mortgage Loans as of the Cut-off Date, unless such limit is increased from time to time with the consent of the Rating Agencies and the Certificate Insurer, if any. In addition, any amounts owing on a Mortgage Loan added to the outstanding principal balance of such Mortgage Loan must be fully amortized over the term of such Mortgage Loan, and such amounts may be added to the outstanding principal balance of a Mortgage Loan only once during the life of such Mortgage Loan. Also, the addition of such amounts described in the preceding sentence 48 shall be implemented in accordance with the Program Guide and may be implemented only by Subservicers that have been approved by the Master Servicer for such purpose. In connection with any Curtailment of a Mortgage Loan, the Master Servicer, to the extent not inconsistent with the terms of the Mortgage Note and local law and practice, may permit the Mortgage Loan to be reamortized such that the Monthly Payment is recalculated as an amount that will fully amortize the remaining Stated Principal Balance thereof by the original Maturity Date based on the original Mortgage Rate; provided, that such re-amortization shall not be permitted if it would constitute a reissuance of the Mortgage Loan for federal income tax purposes, except if such reissuance is described in Treasury Regulation Section 1.860G-2(b)(3). (b) The Master Servicer shall establish and maintain a Custodial Account in which the Master Servicer shall deposit or cause to be deposited on a daily basis, except as otherwise specifically provided herein, the following payments and collections remitted by Subservicers or received by it in respect of the Mortgage Loans subsequent to the Cut-off Date (other than in respect of principal and interest on the Mortgage Loans due on or before the Cut-off Date): (i) All payments on account of principal, including Principal Prepayments made by Mortgagors on the Mortgage Loans and the principal component of any Subservicer Advance or of any REO Proceeds received in connection with an REO Property for which an REO Disposition has occurred; (ii) All payments on account of interest at the Adjusted Mortgage Rate on the Mortgage Loans, including Buydown Funds, if any, and the interest component of any Subservicer Advance or of any REO Proceeds received in connection with an REO Property for which an REO Disposition has occurred; (iii) Insurance Proceeds, Subsequent Recoveries and Liquidation Proceeds (net of any related expenses of the Subservicer); (iv) All proceeds of any Mortgage Loans purchased pursuant to Section 2.02, 2.03, 2.04 or 4.07 and all amounts required to be deposited in connection with the substitution of a Qualified Substitute Mortgage Loan pursuant to Section 2.03 or 2.04; (v) Any amounts required to be deposited pursuant to Section 3.07(c) or 3.21; (vi) All amounts transferred from the Certificate Account to the Custodial Account in accordance with Section 4.02(a); (vii) Any amounts realized by the Subservicer and received by the Master Servicer in respect of any Additional Collateral; and (viii) Any amounts received by the Master Servicer in respect of Pledged Assets. The foregoing requirements for deposit in the Custodial Account shall be exclusive, it being understood and agreed that, without limiting the generality of the foregoing, payments on the Mortgage Loans which are not part of the Trust Fund (consisting of payments in respect of principal and interest on the Mortgage Loans due on or before the Cut-off Date) and payments or collections in 49 the nature of prepayment charges or late payment charges or assumption fees may but need not be deposited by the Master Servicer in the Custodial Account. In the event any amount not required to be deposited in the Custodial Account is so deposited, the Master Servicer may at any time withdraw such amount from the Custodial Account, any provision herein to the contrary notwithstanding. The Custodial Account may contain funds that belong to one or more trust funds created for mortgage pass-through certificates of other series and may contain other funds respecting payments on mortgage loans belonging to the Master Servicer or serviced or master serviced by it on behalf of others. Notwithstanding such commingling of funds, the Master Servicer shall keep records that accurately reflect the funds on deposit in the Custodial Account that have been identified by it as being attributable to the Mortgage Loans. With respect to Insurance Proceeds, Liquidation Proceeds, REO Proceeds and the proceeds of the purchase of any Mortgage Loan pursuant to Sections 2.02, 2.03, 2.04 and 4.07 received in any calendar month, the Master Servicer may elect to treat such amounts as included in the Available Distribution Amount for the Distribution Date in the month of receipt, but is not obligated to do so. If the Master Servicer so elects, such amounts will be deemed to have been received (and any related Realized Loss shall be deemed to have occurred) on the last day of the month prior to the receipt thereof. (c) The Master Servicer shall use its best efforts to cause the institution maintaining the Custodial Account to invest the funds in the Custodial Account attributable to the Mortgage Loans in Permitted Investments which shall mature not later than the Certificate Account Deposit Date next following the date of such investment (with the exception of the Amount Held for Future Distribution) and which shall not be sold or disposed of prior to their maturities. All income and gain realized from any such investment shall be for the benefit of the Master Servicer as additional servicing compensation and shall be subject to its withdrawal or order from time to time. The amount of any losses incurred in respect of any such investments attributable to the investment of amounts in respect of the Mortgage Loans shall be deposited in the Custodial Account by the Master Servicer out of its own funds immediately as realized without any right of reimbursement. (d) The Master Servicer shall give notice to the Trustee and the Company of any change in the location of the Custodial Account and the location of the Certificate Account prior to the use thereof. Section 3.08. Subservicing Accounts; Servicing Accounts. ----------------------------------------- (a) In those cases where a Subservicer is servicing a Mortgage Loan pursuant to a Subservicing Agreement, the Master Servicer shall cause the Subservicer, pursuant to the Subservicing Agreement, to establish and maintain one or more Subservicing Accounts which shall be an Eligible Account or, if such account is not an Eligible Account, shall generally satisfy the requirements of the Program Guide and be otherwise acceptable to the Master Servicer and each Rating Agency. The Subservicer will be required thereby to deposit into the Subservicing Account on a daily basis all proceeds of Mortgage Loans received by the Subservicer, less its Subservicing Fees and unreimbursed advances and expenses, to the extent permitted by the Subservicing Agreement. If the Subservicing Account is not an Eligible Account, the Master Servicer shall be deemed to have received such monies upon receipt thereof by the Subservicer. The Subservicer 50 shall not be required to deposit in the Subservicing Account payments or collections in the nature of prepayment charges or late charges or assumption fees. On or before the date specified in the Program Guide, but in no event later than the Determination Date, the Master Servicer shall cause the Subservicer, pursuant to the Subservicing Agreement, to remit to the Master Servicer for deposit in the Custodial Account all funds held in the Subservicing Account with respect to each Mortgage Loan serviced by such Subservicer that are required to be remitted to the Master Servicer. The Subservicer will also be required, pursuant to the Subservicing Agreement, to advance on such scheduled date of remittance amounts equal to any scheduled monthly installments of principal and interest less its Subservicing Fees on any Mortgage Loans for which payment was not received by the Subservicer. This obligation to advance with respect to each Mortgage Loan will continue up to and including the first of the month following the date on which the related Mortgaged Property is sold at a foreclosure sale or is acquired by the Trust Fund by deed in lieu of foreclosure or otherwise. All such advances received by the Master Servicer shall be deposited promptly by it in the Custodial Account. (b) The Subservicer may also be required, pursuant to the Subservicing Agreement, to remit to the Master Servicer for deposit in the Custodial Account interest at the Adjusted Mortgage Rate (or Modified Net Mortgage Rate plus the rate per annum at which the Servicing Fee accrues in the case of a Modified Mortgage Loan) on any Curtailment received by such Subservicer in respect of a Mortgage Loan from the related Mortgagor during any month that is to be applied by the Subservicer to reduce the unpaid principal balance of the related Mortgage Loan as of the first day of such month, from the date of application of such Curtailment to the first day of the following month. Any amounts paid by a Subservicer pursuant to the preceding sentence shall be for the benefit of the Master Servicer as additional servicing compensation and shall be subject to its withdrawal or order from time to time pursuant to Sections 3.10(a)(iv) and (v). (c) In addition to the Custodial Account and the Certificate Account, the Master Servicer shall for any Nonsubserviced Mortgage Loan, and shall cause the Subservicers for Subserviced Mortgage Loans to, establish and maintain one or more Servicing Accounts and deposit and retain therein all collections from the Mortgagors (or advances from Subservicers) for the payment of taxes, assessments, hazard insurance premiums, Primary Insurance Policy premiums, if applicable, or comparable items for the account of the Mortgagors. Each Servicing Account shall satisfy the requirements for a Subservicing Account and, to the extent permitted by the Program Guide or as is otherwise acceptable to the Master Servicer, may also function as a Subservicing Account. Withdrawals of amounts related to the Mortgage Loans from the Servicing Accounts may be made only to effect timely payment of taxes, assessments, hazard insurance premiums, Primary Insurance Policy premiums, if applicable, or comparable items, to reimburse the Master Servicer or Subservicer out of related collections for any payments made pursuant to Sections 3.11 (with respect to the Primary Insurance Policy) and 3.12(a) (with respect to hazard insurance), to refund to any Mortgagors any sums as may be determined to be overages, to pay interest, if required, to Mortgagors on balances in the Servicing Account or to clear and terminate the Servicing Account at the termination of this Agreement in accordance with Section 9.01 or in accordance with the Program Guide. As part of its servicing duties, the Master Servicer shall, and the Subservicers will, pursuant to the Subservicing Agreements, be required to pay to the Mortgagors interest on funds in this account to the extent required by law. 51 (d) The Master Servicer shall advance the payments referred to in the preceding subsection that are not timely paid by the Mortgagors or advanced by the Subservicers on the date when the tax, premium or other cost for which such payment is intended is due, but the Master Servicer shall be required so to advance only to the extent that such advances, in the good faith judgment of the Master Servicer, will be recoverable by the Master Servicer out of Insurance Proceeds, Liquidation Proceeds or otherwise. Section 3.09. Access to Certain Documentation and Information Regarding the Mortgage Loans. If compliance with this Section 3.09 shall make any Class of Certificates legal for investment by federally insured savings and loan associations, the Master Servicer shall provide, or cause the Subservicers to provide, to the Trustee, the Office of Thrift Supervision or the FDIC and the supervisory agents and examiners thereof access to the documentation regarding the Mortgage Loans required by applicable regulations of the Office of Thrift Supervision, such access being afforded without charge but only upon reasonable request and during normal business hours at the offices designated by the Master Servicer. The Master Servicer shall permit such representatives to photocopy any such documentation and shall provide equipment for that purpose at a charge reasonably approximating the cost of such photocopying to the Master Servicer. Section 3.10. Permitted Withdrawals from the Custodial Account. -------------------------------------------------- (a) The Master Servicer may, from time to time as provided herein, make withdrawals from the Custodial Account of amounts on deposit therein pursuant to Section 3.07 that are attributable to the Mortgage Loans for the following purposes: (i) to make deposits into the Certificate Account in the amounts and in the manner provided for in Section 4.01; (ii) to reimburse itself or the related Subservicer for previously unreimbursed Advances, Servicing Advances or other expenses made pursuant to Sections 3.01, 3.07(a), 3.08, 3.11, 3.12(a), 3.14 and 4.04 or otherwise reimbursable pursuant to the terms of this Agreement, such withdrawal right being limited to amounts received on the related Mortgage Loans (including, for this purpose, REO Proceeds, Insurance Proceeds, Liquidation Proceeds and proceeds from the purchase of a Mortgage Loan pursuant to Section 2.02, 2.03, 2.04 or 4.07) which represent (A) Late Collections of Monthly Payments for which any such advance was made in the case of Subservicer Advances or Advances pursuant to Section 4.04 and (B) recoveries of amounts in respect of which such advances were made in the case of Servicing Advances; (iii)to pay to itself or the related Subservicer (if not previously retained by such Subservicer) out of each payment received by the Master Servicer on account of interest on a Mortgage Loan as contemplated by Sections 3.14 and 3.16, an amount equal to that remaining portion of any such payment as to interest (but not in excess of the Servicing Fee and the Subservicing Fee, if not previously retained) which, when deducted, will result in the remaining amount of such interest being interest at the Net Mortgage Rate 52 (or Modified Net Mortgage Rate in the case of a Modified Mortgage Loan) on the amount specified in the amortization schedule of the related Mortgage Loan as the principal balance thereof at the beginning of the period respecting which such interest was paid after giving effect to any previous Curtailments; (iv) to pay to itself as additional servicing compensation any interest or investment income earned on funds and other property deposited in or credited to the Custodial Account that it is entitled to withdraw pursuant to Section 3.07(c); (v) to pay to itself as additional servicing compensation any Foreclosure Profits, any amounts remitted by Subservicers as interest in respect of Curtailments pursuant to Section 3.08(b), and any amounts paid by a Mortgagor in connection with a Principal Prepayment in Full in respect of interest for any period during the calendar month in which such Principal Prepayment in Full is to be distributed to the Certificateholders; (vi) to pay to itself, a Subservicer, a Seller, Residential Funding, the Company or any other appropriate Person, as the case may be, with respect to each Mortgage Loan or property acquired in respect thereof that has been purchased or otherwise transferred pursuant to Section 2.02, 2.03, 2.04, 4.07 or 9.01, all amounts received thereon and not required to be distributed to the Certificateholders as of the date on which the related Stated Principal Balance or Purchase Price is determined; (vii) to reimburse itself or the related Subservicer for any Nonrecoverable Advance or Advances in the manner and to the extent provided in subsection (c) below, and any Advance or Servicing Advance made in connection with a modified Mortgage Loan that is in default or, in the judgment of the Master Servicer, default is reasonably foreseeable pursuant to Section 3.07(a), to the extent the amount of the Advance or Servicing Advance was added to the Stated Principal Balance of the Mortgage Loan in the prior calendar month, or any Advance reimbursable to the Master Servicer pursuant to Section 4.02(a); (viii) to reimburse itself or the Company for expenses incurred by and reimbursable to it or the Company pursuant to Sections 3.01(a), 3.11, 3.13, 3.14(c), 6.03, 10.01 or otherwise, or in connection with enforcing, in accordance with this Agreement, any repurchase, substitution or indemnification obligation of any Seller (other than an Affiliate of the Company) pursuant to the related Seller's Agreement; (ix) to reimburse itself for Servicing Advances expended by it (a) pursuant to Section 3.14 in good faith in connection with the restoration of property damaged by an Uninsured Cause, and (b) in connection with the liquidation of a Mortgage Loan or disposition of an REO Property to the extent not otherwise reimbursed pursuant to clause (ii) or (viii) above; and (x) to withdraw any amount deposited in the Custodial Account that was not required to be deposited therein pursuant to Section 3.07. 53 (b) Since, in connection with withdrawals pursuant to clauses (ii), (iii), (v) and (vi), the Master Servicer's entitlement thereto is limited to collections or other recoveries on the related Mortgage Loan, the Master Servicer shall keep and maintain separate accounting, on a Mortgage Loan by Mortgage Loan basis, for the purpose of justifying any withdrawal from the Custodial Account pursuant to such clauses. (c) The Master Servicer shall be entitled to reimburse itself or the related Subservicer for any advance made in respect of a Mortgage Loan that the Master Servicer determines to be a Nonrecoverable Advance by withdrawal from the Custodial Account of amounts on deposit therein attributable to the Mortgage Loans on any Certificate Account Deposit Date succeeding the date of such determination. Such right of reimbursement in respect of a Nonrecoverable Advance relating to an Advance pursuant to Section 4.04 on any such Certificate Account Deposit Date shall be limited to an amount not exceeding the portion of such advance previously paid to Certificateholders (and not theretofore reimbursed to the Master Servicer or the related Subservicer). Section 3.11. Maintenance of the Primary Insurance Policies; Collections Thereunder. (a) The Master Servicer shall not take, or permit any Subservicer to 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 Master Servicer or Subservicer, would have been covered thereunder. To the extent coverage is available, the Master Servicer shall keep or cause to be kept in full force and effect each such Primary Insurance Policy until the principal balance of the related Mortgage Loan secured by a Mortgaged Property is reduced to 80% or less of the Appraised Value in the case of such a Mortgage Loan having a Loan-to-Value Ratio at origination in excess of 80%, provided that such Primary Insurance Policy was in place as of the Cut-off Date and the Company had knowledge of such Primary Insurance Policy. The Master Servicer shall be entitled to cancel or permit the discontinuation of any Primary Insurance Policy as to any Mortgage Loan, if the Stated Principal Balance of the Mortgage Loan is reduced below an amount equal to 80% of the appraised value of the related Mortgaged Property as determined in any appraisal thereof after the Closing Date, or if the Loan-to-Value Ratio is reduced below 80% as a result of principal payments on the Mortgage Loan after the Closing Date. In the event that the Company gains knowledge that as of the Closing Date, a Mortgage Loan had a Loan-to-Value Ratio at origination in excess of 80% and is not the subject of a Primary Insurance Policy (and was not included in any exception to the representation in Section 2.03(b)(iv)) and that such Mortgage Loan has a current Loan-to-Value Ratio in excess of 80% then the Master Servicer shall use its reasonable efforts to obtain and maintain a Primary Insurance Policy to the extent that such a policy is obtainable at a reasonable price. The Master Servicer shall not cancel or refuse to renew any such Primary Insurance Policy applicable to a Nonsubserviced Mortgage Loan, or consent to any Subservicer canceling or refusing to renew any such Primary Insurance Policy applicable to a Mortgage Loan subserviced by it, that is in effect at the date of the initial issuance of the Certificates and is required to be kept in force hereunder unless the replacement Primary Insurance Policy for such canceled or non-renewed policy is maintained with an insurer whose claims-paying ability is acceptable to each Rating Agency for mortgage pass-through certificates having a rating equal to or better than the lower of the then-current rating or the rating assigned to the Certificates as of the Closing Date by such Rating Agency. 54 (b) In connection with its activities as administrator and servicer of the Mortgage Loans, the Master Servicer agrees to present or to cause the related Subservicer to present, on behalf of the Master Servicer, the Subservicer, if any, the Trustee and Certificateholders, claims to the related Insurer under any Primary Insurance Policies, in a timely manner in accordance with such policies, and, in this regard, to take or cause to be taken such reasonable action as shall be necessary to permit recovery under any Primary Insurance Policies respecting defaulted Mortgage Loans. Pursuant to Section 3.07, any Insurance Proceeds collected by or remitted to the Master Servicer under any Primary Insurance Policies shall be deposited in the Custodial Account, subject to withdrawal pursuant to Section 3.10. Section 3.12. Maintenance of Fire Insurance and Omissions and Fidelity Coverage. (a) The Master Servicer shall cause to be maintained for each Mortgage Loan (other than a Cooperative Loan) fire insurance with extended coverage in an amount which is equal to the lesser of the principal balance owing on such Mortgage Loan or 100 percent of the insurable value of the improvements; provided, however, that such coverage may not be less than the minimum amount required to fully compensate for any loss or damage on a replacement cost basis. To the extent it may do so without breaching the related Subservicing Agreement, the Master Servicer shall replace any Subservicer that does not cause such insurance, to the extent it is available, to be maintained. The Master Servicer shall also cause to be maintained on property acquired upon foreclosure, or deed in lieu of foreclosure, of any Mortgage Loan (other than a Cooperative Loan), fire insurance with extended coverage in an amount which is at least equal to the amount necessary to avoid the application of any co-insurance clause contained in the related hazard insurance policy. Pursuant to Section 3.07, any amounts collected by the Master Servicer under any such policies (other than amounts to be applied to the restoration or repair of the related Mortgaged Property or property thus acquired or amounts released to the Mortgagor in accordance with the Master Servicer's normal servicing procedures) shall be deposited in the Custodial Account, subject to withdrawal pursuant to Section 3.10. Any cost incurred by the Master Servicer in maintaining any such insurance shall not, for the purpose of calculating monthly distributions to the Certificateholders, be added to the amount owing under the Mortgage Loan, notwithstanding that the terms of the Mortgage Loan so permit. Such costs shall be recoverable by the Master Servicer out of related late payments by the Mortgagor or out of Insurance Proceeds and Liquidation Proceeds to the extent permitted by Section 3.10. It is understood and agreed that no earthquake or other additional insurance is to be required of any Mortgagor or maintained on property acquired in respect of a Mortgage Loan other than pursuant to such applicable laws and regulations as shall at any time be in force and as shall require such additional insurance. Whenever the improvements securing a Mortgage Loan (other than a Cooperative Loan) are located at the time of origination of such Mortgage Loan in a federally designated special flood hazard area, the Master Servicer shall cause flood insurance (to the extent available) to be maintained in respect thereof. Such flood insurance shall be in an amount equal to the lesser of (i) the amount required to compensate for any loss or damage to the Mortgaged Property on a replacement cost basis and (ii) the maximum amount of such insurance available for the related Mortgaged Property under the national flood insurance program (assuming that the area in which such Mortgaged Property is located is participating in such program). 55 If the Master Servicer shall obtain and maintain a blanket fire insurance policy with extended coverage insuring against hazard losses on all of the Mortgage Loans, it shall conclusively be deemed to have satisfied its obligations as set forth in the first sentence of this Section 3.12(a), it being understood and agreed that such policy may contain a deductible clause, in which case the Master Servicer shall, in the event that there shall not have been maintained on the related Mortgaged Property a policy complying with the first sentence of this Section 3.12(a) and there shall have been a loss which would have been covered by such policy, deposit in the Certificate Account the amount not otherwise payable under the blanket policy because of such deductible clause. Any such deposit by the Master Servicer shall be made on the Certificate Account Deposit Date next preceding the Distribution Date which occurs in the month following the month in which payments under any such policy would have been deposited in the Custodial Account. In connection with its activities as administrator and servicer of the Mortgage Loans, the Master Servicer agrees to present, on behalf of itself, the Trustee and the Certificateholders, claims under any such blanket policy. (b) The Master Servicer shall obtain and maintain at its own expense and keep in full force and effect throughout the term of this Agreement a blanket fidelity bond and an errors and omissions insurance policy covering the Master Servicer's officers and employees and other persons acting on behalf of the Master Servicer in connection with its activities under this Agreement. The amount of coverage shall be at least equal to the coverage that would be required by Fannie Mae or Freddie Mac, whichever is greater, with respect to the Master Servicer if the Master Servicer were servicing and administering the Mortgage Loans for Fannie Mae or Freddie Mac. In the event that any such bond or policy ceases to be in effect, the Master Servicer shall obtain a comparable replacement bond or policy from an issuer or insurer, as the case may be, meeting the requirements, if any, of the Program Guide and acceptable to the Company. Coverage of the Master Servicer under a policy or bond obtained by an Affiliate of the Master Servicer and providing the coverage required by this Section 3.12(b) shall satisfy the requirements of this Section 3.12(b). Section 3.13. Enforcement of Due-on-Sale Clauses; Assumption and Modification Agreements; Certain Assignments. (a) When any Mortgaged Property is conveyed by the Mortgagor, the Master Servicer or Subservicer, to the extent it has knowledge of such conveyance, shall enforce any due-on-sale clause contained in any Mortgage Note or Mortgage, to the extent permitted under applicable law and governmental regulations, but only to the extent that such enforcement will not adversely affect or jeopardize coverage under any Required Insurance Policy. Notwithstanding the foregoing: (i) the Master Servicer shall not be deemed to be in default under this Section 3.13(a) by reason of any transfer or assumption which the Master Servicer is restricted by law from preventing; and (ii) if the Master Servicer determines that it is reasonably likely that any Mortgagor will bring, or if any Mortgagor does bring, legal action to declare invalid or otherwise avoid enforcement of a due-on-sale clause contained in any Mortgage Note or Mortgage, the Master Servicer shall not be required to enforce the due-on-sale clause or to contest such action. 56 (b) Subject to the Master Servicer's duty to enforce any due-on-sale clause to the extent set forth in Section 3.13(a), in any case in which a Mortgaged Property is to be conveyed to a Person by a Mortgagor, and such Person is to enter into an assumption or modification agreement or supplement to the Mortgage Note or Mortgage which requires the signature of the Trustee, or if an instrument of release signed by the Trustee is required releasing the Mortgagor from liability on the Mortgage Loan, the Master Servicer is authorized, subject to the requirements of the sentence next following, to execute and deliver, on behalf of the Trustee, the assumption agreement with the Person to whom the Mortgaged Property is to be conveyed and such modification agreement or supplement to the Mortgage Note or Mortgage or other instruments as are reasonable or necessary to carry out the terms of the Mortgage Note or Mortgage or otherwise to comply with any applicable laws regarding assumptions or the transfer of the Mortgaged Property to such Person; provided, however, none of such terms and requirements shall either (i) both (A) constitute a "significant modification" effecting an exchange or reissuance of such Mortgage Loan under the REMIC Provisions and (B) cause any portion of any REMIC formed under the Series Supplement to fail to qualify as a REMIC under the Code or (subject to Section 10.01(f)), result in the imposition of any tax on "prohibited transactions" or (ii) constitute "contributions" after the start-up date under the REMIC Provisions. The Master Servicer shall execute and deliver such documents only if it reasonably determines that (i) its execution and delivery thereof will not conflict with or violate any terms of this Agreement or cause the unpaid balance and interest on the Mortgage Loan to be uncollectible in whole or in part, (ii) any required consents of insurers under any Required Insurance Policies have been obtained and (iii) subsequent to the closing of the transaction involving the assumption or transfer (A) the Mortgage Loan will continue to be secured by a first mortgage lien pursuant to the terms of the Mortgage, (B) such transaction will not adversely affect the coverage under any Required Insurance Policies, (C) the Mortgage Loan will fully amortize over the remaining term thereof, (D) no material term of the Mortgage Loan (including the interest rate on the Mortgage Loan) will be altered nor will the term of the Mortgage Loan be changed and (E) if the seller/transferor of the Mortgaged Property is to be released from liability on the Mortgage Loan, such release will not (based on the Master Servicer's or Subservicer's good faith determination) adversely affect the collectability of the Mortgage Loan. Upon receipt of appropriate instructions from the Master Servicer in accordance with the foregoing, the Trustee shall execute any necessary instruments for such assumption or substitution of liability as directed in writing by the Master Servicer. Upon the closing of the transactions contemplated by such documents, the Master Servicer shall cause the originals or true and correct copies of the assumption agreement, the release (if any), or the modification or supplement to the Mortgage Note or Mortgage to be delivered to the Trustee or the Custodian and deposited with the Mortgage File for such Mortgage Loan. Any fee collected by the Master Servicer or such related Subservicer for entering into an assumption or substitution of liability agreement will be retained by the Master Servicer or such Subservicer as additional servicing compensation. (c) The Master Servicer or the related Subservicer, as the case may be, shall be entitled to approve a request from a Mortgagor for a partial release of the related Mortgaged Property, the granting of an easement thereon in favor of another Person, any alteration or demolition of the related Mortgaged Property (or, with respect to a Cooperative Loan, the 57 related Cooperative Apartment) without any right of reimbursement or other similar matters if it has determined, exercising its good faith business judgment in the same manner as it would if it were the owner of the related Mortgage Loan, that the security for, and the timely and full collectability of, such Mortgage Loan would not be adversely affected thereby and that any portion of any REMIC formed under the Series Supplement would not fail to continue to qualify as a REMIC under the Code as a result thereof and (subject to Section 10.01(f)) that no tax on "prohibited transactions" or "contributions" after the startup day would be imposed on any such REMIC as a result thereof. Any fee collected by the Master Servicer or the related Subservicer for processing such a request will be retained by the Master Servicer or such Subservicer as additional servicing compensation. (d) Subject to any other applicable terms and conditions of this Agreement, the Trustee and Master Servicer shall be entitled to approve an assignment in lieu of satisfaction with respect to any Mortgage Loan, provided the obligee with respect to such Mortgage Loan following such proposed assignment provides the Trustee and Master Servicer with a "Lender Certification for Assignment of Mortgage Loan" in the form attached hereto as Exhibit M, in form and substance satisfactory to the Trustee and Master Servicer, providing the following: (i) that the substance of the assignment is, and is intended to be, a refinancing of such Mortgage; (ii) that the Mortgage Loan following the proposed assignment will have a rate of interest at least 0.25 percent below or above the rate of interest on such Mortgage Loan prior to such proposed assignment; and (iii) that such assignment is at the request of the borrower under the related Mortgage Loan. Upon approval of an assignment in lieu of satisfaction with respect to any Mortgage Loan, the Master Servicer shall receive cash in an amount equal to the unpaid principal balance of and accrued interest on such Mortgage Loan and the Master Servicer shall treat such amount as a Principal Prepayment in Full with respect to such Mortgage Loan for all purposes hereof. Section 3.14. Realization Upon Defaulted Mortgage Loans. ----------------------------------------- (a) The Master Servicer shall foreclose upon or otherwise comparably convert (which may include an REO Acquisition) the ownership of properties securing such of the Mortgage Loans as come into and continue in default and as to which no satisfactory arrangements can be made for collection of delinquent payments pursuant to Section 3.07. Alternatively, the Master Servicer may take other actions in respect of a defaulted Mortgage Loan, which may include (i) accepting a short sale (a payoff of the Mortgage Loan for an amount less than the total amount contractually owed in order to facilitate a sale of the Mortgaged Property by the Mortgagor) or permitting a short refinancing (a payoff of the Mortgage Loan for an amount less than the total amount contractually owed in order to facilitate refinancing transactions by the Mortgagor not involving a sale of the Mortgaged Property), (ii) arranging for a repayment plan or (iii) agreeing to a modification in accordance with Section 3.07. In connection with such foreclosure or other conversion, the Master Servicer shall, consistent with Section 3.11, follow such practices and procedures as it shall deem necessary or advisable, as shall be normal and usual in its general mortgage servicing activities and as shall be required or permitted by the Program Guide; provided that the Master Servicer shall not be liable in any respect hereunder if the Master Servicer is acting in connection with any such foreclosure or other conversion in a manner that is consistent with the provisions of this Agreement. The Master Servicer, however, shall not be required to expend its own funds or incur other reimbursable charges in connection with any foreclosure, or 58 attempted foreclosure which is not completed, or towards the restoration of any property unless it shall determine (i) that such restoration and/or foreclosure will increase the proceeds of liquidation of the Mortgage Loan to Holders of Certificates of one or more Classes after reimbursement to itself for such expenses or charges and (ii) that such expenses or charges will be recoverable to it through Liquidation Proceeds, Insurance Proceeds, or REO Proceeds (respecting which it shall have priority for purposes of withdrawals from the Custodial Account pursuant to Section 3.10, whether or not such expenses and charges are actually recoverable from related Liquidation Proceeds, Insurance Proceeds or REO Proceeds). In the event of such a determination by the Master Servicer pursuant to this Section 3.14(a), the Master Servicer shall be entitled to reimbursement of such amounts pursuant to Section 3.10. In addition to the foregoing, the Master Servicer shall use its best reasonable efforts to realize upon any Additional Collateral for such of the Additional Collateral Loans as come into and continue in default and as to which no satisfactory arrangements can be made for collection of delinquent payments pursuant to Section 3.07; provided that the Master Servicer shall not, on behalf of the Trustee, obtain title to any such Additional Collateral as a result of or in lieu of the disposition thereof or otherwise; and provided further that (i) the Master Servicer shall not proceed with respect to such Additional Collateral in any manner that would impair the ability to recover against the related Mortgaged Property, and (ii) the Master Servicer shall proceed with any REO Acquisition in a manner that preserves the ability to apply the proceeds of such Additional Collateral against amounts owed under the defaulted Mortgage Loan. Any proceeds realized from such Additional Collateral (other than amounts to be released to the Mortgagor or the related guarantor in accordance with procedures that the Master Servicer would follow in servicing loans held for its own account, subject to the terms and conditions of the related Mortgage and Mortgage Note and to the terms and conditions of any security agreement, guarantee agreement, mortgage or other agreement governing the disposition of the proceeds of such Additional Collateral) shall be deposited in the Custodial Account, subject to withdrawal pursuant to Section 3.10. Any other payment received by the Master Servicer in respect of such Additional Collateral shall be deposited in the Custodial Account subject to withdrawal pursuant to Section 3.10. For so long as the Master Servicer is the Master Servicer under the Credit Support Pledge Agreement, the Master Servicer shall perform its obligations under the Credit Support Pledge Agreement in accordance with such Agreement and in a manner that is in the best interests of the Certificateholders. Further, the Master Servicer shall use its best reasonable efforts to realize upon any Pledged Assets for such of the Pledged Asset Loans as come into and continue in default and as to which no satisfactory arrangements can be made for collection of delinquent payments pursuant to Section 3.07; provided that the Master Servicer shall not, on behalf of the Trustee, obtain title to any such Pledged Assets as a result of or in lieu of the disposition thereof or otherwise; and provided further that (i) the Master Servicer shall not proceed with respect to such Pledged Assets in any manner that would impair the ability to recover against the related Mortgaged Property, and (ii) the Master Servicer shall proceed with any REO Acquisition in a manner that preserves the ability to apply the proceeds of such Pledged Assets against amounts owed under the defaulted Mortgage Loan. Any proceeds realized from such Pledged Assets (other than amounts to be released to the Mortgagor or the related guarantor in accordance with procedures that the Master Servicer would follow in servicing loans held for its own account, subject to the terms and 59 conditions of the related Mortgage and Mortgage Note and to the terms and conditions of any security agreement, guarantee agreement, mortgage or other agreement governing the disposition of the proceeds of such Pledged Assets) shall be deposited in the Custodial Account, subject to withdrawal pursuant to Section 3.10. Any other payment received by the Master Servicer in respect of such Pledged Assets shall be deposited in the Custodial Account subject to withdrawal pursuant to Section 3.10. Concurrently with the foregoing, the Master Servicer may pursue any remedies that may be available in connection with a breach of a representation and warranty with respect to any such Mortgage Loan in accordance with Sections 2.03 and 2.04. However, the Master Servicer is not required to continue to pursue both foreclosure (or similar remedies) with respect to the Mortgage Loans and remedies in connection with a breach of a representation and warranty if the Master Servicer determines in its reasonable discretion that one such remedy is more likely to result in a greater recovery as to the Mortgage Loan. Upon the occurrence of a Cash Liquidation or REO Disposition, following the deposit in the Custodial Account of all Insurance Proceeds, Liquidation Proceeds and other payments and recoveries referred to in the definition of "Cash Liquidation" or "REO Disposition," as applicable, upon receipt by the Trustee of written notification of such deposit signed by a Servicing Officer, the Trustee or any Custodian, as the case may be, shall release to the Master Servicer the related Mortgage File and the Trustee shall execute and deliver such instruments of transfer or assignment prepared by the Master Servicer, in each case without recourse, as shall be necessary to vest in the Master Servicer or its designee, as the case may be, the related Mortgage Loan, and thereafter such Mortgage Loan shall not be part of the Trust Fund. Notwithstanding the foregoing or any other provision of this Agreement, in the Master Servicer's sole discretion with respect to any defaulted Mortgage Loan or REO Property as to either of the following provisions, (i) a Cash Liquidation or REO Disposition may be deemed to have occurred if substantially all amounts expected by the Master Servicer to be received in connection with the related defaulted Mortgage Loan or REO Property have been received, and (ii) for purposes of determining the amount of any Liquidation Proceeds, Insurance Proceeds, REO Proceeds or any other unscheduled collections or the amount of any Realized Loss, the Master Servicer may take into account minimal amounts of additional receipts expected to be received or any estimated additional liquidation expenses expected to be incurred in connection with the related defaulted Mortgage Loan or REO Property. (b) If title to any Mortgaged Property is acquired by the Trust Fund as an REO Property by foreclosure or by deed in lieu of foreclosure, the deed or certificate of sale shall be issued to the Trustee or to its nominee on behalf of Certificateholders. Notwithstanding any such acquisition of title and cancellation of the related Mortgage Loan, such REO Property shall (except as otherwise expressly provided herein) be considered to be an Outstanding Mortgage Loan held in the Trust Fund until such time as the REO Property shall be sold. Consistent with the foregoing for purposes of all calculations hereunder so long as such REO Property shall be considered to be an Outstanding Mortgage Loan it shall be assumed that, notwithstanding that the indebtedness evidenced by the related Mortgage Note shall have been discharged, such Mortgage Note and the related amortization schedule in effect at the time of any such acquisition of title (after giving effect to any previous Curtailments and before any adjustment thereto by reason of any bankruptcy or similar proceeding or any moratorium or similar waiver or grace period) remain in effect. 60 (c) If the Trust Fund acquires any REO Property as aforesaid or otherwise in connection with a default or imminent default on a Mortgage Loan, the Master Servicer on behalf of the Trust Fund shall dispose of such REO Property as soon as practicable, giving due consideration to the interests of the Certificateholders, but in all cases within three full years after the taxable year of its acquisition by the Trust Fund for purposes of Section 860G(a)(8) of the Code (or such shorter period as may be necessary under applicable state (including any state in which such property is located) law to maintain the status of any portion of any REMIC formed under the Series Supplement as a REMIC under applicable state law and avoid taxes resulting from such property failing to be foreclosure property under applicable state law) or, at the expense of the Trust Fund, request, more than 60 days before the day on which such grace period would otherwise expire, an extension of such grace period unless the Master Servicer (subject to Section 10.01(f)) obtains for the Trustee an Opinion of Counsel, addressed to the Trustee and the Master Servicer, to the effect that the holding by the Trust Fund of such REO Property subsequent to such period will not result in the imposition of taxes on "prohibited transactions" as defined in Section 860F of the Code or cause any REMIC formed under the Series Supplement to fail to qualify as a REMIC (for federal (or any applicable State or local) income tax purposes) at any time that any Certificates are outstanding, in which case the Trust Fund may continue to hold such REO Property (subject to any conditions contained in such Opinion of Counsel). The Master Servicer shall be entitled to be reimbursed from the Custodial Account for any costs incurred in obtaining such Opinion of Counsel, as provided in Section 3.10. Notwithstanding any other provision of this Agreement, no REO Property acquired by the Trust Fund shall be rented (or allowed to continue to be rented) or otherwise used by or on behalf of the Trust Fund in such a manner or pursuant to any terms that would (i) cause such REO Property to fail to qualify as "foreclosure property" within the meaning of Section 860G(a)(8) of the Code or (ii) subject the Trust Fund to the imposition of any federal income taxes on the income earned from such REO Property, including any taxes imposed by reason of Section 860G(c) of the Code, unless the Master Servicer has agreed to indemnify and hold harmless the Trust Fund with respect to the imposition of any such taxes. (d) The proceeds of any Cash Liquidation, REO Disposition or purchase or repurchase of any Mortgage Loan pursuant to the terms of this Agreement, as well as any recovery resulting from a collection of Liquidation Proceeds, Insurance Proceeds or REO Proceeds, will be applied in the following order of priority: first, to reimburse the Master Servicer or the related Subservicer in accordance with Section 3.10(a)(ii); second, to the Certificateholders to the extent of accrued and unpaid interest on the Mortgage Loan, and any related REO Imputed Interest, at the Net Mortgage Rate (or the Modified Net Mortgage Rate in the case of a Modified Mortgage Loan) to the Due Date prior to the Distribution Date on which such amounts are to be distributed; third, to the Certificateholders as a recovery of principal on the Mortgage Loan (or REO Property); fourth, to all Servicing Fees and Subservicing Fees payable therefrom (and the Master Servicer and the Subservicer shall have no claims for any deficiencies with respect to such fees which result from the foregoing allocation); and fifth, to Foreclosure Profits. 61 (e) In the event of a default on a Mortgage Loan one or more of whose obligors is not a United States Person, in connection with any foreclosure or acquisition of a deed in lieu of foreclosure (together, "foreclosure") in respect of such Mortgage Loan, the Master Servicer will cause compliance with the provisions of Treasury Regulation Section 1.1445-2(d)(3) (or any successor thereto) necessary to assure that no withholding tax obligation arises with respect to the proceeds of such foreclosure except to the extent, if any, that proceeds of such foreclosure are required to be remitted to the obligors on such Mortgage Loan. Section 3.15. Trustee to Cooperate; Release of Mortgage Files. ----------------------------------------------- (a) Upon becoming aware of the payment in full of any Mortgage Loan, or upon the receipt by the Master Servicer of a notification that payment in full will be escrowed in a manner customary for such purposes, the Master Servicer will immediately notify the Trustee (if it holds the related Mortgage File) or the Custodian by a certification of a Servicing Officer (which certification shall include a statement to the effect that all amounts received or to be received in connection with such payment which are required to be deposited in the Custodial Account pursuant to Section 3.07 have been or will be so deposited), substantially in one of the forms attached hereto as Exhibit F, or, in the case of the Custodian, an electronic request in a form acceptable to the Custodian, requesting delivery to it of the Mortgage File. Within two Business Days of receipt of such certification and request, the Trustee shall release, or cause the Custodian to release, the related Mortgage File to the Master Servicer. The Master Servicer is authorized to execute and deliver to the Mortgagor the request for reconveyance, deed of reconveyance or release or satisfaction of mortgage or such instrument releasing the lien of the Mortgage, together with the Mortgage Note with, as appropriate, written evidence of cancellation thereon and to cause the removal from the registration on the MERS(R) System of such Mortgage and to execute and deliver, on behalf of the Trustee and the Certificateholders or any of them, any and all instruments of satisfaction or cancellation or of partial or full release. No expenses incurred in connection with any instrument of satisfaction or deed of reconveyance shall be chargeable to the Custodial Account or the Certificate Account. (b) From time to time as is appropriate for the servicing or foreclosure of any Mortgage Loan, the Master Servicer shall deliver to the Custodian, with a copy to the Trustee, a certificate of a Servicing Officer substantially in one of the forms attached as Exhibit F hereto, or, in the case of the Custodian, an electronic request in a form acceptable to the Custodian, requesting that possession of all, or any document constituting part of, the Mortgage File be released to the Master Servicer and certifying as to the reason for such release and that such release will not invalidate any insurance coverage provided in respect of the Mortgage Loan under any Required Insurance Policy. Upon receipt of the foregoing, the Trustee shall deliver, or cause the Custodian to deliver, the Mortgage File or any document therein to the Master Servicer. The Master Servicer shall cause each Mortgage File or any document therein so released to be returned to the Trustee, or the Custodian as agent for the Trustee when the need therefor by the Master Servicer no longer exists, unless (i) the Mortgage Loan has been liquidated and the Liquidation Proceeds relating to the Mortgage Loan have been deposited in the Custodial Account or (ii) the Mortgage File or such document has been delivered directly or through a Subservicer to an attorney, or to a public trustee or other public official as required by law, for purposes of initiating or pursuing legal action or other proceedings for the foreclosure of the Mortgaged Property either judicially or non-judicially, and the Master Servicer has delivered directly or through a Subservicer to the 62 Trustee a certificate of a Servicing Officer certifying as to the name and address of the Person to which such Mortgage File or such document was delivered and the purpose or purposes of such delivery. In the event of the liquidation of a Mortgage Loan, the Trustee shall deliver the Request for Release with respect thereto to the Master Servicer upon deposit of the related Liquidation Proceeds in the Custodial Account. (c) The Trustee or the Master Servicer on the Trustee's behalf shall execute and deliver to the Master Servicer, if necessary, any court pleadings, requests for trustee's sale or other documents necessary to the foreclosure or trustee's sale in respect of a Mortgaged Property or to any legal action brought to obtain judgment against any Mortgagor on the Mortgage Note or Mortgage or to obtain a deficiency judgment, or to enforce any other remedies or rights provided by the Mortgage Note or Mortgage or otherwise available at law or in equity. Together with such documents or pleadings (if signed by the Trustee), the Master Servicer shall deliver to the Trustee a certificate of a Servicing Officer requesting that such pleadings or documents be executed by the Trustee and certifying as to the reason such documents or pleadings are required and that the execution and delivery thereof by the Trustee will not invalidate any insurance coverage under any Required Insurance Policy or invalidate or otherwise affect the lien of the Mortgage, except for the termination of such a lien upon completion of the foreclosure or trustee's sale. Section 3.16. Servicing and Other Compensation; Compensating Interest. --------------------------------------------------------- (a) The Master Servicer, as compensation for its activities hereunder, shall be entitled to receive on each Distribution Date the amounts provided for by clauses (iii), (iv), (v) and (vi) of Section 3.10(a), subject to clause (e) below. The amount of servicing compensation provided for in such clauses shall be accounted for on a Mortgage Loan-by-Mortgage Loan basis. In the event that Liquidation Proceeds, Insurance Proceeds and REO Proceeds (net of amounts reimbursable therefrom pursuant to Section 3.10(a)(ii)) in respect of a Cash Liquidation or REO Disposition exceed the unpaid principal balance of such Mortgage Loan plus unpaid interest accrued thereon (including REO Imputed Interest) at a per annum rate equal to the related Net Mortgage Rate (or the Modified Net Mortgage Rate in the case of a Modified Mortgage Loan), the Master Servicer shall be entitled to retain therefrom and to pay to itself and/or the related Subservicer, any Foreclosure Profits and any Servicing Fee or Subservicing Fee considered to be accrued but unpaid. (b) Additional servicing compensation in the form of prepayment charges, assumption fees, late payment charges, investment income on amounts in the Custodial Account or the Certificate Account or otherwise shall be retained by the Master Servicer or the Subservicer to the extent provided herein, subject to clause (e) below. (c) The Master Servicer shall be required to pay, or cause to be paid, all expenses incurred by it in connection with its servicing activities hereunder (including payment of premiums for the Primary Insurance Policies, if any, to the extent such premiums are not required to be paid by the related Mortgagors, and the fees and expenses of the Trustee and any Custodian) and shall not be entitled to reimbursement therefor except as specifically provided in Sections 3.10 and 3.14. 63 (d) The Master Servicer's right to receive servicing compensation may not be transferred in whole or in part except in connection with the transfer of all of its responsibilities and obligations of the Master Servicer under this Agreement. (e) Notwithstanding any other provision herein, the amount of servicing compensation that the Master Servicer shall be entitled to receive for its activities hereunder for the period ending on each Distribution Date shall be reduced (but not below zero) by an amount equal to Compensating Interest (if any) for such Distribution Date. Such reduction shall be applied during such period as follows: first, to any Servicing Fee or Subservicing Fee to which the Master Servicer is entitled pursuant to Section 3.10(a)(iii), and second, to any income or gain realized from any investment of funds held in the Custodial Account or the Certificate Account to which the Master Servicer is entitled pursuant to Sections 3.07(c) or 4.01(b), respectively. In making such reduction, the Master Servicer (i) will not withdraw from the Custodial Account any such amount representing all or a portion of the Servicing Fee to which it is entitled pursuant to Section 3.10(a)(iii), and (ii) will not withdraw from the Custodial Account or Certificate Account any such amount to which it is entitled pursuant to Section 3.07(c) or 4.01(b). Section 3.17. Reports to the Trustee and the Company. -------------------------------------- Not later than fifteen days after each Distribution Date, the Master Servicer shall forward to the Trustee and the Company a statement, certified by a Servicing Officer, setting forth the status of the Custodial Account as of the close of business on such Distribution Date as it relates to the Mortgage Loans and showing, for the period covered by such statement, the aggregate of deposits in or withdrawals from the Custodial Account in respect of the Mortgage Loans for each category of deposit specified in Section 3.07 and each category of withdrawal specified in Section 3.10. Section 3.18. Annual Statement as to Compliance. --------------------------------- The Master Servicer will deliver to the Company and the Trustee on or before the earlier of (a) March 31 of each year, beginning with the first March 31 that occurs at least six months after the Cut-off Date or (b) with respect to any calendar year during which the Company's annual report on Form 10-K is required to be filed in accordance with the Exchange Act and the rules and regulations of the Commission, the date on which the annual report on Form 10-K is required to be filed in accordance with the Exchange Act and the rules and regulations of the Commission, an Officers' Certificate stating, as to each signer thereof, that (i) a review of the activities of the Master Servicer during the preceding calendar year related to its servicing of mortgage loans and its performance under pooling and servicing agreements, including this Agreement, has been made under such officers' supervision, (ii) to the best of such officers' knowledge, based on such review, the Master Servicer has complied in all material respects with the minimum servicing standards set forth in the Uniform Single Attestation Program for Mortgage Bankers and has fulfilled all of its material obligations relating to this Agreement in all material respects throughout such year, or, if there has been material noncompliance with such servicing standards or a default in the fulfillment in all material respects of any such obligation relating to this Agreement, such statement shall include a description of such noncompliance or specify each such default, as the case may be, known to such officer and the nature and status thereof and (iii) to the best of such officers' knowledge, each Subservicer has complied in all material 64 respects with the minimum servicing standards set forth in the Uniform Single Attestation Program for Mortgage Bankers and has fulfilled all of its material obligations under its Subservicing Agreement in all material respects throughout such year, or, if there has been material noncompliance with such servicing standards or a material default in the fulfillment of such obligations relating to this Agreement, such statement shall include a description of such noncompliance or specify each such default, as the case may be, known to such officer and the nature and status thereof. Section 3.19. Annual Independent Public Accountants' Servicing Report. On or before the earlier of (a) March 31 of each year, beginning with the first March 31 that occurs at least six months after the Cut-off Date, or (b) with respect to any calendar year during which the Company's annual report on Form 10-K is required to be filed in accordance with the Exchange Act and the rules and regulations of the Commission, the date on which the annual report is required to be filed in accordance with the Exchange Act and the rules and regulations of the Commission, the Master Servicer at its expense shall cause a firm of independent public accountants, which shall be members of the American Institute of Certified Public Accountants, to furnish a report to the Company and the Trustee stating its opinion that, on the basis of an examination conducted by such firm substantially in accordance with standards established by the American Institute of Certified Public Accountants, the assertions made pursuant to Section 3.18 regarding compliance with the minimum servicing standards set forth in the Uniform Single Attestation Program for Mortgage Bankers during the preceding calendar year are fairly stated in all material respects, subject to such exceptions and other qualifications that, in the opinion of such firm, such accounting standards require it to report. In rendering such statement, such firm may rely, as to matters relating to the direct servicing of mortgage loans by Subservicers, upon comparable statements for examinations conducted by independent public accountants substantially in accordance with standards established by the American Institute of Certified Public Accountants (rendered within one year of such statement) with respect to such Subservicers. Section 3.20. Rights of the Company in Respect of the Master Servicer. -------------------------------------------------------- The Master Servicer shall afford the Company, upon reasonable notice, during normal business hours access to all records maintained by the Master Servicer in respect of its rights and obligations hereunder and access to officers of the Master Servicer responsible for such obligations. Upon request, the Master Servicer shall furnish the Company with its most recent financial statements and such other information as the Master Servicer possesses regarding its business, affairs, property and condition, financial or otherwise. The Master Servicer shall also cooperate with all reasonable requests for information including, but not limited to, notices, tapes and copies of files, regarding itself, the Mortgage Loans or the Certificates from any Person or Persons identified by the Company or Residential Funding. The Company may, but is not obligated to, enforce the obligations of the Master Servicer hereunder and may, but is not obligated to, perform, or cause a designee to perform, any defaulted obligation of the Master Servicer hereunder or exercise the rights of the Master Servicer hereunder; provided that the Master Servicer shall not be relieved of any of its obligations hereunder by virtue of such performance by the Company or its designee. The Company shall not have any responsibility or 65 liability for any action or failure to act by the Master Servicer and is not obligated to supervise the performance of the Master Servicer under this Agreement or otherwise. Section 3.21. Administration of Buydown Funds (a) With respect to any Buydown Mortgage Loan, the Subservicer has deposited Buydown Funds in an account that satisfies the requirements for a Subservicing Account (the "Buydown Account"). The Master Servicer shall cause the Subservicing Agreement to require that upon receipt from the Mortgagor of the amount due on a Due Date for each Buydown Mortgage Loan, the Subservicer will withdraw from the Buydown Account the predetermined amount that, when added to the amount due on such date from the Mortgagor, equals the full Monthly Payment and transmit that amount in accordance with the terms of the Subservicing Agreement to the Master Servicer together with the related payment made by the Mortgagor or advanced by the Subservicer. (b) If the Mortgagor on a Buydown Mortgage Loan prepays such loan in its entirety during the period (the "Buydown Period") when Buydown Funds are required to be applied to such Buydown Mortgage Loan, the Subservicer shall be required to withdraw from the Buydown Account and remit any Buydown Funds remaining in the Buydown Account in accordance with the related buydown agreement. The amount of Buydown Funds which may be remitted in accordance with the related buydown agreement may reduce the amount required to be paid by the Mortgagor to fully prepay the related Mortgage Loan. If the Mortgagor on a Buydown Mortgage Loan defaults on such Mortgage Loan during the Buydown Period and the property securing such Buydown Mortgage Loan is sold in the liquidation thereof (either by the Master Servicer or the insurer under any related Primary Insurance Policy), the Subservicer shall be required to withdraw from the Buydown Account the Buydown Funds for such Buydown Mortgage Loan still held in the Buydown Account and remit the same to the Master Servicer in accordance with the terms of the Subservicing Agreement for deposit in the Custodial Account or, if instructed by the Master Servicer, pay to the insurer under any related Primary Insurance Policy if the Mortgaged Property is transferred to such insurer and such insurer pays all of the loss incurred in respect of such default. Any amount so remitted pursuant to the preceding sentence will be deemed to reduce the amount owed on the Mortgage Loan. 66 ARTICLE IV PAYMENTS TO CERTIFICATEHOLDERS Section 4.01. Certificate Account. (a) The Master Servicer on behalf of the Trustee shall establish and maintain a Certificate Account in which the Master Servicer shall cause to be deposited on behalf of the Trustee on or before 2:00 P.M. New York time on each Certificate Account Deposit Date by wire transfer of immediately available funds an amount equal to the sum of (i) any Advance for the immediately succeeding Distribution Date, (ii) any amount required to be deposited in the Certificate Account pursuant to Section 3.12(a), (iii) any amount required to be deposited in the Certificate Account pursuant to Section 3.16(e) or Section 4.07, (iv) any amount required to be paid pursuant to Section 9.01 and (v) all other amounts constituting the Available Distribution Amount for the immediately succeeding Distribution Date. (b) The Trustee shall, upon written request from the Master Servicer, invest or cause the institution maintaining the Certificate Account to invest the funds in the Certificate Account in Permitted Investments designated in the name of the Trustee for the benefit of the Certificateholders, which shall mature or be payable on demand not later than the Business Day next preceding the Distribution Date next following the date of such investment (except that (i) any investment in the institution with which the Certificate Account is maintained may mature or be payable on demand on such Distribution Date and (ii) any other investment may mature or be payable on demand on such Distribution Date if the Trustee shall advance funds on such Distribution Date to the Certificate Account in the amount payable on such investment on such Distribution Date, pending receipt thereof to the extent necessary to make distributions on the Certificates) and shall not be sold or disposed of prior to maturity. Subject to Section 3.16(e), all income and gain realized from any such investment shall be for the benefit of the Master Servicer and shall be subject to its withdrawal or order from time to time. The amount of any losses incurred in respect of any such investments shall be deposited in the Certificate Account by the Master Servicer out of its own funds immediately as realized without any right of reimbursement. The Trustee or its Affiliates are permitted to receive compensation that could be deemed to be in the Trustee's economic self-interest for (i) serving as investment adviser (with respect to investments made through its Affiliates), administrator, shareholder servicing agent, custodian or sub-custodian with respect to certain of the Permitted Investments, (ii) using Affiliates to effect transactions in certain Permitted Investments and (iii) effecting transactions in certain Permitted Investments. Section 4.02. Distributions. ------------- As provided in Section 4.02 of the Series Supplement. Section 4.03. Statements to Certificateholders; Statements to Rating Agencies; Exchange Act Reporting. (a) Concurrently with each distribution charged to the Certificate Account and with respect to each Distribution Date the Master Servicer shall forward to the Trustee and the Trustee shall either forward by 67 mail or make available to each Holder and the Company, via the Trustee's internet website, a statement (and at its option, any additional files containing the same information in an alternative format) setting forth information as to each Class of Certificates, the Mortgage Pool and, if the Mortgage Pool is comprised of two or more Loan Groups, each Loan Group, to the extent applicable. This statement will include the information set forth in an exhibit to the Series Supplement. Such exhibit shall set forth the Trustee's internet website address together with a phone number. The Trustee shall mail to each Holder that requests a paper copy by telephone a paper copy via first class mail. The Trustee may modify the distribution procedures set forth in this Section provided that such procedures are no less convenient for the Certificateholders. The Trustee shall provide prior notification to the Company, the Master Servicer and the Certificateholders regarding any such modification. In addition, the Master Servicer shall provide to any manager of a trust fund consisting of some or all of the Certificates, upon reasonable request, such additional information as is reasonably obtainable by the Master Servicer at no additional expense to the Master Servicer. Also, at the request of a Rating Agency, the Master Servicer shall provide the information relating to the Reportable Modified Mortgage Loans substantially in the form attached hereto as Exhibit Q to such Rating Agency within a reasonable period of time; provided, however, that the Master Servicer shall not be required to provide such information more than four times in a calendar year to any Rating Agency. (b) Within a reasonable period of time after the end of each calendar year, the Master Servicer shall prepare, or cause to be prepared, and shall forward, or cause to be forwarded, to each Person who at any time during the calendar year was the Holder of a Certificate, other than a Class R Certificate, a statement containing the information set forth in clauses (i) and (ii) of the exhibit to the Series Supplement referred to in subsection (a) above aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Master Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Master Servicer pursuant to any requirements of the Code. (c) Within a reasonable period of time after the end of each calendar year, the Master Servicer shall prepare, or cause to be prepared, and shall forward, or cause to be forwarded, to each Person who at any time during the calendar year was the Holder of a Class R Certificate, a statement containing the applicable distribution information provided pursuant to this Section 4.03 aggregated for such calendar year or applicable portion thereof during which such Person was the Holder of a Class R Certificate. Such obligation of the Master Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Master Servicer pursuant to any requirements of the Code. (d) Upon the written request of any Certificateholder, the Master Servicer, as soon as reasonably practicable, shall provide the requesting Certificateholder with such information as is necessary and appropriate, in the Master Servicer's sole discretion, for purposes of satisfying applicable reporting requirements under Rule 144A. (e) The Master Servicer shall, on behalf of the Depositor and in respect of the Trust Fund, sign and cause to be filed with the Commission any periodic reports required to be filed under the provisions of the Exchange Act, 68 and the rules and regulations of the Commission thereunder. In connection with the preparation and filing of such periodic reports, the Trustee shall timely provide to the Master Servicer (I) a list of Certificateholders as shown on the Certificate Register as of the end of each calendar year, (II) copies of all pleadings, other legal process and any other documents relating to any claims, charges or complaints involving the Trustee, as trustee hereunder, or the Trust Fund that are received by the Trustee, (III) notice of all matters that, to the actual knowledge of a Responsible Officer of the Trustee, have been submitted to a vote of the Certificateholders, other than those matters that have been submitted to a vote of the Certificateholders at the request of the Depositor or the Master Servicer, and (IV) notice of any failure of the Trustee to make any distribution to the Certificateholders as required pursuant to the Series Supplement. Neither the Master Servicer nor the Trustee shall have any liability with respect to the Master Servicer's failure to properly prepare or file such periodic reports resulting from or relating to the Master Servicer's inability or failure to obtain any information not resulting from the Master Servicer's own negligence or willful misconduct. Any Form 10-K filed with the Commission in connection with this Section 4.03(e) shall include a certification, signed by the senior officer in charge of the servicing functions of the Master Servicer, in the form attached as Exhibit O hereto or such other form as may be required or permitted by the Commission (the "Form 10-K Certification"), in compliance with Rules 13a-14 and 15d-14 under the Exchange Act and any additional directives of the Commission. In connection with the Form 10-K Certification, the Trustee shall provide the Master Servicer with a back-up certification substantially in the form attached hereto as Exhibit P. This Section 4.03(e) may be amended in accordance with this Agreement without the consent of the Certificateholders. Section 4.04. Distribution of Reports to the Trustee and the Company; Advances by the Master Servicer. (a) Prior to the close of business on the Determination Date, the Master Servicer shall furnish a written statement to the Trustee, any Certificate Insurer, any Paying Agent and the Company (the information in such statement to be made available to Certificateholders by the Master Servicer on request) setting forth (i) the Available Distribution Amount and (ii) the amounts required to be withdrawn from the Custodial Account and deposited into the Certificate Account on the immediately succeeding Certificate Account Deposit Date pursuant to clause (iii) of Section 4.01(a). The determination by the Master Servicer of such amounts shall, in the absence of obvious error, be presumptively deemed to be correct for all purposes hereunder and the Trustee shall be protected in relying upon the same without any independent check or verification. (b) On or before 2:00 P.M. New York time on each Certificate Account Deposit Date, the Master Servicer shall either (i) deposit in the Certificate Account from its own funds, or funds received therefor from the Subservicers, an amount equal to the Advances to be made by the Master Servicer in respect of the related Distribution Date, which shall be in an aggregate amount equal to the aggregate amount of Monthly Payments (with each interest portion thereof adjusted to the Net Mortgage Rate), less the amount of any related Servicing Modifications, Debt Service Reductions or reductions in the amount of interest collectable from the Mortgagor pursuant to the Soldiers' and Sailors' Civil Relief Act of 1940, as amended, or similar legislation or regulations then in effect, on the Outstanding Mortgage Loans as of the related Due Date, which 69 Monthly Payments were not received as of the close of business as of the related Determination Date; provided that no Advance shall be made if it would be a Nonrecoverable Advance, (ii) withdraw from amounts on deposit in the Custodial Account and deposit in the Certificate Account all or a portion of the Amount Held for Future Distribution in discharge of any such Advance, or (iii) make advances in the form of any combination of (i) and (ii) aggregating the amount of such Advance. Any portion of the Amount Held for Future Distribution so used shall be replaced by the Master Servicer by deposit in the Certificate Account on or before 11:00 A.M. New York time on any future Certificate Account Deposit Date to the extent that funds attributable to the Mortgage Loans that are available in the Custodial Account for deposit in the Certificate Account on such Certificate Account Deposit Date shall be less than payments to Certificateholders required to be made on the following Distribution Date. The Master Servicer shall be entitled to use any Advance made by a Subservicer as described in Section 3.07(b) that has been deposited in the Custodial Account on or before such Distribution Date as part of the Advance made by the Master Servicer pursuant to this Section 4.04. The amount of any reimbursement pursuant to Section 4.02(a) in respect of outstanding Advances on any Distribution Date shall be allocated to specific Monthly Payments due but delinquent for previous Due Periods, which allocation shall be made, to the extent practicable, to Monthly Payments which have been delinquent for the longest period of time. Such allocations shall be conclusive for purposes of reimbursement to the Master Servicer from recoveries on related Mortgage Loans pursuant to Section 3.10. The determination by the Master Servicer that it has made a Nonrecoverable Advance or that any proposed Advance, if made, would constitute a Nonrecoverable Advance, shall be evidenced by an Officers' Certificate of the Master Servicer delivered to the Company and the Trustee. If the Master Servicer determines as of the Business Day preceding any Certificate Account Deposit Date that it will be unable to deposit in the Certificate Account an amount equal to the Advance required to be made for the immediately succeeding Distribution Date, it shall give notice to the Trustee of its inability to advance (such notice may be given by telecopy), not later than 3:00 P.M., New York time, on such Business Day, specifying the portion of such amount that it will be unable to deposit. Not later than 3:00 P.M., New York time, on the Certificate Account Deposit Date the Trustee shall, unless by 12:00 Noon, New York time, on such day the Trustee shall have been notified in writing (by telecopy) that the Master Servicer shall have directly or indirectly deposited in the Certificate Account such portion of the amount of the Advance as to which the Master Servicer shall have given notice pursuant to the preceding sentence, pursuant to Section 7.01, (a) terminate all of the rights and obligations of the Master Servicer under this Agreement in accordance with Section 7.01 and (b) assume the rights and obligations of the Master Servicer hereunder, including the obligation to deposit in the Certificate Account an amount equal to the Advance for the immediately succeeding Distribution Date. The Trustee shall deposit all funds it receives pursuant to this Section 4.04 into the Certificate Account. 70 Section 4.05. Allocation of Realized Losses. ----------------------------- As provided in Section 4.05 of the Series Supplement. Section 4.06. Reports of Foreclosures and Abandonment of Mortgaged Property. -------------------------------------------------------------- The Master Servicer or the Subservicers shall file information returns with respect to the receipt of mortgage interests received in a trade or business, the reports of foreclosures and abandonments of any Mortgaged Property and the information returns relating to cancellation of indebtedness income with respect to any Mortgaged Property required by Sections 6050H, 6050J and 6050P, respectively, of the Code, and deliver to the Trustee an Officers' Certificate on or before March 31 of each year stating that such reports have been filed. Such reports shall be in form and substance sufficient to meet the reporting requirements imposed by Sections 6050H, 6050J and 6050P of the Code. Section 4.07. Optional Purchase of Defaulted Mortgage Loans. ---------------------------------------------- As to any Mortgage Loan which is delinquent in payment by 90 days or more, the Master Servicer may, at its option, purchase such Mortgage Loan from the Trustee at the Purchase Price therefor. If at any time the Master Servicer makes a payment to the Certificate Account covering the amount of the Purchase Price for such a Mortgage Loan, and the Master Servicer provides to the Trustee a certification signed by a Servicing Officer stating that the amount of such payment has been deposited in the Certificate Account, then the Trustee shall execute the assignment of such Mortgage Loan at the request of the Master Servicer without recourse to the Master Servicer, which shall succeed to all the Trustee's right, title and interest in and to such Mortgage Loan, and all security and documents relative thereto. Such assignment shall be an assignment outright and not for security. The Master Servicer will thereupon own such Mortgage, and all such security and documents, free of any further obligation to the Trustee or the Certificateholders with respect thereto. If, however, the Master Servicer shall have exercised its right to repurchase a Mortgage Loan pursuant to this Section 4.07 upon the written request of and with funds provided by the Junior Certificateholder and thereupon transferred such Mortgage Loan to the Junior Certificateholder, the Master Servicer shall so notify the Trustee in writing. Section 4.08. Surety Bond. ----------- (a) If a Required Surety Payment is payable pursuant to the Surety Bond with respect to any Additional Collateral Loan, the Master Servicer shall so notify the Trustee as soon as reasonably practicable and the Trustee shall promptly complete the notice in the form of Attachment 1 to the Surety Bond and shall promptly submit such notice to the Surety as a claim for a Required Surety. The Master Servicer shall upon request assist the Trustee in completing such notice and shall provide any information requested by the Trustee in connection therewith. (b) Upon receipt of a Required Surety Payment from the Surety on behalf of the Holders of Certificates, the Trustee shall deposit such Required Surety Payment 71 in the Certificate Account and shall distribute such Required Surety Payment, or the proceeds thereof, in accordance with the provisions of Section 4.02. (c) The Trustee shall (i) receive as attorney-in-fact of each Holder of a Certificate any Required Surety Payment from the Surety and (ii) disburse the same to the Holders of such Certificates as set forth in Section 4.02. 72 ARTICLE V THE CERTIFICATES Section 5.01. The Certificates. ---------------- (a) The Senior, Class M, Class B and Class R Certificates shall be substantially in the forms set forth in Exhibits A, B, C and D, respectively, and shall, on original issue, be executed and delivered by the Trustee to the Certificate Registrar for authentication and delivery to or upon the order of the Company upon receipt by the Trustee or one or more Custodians of the documents specified in Section 2.01. The Certificates shall be issuable in the minimum denominations designated in the Preliminary Statement to the Series Supplement. The Certificates shall be executed by manual or facsimile signature on behalf of an authorized officer of the Trustee. Certificates bearing the manual or facsimile signatures of individuals who were at any time the proper officers of the Trustee shall bind the Trustee, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Certificate or did not hold such offices at the date of such Certificates. No Certificate shall be entitled to any benefit under this Agreement, or be valid for any purpose, unless there appears on such Certificate a certificate of authentication substantially in the form provided for herein executed by the Certificate Registrar by manual signature, and such certificate upon any Certificate shall be conclusive evidence, and the only evidence, that such Certificate has been duly authenticated and delivered hereunder. All Certificates shall be dated the date of their authentication. (b) Except as provided below, registration of Book-Entry Certificates may not be transferred by the Trustee except to another Depository that agrees to hold such Certificates for the respective Certificate Owners with Ownership Interests therein. The Holders of the Book-Entry Certificates shall hold their respective Ownership Interests in and to each of such Certificates through the book-entry facilities of the Depository and, except as provided below, shall not be entitled to Definitive Certificates in respect of such Ownership Interests. All transfers by Certificate Owners of their respective Ownership Interests in the Book-Entry Certificates shall be made in accordance with the procedures established by the Depository Participant or brokerage firm representing such Certificate Owner. Each Depository Participant shall transfer the Ownership Interests only in the Book-Entry Certificates of Certificate Owners it represents or of brokerage firms for which it acts as agent in accordance with the Depository's normal procedures. The Trustee, the Master Servicer and the Company may for all purposes (including the making of payments due on the respective Classes of Book-Entry Certificates) deal with the Depository as the authorized representative of the Certificate Owners with respect to the respective Classes of Book-Entry Certificates for the purposes of exercising the rights of Certificateholders hereunder. The rights of Certificate Owners with respect to the respective Classes of Book-Entry Certificates shall be limited to those established by law and agreements between such Certificate Owners and the Depository Participants and brokerage firms representing such Certificate Owners. Multiple requests and directions from, and votes of, the Depository as Holder of any Class of Book-Entry Certificates with respect to any particular matter shall not be 73 deemed inconsistent if they are made with respect to different Certificate Owners. The Trustee may establish a reasonable record date in connection with solicitations of consents from or voting by Certificateholders and shall give notice to the Depository of such record date. If (i)(A) the Company advises the Trustee in writing that the Depository is no longer willing or able to properly discharge its responsibilities as Depository and (B) the Company is unable to locate a qualified successor or (ii) the Company at its option advises the Trustee in writing that it elects to terminate the book-entry system through the Depository, the Trustee shall notify all Certificate Owners, through the Depository, of the occurrence of any such event and of the availability of Definitive Certificates to Certificate Owners requesting the same. Upon surrender to the Trustee of the Book-Entry Certificates by the Depository, accompanied by registration instructions from the Depository for registration of transfer, the Trustee shall issue the Definitive Certificates. Neither the Company, the Master Servicer nor the Trustee shall be liable for any actions taken by the Depository or its nominee, including, without limitation, any delay in delivery of such instructions and may conclusively rely on, and shall be protected in relying on, such instructions. Upon the issuance of Definitive Certificates all references herein to obligations imposed upon or to be performed by the Company in connection with the issuance of the Definitive Certificates pursuant to this Section 5.01 shall be deemed to be imposed upon and performed by the Trustee, and the Trustee and the Master Servicer shall recognize the Holders of the Definitive Certificates as Certificateholders hereunder. (c) From time to time Residential Funding, as the initial Holder of the Class A-V Certificates, may exchange such Holder's Class A-V Certificates for Subclasses of Class A-V Certificates to be issued under this Agreement by delivering a "Request for Exchange" substantially in the form attached hereto as Exhibit N executed by an authorized officer, which Subclasses, in the aggregate, will represent the Uncertificated Class A-V REMIC Regular Interests corresponding to the Class A-V Certificates so surrendered for exchange. Any Subclass so issued shall bear a numerical designation commencing with Class A-V-1 and continuing sequentially thereafter, and will evidence ownership of the Uncertificated REMIC Regular Interest or Interests specified in writing by such initial Holder to the Trustee. The Trustee may conclusively, without any independent verification, rely on, and shall be protected in relying on, Residential Funding's determinations of the Uncertificated Class A-V REMIC Regular Interests corresponding to any Subclass, the Initial Notional Amount and the initial Pass-Through Rate on a Subclass as set forth in such Request for Exchange and the Trustee shall have no duty to determine if any Uncertificated Class A-V REMIC Regular Interest designated on a Request for Exchange corresponds to a Subclass which has previously been issued. Each Subclass so issued shall be substantially in the form set forth in Exhibit A and shall, on original issue, be executed and delivered by the Trustee to the Certificate Registrar for authentication and delivery in accordance with Section 5.01(a). Every Certificate presented or surrendered for exchange by the initial Holder shall (if so required by the Trustee or the Certificate Registrar) be duly endorsed by, or be accompanied by a written instrument of transfer attached to such Certificate and shall be completed to the satisfaction of the Trustee and the Certificate Registrar duly executed by, the initial Holder thereof or his attorney duly authorized in writing. The Certificates of any Subclass of Class A-V Certificates may be transferred in whole, but not in part, in accordance with the provisions of Section 5.02. 74 Section 5.02. Registration of Transfer and Exchange of Certificates. ------------------------------------------------------ (a) The Trustee shall cause to be kept at one of the offices or agencies to be appointed by the Trustee in accordance with the provisions of Section 8.12 a Certificate Register in which, subject to such reasonable regulations as it may prescribe, the Trustee shall provide for the registration of Certificates and of transfers and exchanges of Certificates as herein provided. The Trustee is initially appointed Certificate Registrar for the purpose of registering Certificates and transfers and exchanges of Certificates as herein provided. The Certificate Registrar, or the Trustee, shall provide the Master Servicer with a certified list of Certificateholders as of each Record Date prior to the related Determination Date. (b) Upon surrender for registration of transfer of any Certificate at any office or agency of the Trustee maintained for such purpose pursuant to Section 8.12 and, in the case of any Class M, Class B or Class R Certificate, upon satisfaction of the conditions set forth below, the Trustee shall execute and the Certificate Registrar shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Certificates of a like Class (or Subclass) and aggregate Percentage Interest. (c) At the option of the Certificateholders, Certificates may be exchanged for other Certificates of authorized denominations of a like Class (or Subclass) and aggregate Percentage Interest, upon surrender of the Certificates to be exchanged at any such office or agency. Whenever any Certificates are so surrendered for exchange the Trustee shall execute and the Certificate Registrar shall authenticate and deliver the Certificates of such Class which the Certificateholder making the exchange is entitled to receive. Every Certificate presented or surrendered for transfer or exchange shall (if so required by the Trustee or the Certificate Registrar) be duly endorsed by, or be accompanied by a written instrument of transfer in form satisfactory to the Trustee and the Certificate Registrar duly executed by, the Holder thereof or his attorney duly authorized in writing. (d) No transfer, sale, pledge or other disposition of a Class B Certificate shall be made unless such transfer, sale, pledge or other disposition is exempt from the registration requirements of the Securities Act of 1933, as amended, and any applicable state securities laws or is made in accordance with said Act and laws. In the event that a transfer of a Class B Certificate is to be made either (i)(A) the Trustee shall require a written Opinion of Counsel acceptable to and in form and substance satisfactory to the Trustee and the Company that such transfer may be made pursuant to an exemption, describing the applicable exemption and the basis therefor, from said Act and laws or is being made pursuant to said Act and laws, which Opinion of Counsel shall not be an expense of the Trustee, the Company or the Master Servicer (except that, if such transfer is made by the Company or the Master Servicer or any Affiliate thereof, the Company or the Master Servicer shall provide such Opinion of Counsel at their own expense); provided that such Opinion of Counsel will not be required in connection with the initial transfer of any such Certificate by the Company or any Affiliate thereof to the Company or an Affiliate of the Company and (B) the Trustee shall require the transferee to execute a representation letter, substantially in the form of Exhibit H hereto, and the Trustee shall require the transferor to execute a representation letter, substantially in the form of Exhibit I hereto, each acceptable to and in form and substance satisfactory to the Company and the Trustee certifying to the Company and the Trustee the facts surrounding such transfer, which representation letters shall not be an expense of the Trustee, the Company or the Master Servicer; provided, however, that such representation letters will not be 75 required in connection with any transfer of any such Certificate by the Company or any Affiliate thereof to the Company or an Affiliate of the Company, and the Trustee shall be entitled to conclusively rely upon a representation (which, upon the request of the Trustee, shall be a written representation) from the Company, of the status of such transferee as an Affiliate of the Company or (ii) the prospective transferee of such a Certificate shall be required to provide the Trustee, the Company and the Master Servicer with an investment letter substantially in the form of Exhibit J attached hereto (or such other form as the Company in its sole discretion deems acceptable), which investment letter shall not be an expense of the Trustee, the Company or the Master Servicer, and which investment letter states that, among other things, such transferee (A) is a "qualified institutional buyer" as defined under Rule 144A, acting for its own account or the accounts of other "qualified institutional buyers" as defined under Rule 144A, and (B) is aware that the proposed transferor intends to rely on the exemption from registration requirements under the Securities Act of 1933, as amended, provided by Rule 144A. The Holder of any such Certificate desiring to effect any such transfer, sale, pledge or other disposition shall, and does hereby agree to, indemnify the Trustee, the Company, the Master Servicer and the Certificate Registrar against any liability that may result if the transfer, sale, pledge or other disposition is not so exempt or is not made in accordance with such federal and state laws. (e) (i) In the case of any Class B or Class R Certificate presented for registration in the name of any Person, either (A) the Trustee shall require an Opinion of Counsel acceptable to and in form and substance satisfactory to the Trustee, the Company and the Master Servicer to the effect that the purchase or holding of such Class B or Class R Certificate is permissible under applicable law, will not constitute or result in any non-exempt prohibited transaction under Section 406 of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), or Section 4975 of the Code (or comparable provisions of any subsequent enactments), and will not subject the Trustee, the Company or the Master Servicer to any obligation or liability (including obligations or liabilities under ERISA or Section 4975 of the Code) in addition to those undertaken in this Agreement, which Opinion of Counsel shall not be an expense of the Trustee, the Company or the Master Servicer or (B) the prospective Transferee shall be required to provide the Trustee, the Company and the Master Servicer with a certification to the effect set forth in paragraph six of Exhibit H (with respect to any Class B Certificate) or paragraph fifteen of Exhibit G-1 (with respect to any Class R Certificate), which the Trustee may rely upon without further inquiry or investigation, or such other certifications as the Trustee may deem desirable or necessary in order to establish that such Transferee or the Person in whose name such registration is requested either (a) is not an employee benefit plan or other plan subject to the prohibited transaction provisions of ERISA or Section 4975 of the Code, or any Person (including an investment manager, a named fiduciary or a trustee of any such plan) who is using "plan assets" of any such plan to effect such acquisition (each, a "Plan Investor") or (b) in the case of any Class B Certificate, the following conditions are satisfied: (i) such Transferee is an insurance company, (ii) the 76 source of funds used to purchase or hold such Certificate (or interest therein) is an "insurance company general account" (as defined in U.S. Department of Labor Prohibited Transaction Class Exemption ("PTCE") 95-60, and (iii) the conditions set forth in Sections I and III of PTCE 95-60 have been satisfied (each entity that satisfies this clause (b), a "Complying Insurance Company"). (ii) Any Transferee of a Class M Certificate will be deemed to have represented by virtue of its purchase or holding of such Certificate (or interest therein) that either (a) such Transferee is not a Plan Investor, (b) it has acquired and is holding such Certificate in reliance on Prohibited Transaction Exemption ("PTE") 94-29, 59 Fed. Reg. 14674 (March 29, 1994), as amended by PTE 97-34, 62 Fed. Reg. 39021 (July 21, 1997), PTE 2000-58, 65 Fed. Reg. 67765 (November 13, 2000), and PTE 2002-41, 67 Fed. Reg. 54487 (August 22, 2002) (the "RFC Exemption"), and that it understands that there are certain conditions to the availability of the RFC Exemption including that such Certificate must be rated, at the time of purchase, not lower than "BBB-" (or its equivalent) by Standard & Poor's, Fitch or Moody's or (c) such Transferee is a Complying Insurance Company. (iii) (A) If any Class M Certificate (or any interest therein) is acquired or held by any Person that does not satisfy the conditions described in paragraph (ii) above, then the last preceding Transferee that either (i) is not a Plan Investor, (ii) acquired such Certificate in compliance with the RFC Exemption, or (iii) is a Complying Insurance Company shall be restored, to the extent permitted by law, to all rights and obligations as Certificate Owner thereof retroactive to the date of such Transfer of such Class M Certificate. The Trustee shall be under no liability to any Person for making any payments due on such Certificate to such preceding Transferee. (B) Any purported Certificate Owner whose acquisition or holding of any Class M Certificate (or interest therein) was effected in violation of the restrictions in this Section 5.02(e) shall indemnify and hold harmless the Company, the Trustee, the Master Servicer, any Subservicer, the Underwriters and the Trust Fund from and against any and all liabilities, claims, costs or expenses incurred by such parties as a result of such acquisition or holding. (f) (i) Each Person who has or who acquires any Ownership Interest in a Class R Certificate shall be deemed by the acceptance or acquisition of such Ownership Interest to have agreed to be bound by the following provisions and to have irrevocably authorized the Trustee or its designee under clause (iii)(A) below to deliver payments to a Person other than such Person and to negotiate the terms of any mandatory sale under clause (iii)(B) below and to execute all instruments of transfer and to do all other things necessary in connection with any such sale. The rights of each Person acquiring any Ownership Interest in a Class R Certificate are expressly subject to the following provisions: (A) Each Person holding or acquiring any Ownership Interest in a Class R Certificate shall be a Permitted Transferee and shall promptly notify the Trustee of any change or impending change in its status as a Permitted Transferee. 77 (B) In connection with any proposed Transfer of any Ownership Interest in a Class R Certificate, the Trustee shall require delivery to it, and shall not register the Transfer of any Class R Certificate until its receipt of, (I) an affidavit and agreement (a "Transfer Affidavit and Agreement," in the form attached hereto as Exhibit G-1) from the proposed Transferee, in form and substance satisfactory to the Master Servicer, representing and warranting, among other things, that it is a Permitted Transferee, that it is not acquiring its Ownership Interest in the Class R Certificate that is the subject of the proposed Transfer as a nominee, trustee or agent for any Person who is not a Permitted Transferee, that for so long as it retains its Ownership Interest in a Class R Certificate, it will endeavor to remain a Permitted Transferee, and that it has reviewed the provisions of this Section 5.02(f) and agrees to be bound by them, and (II) a certificate, in the form attached hereto as Exhibit G-2, from the Holder wishing to transfer the Class R Certificate, in form and substance satisfactory to the Master Servicer, representing and warranting, among other things, that no purpose of the proposed Transfer is to impede the assessment or collection of tax. (C) Notwithstanding the delivery of a Transfer Affidavit and Agreement by a proposed Transferee under clause (B) above, if a Responsible Officer of the Trustee who is assigned to this Agreement has actual knowledge that the proposed Transferee is not a Permitted Transferee, no Transfer of an Ownership Interest in a Class R Certificate to such proposed Transferee shall be effected. (D) Each Person holding or acquiring any Ownership Interest in a Class R Certificate shall agree (x) to require a Transfer Affidavit and Agreement from any other Person to whom such Person attempts to transfer its Ownership Interest in a Class R Certificate and (y) not to transfer its Ownership Interest unless it provides a certificate to the Trustee in the form attached hereto as Exhibit G-2. (E) Each Person holding or acquiring an Ownership Interest in a Class R Certificate, by purchasing an Ownership Interest in such Certificate, agrees to give the Trustee written notice that it is a "pass-through interest holder" within the meaning of Temporary Treasury Regulations Section 1.67-3T(a)(2)(i)(A) immediately upon acquiring an Ownership Interest in a Class R Certificate, if it is, or is holding an Ownership Interest in a Class R Certificate on behalf of, a "pass-through interest holder." (ii) The Trustee will register the Transfer of any Class R Certificate only if it shall have received the Transfer Affidavit and Agreement, a certificate of the Holder requesting such transfer in the form attached hereto as Exhibit G-2 and all of such other documents as shall have been reasonably required by the Trustee as a condition to such registration. Transfers of the Class R Certificates to Non-United States Persons and Disqualified Organizations (as defined in Section 860E(e)(5) of the Code) are prohibited. 78 (iii)(A) If any Disqualified Organization shall become a holder of a Class R Certificate, then the last preceding Permitted Transferee shall be restored, to the extent permitted by law, to all rights and obligations as Holder thereof retroactive to the date of registration of such Transfer of such Class R Certificate. If a Non-United States Person shall become a holder of a Class R Certificate, then the last preceding United States Person shall be restored, to the extent permitted by law, to all rights and obligations as Holder thereof retroactive to the date of registration of such Transfer of such Class R Certificate. If a transfer of a Class R Certificate is disregarded pursuant to the provisions of Treasury Regulations Section 1.860E-1 or Section 1.860G-3, then the last preceding Permitted Transferee shall be restored, to the extent permitted by law, to all rights and obligations as Holder thereof retroactive to the date of registration of such Transfer of such Class R Certificate. The Trustee shall be under no liability to any Person for any registration of Transfer of a Class R Certificate that is in fact not permitted by this Section 5.02(f) or for making any payments due on such Certificate to the holder thereof or for taking any other action with respect to such holder under the provisions of this Agreement. (B) If any purported Transferee shall become a Holder of a Class R Certificate in violation of the restrictions in this Section 5.02(f) and to the extent that the retroactive restoration of the rights of the Holder of such Class R Certificate as described in clause (iii)(A) above shall be invalid, illegal or unenforceable, then the Master Servicer shall have the right, without notice to the holder or any prior holder of such Class R Certificate, to sell such Class R Certificate to a purchaser selected by the Master Servicer on such terms as the Master Servicer may choose. Such purported Transferee shall promptly endorse and deliver each Class R Certificate in accordance with the instructions of the Master Servicer. Such purchaser may be the Master Servicer itself or any Affiliate of the Master Servicer. The proceeds of such sale, net of the commissions (which may include commissions payable to the Master Servicer or its Affiliates), expenses and taxes due, if any, will be remitted by the Master Servicer to such purported Transferee. The terms and conditions of any sale under this clause (iii)(B) shall be determined in the sole discretion of the Master Servicer, and the Master Servicer shall not be liable to any Person having an Ownership Interest in a Class R Certificate as a result of its exercise of such discretion. (iv) The Master Servicer, on behalf of the Trustee, shall make available, upon written request from the Trustee, all information necessary to compute any tax imposed (A) as a result of the Transfer of an Ownership Interest in a Class R Certificate to any Person who is a Disqualified Organization, including the information regarding "excess inclusions" of such Class R Certificates required to be provided to the Internal Revenue Service and certain Persons as described in Treasury Regulations Sections 1.860D-1(b)(5) and 1.860E-2(a)(5), and (B) as a result of any regulated investment company, real estate investment trust, common trust fund, partnership, trust, estate or organization described in Section 1381 of the Code that holds an Ownership Interest in a Class R Certificate having as among its record holders at any time any Person who is a Disqualified Organization. Reasonable compensation for providing such information may be required by the Master Servicer from such Person. 79 (v) The provisions of this Section 5.02(f) set forth prior to this clause (v) may be modified, added to or eliminated, provided that there shall have been delivered to the Trustee the following: (A) written notification from each Rating Agency to the effect that the modification, addition to or elimination of such provisions will not cause such Rating Agency to downgrade its then-current ratings, if any, of any Class of the Senior, Class M or Class B Certificates below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency; and (B) subject to Section 10.01(f), an Officers' Certificate of the Master Servicer stating that the Master Servicer has received an Opinion of Counsel, in form and substance satisfactory to the Master Servicer, to the effect that such modification, addition to or absence of such provisions will not cause any portion of any REMIC formed under the Series Supplement to cease to qualify as a REMIC and will not cause (x) any portion of any REMIC formed under the Series Supplement to be subject to an entity-level tax caused by the Transfer of any Class R Certificate to a Person that is a Disqualified Organization or (y) a Certificateholder or another Person to be subject to a REMIC-related tax caused by the Transfer of a Class R Certificate to a Person that is not a Permitted Transferee. (g) No service charge shall be made for any transfer or exchange of Certificates of any Class, but the Trustee may require payment of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any transfer or exchange of Certificates. (h) All Certificates surrendered for transfer and exchange shall be destroyed by the Certificate Registrar. Section 5.03. Mutilated, Destroyed, Lost or Stolen Certificates. -------------------------------------------------- If (i) any mutilated Certificate is surrendered to the Certificate Registrar, or the Trustee and the Certificate Registrar receive evidence to their satisfaction of the destruction, loss or theft of any Certificate, and (ii) there is delivered to the Trustee and the Certificate Registrar such security or indemnity as may be required by them to save each of them harmless, then, in the absence of notice to the Trustee or the Certificate Registrar that such Certificate has been acquired by a bona fide purchaser, the Trustee shall execute and the Certificate Registrar shall authenticate and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Certificate, a new Certificate of like tenor, Class and Percentage Interest but bearing a number not contemporaneously outstanding. Upon the issuance of any new Certificate under this Section, the Trustee may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the 80 Trustee and the Certificate Registrar) connected therewith. Any duplicate Certificate issued pursuant to this Section shall constitute complete and indefeasible evidence of ownership in the Trust Fund, as if originally issued, whether or not the lost, stolen or destroyed Certificate shall be found at any time. Section 5.04. Persons Deemed Owners. --------------------- Prior to due presentation of a Certificate for registration of transfer, the Company, the Master Servicer, the Trustee, any Certificate Insurer, the Certificate Registrar and any agent of the Company, the Master Servicer, the Trustee, any Certificate Insurer or the Certificate Registrar may treat the Person in whose name any Certificate is registered as the owner of such Certificate for the purpose of receiving distributions pursuant to Section 4.02 and for all other purposes whatsoever, except as and to the extent provided in the definition of "Certificateholder," and neither the Company, the Master Servicer, the Trustee, any Certificate Insurer, the Certificate Registrar nor any agent of the Company, the Master Servicer, the Trustee, any Certificate Insurer or the Certificate Registrar shall be affected by notice to the contrary except as provided in Section 5.02(f). Section 5.05. Appointment of Paying Agent. --------------------------- The Trustee may appoint a Paying Agent for the purpose of making distributions to the Certificateholders pursuant to Section 4.02. In the event of any such appointment, on or prior to each Distribution Date the Master Servicer on behalf of the Trustee shall deposit or cause to be deposited with the Paying Agent a sum sufficient to make the payments to the Certificateholders in the amounts and in the manner provided for in Section 4.02, such sum to be held in trust for the benefit of the Certificateholders. The Trustee shall cause each Paying Agent to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee that such Paying Agent will hold all sums held by it for the payment to the Certificateholders in trust for the benefit of the Certificateholders entitled thereto until such sums shall be paid to such Certificateholders. Any sums so held by such Paying Agent shall be held only in Eligible Accounts to the extent such sums are not distributed to the Certificateholders on the date of receipt by such Paying Agent. 81 ARTICLE VI THE COMPANY AND THE MASTER SERVICER Section 6.01. Respective Liabilities of the Company and the Master Servicer. -------------------------------------------------------------- The Company and the Master Servicer shall each be liable in accordance herewith only to the extent of the obligations specifically and respectively imposed upon and undertaken by the Company and the Master Servicer herein. By way of illustration and not limitation, the Company is not liable for the servicing and administration of the Mortgage Loans, nor is it obligated by Section 7.01 or Section 10.01 to assume any obligations of the Master Servicer or to appoint a designee to assume such obligations, nor is it liable for any other obligation hereunder that it may, but is not obligated to, assume unless it elects to assume such obligation in accordance herewith. Section 6.02. Merger or Consolidation of the Company or the Master Servicer; Assignment of Rights and Delegation of Duties by Master Servicer. (a) The Company and the Master Servicer will each keep in full effect its existence, rights and franchises as a corporation under the laws of the state of its incorporation, and will each obtain and preserve its qualification to do business as a foreign corporation in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement, the Certificates or any of the Mortgage Loans and to perform its respective duties under this Agreement. (b) Any Person into which the Company or the Master Servicer may be merged or consolidated, or any corporation resulting from any merger or consolidation to which the Company or the Master Servicer shall be a party, or any Person succeeding to the business of the Company or the Master Servicer, shall be the successor of the Company or the Master Servicer, as the case may be, hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, however, that the successor or surviving Person to the Master Servicer shall be qualified to service mortgage loans on behalf of Fannie Mae or Freddie Mac; and provided further that each Rating Agency's ratings, if any, of the Senior, Class M or Class B Certificates in effect immediately prior to such merger or consolidation will not be qualified, reduced or withdrawn as a result thereof (as evidenced by a letter to such effect from each Rating Agency). (c) Notwithstanding anything else in this Section 6.02 and Section 6.04 to the contrary, the Master Servicer may assign its rights and delegate its duties and obligations under this Agreement; provided that the Person accepting such assignment or delegation shall be a Person which is qualified to service mortgage loans on behalf of Fannie Mae or Freddie Mac, is reasonably satisfactory to the Trustee and the Company, is willing to service the Mortgage Loans and executes and delivers to the Company and the Trustee an agreement, in form and substance reasonably satisfactory to the Company and the Trustee, which contains an assumption by such Person of the due and punctual performance and observance of each covenant and condition to be performed or observed by the Master Servicer under this Agreement; provided further that each Rating Agency's rating of the Classes of Certificates that have been rated in effect immediately 82 prior to such assignment and delegation will not be qualified, reduced or withdrawn as a result of such assignment and delegation (as evidenced by a letter to such effect from each Rating Agency). In the case of any such assignment and delegation, the Master Servicer shall be released from its obligations under this Agreement, except that the Master Servicer shall remain liable for all liabilities and obligations incurred by it as Master Servicer hereunder prior to the satisfaction of the conditions to such assignment and delegation set forth in the next preceding sentence. Section 6.03. Limitation on Liability of the Company, the Master Servicer and Others. Neither the Company, the Master Servicer nor any of the directors, officers, employees or agents of the Company or the Master Servicer shall be under any liability to the Trust Fund or the Certificateholders for any action taken or for refraining from the taking of any action in good faith pursuant to this Agreement, or for errors in judgment; provided, however, that this provision shall not protect the Company, the Master Servicer or any such Person against any breach of warranties or representations made herein or any liability which would otherwise be imposed by reason of willful misfeasance, bad faith or gross negligence in the performance of duties or by reason of reckless disregard of obligations and duties hereunder. The Company, the Master Servicer and any director, officer, employee or agent of the Company or the Master Servicer may rely in good faith on any document of any kind prima facie properly executed and submitted by any Person respecting any matters arising hereunder. The Company, the Master Servicer and any director, officer, employee or agent of the Company or the Master Servicer shall be indemnified by the Trust Fund and held harmless against any loss, liability or expense incurred in connection with any legal action relating to this Agreement or the Certificates, other than any loss, liability or expense related to any specific Mortgage Loan or Mortgage Loans (except as any such loss, liability or expense shall be otherwise reimbursable pursuant to this Agreement) and any loss, liability or expense incurred by reason of willful misfeasance, bad faith or gross negligence in the performance of duties hereunder or by reason of reckless disregard of obligations and duties hereunder. Neither the Company nor the Master Servicer shall be under any obligation to appear in, prosecute or defend any legal or administrative action, proceeding, hearing or examination that is not incidental to its respective duties under this Agreement and which in its opinion may involve it in any expense or liability; provided, however, that the Company or the Master Servicer may in its discretion undertake any such action, proceeding, hearing or examination that it may deem necessary or desirable in respect to this Agreement and the rights and duties of the parties hereto and the interests of the Certificateholders hereunder. In such event, the legal expenses and costs of such action, proceeding, hearing or examination and any liability resulting therefrom shall be expenses, costs and liabilities of the Trust Fund, and the Company and the Master Servicer shall be entitled to be reimbursed therefor out of amounts attributable to the Mortgage Loans on deposit in the Custodial Account as provided by Section 3.10 and, on the Distribution Date(s) following such reimbursement, the aggregate of such expenses and costs shall be allocated in reduction of the Accrued Certificate Interest on each Class entitled thereto in the same manner as if such expenses and costs constituted a Prepayment Interest Shortfall. 83 Section 6.04. Company and Master Servicer Not to Resign. ----------------------------------------- Subject to the provisions of Section 6.02, neither the Company nor the Master Servicer shall resign from its respective obligations and duties hereby imposed on it except upon determination that its duties hereunder are no longer permissible under applicable law. Any such determination permitting the resignation of the Company or the Master Servicer shall be evidenced by an Opinion of Counsel to such effect delivered to the Trustee. No such resignation by the Master Servicer shall become effective until the Trustee or a successor servicer shall have assumed the Master Servicer's responsibilities and obligations in accordance with Section 7.02. 84 ARTICLE VII DEFAULT Section 7.01. Events of Default. ----------------- Event of Default, wherever used herein, means any one of the following events (whatever reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body): (i) the Master Servicer shall fail to distribute or cause to be distributed to the Holders of Certificates of any Class any distribution required to be made under the terms of the Certificates of such Class and this Agreement and, in either case, such failure shall continue unremedied for a period of 5 days after the date upon which written notice of such failure, requiring such failure to be remedied, shall have been given to the Master Servicer by the Trustee or the Company or to the Master Servicer, the Company and the Trustee by the Holders of Certificates of such Class evidencing Percentage Interests aggregating not less than 25%; or (ii) the Master Servicer shall fail to observe or perform in any material respect any other of the covenants or agreements on the part of the Master Servicer contained in the Certificates of any Class or in this Agreement and such failure shall continue unremedied for a period of 30 days (except that such number of days shall be 15 in the case of a failure to pay the premium for any Required Insurance Policy) after the date on which written notice of such failure, requiring the same to be remedied, shall have been given to the Master Servicer by the Trustee or the Company, or to the Master Servicer, the Company and the Trustee by the Holders of Certificates of any Class evidencing, in the case of any such Class, Percentage Interests aggregating not less than 25%; or (iii) a decree or order of a court or agency or supervisory authority having jurisdiction in the premises in an involuntary case under any present or future federal or state bankruptcy, insolvency or similar law or appointing a conservator or receiver or liquidator in any insolvency, readjustment of debt, marshalling of assets and liabilities or similar proceedings, or for the winding-up or liquidation of its affairs, shall have been entered against the Master Servicer and such decree or order shall have remained in force undischarged or unstayed for a period of 60 days; or (iv) the Master Servicer shall consent to the appointment of a conservator or receiver or liquidator in any insolvency, readjustment of debt, marshalling of assets and liabilities, or similar proceedings of, or relating to, the Master Servicer or of, or relating to, all or substantially all of the property of the Master Servicer; or (v) the Master Servicer shall admit in writing its inability to pay its debts generally as they become due, file a petition to take advantage of, or commence a voluntary case under, any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors, or voluntarily suspend payment of its obligations; or 85 (vi) the Master Servicer shall notify the Trustee pursuant to Section 4.04(b) that it is unable to deposit in the Certificate Account an amount equal to the Advance. If an Event of Default described in clauses (i)-(v) of this Section shall occur, then, and in each and every such case, so long as such Event of Default shall not have been remedied, either the Company or the Trustee may, and at the direction of Holders of Certificates entitled to at least 51% of the Voting Rights, the Trustee shall, by notice in writing to the Master Servicer (and to the Company if given by the Trustee or to the Trustee if given by the Company), terminate all of the rights and obligations of the Master Servicer under this Agreement and in and to the Mortgage Loans and the proceeds thereof, other than its rights as a Certificateholder hereunder. If an Event of Default described in clause (vi) hereof shall occur, the Trustee shall, by notice to the Master Servicer and the Company, immediately terminate all of the rights and obligations of the Master Servicer under this Agreement and in and to the Mortgage Loans and the proceeds thereof, other than its rights as a Certificateholder hereunder as provided in Section 4.04(b). On or after the receipt by the Master Servicer of such written notice, all authority and power of the Master Servicer under this Agreement, whether with respect to the Certificates (other than as a Holder thereof) or the Mortgage Loans or otherwise, shall subject to Section 7.02 pass to and be vested in the Trustee or the Trustee's designee appointed pursuant to Section 7.02; and, without limitation, the Trustee is hereby authorized and empowered to execute and deliver, on behalf of the Master Servicer, as attorney-in-fact or otherwise, any and all documents and other instruments, and to do or accomplish all other acts or things necessary or appropriate to effect the purposes of such notice of termination, whether to complete the transfer and endorsement or assignment of the Mortgage Loans and related documents, or otherwise. The Master Servicer agrees to cooperate with the Trustee in effecting the termination of the Master Servicer's responsibilities and rights hereunder, including, without limitation, the transfer to the Trustee or its designee for administration by it of all cash amounts which shall at the time be credited to the Custodial Account or the Certificate Account or thereafter be received with respect to the Mortgage Loans. No such termination shall release the Master Servicer for any liability that it would otherwise have hereunder for any act or omission prior to the effective time of such termination. Notwithstanding any termination of the activities of Residential Funding in its capacity as Master Servicer hereunder, Residential Funding shall be entitled to receive, out of any late collection of a Monthly Payment on a Mortgage Loan which was due prior to the notice terminating Residential Funding's rights and obligations as Master Servicer hereunder and received after such notice, that portion to which Residential Funding would have been entitled pursuant to Sections 3.10(a)(ii), (vi) and (vii) as well as its Servicing Fee in respect thereof, and any other amounts payable to Residential Funding hereunder the entitlement to which arose prior to the termination of its activities hereunder. Upon the termination of Residential Funding as Master Servicer hereunder the Company shall deliver to the Trustee a copy of the Program Guide. 86 Section 7.02. Trustee or Company to Act; Appointment of Successor. ---------------------------------------------------- (a) On and after the time the Master Servicer receives a notice of termination pursuant to Section 7.01 or resigns in accordance with Section 6.04, the Trustee or, upon notice to the Company and with the Company's consent (which shall not be unreasonably withheld) a designee (which meets the standards set forth below) of the Trustee, shall be the successor in all respects to the Master Servicer in its capacity as servicer under this Agreement and the transactions set forth or provided for herein and shall be subject to all the responsibilities, duties and liabilities relating thereto placed on the Master Servicer (except for the responsibilities, duties and liabilities contained in Sections 2.02 and 2.03(a), excluding the duty to notify related Subservicers or Sellers as set forth in such Sections, and its obligations to deposit amounts in respect of losses incurred prior to such notice or termination on the investment of funds in the Custodial Account or the Certificate Account pursuant to Sections 3.07(c) and 4.01(b) by the terms and provisions hereof); provided, however, that any failure to perform such duties or responsibilities caused by the preceding Master Servicer's failure to provide information required by Section 4.04 shall not be considered a default by the Trustee hereunder. As compensation therefor, the Trustee shall be entitled to all funds relating to the Mortgage Loans which the Master Servicer would have been entitled to charge to the Custodial Account or the Certificate Account if the Master Servicer had continued to act hereunder and, in addition, shall be entitled to the income from any Permitted Investments made with amounts attributable to the Mortgage Loans held in the Custodial Account or the Certificate Account. If the Trustee has become the successor to the Master Servicer in accordance with Section 6.04 or Section 7.01, then notwithstanding the above, the Trustee may, if it shall be unwilling to so act, or shall, if it is unable to so act, appoint, or petition a court of competent jurisdiction to appoint, any established housing and home finance institution, which is also a Fannie Mae- or Freddie Mac-approved mortgage servicing institution, having a net worth of not less than $10,000,000 as the successor to the Master Servicer hereunder in the assumption of all or any part of the responsibilities, duties or liabilities of the Master Servicer hereunder. Pending appointment of a successor to the Master Servicer hereunder, the Trustee shall become successor to the Master Servicer and shall act in such capacity as hereinabove provided. In connection with such appointment and assumption, the Trustee may make such arrangements for the compensation of such successor out of payments on Mortgage Loans as it and such successor shall agree; provided, however, that no such compensation shall be in excess of that permitted the initial Master Servicer hereunder. The Company, the Trustee, the Custodian and such successor shall take such action, consistent with this Agreement, as shall be necessary to effectuate any such succession. The Servicing Fee for any successor Master Servicer appointed pursuant to this Section 7.02 will be lowered with respect to those Mortgage Loans, if any, where the Subservicing Fee accrues at a rate of less than 0.20% per annum in the event that the successor Master Servicer is not servicing such Mortgage Loans directly and it is necessary to raise the related Subservicing Fee to a rate of 0.20% per annum in order to hire a Subservicer with respect to such Mortgage Loans. (b) In connection with the termination or resignation of the Master Servicer hereunder, either (i) the successor Master Servicer, including the Trustee if the Trustee is acting as successor Master Servicer, shall represent and warrant that it is a member of MERS in good standing and shall agree to comply in all material respects with the rules and procedures of MERS in connection with the servicing of the Mortgage Loans that are registered with MERS, in which case the predecessor Master Servicer shall cooperate with the successor Master Servicer in causing MERS to revise its records to reflect the 87 transfer of servicing to the successor Master Servicer as necessary under MERS' rules and regulations, or (ii) the predecessor Master Servicer shall cooperate with the successor Master Servicer in causing MERS to execute and deliver an assignment of Mortgage in recordable form to transfer the Mortgage from MERS to the Trustee and to execute and deliver such other notices, documents and other instruments as may be necessary or desirable to effect a transfer of such Mortgage Loan or servicing of such Mortgage Loan on the MERS(R) System to the successor Master Servicer. The predecessor Master Servicer shall file or cause to be filed any such assignment in the appropriate recording office. The predecessor Master Servicer shall bear any and all fees of MERS, costs of preparing any assignments of Mortgage, and fees and costs of filing any assignments of Mortgage that may be required under this subsection (b). The successor Master Servicer shall cause such assignment to be delivered to the Trustee or the Custodian promptly upon receipt of the original with evidence of recording thereon or a copy certified by the public recording office in which such assignment was recorded. Section 7.03. Notification to Certificateholders. ----------------------------------- (a) Upon any such termination or appointment of a successor to the Master Servicer, the Trustee shall give prompt written notice thereof to the Certificateholders at their respective addresses appearing in the Certificate Register. (b) Within 60 days after the occurrence of any Event of Default, the Trustee shall transmit by mail to all Holders of Certificates notice of each such Event of Default hereunder known to the Trustee, unless such Event of Default shall have been cured or waived. Section 7.04. Waiver of Events of Default. The Holders representing at least 66% of the Voting Rights affected by a default or Event of Default hereunder may waive such default or Event of Default; provided, however, that (a) a default or Event of Default under clause (i) of Section 7.01 may be waived only by all of the Holders of Certificates affected by such default or Event of Default and (b) no waiver pursuant to this Section 7.04 shall affect the Holders of Certificates in the manner set forth in Section 11.01(b)(i) or (ii). Upon any such waiver of a default or Event of Default by the Holders representing the requisite percentage of Voting Rights affected by such default or Event of Default, such default or Event of Default shall cease to exist and shall be deemed to have been remedied for every purpose hereunder. No such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon except to the extent expressly so waived. 88 ARTICLE VIII CONCERNING THE TRUSTEE Section 8.01. Duties of Trustee. ----------------- (a) The Trustee, prior to the occurrence of an Event of Default and after the curing or waiver of all Events of Default which may have occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Agreement. In case an Event of Default has occurred (which has not been cured or waived), the Trustee shall exercise such of the rights and powers vested in it by this Agreement, and use the same degree of care and skill in their exercise as a prudent investor would exercise or use under the circumstances in the conduct of such investor's own affairs. (b) The Trustee, upon receipt of all resolutions, certificates, statements, opinions, reports, documents, orders or other instruments furnished to the Trustee which are specifically required to be furnished pursuant to any provision of this Agreement, shall examine them to determine whether they conform to the requirements of this Agreement. The Trustee shall notify the Certificateholders of any such documents which do not materially conform to the requirements of this Agreement in the event that the Trustee, after so requesting, does not receive satisfactorily corrected documents. The Trustee shall forward or cause to be forwarded in a timely fashion the notices, reports and statements required to be forwarded by the Trustee pursuant to Sections 4.03, 4.06, 7.03 and 10.01. The Trustee shall furnish in a timely fashion to the Master Servicer such information as the Master Servicer may reasonably request from time to time for the Master Servicer to fulfill its duties as set forth in this Agreement. The Trustee covenants and agrees that it shall perform its obligations hereunder in a manner so as to maintain the status of any portion of any REMIC formed under the Series Supplement as a REMIC under the REMIC Provisions and (subject to Section 10.01(f)) to prevent the imposition of any federal, state or local income, prohibited transaction, contribution or other tax on the Trust Fund to the extent that maintaining such status and avoiding such taxes are reasonably within the control of the Trustee and are reasonably within the scope of its duties under this Agreement. (c) No provision of this Agreement shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct; provided, however, that: (i) Prior to the occurrence of an Event of Default, and after the curing or waiver of all such Events of Default which may have occurred, the duties and obligations of the Trustee shall be determined solely by the express provisions of this Agreement, the Trustee shall not be liable except for the performance of such duties and obligations as are specifically set forth in this Agreement, no implied covenants or obligations shall be read into this Agreement against the Trustee and, in the absence of bad faith on the part of the Trustee, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon any certificates or opinions furnished to the Trustee by the Company or the Master 89 Servicer and which on their face, do not contradict the requirements of this Agreement; (ii) The Trustee shall not be personally liable for an error of judgment made in good faith by a Responsible Officer or Responsible Officers of the Trustee, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; (iii) The Trustee shall not be personally liable with respect to any action taken, suffered or omitted to be taken by it in good faith in accordance with the direction of Certificateholders of any Class holding Certificates which evidence, as to such Class, Percentage Interests aggregating not less than 25% as to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Agreement; (iv) The Trustee shall not be charged with knowledge of any default (other than a default in payment to the Trustee) specified in clauses (i) and (ii) of Section 7.01 or an Event of Default under clauses (iii), (iv) and (v) of Section 7.01 unless a Responsible Officer of the Trustee assigned to and working in the Corporate Trust Office obtains actual knowledge of such failure or event or the Trustee receives written notice of such failure or event at its Corporate Trust Office from the Master Servicer, the Company or any Certificateholder; and (v) Except to the extent provided in Section 7.02, no provision in this Agreement shall require the Trustee to expend or risk its own funds (including, without limitation, the making of any Advance) or otherwise incur any personal financial liability in the performance of any of its duties as Trustee hereunder, or in the exercise of any of its rights or powers, if the Trustee shall have reasonable grounds for believing that repayment of funds or adequate indemnity against such risk or liability is not reasonably assured to it. (d) The Trustee shall timely pay, from its own funds, the amount of any and all federal, state and local taxes imposed on the Trust Fund or its assets or transactions including, without limitation, (A) "prohibited transaction" penalty taxes as defined in Section 860F of the Code, if, when and as the same shall be due and payable, (B) any tax on contributions to a REMIC after the Closing Date imposed by Section 860G(d) of the Code and (C) any tax on "net income from foreclosure property" as defined in Section 860G(c) of the Code, but only if such taxes arise out of a breach by the Trustee of its obligations hereunder, which breach constitutes negligence or willful misconduct of the Trustee. Section 8.02. Certain Matters Affecting the Trustee. ------------------------------------- (a) Except as otherwise provided in Section 8.01: (i) The Trustee may rely and shall be protected in acting or refraining from acting upon any resolution, Officers' Certificate, certificate of auditors or any other certificate, statement, instrument, opinion, report, notice, request, consent, order, appraisal, bond or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties; 90 (ii) The Trustee may consult with counsel and any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken or suffered or omitted by it hereunder in good faith and in accordance with such Opinion of Counsel; (iii)The Trustee shall be under no obligation to exercise any of the trusts or powers vested in it by this Agreement or to institute, conduct or defend any litigation hereunder or in relation hereto at the request, order or direction of any of the Certificateholders, pursuant to the provisions of this Agreement, unless such Certificateholders shall have offered to the Trustee reasonable security or indemnity against the costs, expenses and liabilities which may be incurred therein or thereby; nothing contained herein shall, however, relieve the Trustee of the obligation, upon the occurrence of an Event of Default (which has not been cured or waived), to exercise such of the rights and powers vested in it by this Agreement, and to use the same degree of care and skill in their exercise as a prudent investor would exercise or use under the circumstances in the conduct of such investor's own affairs; (iv) The Trustee shall not be personally liable for any action taken, suffered or omitted by it in good faith and believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Agreement; (v) Prior to the occurrence of an Event of Default hereunder and after the curing or waiver of all Events of Default which may have occurred, the Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, bond or other paper or document, unless requested in writing so to do by Holders of Certificates of any Class evidencing, as to such Class, Percentage Interests, aggregating not less than 50%; provided, however, that if the payment within a reasonable time to the Trustee of the costs, expenses or liabilities likely to be incurred by it in the making of such investigation is, in the opinion of the Trustee, not reasonably assured to the Trustee by the security afforded to it by the terms of this Agreement, the Trustee may require reasonable indemnity against such expense or liability as a condition to so proceeding. The reasonable expense of every such examination shall be paid by the Master Servicer, if an Event of Default shall have occurred and is continuing, and otherwise by the Certificateholder requesting the investigation; (vi) The Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys; and (vii)To the extent authorized under the Code and the regulations promulgated thereunder, each Holder of a Class R Certificate hereby irrevocably appoints and authorizes the Trustee to be its attorney-in-fact for purposes of signing any Tax Returns required to be filed on behalf of the Trust Fund. The Trustee shall sign on behalf of the Trust Fund and deliver to the Master Servicer in a timely manner any Tax Returns prepared by or on behalf of the Master Servicer that the Trustee is required to sign as determined by the Master Servicer pursuant to applicable federal, state or local tax 91 laws, provided that the Master Servicer shall indemnify the Trustee for signing any such Tax Returns that contain errors or omissions. (b) Following the issuance of the Certificates, the Trustee shall not accept any contribution of assets to the Trust Fund unless (subject to Section 10.01(f)) it shall have obtained or been furnished with an Opinion of Counsel to the effect that such contribution will not (i) cause any portion of any REMIC formed under the Series Supplement to fail to qualify as a REMIC at any time that any Certificates are outstanding or (ii) cause the Trust Fund to be subject to any federal tax as a result of such contribution (including the imposition of any federal tax on "prohibited transactions" imposed under Section 860F(a) of the Code). Section 8.03. Trustee Not Liable for Certificates or Mortgage Loans. The recitals contained herein and in the Certificates (other than the execution of the Certificates and relating to the acceptance and receipt of the Mortgage Loans) shall be taken as the statements of the Company or the Master Servicer as the case may be, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Agreement or of the Certificates (except that the Certificates shall be duly and validly executed and authenticated by it as Certificate Registrar) or of any Mortgage Loan or related document, or of MERS or the MERS(R) System. Except as otherwise provided herein, the Trustee shall not be accountable for the use or application by the Company or the Master Servicer of any of the Certificates or of the proceeds of such Certificates, or for the use or application of any funds paid to the Company or the Master Servicer in respect of the Mortgage Loans or deposited in or withdrawn from the Custodial Account or the Certificate Account by the Company or the Master Servicer. Section 8.04. Trustee May Own Certificates. The Trustee in its individual or any other capacity may become the owner or pledgee of Certificates with the same rights it would have if it were not Trustee. Section 8.05. Master Servicer to Pay Trustee's Fees and Expenses; Indemnification. (a) The Master Servicer covenants and agrees to pay to the Trustee and any co-trustee from time to time, and the Trustee and any co-trustee shall be entitled to, reasonable compensation (which shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust) for all services rendered by each of them in the execution of the trusts hereby created and in the exercise and performance of any of the powers and duties hereunder of the Trustee and any co-trustee, and the Master Servicer will pay or reimburse the Trustee and any co-trustee upon request for all reasonable expenses, disbursements and advances incurred or made by the Trustee or any co-trustee in accordance with any of the provisions of this Agreement (including the reasonable compensation and the expenses and disbursements of its counsel and of all persons not regularly in its employ, and the expenses incurred by the Trustee or any co-trustee in connection with the appointment of an office or agency pursuant to Section 8.12) except any such expense, disbursement or advance as may arise from its negligence or bad faith. 92 (b) The Master Servicer agrees to indemnify the Trustee for, and to hold the Trustee harmless against, any loss, liability or expense incurred without negligence or willful misconduct on the Trustee's part, arising out of, or in connection with, the acceptance and administration of the Trust Fund, including the costs and expenses (including reasonable legal fees and expenses) of defending itself against any claim in connection with the exercise or performance of any of its powers or duties under this Agreement and the Custodial Agreement, provided that: (i) with respect to any such claim, the Trustee shall have given the Master Servicer written notice thereof promptly after the Trustee shall have actual knowledge thereof; (ii) while maintaining control over its own defense, the Trustee shall cooperate and consult fully with the Master Servicer in preparing such defense; and (iii) notwithstanding anything in this Agreement to the contrary, the Master Servicer shall not be liable for settlement of any claim by the Trustee entered into without the prior consent of the Master Servicer which consent shall not be unreasonably withheld. No termination of this Agreement shall affect the obligations created by this Section 8.05(b) of the Master Servicer to indemnify the Trustee under the conditions and to the extent set forth herein. Notwithstanding the foregoing, the indemnification provided by the Master Servicer in this Section 8.05(b) shall not pertain to any loss, liability or expense of the Trustee, including the costs and expenses of defending itself against any claim, incurred in connection with any actions taken by the Trustee at the direction of the Certificateholders pursuant to the terms of this Agreement. Section 8.06. Eligibility Requirements for Trustee. ------------------------------------ The Trustee hereunder shall at all times be a corporation or a national banking association having its principal office in a state and city acceptable to the Company and organized and doing business under the laws of such state or the United States of America, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000 and subject to supervision or examination by federal or state authority. If such corporation or national banking association publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 8.07. Section 8.07. Resignation and Removal of the Trustee. -------------------------------------- (a) The Trustee may at any time resign and be discharged from the trusts hereby created by giving written notice thereof to the Company. Upon receiving such notice of resignation, the Company shall promptly appoint a successor trustee by 93 written instrument, in duplicate, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trustee. If no successor trustee shall have been so appointed and have accepted appointment within 30 days after the giving of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor trustee. (b) If at any time the Trustee shall cease to be eligible in accordance with the provisions of Section 8.06 and shall fail to resign after written request therefor by the Company, or if at any time the Trustee shall become incapable of acting, or shall be adjudged bankrupt or insolvent, or a receiver of the Trustee or of its property shall be appointed, or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, then the Company may remove the Trustee and appoint a successor trustee by written instrument, in duplicate, one copy of which instrument shall be delivered to the Trustee so removed and one copy to the successor trustee. In addition, in the event that the Company determines that the Trustee has failed (i) to distribute or cause to be distributed to the Certificateholders any amount required to be distributed hereunder, if such amount is held by the Trustee or its Paying Agent (other than the Master Servicer or the Company) for distribution or (ii) to otherwise observe or perform in any material respect any of its covenants, agreements or obligations hereunder, and such failure shall continue unremedied for a period of 5 days (in respect of clause (i) above) or 30 days (in respect of clause (ii) above) after the date on which written notice of such failure, requiring that the same be remedied, shall have been given to the Trustee by the Company, then the Company may remove the Trustee and appoint a successor trustee by written instrument delivered as provided in the preceding sentence. In connection with the appointment of a successor trustee pursuant to the preceding sentence, the Company shall, on or before the date on which any such appointment becomes effective, obtain from each Rating Agency written confirmation that the appointment of any such successor trustee will not result in the reduction of the ratings on any class of the Certificates below the lesser of the then current or original ratings on such Certificates. (c) The Holders of Certificates entitled to at least 51% of the Voting Rights may at any time remove the Trustee and appoint a successor trustee by written instrument or instruments, in triplicate, signed by such Holders or their attorneys-in-fact duly authorized, one complete set of which instruments shall be delivered to the Company, one complete set to the Trustee so removed and one complete set to the successor so appointed. (d) Any resignation or removal of the Trustee and appointment of a successor trustee pursuant to any of the provisions of this Section shall become effective upon acceptance of appointment by the successor trustee as provided in Section 8.08. Section 8.08. Successor Trustee. ----------------- (a) Any successor trustee appointed as provided in Section 8.07 shall execute, acknowledge and deliver to the 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 shall become effective and such successor trustee, without any further act, deed or conveyance, shall become fully vested with all the rights, powers, duties and obligations of its predecessor hereunder, with the like effect as if originally named as trustee herein. The predecessor trustee shall deliver to the 94 successor trustee all Mortgage Files and related documents and statements held by it hereunder (other than any Mortgage Files at the time held by a Custodian, which shall become the agent of any successor trustee hereunder), and the Company, the Master Servicer and the predecessor trustee shall execute and deliver such instruments and do such other things as may reasonably be required for more fully and certainly vesting and confirming in the successor trustee all such rights, powers, duties and obligations. (b) No successor trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee shall be eligible under the provisions of Section 8.06. (c) Upon acceptance of appointment by a successor trustee as provided in this Section, the 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 or national banking association into which the Trustee may be merged or converted or with which it may be consolidated or any corporation or national banking association resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation or national banking association succeeding to the business of the Trustee, shall be the successor of the Trustee hereunder, provided such corporation or national banking association shall be eligible under the provisions of Section 8.06, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding. The Trustee shall mail notice of any such merger or consolidation to the Certificateholders at their address as shown in the Certificate Register. Section 8.10. Appointment of Co-Trustee or Separate Trustee. --------------------------------------------- (a) Notwithstanding any other provisions hereof, at any time, for the purpose of meeting any legal requirements of any jurisdiction in which any part of the Trust Fund or property securing the same may at the time be located, the Master Servicer and the Trustee acting jointly shall have the power and shall execute and deliver all instruments to appoint one or more Persons approved by the Trustee to act as co-trustee or co-trustees, jointly with the Trustee, or separate trustee or separate trustees, of all or any part of the Trust Fund, and to vest in such Person or Persons, in such capacity, such title to the Trust Fund, or any part thereof, and, subject to the other provisions of this Section 8.10, such powers, duties, obligations, rights and trusts as the Master Servicer and the Trustee may consider necessary or desirable. If the Master Servicer shall not have joined in such appointment within 15 days after the receipt by it of a request so to do, or in case an Event of Default shall have occurred and be continuing, the Trustee alone shall have the power to make such appointment. No co-trustee or separate trustee hereunder shall be required to meet the terms of eligibility as a successor trustee under Section 8.06 hereunder and no notice to Holders of Certificates of the appointment of co-trustee(s) or separate trustee(s) shall be required under Section 8.08 hereof. 95 (b) In the case of any appointment of a co-trustee or separate trustee pursuant to this Section 8.10 all rights, powers, duties and obligations conferred or imposed upon the Trustee shall be conferred or imposed upon and exercised or performed by the Trustee, and such separate trustee or co-trustee jointly, except to the extent that under any law of any jurisdiction in which any particular act or acts are to be performed (whether as Trustee hereunder or as successor to the Master Servicer hereunder), the Trustee shall be incompetent or unqualified to perform such act or acts, in which event such rights, powers, duties and obligations (including the holding of title to the Trust Fund or any portion thereof in any such jurisdiction) shall be exercised and performed by such separate trustee or co-trustee at the direction of the Trustee. (c) Any notice, request or other writing given to the Trustee shall be deemed to have been given to each of the then separate trustees and co-trustees, as effectively as if given to each of them. Every instrument appointing any separate trustee or co-trustee shall refer to this Agreement and the conditions of this Article VIII. Each separate trustee and co-trustee, upon its acceptance of the trusts conferred, shall be vested with the estates or property specified in its instrument of appointment, either jointly with the Trustee or separately, as may be provided therein, subject to all the provisions of this Agreement, specifically including every provision of this Agreement relating to the conduct of, affecting the liability of, or affording protection to, the Trustee. Every such instrument shall be filed with the Trustee. (d) Any separate trustee or co-trustee may, at any time, constitute the Trustee, its agent or attorney-in-fact, with full power and authority, to the extent not prohibited by law, to do any lawful act under or in respect of this Agreement on its behalf and in its name. If any separate trustee or co-trustee shall die, become incapable of acting, resign or be removed, all of its estates, properties, rights, remedies and trusts shall vest in and be exercised by the Trustee, to the extent permitted by law, without the appointment of a new or successor trustee. Section 8.11. Appointment of Custodians. ------------------------- The Trustee may, with the consent of the Master Servicer and the Company, appoint one or more Custodians who are not Affiliates of the Company, the Master Servicer or any Seller to hold all or a portion of the Mortgage Files as agent for the Trustee, by entering into a Custodial Agreement. Subject to Article VIII, the Trustee agrees to comply with the terms of each Custodial Agreement and to enforce the terms and provisions thereof against the Custodian for the benefit of the Certificateholders. Each Custodian shall be a depository institution subject to supervision by federal or state authority, shall have a combined capital and surplus of at least $15,000,000 and shall be qualified to do business in the jurisdiction in which it holds any Mortgage File. Each Custodial Agreement may be amended only as provided in Section 11.01. The Trustee shall notify the Certificateholders of the appointment of any Custodian (other than the Custodian appointed as of the Closing Date) pursuant to this Section 8.11. Section 8.12. Appointment of Office or Agency. ------------------------------- The Trustee will maintain an office or agency in the City of New York at the address designated in Section 11.05 of the Series Supplement where 96 Certificates may be surrendered for registration of transfer or exchange. The Trustee will maintain an office at the address stated in Section 11.05 of the Series Supplement where notices and demands to or upon the Trustee in respect of this Agreement may be served. 97 ARTICLE IX TERMINATION OR OPTIONAL PURCHASE OF ALL CERTIFICATES Section 9.01. Optional Purchase by the Master Servicer of All Certificates; Termination Upon Purchase by the Master Servicer or Liquidation of All Mortgage Loans (a) Subject to Section 9.02, the respective obligations and responsibilities of the Company, the Master Servicer and the Trustee created hereby in respect of the Certificates (other than the obligation of the Trustee to make certain payments after the Final Distribution Date to Certificateholders and the obligation of the Company to send certain notices as hereinafter set forth) shall terminate upon the last action required to be taken by the Trustee on the Final Distribution Date pursuant to this Article IX following the earlier of: (i) the later of the final payment or other liquidation (or any Advance with respect thereto) of the last Mortgage Loan remaining in the Trust Fund or the disposition of all property acquired upon foreclosure or deed in lieu of foreclosure of any Mortgage Loan, or (ii) the purchase by the Master Servicer of all Mortgage Loans and all property acquired in respect of any Mortgage Loan remaining in the Trust Fund at a price equal to 100% of the unpaid principal balance of each Mortgage Loan or, if less than such unpaid principal balance, the fair market value of the related underlying property of such Mortgage Loan with respect to Mortgage Loans as to which title has been acquired if such fair market value is less than such unpaid principal balance (net of any unreimbursed Advances attributable to principal) on the day of repurchase plus accrued interest thereon at the Net Mortgage Rate (or Modified Net Mortgage Rate in the case of any Modified Mortgage Loan) to, but not including, the first day of the month in which such repurchase price is distributed, provided, however, that in no event shall the trust created hereby continue beyond the expiration of -------- ------- 21 years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador of the United States to the Court of St. James, living on the date hereof and provided further that the purchase price set forth above shall be increased as is necessary, as determined by the Master Servicer, to avoid disqualification of any portion of any REMIC formed under the Series Supplement as a REMIC. The right of the Master Servicer to purchase all the assets of the Trust Fund pursuant to clause (ii) above is conditioned upon the Pool Stated Principal Balance as of the Final Distribution Date, prior to giving effect to distributions to be made on such Distribution Date, being less than ten percent of the Cut-off Date Principal Balance of the Mortgage Loans. If such right is exercised by the Master Servicer, the Master Servicer shall be deemed to have been reimbursed for the full amount of any unreimbursed Advances theretofore made by it with respect to the Mortgage Loans. In addition, the Master Servicer shall provide to the Trustee the certification required by Section 3.15 and the Trustee and any Custodian shall, promptly following payment of the purchase price, release to the Master Servicer the Mortgage Files pertaining to the Mortgage Loans being purchased. 98 In addition to the foregoing, on any Distribution Date on which the Pool Stated Principal Balance, prior to giving effect to distributions to be made on such Distribution Date, is less than ten percent of the Cut-off Date Principal Balance of the Mortgage Loans, the Master Servicer shall have the right, at its option, to purchase the Certificates in whole, but not in part, at a price equal to the outstanding Certificate Principal Balance of such Certificates plus the sum of Accrued Certificate Interest thereon for the related Interest Accrual Period and any previously unpaid Accrued Certificate Interest. If the Master Servicer exercises this right to purchase the outstanding Certificates, the Master Servicer will promptly terminate the respective obligations and responsibilities created hereby in respect of the Certificates pursuant to this Article IX. (b) The Master Servicer shall give the Trustee not less than 60 days' prior notice of the Distribution Date on which the Master Servicer anticipates that the final distribution will be made to Certificateholders (whether as a result of the exercise by the Master Servicer of its right to purchase the assets of the Trust Fund or otherwise) or on which the Master Servicer anticipates that the Certificates will be purchased (as a result of the exercise by the Master Servicer to purchase the outstanding Certificates). Notice of any termination specifying the anticipated Final Distribution Date (which shall be a date that would otherwise be a Distribution Date) upon which the Certificateholders may surrender their Certificates to the Trustee (if so required by the terms hereof) for payment of the final distribution and cancellation or notice of any purchase of the outstanding Certificates, specifying the Distribution Date upon which the Holders may surrender their Certificates to the Trustee for payment, shall be given promptly by the Master Servicer (if it is exercising its right to purchase the assets of the Trust Fund or to purchase the outstanding Certificates), or by the Trustee (in any other case) by letter to the Certificateholders mailed not earlier than the 15th day and not later than the 25th day of the month next preceding the month of such final distribution specifying: (i) the anticipated Final Distribution Date upon which final payment of the Certificates is anticipated to be made upon presentation and surrender of Certificates at the office or agency of the Trustee therein designated where required pursuant to this Agreement or, in the case of the purchase by the Master Servicer of the outstanding Certificates, the Distribution Date on which such purchase is to be made, (ii) the amount of any such final payment, or in the case of the purchase of the outstanding Certificates, the purchase price, in either case, if known, and (iii) that the Record Date otherwise applicable to such Distribution Date is not applicable, and in the case of the Senior Certificates, or in the case of all of the Certificates in connection with the exercise by the Master Servicer of its right to purchase the Certificates, that payment will be made only upon presentation and surrender of the Certificates at the office or agency of the Trustee therein specified. If the Master Servicer is obligated to give notice to Certificateholders as aforesaid, it shall give such notice to the Certificate Registrar at the time such notice is given to Certificateholders and, if the Master Servicer is exercising its rights to purchase the outstanding Certificates, it shall give such notice to each Rating Agency at the time such notice is given to 99 Certificateholders. As a result of the exercise by the Master Servicer of its right to purchase the assets of the Trust Fund, the Master Servicer shall deposit in the Certificate Account, before the Final Distribution Date in immediately available funds an amount equal to the purchase price for the assets of the Trust Fund, computed as provided above. As a result of the exercise by the Master Servicer of its right to purchase the outstanding Certificates, the Master Servicer shall deposit in an Eligible Account, established by the Master Servicer on behalf of the Trustee and separate from the Certificate Account in the name of the Trustee in trust for the registered holders of the Certificates, before the Distribution Date on which such purchase is to occur in immediately available funds an amount equal to the purchase price for the Certificates, computed as above provided, and provide notice of such deposit to the Trustee. The Trustee will withdraw from such account the amount specified in subsection (c) below. (c) In the case of the Senior Certificates, upon presentation and surrender of the Certificates by the Certificateholders thereof, and in the case of the Class M and Class B Certificates, upon presentation and surrender of the Certificates by the Certificateholders thereof in connection with the exercise by the Master Servicer of its right to purchase the Certificates, and otherwise in accordance with Section 4.01(a), the Trustee shall distribute to the Certificateholders (i) the amount otherwise distributable on such Distribution Date, if not in connection with the Master Servicer's election to repurchase the assets of the Trust Fund or the outstanding Certificates, or (ii) if the Master Servicer elected to so repurchase the assets of the Trust Fund or the outstanding Certificates, an amount determined as follows: (A) with respect to each Certificate the outstanding Certificate Principal Balance thereof, plus Accrued Certificate Interest for the related Interest Accrual Period thereon and any previously unpaid Accrued Certificate Interest, subject to the priority set forth in Section 4.02(a), and (B) with respect to the Class R Certificates, any excess of the amounts available for distribution (including the repurchase price specified in clause (ii) of subsection (a) of this Section) over the total amount distributed under the immediately preceding clause (A). Notwithstanding the reduction of the Certificate Principal Balance of any Class of Subordinate Certificates to zero, such Class will be outstanding hereunder until the termination of the respective obligations and responsibilities of the Company, the Master Servicer and the Trustee hereunder in accordance with Article IX. (d) If any Certificateholders shall not surrender their Certificates for final payment and cancellation on or before the Final Distribution Date (if so required by the terms hereof), the Trustee shall on such date cause all funds in the Certificate Account not distributed in final distribution to Certificateholders to be withdrawn therefrom and credited to the remaining Certificateholders by depositing such funds in a separate escrow account for the benefit of such Certificateholders, and the Master Servicer (if it exercised its right to purchase the assets of the Trust Fund), or the Trustee (in any other case) shall give a second written notice to the remaining Certificateholders to surrender their Certificates for cancellation and receive the final distribution with respect thereto. If within six months after the second notice any Certificate shall not have been surrendered for cancellation, the Trustee shall take appropriate steps as directed by the Master Servicer to contact the remaining Certificateholders concerning surrender of their Certificates. The costs and expenses of maintaining the escrow account and of contacting Certificateholders shall be paid out of the assets which remain in the escrow account. If within nine months after the second notice any Certificates shall not have been surrendered for cancellation, the Trustee shall pay to the Master 100 Servicer all amounts distributable to the holders thereof and the Master Servicer shall thereafter hold such amounts until distributed to such Holders. No interest shall accrue or be payable to any Certificateholder on any amount held in the escrow account or by the Master Servicer as a result of such Certificateholder's failure to surrender its Certificate(s) for final payment thereof in accordance with this Section 9.01. (e) If any Certificateholders do not surrender their Certificates on or before the Distribution Date on which a purchase of the outstanding Certificates is to be made, the Trustee shall on such date cause all funds in the Certificate Account deposited therein by the Master Servicer pursuant to Section 9.01(b) to be withdrawn therefrom and deposited in a separate escrow account for the benefit of such Certificateholders, and the Master Servicer shall give a second written notice to such Certificateholders to surrender their Certificates for payment of the purchase price therefor. If within six months after the second notice any Certificate shall not have been surrendered for cancellation, the Trustee shall take appropriate steps as directed by the Master Servicer to contact the Holders of such Certificates concerning surrender of their Certificates. The costs and expenses of maintaining the escrow account and of contacting Certificateholders shall be paid out of the assets which remain in the escrow account. If within nine months after the second notice any Certificates shall not have been surrendered for cancellation in accordance with this Section 9.01, the Trustee shall pay to the Master Servicer all amounts distributable to the Holders thereof and the Master Servicer shall thereafter hold such amounts until distributed to such Holders. No interest shall accrue or be payable to any Certificateholder on any amount held in the escrow account or by the Master Servicer as a result of such Certificateholder's failure to surrender its Certificate(s) for payment in accordance with this Section 9.01. Any Certificate that is not surrendered on the Distribution Date on which a purchase pursuant to this Section 9.01 occurs as provided above will be deemed to have been purchased and the Holder as of such date will have no rights with respect thereto except to receive the purchase price therefor minus any costs and expenses associated with such escrow account and notices allocated thereto. Any Certificates so purchased or deemed to have been purchased on such Distribution Date shall remain outstanding hereunder until the Master Servicer has terminated the respective obligations and responsibilities created hereby in respect of the Certificates pursuant to this Article IX. The Master Servicer shall be for all purposes the Holder thereof as of such date. Section 9.02. Additional Termination Requirements. ----------------------------------- (a) Each REMIC that comprises the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received an Opinion of Counsel (which Opinion of Counsel shall not be an expense of the Trustee) to the effect that the failure of each such REMIC to comply with the requirements of this Section 9.02 will not (i) result in the imposition on the Trust of taxes on "prohibited transactions," as described in Section 860F of the Code, or (ii) cause any such REMIC to fail to qualify as a REMIC at any time that any Certificate is outstanding: (i) The Master Servicer shall establish a 90-day liquidation period for each such REMIC and specify the first day of such period in a statement attached to the Trust Fund's final Tax Return pursuant to Treasury regulations Section 1.860F-1. The Master Servicer also shall satisfy all of the requirements of a qualified liquidation for a REMIC under Section 860F of the Code and regulations thereunder; 101 (ii) The Master Servicer shall notify the Trustee at the commencement of such 90-day liquidation period and, at or prior to the time of making of the final payment on the Certificates, the Trustee shall sell or otherwise dispose of all of the remaining assets of the Trust Fund in accordance with the terms hereof; and (iii) If the Master Servicer or the Company is exercising its right to purchase the assets of the Trust Fund, the Master Servicer shall, during the 90-day liquidation period and at or prior to the Final Distribution Date, purchase all of the assets of the Trust Fund for cash. (b) Each Holder of a Certificate and the Trustee hereby irrevocably approves and appoints the Master Servicer as its attorney-in-fact to adopt a plan of complete liquidation for each REMIC at the expense of the Trust Fund in accordance with the terms and conditions of this Agreement. Section 9.03. Termination of Multiple REMICs. If the REMIC Administrator makes two or more separate REMIC elections, the applicable REMIC shall be terminated on the earlier of the Final Distribution Date and the date on which it is deemed to receive the last deemed distributions on the related Uncertificated REMIC Regular Interests and the last distribution due on the Certificates is made. 102 ARTICLE X REMIC PROVISIONS Section 10.01. REMIC Administration. -------------------- (a) The REMIC Administrator shall make an election to treat the Trust Fund as one or more REMICs under the Code and, if necessary, under applicable state law. The assets of each such REMIC will be set forth in the Series Supplement. Such election will be made on Form 1066 or other appropriate federal tax or information return (including Form 8811) or any appropriate state return for the taxable year ending on the last day of the calendar year in which the Certificates are issued. For the purposes of each REMIC election in respect of the Trust Fund, Certificates and interests to be designated as the "regular interests" and the sole class of "residual interests" in the REMIC will be set forth in Section 10.03 of the Series Supplement. The REMIC Administrator and the Trustee shall not permit the creation of any "interests" (within the meaning of Section 860G of the Code) in any REMIC elected in respect of the Trust Fund other than the "regular interests" and "residual interests" so designated. (b) The Closing Date is hereby designated as the "startup day" of the Trust Fund within the meaning of Section 860G(a)(9) of the Code. (c) The REMIC Administrator shall hold a Class R Certificate representing a 0.01% Percentage Interest each Class of the Class R Certificates and shall be designated as "the tax matters person" with respect to each REMIC in the manner provided under Treasury regulations section 1.860F-4(d) and Treasury regulations section 301.6231(a)(7)-1. The REMIC Administrator, as tax matters person, shall (i) act on behalf of each REMIC in relation to any tax matter or controversy involving the Trust Fund and (ii) represent the Trust Fund in any administrative or judicial proceeding relating to an examination or audit by any governmental taxing authority with respect thereto. The legal expenses, including without limitation attorneys' or accountants' fees, and costs of any such proceeding and any liability resulting therefrom shall be expenses of the Trust Fund and the REMIC Administrator shall be entitled to reimbursement therefor out of amounts attributable to the Mortgage Loans on deposit in the Custodial Account as provided by Section 3.10 unless such legal expenses and costs are incurred by reason of the REMIC Administrator's willful misfeasance, bad faith or gross negligence. If the REMIC Administrator is no longer the Master Servicer hereunder, at its option the REMIC Administrator may continue its duties as REMIC Administrator and shall be paid reasonable compensation not to exceed $3,000 per year by any successor Master Servicer hereunder for so acting as the REMIC Administrator. (d) The REMIC Administrator shall prepare or cause to be prepared all of the Tax Returns that it determines are required with respect to each REMIC created hereunder and deliver such Tax Returns in a timely manner to the Trustee and the Trustee shall sign and file such Tax Returns in a timely manner. The expenses of preparing such returns shall be borne by the REMIC Administrator without any right of reimbursement therefor. The REMIC Administrator agrees to indemnify and hold harmless the Trustee with respect to any tax or liability arising from the Trustee's signing of Tax Returns that contain errors or omissions. The Trustee and Master Servicer shall promptly provide the REMIC Administrator with such information as the REMIC Administrator may from time to time request for the purpose of enabling the REMIC Administrator to prepare Tax Returns. 103 (e) The REMIC Administrator shall provide (i) to any Transferor of a Class R Certificate such information as is necessary for the application of any tax relating to the transfer of a Class R Certificate to any Person who is not a Permitted Transferee, (ii) to the Trustee, and the Trustee shall forward to the Certificateholders, such information or reports as are required by the Code or the REMIC Provisions including reports relating to interest, original issue discount and market discount or premium (using the Prepayment Assumption) and (iii) to the Internal Revenue Service the name, title, address and telephone number of the person who will serve as the representative of each REMIC. (f) The Master Servicer and the REMIC Administrator shall take such actions and shall cause each REMIC created hereunder to take such actions as are reasonably within the Master Servicer's or the REMIC Administrator's control and the scope of its duties more specifically set forth herein as shall be necessary or desirable to maintain the status of each REMIC as a REMIC under the REMIC Provisions (and the Trustee shall assist the Master Servicer and the REMIC Administrator, to the extent reasonably requested by the Master Servicer and the REMIC Administrator to do so). The Master Servicer and the REMIC Administrator shall not knowingly or intentionally take any action, cause the Trust Fund to take any action or fail to take (or fail to cause to be taken) any action reasonably within their respective control that, under the REMIC Provisions, if taken or not taken, as the case may be, could (i) endanger the status of any portion of any REMIC formed under the Series Supplement as a REMIC or (ii) result in the imposition of a tax upon any such REMIC (including but not limited to the tax on prohibited transactions as defined in Section 860F(a)(2) of the Code and the tax on contributions to a REMIC set forth in Section 860G(d) of the Code) (either such event, in the absence of an Opinion of Counsel or the indemnification referred to in this sentence, an "Adverse REMIC Event") unless the Master Servicer or the REMIC Administrator, as applicable, has received an Opinion of Counsel (at the expense of the party seeking to take such action or, if such party fails to pay such expense, and the Master Servicer or the REMIC Administrator, as applicable, determines that taking such action is in the best interest of the Trust Fund and the Certificateholders, at the expense of the Trust Fund, but in no event at the expense of the Master Servicer, the REMIC Administrator or the Trustee) to the effect that the contemplated action will not, with respect to each REMIC created hereunder, endanger such status or, unless the Master Servicer, the REMIC Administrator or both, as applicable, determine in its or their sole discretion to indemnify the Trust Fund against the imposition of such a tax, result in the imposition of such a tax. Wherever in this Agreement a contemplated action may not be taken because the timing of such action might result in the imposition of a tax on the Trust Fund, or may only be taken pursuant to an Opinion of Counsel that such action would not impose a tax on the Trust Fund, such action may nonetheless be taken provided that the indemnity given in the preceding sentence with respect to any taxes that might be imposed on the Trust Fund has been given and that all other preconditions to the taking of such action have been satisfied. The Trustee shall not take or fail to take any action (whether or not authorized hereunder) as to which the Master Servicer or the REMIC Administrator, as applicable, has advised it in writing that it has received an Opinion of Counsel to the effect that an Adverse REMIC Event could occur with respect to such action. In addition, prior to taking any action with respect to any REMIC created hereunder or any related assets thereof, or causing any such REMIC to take any action, which is not expressly permitted under the terms of this Agreement, the Trustee will consult with the Master Servicer or the REMIC Administrator, as applicable, or its designee, in writing, with respect to whether such action could cause an Adverse REMIC Event to occur with respect to any such REMIC, and the Trustee shall not take any such action or cause any such REMIC to take any such action as to which the Master Servicer or the REMIC Administrator, as applicable, has advised it in writing that an Adverse REMIC Event could occur. The Master Servicer or the REMIC Administrator, as applicable, may consult with counsel to make such written advice, and the cost of same shall be borne by the party seeking to take the action not expressly permitted by this Agreement, but in no 104 event at the expense of the Master Servicer or the REMIC Administrator. At all times as may be required by the Code, the Master Servicer will to the extent within its control and the scope of its duties more specifically set forth herein, maintain substantially all of the assets of each REMIC created hereunder as "qualified mortgages" as defined in Section 860G(a)(3) of the Code and "permitted investments" as defined in Section 860G(a)(5) of the Code. (g) In the event that any tax is imposed on "prohibited transactions" of any REMIC created hereunder as defined in Section 860F(a)(2) of the Code, on "net income from foreclosure property" of any such REMIC as defined in Section 860G(c) of the Code, on any contributions to any such REMIC after the Startup Day therefor pursuant to Section 860G(d) of the Code, or any other tax is imposed by the Code or any applicable provisions of state or local tax laws, such tax shall be charged (i) to the Master Servicer, if such tax arises out of or results from a breach by the Master Servicer of any of its obligations under this Agreement or the Master Servicer has in its sole discretion determined to indemnify the Trust Fund against such tax, (ii) to the Trustee, if such tax arises out of or results from a breach by the Trustee of any of its obligations under this Article X, or (iii) otherwise against amounts on deposit in the Custodial Account as provided by Section 3.10 and on the Distribution Date(s) following such reimbursement the aggregate of such taxes shall be allocated in reduction of the Accrued Certificate Interest on each Class entitled thereto in the same manner as if such taxes constituted a Prepayment Interest Shortfall. (h) The Trustee and the Master Servicer shall, for federal income tax purposes, maintain books and records with respect to each REMIC created hereunder on a calendar year and on an accrual basis or as otherwise may be required by the REMIC Provisions. (i) Following the Startup Day, neither the Master Servicer nor the Trustee shall accept any contributions of assets to any REMIC created hereunder unless (subject to Section 10.01(f)) the Master Servicer and the Trustee shall have received an Opinion of Counsel (at the expense of the party seeking to make such contribution) to the effect that the inclusion of such assets in such REMIC will not cause the REMIC to fail to qualify as a REMIC at any time that any Certificates are outstanding or subject the REMIC to any tax under the REMIC Provisions or other applicable provisions of federal, state and local law or ordinances. (j) Neither the Master Servicer nor the Trustee shall (subject to Section 10.01(f)) enter into any arrangement by which any REMIC created hereunder will receive a fee or other compensation for services nor permit any such REMIC to receive any income from assets other than "qualified mortgages" as defined in Section 860G(a)(3) of the Code or "permitted investments" as defined in Section 860G(a)(5) of the Code. 105 (k) Solely for the purposes of Section 1.860G-1(a)(4)(iii) of the Treasury Regulations, the "latest possible maturity date" by which the Certificate Principal Balance of each Class of Certificates (other than the Interest Only Certificates) representing a regular interest in the applicable REMIC and the Uncertificated Principal Balance of each Uncertificated REMIC Regular Interest (other than each Uncertificated REMIC Regular Interest represented by a Class A-V Certificate, if any) and the rights to the Interest Only Certificates and Uncertificated REMIC Regular Interest represented by a Class A-V Certificate would be reduced to zero is the Maturity Date for each such Certificate and Interest. (l) Within 30 days after the Closing Date, the REMIC Administrator shall prepare and file with the Internal Revenue Service Form 8811, "Information Return for Real Estate Mortgage Investment Conduits (REMIC) and Issuers of Collateralized Debt Obligations" for each REMIC created hereunder. (m) Neither the Trustee nor the Master Servicer shall sell, dispose of or substitute for any of the Mortgage Loans (except in connection with (i) the default, imminent default or foreclosure of a Mortgage Loan, including but not limited to, the acquisition or sale of a Mortgaged Property acquired by deed in lieu of foreclosure, (ii) the bankruptcy of any REMIC created hereunder, (iii) the termination of any such REMIC pursuant to Article IX of this Agreement or (iv) a purchase of Mortgage Loans pursuant to Article II or III of this Agreement) nor acquire any assets for any such REMIC, nor sell or dispose of any investments in the Custodial Account or the Certificate Account for gain nor accept any contributions to any such REMIC after the Closing Date unless it has received an Opinion of Counsel that such sale, disposition, substitution or acquisition will not (a) affect adversely the status of such REMIC as a REMIC or (b) unless the Master Servicer has determined in its sole discretion to indemnify the Trust Fund against such tax, cause such REMIC to be subject to a tax on "prohibited transactions" or "contributions" pursuant to the REMIC Provisions. Section 10.02. Master Servicer, REMIC Administrator and Trustee Indemnification. ----------------------------------------------------------------- (a) The Trustee agrees to indemnify the Trust Fund, the Company, the REMIC Administrator and the Master Servicer for any taxes and costs including, without limitation, any reasonable attorneys fees imposed on or incurred by the Trust Fund, the Company or the Master Servicer, as a result of a breach of the Trustee's covenants set forth in Article VIII or this Article X. (b) The REMIC Administrator agrees to indemnify the Trust Fund, the Company, the Master Servicer and the Trustee for any taxes and costs (including, without limitation, any reasonable attorneys' fees) imposed on or incurred by the Trust Fund, the Company, the Master Servicer or the Trustee, as a result of a breach of the REMIC Administrator's covenants set forth in this Article X with respect to compliance with the REMIC Provisions, including without limitation, any penalties arising from the Trustee's execution of Tax Returns prepared by the REMIC Administrator that contain errors or omissions; provided, however, that such liability will not be imposed to the extent such breach is a result of an error or omission in information provided to the REMIC Administrator by the Master Servicer in which case Section 10.02(c) will apply. 106 (c) The Master Servicer agrees to indemnify the Trust Fund, the Company, the REMIC Administrator and the Trustee for any taxes and costs (including, without limitation, any reasonable attorneys' fees) imposed on or incurred by the Trust Fund, the Company, the REMIC Administrator or the Trustee, as a result of a breach of the Master Servicer's covenants set forth in this Article X or in Article III with respect to compliance with the REMIC Provisions, including without limitation, any penalties arising from the Trustee's execution of Tax Returns prepared by the Master Servicer that contain errors or omissions. Section 10.03. Designation of REMIC(s). As provided in Section 10.03 of the Series Supplement. 107 ARTICLE XI MISCELLANEOUS PROVISIONS Section 11.01. Amendment. --------- (a) This Agreement or any Custodial Agreement may be amended from time to time by the Company, the Master Servicer and the Trustee, without the consent of any of the Certificateholders: (i) to cure any ambiguity, (ii) to correct or supplement any provisions herein or therein, which may be inconsistent with any other provisions herein or therein or to correct any error, (iii) to modify, eliminate or add to any of its provisions to such extent as shall be necessary or desirable to maintain the qualification of the Trust Fund as a REMIC at all times that any Certificate is outstanding or to avoid or minimize the risk of the imposition of any tax on the Trust Fund pursuant to the Code that would be a claim against the Trust Fund, provided that the Trustee has received an Opinion of Counsel to the effect that (A) such action is necessary or desirable to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and (B) such action will not adversely affect in any material respect the interests of any Certificateholder, (iv) to change the timing and/or nature of deposits into the Custodial Account or the Certificate Account or to change the name in which the Custodial Account is maintained, provided that (A) the Certificate Account Deposit Date shall in no event be later than the related Distribution Date, (B) such change shall not, as evidenced by an Opinion of Counsel, adversely affect in any material respect the interests of any Certificateholder and (C) such change shall not result in a reduction of the rating assigned to any Class of Certificates below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date, as evidenced by a letter from each Rating Agency to such effect, (v) to modify, eliminate or add to the provisions of Section 5.02(f) or any other provision hereof restricting transfer of the Class R Certificates, by virtue of their being the "residual interests" in a REMIC, provided that (A) such change shall not result in reduction of the rating assigned to any such Class of Certificates below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date, as evidenced by a letter from each Rating Agency to such effect, and (B) such change shall not (subject to Section 10.01(f)), as evidenced by an Opinion of Counsel (at the expense of the party seeking so to modify, eliminate or add such provisions), cause any REMIC created hereunder or any of the Certificateholders (other than the transferor) to be subject to a federal tax caused by a transfer to a Person that is not a Permitted Transferee, (vi) to make any other provisions with respect to matters or questions arising under this Agreement or such Custodial Agreement which shall not 108 be materially inconsistent with the provisions of this Agreement, provided that such action shall not, as evidenced by an Opinion of Counsel, adversely affect in any material respect the interests of any Certificateholder or (vii) to amend any provision herein or therein that is not material to any of the Certificateholders. (b) This Agreement or any Custodial Agreement may also be amended from time to time by the Company, the Master Servicer and the Trustee with the consent of the Holders of Certificates evidencing in the aggregate not less than 66% of the Percentage Interests of each Class of Certificates with a Certificate Principal Balance greater than zero affected thereby for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement or such Custodial Agreement or of modifying in any manner the rights of the Holders of Certificates of such Class; provided, however, that no such amendment shall: (i) reduce in any manner the amount of, or delay the timing of, payments which are required to be distributed on any Certificate without the consent of the Holder of such Certificate, (ii) reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment, in any such case without the consent of the Holders of all Certificates of such Class then outstanding. (c) Notwithstanding any contrary provision of this Agreement, the Trustee shall not consent to any amendment to this Agreement unless it shall have first received an Opinion of Counsel (subject to Section 10.01(f) and at the expense of the party seeking such amendment) to the effect that such amendment or the exercise of any power granted to the Master Servicer, the Company or the Trustee in accordance with such amendment will not result in the imposition of a federal tax on the Trust Fund or cause any REMIC created under the Series Supplement to fail to qualify as a REMIC at any time that any Certificate is outstanding. (d) Promptly after the execution of any such amendment the Trustee shall furnish written notification of the substance of such amendment to the Custodian and each Certificateholder. It shall not be necessary for the consent of Certificateholders under this Section 11.01 to approve the particular form of any proposed amendment, but it shall be sufficient if such consent shall approve the substance thereof. The manner of obtaining such consents and of evidencing the authorization of the execution thereof by Certificateholders shall be subject to such reasonable regulations as the Trustee may prescribe. (e) The Company shall have the option, in its sole discretion, to obtain and deliver to the Trustee any corporate guaranty, payment obligation, irrevocable letter of credit, surety bond, insurance policy or similar instrument or a reserve fund, or any combination of the foregoing, for the purpose of protecting the Holders of the Class B Certificates against any or all Realized Losses or other shortfalls. Any such instrument or fund shall be held by the Trustee for the benefit of the Class B Certificateholders, but shall not be and shall not be deemed to be under any circumstances included in the Trust Fund. To the extent that any such instrument or fund constitutes a reserve fund for federal 109 income tax purposes, (i) any reserve fund so established shall be an outside reserve fund and not an asset of the Trust Fund, (ii) any such reserve fund shall be owned by the Company, and (iii) amounts transferred by the Trust Fund to any such reserve fund shall be treated as amounts distributed by the Trust Fund to the Company or any successor, all within the meaning of Treasury Regulations Section 1.860G-2(h) as it reads as of the Cut-off Date. In connection with the provision of any such instrument or fund, this Agreement and any provision hereof may be modified, added to, deleted or otherwise amended in any manner that is related or incidental to such instrument or fund or the establishment or administration thereof, such amendment to be made by written instrument executed or consented to by the Company but without the consent of any Certificateholder and without the consent of the Master Servicer or the Trustee being required unless any such amendment would impose any additional obligation on, or otherwise adversely affect the interests of the Senior Certificateholders, the Class M Certificateholders, the Master Servicer or the Trustee, as applicable; provided that the Company obtains (subject to Section 10.01(f)) an Opinion of Counsel (which need not be an opinion of Independent counsel) to the effect that any such amendment will not cause (a) any federal tax to be imposed on the Trust Fund, including without limitation, any federal tax imposed on "prohibited transactions" under Section 860F(a)(1) of the Code or on "contributions after the startup date" under Section 860G(d)(1) of the Code and (b) any REMIC created hereunder to fail to qualify as a REMIC at any time that any Certificate is outstanding. In the event that the Company elects to provide such coverage in the form of a limited guaranty provided by General Motors Acceptance Corporation, the Company may elect that the text of such amendment to this Agreement shall be substantially in the form attached hereto as Exhibit K (in which case Residential Funding's Subordinate Certificate Loss Obligation as described in such exhibit shall be established by Residential Funding's consent to such amendment) and that the limited guaranty shall be executed in the form attached hereto as Exhibit L, with such changes as the Company shall deem to be appropriate; it being understood that the Trustee has reviewed and approved the content of such forms and that the Trustee's consent or approval to the use thereof is not required. Section 11.02. Recordation of Agreement; Counterparts. --------------------------------------- (a) To the extent permitted by applicable law, this Agreement is subject to recordation in all appropriate public offices for real property records in all the counties or other comparable jurisdictions in which any or all of the properties subject to the Mortgages are situated, and in any other appropriate public recording office or elsewhere, such recordation to be effected by the Master Servicer and at its expense on direction by the Trustee (pursuant to the request of Holders of Certificates entitled to at least 25% of the Voting Rights), but only upon direction accompanied by an Opinion of Counsel to the effect that such recordation materially and beneficially affects the interests of the Certificateholders. (b) For the purpose of facilitating the recordation of this Agreement as herein provided and for other purposes, this Agreement may be executed simultaneously in any number of counterparts, each of which counterparts shall be deemed to be an original, and such counterparts shall constitute but one and the same instrument. 110 Section 11.03. Limitation on Rights of Certificateholders. ------------------------------------------- (a) The death or incapacity of any Certificateholder shall not operate to terminate this Agreement or the Trust Fund, nor entitle such Certificateholder's legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of the Trust Fund, nor otherwise affect the rights, obligations and liabilities of any of the parties hereto. (b) No Certificateholder shall have any right to vote (except as expressly provided herein) or in any manner otherwise control the operation and management of the Trust Fund, or the obligations of the parties hereto, nor shall anything herein set forth, or contained in the terms of the Certificates, be construed so as to constitute the Certificateholders from time to time as partners or members of an association; nor shall any Certificateholder be under any liability to any third person by reason of any action taken by the parties to this Agreement pursuant to any provision hereof. (c) No Certificateholder shall have any right by virtue of any provision of this Agreement to institute any suit, action or proceeding in equity or at law upon or under or with respect to this Agreement, unless such Holder previously shall have given to the Trustee a written notice of default and of the continuance thereof, as hereinbefore provided, and unless also the Holders of Certificates of any Class evidencing in the aggregate not less than 25% of the related Percentage Interests of such Class, shall have made written request upon the Trustee to institute such action, suit or proceeding in its own name as Trustee hereunder and shall have offered to the Trustee such reasonable indemnity as it may require against the costs, expenses and liabilities to be incurred therein or thereby, 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 of any Class shall have any right in any manner whatever by virtue of any provision of this Agreement to affect, disturb or prejudice the rights of the Holders of any other of such Certificates of such Class or any other Class, or to obtain or seek to obtain priority over or preference to any other such Holder, or to enforce any right under this Agreement, except in the manner herein provided and for the common benefit of Certificateholders of such Class or all Classes, as the case may be. For the protection and enforcement of the provisions of this Section 11.03, each and every Certificateholder and the Trustee shall be entitled to such relief as can be given either at law or in equity. Section 11.04. Governing Law. ------------- This agreement and the Certificates shall be governed by and construed in accordance with the laws of the State of New York and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws. 111 Section 11.05. Notices. ------- As provided in Section 11.05 of the Series Supplement. Section 11.06. Required Notices to Rating Agency and Subservicer. -------------------------------------------------- The Company, the Master Servicer or the Trustee, as applicable, (i) shall notify each Rating Agency at such time as it is otherwise required pursuant to this Agreement to give notice of the occurrence of, any of the events described in clause (a), (b), (c), (d), (g), (h), (i) or (j) below, (ii) shall notify the Subservicer at such time as it is otherwise required pursuant to this Agreement to give notice of the occurrence of, any of the events described in clause (a), (b), (c)(1), (g)(1), or (i) below, or (iii) provide a copy to each Rating Agency at such time as otherwise required to be delivered pursuant to this Agreement of any of the statements described in clauses (e) and (f) below: (a) a material change or amendment to this Agreement, (b) the occurrence of an Event of Default, (c) (1) the termination or appointment of a successor Master Servicer or (2) the termination or appointment of a successor Trustee or a change in the majority ownership of the Trustee, (d) the filing of any claim under the Master Servicer's blanket fidelity bond and the errors and omissions insurance policy required by Section 3.12 or the cancellation or modification of coverage under any such instrument, (e) the statement required to be delivered to the Holders of each Class of Certificates pursuant to Section 4.03, (f) the statements required to be delivered pursuant to Sections 3.18 and 3.19, (g) (1) a change in the location of the Custodial Account or (2) a change in the location of the Certificate Account, (h) the occurrence of any monthly cash flow shortfall to the Holders of any Class of Certificates resulting from the failure by the Master Servicer to make an Advance pursuant to Section 4.04, (i) the occurrence of the Final Distribution Date, and (j) the repurchase of or substitution for any Mortgage Loan, provided, however, that with respect to notice of the occurrence of the events described in clauses (d), (g) or (h) above, the Master Servicer shall provide prompt written notice to each Rating Agency and the Subservicer, if applicable, of any such event known to the Master Servicer. 112 Section 11.07. Severability of Provisions. -------------------------- If any one or more of the covenants, agreements, provisions or terms of this Agreement shall be for any reason whatsoever held invalid, then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this Agreement and shall in no way affect the validity or enforceability of the other provisions of this Agreement or of the Certificates or the rights of the Holders thereof. Section 11.08. Supplemental Provisions for Resecuritization. --------------------------------------------- This Agreement may be supplemented by means of the addition of a separate Article hereto (a "Supplemental Article") for the purpose of resecuritizing any of the Certificates issued hereunder, under the following circumstances. With respect to any Class or Classes of Certificates issued hereunder, or any portion of any such Class, as to which the Company or any of its Affiliates (or any designee thereof) is the registered Holder (the "Resecuritized Certificates"), the Company may deposit such Resecuritized Certificates into a new REMIC, grantor trust, FASIT or custodial arrangement (a "Restructuring Vehicle") to be held by the Trustee pursuant to a Supplemental Article. The instrument adopting such Supplemental Article shall be executed by the Company, the Master Servicer and the Trustee; provided, that neither the Master Servicer nor the Trustee shall withhold their consent thereto if their respective interests would not be materially adversely affected thereby. To the extent that the terms of the Supplemental Article do not in any way affect any provisions of this Agreement as to any of the Certificates initially issued hereunder, the adoption of the Supplemental Article shall not constitute an "amendment" of this Agreement. Each Supplemental Article shall set forth all necessary provisions relating to the holding of the Resecuritized Certificates by the Trustee, the establishment of the Restructuring Vehicle, the issuing of various classes of new certificates by the Restructuring Vehicle and the distributions to be made thereon, and any other provisions necessary for the purposes thereof. In connection with each Supplemental Article, the Company shall deliver to the Trustee an Opinion of Counsel to the effect that (i) the Restructuring Vehicle will qualify as a REMIC, grantor trust, FASIT or other entity not subject to taxation for federal income tax purposes and (ii) the adoption of the Supplemental Article will not endanger the status of the Trust Fund as a REMIC or (subject to Section 10.01(f)) result in the imposition of a tax upon the Trust Fund (including but not limited to the tax on prohibited transactions as defined in Section 860F(a)(2) of the Code and the tax on contributions to a REMIC as set forth in Section 860G(d) of the Code). Section 11.09. Allocation of Voting Rights. As provided in Section 11.09 of the Series Supplement. Section 11.10. No Petition. ----------- As provided in Section 11.10 of the Series Supplement. 113 EXHIBIT A FORM OF CLASS A CERTIFICATE, [PRINCIPAL ONLY/CLASS A-P] CERTIFICATE AND [INTEREST ONLY/CLASS A-V] CERTIFICATE SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO 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.] [THE FOLLOWING INFORMATION IS PROVIDED SOLELY FOR THE PURPOSES OF APPLYING THE U.S. FEDERAL INCOME TAX ORIGINAL ISSUE DISCOUNT ("OID") RULES TO THIS CERTIFICATE. THE ISSUE DATE OF THIS CERTIFICATE IS ___________ __, ____. ASSUMING THAT THE MORTGAGE LOANS PREPAY AT [___]% OF THE PREPAYMENT SPEED ASSUMPTION (AS DESCRIBED IN THE PROSPECTUS SUPPLEMENT), [AND ASSUMING A CONSTANT PASS-THROUGH RATE EQUAL TO THE INITIAL PASS-THROUGH RATE,] THIS CERTIFICATE HAS BEEN ISSUED WITH NO MORE THAN $[ ] OF OID PER [$1,000] [$100,000] OF [INITIAL CERTIFICATE PRINCIPAL BALANCE] [NOTIONAL AMOUNT], THE YIELD TO MATURITY IS [ ]% AND THE AMOUNT OF OID ATTRIBUTABLE TO THE INITIAL ACCRUAL PERIOD IS NO MORE THAN $[ ] PER [$1,000] [$100,000] OF [INITIAL CERTIFICATE PRINCIPAL BALANCE] [NOTIONAL AMOUNT], COMPUTED USING THE APPROXIMATE METHOD. NO REPRESENTATION IS MADE THAT THE MORTGAGE LOANS WILL PREPAY AT A RATE BASED ON THE PREPAYMENT SPEED ASSUMPTION OR AT ANY OTHER RATE OR AS TO THE CONSTANCY OF THE PASS-THROUGH RATE.] 1 Certificate No. [ %][Variable] Pass-Through Rate -------- -------- [based on a Notional Amount] Class A- Senior Date of Pooling and Servicing [Percentage Interest: %] ------ Agreement and Cut-off Date: ___________ 1, ____ Aggregate Initial [Certificate Principal Balance] [[Interest Only/Class A-V] Notional First Distribution Date: Amount] [Subclass Notional Amount] of the _________ 25, ____ Class A- Certificates: ---- Master Servicer: [Initial] [Certificate Principal Residential Funding Balance] [Interest Only/Class A-V] [Subclass] Corporation Notional Amount] of this Certificate: $ ] Assumed Final Distribution Date: CUSIP 76110F- ___________ 25, ____ MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATE SERIES ____-___ evidencing a percentage interest in the distributions allocable to the Class A- Certificates with respect to a Trust Fund consisting primarily of a pool of conventional one- to four-family fixed interest rate first mortgage loans formed and sold by RESIDENTIAL ACCREDIT LOANS, INC. This Certificate is payable solely from the assets of the Trust Fund, and does not represent an obligation of or interest in Residential Accredit Loans, Inc., the Master Servicer, the Trustee referred to below or GMAC Mortgage Group, Inc. or any of their affiliates. Neither this Certificate nor the underlying Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality or by Residential Accredit Loans, Inc., the Master Servicer, the Trustee or GMAC Mortgage Group, Inc. or any of their affiliates. None of the Company, the Master Servicer, GMAC Mortgage Group, Inc. or any of their affiliates will have any obligation with respect to any certificate or other obligation secured by or payable from payments on the Certificates. This certifies that _________________ is the registered owner of the Percentage Interest evidenced by this Certificate [(obtained by dividing the [Initial Certificate Principal Balance] [Initial [Interest Only/Class A-V] Notional Amount] of this Certificate by the aggregate [Initial Certificate Principal Balance of all Class A- Certificates] [Initial [Interest Only/Class A-V] Notional Amounts of all [Interest Only/Class A-V] Certificates], both as specified above)] in certain distributions with respect to the Trust Fund consisting primarily of an interest in a pool of conventional one- to four-family fixed interest rate first mortgage loans (the "Mortgage Loans"), formed and sold by Residential Accredit Loans, Inc. (hereinafter called the "Company," which term includes any successor entity under the Agreement referred to below). The Trust Fund was created pursuant to a Pooling and Servicing 2 Agreement dated as specified above (the "Agreement") among the Company, the Master Servicer and __________________, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the "Distribution Date"), commencing as described in the Agreement, to the Person in whose name this Certificate is registered at the close of business on the last day (or if such last day is not a Business Day, the Business Day immediately preceding such last day) of the month immediately preceding the month of such distribution (the "Record Date"), from the Available Distribution Amount in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount [(of interest and principal, if any)] required to be distributed to Holders of Class A- Certificates on such Distribution Date. [The [Interest Only/Class A-V] Notional Amount of the [Interest Only/Class A-V] Certificates as of any date of determination is equal to the aggregate Stated Principal Balance of the Mortgage Loans corresponding to the Uncertificated REMIC Regular Interests represented by such [Interest Only/Class A-V] Certificates.] [The Subclass Notional Amount of the [Interest Only/Class A-V]- Certificates as of any date of determination is equal to the aggregate Stated Principal Balance of the Mortgage Loans corresponding to the Uncertificated REMIC Regular Interests represented by such [Interest Only/Class A-V]- Certificates immediately prior to such date.] [The [Interest Only/Class A-V][- ] Certificates have no Certificate Principal Balance.] Distributions on this Certificate will be made either by the Master Servicer acting on behalf of the Trustee or by a Paying Agent appointed by the Trustee in immediately available funds (by wire transfer or otherwise) for the account of the Person entitled thereto if such Person shall have so notified the Master Servicer or such Paying Agent, or by check mailed to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose in the City and State of New York. The [Initial Certificate Principal Balance] [Initial [Interest Only/Class A-V] Notional Amount] [initial Subclass Notional Amount] of this Certificate is set forth above.] [The Certificate Principal Balance hereof will be reduced to the extent of distributions allocable to principal and any Realized Losses allocable hereto.] This Certificate is one of a duly authorized issue of Certificates issued in several Classes designated as Mortgage Asset-Backed Pass-Through Certificates of the Series specified hereon (herein collectively called the "Certificates"). The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. In the event Master Servicer funds are advanced with respect to any Mortgage Loan, such advance is 3 reimbursable to the Master Servicer, to the extent provided in the Agreement, from related recoveries on such Mortgage Loan or from other cash that would have been distributable to Certificateholders. As provided in the Agreement, withdrawals from the Custodial Account and/or the Certificate Account created for the benefit of Certificateholders may be made by the Master Servicer from time to time for purposes other than distributions to Certificateholders, such purposes including without limitation reimbursement to the Company and the Master Servicer of advances made, or certain expenses incurred, by either of them. The Agreement permits, with certain exceptions therein provided, the amendment of the Agreement and the modification of the rights and obligations of the Company, the Master Servicer and the Trustee and the rights of the Certificateholders under the Agreement at any time by the Company, the Master Servicer and the Trustee with the consent of the Holders of Certificates evidencing in the aggregate not less than 66% of the Percentage Interests of each Class of Certificates affected thereby. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon the Certificate. The Agreement also permits the amendment thereof in certain circumstances without the consent of the Holders of any of the Certificates and, in certain additional circumstances, without the consent of the Holders of certain Classes of Certificates. As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee in the City and State of New York, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee and the Certificate Registrar duly executed by the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest will be issued to the designated transferee or transferees. The Certificates are issuable only as registered Certificates without coupons in Classes and in denominations specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, Certificates are exchangeable for new Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. The Company, the Master Servicer, the Trustee and the Certificate Registrar and any agent of the Company, the Master Servicer, the Trustee or the Certificate Registrar may treat the Person in whose name this Certificate is 4 registered as the owner hereof for all purposes, and neither the Company, the Master Servicer, the Trustee nor any such agent shall be affected by notice to the contrary. This Certificate shall be governed by and construed in accordance with the laws of the State of New York. The obligations created by the Agreement in respect of the Certificates and the Trust Fund created thereby shall terminate upon the payment to Certificateholders of all amounts held by or on behalf of the Trustee and required to be paid to them pursuant to the Agreement following the earlier of (i) the maturity or other liquidation of the last Mortgage Loan subject thereto or the disposition of all property acquired upon foreclosure or deed in lieu of foreclosure of any Mortgage Loan and (ii) the purchase by the Master Servicer from the Trust Fund of all remaining Mortgage Loans and all property acquired in respect of such Mortgage Loans, thereby effecting early retirement of the Certificates. The Agreement permits, but does not require, the Master Servicer to (i) purchase at a price determined as provided in the Agreement all remaining Mortgage Loans and all property acquired in respect of any Mortgage Loan or (ii) purchase in whole, but not in part, all of the Certificates from the Holders thereof; provided, that any such option may only be exercised if the Pool Stated Principal Balance of the Mortgage Loans as of the Distribution Date upon which the proceeds of any such purchase are distributed is less than ten percent of the Cut-off Date Principal Balance of the Mortgage Loans. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. Unless the certificate of authentication hereon has been executed by the Certificate Registrar, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. 5 IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed. Dated: [_________________________], as Trustee By: --------------------------------- Authorized Signatory CERTIFICATE OF AUTHENTICATION This is one of the Class A- Certificates referred to in the within-mentioned Agreement. [---------------------------], as Certificate Registrar By: --------------------------------- Authorized Signatory 6 A-1 ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto________________________________________ (Please print or typewrite name and address including postal zip code of assignee) a Percentage Interest evidenced by the within Mortgage Asset-Backed Pass-Through Certificate and hereby authorizes the transfer of registration of such interest to assignee on the Certificate Register of the Trust Fund. I (We) further direct the Certificate Registrar to issue a new Certificate of a like denomination and Class, to the above named assignee and deliver such Certificate to the following address: _______________________________ Dated: ________________________ Signature by or on behalf of assignor _______________________________ Signature Guaranteed DISTRIBUTION INSTRUCTIONS The assignee should include the following for purposes of distribution: Distributions shall be made, by wire transfer or otherwise, in immediately available funds to _______________________ for the account of __________________________ account number _________________, or, if mailed by check, to ________________________. Applicable statements should be mailed to ___________________________. This information is provided by ______________________, the assignee named above, or ___________________, as its agent. 7 EXHIBIT B FORM OF CLASS M CERTIFICATE THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE SENIOR CERTIFICATES [CLASS M-1 CERTIFICATES] [AND CLASS M-2 CERTIFICATES] AS DESCRIBED IN THE AGREEMENT (AS DEFINED BELOW). SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE "CODE"). UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO 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. THE FOLLOWING INFORMATION IS PROVIDED SOLELY FOR THE PURPOSES OF APPLYING THE U.S. FEDERAL INCOME TAX ORIGINAL ISSUE DISCOUNT ("OID") RULES TO THIS CERTIFICATE. THE ISSUE DATE OF THIS CERTIFICATE IS ___________ __, ____. ASSUMING THAT THE MORTGAGE LOANS PREPAY AT [___]% OF THE PREPAYMENT SPEED ASSUMPTION (AS DESCRIBED IN THE PROSPECTUS SUPPLEMENT), THIS CERTIFICATE HAS BEEN ISSUED WITH NO MORE THAN $[____] OF OID PER $[1,000] OF INITIAL CERTIFICATE PRINCIPAL BALANCE, THE YIELD TO MATURITY IS [_____]% AND THE AMOUNT OF OID ATTRIBUTABLE TO THE INITIAL ACCRUAL PERIOD IS NO MORE THAN $[____] PER $[1,000] OF INITIAL CERTIFICATE PRINCIPAL BALANCE, COMPUTED UNDER THE APPROXIMATE METHOD. NO REPRESENTATION IS MADE THAT THE MORTGAGE LOANS WILL PREPAY AT A RATE BASED ON THE PREPAYMENT SPEED ASSUMPTION OR AT ANY OTHER RATE. Any Transferee of this Certificate will be deemed to have represented by virtue of its purchase or holding of this Certificate (or interest herein) that EITHER (a) such Transferee is not an investment manager, a named fiduciary or a trustee of any Plan, OR ANY OTHER PERSON, acting, directly or indirectly, on behalf of or purchasing any Certificate with "plan assets" of any Plan (a "plan investor"), (B) it has acquired and is holding such Certificate in reliance on Prohibited Transaction Exemption ("PTE") 94-29, 59 Fed. Reg. 14674 (March 29, 1 1994), as amended by PTE 97-34, 62 Fed. Reg. 39021 (July 21, 1997), PTE 2000-58, 65 Fed. Reg. 67765 (November 13, 2000), AND PTE 2002-41, 67 Fed. Reg. 54487 (August 22, 2002) (the "RFC Exemption"), and that it understands that there are certain conditions to the availability of the RFC Exemption including that such Certificate must be rated, at the time of purchase, not lower than "BBB-" (or its equivalent) by Standard & Poor's, Fitch or Moody's or (C) (I) the transferee is an insurance company, (II) the source of funds to be used by it to purchase the Certificate is an "insurance company general account" (within the meaning of U.S. Department of Labor Prohibited Transaction Class Exemption ("PTCE") 95-60), and (iii) the CONDITIONS SET FORTH IN SECTIONS I AND III OF PTCE 95-60 HAVE BEEN SATISFIED (EACH ENTITY THAT SATISFIES THIS CLAUSE (C), A "cOMPLYING INSURANCE COMPANY). If this Certificate (OR ANY INTEREST HEREIN) IS ACQUIRED OR HELD BY ANY PERSON THAT DOES NOT SATISFY THE CONDITIONS DESCRIBED IN THE PRECEDING PARAGRAPH, THEN THE LAST preceding Transferee that either (i) is not a Plan Investor, (II) ACQUIRED SUCH CERTIFICATE IN COMPLIANCE WITH THE RFC EXEMPTION, or (iiI) is a Complying Insurance Company shall be restored, to the extent permitted by law, to all rights and obligations as Certificate Owner thereof retroactive to the date of such Transfer of this Certificate. The Trustee shall be under no liability to any Person for making any payments due on this Certificate to such preceding Transferee. Any purported Certificate Owner whose acquisition or holding of this Certificate (or interest herein) was effected in violation of the restrictions in Section 5.02(e) of the Pooling and Servicing Agreement shall indemnify and hold harmless the Company, the Trustee, the Master Servicer, any Subservicer, and the Trust Fund from and against any and all liabilities, claims, costs or expenses incurred by such parties as a result of such acquisition or holding. 2 Certificate No. [ ]% Pass-Through Rate Class M- Subordinate Aggregate Certificate Principal Balance Date of Pooling and Servicing of the Class M Certificates: Agreement and Cut-off Date: $ ___________ 1, ____ Initial Certificate Principal First Distribution Date: Balance of this Certificate: _________ 25, ____ $ Master Servicer: CUSIP: 76110F- Residential Funding Corporation Assumed Final Distribution Date: ___________ 25, ____ MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATE, SERIES ____-___ evidencing a percentage interest in any distributions allocable to the Class M- Certificates with respect to the Trust Fund consisting primarily of a pool of conventional one- to four-family fixed interest rate first mortgage loans formed and sold by RESIDENTIAL ACCREDIT LOANS, INC. This Certificate is payable solely from the assets of the Trust Fund, and does not represent an obligation of or interest in Residential Accredit Loans, Inc., the Master Servicer, the Trustee referred to below or GMAC Mortgage Group, Inc. or any of their affiliates. Neither this Certificate nor the underlying Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality or by Residential Accredit Loans, Inc., the Master Servicer, the Trustee or GMAC Mortgage Group, Inc. or any of their affiliates. None of the Company, the Master Servicer, GMAC Mortgage Group, Inc. or any of their affiliates will have any obligation with respect to any certificate or other obligation secured by or payable from payments on the Certificates. This certifies that _______________ is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the Certificate Principal Balance of this Certificate by the aggregate Certificate Principal Balance of all Class M- Certificates, both as specified above) in certain distributions with respect to a Trust Fund consisting primarily of a pool of conventional one- to four-family fixed interest rate first mortgage loans (the "Mortgage Loans"), formed and sold by Residential Accredit Loans, Inc. (hereinafter called the "Company," which term includes any successor entity under the Agreement referred to below). The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated as specified above (the "Agreement") among the Company, the Master Servicer and __________________, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used 3 herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the "Distribution Date"), commencing as described in the Agreement, to the Person in whose name this Certificate is registered at the close of business on the last day (or if such last day is not a Business Day, the Business Day immediately preceding such last day) of the month immediately preceding the month of such distribution (the "Record Date"), from the Available Distribution Amount in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount (of interest and principal, if any) required to be distributed to Holders of Class M- Certificates on such Distribution Date. Distributions on this Certificate will be made either by the Master Servicer acting on behalf of the Trustee or by a Paying Agent appointed by the Trustee in immediately available funds (by wire transfer or otherwise) for the account of the Person entitled thereto if such Person shall have so notified the Master Servicer or such Paying Agent, or by check mailed to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose in the City and State of New York. The Initial Certificate Principal Balance of this Certificate is set forth above. The Certificate Principal Balance hereof will be reduced to the extent of the distributions allocable to principal and any Realized Losses allocable hereto. As described above, no transfer of this Class M Certificate will be made unless (i) the Trustee has received either an opinion of counsel or a representation letter, each as described in the Agreement, relating to the permissibility of such transfer under ERISA and Section 4975 of the Code, or (ii) this Certificate is held by a Depository, in which case the Transferee will be deemed to have made representations relating to the permissibility of such transfer under ERISA and Section 4975 of the Code, as described in Section 5.02(e) of the Agreement. In addition, any purported Certificate Owner whose acquisition or holding of this Certificate (or interest herein) was effected in violation of the restrictions in Section 5.02(e) of the Agreement shall indemnify and hold harmless the Company, the Trustee, the Master Servicer, any Subservicer, and the Trust Fund from and against any and all liabilities, claims, costs or expenses incurred by such parties as a result of such acquisition or holding. This Certificate is one of a duly authorized issue of Certificates issued in several Classes designated as Mortgage Asset-Backed Pass-Through Certificates of the Series specified hereon (herein collectively called the "Certificates"). The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. In the event Master Servicer 4 funds are advanced with respect to any Mortgage Loan, such advance is reimbursable to the Master Servicer, to the extent provided in the Agreement, from related recoveries on such Mortgage Loan or from other cash that would have been distributable to Certificateholders. As provided in the Agreement, withdrawals from the Custodial Account and/or the Certificate Account created for the benefit of Certificateholders may be made by the Master Servicer from time to time for purposes other than distributions to Certificateholders, such purposes including without limitation reimbursement to the Company and the Master Servicer of advances made, or certain expenses incurred, by either of them. The Agreement permits, with certain exceptions therein provided, the amendment of the Agreement and the modification of the rights and obligations of the Company, the Master Servicer and the Trustee and the rights of the Certificateholders under the Agreement at any time by the Company, the Master Servicer and the Trustee with the consent of the Holders of Certificates evidencing in the aggregate not less than 66% of the Percentage Interests of each Class of Certificates affected thereby. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon the Certificate. The Agreement also permits the amendment thereof in certain circumstances without the consent of the Holders of any of the Certificates and, in certain additional circumstances, without the consent of the Holders of certain Classes of Certificates. As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee in the City and State of New York, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee and the Certificate Registrar duly executed by the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest will be issued to the designated transferee or transferees. The Certificates are issuable only as registered Certificates without coupons in Classes and in denominations specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, Certificates are exchangeable for new Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. The Company, the Master Servicer, the Trustee and the Certificate Registrar and any agent of the Company, the Master Servicer, the Trustee or the Certificate Registrar may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Company, the 5 Master Servicer, the Trustee nor any such agent shall be affected by notice to the contrary. This Certificate shall be governed by and construed in accordance with the laws of the State of New York. The obligations created by the Agreement in respect of the Certificates and the Trust Fund created thereby shall terminate upon the payment to Certificateholders of all amounts held by or on behalf of the Trustee and required to be paid to them pursuant to the Agreement following the earlier of (i) the maturity or other liquidation of the last Mortgage Loan subject thereto or the disposition of all property acquired upon foreclosure or deed in lieu of foreclosure of any Mortgage Loan and (ii) the purchase by the Master Servicer from the Trust Fund of all remaining Mortgage Loans and all property acquired in respect of such Mortgage Loans, thereby effecting early retirement of the Certificates. The Agreement permits, but does not require, the Master Servicer to (i) purchase at a price determined as provided in the Agreement all remaining Mortgage Loans and all property acquired in respect of any Mortgage Loan or (ii) purchase in whole, but not in part, all of the Certificates from the Holders thereof; provided, that any such option may only be exercised if the Pool Stated Principal Balance of the Mortgage Loans as of the Distribution Date upon which the proceeds of any such purchase are distributed is less than ten percent of the Cut-off Date Principal Balance of the Mortgage Loans. Unless the certificate of authentication hereon has been executed by the Certificate Registrar, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. 6 IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed. Dated: [____________________________], as Trustee By: --------------------------------- Authorized Signatory CERTIFICATE OF AUTHENTICATION This is one of the Class M- Certificates referred to in the within-mentioned Agreement. [-------------------------], as Certificate Registrar By: --------------------------------- Authorized Signatory 7 ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto________________________________________ (Please print or typewrite name and address including postal zip code of assignee) a Percentage Interest evidenced by the within Mortgage Asset-Backed Pass-Through Certificate and hereby authorizes the transfer of registration of such interest to assignee on the Certificate Register of the Trust Fund. I (We) further direct the Certificate Registrar to issue a new Certificate of a like denomination and Class, to the above named assignee and deliver such Certificate to the following address: _______________________________ Dated: ________________________ Signature by or on behalf of assignor _______________________________ Signature Guaranteed DISTRIBUTION INSTRUCTIONS The assignee should include the following for purposes of distribution: Distributions shall be made, by wire transfer or otherwise, in immediately available funds to _______________________ for the account of __________________________ account number _________________, or, if mailed by check, to ________________________. Applicable statements should be mailed to ___________________________. This information is provided by ______________________, the assignee named above, or ___________________, as its agent. 8 EXHIBIT C FORM OF CLASS B CERTIFICATE THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE SENIOR CERTIFICATES AND CLASS M CERTIFICATES [AND CLASS B-1] [CLASS B-2 CERTIFICATES] DESCRIBED IN THE AGREEMENT (AS DEFINED HEREIN). THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE RESOLD OR TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND LAWS OR IS SOLD OR TRANSFERRED IN TRANSACTIONS WHICH ARE EXEMPT FROM REGISTRATION UNDER SUCH ACT AND UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE AGREEMENT. NO TRANSFER OF THIS CERTIFICATE MAY BE MADE TO ANY PERSON, UNLESS THE TRANSFEREE PROVIDES EITHER A CERTIFICATION PURSUANT TO SECTION 5.02(e) OF THE AGREEMENT OR AN OPINION OF COUNSEL SATISFACTORY TO THE MASTER SERVICER, THE COMPANY AND THE TRUSTEE THAT THE PURCHASE OF THIS CERTIFICATE WILL NOT CONSTITUTE OR RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE CODE AND WILL NOT SUBJECT THE MASTER SERVICER, THE COMPANY OR THE TRUSTEE TO ANY OBLIGATION OR LIABILITY IN ADDITION TO THOSE UNDERTAKEN IN THE AGREEMENT. SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE CODE. THE FOLLOWING INFORMATION IS PROVIDED SOLELY FOR THE PURPOSES OF APPLYING THE U.S. FEDERAL INCOME TAX ORIGINAL ISSUE DISCOUNT ("OID") RULES TO THIS CERTIFICATE. THE ISSUE DATE OF THIS CERTIFICATE IS ___________ __, ____. ASSUMING THAT THE MORTGAGE LOANS PREPAY AT 100% OF THE PREPAYMENT SPEED ASSUMPTION (AS DESCRIBED IN THE PROSPECTUS SUPPLEMENT), THIS CERTIFICATE HAS BEEN ISSUED WITH NO MORE THAN $[ ] OF OID PER $[1,000] OF INITIAL CERTIFICATE PRINCIPAL BALANCE, THE YIELD TO MATURITY IS [ ]% AND THE AMOUNT OF OID ATTRIBUTABLE TO THE INITIAL ACCRUAL PERIOD IS NO MORE THAN $[ ] PER $[1,000] OF INITIAL CERTIFICATE PRINCIPAL BALANCE, COMPUTED UNDER THE APPROXIMATE METHOD. NO REPRESENTATION IS MADE THAT THE MORTGAGE LOANS WILL PREPAY AT A RATE BASED ON THE PREPAYMENT SPEED ASSUMPTION OR AT ANY OTHER RATE. 1 Certificate No. [ ]% Pass-Through Rate Class B- Subordinate Aggregate Certificate Principal Balance Date of Pooling and Servicing of the Class B- Agreement and Cut-off Date: Certificates as of ___________ 1, ____ the Cut-off Date: $ First Distribution Date: _________ 25, ____ Initial Certificate Principal Balance of this Certificate: Master Servicer: $ Residential Funding Corporation Assumed Final Distribution Date: ___________ 25, ____ MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATE, SERIES ____-___ evidencing a percentage interest in any distributions allocable to the Class B- Certificates with respect to the Trust Fund consisting primarily of a pool of conventional one- to four-family fixed interest rate first mortgage loans formed and sold by RESIDENTIAL ACCREDIT LOANS, INC. This Certificate is payable solely from the assets of the Trust Fund, and does not represent an obligation of or interest in Residential Accredit Loans, Inc., the Master Servicer, the Trustee referred to below or GMAC Mortgage Group, Inc. or any of their affiliates. Neither this Certificate nor the underlying Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality or by Residential Accredit Loans, Inc., the Master Servicer, the Trustee or GMAC Mortgage Group, Inc. or any of their affiliates. None of the Company, the Master Servicer, GMAC Mortgage Group, Inc. or any of their affiliates will have any obligation with respect to any certificate or other obligation secured by or payable from payments on the Certificates. This certifies that Residential Accredit Loans, Inc. is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the Certificate Principal Balance of this Certificate by the aggregate Certificate Principal Balance of all Class B- Certificates, both as specified above) in certain distributions with respect to a Trust Fund consisting primarily of a pool of conventional one- to four-family fixed interest rate first mortgage loans (the "Mortgage Loans"), formed and sold by Residential Accredit Loans, Inc. (hereinafter called the "Company," which term includes any successor entity under the Agreement referred to below). The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated as specified above (the "Agreement") among the Company, the Master Servicer and __________________, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined 2 herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the "Distribution Date"), commencing on the first Distribution Date specified above, to the Person in whose name this Certificate is registered at the close of business on the last day (or if such last day is not a Business Day, the Business Day immediately preceding such last day) of the month next preceding the month of such distribution (the "Record Date"), from the Available Distribution Amount in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount (of interest and principal, if any) required to be distributed to Holders of Class B Certificates on such Distribution Date. Distributions on this Certificate will be made either by the Master Servicer acting on behalf of the Trustee or by a Paying Agent appointed by the Trustee in immediately available funds (by wire transfer or otherwise) for the account of the Person entitled thereto if such Person shall have so notified the Master Servicer or such Paying Agent, or by check mailed to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose in the City and State of New York. The Initial Certificate Principal Balance of this Certificate is set forth above. The Certificate Principal Balance hereof will be reduced to the extent of the distributions allocable to principal and any Realized Losses allocable hereto. No transfer of this Class B Certificate will be made unless such transfer is exempt from the registration requirements of the Securities Act of 1933, as amended, and any applicable state securities laws or is made in accordance with said Act and laws. In the event that such a transfer is to be made, (i) the Trustee or the Company may require an opinion of counsel acceptable to and in form and substance satisfactory to the Trustee and the Company that such transfer is exempt (describing the applicable exemption and the basis therefor) from or is being made pursuant to the registration requirements of the Securities Act of 1933, as amended, and of any applicable statute of any state and (ii) the transferee shall execute an investment letter in the form described by the Agreement. The Holder hereof desiring to effect such transfer shall, and does hereby agree to, indemnify the Trustee, the Company, the Master Servicer and the Certificate Registrar acting on behalf of the Trustee against any liability that may result if the transfer is not so exempt or is not made in accordance with such Federal and state laws. In connection with any such transfer, the Trustee will also require either (i) an opinion of counsel acceptable to and in form and substance satisfactory to the Trustee, the Company and the Master Servicer with respect to the permissibility of such transfer under the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), and Section 4975 of the Internal Revenue Code (the "Code") and stating, among other things, that the transferee's acquisition of a Class B Certificate will not constitute or result in a non-exempt prohibited transaction under Section 406 of ERISA or Section 4975 of the Code or (ii) a representation 3 letter, in the form as described by Section 5.02(e) of the Agreement, either stating that the transferee is not an employee benefit or other plan subject to the prohibited transaction provisions of ERISA or Section 4975 of the Code (a "Plan"), or any other person (including an investment manager, a named fiduciary or a trustee of any Plan) acting, directly or indirectly, on behalf of or purchasing any Certificate with "plan assets" of any Plan, or stating that the transferee is an insurance company, the source of funds to be used by it to purchase the Certificate is an "insurance company general account" (within the meaning of Department of Labor Prohibited Transaction Class Exemption ("PTCE") 95-60), and the purchase is being made in reliance upon the availability of the exemptive relief afforded under Sections I and III of PTCE 95-60. This Certificate is one of a duly authorized issue of Certificates issued in several Classes designated as Mortgage Asset-Backed Pass-Through Certificates of the Series specified hereon (herein collectively called the "Certificates"). The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. In the event Master Servicer funds are advanced with respect to any Mortgage Loan, such advance is reimbursable to the Master Servicer, to the extent provided in the Agreement, from related recoveries on such Mortgage Loan or from other cash that would have been distributable to Certificateholders. As provided in the Agreement, withdrawals from the Custodial Account and/or the Certificate Account created for the benefit of Certificateholders may be made by the Master Servicer from time to time for purposes other than distributions to Certificateholders, such purposes including without limitation reimbursement to the Company and the Master Servicer of advances made, or certain expenses incurred, by either of them. The Agreement permits, with certain exceptions therein provided, the amendment of the Agreement and the modification of the rights and obligations of the Company, the Master Servicer and the Trustee and the rights of the Certificateholders under the Agreement at any time by the Company, the Master Servicer and the Trustee with the consent of the Holders of Certificates evidencing in the aggregate not less than 66% of the Percentage Interests of each Class of Certificates affected thereby. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon the Certificate. The Agreement also permits the amendment thereof in certain circumstances without the consent of the Holders of any of the Certificates and, in certain additional circumstances, without the consent of the Holders of certain Classes of Certificates. As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee in the City and State of New York, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee and the Certificate Registrar duly executed by the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new 4 Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest will be issued to the designated transferee or transferees. The Certificates are issuable only as registered Certificates without coupons in Classes and in denominations specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, Certificates are exchangeable for new Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. The Company, the Master Servicer, the Trustee and the Certificate Registrar and any agent of the Company, the Master Servicer, the Trustee or the Certificate Registrar may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Company, the Master Servicer, the Trustee nor any such agent shall be affected by notice to the contrary. This Certificate shall be governed by and construed in accordance with the laws of the State of New York. The obligations created by the Agreement in respect of the Certificates and the Trust Fund created thereby shall terminate upon the payment to Certificateholders of all amounts held by or on behalf of the Trustee and required to be paid to them pursuant to the Agreement following the earlier of (i) the maturity or other liquidation of the last Mortgage Loan subject thereto or the disposition of all property acquired upon foreclosure or deed in lieu of foreclosure of any Mortgage Loan and (ii) the purchase by the Master Servicer from the Trust Fund of all remaining Mortgage Loans and all property acquired in respect of such Mortgage Loans, thereby effecting early retirement of the Certificates. The Agreement permits, but does not require, the Master Servicer to (i) purchase at a price determined as provided in the Agreement all remaining Mortgage Loans and all property acquired in respect of any Mortgage Loan or (ii) purchase in whole, but not in part, all of the Certificates from the Holders thereof; provided, that any such option may only be exercised if the Pool Stated Principal Balance of the Mortgage Loans as of the Distribution Date upon which the proceeds of any such purchase are distributed is less than ten percent of the Cut-off Date Principal Balance of the Mortgage Loans. Unless the certificate of authentication hereon has been executed by the Certificate Registrar, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. 5 IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed. Dated: [_____________________________], as Trustee By: --------------------------------- Authorized Signatory CERTIFICATE OF AUTHENTICATION This is one of the Class M- Certificates referred to in the within-mentioned Agreement. [---------------------------], as Certificate Registrar By: --------------------------------- Authorized Signatory 6 ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto________________________________________ (Please print or typewrite name and address including postal zip code of assignee) a Percentage Interest evidenced by the within Mortgage Asset-Backed Pass-Through Certificate and hereby authorizes the transfer of registration of such interest to assignee on the Certificate Register of the Trust Fund. I (We) further direct the Certificate Registrar to issue a new Certificate of a like denomination and Class, to the above named assignee and deliver such Certificate to the following address: _______________________________ Dated: ________________________ Signature by or on behalf of assignor _______________________________ Signature Guaranteed DISTRIBUTION INSTRUCTIONS The assignee should include the following for purposes of distribution: Distributions shall be made, by wire transfer or otherwise, in immediately available funds to _______________________ for the account of __________________________ account number _________________, or, if mailed by check, to ________________________. Applicable statements should be mailed to ___________________________. This information is provided by ______________________, the assignee named above, or ___________________, as its agent. 7 EXHIBIT D FORM OF CLASS R CERTIFICATE THIS CERTIFICATE MAY NOT BE HELD BY OR TRANSFERRED TO A NON-UNITED STATES PERSON OR A DISQUALIFIED ORGANIZATION (AS DEFINED BELOW). SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "RESIDUAL INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT" AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE "CODE"). NO TRANSFER OF THIS CERTIFICATE MAY BE MADE TO ANY PERSON, UNLESS THE TRANSFEREE PROVIDES EITHER A CERTIFICATION PURSUANT TO SECTION 5.02(e) OF THE AGREEMENT OR AN OPINION OF COUNSEL SATISFACTORY TO THE MASTER SERVICER, THE COMPANY AND THE TRUSTEE THAT THE PURCHASE OF THIS CERTIFICATE WILL NOT CONSTITUTE OR RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE CODE AND WILL NOT SUBJECT THE MASTER SERVICER, THE COMPANY OR THE TRUSTEE TO ANY OBLIGATION OR LIABILITY IN ADDITION TO THOSE UNDERTAKEN IN THE AGREEMENT. ANY RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE ONLY IF THE PROPOSED TRANSFEREE PROVIDES A TRANSFER AFFIDAVIT TO THE MASTER SERVICER AND THE TRUSTEE THAT (1) SUCH TRANSFEREE IS NOT (A) THE UNITED STATES, ANY STATE OR POLITICAL SUBDIVISION THEREOF, ANY POSSESSION OF THE UNITED STATES, OR ANY AGENCY OR INSTRUMENTALITY OF ANY OF THE FOREGOING (OTHER THAN AN INSTRUMENTALITY WHICH IS A CORPORATION IF ALL OF ITS ACTIVITIES ARE SUBJECT TO TAX AND EXCEPT FOR FREDDIE MAC, A MAJORITY OF ITS BOARD OF DIRECTORS IS NOT SELECTED BY SUCH GOVERNMENTAL UNIT), (B) A FOREIGN GOVERNMENT, ANY INTERNATIONAL ORGANIZATION, OR ANY AGENCY OR INSTRUMENTALITY OF EITHER OF THE FOREGOING, (C) ANY ORGANIZATION (OTHER THAN CERTAIN FARMERS' COOPERATIVES DESCRIBED IN SECTION 521 OF THE CODE) WHICH IS EXEMPT FROM THE TAX IMPOSED BY CHAPTER 1 OF THE CODE UNLESS SUCH ORGANIZATION IS SUBJECT TO THE TAX IMPOSED BY SECTION 511 OF THE CODE (INCLUDING THE TAX IMPOSED BY SECTION 511 OF THE CODE ON UNRELATED BUSINESS TAXABLE INCOME), (D) RURAL ELECTRIC AND TELEPHONE COOPERATIVES DESCRIBED IN SECTION 1381(a)(2)(C) OF THE CODE, (E) AN ELECTING LARGE PARTNERSHIP UNDER SECTION 775(a) OF THE CODE (ANY SUCH PERSON DESCRIBED IN THE FOREGOING CLAUSES (A), (B), (C), (D) OR (E) BEING HEREIN REFERRED TO AS A "DISQUALIFIED ORGANIZATION"), OR (F) AN AGENT OF A DISQUALIFIED ORGANIZATION, (2) NO PURPOSE OF SUCH TRANSFER IS TO IMPEDE THE ASSESSMENT OR COLLECTION OF TAX AND (3) SUCH TRANSFEREE SATISFIES CERTAIN ADDITIONAL CONDITIONS RELATING TO THE FINANCIAL CONDITION OF THE 1 PROPOSED TRANSFEREE. NOTWITHSTANDING THE REGISTRATION IN THE CERTIFICATE REGISTER OR ANY TRANSFER, SALE OR OTHER DISPOSITION OF THIS CERTIFICATE TO A DISQUALIFIED ORGANIZATION OR AN AGENT OF A DISQUALIFIED ORGANIZATION, SUCH REGISTRATION SHALL BE DEEMED TO BE OF NO LEGAL FORCE OR EFFECT WHATSOEVER AND SUCH PERSON SHALL NOT BE DEEMED TO BE A CERTIFICATEHOLDER FOR ANY PURPOSE HEREUNDER, INCLUDING, BUT NOT LIMITED TO, THE RECEIPT OF DISTRIBUTIONS ON THIS CERTIFICATE. EACH HOLDER OF THIS CERTIFICATE BY ACCEPTANCE OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE CONSENTED TO THE PROVISIONS OF THIS PARAGRAPH. Certificate No. [ ]% Pass-Through Rate Class R Senior Aggregate Initial Certificate Principal Balance of the Date of Pooling and Servicing Class R Certificates: Agreement and Cut-off Date: $100.00 ___________ 1, ____ Initial Certificate Principal First Distribution Date: Balance of this Certificate: _________ 25, ____ $ Master Servicer: Percentage Interest: Residential Funding Corporation % -------------- Assumed Final Distribution Date: CUSIP 76110F- ___________ 25, ____ MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATE, SERIES ____-___ evidencing a percentage interest in any distributions allocable to the Class R Certificates with respect to the Trust Fund consisting primarily of a pool of conventional one- to four-family fixed interest rate first mortgage loans formed and sold by RESIDENTIAL ACCREDIT LOANS, INC. This Certificate is payable solely from the assets of the Trust Fund, and does not represent an obligation of or interest in Residential Accredit Loans, Inc., the Master Servicer, the Trustee referred to below or GMAC Mortgage Group, Inc. or any of their affiliates. Neither this Certificate nor the underlying Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality or by Residential Accredit Loans, Inc., the Master Servicer, the Trustee or GMAC Mortgage Group, Inc. or any of their affiliates. None of the Company, the Master Servicer, GMAC Mortgage Group, Inc. or any of their affiliates will have any obligation with respect to any certificate or other obligation secured by or payable from payments on the Certificates. 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 R Certificates, both as specified above) in certain distributions with respect to the Trust Fund consisting primarily of a pool of conventional one- to four-family fixed interest rate first mortgage loans (the "Mortgage Loans"), formed and sold by Residential Accredit Loans, Inc. (hereinafter called the "Company," which term includes any successor entity under the Agreement referred to below). The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated as specified above (the "Agreement") among the Company, the Master Servicer and __________________, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the "Distribution Date"), commencing as described in the Agreement, to the Person in whose name this Certificate is registered at the close of business on the last day (or if such last day is not a Business Day, the Business Day immediately preceding such last day) of the month immediately preceding the month of such distribution (the "Record Date"), from the Available Distribution Amount in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount (of interest and principal, if any) required to be distributed to Holders of Class R Certificates on such Distribution Date. Each Holder of this Certificate will be deemed to have agreed to be bound by the restrictions set forth in the Agreement to the effect that (i) each person holding or acquiring any Ownership Interest in this Certificate must be a United States Person and a Permitted Transferee, (ii) the transfer of any Ownership Interest in this Certificate will be conditioned upon the delivery to the Trustee of, among other things, an affidavit to the effect that it is a United States Person and Permitted Transferee, (iii) any attempted or purported transfer of any Ownership Interest in this Certificate in violation of such restrictions will be absolutely null and void and will vest no rights in the purported transferee, and (iv) if any person other than a United States Person and a Permitted Transferee acquires any Ownership Interest in this Certificate in violation of such restrictions, then the Company will have the right, in its sole discretion and without notice to the Holder of this Certificate, to sell this Certificate to a purchaser selected by the Company, which purchaser may be the Company, or any affiliate of the Company, on such terms and conditions as the Company may choose. Notwithstanding the above, the final distribution on this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose in the City and State of New York. The Initial Certificate Principal Balance of this Certificate is set forth above. The Certificate Principal Balance hereof will be reduced to the extent of distributions allocable to principal and any Realized Losses allocable hereto. Notwithstanding the reduction of the Certificate Principal Balance hereof to zero, this Certificate will remain outstanding under the Agreement and the 3 Holder hereof may have additional obligations with respect to this Certificate, including tax liabilities, and may be entitled to certain additional distributions hereon, in accordance with the terms and provisions of the Agreement. No transfer of this Class R Certificate will be made unless the Trustee has received either (i) an opinion of counsel acceptable to and in form and substance satisfactory to the Trustee, the Company and the Master Servicer with respect to the permissibility of such transfer under the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), and Section 4975 of the Internal Revenue Code (the "Code") and stating, among other things, that the transferee's acquisition of a Class R Certificate will not constitute or result in a non-exempt prohibited transaction under Section 406 of ERISA or Section 4975 of the Code or (ii) a representation letter, in the form as described by the Agreement, stating that the transferee is not an employee benefit or other plan subject to the prohibited transaction provisions of ERISA or Section 4975 of the Code (a "Plan"), or any other person (including an investment manager, a named fiduciary or a trustee of any Plan) acting, directly or indirectly, on behalf of or purchasing any Certificate with "plan assets" of any Plan. This Certificate is one of a duly authorized issue of Certificates issued in several Classes designated as Mortgage Asset-Backed Pass-Through Certificates of the Series specified hereon (herein collectively called the "Certificates"). The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. In the event Master Servicer funds are advanced with respect to any Mortgage Loan, such advance is reimbursable to the Master Servicer, to the extent provided in the Agreement, from related recoveries on such Mortgage Loan or from other cash that would have been distributable to Certificateholders. As provided in the Agreement, withdrawals from the Custodial Account and/or the Certificate Account created for the benefit of Certificateholders may be made by the Master Servicer from time to time for purposes other than distributions to Certificateholders, such purposes including without limitation reimbursement to the Company and the Master Servicer of advances made, or certain expenses incurred, by either of them. The Agreement permits, with certain exceptions therein provided, the amendment of the Agreement and the modification of the rights and obligations of the Company, the Master Servicer and the Trustee and the rights of the Certificateholders under the Agreement at any time by the Company, the Master Servicer and the Trustee with the consent of the Holders of Certificates evidencing in the aggregate not less than 66% of the Percentage Interests of each Class of Certificates affected thereby. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon the Certificate. The Agreement also permits the amendment thereof in certain circumstances without the consent of the Holders of any of the Certificates and, in certain additional circumstances, without the consent of the Holders of certain Classes of Certificates. 4 As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee in the City and State of New York, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee and the Certificate Registrar duly executed by the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest will be issued to the designated transferee or transferees. The Certificates are issuable only as registered Certificates without coupons in Classes and in denominations specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, Certificates are exchangeable for new Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. The Company, the Master Servicer, the Trustee and the Certificate Registrar and any agent of the Company, the Master Servicer, the Trustee or the Certificate Registrar may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Company, the Master Servicer, the Trustee nor any such agent shall be affected by notice to the contrary. This Certificate shall be governed by and construed in accordance with the laws of the State of New York. The obligations created by the Agreement in respect of the Certificates and the Trust Fund created thereby shall terminate upon the payment to Certificateholders of all amounts held by or on behalf of the Trustee and required to be paid to them pursuant to the Agreement following the earlier of (i) the maturity or other liquidation of the last Mortgage Loan subject thereto or the disposition of all property acquired upon foreclosure or deed in lieu of foreclosure of any Mortgage Loan and (ii) the purchase by the Master Servicer from the Trust Fund of all remaining Mortgage Loans and all property acquired in respect of such Mortgage Loans, thereby effecting early retirement of the Certificates. The Agreement permits, but does not require, the Master Servicer to (i) purchase at a price determined as provided in the Agreement all remaining Mortgage Loans and all property acquired in respect of any Mortgage Loan or (ii) purchase in whole, but not in part, all of the Certificates from the Holders thereof; provided, that any such option may only be exercised if the Pool Stated Principal Balance of the Mortgage Loans as of the Distribution Date upon which the proceeds of any such purchase are distributed is less than ten percent of the Cut-off Date Principal Balance of the Mortgage Loans. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purpose have the same effect as if set forth at this place. Unless the certificate of authentication hereon has been executed by the Certificate Registrar, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. 5 IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed. Dated: [____________________________], as Trustee By: --------------------------------- Authorized Signatory CERTIFICATE OF AUTHENTICATION This is one of the Class R Certificates referred to in the within-mentioned Agreement. [----------------------------], as Certificate Registrar By: --------------------------------- Authorized Signatory 6 ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto________________________________________ (Please print or typewrite name and address including postal zip code of assignee) a Percentage Interest evidenced by the within Mortgage Asset-Backed Pass-Through Certificate and hereby authorizes the transfer of registration of such interest to assignee on the Certificate Register of the Trust Fund. I (We) further direct the Certificate Registrar to issue a new Certificate of a like denomination and Class, to the above named assignee and deliver such Certificate to the following address: _______________________________ Dated: ________________________ Signature by or on behalf of assignor _______________________________ Signature Guaranteed DISTRIBUTION INSTRUCTIONS The assignee should include the following for purposes of distribution: Distributions shall be made, by wire transfer or otherwise, in immediately available funds to _______________________ for the account of __________________________ account number _________________, or, if mailed by check, to ________________________. Applicable statements should be mailed to ___________________________. This information is provided by ______________________, the assignee named above, or ___________________, as its agent. 7 EXHIBIT E FORM OF SELLER/SERVICER CONTRACT This Seller/Servicer Contract (as may be amended, supplemented or otherwise modified from time to time, this "Contract") is made this day of , 20 , by and between Residential Funding Corporation, its successors and assigns ("Residential Funding") and (the "Seller/Servicer," and, together with Residential Funding, the "parties" and each, individually, a "party"). WHEREAS, the Seller/Servicer desires to sell Loans to, and/or service Loans for, Residential Funding, and Residential Funding desires to purchase Loans from the Seller/Servicer and/or have the Seller/Servicer service various of its Loans, pursuant to the terms of this Contract and the Residential Funding Seller and Servicer Guides incorporated herein by reference, as amended, supplemented or otherwise modified, from time to time (together, the "Guides"). NOW, THEREFORE, in consideration of the premises, and the terms, conditions and agreements set forth below, the parties agree as follows: 1. INCORPORATION OF GUIDES BY REFERENCE. The Seller/Servicer acknowledges that it has received and read the Guides. All provisions of the Guides are incorporated by reference into and made a part of this Contract, and shall be binding upon the parties; provided, however, that the Seller/Servicer shall be entitled to sell Loans to and/or service Loans for Residential Funding only if and for so long as it shall have been authorized to do so by Residential Funding in writing. Specific reference in this Contract to particular provisions of the Guides and not to other provisions does not mean that those provisions of the Guides not specifically cited in this Contract are not applicable. All terms used herein shall have the same meanings as such terms have in the Guides, unless the context clearly requires otherwise. 2. AMENDMENTS. This Contract may not be amended or modified orally, and no provision of this Contract may be waived or amended except in writing signed by the party against whom enforcement is sought. Such a written waiver or amendment must expressly reference this Contract. However, by their terms, the Guides may be amended or supplemented by Residential Funding from time to time. Any such amendment(s) to the Guides shall be binding upon the parties hereto. 3. REPRESENTATIONS AND WARRANTIES. a. Reciprocal Representations and Warranties. The Seller/Servicer and Residential Funding each represents and warrants to the other that as of the date of this Contract: 1 (1) Each party is duly organized, validly existing, and in good standing under the laws of its jurisdiction of organization, is qualified, if necessary, to do business and in good standing in each jurisdiction in which it is required to be so qualified, and has the requisite power and authority to enter into this Contract and all other agreements which are contemplated by this Contract and to carry out its obligations hereunder and under the Guides and under such other agreements. (2) This Contract has been duly authorized, executed and delivered by each party and constitutes a valid and legally binding agreement of each party enforceable in accordance with its terms. (3) There is no action, proceeding or investigation pending or threatened, and no basis therefor is known to either party, that could affect the validity or prospective validity of this Contract. (4) Insofar as its capacity to carry out any obligation under this Contract is concerned, neither party is in violation of any charter, articles of incorporation, bylaws, mortgage, indenture, indebtedness, agreement, instrument, judgment, decree, order, statute, rule or regulation and none of the foregoing adversely affects its capacity to fulfill any of its obligations under this Contract. Its execution of, and performance pursuant to, this Contract will not result in a violation of any of the foregoing. b. Seller/Servicer's Representations, Warranties and Covenants. In addition to the representations, warranties and covenants made by the Seller/Servicer pursuant to subparagraph (a) of this paragraph 3, the Seller/Servicer makes the representations, warranties and covenants set forth in the Guides and, upon request, agrees to deliver to Residential Funding the certified Resolution of Board of Directors which authorizes the execution and delivery of this Contract. 4. REMEDIES OF RESIDENTIAL FUNDING. If an Event of Seller Default or an Event of Servicer Default shall occur, Residential Funding may, at its option, exercise one or more of those remedies set forth in the Guides. 5. SELLER/SERVICER'S STATUS AS INDEPENDENT CONTRACTOR. At no time shall the Seller/Servicer represent that it is acting as an agent of Residential Funding. The Seller/Servicer shall, at all times, act as an independent contractor. 6. PRIOR AGREEMENTS SUPERSEDED. This Contract restates, amends and supersedes any and all prior Seller Contracts or Servicer Contracts between the parties except that any subservicing agreement executed by the Seller/Servicer in connection with any loan-security exchange transaction shall not be affected. 2 7. ASSIGNMENT. This Contract may not be assigned or transferred, in whole or in part, by the Seller/Servicer without the prior written consent of Residential Funding. Residential Funding may sell, assign, convey, hypothecate, pledge or in any other way transfer, in whole or in part, without restriction, its rights under this Contract and the Guides with respect to any Commitment or Loan. 8. NOTICES. All notices, requests, demands or other communications that are to be given under this Contract shall be in writing, addressed to the appropriate parties and sent by telefacsimile or by overnight courier or by United States mail, postage prepaid, to the addresses and telefacsimile numbers specified below. However, another name, address and/or telefacsimile number may be substituted by the Seller/Servicer pursuant to the requirements of this paragraph 8, or Residential Funding pursuant to an amendment to the Guides. If to Residential Funding, notices must be sent to the appropriate address or telefacsimile number specified in the Guides. If to the Seller/Servicer, notice must be sent to: Attention: Telefacsimile Number: ( ) - ------ ------ 9. JURISDICTION AND VENUE. Each of the parties irrevocably submits to the jurisdiction of any state or federal court located in Hennepin County, Minnesota, over any action, suit or proceeding to enforce or defend any right under this Contract or otherwise arising from any loan sale or servicing relationship existing in connection with this Contract, and each of the parties irrevocably agrees that all claims in respect of any such action or proceeding may be heard or determined in such state or federal court. Each of the parties irrevocably waives the defense of an inconvenient forum to the maintenance of any such action or proceeding and any other substantive or procedural rights or remedies it may have with respect to the maintenance of any such action or proceeding in any such forum. Each of the parties agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in any other jurisdiction by suit on the judgment or in any other manner provided by law. Each of the parties further agrees not to institute any legal actions or proceedings against the other party or any director, officer, employee, attorney, agent or property of the other party, arising out of or relating to this Contract in any court other than as hereinabove specified in this paragraph 9. 10. MISCELLANEOUS. 3 This Contract, including all documents incorporated by reference herein, constitutes the entire understanding between the parties hereto and supersedes all other agreements, covenants, representations, warranties, understandings and communications between the parties, whether written or oral, with respect to the transactions contemplated by this Contract. All paragraph headings contained herein are for convenience only and shall not be construed as part of this Contract. Any provision of this Contract that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining portions hereof or affecting the validity or enforceability of such provision in any other jurisdiction, and, to this end, the provisions hereof are severable. This Contract shall be governed by, and construed and enforced in accordance with, applicable federal laws and the laws of the State of Minnesota. 4 IN WITNESS WHEREOF, the duly authorized officers of the Seller/Servicer and Residential Funding have executed this Seller/Servicer Contract as of the date first above written. ATTEST: SELLER/SERVICER [Corporate Seal] (Name of Seller/Servicer) By: By: -------------------------------- (Signature) (Signature) By: By: (Typed Name) (Typed Name) Title: Title: ------------------------------ ======================================= ======================================== ATTEST: RESIDENTIAL FUNDING CORPORATION [Corporate Seal] By: By: -------------------------------- (Signature) (Signature) By: By: (Typed Name) (Typed Name) Title: Title: ------------------------------ 5 EXHIBIT F FORMS OF REQUEST FOR RELEASE DATE: TO: RE: REQUEST FOR RELEASE OF DOCUMENTS In connection with the administration of the pool of Mortgage Loans held by you for the referenced pool, we request the release of the Mortgage Loan File described below. Pooling and Servicing Agreement Dated: Series#: Account#: Pool#: Loan#: MIN#: Borrower Name(s): Reason for Document Request: (circle one) Mortgage Loan Prepaid in Full Mortgage Loan Repurchased "We hereby certify that all amounts received or to be received in connection with such payments which are required to be deposited have been or will be so deposited as provided in the Pooling and Servicing Agreement." Residential Funding Corporation Authorized Signature ****************************************************************************** TO CUSTODIAN/TRUSTEE: Please acknowledge this request, and check off documents being enclosed with a copy of this form. You should retain this form for your files in accordance with the terms of the Pooling and Servicing Agreement. Enclosed Documents: [ ] Promissory Note [ ] Primary Insurance Policy [ ] Mortgage or Deed of Trust [ ] Assignment(s) of Mortgage or Deed of Trust [ ] Title Insurance Policy [ ] Other: Name: ------------------------ Title: ----------------------- Date: ------------------------ 1 EXHIBIT G-1 FORM OF TRANSFER AFFIDAVIT AND AGREEMENT STATE OF ) ) ss.: COUNTY OF ) [NAME OF OFFICER], being first duly sworn, deposes and says: 1. That he is [Title of Officer] of [Name of Owner] (record or beneficial owner of the Mortgage Asset-Backed Pass-Through Certificates, Series ____-___, Class R (the "Owner")), a [savings institution] [corporation] duly organized and existing under the laws of [the State of ] [the United States], on behalf of which he makes this affidavit and agreement. 2. That the Owner (i) is not and will not be a "disqualified organization" or an electing large partnership as of [date of transfer] within the meaning of Sections 860E(e)(5) and 775, respectively, of the Internal Revenue Code of 1986, as amended (the "Code") or an electing large partnership under Section 775(a) of the Code, (ii) will endeavor to remain other than a disqualified organization for so long as it retains its ownership interest in the Class R Certificates, and (iii) is acquiring the Class R Certificates for its own account or for the account of another Owner from which it has received an affidavit and agreement in substantially the same form as this affidavit and agreement. (For this purpose, a "disqualified organization" means an electing large partnership under Section 775 of the Code, the United States, any state or political subdivision thereof, any agency or instrumentality of any of the foregoing (other than an instrumentality all of the activities of which are subject to tax and, except for the Federal Home Loan Mortgage Corporation, a majority of whose board of directors is not selected by any such governmental entity) or any foreign government, international organization or any agency or instrumentality of such foreign government or organization, any rural electric or telephone cooperative, or any organization (other than certain farmers' cooperatives) that is generally exempt from federal income tax unless such organization is subject to the tax on unrelated business taxable income). 3. That the Owner is aware (i) of the tax that would be imposed on transfers of Class R Certificates to disqualified organizations or electing large partnerships, under the Code, that applies to all transfers of Class R Certificates after March 31, 1988; (ii) that such tax would be on the transferor (or, with respect to transfers to electing large partnerships, on each such partnership), or, if such transfer is through an agent (which person includes a broker, nominee or middleman) for a disqualified organization, on the agent; (iii) that the person (other than with respect to transfers to electing large partnerships) otherwise liable for the tax shall be relieved of liability for the tax if the transferee furnishes to such person an affidavit that the transferee is not a disqualified organization and, at the time of transfer, such person does not have actual knowledge that the affidavit is false; and (iv) that the Class R Certificates may be "noneconomic residual interests" within the meaning of Treasury regulations promulgated pursuant to the Code and that the transferor of a noneconomic residual interest will remain liable for any taxes 1 due with respect to the income on such residual interest, unless no significant purpose of the transfer was to impede the assessment or collection of tax. 4. That the Owner is aware of the tax imposed on a "pass-through entity" holding Class R Certificates if either the pass-through entity is an electing large partnership under Section 775 of the Code or if at any time during the taxable year of the pass-through entity a disqualified organization is the record holder of an interest in such entity. (For this purpose, a "pass through entity" includes a regulated investment company, a real estate investment trust or common trust fund, a partnership, trust or estate, and certain cooperatives.) 5. The Owner is either (i) a citizen or resident of the United States, (ii) a corporation, partnership or other entity treated as a corporation or a partnership for U.S. federal income tax purposes and created or organized in or under the laws of the United States, any state thereof or the District of Columbia (other than a partnership that is not treated as a United States person under any applicable Treasury regulations), (iii) an estate that is described in Section 7701(a)(30)(D) of the Code, or (iv) a trust that is described in Section 7701(a)(30)(E) of the Code. 6. The Owner hereby agrees that it will not cause income from the Class R Certificates to be attributable to a foreign permanent establishment or fixed base (within the meaning of an applicable income tax treaty) of the Owner or another United States taxpayer. 7. That the Owner is aware that the Trustee will not register the transfer of any Class R Certificates unless the transferee, or the transferee's agent, delivers to it an affidavit and agreement, among other things, in substantially the same form as this affidavit and agreement. The Owner expressly agrees that it will not consummate any such transfer if it knows or believes that any of the representations contained in such affidavit and agreement are false. 8. That the Owner has reviewed the restrictions set forth on the face of the Class R Certificates and the provisions of Section 5.02(f) of the Pooling and Servicing Agreement under which the Class R Certificates were issued (in particular, clause (iii)(A) and (iii)(B) of Section 5.02(f) which authorize the Trustee to deliver payments to a person other than the Owner and negotiate a mandatory sale by the Trustee in the event the Owner holds such Certificates in violation of Section 5.02(f)). The Owner expressly agrees to be bound by and to comply with such restrictions and provisions. 9. That the Owner consents to any additional restrictions or arrangements that shall be deemed necessary upon advice of counsel to constitute a reasonable arrangement to ensure that the Class R Certificates will only be owned, directly or indirectly, by an Owner that is not a disqualified organization. 10. The Owner's Taxpayer Identification Number is . 11. This affidavit and agreement relates only to the Class R Certificates held by the Owner and not to any other holder of the Class R Certificates. The Owner understands that the liabilities described herein relate only to the Class R Certificates. 2 12. That no purpose of the Owner relating to the transfer of any of the Class R Certificates by the Owner is or will be to impede the assessment or collection of any tax; in making this representation, the Owner warrants that the Owner is familiar with (i) Treasury Regulation Section 1.860E-1(c) and recent amendments thereto, effective as of July 19, 2002, and (ii) the preamble describing the adoption of the amendments to such regulation, which is attached hereto as Exhibit 1. 13. That the Owner has no present knowledge or expectation that it will be unable to pay any United States taxes owed by it so long as any of the Certificates remain outstanding. In this regard, the Owner hereby represents to and for the benefit of the person from whom it acquired the Class R Certificate that the Owner intends to pay taxes associated with holding such Class R Certificate as they become due, fully understanding that it may incur tax liabilities in excess of any cash flows generated by the Class R Certificate. 14. That the Owner has no present knowledge or expectation that it will become insolvent or subject to a bankruptcy proceeding for so long as any of the Class R Certificates remain outstanding. 15. The Purchaser is not an employee benefit plan or other plan subject to the prohibited transaction provisions of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), or Section 4975 of the Code, or an investment manager, named fiduciary or a trustee of any such plan, or any other Person acting, directly or indirectly, on behalf of or purchasing any Certificate with "plan assets" of any such plan. 3 IN WITNESS WHEREOF, the Owner has caused this instrument to be executed on its behalf, pursuant to the authority of its Board of Directors, by its [Title of Officer] and its corporate seal to be hereunto attached, attested by its [Assistant] Secretary, this day of , 200 . [NAME OF OWNER] By: --------------------------------- [Name of Officer] [Title of Officer] [Corporate Seal] ATTEST: [Assistant] Secretary Personally appeared before me the above-named [Name of Officer], known or proved to me to be the same person who executed the foregoing instrument and to be the [Title of Officer] of the Owner, and acknowledged to me that he executed the same as his free act and deed and the free act and deed of the Owner. Subscribed and sworn before me this _______ day of _____, 200___. NOTARY PUBLIC COUNTY OF --------------------------- STATE OF ---------------------------- My Commission expires the ____ day of _____,20 . 4 EXHIBIT 1 DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Parts 1 and 602 [TD 9004] RIN 1545-AW98 Real Estate Mortgage Investment Conduits AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Final regulations. ----------------------------------------------------------------------- SUMMARY: This document contains final regulations relating to safe harbor transfers of noneconomic residual interests in real estate mortgage investment conduits (REMICs). The final regulations provide additional limitations on the circumstances under which transferors may claim safe harbor treatment. DATES: Effective Date: These regulations are effective July 19, 2002. Applicability Date: For dates of applicability, see Sec. 1.860E- (1)(c)(10). FOR FURTHER INFORMATION CONTACT: Courtney Shepardson at (202) 622-3940 (not a toll-free number). SUPPLEMENTARY INFORMATION: Paperwork Reduction Act The collection of information in this final rule has been reviewed and, pending receipt and evaluation of public comments, approved by the Office of Management and Budget (OMB) under 44 U.S.C. 3507 and assigned control number 1545-1675. The collection of information in this regulation is in Sec. 1.860E- 1(c)(5)(ii). This information is required to enable the IRS to verify that a taxpayer is complying with the conditions of this regulation. The collection of information is mandatory and is required. Otherwise, the taxpayer will not receive the benefit of safe harbor treatment as provided in the regulation. The likely respondents are businesses and other for-profit institutions. 5 Comments on the collection of information should be sent to the Office of Management and Budget, Attn: Desk Officer for the Department of the Treasury, Office of Information and Regulatory Affairs, Washington, DC, 20503, with copies to the Internal Revenue Service, Attn: IRS Reports Clearance Officer, W:CAR:MP:FP:S, Washington, DC 20224. Comments on the collection of information should be received by September 17, 2002. Comments are specifically requested concerning: Whether the collection of information is necessary for the proper performance of the functions of the Internal Revenue Service, including whether the information will have practical utility; The accuracy of the estimated burden associated with the collection of information (see below); How the quality, utility, and clarity of the information to be collected may be enhanced; How the burden of complying with the collection of information may be minimized, including through the application of automated collection techniques or other forms of information technology; and Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of service to provide information. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a valid control number assigned by the Office of Management and Budget. The estimated total annual reporting burden is 470 hours, based on an estimated number of respondents of 470 and an estimated average annual burden hours per respondent of one hour. Books or records relating to a collection of information must be retained as long as their contents may become material in the administration of any internal revenue law. Generally, tax returns and tax return information are confidential, as required by 26 U.S.C. 6103. Background This document contains final regulations regarding the proposed amendments to 26 CFR part 1 under section 860E of the Internal Revenue Code (Code). The regulations provide the circumstances under which a transferor of a noneconomic REMIC residual interest meeting the investigation and representation requirements may avail itself of the safe harbor by satisfying either the formula test or the asset test. Final regulations governing REMICs, issued in 1992, contain rules governing the transfer of noneconomic REMIC residual interests. In general, a transfer of a noneconomic residual interest is disregarded for all tax purposes if a significant purpose of the transfer is to [[Page 47452]] enable the transferor to impede the assessment or collection of tax. A purpose to impede the assessment or collection of tax (a wrongful purpose) exists if the transferor, at the time of the transfer, either knew or should have known that the transferee would be unwilling or unable to pay taxes due on its share of the 6 REMIC's taxable income. Under a safe harbor, the transferor of a REMIC noneconomic residual interest is presumed not to have a wrongful purpose if two requirements are satisfied: (1) the transferor conducts a reasonable investigation of the transferee's financial condition (the investigation requirement); and (2) the transferor secures a representation from the transferee to the effect that the transferee understands the tax obligations associated with holding a residual interest and intends to pay those taxes (the representation requirement). The IRS and Treasury have been concerned that some transferors of noneconomic residual interests claim they satisfy the safe harbor even in situations where the economics of the transfer clearly indicate the transferee is unwilling or unable to pay the tax associated with holding the interest. For this reason, on February 7, 2000, the IRS published in the Federal Register (65 FR 5807) a notice of proposed rulemaking (REG-100276-97; REG-122450-98) designed to clarify the safe harbor by adding the "formula test," an economic test. The proposed regulation provides that the safe harbor is unavailable unless the present value of the anticipated tax liabilities associated with holding the residual interest does not exceed the sum of: (1) The present value of any consideration given to the transferee to acquire the interest; (2) the present value of the expected future distributions on the interest; and (3) the present value of the anticipated tax savings associated with holding the interest as the REMIC generates losses. The notice of proposed rulemaking also contained rules for FASITs. Section 1.860H-6(g) of the proposed regulations provides requirements for transfers of FASIT ownership interests and adopts a safe harbor by reference to the safe harbor provisions of the REMIC regulations. In January 2001, the IRS published Rev. Proc. 2001-12 (2001-3 I.R.B. 335) to set forth an alternative safe harbor that taxpayers could use while the IRS and the Treasury considered comments on the proposed regulations. Under the alternative safe harbor, if a transferor meets the investigation requirement and the representation requirement but the transfer fails to meet the formula test, the transferor may invoke the safe harbor if the transferee meets a two- prong test (the asset test). A transferee generally meets the first prong of this test if, at the time of the transfer, and in each of the two years preceding the year of transfer, the transferee's gross assets exceed $100 million and its net assets exceed $10 million. A transferee generally meets the second prong of this test if it is a domestic, taxable corporation and agrees in writing not to transfer the interest to any person other than another domestic, taxable corporation that also satisfies the requirements of the asset test. A transferor cannot rely on the asset test if the transferor knows, or has reason to know, that the transferee will not comply with its written agreement to limit the 7 restrictions on subsequent transfers of the residual interest. Rev. Proc. 2001-12 provides that the asset test fails to be satisfied in the case of a transfer or assignment of a noneconomic residual interest to a foreign branch of an otherwise eligible transferee. If such a transfer or assignment were permitted, a corporate taxpayer might seek to claim that the provisions of an applicable income tax treaty would resource excess inclusion income as foreign source income, and that, as a consequence, any U.S. tax liability attributable to the excess inclusion income could be offset by foreign tax credits. Such a claim would impede the assessment or collection of U.S. tax on excess inclusion income, contrary to the congressional purpose of assuring that such income will be taxable in all events. See, e.g., sections 860E(a)(1), (b), (e) and 860G(b) of the Code. The Treasury and the IRS have learned that certain taxpayers transferring noneconomic residual interests to foreign branches have attempted to rely on the formula test to obtain safe harbor treatment in an effort to impede the assessment or collection of U.S. tax on excess inclusion income. Accordingly, the final regulations provide that if a noneconomic residual interest is transferred to a foreign permanent establishment or fixed base of a U.S. taxpayer, the transfer is not eligible for safe harbor treatment under either the asset test or the formula test. The final regulations also require a transferee to represent that it will not cause income from the noneconomic residual interest to be attributable to a foreign permanent establishment or fixed base. Section 1.860E-1(c)(8) provides computational rules that a taxpayer may use to qualify for safe harbor status under the formula test. Section 1.860E-1(c)(8)(i) provides that the transferee is presumed to pay tax at a rate equal to the highest rate of tax specified in section 11(b). Some commentators were concerned that this presumed rate of taxation was too high because it does not take into consideration taxpayers subject to the alternative minimum tax rate. In light of the comments received, this provision has been amended in the final regulations to allow certain transferees that compute their taxable income using the alternative minimum tax rate to use the alternative minimum tax rate applicable to corporations. Additionally, Sec. 1.860E-1(c)(8)(iii) provides that the present values in the formula test are to be computed using a discount rate equal to the applicable Federal short-term rate prescribed by section 1274(d). This is a change from the proposed regulation and Rev. Proc. 2001-12. In those publications the provision stated that "present values are computed using a discount rate equal to the applicable Federal rate prescribed in section 1274(d) compounded semiannually" and that "[a] lower discount rate may be used if the transferee can demonstrate that it regularly borrows, in the course of its trade or business, substantial funds at such lower rate from an unrelated third party." The IRS and the Treasury Department have learned that, based on this provision, certain taxpayers have been attempting to use unrealistically low or zero interest rates to satisfy the formula test, frustrating the intent of the test. Furthermore, the Treasury Department and the IRS believe that a rule allowing for a rate other than a rate based on an objective index would add unnecessary complexity to the safe harbor. As a result, the rule in the proposed regulations that permits a transferee to use a lower discount rate, if the transferee can demonstrate that it regularly borrows substantial funds at such lower rate, is not included in the final regulations; and the Federal short-term 8 rate has been substituted for the applicable Federal rate. To simplify taxpayers' computations, the final regulations allow use of any of the published short-term rates, provided that the present values are computed with a corresponding period of compounding. With the exception of the provisions relating to transfers to foreign branches, these changes generally have the proposed applicability date of February 4, 2000, but taxpayers may choose to apply the interest rate formula set forth in the proposed regulation and Rev. Proc. 2001-12 for transfers occurring before August 19, 2002. It is anticipated that when final regulations are adopted with respect to [[Page 47453]] FASITs, Sec. 1.860H-6(g) of the proposed regulations will be adopted in substantially its present form, with the result that the final regulations contained in this document will also govern transfers of FASIT ownership interests with substantially the same applicability date as is contained in this document. Effect on Other Documents Rev. Proc. 2001-12 (2001-3 I.R.B. 335) is obsolete for transfers of noneconomic residual interests in REMICs occurring on or after August 19, 2002. Special Analyses It is hereby certified that these regulations will not have a significant economic impact on a substantial number of small entities. This certification is based on the fact that it is unlikely that a substantial number of small entities will hold REMIC residual interests. Therefore, a Regulatory Flexibility Analysis under the Regulatory Flexibility Act (5 U.S.C. chapter 6) is not required. It has been determined that this Treasury decision is not a significant regulatory action as defined in Executive Order 12866. Therefore, a regulatory assessment is not required. It also has been determined that sections 553(b) and 553(d) of the Administrative Procedure Act (5 U.S.C. chapter 5) do not apply to these regulations. Drafting Information The principal author of these regulations is Courtney Shepardson. However, other personnel from the IRS and Treasury Department participated in their development. List of Subjects 26 CFR Part 1 Income taxes, Reporting and record keeping requirements. 26 CFR Part 602 Reporting and record keeping requirements. Adoption of Amendments to the Regulations Accordingly, 26 CFR parts 1 and 602 are amended as follows: PART 1--INCOME TAXES Paragraph 1. The authority citation for part 1 continues to read in part as follows: Authority: 26 U.S.C. 7805 * * * 9 EXHIBIT G-2 FORM OF TRANSFEROR CERTIFICATE __________ , 20 ____ Residential Accredit Loans, Inc. 8400 Normandale Lake Boulevard Suite 250 Minneapolis, Minnesota 55437 ================== ------------------ Attention: Residential Funding Corporation Series ____-___ Re: Mortgage Asset-Backed Pass-Through Certificates, Series ____-___, Class R Ladies and Gentlemen: This letter is delivered to you in connection with the transfer by (the "Seller") to (the "Purchaser") of $ Initial Certificate Principal Balance of Mortgage Asset-Backed Pass-Through Certificates, Series ____-___, Class R (the "Certificates"), pursuant to Section 5.02 of the Pooling and Servicing Agreement (the "Pooling and Servicing Agreement"), dated as of ___________ 1, ____ among Residential Accredit Loans, Inc., as seller (the "Company"), Residential Funding Corporation, as master servicer (the "Master Servicer"), and __________________, as trustee (the "Trustee"). All terms used herein and not otherwise defined shall have the meanings set forth in the Pooling and Servicing Agreement. The Seller hereby certifies, represents and warrants to, and covenants with, the Company and the Trustee that: 1. No purpose of the Seller relating to the transfer of the Certificate by the Seller to the Purchaser is or will be to impede the assessment or collection of any tax. 2. The Seller understands that the Purchaser has delivered to the Trustee and the Master Servicer a transfer affidavit and agreement in the form attached to the Pooling and Servicing Agreement as Exhibit G-1. The Seller does not know or believe that any representation contained therein is false. 3. The Seller has at the time of the transfer conducted a reasonable investigation of the financial condition of the Purchaser as contemplated by Treasury Regulations Section 1.860E-1(c)(4)(i) and, as a result of that investigation, the Seller has determined that the Purchaser has historically paid its debts as they become due and has found no significant evidence to 10 indicate that the Purchaser will not continue to pay its debts as they become due in the future. The Seller understands that the transfer of a Class R Certificate may not be respected for United States income tax purposes (and the Seller may continue to be liable for United States income taxes associated therewith) unless the Seller has conducted such an investigation. 4. The Seller has no actual knowledge that the proposed Transferee is not both a United States Person and a Permitted Transferee. Very truly yours, (Seller) By: --------------------------------- Name: ------------------------------- Title: ------------------------------ 11 EXHIBIT H FORM OF INVESTOR REPRESENTATION LETTER ______________, 20 ____ Residential Accredit Loans, Inc. 8400 Normandale Lake Boulevard Suite 250 Minneapolis, MN 55437 ================== ------------------ Residential Funding Corporation 8400 Normandale Lake Boulevard Suite 250 Minneapolis, MN 55437 Attention: Residential Funding Corporation Series ____-___ RE: Mortgage Asset-Backed Pass-Through Certificates, Series ____-___, [Class B-] Ladies and Gentlemen: (the "Purchaser") intends to purchase from (the "Seller") $ Initial Certificate Principal Balance of Mortgage Asset-Backed Pass-Through Certificates, Series ____-___, Class (the "Certificates"), issued pursuant to the Pooling and Servicing Agreement (the "Pooling and Servicing Agreement"), dated as of ___________ 1, ____ among Residential Accredit Loans, Inc., as seller (the "Company"), Residential Funding Corporation, as master servicer (the "Master Servicer"), and __________________, as trustee (the "Trustee"). All terms used herein and not otherwise defined shall have the meanings set forth in the Pooling and Servicing Agreement. The Purchaser hereby certifies, represents and warrants to, and covenants with, the Company, the Trustee and the Master Servicer that: 1. The Purchaser understands that (a) the Certificates have not been and will not be registered or qualified under the Securities Act of 1933, as amended (the "Act") or any state securities law, (b) the Company is not required to so register or qualify the Certificates, (c) the Certificates may be resold only if registered and qualified pursuant to the provisions of the Act or any state securities law, or if an exemption from such registration and qualification is available, (d) the Pooling and Servicing Agreement contains restrictions regarding the transfer of the Certificates and (e) the Certificates will bear a legend to the foregoing effect. 1 2. The Purchaser is acquiring the Certificates for its own account for investment only and not with a view to or for sale in connection with any distribution thereof in any manner that would violate the Act or any applicable state securities laws. 3. The Purchaser is (a) a substantial, sophisticated institutional investor having such knowledge and experience in financial and business matters, and, in particular, in such matters related to securities similar to the Certificates, such that it is capable of evaluating the merits and risks of investment in the Certificates, (b) able to bear the economic risks of such an investment and (c) an "accredited investor" within the meaning of Rule 501(a) promulgated pursuant to the Act. 4. The Purchaser has been furnished with, and has had an opportunity to review (a) [a copy of the Private Placement Memorandum, dated ______________, 20___, relating to the Certificates (b)] a copy of the Pooling and Servicing Agreement and [b] [c] such other information concerning the Certificates, the Mortgage Loans and the Company as has been requested by the Purchaser from the Company or the Seller and is relevant to the Purchaser's decision to purchase the Certificates. The Purchaser has had any questions arising from such review answered by the Company or the Seller to the satisfaction of the Purchaser. [If the Purchaser did not purchase the Certificates from the Seller in connection with the initial distribution of the Certificates and was provided with a copy of the Private Placement Memorandum (the "Memorandum") relating to the original sale (the "Original Sale") of the Certificates by the Company, the Purchaser acknowledges that such Memorandum was provided to it by the Seller, that the Memorandum was prepared by the Company solely for use in connection with the Original Sale and the Company did not participate in or facilitate in any way the purchase of the Certificates by the Purchaser from the Seller, and the Purchaser agrees that it will look solely to the Seller and not to the Company with respect to any damage, liability, claim or expense arising out of, resulting from or in connection with (a) error or omission, or alleged error or omission, contained in the Memorandum, or (b) any information, development or event arising after the date of the Memorandum.] 5. The Purchaser has not and will not nor has it authorized or will it authorize any person to (a) offer, pledge, sell, dispose of or otherwise transfer any Certificate, any interest in any Certificate or any other similar security to any person in any manner, (b) solicit any offer to buy or to accept a pledge, disposition of other transfer of any Certificate, any interest in any Certificate or any other similar security from any person in any manner, (c) otherwise approach or negotiate with respect to any Certificate, any interest in any Certificate or any other similar security with any person in any manner, (d) make any general solicitation by means of general advertising or in any other manner or (e) take any other action, that 2 (as to any of (a) through (e) above) would constitute a distribution of any Certificate under the Act, that would render the disposition of any Certificate a violation of Section 5 of the Act or any state securities law, or that would require registration or qualification pursuant thereto. The Purchaser will not sell or otherwise transfer any of the Certificates, except in compliance with the provisions of the Pooling and Servicing Agreement. 6. The Purchaser (a) is not an employee benefit or other plan subject to the prohibited transaction provisions of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), or Section 4975 of the Internal Revenue Code of 1986, as amended (a "Plan"), or any other person (including an investment manager, a named fiduciary or a trustee of any Plan) acting, directly or indirectly, on behalf of or purchasing any Certificate with "plan assets" of any Plan within the meaning of the Department of Labor ("DOL") regulation at 29 C.F.R. ss.2510.3-101; or (b) is an insurance company, the source of funds to be used by it to purchase the Certificates is an "insurance company general account" (within the meaning of DOL Prohibited Transaction Class Exemption ("PTCE") 95-60), and the purchase is being made in reliance upon the availability of the exemptive relief afforded under Sections I and III of PTCE 95-60. In addition, the Purchaser hereby certifies, represents and warrants to, and covenants with, the Company, the Trustee and the Master Servicer that the Purchaser will not transfer such Certificates to any Plan or person unless such Plan or person meets the requirements set forth in either 6(a) or (b) above. Very truly yours, By: --------------------------------- Name: ------------------------------- Title: ------------------------------ 3 EXHIBIT I FORM OF TRANSFEROR REPRESENTATION LETTER ___________, 20 ___ Residential Accredit Loans, Inc. 8400 Normandale Lake Boulevard Suite 250 Minneapolis, MN 55437 ================== ------------------ Attention: Residential Funding Corporation Series ____-___ Re: Mortgage Asset-Backed Pass-Through Certificates, Series ____-___, [Class B-] Ladies and Gentlemen: In connection with the sale by (the "Seller") to (the "Purchaser") of $ Initial Certificate Principal Balance of Mortgage Asset-Backed Pass-Through Certificates, Series ____-___, Class (the "Certificates"), issued pursuant to the Pooling and Servicing Agreement (the "Pooling and Servicing Agreement"), dated as of ___________ 1, ____ among Residential Accredit Loans, Inc., as seller (the "Company"), Residential Funding Corporation, as master servicer, and __________________, as trustee (the "Trustee"). The Seller hereby certifies, represents and warrants to, and covenants with, the Company and the Trustee that: Neither the Seller nor anyone acting on its behalf has (a) offered, pledged, sold, disposed of or otherwise transferred any Certificate, any interest in any Certificate or any other similar security to any person in any manner, (b) has solicited any offer to buy or to accept a pledge, disposition or other transfer of any Certificate, any interest in any Certificate or any other similar security from any person in any manner, (c) has otherwise approached or negotiated with respect to any Certificate, any interest in any Certificate or any other similar security with any person in any manner, (d) has made any general solicitation by means of general advertising or in any other manner, or (e) has taken any other action, that (as to any of (a) through (e) above) would constitute a distribution of the Certificates under the Securities Act of 1933 (the "Act"), that would render the disposition of any Certificate a violation of Section 5 of the Act or any state securities law, or that would require registration or qualification pursuant thereto. The Seller will not act, in any manner set forth in the foregoing sentence with respect to any Certificate. The Seller has not and will not sell or otherwise transfer any of the Certificates, except in compliance with the provisions of the Pooling and Servicing Agreement. 1 Very truly yours, (Seller) By: --------------------------------- Name: ------------------------------- Title: ------------------------------ 2 EXHIBIT J [FORM OF RULE 144A INVESTMENT REPRESENTATION] Description of Rule 144A Securities, including numbers: ____________________________________________________________________________ The undersigned seller, as registered holder (the "Seller"), intends to transfer the Rule 144A Securities described above to the undersigned buyer (the "Buyer"). 1. In connection with such transfer and in accordance with the agreements pursuant to which the Rule 144A Securities were issued, the Seller hereby certifies the following facts: Neither the Seller nor anyone acting on its behalf has offered, transferred, pledged, sold or otherwise disposed of the Rule 144A Securities, any interest in the Rule 144A Securities or any other similar security to, or solicited any offer to buy or accept a transfer, pledge or other disposition of the Rule 144A Securities, any interest in the Rule 144A Securities or any other similar security from, or otherwise approached or negotiated with respect to the Rule 144A Securities, any interest in the Rule 144A Securities or any other similar security with, any person in any manner, or made any general solicitation by means of general advertising or in any other manner, or taken any other action, that would constitute a distribution of the Rule 144A Securities under the Securities Act of 1933, as amended (the "1933 Act"), or that would render the disposition of the Rule 144A Securities a violation of Section 5 of the 1933 Act or require registration pursuant thereto, and that the Seller has not offered the Rule 144A Securities to any person other than the Buyer or another "qualified institutional buyer" as defined in Rule 144A under the 1933 Act. 2. The Buyer warrants and represents to, and covenants with, the Seller, the Trustee and the Master Servicer (as defined in the Pooling and Servicing Agreement (the "Agreement"), dated as of ___________ 1, ____ among Residential Funding Corporation as Master Servicer, Residential Accredit Loans, Inc. as depositor pursuant to Section 5.02 of the Agreement and __________________, as trustee, as follows: (a) The Buyer understands that the Rule 144A Securities have not been registered under the 1933 Act or the securities laws of any state. (b) The Buyer considers itself a substantial, sophisticated institutional investor having such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks of investment in the Rule 144A Securities. 1 (c) The Buyer has been furnished with all information regarding the Rule 144A Securities that it has requested from the Seller, the Trustee or the Servicer. (d) Neither the Buyer nor anyone acting on its behalf has offered, transferred, pledged, sold or otherwise disposed of the Rule 144A Securities, any interest in the Rule 144A Securities or any other similar security to, or solicited any offer to buy or accept a transfer, pledge or other disposition of the Rule 144A Securities, any interest in the Rule 144A Securities or any other similar security from, or otherwise approached or negotiated with respect to the Rule 144A Securities, any interest in the Rule 144A Securities or any other similar security with, any person in any manner, or made any general solicitation by means of general advertising or in any other manner, or taken any other action, that would constitute a distribution of the Rule 144A Securities under the 1933 Act or that would render the disposition of the Rule 144A Securities a violation of Section 5 of the 1933 Act or require registration pursuant thereto, nor will it act, nor has it authorized or will it authorize any person to act, in such manner with respect to the Rule 144A Securities. (e) The Buyer is a "qualified institutional buyer" as that term is defined in Rule 144A under the 1933 Act and has completed either of the forms of certification to that effect attached hereto as Annex 1 or Annex 2. The Buyer is aware that the sale to it is being made in reliance on Rule 144A. The Buyer is acquiring the Rule 144A Securities for its own account or the accounts of other qualified institutional buyers, understands that such Rule 144A Securities may be resold, pledged or transferred only (i) to a person reasonably believed to be a qualified institutional buyer that purchases for its own account or for the account of a qualified institutional buyer to whom notice is given that the resale, pledge or transfer is being made in reliance on Rule 144A, or (ii) pursuant to another exemption from registration under the 1933 Act. [3. The Buyer (a) is not an employee benefit or other plan subject to the prohibited transaction provisions of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), or Section 4975 of the Internal Revenue Code of 1986, as amended (a "Plan"), or any other person (including an investment manager, a named fiduciary or a trustee of any Plan) acting, directly or indirectly, on behalf of or purchasing any Certificate with "plan assets" of any Plan within the meaning of the Department of Labor ("DOL") regulation at 29 C.F.R. ss. 2510.3-101; or (b) is an insurance company, the source of funds to be used by it to purchase the Certificates is an "insurance company general account" (within the meaning of DOL Prohibited Transaction Class Exemption ("PTCE") 95-60), and the purchase is being made in reliance upon the availability of the exemptive relief afforded under Sections I and III of PTCE 95-60.] 4. This document may be executed in one or more counterparts and by the 2 different parties hereto on separate counterparts, each of which, when so executed, shall be deemed to be an original; such counterparts, together, shall constitute one and the same document. IN WITNESS WHEREOF, each of the parties has executed this document as of the date set forth below. Print Name of Seller Print Name of Buyer By: By: ------------------------------------------ Name: Name: Title: Title: Taxpayer Identification Taxpayer Identification: No. No: ------------------------------------------ Date: Date: ---------------------------------------- 3 ANNEX 1 TO EXHIBIT J QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A [For Buyers Other Than Registered Investment Companies] The undersigned hereby certifies as follows in connection with the Rule 144A Investment Representation to which this Certification is attached: 1. As indicated below, the undersigned is the President, Chief Financial Officer, Senior Vice President or other executive officer of the Buyer. 2. In connection with purchases by the Buyer, the Buyer is a "qualified institutional buyer" as that term is defined in Rule 144A under the Securities Act of 1933 ("Rule 144A") because (i) the Buyer owned and/or invested on a discretionary basis $ in securities (except for the excluded securities referred to below) as of the end of the Buyer's most recent fiscal year (such amount being calculated in accordance with Rule 144A) and (ii) the Buyer satisfies the criteria in the category marked below. -- Corporation, etc. The Buyer is a corporation (other than a bank, savings and loan association or similar institution), Massachusetts or similar business trust, partnership, or charitable organization described in Section 501(c)(3) of the Internal Revenue Code. -- Bank. The Buyer (a) is a national bank or banking institution organized under the laws of any State, territory or the District of Columbia, the business of which is substantially confined to banking and is supervised by the State or territorial banking commission or similar official or is a foreign bank or equivalent institution, and (b) has an audited net worth of at least $25,000,000 as demonstrated in its latest annual financial statements, a copy of which is attached hereto. -- Savings and Loan. The Buyer (a) is a savings and loan association, building and loan association, cooperative bank, homestead association or similar institution, which is supervised and examined by a State or Federal authority having supervision over any such institutions or is a foreign savings and loan association or equivalent institution and (b) has an audited net worth of at least $25,000,000 as demonstrated in its latest annual financial statements. -- Broker-Dealer. The Buyer is a dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934. -- Insurance Company. The Buyer is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a State or territory or the District of Columbia. 1 -- State or Local Plan. The Buyer is a plan established and maintained by a State, its political subdivisions, or any agency or instrumentality of the State or its political subdivisions, for the benefit of its employees. -- ERISA Plan. The Buyer is an employee benefit plan within the meaning of Title I of the Employee Retirement Income Security Act of 1974. -- Investment Adviser. The Buyer is an investment adviser registered under the Investment Advisers Act of 1940. -- SBIC. The Buyer is a Small Business Investment Company licensed by the U.S. Small Business Administration under Section 301(c) or (d) of the Small Business Investment Act of 1958. -- Business Development Company. The Buyer is a business development company as defined in Section 202(a)(22) of the Investment Advisers Act of 1940. -- Trust Fund. The Buyer is a trust fund whose trustee is a bank or trust company and whose participants are exclusively (a) plans established and maintained by a State, its political subdivisions, or any agency or instrumentality of the State or its political subdivisions, for the benefit of its employees, or (b) employee benefit plans within the meaning of Title I of the Employee Retirement Income Security Act of 1974, but is not a trust fund that includes as participants individual retirement accounts or H.R. 10 plans. 3. The term "securities" as used herein does not include (i) securities of issuers that are affiliated with the Buyer, (ii) securities that are part of an unsold allotment to or subscription by the Buyer, if the Buyer is a dealer, (iii) bank deposit notes and certificates of deposit, (iv) loan participations, (v) repurchase agreements, (vi) securities owned but subject to a repurchase agreement and (vii) currency, interest rate and commodity swaps. 4. For purposes of determining the aggregate amount of securities owned and/or invested on a discretionary basis by the Buyer, the Buyer used the cost of such securities to the Buyer and did not include any of the securities referred to in the preceding paragraph. Further, in determining such aggregate amount, the Buyer may have included securities owned by subsidiaries of the Buyer, but only if such subsidiaries are consolidated with the Buyer in its financial statements prepared in accordance with generally accepted accounting principles and if the investments of such subsidiaries are managed under the Buyer's direction. However, such securities were not included if the Buyer is a majority-owned, consolidated subsidiary of another enterprise and the Buyer is not itself a reporting company under the Securities Exchange Act of 1934. 5. The Buyer acknowledges that it is familiar with Rule 144A and understands that the seller to it and other parties related to the Certificates are relying and will continue to rely on the statements made herein because one or more sales to the Buyer may be in reliance on Rule 144A. 2 Will the Buyer be purchasing the Rule 144A Yes No Securities only for the Buyer's own account? 6. If the answer to the foregoing question is "no", the Buyer agrees that, in connection with any purchase of securities sold to the Buyer for the account of a third party (including any separate account) in reliance on Rule 144A, the Buyer will only purchase for the account of a third party that at the time is a "qualified institutional buyer" within the meaning of Rule 144A. In addition, the Buyer agrees that the Buyer will not purchase securities for a third party unless the Buyer has obtained a current representation letter from such third party or taken other appropriate steps contemplated by Rule 144A to conclude that such third party independently meets the definition of "qualified institutional buyer" set forth in Rule 144A. 7. The Buyer will notify each of the parties to which this certification is made of any changes in the information and conclusions herein. Until such notice is given, the Buyer's purchase of Rule 144A Securities will constitute a reaffirmation of this certification as of the date of such purchase. Print Name of Buyer By: ------------------------------- Name: Title: Date: ------------------------------- 3 ANNEX 2 TO EXHIBIT J QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A [For Buyers That Are Registered Investment Companies] The undersigned hereby certifies as follows in connection with the Rule 144A Investment Representation to which this Certification is attached: 8. As indicated below, the undersigned is the President, Chief Financial Officer or Senior Vice President of the Buyer or, if the Buyer is a "qualified institutional buyer" as that term is defined in Rule 144A under the Securities Act of 1933 ("Rule 144A") because Buyer is part of a Family of Investment Companies (as defined below), is such an officer of the Adviser. 9. In connection with purchases by Buyer, the Buyer is a "qualified institutional buyer" as defined in SEC Rule 144A because (i) the Buyer is an investment company registered under the Investment Company Act of 1940, and (ii) as marked below, the Buyer alone, or the Buyer's Family of Investment Companies, owned at least $100,000,000 in securities (other than the excluded securities referred to below) as of the end of the Buyer's most recent fiscal year. For purposes of determining the amount of securities owned by the Buyer or the Buyer's Family of Investment Companies, the cost of such securities was used. -- The Buyer owned $ in securities (other than the excluded securities referred to below) as of the end of the Buyer's most recent fiscal year (such amount being calculated in accordance with Rule 144A). -- The Buyer is part of a Family of Investment Companies which owned in the aggregate $ in securities (other than the excluded securities referred to below) as of the end of the Buyer's most recent fiscal year (such amount being calculated in accordance with Rule 144A). 10. The term "Family of Investment Companies" as used herein means two or more registered investment companies (or series thereof) that have the same investment adviser or investment advisers that are affiliated (by virtue of being majority owned subsidiaries of the same parent or because one investment adviser is a majority owned subsidiary of the other). 11. The term "securities" as used herein does not include (i) securities of issuers that are affiliated with the Buyer or are part of the Buyer's Family of Investment Companies, (ii) bank deposit notes and certificates of deposit, (iii) loan participations, (iv) repurchase agreements, (v) securities owned but subject to a repurchase agreement and (vi) currency, interest rate and commodity swaps. 12. The Buyer is familiar with Rule 144A and understands that each of the parties to which this certification is made are relying and will continue to rely on the statements made herein because one or more sales to the Buyer will be in reliance on Rule 144A. In addition, the Buyer will only purchase for the Buyer's own account. 4 13. The undersigned will notify each of the parties to which this certification is made of any changes in the information and conclusions herein. Until such notice, the Buyer's purchase of Rule 144A Securities will constitute a reaffirmation of this certification by the undersigned as of the date of such purchase. Print Name of Buyer By: ------------------------------ Name: ------------------------- Title: ------------------------ IF AN ADVISER: Print Name of Buyer Date: ------------------------------ 5 EXHIBIT K [TEXT OF AMENDMENT TO POOLING AND SERVICING AGREEMENT PURSUANT TO SECTION 11.01(E) FOR A LIMITED GUARANTY] ARTICLE XII Subordinate Certificate Loss Coverage; Limited Guaranty Section 12.01. Subordinate Certificate Loss Coverage; Limited Guaranty. (a) Subject to subsection (c) below, prior to the later of the third Business Day prior to each Distribution Date or the related Determination Date, the Master Servicer shall determine whether it or any Sub-Servicer will be entitled to any reimbursement pursuant to Section 4.02(a) on such Distribution Date for Advances or Sub-Servicer Advances previously made, (which will not be Advances or Sub-Servicer Advances that were made with respect to delinquencies which were subsequently determined to be Excess Special Hazard Losses, Excess Fraud Losses, Excess Bankruptcy Losses or Extraordinary Losses) and, if so, the Master Servicer shall demand payment from Residential Funding of an amount equal to the amount of any Advances or Sub-Servicer Advances reimbursed pursuant to Section 4.02(a), to the extent such Advances or Sub-Servicer Advances have not been included in the amount of the Realized Loss in the related Mortgage Loan, and shall distribute the same to the Class B Certificateholders in the same manner as if such amount were to be distributed pursuant to Section 4.02(a). (b) Subject to subsection (c) below, prior to the later of the third Business Day prior to each Distribution Date or the related Determination Date, the Master Servicer shall determine whether any Realized Losses (other than Excess Special Hazard Losses, Excess Bankruptcy Losses, Excess Fraud Losses and Extraordinary Losses) will be allocated to the Class B Certificates on such Distribution Date pursuant to Section 4.05, and, if so, the Master Servicer shall demand payment from Residential Funding of the amount of such Realized Loss and shall distribute the same to the Class B Certificateholders in the same manner as if such amount were to be distributed pursuant to Section 4.02(a); provided, however, that the amount of such demand in respect of any Distribution Date shall in no event be greater than the sum of (i) the additional amount of Accrued Certificate Interest that would have been paid for the Class B Certificateholders on such Distribution Date had such Realized Loss or Losses not occurred plus (ii) the amount of the reduction in the Certificate Principal Balances of the Class B Certificates on such Distribution Date due to such Realized Loss or Losses. Notwithstanding such payment, such Realized Losses shall be deemed to have been borne by the Certificateholders for purposes of Section 4.05. Excess Special Hazard Losses, Excess Fraud Losses, Excess Bankruptcy Losses and Extraordinary Losses allocated to the Class B Certificates will not be covered by the Subordinate Certificate Loss Obligation. (c) Demands for payments pursuant to this Section shall be made prior to the later of the third Business Day prior to each Distribution Date or the related Determination Date by the Master Servicer with written notice thereof to the Trustee. The maximum amount that Residential Funding shall be required to pay pursuant to this Section on any Distribution Date (the "Amount Available") shall be equal to the lesser of (X) minus the sum of (i) all previous payments made under subsections (a) and (b) hereof and (ii) all draws 1 under the Limited Guaranty made in lieu of such payments as described below in subsection (d) and (Y) the then outstanding Certificate Principal Balances of the Class B Certificates, or such lower amount as may be established pursuant to Section 12.02. Residential Funding's obligations as described in this Section are referred to herein as the "Subordinate Certificate Loss Obligation." (d) The Trustee will promptly notify General Motors Acceptance Corporation of any failure of Residential Funding to make any payments hereunder and shall demand payment pursuant to the limited guaranty (the "Limited Guaranty"), executed by General Motors Acceptance Corporation, of Residential Funding's obligation to make payments pursuant to this Section, in an amount equal to the lesser of (i) the Amount Available and (ii) such required payments, by delivering to General Motors Acceptance Corporation a written demand for payment by wire transfer, not later than the second Business Day prior to the Distribution Date for such month, with a copy to the Master Servicer. (e) All payments made by Residential Funding pursuant to this Section or amounts paid under the Limited Guaranty shall be deposited directly in the Certificate Account, for distribution on the Distribution Date for such month to the Class B Certificateholders. (f) The Company shall have the option, in its sole discretion, to substitute for either or both of the Limited Guaranty or the Subordinate Certificate Loss Obligation another instrument in the form of a corporate guaranty, an irrevocable letter of credit, a surety bond, insurance policy or similar instrument or a reserve fund; provided that (i) the Company obtains (subject to the provisions of Section 10.01(f) as if the Company was substituted for the Master Servicer solely for the purposes of such provision) an Opinion of Counsel (which need not be an opinion of Independent counsel) to the effect that obtaining such substitute corporate guaranty, irrevocable letter of credit, surety bond, insurance policy or similar instrument or reserve fund will not cause either (a) any federal tax to be imposed on the Trust Fund, including without limitation, any federal tax imposed on "prohibited transactions" under Section 860(F)(a)(1) of the Code or on "contributions after the startup date" under Section 860(G)(d)(1) of the Code or (b) the Trust Fund to fail to qualify as a REMIC at any time that any Certificate is outstanding, and (ii) no such substitution shall be made unless (A) the substitute Limited Guaranty or Subordinate Certificate Loss Obligation is for an initial amount not less than the then current Amount Available and contains provisions that are in all material respects equivalent to the original Limited Guaranty or Subordinate Certificate Loss Obligation (including that no portion of the fees, reimbursements or other obligations under any such instrument will be borne by the Trust Fund), (B) the long term debt obligations of any obligor of any substitute Limited Guaranty or Subordinate Certificate Loss Obligation (if not supported by the Limited Guaranty) shall be rated at least the lesser of (a) the rating of the long term debt obligations of General Motors Acceptance Corporation as of the date of issuance of the Limited Guaranty and (b) the rating of the long term debt obligations of General Motors Acceptance Corporation at the date of such substitution and (C) the Company obtains written confirmation from each nationally recognized credit rating agency that rated the Class B Certificates at the request of the Company that such substitution shall not lower the rating on the Class B Certificates below the lesser of (a) the then-current rating assigned to the Class B Certificates by such rating agency and (b) the original rating assigned to the Class B Certificates by such rating agency. Any replacement of the Limited Guaranty or Subordinate Certificate Loss 2 Obligation pursuant to this Section shall be accompanied by a written Opinion of Counsel to the substitute guarantor or obligor, addressed to the Master Servicer and the Trustee, that such substitute instrument constitutes a legal, valid and binding obligation of the substitute guarantor or obligor, enforceable in accordance with its terms, and concerning such other matters as the Master Servicer and the Trustee shall reasonably request. Neither the Company, the Master Servicer nor the Trustee shall be obligated to substitute for or replace the Limited Guaranty or Subordinate Certificate Loss Obligation under any circumstance. Section 12.02. Amendments Relating to the Limited Guaranty. Notwithstanding Sections 11.01 or 12.01: (i) the provisions of this Article XII may be amended, superseded or deleted, (ii) the Limited Guaranty or Subordinate Certificate Loss Obligation may be amended, reduced or canceled, and (iii) any other provision of this Agreement which is related or incidental to the matters described in this Article XII may be amended in any manner; in each case by written instrument executed or consented to by the Company and Residential Funding but without the consent of any Certificateholder and without the consent of the Master Servicer or the Trustee being required unless any such amendment would impose any additional obligation on, or otherwise adversely affect the interests of, the Master Servicer or the Trustee, as applicable; provided that the Company shall also obtain a letter from each nationally recognized credit rating agency that rated the Class B Certificates at the request of the Company to the effect that such amendment, reduction, deletion or cancellation will not lower the rating on the Class B Certificates below the lesser of (a) the then-current rating assigned to the Class B Certificates by such rating agency and (b) the original rating assigned to the Class B Certificates by such rating agency, unless (A) the Holder of 100% of the Class B Certificates is Residential Funding or an Affiliate of Residential Funding, or (B) such amendment, reduction, deletion or cancellation is made in accordance with Section 11.01(e) and, provided further that the Company obtains (subject to the provisions of Section 10.01(f) as if the Company was substituted for the Master Servicer solely for the purposes of such provision), in the case of a material amendment or supercession (but not a reduction, cancellation or deletion of the Limited Guaranty or the Subordinate Certificate Loss Obligation), an Opinion of Counsel (which need not be an opinion of Independent counsel) to the effect that any such amendment or supercession will not cause either (a) any federal tax to be imposed on the Trust Fund, including without limitation, any federal tax imposed on "prohibited transactions" under Section 860F(a)(1) of the Code or on "contributions after the startup date" under Section 860G(d)(1) of the Code or (b) the Trust Fund to fail to qualify as a REMIC at any time that any Certificate is outstanding. A copy of any such instrument shall be provided to the Trustee and the Master Servicer together with an Opinion of Counsel that such amendment complies with this Section 12.02. 3 EXHIBIT L [FORM OF LIMITED GUARANTY] LIMITED GUARANTY RESIDENTIAL ACCREDIT LOANS, INC. Mortgage Asset-Backed Pass-Through Certificates Series ____-___ ______________, 200 ___ ================== ------------------ Attention: Residential Funding Corporation Series ____-___ Ladies and Gentlemen: WHEREAS, Residential Funding Corporation, a Delaware corporation ("Residential Funding"), an indirect wholly-owned subsidiary of General Motors Acceptance Corporation, a New York corporation ("GMAC"), plans to incur certain obligations as described under Section 12.01 of the Pooling and Servicing Agreement dated as of ___________ 1, ____ (the "Servicing Agreement"), among Residential Accredit Loans, Inc. (the "Company"), Residential Funding and __________________ (the "Trustee") as amended by Amendment No. ------ thereto, dated as of , with respect to the Mortgage Asset-Backed Pass-Through Certificates, ---------------- Series ____-___ (the "Certificates"); and WHEREAS, pursuant to Section 12.01 of the Servicing Agreement, Residential Funding agrees to make payments to the Holders of the Class B Certificates with respect to certain losses on the Mortgage Loans as described in the Servicing Agreement; and WHEREAS, GMAC desires to provide certain assurances with respect to the ability of Residential Funding to secure sufficient funds and faithfully to perform its Subordinate Certificate Loss Obligation; NOW THEREFORE, in consideration of the premises herein contained and certain other good and valuable consideration, the receipt of which is hereby acknowledged, GMAC agrees as follows: 1. Provision of Funds. (a) GMAC agrees to contribute and deposit in the Certificate Account on behalf of Residential Funding (or otherwise provide to Residential Funding, or to cause to be made available to Residential Funding), either directly or through a subsidiary, in any case prior to the related 1 Distribution Date, such moneys as may be required by Residential Funding to perform its Subordinate Certificate Loss Obligation when and as the same arises from time to time upon the demand of the Trustee in accordance with Section 12.01 of the Servicing Agreement. (b) The agreement set forth in the preceding clause (a) shall be absolute, irrevocable and unconditional and shall not be affected by the transfer by GMAC or any other person of all or any part of its or their interest in Residential Funding, by any insolvency, bankruptcy, dissolution or other proceeding affecting Residential Funding or any other person, by any defense or right of counterclaim, set-off or recoupment that GMAC may have against Residential Funding or any other person or by any other fact or circumstance. Notwithstanding the foregoing, GMAC's obligations under clause (a) shall terminate upon the earlier of (x) substitution for this Limited Guaranty pursuant to Section 12.01(f) of the Servicing Agreement, or (y) the termination of the Trust Fund pursuant to the Servicing Agreement. 2. Waiver. GMAC hereby waives any failure or delay on the part of Residential Funding, the Trustee or any other person in asserting or enforcing any rights or in making any claims or demands hereunder. Any defective or partial exercise of any such rights shall not preclude any other or further exercise of that or any other such right. GMAC further waives demand, presentment, notice of default, protest, notice of acceptance and any other notices with respect to this Limited Guaranty, including, without limitation, those of action or nonaction on the part of Residential Funding or the Trustee. 3. Modification, Amendment and Termination. This Limited Guaranty may be modified, amended or terminated only by the written agreement of GMAC and the Trustee and only if such modification, amendment or termination is permitted under Section 12.02 of the Servicing Agreement. The obligations of GMAC under this Limited Guaranty shall continue and remain in effect so long as the Servicing Agreement is not modified or amended in any way that might affect the obligations of GMAC under this Limited Guaranty without the prior written consent of GMAC. 4. Successor. Except as otherwise expressly provided herein, the guarantee herein set forth shall be binding upon GMAC and its respective successors. 5. Governing Law. This Limited Guaranty shall be governed by the laws of the State of New York. 6. Authorization and Reliance. GMAC understands that a copy of this Limited Guaranty shall be delivered to the Trustee in connection with the execution of Amendment No. 1 to the Servicing Agreement and GMAC hereby authorizes the Company and the Trustee to rely on the covenants and agreements set forth herein. 7. Definitions. Capitalized terms used but not otherwise defined herein shall have the meaning given them in the Servicing Agreement. 8. Counterparts. This Limited Guaranty may be executed in any number of counterparts, each of which shall be deemed to be an original and such counterparts shall constitute but one and the same instrument. 2 IN WITNESS WHEREOF, GMAC has caused this Limited Guaranty to be executed and delivered by its respective officers thereunto duly authorized as of the day and year first above written. GENERAL MOTORS ACCEPTANCE CORPORATION By: -------------------------------- Name: ------------------------------ Title: ----------------------------- Acknowledged by: ------------------, as Trustee By: ------------------------------------------------ Name: ---------------------------------------------- Title: --------------------------------------------- RESIDENTIAL ACCREDIT LOANS, INC. By: ------------------------------------------------ Name: ---------------------------------------------- Title: --------------------------------------------- 3 EXHIBIT M FORM OF LENDER CERTIFICATION FOR ASSIGNMENT OF MORTGAGE LOAN , 20 -------------------- -------- Residential Accredit Loans, Inc. 8400 Normandale Lake Boulevard Suite 250 Minneapolis, Minnesota 55437 ================== ------------------ Attention: Residential Funding Corporation Series ____-___ Re: Mortgage Asset-Backed Pass-Through Certificates, Series ____-___ Assignment of Mortgage Loan Ladies and Gentlemen: This letter is delivered to you in connection with the assignment by (the "Trustee") to (the "Lender") of (the "Mortgage Loan") pursuant to Section 3.13(d) of the Pooling and Servicing Agreement (the "Pooling and Servicing Agreement"), dated as of ___________ 1, ____ among Residential Accredit Loans, Inc., as seller (the "Company"), Residential Funding Corporation, as master servicer, and the Trustee. All terms used herein and not otherwise defined shall have the meanings set forth in the Pooling and Servicing Agreement. The Lender hereby certifies, represents and warrants to, and covenants with, the Master Servicer and the Trustee that: (i) the Mortgage Loan is secured by Mortgaged Property located in a jurisdiction in which an assignment in lieu of satisfaction is required to preserve lien priority, minimize or avoid mortgage recording taxes or otherwise comply with, or facilitate a refinancing under, the laws of such jurisdiction; (ii) the substance of the assignment is, and is intended to be, a refinancing of such Mortgage Loan and the form of the transaction is solely to comply with, or facilitate the transaction under, such local laws; (iii) the Mortgage Loan following the proposed assignment will be modified to have a rate of interest at least 0.25 percent below or above the rate of interest on such Mortgage Loan prior to such proposed assignment; and (iv) such assignment is at the request of the borrower under the related Mortgage Loan. Very truly yours, (Lender) By: --------------------------------- Name: ------------------------------- 1 EXHIBIT N FORM OF REQUEST FOR EXCHANGE [DATE] ================== ------------------ Re: Residential Accredit Loans, Inc., Mortgage Asset-Backed Pass-Through Certificates, Series ____-___ Residential Funding Corporation, as the Holder of a % Percentage Interest of the [Interest Only/Class A-V][-1] Certificates, hereby requests the Trustee to exchange the above-referenced Certificates for the Subclasses referred to below: 1. [Interest Only/Class A-V]- Certificates, corresponding to the following Uncertificated REMIC Regular Interests: [List numbers corresponding to the related loans and Pool Strip Rates from the Mortgage Loan Schedule]. The initial Subclass Notional Amount and the Initial Pass-Through Rate on the [Interest Only/Class A-V]- Certificates will be $ and %, respectively. 2. [Repeat as appropriate.] The Subclasses requested above will represent in the aggregate all of the Uncertificated REMIC Regular Interests represented by the [Interest Only/Class A-V][-1] Certificates surrendered for exchange. All capitalized terms used but not defined herein shall have the meanings set forth in the Pooling and Servicing Agreement, dated as of ___________ 1, ____, among Residential Accredit Loans, Inc., Residential Funding Corporation and __________________, as trustee. RESIDENTIAL FUNDING CORPORATION By: ------------------------------ Name: Title: 1 EXHIBIT O Form of Form 10-K Certification I, [identify the certifying individual], certify that: 1. I have reviewed the annual report on Form 10-K for the fiscal year [____], and all reports on Form 8-K containing distribution or servicing reports filed in respect of periods included in the year covered by that annual report, of the trust (the "Trust") created pursuant to the Series Supplement dated ___________________ to the Standard Terms of Pooling and Servicing Agreement dated ____________________ (together, the "P&S Agreement") among Residential Accredit Loans, Inc. (the "Company"), Residential Funding Corporation (the "Master Servicer") and [Name of Trustee] (the "Trustee"); 2. Based on my knowledge, the information in these reports, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading as of the last day of the period covered by this annual report; 3. Based on my knowledge, the servicing information required to be provided to the Trustee by the Master Servicer under the P&S Agreement for inclusion in these reports is included in these reports; 4. I am responsible for reviewing the activities performed by the Master Servicer under the P&S Agreement and based upon my knowledge and the annual compliance review required under the P&S Agreement, and, except as disclosed in the reports, the Master Servicer has fulfilled its obligations under the P&S Agreement; and 5. The reports disclose all significant deficiencies relating to the Master Servicer's compliance with the minimum servicing standards based upon the report provided by an independent public accountant, after conducting a review in compliance with the Uniform Single Attestation Program for Mortgage Bankers as set forth in the P&S Agreement, that is included in these reports. In giving the certifications above, I have reasonably relied on the information provided to me by the following unaffiliated parties: [the Trustee]. Date:_______________________ ____________________________* Name: Title: * to be signed by the senior officer in charge of the servicing functions of the Master Servicer EXHIBIT P [FORM OF BACK-UP CERTIFICATION TO FORM 10-K CERTIFICATE] The undersigned, a Responsible Officer of [_________] (the "Trustee") certifies that: (a) The Trustee has performed all of the duties specifically required to be performed by it pursuant to the provisions of the Pooling and Servicing Agreement dated as of [_________], 20[__] (the "Agreement") by and among [__________], as depositor, Residential Funding Corporation, as master servicer, and the Trustee in accordance with the standards set forth therein. (b) Based on my knowledge, the list of Certificateholders as shown on the Certificate Register as of the end of each calendar year that is provided by the Trustee pursuant to the Agreement is accurate as of the last day of the 20[__] calendar year. Capitalized terms used and not defined herein shall have the meanings given such terms in the Agreement. IN WITNESS WHEREOF, I have duly executed this certificate as of _________, 20__.] Name:______________________ Title: 1 EXHIBIT Q INFORMATION TO BE PROVIDED BY THE MASTER SERVICER TO THE RATING AGENCIES RELATING TO REPORTABLE MODIFIED MORTGAGE LOANS Account number Transaction Identifier Unpaid Principal Balance prior to Modification Next Due Date Monthly Principal and Interest Payment Total Servicing Advances Current Interest Rate Original Maturity Date Original Term to Maturity (Months) Remaining Term to Maturity (Months) Trial Modification Indicator Mortgagor Equity Contribution Total Servicer Advances Trial Modification Term (Months) Trial Modification Start Date Trial Modification End Date Trial Modification Period Principal and Interest Payment Trial Modification Interest Rate Trial Modification Term Rate Reduction Indicator Interest Rate Post Modification Rate Reduction Start Date Rate Reduction End Date Rate Reduction Term Term Modified Indicator Modified Amortization Period Modified Final Maturity Date Total Advances Written Off Unpaid Principal Balance Written Off Other Past Due Amounts Written Off Write Off Date Unpaid Principal Balance Post Write Off Capitalization Indicator Mortgagor Contribution Total Capitalized Amount Modification Close Date Unpaid Principal Balance Post Capitalization Modification Next Payment Due Date per Modification Plan Principal and Interest Payment Post Modification Interest Rate Post Modification Payment Made Post Capitalization Delinquency Status to Modification Plan 1