Application of Applied Realized Loss Amounts. On each Distribution Date, the Trustee shall allocate the Applied Realized Loss Amount to reduce the Class Certificate Balances of the Subordinated Certificates, sequentially, to the Class X-0, Xxxxx X-0, Class M-6, Class M-5, Class M-4, Class M-3, Class M-2 and Class M-1 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero. Thereafter, (i) if the aggregate Class Certificate Balance of the Group 1 Senior Certificates exceeds the aggregate Stated Principal Balance of the Group 1 Mortgage Loans, the amount of such excess will be applied to reduce the Class Certificate Balance of the Class 1-A-Certificates until its Class Certificate Balance has been reduced to zero, and (ii) if the aggregate Class Certificate Balance of the Group 2 Senior Certificates exceeds the aggregate Stated Principal Balance of the Group 2 Mortgage Loans, the amount of such excess will be applied to reduce the Class Certificate Balance of each Class of Group 2 Senior Certificates, on a pro rata basis according to their respective Class Certificate Balances, until the Class Certificate Balances of such Classes have been reduced to zero except that any amount allocated to the Class 2-A-2A Certificates will instead be allocated to the Class 2-A-2B Certificates, until its Class Certificate Balance is reduced to zero.

Application of Applied Realized Loss Amounts. On each Distribution Date, the Trust Administrator shall allocate any Applied Realized Loss Amount, first, to reduce the Class Principal Balances of the Class M-8, Class M-7, Class M-6, Class M-5, Class M-4, Class M-3, Class M-2 and Class M-1 Certificates, sequentially, in that order, in each case until their respective Class Principal Balances are reduced to zero and second, pro rata, to the Group 1 Certificates, Group 2 Certificates, Group 3 Certificates and Group 4 Certificates (a) to reduce the Class Principal Balances of the Class 1-A-3, Class 1-A-2 and Class 1-A-1 Certificates, in that order, until their respective Class Principal Balances are reduced to zero, (b) to reduce the Class Principal Balances of the Class 2-A-3, Class 2-A-2 and Class 2-A-1 Certificates, in that order, until their respective Class Principal Balances are reduced to zero, (c) to reduce the Class Principal Balances of the Class 3-A-2 and Class 3-A-1 Certificates, in that order, until their respective Class Principal Balances are reduced to zero, and (d) to reduce the Class Principal Balances of the Group 4 Certificates, sequentially, first, to the Class 4-A-2 Certificates, and second, to the Class 4-A-1A and Class 4-A-1B Certificates, pro rata based on Class Principal Balance, until their respective Class Principal Balances are reduced to zero.

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Application of Applied Realized Loss Amounts. On each Distribution Date, the Trustee shall allocate any Applied Realized Loss Amount, first, to reduce the Class Certificate Balances of the Class M-10, Class M-9, Class M-8, Class M-7, Class M-6, Class M-5, Class M-4, Class M-3, Class M-2 and Class M-1 Certificates, sequentially, in that order, until their respective Class Certificate Balances are reduced to zero and, second, to the Group 1 Senior Certificates and Group 2 Senior Certificates, pro rata, on the basis of the aggregate Class Certificate Balance of the related Senior Certificates, as follows: (a) with respect to the Group 1 Senior Certificates, sequentially, to the Class 1-A-2 and Class 1-A-1 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; and (b) with respect to the Group 2 Senior Certificates, sequentially, to the Class 2-A-3, Class 2-A-2 and Class 2-A-1 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero.

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Application of Applied Realized Loss Amounts. On each Distribution Date, the Trustee shall allocate the Applied Realized Loss Amount to reduce (i) the Class Certificate Balances of the Group II Subordinated Certificates, sequentially, to the Class 3-B, Class 3-M-3, Class 3-M-2 and Class 3-M-1 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero, and (ii) the Class Certificate Balance of each Class of Group II Senior Certificates, on a pro rata basis according to their respective Class Certificate Balances, until the respective Class Certificate Balances of such Classes have been reduced to zero, except that any amount otherwise allocated to the Class 3-A-4 Certificates will instead be allocated to the Class 3-A-5 Certificates, until its Class Certificate Balance is reduced to zero. Any Realized Losses that would otherwise be allocated to the Class 3-A-2 Certificates will be covered by, and result in a draw on, the Class 3-A-2 Policy.

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Application of Applied Realized Loss Amounts. On each Distribution Date, the Trust Administrator shall allocate any Group 1 Applied Realized Loss Amount, first, to reduce the Class Principal Balances of the Class 1-M5, Class 1-M4, Class 1-M3, Class 1-M2, Class 1-M1 and Class 1-A3 Certificates, sequentially, in that order, in each case until their respective Class Principal Balances are reduced to zero and second, concurrently, pro rata, to the Subgroup 1-1 Certificates and Subgroup 1-2 Certificates: (a) to reduce the Class Principal Balances of the Class 1-1A2 and Class 1-1A1 Certificates, in that order, until their respective Class Principal Balances are reduced to zero and (b) to reduce the Class Principal Balances of the Class 1-2A2 and Class 1-2A1 Certificates, in that order, until their respective Class Principal Balances are reduced to zero.

Application of Applied Realized Loss Amounts. On each Distribution Date, the Trustee shall allocate the Applied Realized Loss Amount to reduce the Class Certificate Balances of the Subordinated Certificates, sequentially, to the Class M-9, Class M-8, Class M-7, Class M-0, Xxxxx X-0, Class M-4, Class M-3, Class M-2 and Class M-1 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero. Thereafter, (i) if the aggregate Class Certificate Balance of the Group 1 Senior Certificates exceeds the aggregate Stated Principal Balance of the Group 1 Mortgage Loans, the amount of such excess will be applied to reduce the Class Certificate Balance of the Class 1-A-2 and Class 1-A-1 Certificates, in that order, until their respective Class Certificate Balances have been reduced to zero, and (ii) if the aggregate Class Certificate Balance of the Group 2 Senior Certificates exceeds the aggregate Stated Principal Balance of the Group 2 Mortgage Loans, the amount of such excess will be applied to reduce the Class Certificate Balance of each Class of Group 2 Senior Certificates, on a pro rata basis according to their respective Class Certificate Balances, until the Class Certificate Balances of such Classes have been reduced to zero.

Application of Applied Realized Loss Amounts. On each Distribution Date, the Trustee shall allocate the Applied Realized Loss Amount to reduce the Class Certificate Balances of the Senior (other than the Class A-R Certificates) and Subordinated Certificates in the following order: first, sequentially, to the Class M-6, Class M-5, Class M-4, Class X-0, Xxxxx X-0, Class M-1, Class A-3 and Class A-2 Certificates, in that order, and second concurrently, to the Class A-1-A, Class A-1-B and Class A-1-C Certificates, pro rata, in each case until the Class Certificate Balance of each such Class is reduced to zero.

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