Common use of Distributions Clause in Contracts

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may be: (i) to the Holders of REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP), in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of such remainder; (b) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainder; and (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6, respectively.

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may be: (i) to the Holders of REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP), in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 LT7 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 LT7 Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below): (a) the Holders of the REMIC I Regular Interest I-LTP, on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter until $100 has been distributed pursuant to this clause; (b) to the Holders of the REMIC I Regular Interest I-LT1, 98.00____% of the amount remaining after application of clause (a), until the Uncertificated Balance of such remainderREMIC I Regular Interest is reduced to zero and any remaining amount to the Holders of the Class R-I Certificates; (bc) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 LT4, REMIC I Regular Interest I-LT5 and REMIC I Regular Interest I-LT5LT6, 1.00____% of such remainderthe amount remaining after application of clause (a), in the same proportion as principal payments are allocated to the related Corresponding Certificates; (c) , until the Uncertificated Balances of such REMIC I Regular Interests are reduced to zero and any remaining amount to the Holders of the REMIC Class R-I Regular Interest I-LT6, 1.00% of such remainderCertificates; and (d) to the Holders of the REMIC I Regular Interest I-LTPLT7, $100 on the Distribution Date immediately following the expiration ____% of the latest Prepayment Charge term as identified on amount remaining after application of clause (a), until the Mortgage Loan Schedule or Uncertificated Balance of such REMIC I Regular Interest is reduced to zero and any Distribution Date thereafterremaining amount to the Holders of the Class R-I Certificates; provided, however, that 98.00_____% and 2.00_____% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6LT7, respectively.

Distributions. (a) (1)(A1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Certificate Account and distributed to the holders of the Class R-I CertificatesInterest, as the case may be: (i) first, to the Holders of REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP)LTAA, REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTA3, REMIC I Regular Interest I-LTA4, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9, REMIC I Regular Interest I-LTM10 and REMIC I Regular Interest I-LTZZ, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 LTZZ shall be reduced when the sum of the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 LTZZ Uncertificated Interest Deferral Amount; andAmount and such amounts will be payable to the Holders of REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTA3, REMIC I Regular Interest I-LTA4, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9, REMIC Regular Interest I-LTM10 in the same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Certificates and the Uncertificated Balance of REMIC I Regular Interest I-LTZZ shall be increased by such amount; (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Datesecond, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below):follows: (a) 98.00% of such remainder (less the amount payable in clause (e) below), to the Holders of the REMIC I Regular Interest I-LT1LTAA, 98.00% until the Uncertificated Balance of such remainder; (b) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in the same proportion as principal payments are allocated is reduced to the Corresponding Certificateszero; (c) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainder; and (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6, respectively.

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-I CertificatesInterest), as the case may be: With respect to the Group I Mortgage Loans: (i1) to the Holders of REMIC I Regular Interests (other than Interest I, and each of REMIC I Regular Interest II-1-LTP)A through I-52-B, PRO RATA, in an amount equal to (A) the Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates. On . (2) to the first Distribution Dateextent of amounts remaining after the distributions made pursuant to clause (i) above, the Class R-I Certificates payments of principal shall be entitled allocated as follows: first, to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I, then to REMIC I Regular interests I-1-LT6 A through I-52-B starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such payments of principal shall be reduced when the allocated PRO RATA between such REMIC I Overcollateralized Amount Regular Interests, and second, to the extent of the product of (a) any Overcollateralization Reduction Amounts multiplied by (b) a fraction, the numerator of which is less than the aggregate Scheduled Principal Balance of the Group I Mortgage Loans and the denominator of which is the aggregate Scheduled Principal Balance of the Mortgage Loans, to REMIC I Required Overcollateralized Amount, by Regular Interest I until the lesser of (x) the amount Uncertificated Balance of such difference and (y) the Maximum I-LT6 Uncertificated REMIC I Regular Interest Deferral Amountis reduced to zero; and (ii3) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular InterestsInterest I-52-B, (A) all amounts representing Prepayment Charges in an amount equal to the remainder respect of the Available Distribution Amount for such Distribution Date after Group I Mortgage Loans received during the distributions made pursuant to clauses (i) related Prepayment Period and (ii)(xB) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of such remainder; (b) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainder; and (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Prepayment Charge Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% thereafter until $100 has been distributed pursuant to this clause. The payment of any principal payments that are attributable the foregoing amounts to a Overcollateralization Reduction Amount shall be allocated to the Holders of the REMIC I Regular Interest II-52-LT1 and B shall not reduce the Uncertificated Balance thereof. With respect to the Group II Mortgage Loans: (1) to Holders of REMIC I Regular Interest III and each of REMIC I Regular Interest II-1-LT6A through II-52-B, respectivelyPRO RATA, in an amount equal to (A) Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates. to the extent of amounts remaining after the distributions made pursuant to clause (i) above, payments of principal shall be allocated as follows: first, to REMIC I Regular Interest II, then to REMIC I Regular Interest II-1-A through II-52-B starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such payments of principal shall be allocated PRO RATA between such REMIC I Regular Interests, and second, to the extent of the product of (a) any Overcollateralization Reduction Amounts multiplied by (b) a fraction, the numerator of which is the aggregate Scheduled Principal Balance of the Group I Mortgage Loans and the denominator of which is the aggregate Scheduled Principal Balance of the Mortgage Loans, to REMIC I Regular Interest I until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero. On each Distribution Date, all amounts representing Prepayment Charges in respect of the Group II Mortgage Loans received during the related Prepayment Period shall be distributed by REMIC I to the Holders of REMIC I Regular Interest II-52-B. The payment of the foregoing amounts to the Holders of REMIC I Regular Interest II-52-B shall not reduce the Uncertificated Balance thereof. (b) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC II Regular Interests and distributed to the Holders of the Class R Certificates (in respect of the Class R-II Interest), as the case may be:

Distributions. (a) (1)(A) On each Distribution Date, the Trustee, will first distribute the Prepayment Charges collected on the Group I Mortgage Loans and on the Group II Mortgage Loans during the prior Prepayment Period to the Holders of the Class P Certificates. After making that distribution, the Trustee shall (based solely on the information provided to the Trustee by the Servicer pursuant to Section 3.23 hereof) withdraw from the Distribution Account that portion of Available Funds for such Distribution Date consisting of the Interest Remittance Amount for such Distribution Date, and make the following amountsdisbursements and transfers in the order of priority described below, in each case to the extent of the Interest Remittance Amount remaining for such Distribution Date: (i) On each Distribution Date, the Trustee, will distribute, pro rata from the Group I Interest Remittance Amount, the Group II Interest Remittance Amount, the Trustee Fee and the Custodian Fee which is due on that Distribution Date to the Trustee and Custodian respectively. After making that distribution, the Trustee will then apply the remaining Interest Remittance Amount to the payment of interest then due on the certificates in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may be: (iA) first, on each Distribution Date on or prior to the Holders of REMIC Class I Regular Interests (other than REMIC I Regular Interest I-LTP), in an amount equal to (A) the Uncertificated Interest for such Distribution Termination Date, plus (B) any amounts in respect thereof remaining unpaid payable from previous Distribution Dates. On the first Distribution Date, Group I Interest Remittance Amount and the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Group II Interest in respect of REMIC I Regular Interest I-LT6 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Remittance Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Class I Monthly Interest Distributable Amount; (B) second, concurrently, with equal priority of payment: (I) payable solely from the remaining Group I Interest Remittance Amount for that Distribution Date and, to the extent that such remaining Group I Interest Remittance Amount is less than the sum of the amounts listed in this Section 4.01(a)(i)(B)(I), also from the Group II Interest Cross Collateralization Amount, the following amounts in the following order of priority: first, to pay any current or previously unpaid insurer premiums due to the Class A-1 Insurer; second, to pay the Monthly Interest Distributable Amount for the Class A-1 Certificates; and third, to pay any unreimbursed draws on the Class A-1 Certificate Insurance Policy in respect of interest and other amounts (other than unreimbursed principal policy draws) due under the Insurance Agreement to the Class A-1 Insurer; and (II) payable solely from the remaining Group II Interest Remittance Amount for that Distribution Date and, to the extent that such remaining Group II Interest Remittance Amount is less than the related Monthly Interest Distributable Amount for the Group II Class A Certificates, also from the Group I Interest Cross Collateralization Amount, to the Holders of each class of the Group II Class A Certificates, the Monthly Interest Distributable Amount for the Group II Class A Certificates, pro rata based on the amount of interest each such class is otherwise entitled to on that date; and (C) third, payable from the remaining Group I Interest Remittance Amount and the remaining Group II Interest Remittance Amount, to the Holders of the Class M-1 Certificates, the Monthly Interest Distributable Amount for the Class M-1 Certificates; (D) fourth, payable from the remaining Group I Interest Remittance Amount and the remaining Group II Interest Remittance Amount, to the Holders of the Class M-2 Certificates, the Monthly Interest Distributable Amount for the Class M-2 Certificates; (E) fifth, payable from the remaining Group I Interest Remittance Amount and the remaining Group II Interest Remittance Amount, to the Holders of the Class M-3 Certificates, the Monthly Interest Distributable Amount for the Class M-3 Certificates; (F) sixth, payable from the remaining Group I Interest Remittance Amount and the remaining Group II Interest Remittance Amount, to the Holders of the Class M-4 Certificates, the Monthly Interest Distributable Amount for the Class M-4 Certificates; (G) seventh, payable from the remaining Group I Interest Remittance Amount and the remaining Group II Interest Remittance Amount, to the Holders of the Class M-5 Certificates, the Monthly Interest Distributable Amount for the Class M-5 Certificates; (H) eighth, payable from the remaining Group I Interest Remittance Amount and the remaining Group II Interest Remittance Amount, to the Holders of the Class B-1 Certificates, the Monthly Interest Distributable Amount for the Class B-1 Certificates; (I) ninth, payable from the remaining Group I Interest Remittance Amount and the remaining Group II Interest Remittance Amount, to the Holders of the Class B-2 Certificates, the Monthly Interest Distributable Amount for the Class B-2 Certificates; (J) tenth, payable from the remaining Group I Interest Remittance Amount and the remaining Group II Interest Remittance Amount, to the Holders of the Class B-3 Certificates, the Monthly Interest Distributable Amount for the Class B-3 Certificates; (K) eleventh, payable from the remaining Group I Interest Remittance Amount and the remaining Group II Interest Remittance Amount, to the Holders of the Class X Certificates for the benefit of Supplemental Interest Trust I, the Mortgage Excess Cashflow (net of any amounts distributed pursuant to Section 4.04(d)(i)), to be distributed pursuant to Section 4.04(d)(ii); and (L) twelfth, payable from the remaining Group I Interest Remittance Amount and the remaining Group II Interest Remittance Amount, to the Holders of the Class R Certificates, any remainder. (ii) On each Distribution Date (a) prior to the Crossover Date or (b) on which a Trigger Event is in effect, the Trustee, shall (based solely on the information provided to the Trustee by the Servicer pursuant to Section 3.23 hereof) withdraw from the Distribution Account that portion of the Available Funds for such Distribution Date consisting of the Group I Principal Distribution Amount and Group II Principal Distribution Amount and make the following disbursements and transfers in the order of priority described below: (A) first, concurrently, with equal priority of payment: (I) payable solely from the Group I Principal Distribution Amount, plus, to the extent that such amounts are insufficient, the applicable Group II Principal Cross Collateralization Amount, the following amounts and order of priority: first, to the Holders of the Class A-1 Certificates, until the Certificate Principal Balance of the Class A-1 Certificates has been reduced to zero; and second, to the Class A-1 Insurer, to pay any unreimbursed draws on the Class A-1 Certificate Insurance Policy in respect of interest or principal, and other amounts due to it under the Insurance Agreement; (II) payable solely from the Group II Principal Distribution Amount, plus, to the extent that such amounts are insufficient, the applicable Group I Principal Cross Collateralization Amount, if any, to the Holders of the Group II Class A Certificates, until the aggregate Certificate Principal Balance of the Group II Class A Certificates has been reduced to zero (except that on the Class P Principal Distribution Date, the Certificate Principal Balance thereof of the Class P Certificates shall first be paid from the Group II Principal Distribution Amount to the Holders of the Class P Certificates); (B) second, payable from the remaining Group I Principal Distribution Amount and (y) on each the remaining Group II Principal Distribution DateAmount, to the Holders of REMIC I Regular Intereststhe Class M-1 Certificates, in an the entire remaining amount equal to the remainder of the Available Principal Distribution Amount for such Distribution Date after until the distributions made pursuant Certificate Principal Balance of the Class M-1 Certificates has been reduced to clauses (i) and (ii)(x) above, allocated as follows (except as provided below):zero; (aC) third, payable from the remaining Group I Principal Distribution Amount and the remaining Group II Principal Distribution Amount, to the Holders of the REMIC I Regular Interest I-LT1Class M-2 Certificates, 98.00% the entire remaining amount of such remainderthe Principal Distribution Amount until the Certificate Principal Balance of the Class M-2 Certificates has been reduced to zero; (bD) fourth, payable from the remaining Group I Principal Distribution Amount and the remaining Group II Principal Distribution Amount, to the Holders of the REMIC I Regular Interest I-LT2Class M-3 Certificates, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% the entire remaining amount of such remainder, in the same proportion as principal payments are allocated Principal Distribution Amount until the Certificate Principal Balance of the Class M-3 Certificates has been reduced to the Corresponding Certificateszero; (cE) fifth, payable from the remaining Group I Principal Distribution Amount and the remaining Group II Principal Distribution Amount, to the Holders of the REMIC I Regular Interest I-LT6Class M-4 Certificates, 1.00% the entire remaining amount of such remainder; andthe Principal Distribution Amount until the Certificate Principal Balance of the Class M-4 Certificates has been reduced to zero; (dF) sixth, payable from the remaining Group I Principal Distribution Amount and the remaining Group II Principal Distribution Amount, to the Holders of the REMIC I Regular Interest I-LTPClass M-5 Certificates, $100 on the Distribution Date immediately following the expiration entire remaining amount of the latest Prepayment Charge term as identified on Principal Distribution Amount until the Mortgage Loan Schedule or any Certificate Principal Balance of the Class M-5 Certificates has been reduced to zero; (G) seventh, payable from the remaining Group I Principal Distribution Date thereafter; providedAmount and the remaining Group II Principal Distribution Amount, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to the Holders of the REMIC Class B-1 Certificates, the entire remaining amount of the Principal Distribution Amount until the Certificate Principal Balance of the Class B-1 Certificates has been reduced to zero; (H) eighth, payable from the remaining Group I Regular Principal Distribution Amount and the remaining Group II Principal Distribution Amount, to the Holders of the Class B-2 Certificates, the entire remaining amount of the Principal Distribution Amount until the Certificate Principal Balance of the Class B-2 Certificates has been reduced to zero; (I) ninth, payable from the remaining Group I Principal Distribution Amount and the remaining Group II Principal Distribution Amount, to the Holders of the Class B-3 Certificates, the entire remaining amount of the Principal Distribution Amount until the Certificate Principal Balance of the Class B-3 Certificates has been reduced to zero; (J) tenth, payable from the remaining Group I Principal Distribution Amount and the remaining Group II Principal Distribution Amount, to the Trustee and the Custodian, pro rata, any amounts owed to them under the Basic Documents remaining unpaid; (K) eleventh, payable from the remaining Group I Principal Distribution Amount and the remaining Group II Principal Distribution Amount, to the Servicer, the amount of any reimbursement of indemnification owed to it by the Trust pursuant to Section 6.03 hereof; (L) twelfth, payable from the remaining Group I Principal Distribution Amount and the remaining Group II Principal Distribution Amount, and any remaining Available Funds relating to principal, to the Holders of the Class O Certificates, for the benefit of Supplemental Interest Trust I-LT1 , the entire remaining Principal Distribution Amount plus any remaining Overcollateralization Release Amount until the Certificate Principal Balance of the Class O Certificates has been paid; and (M) thirteenth, payable from the remaining Group I Principal Distribution Amount and REMIC the remaining Group II Principal Distribution Amount, and any remaining Available Funds relating to principal, to the Holders of the Class X Certificates, for the benefit of Supplemental Interest Trust I, any remaining Overcollateralization Release Amount; and (N) fourteenth, payable from the remaining Group I Regular Principal Distribution Amount and the remaining Group II Principal Distribution Amount, to the Holders of the Class R Certificates, for the benefit of Supplemental Interest Trust I-LT6, respectivelyany remainder. (iii) On each Distribution Date (a) on or after the Crossover Date and (b) on which a Trigger Event is not in effect, the Trustee, shall (based solely on the information provided to the Trustee by the Servicer pursuant to Section 3.23 hereof) withdraw from the Distribution Account that portion of the Available Funds for such Distribution Date consisting of the Group I Principal Distribution Amount and Group II Principal Distribution Amount and make the following disbursements and transfers in the order of priority described below: (A) first, concurrently, with equal priority of payment: (I) payable solely from the Group I Principal Distribution Amount, plus, to the extent that such amounts are insufficient, the applicable Group II Principal Cross Collateralization Amount, the following amounts and order of priority: first, to the Holders of the Class A-1 Certificates, the Class A-1 Principal Distribution Amount until the Certificate Principal Balance of the Class A-1 Certificates has been reduced to zero; and second, to the Class A-1 Insurer, to pay any unreimbursed draws on the Class A-1 Certificate Insurance Policy in respect of interest or principal, and other amounts due to it under the Insurance Agreement; (II) payable solely from the Group II Principal Distribution Amount, plus, to the extent that such amounts are insufficient, the applicable Group I Principal Cross Collateralization Amount, if any, to the Holders of the Group II Class A Certificates, the Group II Certificate Principal Distribution Amount, until the aggregate Certificate Principal Balance of the Group II Class A Certificates has been reduced to zero (except that on the Class P Principal Distribution Date, the Certificate Principal Balance of the Class P Certificates shall first be paid from the Group II Principal Distribution Amount to the Holders of the Class P Certificates); (B) second, payable from the remaining Group I Principal Distribution Amount and the remaining Group II Principal Distribution Amount, to the Holders of the Class M-1 Certificates, the Class M-1 Principal Distribution Amount, until the Certificate Principal Balance of the Class M-1 Certificates has been reduced to zero; (C) third, payable from the remaining Group I Principal Distribution Amount and the remaining Group II Principal Distribution Amount, to the Holders of the Class M-2 Certificates, the Class M-2 Principal Distribution Amount, until the Certificate Principal Balance of the Class M-2 Certificates has been reduced to zero; (D) fourth, payable from the remaining Group I Principal Distribution Amount and the remaining Group II Principal Distribution Amount, to the Holders of the Class M-3 Certificates, the Class M-3 Principal Distribution Amount, until the Certificate Principal Balance of the Class M-3 Certificates has been reduced to zero; (E) fifth, payable from the remaining Group I Principal Distribution Amount and the remaining Group II Principal Distribution Amount, to the Holders of the Class M-4 Certificates, the Class M-4 Principal Distribution Amount, until the Certificate Principal Balance of the Class M-4 Certificates has been reduced to zero; (F) sixth, payable from the remaining Group I Principal Distribution Amount and the remaining Group II Principal Distribution Amount, to the Holders of the Class M-5 Certificates, the Class M-5 Principal Distribution Amount, until the Certificate Principal Balance of the Class M-5 Certificates has been reduced to zero; (G) seventh, payable from the remaining Group I Principal Distribution Amount and the remaining Group II Principal Distribution Amount, to the Holders of the Class B-1 Certificates, the Class B-1 Principal Distribution Amount, until the Certificate Principal Balance of the Class B-1 Certificates has been reduced to zero; (H) eighth, payable from the remaining Group I Principal Distribution Amount and the remaining Group II Principal Distribution Amount, to the Holders of the Class B-2 Certificates, the Class B-2 Principal Distribution Amount, until the Certificate Principal Balance of the Class B-2 Certificates has been reduced to zero; (I) ninth, payable from the remaining Group I Principal Distribution Amount and the remaining Group II Principal Distribution Amount, to the Holders of the Class B-3 Certificates, the Class B-3 Principal Distribution Amount, until the Certificate Principal Balance of the Class B-3 Certificates has been reduced to zero; (J) tenth, payable from the remaining Group I Principal Distribution Amount and the remaining Group II Principal Distribution Amount, to the Trustee and the Custodian, pro rata, any amounts owed to them under the Basic Documents remaining unpaid; (K) eleventh, payable from the remaining Group I Principal Distribution Amount and the remai

Distributions. (a) (1)(AA) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may be: (i) to the Holders of REMIC I Regular Interests (other than REMIC I Regular Interest I-LTA and I-LTP), in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; and; (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of such remainder; (b) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainder; and (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafterthereafter until $[_________] has been distributed pursuant to this clause; (iii) on each Distribution Date, the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clause (i) and clause (ii) above to the Holders of REMIC I Regular Interest I-LTA until the Uncertificated Balance of REMIC I Regular Interest I-LTA is reduced to zero; and (iv) to the Holders of the Class R-I Certificates, any amounts remaining after the distributions pursuant to clauses (i) through (iii) above. On each Distribution Date, all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period will be distributed by REMIC I to the Holders of REMIC I Regular Interest I-LTP. The payment of the foregoing amounts to the Holders of REMIC I Regular Interest I-LTP shall not reduce the Uncertificated Balance thereof. (B) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC II to REMIC III on account of the REMIC II Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-II Certificates, as the case may be: (i) first, to the Holders of REMIC II Regular Interest II-LTIO, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates and then to Holders of REMIC II Regular Interest II-LTAA, REMIC Regular Interest II-LTA, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTZZ and REMIC II Regular Interest II-LTP, pro rata, in an amount equal to (A) the Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. Amounts payable as Uncertificated Interest in respect of REMIC II Regular Interest II-LTZZ shall be reduced when the REMIC II Overcollateralization Amount is less than the REMIC II Required Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the Maximum II-LTZZ Uncertificated Interest Deferral Amount and such amount will be payable to the Holders of REMIC II Regular Interest II-LTA, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3 and REMIC II Regular Interest II-LTM3 in the same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Certificates; (ii) second, to the Holders of REMIC II Regular Interests, in an amount equal to the remainder of the Available Funds for such Distribution Date after the distributions made pursuant to clause (i) above, allocated as follows: (a) to the Holders of REMIC II Regular Interest II-LTAA, [______]% of such remainder, until the Uncertificated Balance of such Uncertificated REMIC II Regular Interest is reduced to zero; (b) to the Holders of REMIC II Regular Interest II-LTA, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3 and REMIC II Regular Interest II-LTM4, [______]% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Balances of such REMIC II Regular Interests are reduced to zero; (c) to the Holders of REMIC II Regular Interest II-LTZZ, [______]% of such remainder, until the Uncertificated Balance of such REMIC II Regular Interest is reduced to zero; (d) to the Holders of REMIC II Regular Interest II-LTP, on the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter until $[_________] has been distributed pursuant to this clause; then (e) any remaining amount to the Holders of the Class R-II Certificates; and (iii) third, to REMIC II Regular Interest II-LTP, [______]% of the amount paid in respect of REMIC I Regular Interest I-LTP; provided, however, that 98.00[______]% and 2.00[______]% of any principal payments that are attributable to a an Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I II Regular Interest III-LT1 LTAA and REMIC I II Regular Interest III-LT6LTZZ, respectively.

Distributions. (a) (1)(A1)(I) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-I CertificatesInterest), as the case may be: (i) With respect to the Group I Mortgage Loans: (1) to the Holders of REMIC I Regular Interests (other than Interest I-LT1, REMIC I Regular Interest I-LTP), LT1PF and REMIC I Regular Interest I-LTP in an amount equal to (A) the Uncertificated Interest for each REMIC I Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; and; (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below): (a2) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of such remainder; (b) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainder; and (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Prepayment Charge Schedule or any Distribution Date thereafterthereafter until $100 has been distributed pursuant to this clause; provided, however, that 98.00% and 2.00% of any principal payments that are attributable and (3) to a Overcollateralization Reduction Amount shall be allocated to the Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6LT1PF, respectivelyin an amount equal to the remainder of the Available Funds for such Distribution Date after the distributions made pursuant to clause (i) above, allocated as follows: (a) to the Holders of REMIC I Regular Interest I-LT1, until the Uncertificated Balance of REMIC I Regular Interest I-LT1 is reduced to zero; (b) to the Holders of REMIC I Regular Interest I-LT1PF, until the Uncertificated Balance of REMIC I Regular Interest I-LT1PF is reduced to zero; and (c) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-I Interest); provided, however, that for the first three Distribution Dates, such amounts relating to the Initial Group I Mortgage Loans shall be allocated to REMIC I Regular Interest I-LT1 and such amounts relating to the Subsequent Group I Mortgage Loans shall be allocated to REMIC I Regular Interest I-LT1PF. (ii) With respect to the Group II Mortgage Loans: (1) to the Holders of REMIC Regular Interest I-LT2 and REMIC I Regular Interest I-LT2PF in an amount equal to (A) the Uncertificated Interest for each REMIC I Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates; and (2) to the Holders of REMIC I Regular Interest I-LT2 and REMIC I Regular Interest I-LT2PF, in an amount equal to the remainder of the Available Funds for such Distribution Date after the distributions made pursuant to clause (i) above, allocated as follows: (a) to the Holders of REMIC I Regular Interest I-LT2, until the Uncertificated Balance of REMIC I Regular Interest I-LT2 is reduced to zero; (b) to the Holders of REMIC I Regular Interest I-LT2PF, until the Uncertificated Balance of REMIC I Regular Interest I-LT2PF is reduced to zero; and (c) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-I Interest); provided, however, that for the first three Distribution Dates, such amounts relating to the Initial Group II Mortgage Loans shall be allocated to REMIC I Regular Interest I-LT2 and such amounts relating to the Subsequent Group II Mortgage Loans shall be allocated to REMIC I Regular Interest I-LT2PF. On each Distribution Date, all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period shall be distributed by REMIC I to the Holders of the REMIC I Regular Interest P. The payment of the foregoing amounts to the Holders of the REMIC I Regular Interest P shall not reduce the Uncertificated Balance thereof.

Distributions. (a) (1)(A1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-I CertificatesInterest), as the case may be: (i) to the Holders of REMIC I Regular Interests (other than Interest I-LTAA, REMIC I Regular Interest I-LTP)LTA1A, REMIC I Regular Interest I-LTA1F, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTA3, REMIC I Regular Interest I-LTA4, REMIC I Regular Interest I-LTA4W, REMIC I Regular Interest I-LTA5, REMIC I Regular Interest I-LTA5W, REMIC I Regular Interest I-LTA6, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9, REMIC I Regular Interest I-LTB1, REMIC I Regular Interest I-LTB2 and REMIC I Regular Interest I-LTZZ, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 LTZZ shall be reduced when the sum of the REMIC I Overcollateralized Overcollateralization Amount is less than the REMIC I Required Overcollateralized Overcollateralization Target Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 LTZZ Uncertificated Interest Deferral AmountAmount and such amounts will be payable to the Holders of REMIC I REMIC I Regular Interest I-LTA1A, REMIC I Regular Interest I-LTA1F, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTA3, REMIC I Regular Interest I-LTA4, REMIC I Regular Interest I-LTA4W, REMIC I Regular Interest I-LTA5, REMIC I Regular Interest I-LTA5W, REMIC I Regular Interest I-LTA6, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9, REMIC I Regular Interest I-LTB1 and REMIC I Regular Interest I-LTB2 in the same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Certificates and the Uncertificated Balance of REMIC I Regular Interest I-LTZZ shall be increased by such amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below):follows: (a) 98.00% of such remainder (less the amount payable in clause (c) below) to the Holders of the REMIC I Regular Interest I-LT1LTAA, 98.00% until the Uncertificated Balance of such remainderREMIC I Regular Interest is reduced to zero; (b) 2.00% of such remainder first, to the Holders of the REMIC I Regular Interest I-LT2LTA1A, REMIC I Regular Interest I-LT3LTA1F, REMIC I Regular Interest I-LT4 LTA2, REMIC I Regular Interest I-LTA3, REMIC I Regular Interest I-LTA4, REMIC I Regular Interest I-LTA4W, REMIC I Regular Interest I-LTA5, REMIC I Regular Interest I-LTA5W, REMIC I Regular Interest I-LTA6, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9, REMIC I Regular Interest I-LTB1 and REMIC I Regular Interest I-LT5, 1.00% of such remainderLTB2, in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Balances of such REMIC I Regular Interests are reduced to zero and second, to the Holders of REMIC I Regular Interest I-LTZZ, until the Uncertificated l Balance of such REMIC I Regular Interest is reduced to zero; (c) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainder; and (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Prepayment Charge Schedule or any Distribution Date thereafterthereafter until $100 has been distributed pursuant to this clause; and (d) any remaining amount to the Holders of the Class R Certificates (as Holder of the Class R-I Interest); provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a an Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT6LTZZ, respectively. Notwithstanding the distributions pursuant to this Section 4.01(1), distribution of funds shall conform to the distributions made pursuant to Section 4.01(2), (3) and (4). (2) On each Distribution Date, the Trustee shall withdraw from the Distribution Account an amount equal to the Interest Remittance Amount and distribute to the Certificateholders the following amounts, in the following order of priority: (i) concurrently, (a) to the Holders of the Class A Certificates, on a pro rata basis based on the entitlement of each such Class, an amount equal to the Senior Interest Distribution Amount allocable to such Certificates and (b) to the Certificate Insurer, the amount owing to the Certificate Insurer for the Certificate Insurer Premium, including any unpaid Certificate Insurer Premium due on a prior Distribution Date; (ii) to the Certificate Insurer, the Reimbursement Amount for such Distribution Date; and (iii) sequentially, to the Holders of the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class B-1 and Class B-2 Certificates, in that order, an amount equal to the Interest Distribution Amount allocable to each such Class. On each Distribution Date, (i) to the extent that the Certificate Insurer has made a payment of interest with respect to the Insured Certificates, the Certificate Insurer will be entitled to receive as subrogee the Interest Carry Forward Amount with respect to such payment, and (ii) to the extent that the Certificate Insurer has made a payment with respect to principal of the Insured Certificates for which the Certificate Insurer has not been reimbursed as subrogee, the Certificate Insurer will be entitled to receive as subrogee the Senior Interest Distribution Amount with respect to such principal payment. (3) (I) On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, the Principal Distribution Amount shall be distributed in the following order of priority: (i) to the Holders of the Class A Certificates (allocated among the Class A Certificates in the priority described below), until the Certificate Principal Balances thereof have been reduced to zero; (ii) to the Certificate Insurer, the Reimbursement Amount for such Distribution Date to the extent not paid pursuant to Section 4.01(a)(2)(ii); and (iii) sequentially to the Holders of the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class B-1 and Class B-2 Certificates, until the Certificate Principal Balance of each such Class has been reduced to zero.

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may be: (i) to the Holders of REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP), in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 LT7 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 LT7 Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LT1LTP, 98.00% on the Distribution Date immediately following the expiration of such remainderthe latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter until $100 has been distributed pursuant to this clause; (b) to the Holders of the REMIC I Regular Interest I-LT1, ____% of the amount remaining after application of clause (a), until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero and any remaining amount to the Holders of the Class R-I Certificates; (c) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 LT4, REMIC I Regular Interest I-LT5 and REMIC I Regular Interest I-LT5LT6, 1.00____% of such remainderthe amount remaining after application of clause (a), in the same proportion as principal payments are allocated to the related Corresponding Certificates; (c) , until the Uncertificated Balances of such REMIC I Regular Interests are reduced to zero and any remaining amount to the Holders of the REMIC Class R-I Regular Interest I-LT6, 1.00% of such remainderCertificates; and (d) to the Holders of the REMIC I Regular Interest I-LTPLT7, $100 on the Distribution Date immediately following the expiration ____% of the latest Prepayment Charge term as identified on amount remaining after application of clause (a), until the Mortgage Loan Schedule or Uncertificated Balance of such REMIC I Regular Interest is reduced to zero and any Distribution Date thereafterremaining amount to the Holders of the Class R-I Certificates; provided, however, that 98.00_____% and 2.00_____% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6LT7, respectively.

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests and distributed to the holders of the Class R Certificates (in respect of the Class R-I Interest), as the case may be: (1) With respect to the Group I Mortgage Loans: (i) to Holders of REMIC I Regular Interest I, and each of REMIC I Regular Interest I-1-A through I-46-B, pro rata, in an amount equal to (A) Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates; (ii) to the extent of amounts remaining after the distributions made pursuant to clause (i) above, to the Holders of REMIC I Regular Interest I, an amount of principal shall be distributed to such Holders until the Uncertificated Balance of REMIC I Regular Interest I is reduced to zero; and (iii) to the extent of amounts remaining after the distributions made pursuant to clause (i) and (ii) above, payments of principal shall be allocated to REMIC I Regular interests I-1-A through I-46-B starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such payments of principal shall be allocated pro rata between such REMIC I Regular Interests. (2) With respect to the Group II Mortgage Loans: (i) to Holders of REMIC I Regular Interest II and each of REMIC I Regular Interest II-1-A through II-46-B, pro rata, in an amount equal to (A) Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates. (ii) to the extent of amounts remaining after the distributions made pursuant to clause (i) above, to the Holders of REMIC I Regular Interest II, an amount of principal shall be distributed to such Holders until the Uncertificated Balance of REMIC I Regular Interest II is reduced to zero; and (iii) to the extent of amounts remaining after the distributions made pursuant to clause (i) and (ii) above, payments of principal shall be allocated to REMIC I Regular interests II-1-A through II-46-B starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such payments of principal shall be allocated pro rata between such REMIC I Regular Interests. (b) to the Holders of REMIC I Regular Interest P, (A) all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period and (B) on the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter until $100 has been distributed pursuant to this clause. (1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC II to REMIC III on account of the REMIC II Regular Interests or withdrawn from the Distribution Account and distributed to the holders Holders of the Class R Certificates (in respect of the Class R-I CertificatesII Interest), as the case may be: (i) first to the Holders of REMIC I Regular Interests (other than REMIC I II Regular Interest I-LTP)IO, in an amount equal to (A) Uncertificated Interest for such REMIC II Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates and second, to the Holders of REMIC II Regular Interest AA, REMIC II Regular Interest A-1, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-2D, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, REMIC II Regular Interest M-3, REMIC II Regular Interest M-4, REMIC II Regular Interest M-5, REMIC II Regular Interest M-6, REMIC II Regular Interest M-7, REMIC II Regular Interest M-8, REMIC II Regular Interest M-9, REMIC II Regular Interest M-10, REMIC II Regular Interest M-11 and REMIC II Regular Interest ZZ, pro rata, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I II Regular Interest I-LT6 ZZ shall be reduced when the REMIC I Overcollateralized II Overcollateralization Amount is less than the REMIC I II Required Overcollateralized Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 ZZ Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof Amount and (y) on each Distribution Date, such amount will be payable to the Holders of REMIC I II Regular Interest A-1, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-2D, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, REMIC II Regular Interest M-3, REMIC II Regular Interest M-4, REMIC II Regular Interest M-5, REMIC II Regular Interest M-6, REMIC II Regular Interest M-7, REMIC II Regular Interest M-8, REMIC II Regular Interest M-9, REMIC II Regular Interest M-10 and REMIC II Regular Interest M-11 in the same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Certificates and the Uncertificated Balance of REMIC II Regular Interest ZZ shall be increased by such amount; (ii) to Holders of REMIC II Regular Interest I-SUB, REMIC II Regular Interest I-GRP, REMIC II Regular Interest II-SUB, REMIC II Regular Interest II-GRP, and REMIC II Regular Interest XX, pro rata, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates; (iii) to the Holders of REMIC II Regular Interests, in an amount equal to the remainder of the Available Distribution Amount REMIC II Marker Allocation Percentage of the available funds for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below):follows: (aA) 98.00% of such remainder to the Holders of the REMIC I II Regular Interest I-LT1AA, 98.00% until the Uncertificated Balance of such remainderREMIC II Regular Interest is reduced to zero; (bB) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.002.00% of such remainder, first, to the Holders of REMIC II Regular Interest A-1, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-2D, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, REMIC II Regular Interest M-3, REMIC II Regular Interest M-4, REMIC II Regular Interest M-5, REMIC II Regular Interest M-6, REMIC II Regular Interest M-7, REMIC II Regular Interest M-8, REMIC II Regular Interest M-9, REMIC II Regular Interest M-10 and REMIC II Regular Interest M-11, 1% of and in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Balances of such REMIC II Regular Interests are reduced to zero and second to the Holders of REMIC II Regular Interest ZZ, until the Uncertificated Balance of such REMIC II Regular Interest is reduced to zero; (cC) to the Holders of REMIC II Regular Interest P, 100% of the amounts deemed distributed on REMIC I Regular Interest I-LT6, 1.00% of such remainderP; andthen (dD) any remaining amount to the Holders of the REMIC I Regular Interest I-LTPClass R Certificate, $100 on the Distribution Date immediately following the expiration in respect of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafterClass R-II Interest; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a an Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I II Regular Interest I-LT1 AA and REMIC I II Regular Interest I-LT6ZZ, respectively. (iv) to the Holders of REMIC II Regular Interests, in an amount equal to the remainder of the REMIC II Sub WAC Allocation Percentage of available funds for such Distribution Date after the distributions made pursuant to clause (ii) above, such that distributions of principal shall be deemed to be made to the REMIC II Regular Interests first, so as to keep the Uncertificated Balance of each REMIC II Regular Interest ending with the designation “GRP” equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the related loan group; second, to each REMIC II Regular Interest ending with the designation “SUB,” so that the Uncertificated Balance of each such REMIC II Regular Interest is equal to 0.01% of the excess of (x) the aggregate Stated Principal Balance of the Mortgage Loans in the related loan group over (y) the current Certificate Principal Balance of the Class A Certificate in the related loan group (except that if any such excess is a larger number than in the preceding distribution period, the least amount of principal shall be distributed to such REMIC II Regular Interests such that the REMIC II Subordinated Balance Ratio is maintained); and third, any remaining principal to REMIC II Regular Interest XX. (v) Notwithstanding the distributions described in Section 5.01(c)(1), distributions of funds shall be made to Certificateholders only in accordance with Section 5.01(c)(2) through (7). (2) On each Distribution Date, the Securities Administrator shall withdraw from the Distribution Account to the extent on deposit therein an amount equal to the Group I Interest Remittance Amount and make the following disbursements and transfers in the order of priority described below, in each case to the extent of the Group I Interest Remittance Amount remaining for such Distribution Date: first, commencing on the Distribution Date in February 2007, to the Supplemental Interest Trust, an amount equal to the Group I Allocation Percentage of (i) any Net Swap Payment owed to the Swap Provider and (ii) any Swap Termination Payment owed to the Swap Provider not due to a Swap Provider Trigger Event; second, to the Holders of the Class A-1 Certificates, the Senior Interest Distribution Amount allocable to the Class A-1 Certificates; and third, concurrently, to the Holders of the Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates, the Senior Interest Distribution Amount allocable to each such Class, to the extent remaining unpaid after the distribution of the Group II Interest Remittance Amount as set forth in Section 5.01(c)(3) below on a pro rata basis, based on the entitlement of each such Class. (3) On each Distribution Date, the Securities Administrator shall withdraw from the Distribution Account to the extent on deposit therein an amount equal to the Group II Interest Remittance Amount and make the following disbursements and transfers in the order of priority described below, in each case to the extent of the Group II Interest Remittance Amount remaining for such Distribution Date: first, commencing on the Distribution Date in February 2007, to the Supplemental Interest Trust, an amount equal to the Group II Allocation Percentage of (i) any Net Swap Payment owed to the Swap Provider and (ii) any Swap Termination Payment owed to the Swap Provider not due to a Swap Provider Trigger Event; second, concurrently, to the Holders of the Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates, the Senior Interest Distribution Amount allocable to each such Class, on a pro rata basis, based on the entitlement of each such Class; and third, to the Holders of the Class A-1 Certificates, the Senior Interest Distribution Amount allocable to the Class A-1 Certificates, to the extent remaining unpaid after the distribution of the Group I Interest Remittance Amount as set forth in Section 5.01(c)(2) above. (4) On each Distribution Date, the Securities Administrator shall withdraw from the Distribution Account to the extent on deposit therein an amount equal to the Group I Interest Remittance Amount and the Group II Interest Remittance Amount remaining after the distributions required by clauses (2) and (3) above and make the following disbursements and transfers in the order of priority described below, in each case to the extent of the Group I Interest Remittance Amount and Group II Interest Remittance Amount remaining for such Distribution Date: sequentially, to the Holders of the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that order, to the extent of the Interest Distribution Amount allocable to each such Class. (5) On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, the Securities Administrator shall withdraw from the Distribution Account to the extent on deposit therein an amount equal to the Group I Principal Distribution Amount and the Group II Principal Distribution Amount and distribute to the Certificateholders the following amounts, in the following order of priority: (i) The Group I Principal Distribution Amount shall be distributed in the following order of priority: first, commencing on the Distribution Date in February 2007, to the Supplemental Interest Trust, an amount equal to the Group I Allocation Percentage of (i) any Net Swap Payment owed to the Swap Provider and (ii) any Swap Termination Payment owed to the Swap Provider not due to a Swap Provider Trigger Event to the extent not paid from the Interest Remittance Amount on such Distribution Date; second, to the Holders of the Class A-1 Certificates until the Certificate Principal Balance of the Class A-1 Certificates has been reduced to zero; and third, sequentially, to the Holders of the Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates, in that order, after taking into account the distribution of the Group II Principal Distribution Amount as described in Section 5.01(c)(5)(ii) below, until the Certificate Principal Balance of each such Class has been reduced to zero. (ii) The Group II Principal Distribution Amount shall be distributed in the following order of priority: first, commencing on the Distribution Date in February 2007, to the Supplemental Interest Trust, an amount equal to the Group II Allocation Percentage of (i) any Net Swap Payment owed to the Swap Provider and (ii) any Swap Termination Payment owed to the Swap Provider not due to a Swap Provider Trigger Event to the extent not paid from the Interest Remittance Amount on such Distribution Date; second, sequentially, to the Holders of the Class A-2A Class A-2B, Class A-2C and Class A-2D Certificates, in that order, until the Certificate Principal Balance of each such Class has been reduced to zero; and third, to the Holders of the Class A-1 Certificates after taking into account the distribution of the Group I Principal Distribution Amount as described in Section 5.01(c)(5)(i) above, until the Certificate Principal Balance of such Class has been reduced to zero. (iii) The Group I Principal Distribution Amount and Group II Principal Distribution Amount remaining after distributions pursuant to Sections 5.01(c)(5)(i) and (ii) above shall be distributed in the following order of priority: sequentially, to the Holders of the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that order, until the Certificate Principal Balance of each such Class has been reduced to zero. (6) On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, the Securities Administrator shall withdraw from the Distribution Account to the extent on deposit therein an amount equal to the Group I Principal Distribution Amount and the Group II Principal Distribution Amount and distribute to the Certificateholders the following amounts, in the following order of priority: (i) The Group I Principal Distribution Amount shall be distributed in the following order of priority: first, commencing on the Distribution Date in February 2007, to the Supplemental Interest Trust, an amount equal to the Group I Allocation Percentage of (i) any Net Swap Payment owed to the Swap Provider and (ii) any Swap Termination Payment owed to the Swap Provider not due to a Swap Provider Trigger Event to the extent not paid from the Interest Remittance Amount on such Distribution Date; second, to the Holders of the Class A-1 Certificates, the Class A-1 Principal Distribution Amount, until

Distributions. (a) On each Distribution Date, the Trustee (1)(Aor the Paying Agent on behalf of the Trustee) shall allocate and distribute the Principal Distribution Amount for such date to the interests issued in respect of REMIC I, REMIC II, REMIC III and REMIC IV as specified in this Section. (1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II III on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may beInterests: (i) to the extent of the Group I Available Distribution Amounts, first, to the Holders of REMIC I Regular Interest LT-A-2 and REMIC I Regular Interest LT-A-3, in ▇▇ ▇▇▇▇▇▇ ▇▇▇▇l to (A) the Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates and second, to Holders of REMIC I Regular Interest LT-A-1 in an amount equal to (A) the Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates; and (ii) to the Holders of REMIC I Regular Interests Interests, in an amount equal to the remainder of the Group I Available Distribution Amount for such Distribution Date after the distributions made pursuant to clause (other than i) above, allocated in the following order of priority: (A) to the Holders of REMIC I Regular Interest ILT-LTP)A-1, until the Uncertificated Principal Balance of REMIC I Regular Interest LT-A-1 is reduced to zero; (B) to the Holders of REMIC I Regular Interest LT-A-3, until the Uncertificated Principal Balance of REMIC I Regular Interest LT-A-3 is reduced to zero; (C) to the Holders of REMIC I Regular Interest LT-A-2, until the Uncertificated Principal Balance of REMIC I Regular Interest LT-A-2, is ▇▇▇▇▇▇▇ ▇▇ ▇▇▇o; and (D) any remaining amount to the Holders of the Class R-I Certificates. (2) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC II to REMIC III on account of the REMIC II Regular Interests: (i) to the extent of the Group II Available Distribution Amounts, to the Holders of REMIC II Regular Interest LT-B, in an amount equal to (A) the related Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates; and (ii) to the Holders of REMIC II Regular Interest LT-B, in an amount equal to the remainder of the Group II Available Distribution Amount for such Distribution Date after the distributions made pursuant to clause (i) above, allocated in the following order of priority: (A) to the Holders REMIC II Regular Interest LT-B, until the Uncertificated Principal Balance of REMIC II Regular Interest LT-B is reduced to zero; and (B) any remaining amount to the Holders of the Class R-II Certificates. (3) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC III to REMIC IV on account of the REMIC III Regular Interests: (i) to the extent of the Group I Available Distribution Amount, first, to the Holders of REMIC III Regular Interests MT-IO-1, MT-IO-2, ▇▇-▇▇-▇, ▇▇-▇▇-▇, ▇▇-▇▇-▇, ▇▇-▇▇-▇, ▇▇-▇▇-▇ ▇▇▇ ▇▇-▇▇-8, pro rata, in an amount equal to (A) the related Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates, and second, to the Holders of REMIC III Regular Interest MT-I-1, REMIC III Regular Interest MT-I-2, REMIC III Regular Interest MT-I-3, REMIC III Regular Interest MT-I-4, REMIC III Regular Interest MT-I-5, REMIC III Regular Interest MT-I-6, REMIC III Regular Interest MT-I-7, REMIC III Regular Interest MT-I-8, REMIC III Regular Interest MT-I-9 and REMIC III Regular Interest MT-I- 10, pro rata, in an amount equal to (A) the related Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Accrued Interest in respect of REMIC I III Regular Interest IMT-LT6 I-10 shall be reduced when the REMIC III Group I Overcollateralized Overcollateralization Amount is less than the REMIC III Group I Required Overcollateralized Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the REMIC III Group I Regular Interest MT-I-10 Maximum I-LT6 Uncertificated Interest Deferral AmountAmount , and such amount will be payable to the Holders of REMIC III Regular Interest MT-I-1, REMIC III Regular Interest MT-I-2, REMIC III Regular Interest MT-I-3, REMIC III Regular Interest MT-I-4, REMIC III Regular Interest MT-I-5, REMIC III Regular Interest MT-I-6, REMIC III Regular Interest MT-I-7, REMIC III Regular Interest MT-I-8 and REMIC III Regular Interest MT-I-9 in the same proportion as the Group I Overcollateralization Increase Amount is allocated to the Class A-I-1 Certificates, Class A-I-2 Certificates, Class A-I-3 Certificates, Class A-I-4 Certificates, Class A-I-5 Certificates, Class M-I-1 Certificates, Class M-I-2 Certificates and Class M-I-3, respectively; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC III Group I Regular InterestsInterests (other than REMIC III Regular Interests MT-IO-1, MT-▇▇-▇, ▇▇-▇▇-▇, ▇▇-▇▇-▇, ▇▇-▇▇-▇, ▇▇-▇▇-▇, ▇▇-▇▇-▇ ▇▇▇ ▇▇-▇▇-8), in an amount equal to the remainder of the Group I Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below): ): (aA) to the Holders of the REMIC I III Regular Interest IMT-LT1I-1, 98.00% of such remainder; remainder until the Uncertificated Principal Balance of such REMIC III Regular Interest is reduced to zero; (bB) to the Holders of the REMIC I III Regular Interest IMT-LT2I-2, REMIC I Regular Interest IMT-LT3I-3, REMIC I Regular Interest IMT-▇-LT4 and REMIC I Regular Interest I▇, ▇▇-LT5▇-▇, ▇▇-▇-▇, ▇▇-▇-▇, ▇▇-▇-▇ ▇▇▇ MT-I-9, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Class A-I-1 Certificates; , Class A-I-2 Certificates, Class A-I-3 Certificates, Class A-I-4 Certificates, Class A-I-5 Certificates, Class M-I-1 Certificates, Class M-I-2 Certificates and Class M-I-3 Certificates, respectively; (cC) to the Holders of the REMIC I III Regular Interest IMT-LT6I-10, 1.00% of such remainder; and and (dD) any remaining amounts to the Holders of the REMIC I Regular Interest IClass R-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafterIII Certificates; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a an Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I III Regular Interest IMT-LT1 I-1 and REMIC I III Regular Interest IMT-LT6I-10, respectively. (iii) to the extent of the Group II Available Distribution Amount, to the Holders of REMIC III Regular Interest MT-II-1, REMIC III Regular Interest MT-II-2, REMIC III Regular Interest MT-II-3, REMIC III Regular Interest MT-II-4, REMIC III Regular Interest MT-II-5 and REMIC III Regular Interest MT-II-6, pro rata, in an amount equal to (A) the related Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. Amounts payable as Uncertificated Accrued Interest in respect of REMIC III Regular Interest MT-II-6 shall be reduced when the REMIC III Group II Overcollateralization Amount is less than the REMIC III Group II Required Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the REMIC III Group II Regular Interest MT-II-6 Maximum Interest Deferral Amount , and such amount will be payable to the Holders of REMIC III Regular Interest MT-II-2, REMIC III Regular Interest MT-II-3, REMIC III Regular Interest MT-II-4 and REMIC III Regular Interest MT-II-5 in an amount equal to the amount of Group II Overcollateralization Increase Amount allocated to the Class A-II Certificates, Class M-II-1 Certificates, Class M-II-2 Certificates and Class M-II-3 Certificates, respectively; and (iv) on each Distribution Date, to the Holders of REMIC III Group II Regular Interests, in an amount equal to the remainder of the Group II Available Distribution Amount after the distributions made pursuant to clause (iii) above, allocated as follows (except as provided below): (A) to the Holders of the REMIC III Regular Interest MT-II-1, 98.00% of such remainder until the Uncertificated Principal Balance of such REMIC III Regular Interest is reduced to zero; (B) to the Holders of the REMIC III Regular Interest MT-II-2, REMIC III Regular Interest MT-II-3, REMIC III Regular Interest MT-II-4 and REMIC III Regular Interest MT-II-5, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Class A-II Certificates, Class M-II-1 Certificates, Class M-II-2 Certificates and Class M-II-3 Certificates, (C) to the Holders of the REMIC III Regular Interest MT-II-6, 1.00% of such remainder; and (D) any remaining amounts to the Holders of the Class R-III Certificates; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to an Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC III Regular Interest MT-II-1 and REMIC III Regular Interest MT-II-6, respectively. (4) Notwithstanding the distributions on the REMIC Regular Interests described in this Section 4.02(b), distribution of funds from the Certificate Account shall be made only in accordance with Section 4.02(c) and (d). (c) On each Distribution Date (x) the Master Servicer on behalf of the Trustee or (y) the Paying Agent appointed by the Trustee, shall distribute to the Certificate Insurer the Certificate Insurer Premium and in the case of a distribution pursuant to Section 4.02(c)(xviii) below, the amount required to be distributed to the Certificate Insurer pursuant to Section 4.02(c)(xviii) 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 with respect to each Class of Certificates, shall be based on the aggregate of the Percentage Interests represented by Certificates of the applicable Class held by such Holder of the following amounts), in the following order of priority, in each case to the extent of the Group I Available Distribution Amount (or, with respect to clause (xvii) below, to the extent of prepayment charges on deposit in the Certificate Account): (i) to the Class A-I Certificateholders, Accrued Certificate Interest payable on such Certificates with respect to such Distribution Date, plus any Accrued Certificate Interest remaining unpaid from any prior Distribution Date, less any Prepayment Interest Shortfalls on the Group I Loans, to the extent not covered by Compensating Interest pursuant to Section 3.16, allocated to the Class A-I Certificateholders as described in Section 4.02(h) (the "Class A-I Interest Distribution Amount"), with such amount allocated among the Class A-I Certificateholders on a pro rata basis; (ii) to the Class M-I-1 Certificateholders from the amount, if any, of the Group I Available Distribution Amount remaining after the foregoing distributions, Accrued Certificate Interest payable on such Certificates with respect to such Distribution Date, plus any Accrued Certificate Interest remaining unpaid from any prior Distribution Date, less any Prepayment Interest Shortfalls on the Group I Loans, to the extent not covered by Compensating Interest pursuant to Section 3.16, allocated to the Class M-I-1 Certificates as described in Section 4.02(h) (the "Class M-I-1 Interest Distribution Amount"); (iii) to the Class M-I-2 Certificateholders from the amount, if any, of the Group I Available Distribution Amount remaining after the foregoing distributions, Accrued Certificate Interest payable on such Certificates with respect to such Distribution Date, plus any Accrued Certificate Interest remaining unpaid from any prior Distribution Date, less any Prepayment Interest Shortfalls on the Group I Loans, to the extent not covered by Compensating Interest pursuant to Section 3.16, allocated to the Class M-I-2 Certificates as described in Section 4.02(h) (the "Class M-I-2 Interest Distribution Amount"); (iv) to the Class M-I-3 Certificateholders from the amount, if any, of the Group I Available Distribution Amount remaining after the foregoing distributions, Accrued Certificate Interest payable on such Certificates with respect to such Distribution Date, plus any Accrued Certificate Interest remaining unpaid from any prior Distribution Date, less any Prepayment Interest Shortfalls on the Group I Loans, to the extent not covered by 100 Compensating Interest pursuant to Section 3.16, allocated to the Class M-I-3 Certificates as described in Section 4.02(h) (the "Class M-I-3 Interest Distribution Amount"); (v) to the Class A-I Certificateholders and Class M-I Certificateholders (other than the Class A-I-IO Certificateholders), the Group I Principal Distribution Amount (other than clauses (iv) and (v) of the definition thereof), in the order described in Section 4.02(e), until the Certificate Principal Balances of the Class A-I Certificates and Class M-I Certificates have been reduced to zero; (vi) to the Class A-I Certificateholders (other than the Class A-I-IO Certificateholders) and the Class M-I Certificateholders, from the Group I Excess Cash Flow, an amount equal to the Realized Losses on the Group I Loans during the immediately preceding Due Period, which amount shall be included in the Group I Principal Distribution Amount and paid in accordance with Section 4.02(e) hereof, until the Certificate Principal Balances of the Class A-I Certificates and Class M-I Certificates have been reduced to zero; (vii) to the Class A-II Certificateholders and Class M-II Certificateholders, from the amount, if any, of the Group I Available Distribution Amount remaining after the foregoing distributions, an amount equal to the Realized Losses on the Group II Loans during the immediately preceding Due Period to the extent not covered by the Group II Excess Cash Flow, which amount shall be included in the Group II Principal Distribution Amount and paid in accordance with Section 4.02(f) hereof, until the Certificate Principal Balances of the Class A-II Certificates and Class M-II Certificates have been reduced to zero; (viii) to the Class A-II Certificateholders and Class M-II Certificateholders, from the amount, if any, of the Group I Available Distribution Amount remaining after the foregoing distributions, the Group II Overcollateralization Increase Amount for such Distribution Date, which amount shall be included in the Group II Principal Distribution Amount and paid in accordance with Section 4.02(f) hereof, until the Certificate Principal Balances of the Class A-II Certificates and Class M-II Certificates have been reduced to zero, but only to the extent the aggregate Certificate Principal Balance of the Class A-II Certificates and Class M-II Certificates immediately prior to such Distribution Date exceeded the aggregate Stated Principal Balance of the Group II Loans at the end of the immediately preceding Due Period and to the extent not covered by the Group II Excess Cash Flow; (ix) to the Class A-I Certificateholders (other than the Class A-I-IO Certificateholders) and Class M-I Certificateholders, from the amount, if any, of the Group I Available Distribution Amount remaining after the foregoing distributions, the Group I Overcollateralization Increase Amount for such Distribution Date, which amount shall be included in the Group I Principal Distribution Amount and paid in accordance with Section 4.02(e) hereof, until the Certificate Principal Balances of such Class A-I Certificates and Class M-I Certificates have been reduced to zero; (x) to the Class A-II Certificateholders and Class M-II Certificateholders, from the amount, if any, of the Group I Available Distribution Amount remaining after the foregoing distributions, the Group

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests and distributed to the holders of the Class R Certificates (in respect of the Class R-I Interest), as the case may be: (1) With respect to the Group I Mortgage Loans: (i) to Holders of REMIC I Regular Interest I, and each of REMIC I Regular Interest I-1-A through I-39-B, pro rata, in an amount equal to (A) Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates; (ii) to the extent of amounts remaining after the distributions made pursuant to clause (i) above, to the Holders of REMIC I Regular Interest I, an amount of principal shall be distributed to such Holders until the Uncertificated Balance of REMIC I Regular Interest I is reduced to zero; and (iii) to the extent of amounts remaining after the distributions made pursuant to clause (i) and (ii) above, payments of principal shall be allocated to REMIC I Regular interests I-1-A through I-39-B starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such payments of principal shall be allocated pro rata between such REMIC I Regular Interests. (2) With respect to the Group II Mortgage Loans: (i) to Holders of REMIC I Regular Interest II and each of REMIC I Regular Interest II-1-A through II-39-B, pro rata, in an amount equal to (A) Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates. (ii) to the extent of amounts remaining after the distributions made pursuant to clause (i) above, to the Holders of REMIC I Regular Interest II, an amount of principal shall be distributed to such Holders until the Uncertificated Balance of REMIC I Regular Interest II is reduced to zero; and (iii) to the extent of amounts remaining after the distributions made pursuant to clause (i) and (ii) above, payments of principal shall be allocated to REMIC I Regular interests II-1-A through II-39-B starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such payments of principal shall be allocated pro rata between such REMIC I Regular Interests. (b) to the Holders of REMIC I Regular Interest P, (A) all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period and (B) on the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter until $100 has been distributed pursuant to this clause. (1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC II to REMIC III on account of the REMIC II Regular Interests or withdrawn from the Distribution Account and distributed to the holders Holders of the Class R Certificates (in respect of the Class R-I CertificatesII Interest), as the case may be: (i) first to the Holders of REMIC I Regular Interests (other than REMIC I II Regular Interest I-LTP)IO, in an amount equal to (A) Uncertificated Interest for such REMIC II Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates and second, to the Holders of REMIC II Regular Interest AA, REMIC II Regular Interest A-1, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-2D, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, REMIC II Regular Interest M-3, REMIC II Regular Interest M-4, REMIC II Regular Interest M-5, REMIC II Regular Interest M-6, REMIC II Regular Interest M-7, REMIC II Regular Interest M-8, REMIC II Regular Interest M-9, REMIC II Regular Interest M-10, REMIC II Regular Interest M-11 and REMIC II Regular Interest ZZ, pro rata, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I II Regular Interest I-LT6 ZZ shall be reduced when the REMIC I Overcollateralized II Overcollateralization Amount is less than the REMIC I II Required Overcollateralized Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 ZZ Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof Amount and (y) on each Distribution Date, such amount will be payable to the Holders of REMIC I II Regular Interest A-1, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-2D, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, REMIC II Regular Interest M-3, REMIC II Regular Interest M-4, REMIC II Regular Interest M-5, REMIC II Regular Interest M-6, REMIC II Regular Interest M-7, REMIC II Regular Interest M-8, REMIC II Regular Interest M-9, REMIC II Regular Interest M-10 and REMIC II Regular Interest M-11 in the same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Certificates and the Uncertificated Balance of REMIC II Regular Interest ZZ shall be increased by such amount; (ii) to Holders of REMIC II Regular Interest I-SUB, REMIC II Regular Interest I-GRP, REMIC II Regular Interest II-SUB, REMIC II Regular Interest II-GRP, and REMIC II Regular Interest XX, pro rata, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates; (iii) to the Holders of REMIC II Regular Interests, in an amount equal to the remainder of the Available Distribution Amount REMIC II Marker Allocation Percentage of the available funds for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below):follows: (aA) 98.00% of such remainder to the Holders of the REMIC I II Regular Interest I-LT1AA, 98.00% until the Uncertificated Balance of such remainderREMIC II Regular Interest is reduced to zero; (bB) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.002.00% of such remainder, first, to the Holders of REMIC II Regular Interest A-1, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-2D, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, REMIC II Regular Interest M-3, REMIC II Regular Interest M-4, REMIC II Regular Interest M-5, REMIC II Regular Interest M-6, REMIC II Regular Interest M-7, REMIC II Regular Interest M-8, REMIC II Regular Interest M-9, REMIC II Regular Interest M-10 and REMIC II Regular Interest M-11, 1% of and in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Balances of such REMIC II Regular Interests are reduced to zero and second to the Holders of REMIC II Regular Interest ZZ, until the Uncertificated Balance of such REMIC II Regular Interest is reduced to zero; (cC) to the Holders of REMIC II Regular Interest P, 100% of the amounts deemed distributed on REMIC I Regular Interest I-LT6, 1.00% of such remainderP; andthen (dD) any remaining amount to the Holders of the REMIC I Regular Interest I-LTPClass R Certificate, $100 on the Distribution Date immediately following the expiration in respect of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafterClass R-II Interest; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a an Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I II Regular Interest I-LT1 AA and REMIC I II Regular Interest I-LT6ZZ, respectively. (iv) to the Holders of REMIC II Regular Interests, in an amount equal to the remainder of the REMIC II Sub WAC Allocation Percentage of available funds for such Distribution Date after the distributions made pursuant to clause (ii) above, such that distributions of principal shall be deemed to be made to the REMIC II Regular Interests first, so as to keep the Uncertificated Balance of each REMIC II Regular Interest ending with the designation “GRP” equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the related loan group; second, to each REMIC II Regular Interest ending with the designation “SUB,” so that the Uncertificated Balance of each such REMIC II Regular Interest is equal to 0.01% of the excess of (x) the aggregate Stated Principal Balance of the Mortgage Loans in the related loan group over (y) the current Certificate Principal Balance of the Class A Certificate in the related loan group (except that if any such excess is a larger number than in the preceding distribution period, the least amount of principal shall be distributed to such REMIC II Regular Interests such that the REMIC II Subordinated Balance Ratio is maintained); and third, any remaining principal to REMIC II Regular Interest XX. (v) Notwithstanding the distributions described in Section 5.01(c)(1), distributions of funds shall be made to Certificateholders only in accordance with Section 5.01(c)(2) through (7). (2) On each Distribution Date, the Securities Administrator shall withdraw from the Distribution Account to the extent on deposit therein an amount equal to the Group I Interest Remittance Amount and make the following disbursements and transfers in the order of priority described below, in each case to the extent of the Group I Interest Remittance Amount remaining for such Distribution Date: first, commencing on the Distribution Date in April 2007, to the Supplemental Interest Trust, an amount equal to the Group I Allocation Percentage of (i) any Net Swap Payment owed to the Swap Provider and (ii) any Swap Termination Payment owed to the Swap Provider not due to a Swap Provider Trigger Event; second, to the Holders of the Class A-1 Certificates, the Senior Interest Distribution Amount allocable to the Class A-1 Certificates; and third, concurrently, to the Holders of the Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates, the Senior Interest Distribution Amount allocable to each such Class, to the extent remaining unpaid after the distribution of the Group II Interest Remittance Amount as set forth in Section 5.01(c)(3) below on a pro rata basis, based on the entitlement of each such Class. (3) On each Distribution Date, the Securities Administrator shall withdraw from the Distribution Account to the extent on deposit therein an amount equal to the Group II Interest Remittance Amount and make the following disbursements and transfers in the order of priority described below, in each case to the extent of the Group II Interest Remittance Amount remaining for such Distribution Date: first, commencing on the Distribution Date in April 2007, to the Supplemental Interest Trust, an amount equal to the Group II Allocation Percentage of (i) any Net Swap Payment owed to the Swap Provider and (ii) any Swap Termination Payment owed to the Swap Provider not due to a Swap Provider Trigger Event; second, concurrently, to the Holders of the Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates, the Senior Interest Distribution Amount allocable to each such Class, on a pro rata basis, based on the entitlement of each such Class; and third, to the Holders of the Class A-1 Certificates, the Senior Interest Distribution Amount allocable to the Class A-1 Certificates, to the extent remaining unpaid after the distribution of the Group I Interest Remittance Amount as set forth in Section 5.01(c)(2) above. (4) On each Distribution Date, the Securities Administrator shall withdraw from the Distribution Account to the extent on deposit therein an amount equal to the Group I Interest Remittance Amount and the Group II Interest Remittance Amount remaining after the distributions required by clauses (2) and (3) above and make the following disbursements and transfers in the order of priority described below, in each case to the extent of the Group I Interest Remittance Amount and Group II Interest Remittance Amount remaining for such Distribution Date: sequentially, to the Holders of the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that order, to the extent of the Interest Distribution Amount allocable to each such Class. (5) On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, the Securities Administrator shall withdraw from the Distribution Account to the extent on deposit therein an amount equal to the Group I Principal Distribution Amount and the Group II Principal Distribution Amount and distribute to the Certificateholders the following amounts, in the following order of priority: (i) The Group I Principal Distribution Amount shall be distributed in the following order of priority: first, commencing on the Distribution Date in April 2007, to the Supplemental Interest Trust, an amount equal to the Group I Allocation Percentage of (i) any Net Swap Payment owed to the Swap Provider and (ii) any Swap Termination Payment owed to the Swap Provider not due to a Swap Provider Trigger Event to the extent not paid from the Interest Remittance Amount on such Distribution Date; second, to the Holders of the Class A-1 Certificates until the Certificate Principal Balance of the Class A-1 Certificates has been reduced to zero; and third, sequentially, to the Holders of the Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates, in that order, after taking into account the distribution of the Group II Principal Distribution Amount as described in Section 5.01(c)(5)(ii) below, until the Certificate Principal Balance of each such Class has been reduced to zero. (ii) The Group II Principal Distribution Amount shall be distributed in the following order of priority: first, commencing on the Distribution Date in April 2007, to the Supplemental Interest Trust, an amount equal to the Group II Allocation Percentage of (i) any Net Swap Payment owed to the Swap Provider and (ii) any Swap Termination Payment owed to the Swap Provider not due to a Swap Provider Trigger Event to the extent not paid from the Interest Remittance Amount on such Distribution Date; second, sequentially, to the Holders of the Class A-2A Class A-2B, Class A-2C and Class A-2D Certificates, in that order, until the Certificate Principal Balance of each such Class has been reduced to zero; and third, to the Holders of the Class A-1 Certificates after taking into account the distribution of the Group I Principal Distribution Amount as described in Section 5.01(c)(5)(i) above, until the Certificate Principal Balance of such Class has been reduced to zero. (iii) The Group I Principal Distribution Amount and Group II Principal Distribution Amount remaining after distributions pursuant to Sections 5.01(c)(5)(i) and (ii) above shall be distributed in the following order of priority: sequentially, to the Holders of the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that order, until the Certificate Principal Balance of each such Class has been reduced to zero. (6) On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, the Securities Administrator shall withdraw from the Distribution Account to the extent on deposit therein an amount equal to the Group I Principal Distribution Amount and the Group II Principal Distribution Amount and distribute to the Certificateholders the following amounts, in the following order of priority: (i) The Group I Principal Distribution Amount shall be distributed in the following order of priority: first, commencing on the Distribution Date in April 2007, to the Supplemental Interest Trust, an amount equal to the Group I Allocation Percentage of (i) any Net Swap Payment owed to the Swap Provider and (ii) any Swap Termination Payment owed to the Swap Provider not due to a Swap Provider Trigger Event to the extent not paid from the Interest Remittance Amount on such Distribution Date; second, to the Holders of the Class A-1 Certificates, the Class A-1 Principal Distribution Amount, until the Certificat

Distributions. (a) (1)(A1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-I CertificatesInterest), as the case may be: (i) to the Holders of REMIC I Regular Interests (other than Interest I-LTAA, REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTA3 REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9, REMIC I Regular Interest I-LTM10, REMIC I Regular Interest I-LTM11, REMIC I Regular Interest I-LTZZ and REMIC I Regular Interest I-LTP), PRO RATA, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 LTZZ shall be reduced and deferred when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 LTZZ Uncertificated Interest Deferral Amount; andAmount and such amount will be payable to the Holders of REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTA3, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9, REMIC I Regular Interest I-LTM10 and REMIC I Regular Interest I-LTM11 in the same proportion as the Overcollateralization Deficiency Amount is allocated to the Corresponding Certificates and the Uncertificated Balance of REMIC I Regular Interest I-LTZZ shall be increased by such amount; (ii) [reserved]; (xiii) on the first Distribution Date, to the Holders (A) 98.00% of the Class R-I Certificates, the Certificate Principal Balance thereof and such remainder (yother than amounts payable under clause (C) on each Distribution Date, below) to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount Funds for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below): (afollows:(A) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of such remainder; (b) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 LTAA and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainder; and (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero, provided, however, that REMIC I Regular Interest I-LTP shall not be reduced until the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Prepayment Charge Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount at which point such amount shall be allocated distributed to Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6LTP, respectively.until $100 has been distributed pursuant to this clause;

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may beInterests: (i) to the Holders of REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP)Interests, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of such remainder; (b) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates;; and (c) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainder; and (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a an Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6, respectively.

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-I CertificatesInterest), as the case may be: With respect to the Group I Mortgage Loans: (i1) to the Holders of REMIC I Regular Interests (other than Interest I, REMIC I Regular Interest IP and each of REMIC I Regular Interest I-1-LTP)A through I-52-B, pro rata, in an amount equal to (A) the Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates. On . (2) to the first Distribution Dateextent of amounts remaining after the distributions made pursuant to clause (i) above, the Class R-I Certificates payments of principal shall be entitled allocated as follows: first, to interest accrued on its Certificate Principal REMIC I Regular interests I-1-A through I-52-B starting with the lowest numerical denomination until the Uncertificated Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of each such REMIC I Regular Interest I-LT6 is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such payments of principal shall be reduced when the allocated pro rata between such REMIC I Overcollateralized Amount Regular Interests, and second, to the extent of the product of (a) any Overcollateralization Reduction Amounts multiplied by (b) a fraction, the numerator of which is less than the aggregate Scheduled Principal Balance of the Group I Mortgage Loans and the denominator of which is the aggregate Scheduled Principal Balance of the Mortgage Loans, to REMIC I Required Overcollateralized Amount, by Regular Interest I until the lesser of (x) the amount Uncertificated Balance of such difference and (y) the Maximum I-LT6 Uncertificated REMIC I Regular Interest Deferral Amountis reduced to zero; and (ii3) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular InterestsInterest P, (A) all amounts representing Prepayment Charges in an amount equal to the remainder respect of the Available Distribution Amount for such Distribution Date after Mortgage Loans received during the distributions made pursuant to clauses (i) related Prepayment Period and (ii)(xB) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of such remainder; (b) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainder; and (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Prepayment Charge Schedule or any Distribution Date thereafter; providedthereafter until $100 has been distributed pursuant to this clause. With respect to the Group II Mortgage Loans: (1) to Holders of REMIC I Regular Interest I and each of REMIC I Regular Interest II-1-A through II-52-B, howeverpro rata, that 98.00% and 2.00% in an amount equal to (A) Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates. to the extent of any amounts remaining after the distributions made pursuant to clause (i) above, payments of principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated as follows: first, to REMIC I Regular interests II-1-A through II-52-B starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such payments of principal shall be allocated pro rata between such REMIC I Regular Interests, and second, to the extent of the product of (a) any Overcollateralization Reduction Amounts multiplied by (b) a fraction, the numerator of which is the aggregate Scheduled Principal Balance of the Group I Mortgage Loans and the denominator of which is the aggregate Scheduled Principal Balance of the Mortgage Loans, to REMIC I Regular Interest I until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero. On each Distribution Date, all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period shall be distributed by REMIC I to the Holders of the REMIC I Regular Interest I-LT1 and LTP. The payment of the foregoing amounts to the Holders of REMIC I Regular Interest I-LT6LTP shall not reduce the Uncertificated Balance thereof. (b) On each Distribution Date, respectively.the following amounts, in the following order of priority, shall be distributed by REMIC II to REMIC III on account of the REMIC II Regular Interests and distributed to the Holders of the Class R Certificates (in respect of the Class R-II Interest), as the case may be:

Distributions. (a) (1)(AI) On each Distribution Date, the following amounts, in the following order of priority, Trustee shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn withdraw from the Distribution Account that portion of Available Funds for such Distribution Date consisting of the Group I Interest Remittance Amount for such Distribution Date, and distributed make the following disbursements and transfers in the order described below, in each case to the holders extent of the Class R-Group I Certificates, as the case may beInterest Remittance Amount remaining for such Distribution Date: (i) to the Holders of REMIC the Group I Regular Interests Certificates, the Monthly Interest Distributable Amount and the Unpaid Interest Shortfall Amount, if any, allocable to such Certificates for such Distribution Date; and (other than REMIC ii) concurrently, to the Holders of each Class of Group II Certificates, on a pro rata basis based on the entitlement of each such Class, an amount equal to the excess, if any, of (x) the amount required to be distributed pursuant to Sections 4.01(a)(II)(i) below for such Distribution Date over (y) the amount actually distributed pursuant to such section from the Group II Interest Remittance Amount. (II) On each Distribution Date the Trustee shall withdraw from the Distribution Account that portion of Available Funds for such Distribution Date consisting of the Group II Interest Remittance Amount for such Distribution Date, and make the following disbursements and transfers in the order described below, in each case to the extent of the Group II Interest Remittance Amount remaining for such Distribution Date: (i) concurrently, to the Holders of each Class of Group II Certificates, on a pro rata basis based on the entitlement of each such Class, the Monthly Interest Distributable Amount and the Unpaid Interest Shortfall Amount, if any, allocable to such Certificates for such Distribution Date; and (ii) to the Holders of the Group I Regular Certificates, an amount equal to the excess, if any, of (x) the amount required to be distributed pursuant to Section 4.01(a)(I)(i) above for such Distribution Date over (y) the amount actually distributed pursuant to such section from the Group I Interest IRemittance Amount. (III) On each Distribution Date, following the distributions made pursuant to Sections 4.01(a)(I) and 4.01(a)(II) above, the sum of the Group I Interest Remittance Amount and the Group II Interest Remittance Amount remaining undistributed for such Distribution Date, will be distributed sequentially to the Class ▇-LTP)▇, ▇▇▇▇▇ ▇-▇, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8 and Class M-9 Certificates, in that order, in an amount equal to the Monthly Interest Distributable Amount allocable to each such Class of Certificates. (AI) On each Distribution Date (a) prior to the Uncertificated Interest for such Distribution DateStepdown Date or (b) on which a Trigger Event is in effect, plus (B) any amounts distributions in respect thereof remaining unpaid from previous of principal to the extent of the Group I Principal Distribution Dates. On the first Distribution Date, the Class R-I Certificates Amount shall be entitled made in the following amounts and order: (i) to interest accrued on its the Holders of the Group I Certificates, until the Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 shall be thereof has been reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amountto zero; and (ii) after taking into account the amount distributed to the Holders of the Group II Certificates pursuant to Section 4.01(b)(II)(i) below on such Distribution Date, to the Holders of each Class of Group II Certificates (xallocated among the Group II Certificates as described below), until the Certificate Principal Balances thereof have been reduced to zero. (II) On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, distributions in respect of principal to the first extent of the Group II Principal Distribution Amount shall be made in the following amounts and order: (i) to the Holders of the Group II Certificates (allocated among the Group II Certificates as described below), until the Certificate Principal Balances thereof have been reduced to zero; and (ii) after taking into account the amount distributed to the Holders of the Group I Certificates pursuant to Section 4.01(b)(I)(i) above on such Distribution Date, to the Holders of the Class R-Group I Certificates, until the Certificate Principal Balance thereof has been reduced to zero. (III) On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, distributions in respect of principal to the extent of the sum of the Group I Principal Distribution Amount and the Group II Principal Distribution Amount remaining undistributed for such Distribution Date shall be made sequentially to the Class ▇-▇, ▇▇▇▇▇ ▇-▇, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8 and Class M-9 Certificates, in that order, in each case, until the Certificate Principal Balance of each such Class has been reduced to zero. (I) On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, distributions in respect of principal to the extent of the Group I Principal Distribution Amount shall be made in the following amounts and order: (i) to the Holders of the Group I Certificates, the Group I Senior Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; and (ii) to the Holders of each Class of Group II Certificates (allocated among the Group II Certificates as described below), an amount equal to the excess, if any, of (x) the amount required to be distributed pursuant to Section 4.01(c)(II)(i) below for such Distribution Date over (y) the amount actually distributed pursuant to such section from the Group II Principal Distribution Amount on such Distribution Date. (II) On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, distributions in respect of principal to the extent of the Group II Principal Distribution Amount shall be made in the following amounts and order: (i) to the Holders of the Group II Certificates (allocated among the Group II Certificates as described below), the Group II Senior Principal Distribution Amount until the Certificate Principal Balances thereof have been reduced to zero; and (ii) to the Holders of the Group I Certificates, an amount equal to the excess, if any, of (x) the amount required to be distributed pursuant to Section 4.01(c)(I)(i) above for such Distribution Date over (y) the amount actually distributed pursuant to such section from the Group I Principal Distribution Amount on such Distribution Date. (III) On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, distributions in respect of principal to the extent of the sum of the Group I Principal Distribution Amount and the Group II Principal Distribution Amount remaining undistributed for such Distribution Date shall be made in the following amounts and order: (i) to the Holders of the Class M-1 Certificates, the Class M-1 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; (ii) to the Holders of the Class M-2 Certificates, the Class M-2 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; (iii) to the Holders of the Class M-3 Certificates, the Class M-3 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; (iv) to the Holders of the Class M-4 Certificates, the Class M-4 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; (v) to the Holders of the Class M-5 Certificates, the Class M-5 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; (vi) to the Holders of the Class M-6 Certificates, the Class M-6 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; (vii) to the Holders of the Class M-7 Certificates, the Class M-7 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; (viii) to the Holders of the Class M-8 Certificates, the Class M-8 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; and (ix) to the Holders of the Class M-9 Certificates, the Class M-9 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero. With respect to the Group II Certificates, all principal distributions will be distributed sequentially to the Class II-A-1, Class II-A-2, Class II-A-3 and Class II-A-4 Certificates, in that order, until the Certificate Principal Balance of each such Class of Certificates has been reduced to zero; provided, however, on any Distribution Date on which the aggregate Certificate Principal Balance of the Subordinate Certificates has been reduced to zero, all principal distributions will be distributed concurrently to each Class of the Group II Certificates pro rata based on the Certificate Principal Balance of each such Class. (d) On each Distribution Date, the Net Monthly Excess Cashflow shall be distributed as follows: (i) to the Holders of REMIC I Regular Intereststhe Class or Classes of Certificates then entitled to receive distributions in respect of principal, in an amount equal to the remainder any Extra Principal Distribution Amount, distributable to such Holders as part of the Available Group I Principal Distribution Amount and/or the Group II Principal Distribution Amount as described under Section 4.01(b) and Section 4.01(c) above; (ii) sequentially, to the Holders of the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8 and Class M-9 Certificates, in that order, in each case, first up to the Unpaid Interest Shortfall Amount for each such Class and second up to the Allocated Realized Loss Amount for each such Class; (iii) to the Net WAC Rate Carryover Reserve Account, the amount of any Net WAC Rate Carryover Amounts on the Class A and Mezzanine Certificates for such Distribution Date after the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below):Date; (aiv) to the Swap Provider, any Swap Termination Payments resulting from a Swap Provider Trigger Event; (v) to the Holders of the REMIC I Regular Class C Certificates, (a) the Monthly Interest I-LT1Distributable Amount and any remaining Overcollateralization Release Amount for such Distribution Date and (b) on any Distribution Date on which the Certificate Principal Balances of the Class A Certificates and the Mezzanine Certificates have been reduced to zero, 98.00% any remaining amounts in reduction of such remainderthe Certificate Principal Balance of the Class C Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (bvi) if such Distribution Date follows the Prepayment Period during which occurs the latest date on which a Prepayment Charge may be required to be paid in respect of any Mortgage Loans, to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainderClass P Certificates, in reduction of the same proportion as principal payments are allocated Certificate Principal Balance thereof, until the Certificate Principal Balance thereof is reduced to the Corresponding Certificates;zero; and (cvii) any remaining amounts to the Holders of the REMIC I Regular Interest I-LT6Residual Certificates (in respect of the appropriate Class R Interest). On each Distribution Date, 1.00% all amounts representing Prepayment Charges in respect of such remainder; and (d) the Mortgage Loans received during the related Prepayment Period and any Servicer Prepayment Charge Amounts paid by the Servicer during the related Prepayment Period will be withdrawn from the Distribution Account and distributed by the Trustee to the Holders of the REMIC I Regular Interest I-LTP, $100 on Class P Certificates and shall not be available for distribution to the Distribution Date immediately following the expiration Holders of any other Class of Certificates. The payment of the latest Prepayment Charge term as identified on foregoing amounts to the Mortgage Loan Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6, respectivelyClass P Certificates shall not reduce the Certificate Principal Balances thereof.

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders Holders of the Class R Certificates (in respect of the Class R-I CertificatesInterest), as the case may be: (i) first, to the Holders of REMIC I Regular Interests (other than Interest I-LTAA, REMIC Regular Interest I-LTAV1, REMIC I Regular Interest I-LTAV2, REMIC I Regular Interest I-LTAV3A, REMIC I Regular Interest I-LTA3B, REMIC I Regular Interest I-LTAF1, REMIC I Regular Interest I-LTAF2, REMIC I Regular Interest I-LTAF3, REMIC I Regular Interest I-LTAF4, REMIC I Regular Interest I-LTAF5, REMIC I Regular Interest I-LTAF6, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTZZ and REMIC I Regular Interest I-LTP), PRO RATA, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 LTZZ shall be reduced and deferred when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Overcollateralization Target Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 I- LTZZ Uncertificated Interest Deferral Amount; andAmount and such amount will be payable to the Holders of REMIC Regular Interest I-LTAV1, REMIC I Regular Interest I-LTAV2, REMIC I Regular Interest I-LTAV3A, REMIC I Regular Interest I-LTAV3B, REMIC I Regular Interest I-LTAF1, REMIC I Regular Interest I-LTAF2, REMIC I Regular Interest I-LTAF3, REMIC I Regular Interest I-LTAF4, REMIC I Regular Interest I-LTAF5, REMIC I Regular Interest I-LTAF6, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6 and REMIC I Regular Interest I-LTM7 in the same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Certificates and the Uncertificated Principal Balance of the REMIC I Regular Interest I-LTZZ shall be increased by such amount; (ii) to Holders of REMIC I Regular Interest I-LT1SUB, REMIC I Regular Interest I-LT1GRP, REMIC I Regular Interest I-LT2SUB, REMIC I Regular Interest I-LT2GRP, REMIC I Regular Interest I-LT3SUB, REMIC I Regular Interest I-LT3GRP and REMIC I Regular Interest I-LTXX, PRO RATA, in an amount equal to (xA) on the first Uncertificated Interest for such Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance plus (B) any amounts in respect thereof and remaining unpaid from previous Distribution Dates; (yiii) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the REMIC I Marker Allocation Percentage of Available Distribution Amount Funds for such 105 Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below):follows: (a) to the Holders of the REMIC I Regular Interest I-LT1LTAA and REMIC I Regular Interest I-LTP, 98.00% of such remainderremainder (other than amounts payable under clause (iv) below), until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero, provided, however, that REMIC I Regular Interest I-LTP shall not be reduced until the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter, at which point such amount shall be distributed to REMIC I Regular Interest I-LTP, until $100 has been distributed pursuant to this clause; (b) to the Holders of the REMIC I Regular Interest I-LT2LTAV1, REMIC I Regular Interest I-LT3LTAV2, REMIC I Regular Interest I-LT4 LTAV3A, REMIC I Regular Interest I-LTAV3B, REMIC I Regular Interest I-LTAF1, REMIC I Regular Interest I-LTAF2, REMIC I Regular Interest I-LTAF3, REMIC I Regular Interest I-LTAF4, REMIC I Regular Interest I-LTAF5, REMIC I Regular Interest I-LTAF6, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I- LTM5, REMIC I Regular Interest I-LTM6 and REMIC I Regular Interest I-LT5LTM7, 1.00% of such remainderremainder (other than amounts payable under clause (iv) below), in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Balances of such REMIC I Regular Interests are reduced to zero; (c) to the Holders of the REMIC I Regular Interest I-LT6LTZZ, 1.00% of such remainderremainder (other than amounts payable under clause (iv) below), until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero; and (d) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-I Interest); provided, however, that (i) 98.00% and (ii) 2.00% of any principal payments that are attributable to an Overcollateralization Reduction Amount shall be allocated to Holders of (i) REMIC I Regular Interest I-LTAA and REMIC I Regular Interest I-LTP, $100 on in that order and (ii) REMIC I Regular Interest I-LTZZ, respectively; provided that REMIC I Regular Interest I-LTP shall not be reduced until the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Prepayment Charge Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount at which point such amount shall be allocated distributed to Holders of the REMIC I Regular Interest I-LT1 and LTP, until $100 has been distributed pursuant to this clause; and (iv) to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the REMIC I Sub WAC Allocation Percentage of Available Funds for such Distribution Date after the distributions made pursuant to clause (i) above, such that distributions of principal shall be deemed to be made to the REMIC I Regular Interests first, 106 so as to keep the Uncertificated Balance of each REMIC I Regular Interest ending with the designation "GRP" equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group; second, to each REMIC I Regular Interest ending with the designation "SUB," so that the Uncertificated Balance of each such REMIC I Regular Interest is equal to 0.01% of the excess of (x) the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group over (y) the current Certificate Principal Balance of the Class A Certificate in the related Loan Group (except that if any such excess is a larger number than in the preceding distribution period, the least amount of principal shall be distributed to such REMIC I Regular Interests such that the REMIC I Subordinated Balance Ratio is maintained); and third, any remaining principal to REMIC I Regular Interest I- LTXX. Notwithstanding the priorities and amounts of distribution of funds pursuant to this Section 4.01(a)(1), actual distributions of Available Funds shall be made only in accordance with Section 4.01(a)(2), (3) and (4). (I-LT6) On each Distribution Date, the Trustee shall withdraw from the Distribution Account an amount equal to the Group I Interest Remittance Amount and distribute to the Certificateholders the following amounts, in the following order of priority: (i) concurrently, to the Holders of each Class of Group I Certificates, on a PRO RATA basis based on the entitlement of each such Class, the Senior Interest Distribution Amount related to such Certificates; and (ii) concurrently, to the Holders of each Class of Group II Certificates and Group III Certificates, on a PRO RATA basis based on the entitlement of each such Class, the Senior Interest Distribution Amount related to such Certificates, to the extent remaining undistributed after the distribution of the Group II Interest Remittance Amount and the Group III Interest Remittance Amount, respectively, as set forth in Sections 4.01(a)(2)(II)(i) and 4.01(a)(2)(III)(i)below. (II) On each Distribution Date, the Trustee shall withdraw from the Distribution Account an amount equal to the Group II Interest Remittance Amount and distribute to the Certificateholders the following amounts, in the following order of priority: (i) concurrently, to the Holders of each Class of Group II Certificates, on a PRO RATA basis based on the entitlement of each such Class, the Senior Interest Distribution Amount related to such Certificates; and (ii) concurrently, to the Holders of each Class of Group I Certificates and Group III Certificates, on a PRO RATA basis based on the entitlement of each such Class, the Senior Interest Distribution Amount related to such Certificates, to the extent remaining undistributed after the distribution of the Group I Interest Remittance Amount and Group III Interest Remittance Amount, respectively, as set forth in Sections 4.01(a)(2)(I)(i) above and 4.01(a)(2)(III)(i) below. 107 (III) On each Distribution Date, the Trustee shall withdraw from the Distribution Account an amount equal to the Group III Interest Remittance Amount and distribute to the Certificateholders the following amounts, in the following order of priority: (i) to the Holders of each Class of Group III Certificates, on a PRO RATA basis based on the entitlement of each such Class, the Senior Interest Distribution Amount related to such Certificates; and (ii) concurrently, to the Holders of each Class of Group I Certificates and Group III Certificates, on a PRO RATA basis based on the entitlement of each such Class, the Senior Interest Distribution Amount related to such Certificates, to the extent remaining undistributed after the distribution of the Group I Interest Remittance Amount and Group II Interest Remittance Amount, respectively, as set forth in Sections 4.01(a)(2)(I)(i) and 4.01(a)(2)(II)(i) above. (IV) On each Distribution Date, following the distributions of interest set forth in Sections 4.01(a)(I), (II) and (III), the sum of the Group I Interest Remittance Amount, the Group II Interest Remittance Amount and the Group III Interest Remittance Amount remaining will be distributed sequentially to the Class M-1, Class M-2, Class M-3, Cla▇▇ ▇-▇, ▇▇▇▇▇ M-5, Class M-6 and Class M-7 Certificates, in that order, in an amount equal to the Interest Distribution Amount for each such Class. (I) On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, the Group I Principal Distribution Amount shall be distributed in the following order of priority: (i) to the Holders of the Group I Certificates (allocated among such Certificates in the priority described below), until the Certificate Principal Balance of each such Class has been reduced to zero; and (ii) concurrently, to the holders of the Group II Certificates (allocated among such Certificates in the priority described below) and the Group III Certificates (allocated among such Certificates in the priority described below), on a PRO RATA basis based on the aggregate Certificate Principal Balance of each such group, after taking into account the distribution of the Group II Principal Distribution Amount and the Group III Principal Distribution Amount already distributed, respectively, as set forth in Sections 4.01(a)(3)(II) and (III) below, until the Certificate Principal Balance of each Class in each such group has been reduced to zero. (II) On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, the Group II Principal Distribution Amount shall be distributed in the following order of priority: (i) concurrently, to the Holders of the Group II Certificates (allocated among such Certificates in the priority described below), on a PRO RATA basis based on the Certificate 108 Principal Balance of each such Class, until the Certificate Principal Balance of each such Class has been reduced to zero; and (ii) concurrently, to the Holders of the Group I Certificates (allocated among such Certificates in the priority described below) and the Group III Certificates (allocated among such Certificates in the priority described below), on a PRO RATA basis based on the Certificate Principal Balance of each such group, after taking into account the distribution of the Group I Principal Distribution Amount and the Group III Principal Distribution Amount already distributed, respectively, as set forth in Section 4.01(a)(3)(I) above and 4.01(a)(3)(III) below, until the Certificate Principal Balance of each Class in each such group has been reduced to zero. (III) On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, the Group III Principal Distribution Amount shall be distributed in the following order of priority: (i) to the Holders of the Group III Certificates (allocated among such Certificates in the priority described below), until the Certificate Principal Balance of such Class has been reduced to zero; and (ii) concurrently, to the holders of the Group I Certificates (allocated among such Certificates in the priority described below) and the Group II Certificates (allocated among such Certificates in the priority described below), on a PRO RATA basis based on the aggregate Certificate Principal Balance of each such group, after taking into account the distribution of the Group I Principal Distribution Amount and the Group II Principal Distribution Amount already distributed, respectively, as set forth in Sections 4.01(a)(3)(I) and (II) above, until the Certificate Principal Balance of each Class in each such group has been reduced to zero. (IV) On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, distributions in respect of principal to the extent of the sum of the Group I Principal Distribution Amount, the Group II Principal Distribution Amount and the Group III Principal Distribution Amount remaining undistributed for such Distribution Date will be made sequentially to the Class M-1, Class M-2, Class M-3, Cla▇▇ ▇-▇, ▇▇▇▇▇ M-5, Class M-6 and Class M-7 Certificates, in that order, until the Certificate Principal Balance of each such Class has been reduced to zero. (V) On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, the Group I Principal Distribution Amount shall be distributed in the following order of priority: (i) to the Holders of the Group I Certificates (allocated among such Certificates in the priority described below), the Class A-I Principal Distribution Amount, until the Certificate Principal Balances thereof have been reduced to zero; and 109 (ii) concurrently, to the Holders of the Group II Certificates (allocated among such Certificates in the priority described below) and the Group III Certificates (allocated among such Certificates in the priority described below), on a PRO RATA basis based on the remaining undistributed Class A-II Principal Distribution Amount and the Class A-III Principal Distribution Amount, after taking into account the distribution of the Group II Principal Distribution Amount and the Group III Principal Distribution Amount, respectively, as set forth in Sections 4.01(a)(3)(VI) and (VII) below, up to an amount equal to the Class A-II Principal Distribution Amount and the Class A-III Principal Distribution Amount, respectively, remaining undistributed, until the Certificate Principal Balance of each Class in each such group has been reduced to zero. (VI) On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, the Group II Principal Distribution Amount shall be distributed in the following order of priority: (i) to the Holders of the Group II Certificates (allocated among such Certificates in the priority described below), the Class A-II Principal Distribution Amount, until the Certificate Principal Balances thereof have been reduced to zero; and (ii) concurrently, to the Holders of the Group I Certificates (allocated among such Certificates in the priority described below) and the Group III Certificates (allocated among such Certificates in the priority described below), on a PRO RATA basis based on the remaining undistributed Class A-I Principal Distribution

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may be: (i) to the Holders of REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP), in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LTP, on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter until $100 has been distributed pursuant to this clause; (b) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of the amount remaining after application of clause (a), until the Uncertificated Balance of such remainderREMIC I Regular Interest is reduced to zero and any remaining amount to the Holders of the Class R-I Certificates; (bc) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainderthe amount remaining after application of clause (a), in the same proportion as principal payments are allocated to the Corresponding Certificates;, until the Uncertificated Balances of such REMIC I Regular Interests are reduced to zero and any remaining amount to the Holders of the Class R-I Certificates; and (cd) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of the amount remaining after application of clause (a), until the Uncertificated Balance of such remainder; and (d) REMIC I Regular Interest is reduced to zero and any remaining amount to the Holders of the REMIC Class R-I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafterCertificates; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6, respectively.

Distributions. (a) (1)(AA) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may be: (i) first, with respect to the Mortgage Loans with an Expense Adjusted Mortgage Rate as of the Cut-off Date of less than 6.00%, to the Holders of REMIC I Regular Interests Interest I-LTB, in an amount equal to (other than A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates and with respect to the Mortgage Loans with an Expense Adjusted Mortgage Rate as of the Cut- off Date of 6.00% or greater, first to the Holders of REMIC I Regular Interest I-LTC, REMIC I Regular Interest I-LTD and REMIC I Regular Interest LT-E, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates and second, to the Holders of REMIC I Regular Interest I-LTA and I-LTP), in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; and; (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of such remainder; (b) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainder; and (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafterthereafter until $100 has been distributed pursuant to this clause; (iii) on each Distribution Date, the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clause (i) and clause (ii) above, with respect to the Mortgage Loans with an Expense Adjusted Mortgage Rate as of the Cut-off Date of less than 6.00%, to the Holders of REMIC I Regular Interest I-LTB until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero and with respect to the Mortgage Loans with an Expense Adjusted Mortgage Rate as of the Cut-off Date of 6.00% or greater, in the following order, to the Holders of REMIC I Regular Interest I-LTA, REMIC I Regular Interest I-LTE, REMIC I Regular Interest I-LTD and REMIC I Regular Interest I-LTC until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero; and (iv) to the Holders of the Class R-I Certificates, any amounts remaining after the distributions pursuant to clauses (i) through (iii) above. On each Distribution Date, all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period will be distributed by REMIC I to the Holders of REMIC I Regular Interest I-LTP. The payment of the foregoing amounts to the Holders of REMIC I Regular Interest I-LTP shall not reduce the Uncertificated Balance thereof. (B) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC II to REMIC III on account of the REMIC II Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-II Certificates, as the case may be: (i) first, to the Holders of REMIC II Regular Interest II-LTIO, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates and then to Holders of REMIC II Regular Interest II-LTAA, REMIC Regular Interest II-LTA, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTZZ and REMIC II Regular Interest II-LTP, pro rata, in an amount equal to (A) the Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. Amounts payable as Uncertificated Interest in respect of REMIC II Regular Interest II-LTZZ shall be reduced when the REMIC II Overcollateralization Amount is less than the REMIC II Required Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the Maximum II-LTZZ Uncertificated Interest Deferral Amount and such amount will be payable to the Holders of REMIC II Regular Interest II-LTA, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2 and REMIC II Regular Interest II- LTM3 in the same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Certificates; (ii) second, to the Holders of REMIC II Regular Interests, in an amount equal to the remainder of the Available Funds for such Distribution Date after the distributions made pursuant to clause (i) above, allocated as follows: (a) to the Holders of REMIC II Regular Interest II-LTAA, 98.00% of such remainder, until the Uncertificated Balance of such Uncertificated REMIC II Regular Interest is reduced to zero; (b) to the Holders of REMIC II Regular Interest II-LTA, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2 and REMIC II Regular Interest II-LTM3, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Balances of such REMIC II Regular Interests are reduced to zero; (c) to the Holders of REMIC II Regular Interest II-LTZZ, 1.00% of such remainder, until the Uncertificated Balance of such REMIC II Regular Interest is reduced to zero; (d) to the Holders of REMIC II Regular Interest II-LTP, on the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter until $100 has been distributed pursuant to this clause; then (e) any remaining amount to the Holders of the Class R-II Certificates; and (iii) third, to REMIC II Regular Interest II-LTP, 100% of the amount paid in respect of REMIC I Regular Interest I-LTP; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a an Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I II Regular Interest III-LT1 LTAA and REMIC I II Regular Interest III-LT6LTZZ, respectively.

Distributions. (a) (1)(A) 1 On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests and distributed to the holders of the Class R Certificates (in respect of the Class R-I Interest), as the case may be: With respect to the Group I Mortgage Loans: (1) to Holders of REMIC I Regular Interest I, REMIC I Regular Interest I-LTP and each of REMIC I Regular Interest I-1-A through I-60-B, pro rata, in an amount equal to (A) Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates. (2) to the extent of amounts remaining after the distributions made pursuant to clause (1) above, payments of principal shall be allocated as follows: first, to REMIC I Regular Interest I and then to REMIC I Regular Interests I-1-A through I-60-B starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such payments of principal shall be allocated pro rata between such REMIC I Regular Interests, and second, to the extent of the product of (a) any Overcollateralization Reduction Amounts multiplied by (b) a fraction, the numerator of which is the aggregate Stated Principal Balance of the Group I Mortgage Loans and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans, to REMIC I Regular Interest I until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero; and (3) to the Holders of REMIC I Regular Interest I-60-B, (A) all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period and (B) on the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter until $100 has been distributed pursuant to this clause. With respect to the Group II Mortgage Loans: (1) to Holders of REMIC I Regular Interest II and each of REMIC I Regular Interest II-1-A through II-60-B, pro rata, in an amount equal to (A) Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates. (2) to the extent of amounts remaining after the distributions made pursuant to clause (1) above, payments of principal shall be allocated as follows: first, to REMIC I Regular Interest II and then to REMIC I Regular Interests II-1-A through II-60-B starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such payments of principal shall be allocated pro rata between such REMIC I Regular Interests, and second, to the extent of the product of (a) any Overcollateralization Reduction Amounts multiplied by (b) a fraction, the numerator of which is the aggregate Stated Principal Balance of the Group I Mortgage Loans and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans, to REMIC I Regular Interest II until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero. (3) On each Distribution Date, all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period shall be distributed by REMIC I to the Holders of REMIC I Regular Interest II-60-B. The payment of the foregoing amounts to the Holders of REMIC I Regular Interest I-LTP shall not reduce the Uncertificated Balance thereof. (1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC II to REMIC III on account of the REMIC II Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-I CertificatesII Interest), as the case may be: (i) (a) to the Holders of REMIC I Regular Interests (other than REMIC I II Regular Interest III-LTP)LTIO, in an amount equal to (A) the Uncertificated Interest for such REMIC II Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of such remainder; (b) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainder; and (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6, respectively.

Distributions. (a) (1)(A1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-I CertificatesInterest), as the case may be: With respect to the Group I Mortgage Loans: (1) to Holders of REMIC I Regular Interest I, and each of REMIC I Regular Interest I-1-A through I-48-B, PRO RATA, in an amount equal to (A) Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates; (2) to the extent of amounts remaining after the distributions made pursuant to clause (i) above, payments of principal shall be allocated as follows: first, to REMIC I Regular Interests I-1-A through I-48-B starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such payments of principal shall be allocated PRO RATA between such REMIC I Regular Interests, and second, to the extent of the product of (a) any Overcollateralization Reduction Amounts multiplied by (b) a fraction, the numerator of which is the aggregate Scheduled Principal Balance of the Group I Mortgage Loans and the denominator of which is the aggregate Scheduled Principal Balance of the Mortgage Loans, to REMIC I Regular Interest I until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero; and (3) to the Holders of REMIC I Regular Interests Interest P, (other than A) all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period and (B) on the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter until $100 has been distributed pursuant to this clause. With respect to the Group II Mortgage Loans: (1) to Holders of REMIC I Regular Interest II and each of REMIC I Regular Interest II-1-LTPA through II-48-B, PRO RATA, in an amount equal to (A) Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates. to the extent of amounts remaining after the distributions made pursuant to clause (i) above, payments of principal shall be allocated as follows: first, to REMIC I Regular interests II-1-A through II-48-B starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such payments of principal shall be allocated PRO RATA between such REMIC I Regular Interests, and second, to the extent of the product of (a) any Overcollateralization Reduction Amounts multiplied by (b) a fraction, the numerator of which is the aggregate Scheduled Principal Balance of the Group I Mortgage Loans and the denominator of which is the aggregate Scheduled Principal Balance of the Mortgage Loans, to REMIC I Regular Interest I until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero. On each Distribution Date, all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period shall be distributed by REMIC I to the Holders of REMIC I Regular Interest P. The payment of the foregoing amounts to the Holders of REMIC I Regular Interest P shall not reduce the Uncertificated Balance thereof. (1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC II to REMIC III on account of the REMIC II Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-II Interest), as the case may be: (i) first, to the Holders of REMIC II Regular Interest II-IO, in an amount equal to (A) Uncertificated Interest for such REMIC II Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates and second, to the Holders of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2a, REMIC II Regular Interest II-LTA2b, REMIC II Regular Interest II-LTA2c, REMIC II Regular Interest II-LTA2d, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10 and REMIC II Regular Interest II-LTZZ, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I II Regular Interest III-LT6 LTZZ shall be reduced when the sum of the REMIC I Overcollateralized II Overcollateralization Amount is less than the REMIC I Required Overcollateralized II Overcollateralization Target Amount, by the lesser of (x) the amount of such difference and (y) the Maximum III-LT6 LTZZ Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof Amount and (y) on each Distribution Date, such amounts will be payable to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the II REMIC I II Regular Interest III-LT1LTA1, 98.00% of such remainder; (b) to the Holders of the REMIC I II Regular Interest III-LT2LTA2a, REMIC I II Regular Interest III-LT3LTA2b, REMIC I II Regular Interest III-LT4 LTA2c, REMIC II Regular Interest II-LTA2d, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9 and REMIC I II Regular Interest III-LT5, 1.00% of such remainder, LTM10 in the same proportion as principal payments are the Overcollateralization Increase Amount is allocated to the Corresponding Certificates; (c) to Certificates and the Holders Uncertificated Balance of the REMIC I II Regular Interest III-LT6, 1.00% of LTZZ shall be increased by such remainderamount; and (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6, respectively.

Distributions. (a) (1)(A1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders Holders of the Class R Certificates (in respect of the Class R-I CertificatesInterest), as the case may be: (i) first, to the Holders of REMIC I Regular Interests (other than Interest I-LTAA, REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I- LTA3, REMIC I Regular Interest I-LTA4, REMIC I Regular Interest I-LTA5, REMIC I Regular Interest I-LTA6, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I- LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I- LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9, REMIC I Regular Interest I-LTM10, REMIC I Regular Interest I-LTM11, REMIC I Regular Interest I-LTZZ and REMIC I Regular Interest I-LTP), PRO RATA, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 LTZZ shall be reduced and deferred when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Overcollateralization Target Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 I- LTZZ Uncertificated Interest Deferral Amount; andAmount and such amount will be payable to the Holders of REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTA3, REMIC I Regular Interest I-LTA4, REMIC I Regular Interest I- LTA5, REMIC I Regular Interest I-LTA6, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I- LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I- LTM9, REMIC I Regular Interest I-LTM10 and REMIC I Regular Interest I-LTM11 in the same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Certificates and the Uncertificated Principal Balance of the REMIC I Regular Interest I-LTZZ shall be increased by such amount; (ii) (x) on the first Distribution Date, to the Holders of REMIC I Regular Interest I-LT1SUB, REMIC I Regular Interest I-LT1GRP, REMIC I Regular Interest I-LT2SUB, REMIC I Regular Interest I- LT2GRP and REMIC I Regular Interest I-LTXX, PRO RATA, in an amount equal to (A) the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates; (iii) to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the REMIC I Marker Allocation Percentage of Available Distribution Amount Funds for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below):follows: (a) to the Holders of the REMIC I Regular Interest I-LT1LTAA and REMIC I Regular Interest I-LTP, 98.00% of such remainderremainder (other than amounts payable under clause (iv) below), until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero, provided, however, that REMIC I Regular Interest I-LTP shall not be reduced until the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter, at which point such amount shall be distributed to REMIC I Regular Interest I-LTP, until $100 has been distributed pursuant to this clause; (b) to the Holders of the REMIC I Regular Interest I-LT2LTA1, REMIC I Regular Interest I-LT3LTA2, REMIC I Regular Interest I-LT4 LTA3, REMIC I Regular Interest I- LTA4, REMIC I Regular Interest I-LTA5, REMIC I Regular Interest I-LTA6, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I- LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9, REMIC I Regular Interest I-LTM10 and REMIC I Regular Interest I-LT5, LTM11 1.00% of such remainderremainder (other than amounts payable under clause (iv) below), in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Balances of such REMIC I Regular Interests are reduced to zero; (c) to the Holders of the REMIC I Regular Interest I-LT6LTZZ, 1.00% of such remainderremainder (other than amounts payable under clause (iv) below), until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero; and (d) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-I Interest); provided, however, that (i) 98.00% and (ii) 2.00% of any principal payments that are attributable to an Overcollateralization Reduction Amount shall be allocated to the Holders of (i) REMIC I Regular Interest I-LTAA and REMIC I Regular Interest I-LTP, $100 on in that order and (ii) REMIC I Regular Interest I-LTZZ, respectively; provided that REMIC I Regular Interest I-LTP shall not be reduced until the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Prepayment Charge Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount at which point such amount shall be allocated distributed to Holders of the REMIC I Regular Interest I-LT1 and LTP, until $100 has been distributed pursuant to this clause; and (iv) to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the REMIC I Sub WAC Allocation Percentage of Available Funds for such Distribution Date after the distributions made pursuant to clause (i) above, such that distributions of principal shall be deemed to be made to the REMIC I Regular Interests FIRST, so as to keep the Uncertificated Balance of each REMIC I Regular Interest ending with the designation "GRP" equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group; SECOND, to each REMIC I Regular Interest ending with the designation "SUB," so that the Uncertificated Balance of each such REMIC I Regular Interest is equal to 0.01% of the excess of (x) the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group over (y) the current Certificate Principal Balance of the Class A Certificate in the related Loan Group (except that if any such excess is a larger number than in the preceding distribution period, the least amount of principal shall be distributed to such REMIC I Regular Interests such that the REMIC I Subordinated Balance Ratio is maintained); and THIRD, any remaining principal to REMIC I Regular Interest I- LTXX. Notwithstanding the priorities and amounts of distribution of funds pursuant to this Section 4.01(a)(1), actual distributions of Available Funds shall be made only in accordance with Section 4.01(a)(2), (3) and (4). (I) On each Distribution Date, the Trustee shall withdraw from the Distribution Account an amount equal to the Group I Interest Remittance Amount and distribute to the Certificateholders the following amounts, in the following order of priority: (i) to the Certificate Insurer, the amount owing to the Certificate Insurer under the Insurance Agreement for the Certificate Insurer Premium; (ii) to the Holders of the Group I Certificates, the Senior Interest Distribution Amount related to such Certificates; (iii) to the Certificate Insurer, the Reimbursement Amount for such Distribution Date; and (iv) concurrently, to the Holders of each Class of Group II Certificates, on a pro rata basis based on the entitlement of each such Class, the Senior Interest Distribution Amount for each such Class, to the extent remaining unpaid after the distribution of the Group II Interest Remittance Amount, as set forth in Section 4.01(a)(2)(II)(i) below. (II) On each Distribution Date, the Trustee shall withdraw from the Distribution Account an amount equal to the Group II Interest Remittance Amount and distribute to the Certificateholders the following amounts, in the following order of priority: (i) concurrently, to the Holders of each Class of Group II Certificates, on a pro rata basis based on the entitlement of each such Class, the Senior Interest Distribution Amount related to such Certificates; (ii) to the holders of the Group I Certificates any undistributed Senior Interest Distribution Amount related to such Certificates, unpaid after the distribution of the Group I Interest Remittance Amount, as set forth in Section 4.01(a)(2)(I)(ii) above; (iii) to the Certificate Insurer, the amount owing to the Certificate Insurer under the Insurance Agreement for the Certificate Insurer Premium, to the extent remaining unpaid after the distribution of the Group I Interest Remittance Amount, as set forth in Section 4.01(a)(2)(I)(i); and (iv) to the Certificate Insurer, the Reimbursement Amount for such Distribution Date, to the extent not paid pursuant to Section 4.01(a)(2)(I)(iii). (III) On each Distribution Date, following the distributions made pursuant to Section 4.01(a)(2)(I) and (II) above, the Trustee shall withdraw from the Distribution Account an amount equal to any remaining Group I Interest Remittance Amount and Group II Interest Remittance Amount and will be distributed sequentially to the Class M-1, Class M-2, Class M-▇, ▇▇▇▇▇ ▇-LT6▇, respectivelyClass M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that order, in an amount equal to the Interest Distribution Amount for each such Class. (I) On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, the Group I Principal Distribution Amount shall be distributed in the following order of priority: (i) to the Holders of the Group I Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (ii) to the Certificate Insurer, the Reimbursement Amount for such Distribution Date, to the extent not paid pursuant to Sections 4.01(a)(2)(I)(iii) and 4.01(a)(2)(II)(iv); and (iii) to the Holders of the Group II Certificates (allocated among the Classes of Group II Certificates in the priority described in Section 4.01(a)(5) below), after taking into account the distribution of the Group II Principal Distribution Amount, as described in Section 4.01(a)(3)(II) below, until the Certificate Principal Balances of such Classes have been reduced to zero. (II) On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, the Group II Principal Distribution Amount shall be distributed in the following order of priority: (i) to the Holders of the Group II Certificates (allocated among the Classes of Group II Certificates in the priority described in Section 4.01(a)(5) below), until the Certificate Principal Balances of such Classes have been reduced to zero; and (ii) to the Holders of the Group I Certificates, after taking into account the distribution of the Group I Principal Distribution Amount and the Group I Principal Distribution Amount already distributed as set forth in Section 4.01(a)(3)(I) above until the Certificate Principal Balance thereof has been reduced to zero. 100 (III) On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, the Trustee shall withdraw from the Distribution Account an amount equal to the sum of the Group I Principal Distribution Amount and the Group II Principal Distribution Amount remaining undistributed for such Distribution Date will be distributed sequentially to the Class M-1, Class M-2, Class ▇-▇, ▇▇ass M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that order, in each case, until the Certificate Principal Balance of such Class has been reduced to zero. (IV) On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, the Group I Principal Distribution Amount shall be distributed in the following order of priority: (i) to the Holders of the Group I Certificates, the Senior Group I Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; (ii) to the Certificate Insurer, the Reimbursement Amount for such Distribution Date, to the extent not paid pursuant to the foregoing provisions; and (iii) to the Holders of the Group II Certificates (allocated among the Classes of Group II Certificates in the priority described in Section 4.01(a)(5) below), after taking into account the distribution of the Group II Principal Distribution Amount, as described in Section 4.01(a)(3)(V)(i) below, up to an amount equal to the Senior Group II Principal Distribution Amount remaining undistributed, until the Certificate Principal Balances of such Classes have been reduced to zero. (V) On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, the Group II Principal Distribution Amount shall be distributed in the following order of priority: (i) to the Holders of the Group II Certificates (allocated among the Classes of Group II Certificates in the priority described in Section 4.01(a)(5) below), the Senior Group II Principal Distribution Amount, until the Certificate Principal Balances of such Classes have been reduced to zero; and (ii) to the Holders of the Group I Certificates after taking into account the distribution of the Group I Principal Distribution Amount, as set forth in Section 4.01(a)(3)(IV) above, up to an amount equal to the Senior Group I Principal Distribution Amount remaining undistributed, until the Certificate Principal Balance thereof has been reduced to zero. (VI) On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, the sum of the Group I Principal Distribution Amount and the Group II Principal Distribution Amount remaining undistributed for such Distribution Date shall be distributed in the following order of priority: 101 (i) to the Holders of the Class M-1 Certificates, the Class M-1 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; (ii) to the Holders of the Class M-2 Certificates, the Class M-2 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; (iii) to the Holders of the Class M-3 Certificates, the Class M-3 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; (iv) to the Holders of the Class M-4 Certificates, the Class M-4 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; (v) to the Holders of the Class M-5 Certificates, the Class M-5 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; (vi) to the Holders of the Class M-6 Certificates, the Class M-6 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero;

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-I CertificatesInterest), as the case may be: With respect to the Group I Mortgage Loans: (i) to the Holders of REMIC I Regular Interests (other than Interest I-LT1, REMIC I Regular Interest I-LTP), LT1PF and REMIC I Regular Interest I-LTP in an amount equal to (A) the Uncertificated Interest for each REMIC I Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; and; (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of such remainder; (b) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainder; and (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Prepayment Charge Schedule or any Distribution Date thereafterthereafter until $100 has been distributed pursuant to this clause; provided, however, that 98.00% and 2.00% of any principal payments that are attributable and (iii) to a Overcollateralization Reduction Amount shall be allocated to the Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6LT1PF, respectivelyin an amount equal to the remainder of the Available Funds for such Distribution Date after the distributions made pursuant to clause (i) above, allocated as follows: (a) to the Holders of REMIC I Regular Interest I-LT1, until the Uncertificated Balance of REMIC I Regular Interest I-LT1 is reduced to zero; (b) to the Holders of REMIC I Regular Interest I-LT1PF, until the Uncertificated Balance of REMIC I Regular Interest I-LT1PF is reduced to zero; and (c) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-I Interest); provided, however, that for the first three Distribution Dates, such amounts relating to the Initial Group I Mortgage Loans shall be allocated to REMIC I Regular Interest I-LT1 and such amounts relating to the Subsequent Group I Mortgage Loans shall be allocated to REMIC I Regular Interest I-LT1PF. With respect to the Group II Mortgage Loans: (i) to the Holders of REMIC Regular Interest I-LT2 and REMIC I Regular Interest I-LT2PF in an amount equal to (A) the Uncertificated Interest for each REMIC I Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates; and (ii) to the Holders of REMIC I Regular Interest I-LT2 and REMIC I Regular Interest I-LT2PF, in an amount equal to the remainder of the Available Funds for such Distribution Date after the distributions made pursuant to clause (i) above, allocated as follows: (a) to the Holders of REMIC I Regular Interest I-LT2, until the Uncertificated Balance of REMIC I Regular Interest I-LT2 is reduced to zero; (b) to the Holders of REMIC I Regular Interest I-LT2PF, until the Uncertificated Balance of REMIC I Regular Interest I-LT2PF is reduced to zero; and (c) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-I Interest); provided, however, that for the first three Distribution Dates, such amounts relating to the Initial Group II Mortgage Loans shall be allocated to REMIC I Regular Interest I-LT2 and such amounts relating to the Subsequent Group II Mortgage Loans shall be allocated to REMIC I Regular Interest I-LT2PF. On each Distribution Date, all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period shall be distributed by REMIC I to the Holders of the REMIC I Regular Interest P. The payment of the foregoing amounts to the Holders of the REMIC I Regular Interest P shall not reduce the Uncertificated Balance thereof.

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates, in respect of the Class R-I CertificatesInterest, as the case may be: (i) first, to the Holders of REMIC I Regular Interests (other than Interest I-LTIO-1 and REMIC I Regular Interest I-LTIO-2 in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates and second, to the Holders of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT2 and I-LTP), in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; and; (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of such remainder; (b) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainder; and (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; providedthereafter until $100 has been distributed pursuant to this clause; (iii) on each Distribution Date, however, that 98.00% the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clause (i) and 2.00% of any principal payments that are attributable clause (ii) above to a Overcollateralization Reduction Amount shall be allocated to the Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6LT2 until the Uncertificated Balance of REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT2 is reduced to zero; and (iv) to the Holders of the Class R Certificates, respectivelyin respect of the Class R-I Interest, any amounts remaining after the distributions pursuant to clauses (i) through (iii) above. On each Distribution Date, all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period will be distributed by REMIC I to the Holders of REMIC I Regular Interest I-LTP. The payment of the foregoing amounts to the Holders of REMIC I Regular Interest I-LTP shall not reduce the Uncertificated Balance thereof.

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may be: (i) to the Holders of REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP), in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-I- LT6 Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LTP, on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter until $100 has been distributed pursuant to this clause; (b) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of the amount remaining after application of clause (a), until the Uncertificated Balance of such remainderREMIC I Regular Interest is reduced to zero and any remaining amount to the Holders of the Class R-I Certificates; (bc) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainderthe amount remaining after application of clause (a), in the same proportion as principal payments are allocated to the Corresponding Certificates;, until the Uncertificated Balances of such REMIC I Regular Interests are reduced to zero and any remaining amount to the Holders of the Class R-I Certificates; and (cd) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of the amount remaining after application of clause (a), until the Uncertificated Balance of such remainder; and (d) REMIC I Regular Interest is reduced to zero and any remaining amount to the Holders of the REMIC Class R-I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafterCertificates; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6, respectively.

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests and distributed to the holders of the Class R Certificates (in respect of the Class R-I Interest), as the case may be: With respect to the Group I Mortgage Loans: (1) to Holders of REMIC I Regular Interest I, and each of REMIC I Regular Interest I-1-A through I-40-B, pro rata, in an amount equal to (A) Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates. (2) to the extent of amounts remaining after the distributions made pursuant to clause (i) above, payments of principal shall be allocated as follows: first, to REMIC I Regular interests I-1-A through I-40-B starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such payments of principal shall be allocated pro rata between such REMIC I Regular Interests, and second, to the extent of the product of (a) any Overcollateralization Reduction Amounts multiplied by (b) a fraction, the numerator of which is the aggregate Stated Principal Balance of the Group I Mortgage Loans and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans, to REMIC I Regular Interest I until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero; and (3) to the Holders of REMIC I Regular Interest I-LTP, (A) all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period and (B) on the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter until $100 has been distributed pursuant to this clause. With respect to the Group II Mortgage Loans: (1) to Holders of REMIC I Regular Interest I and each of REMIC I Regular Interest II-1-A through II-40-B, pro rata, in an amount equal to (A) Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates. (2) to the extent of amounts remaining after the distributions made pursuant to clause (i) above, payments of principal shall be allocated as follows: first, to REMIC I Regular interests II-1-A through II-40-B starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such payments of principal shall be allocated pro rata between such REMIC I Regular Interests, and second, to the extent of the product of (a) any Overcollateralization Reduction Amounts multiplied by (b) a fraction, the numerator of which is the aggregate Stated Principal Balance of the Group I Mortgage Loans and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans, to REMIC I Regular Interest I until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero. On each Distribution Date, all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period shall be distributed by REMIC I to the Holders of REMIC I Regular Interest I. The payment of the foregoing amounts to the Holders of REMIC I Regular Interest I shall not reduce the Uncertificated Balance thereof. (1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC II to REMIC III on account of the REMIC II Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-I CertificatesII Interest), as the case may be: (i) (a) to the Holders of REMIC I Regular Interests (other than REMIC I II Regular Interest III-LTAA, REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTA5, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10, REMIC II Regular Interest II-LTM11, REMIC II Regular Interest II-LTM12, REMIC II Regular Interest II-LTZZ and REMIC II Regular Interest II-LTP), pro rata, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I II Regular Interest III-LT6 LTZZ shall be reduced and deferred when the REMIC I II Overcollateralized Amount is less than the REMIC I II Required Overcollateralized Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the Maximum III-LT6 LTZZ Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof Amount and (y) on each Distribution Date, such amount will be payable to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I II Regular Interest III-LT1LTA1, 98.00% of such remainder; (b) to the Holders of the REMIC I II Regular Interest III-LT2LTA2, REMIC I II Regular Interest III-LT3LTA3, REMIC I II Regular Interest III-LT4 LTA4, REMIC II Regular Interest II-LTA5, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10, REMIC II Regular Interest II-LTM11 and REMIC I II Regular Interest III-LT5, 1.00% of such remainder, LTM12 in the same proportion as principal payments are the Overcollateralization Deficiency Amount is allocated to the Corresponding Certificates; (c) to Certificates and the Holders Uncertificated Balance of the REMIC I II Regular Interest III-LT6, 1.00% of LTZZ shall be increased by such remainderamount; and (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6, respectively.

Distributions. (a) (1)(A1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-I CertificatesInterest), as the case may be: (i) (a) to the Holders of REMIC I Regular Interests (other than Interest I-LTAA, REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTA3, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTZZ and REMIC I Regular Interest I-LTP), pro rata, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 LTZZ shall be reduced and deferred when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 LTZZ Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof Amount and (y) on each Distribution Date, such amount will be payable to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of such remainder; (b) to the Holders of the REMIC I Regular Interest I-LT2LTA1, REMIC I Regular Interest I-LT3LTA2, REMIC I Regular Interest I-LT4 LTA3, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, LTM7 in the same proportion as principal payments are the Overcollateralization Deficiency Amount is allocated to the Corresponding Certificates; (c) to Certificates and the Holders Uncertificated Balance of the REMIC I Regular Interest I-LT6, 1.00% of LTZZ shall be increased by such remainderamount; and (db) to the Holders of the REMIC I Regular Interest I-LTPLT1SUB, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 LT1GRP, REMIC I Regular Interest I-LT2SUB, REMIC I Regular Interest I- LT2GRP, REMIC I Regular Interest I-LT3SUB, REMIC I Regular Interest I-LT3GRP and REMIC I Regular Interest I-LT6LTXX, respectively.pro rata, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates;

Distributions. (a) (1)(A1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-I CertificatesInterest), as the case may be: (i) first, to the Holders of REMIC I Regular Interests (other than Interest AA, REMIC I Regular Interest I-LTP)A, REMIC I Regular Interest M1, REMIC I Regular Interest M2, REMIC I Regular Interest M3, REMIC I Regular Interest B1, REMIC I Regular Interest B2, REMIC I Regular Interest B3, REMIC I Regular Interest B4, REMIC I Regular Interest ZZ and REMIC I Regular Interest P, PRO RATA, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 ZZ shall be reduced and deferred when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Overcollateralization Target Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; andAmount and such amount shall be payable to the Holders of REMIC I Regular Interest A, REMIC I Regular Interest M1, REMIC I Regular Interest M2, REMIC I Regular Interest M3, REMIC I Regular Interest B1, REMIC I Regular Interest B2, REMIC I Regular Interest B3 and REMIC I Regular Interest B4 in the same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Certificates and the Uncertificated Principal Balance of the REMIC I Regular Interest ZZ shall be increased by such amount; (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the REMIC Available Distribution Amount Funds for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below):follows: (a) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of such remainder, to the Holders of REMIC I Regular Interest AA and REMIC I Regular Interest P, until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero, provided, however, that REMIC I Regular Interest P shall not be reduced until the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter, at which point such amount shall be distributed to REMIC I Regular Interest P, until $100 has been distributed pursuant to this clause; (b) 2.00% of such remainder, first, to the Holders of the REMIC I Regular Interest I-LT2A, REMIC I Regular Interest I-LT3M1, REMIC I Regular Interest I-LT4 M2, REMIC I Regular Interest M3, REMIC I Regular Interest B1, REMIC I Regular Interest B2, REMIC I Regular Interest B3 and REMIC I Regular Interest I-LT5B4, 1.00% of such remainder, and in the same proportion as principal payments are allocated to the Corresponding Certificates;, until the Uncertificated Balances of such REMIC I Regular Interests are reduced to zero, and second, to the Holders of REMIC I Regular Interest ZZ, until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero; and (c) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-II Interest); provided, however, that (i) 98.00% and (ii) 2.00% of any principal payments that are attributable to an Overcollateralization Reduction Amount shall be allocated to the Holders of (i) REMIC I Regular Interest AA and REMIC I Regular Interest P, in that order and (ii) REMIC I Regular Interest ZZ, respectively; provided that REMIC I Regular Interest P shall not be reduced until the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter, at which point such amount shall be distributed to REMIC I Regular Interest P, until $100 has been distributed pursuant to this clause. Notwithstanding the priorities and amounts of distribution of funds pursuant to this Section 4.01(a)(1), actual distributions of the Available Distribution Amount shall be made only in accordance with Section 4.01(a)(2), (3) and (4). (2) On each Distribution Date, the Trustee shall withdraw the Interest Remittance Amount for such Distribution Date from the Distribution Account and make the following distributions in respect of interest in the following order of priority: (I) to the Holders of the REMIC I Regular Class A Certificates the Class A Interest I-LT6, 1.00% of Distribution Amount related to such remainder; andCertificates (dII) sequentially, to the Holders of the Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3 and Class B-4 Certificates, in that order, an amount equal to the Interest Distribution Amount for each such Class. (3) On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Available Distribution Amount for such Distribution Date remaining after the distributions made pursuant to (2) above and make the following distributions in respect of principal in the following order of priority: (I) On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect: (i) to the Holders of the REMIC I Regular Class A Certificates, the Principal Distribution Amount for such Distribution Date until the Certificate Principal Balance of such Class has been reduced to zero. (ii) sequentially to the Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3 and Class B-4 Certificates, the Principal Distribution Amount remaining, in each case, until the Certificate Principal Balance of such Class has been reduced to zero. (II) On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect: (i) to the Holders of the Class A Certificates, the Class A Principal Distribution Amount, until the Certificate Principal Balances of such Class has been reduced to zero; (ii) to the Holders of the Class M-1 Certificates, the Class M-1 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; (iii) to the Holders of the Class M-2 Certificates, the Class M-2 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; (iv) to the Holders of the Class M-3 Certificates, the Class M-3 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; (v) to the Holders of the Class B-1 Certificates, the Class B-1 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; (vi) to the Holders of the Class B-2 Certificates, the Class B-2 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; (vii) to the Holders of the Class B-3 Certificates, the Class B-3 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; and (viii) to the Holders of the Class B-4 Certificates, the Class B-4 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; (4) On each Distribution Date, the Available Distribution Amount remaining after the distributions pursuant to (2) and (3) above shall be distributed by the Trustee as follows: (i) sequentially, to the Holders of the Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3 and Class B-4 Certificates, in that order, the related Interest I-LTPCarry Forward Amount allocable to such Classes of Certificates; (ii) sequentially, $100 to the Holders of the Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3 and Class B-4 Certificates, in that order, the related Allocated Realized Loss Reimbursement Amount allocable to such Classes of Certificates; (iii) from amounts otherwise distributable to the Holders of the Class C Certificates, (a) first, to the Net WAC Rate Carryover Reserve Account, the amount required by Section 4.09(b) after taking into account amounts, if any, received under the Cap Contract, and (b) second, to maintain a balance in the Net WAC Rate Carryover Reserve Account equal to the Net WAC Rate Carryover Reserve Account Deposit; (iv) to the Holders of the Class C Certificates, (a) the related Interest Distribution Amount and any Overcollateralization Reduction Amount for such Distribution Date and (b) on any Distribution Date on which the Certificate Principal Balances of the Class A Certificates and the Subordinate Certificates have been reduced to zero, any remaining amounts in reduction of the Certificate Principal Balance of the Class C Certificates, until the Certificate Principal Balance thereof has been reduced to zero, in each case, less amounts distributed pursuant to Section 4.01(a)(4)(iii); and (v) to the Holders of the Class R Certificates, any remaining amounts; provided that if such Distribution Date is the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; provided, howeverthen any such remaining amounts shall be distributed first, that 98.00% to the Holders of the Class P Certificates, until the Certificate Principal Balance thereof has been reduced to zero, and 2.00% second, to the Holders of the Class R Certificates. (5) On each Distribution Date, following the foregoing distributions, an amount equal to the amount of Subsequent Recoveries deposited into the Collection Account pursuant to Section 3.05(a)(ii) and included in the Available Distribution Amount for such Distribution Date shall be applied to increase the Certificate Principal Balance of the Class of Certificates with the Highest Priority up to the Allocated Realized Loss Reimbursement Amount for such Class. An amount equal to the amount of any principal payments remaining Subsequent Recoveries shall be applied to increase the Certificate Principal Balance of the Class of Certificates with the next Highest Priority, up to the Allocated Realized Loss Reimbursement Amount for such Class and so on. Holders of such Certificates shall not be entitled to any distribution in respect of interest on the amount of such increases for any Interest Accrual Period preceding 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. (b) On each Distribution Date, after making the distributions of the Available Distribution Amount as set forth above, the Trustee shall FIRST, withdraw from the Net WAC Rate Carryover Reserve Account all net income from the investment of funds in the Net WAC Rate Carryover Reserve Account and distribute such amount to the Holders of the Class C Certificates, and SECOND, withdraw from the Net WAC Rate Carryover Reserve Account, to the extent of amounts remaining on deposit therein, the amount of any Net WAC Rate Carryover Amount for such Distribution Date and distribute such amount as follows: FIRST, to the Class A Certificates, the related Net WAC Rate Carryover Amount, on a PRO RATA basis based on such respective Net WAC Rate Carryover Amounts; and SECOND, sequentially, to the Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3 and Class B-4 Certificates, in that are attributable order, the related Net WAC Rate Carryover Amount. On each Distribution Date, the Trustee shall withdraw any amounts then on deposit in the Distribution Account that represent Prepayment Charges collected by the Servicer, Servicer Prepayment Charge Payment Amounts payable by the Servicer pursuant to a Overcollateralization Reduction Amount Section 2.03(b)(ii), to the extent not related to Principal Prepayments occurring after the related Prepayment Period, and the Trustee shall distribute such amounts to the Holders of the Class P Certificates. Such distributions shall not be applied to reduce the Certificate Principal Balance of the Class P Certificates. (c) All distributions made with respect to each Class of Certificates on each Distribution Date shall be allocated PRO RATA among the outstanding Certificates in such Class based on their respective Percentage Interests. Payments in respect of each Class of Certificates on each Distribution Date shall be made to the Holders of the REMIC I Regular respective Class of record on the related Record Date (except as otherwise provided in Section 4.01(e) or Section 9.01 respecting the final distribution on such Class), based on the aggregate Percentage Interest Irepresented by their respective Certificates, and shall be made by wire transfer of immediately available funds to the account of any such Holder at a bank or other entity having appropriate facilities therefor, if such Holder shall have so notified the Trustee in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date, or otherwise by check mailed by first class mail to the address of such Holder appearing in the Certificate Register. The final distribution on each Certificate shall be made in like manner, but only upon presentment and surrender of such Certificate at the office of the Trustee maintained for such purpose pursuant to Section 8.12 or such other location specified in the notice to Certificateholders of such final distribution. Each distribution with respect to a Book-LT1 Entry Certificate shall be paid to the Depository, as Holder thereof, and REMIC I Regular the Depository shall be responsible for crediting the amount of such distribution to the accounts of its Depository Participants in accordance with its normal procedures. Each Depository Participant shall be responsible for disbursing such distribution to the Certificate Owners that it represents and to each indirect participating brokerage firm (a "brokerage firm" or "indirect participating firm") for which it acts as agent. Each brokerage firm shall be responsible for disbursing funds to the Certificate Owners that it represents. None of the Trustee, the Certificate Registrar, the Depositor or the Servicer shall have any responsibility therefor except as otherwise provided by this Agreement or applicable law. (d) The rights of the Certificateholders to receive distributions in respect of the Certificates, and all interests of the Certificateholders in such distributions, shall be as set forth in this Agreement. Neither the Holders of any Class of Certificates nor the Trustee nor the Servicer shall in any way be responsible or liable to the Holders of any other Class of Certificates in respect of amounts properly previously distributed on the Certificates. (e) Except as otherwise provided in Section 9.01, whenever the Trustee expects that the final distribution with respect to any Class of Certificates shall be made on the next Distribution Date, the Trustee shall, no later than five (5) days after the related Determination Date, mail to each Holder on such date of such Class of Certificates a notice to the effect that: (i) the Trustee expects that the final distribution with respect to such Class of Certificates shall be made on such Distribution Date, but only upon presentation and surrender of such Certificates at the office of the Trustee therein specified or its agent; and (ii) no interest shall accrue on such Certificates from and after the end of the related Interest IAccrual Period. Any funds not distributed to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Holder or Holders to tender their Certificates shall, on such date, be set aside and held in trust by the Trustee and credited to the account of the appropriate non-LT6tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to this Section 4.01(e) shall not have been surrendered for cancellation within six months after the time specified in such notice, respectively.the Trustee shall mail a second notice to the remaining non-tendering Certificateholders to surrender their Certificates for cancellation in order to receive the final distribution with respect thereto. If within one year after the second notice all such Certificates shall not have been surrendered for cancellation, the Trustee shall, directly or through an agent, mail a final notice to remaining non-tendering Certificateholders concerning surrender of their Certificates but shall continue to hold any remaining funds for the benefit of non-tendering Certificateholders. The costs and expenses

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-I CertificatesInterest), as the case may be: With respect to the Group I Mortgage Loans: (i) to the Holders of REMIC I Regular Interests (other than each REMIC I Regular Interest II-1-LTP)A through I-52-B, PRO RATA, in an amount equal to (A) the Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates. On . (ii) to the first Distribution Dateextent of amounts remaining after the distributions made pursuant to clause (i) above, the Class R-I Certificates payments of principal shall be entitled allocated as follows: to interest accrued on its Certificate Principal REMIC I Regular interests I-1-A through I-52-B starting with the lowest numerical denomination until the Uncertificated Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of each such REMIC I Regular Interest I-LT6 is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such payments of principal shall be reduced when the allocated PRO RATA between such REMIC I Overcollateralized Amount is less than Regular Interests. With respect to the Group II Mortgage Loans: (i) to Holders of each REMIC I Required Overcollateralized AmountRegular Interest II-1-A through II-52-B, by the lesser of PRO RATA, in an amount equal to (xA) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; andfor such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates. (ii) to the extent of amounts remaining after the distributions made pursuant to clause (xi) on above, payments of principal shall be allocated as follows: to REMIC I Regular interests II-1-A through II-52-B starting with the first lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such payments of principal shall be allocated PRO RATA between such REMIC I Regular Interests. With respect to the Group III Mortgage Loans: (i) to Holders of each REMIC I Regular Interest III-1-A through III-52-B, PRO RATA, in an amount equal to (A) Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates. (ii) to the Holders extent of amounts remaining after the Class Rdistributions made pursuant to clause (i) above, payments of principal shall be allocated as follows: to REMIC I Regular interests III-1-A through III-52-B starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I CertificatesRegular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the Certificate Principal Balance thereof and (y) on same numerical denomination, such payments of principal shall be allocated PRO RATA between such REMIC I Regular Interests. On each Distribution Date, all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period shall be distributed by REMIC I to the Holders of REMIC I Regular InterestsInterest I-52-A. The payment of the foregoing amounts to the Holders of REMIC I Regular Interest I-52-A shall not reduce the Uncertificated Balance thereof. (b) On each Distribution Date, the following amounts, in an amount equal the following order of priority, shall be distributed by REMIC I to the remainder REMIC II on account of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses (i) REMIC II Regular Interests and (ii)(x) above, allocated as follows (except as provided below): (a) distributed to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of such remainder; Class R Certificates (b) to the Holders in respect of the REMIC I Regular Interest IClass R-LT2II Interest), REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in as the same proportion as principal payments are allocated to the Corresponding Certificates; (c) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainder; and (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6, respectively.case may be:

Distributions. (a) (1)(AI) On each Distribution Date, the following amounts, in the following order of priority, Trustee shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn withdraw from the Distribution Account that portion of Available Funds for such Distribution Date consisting of the Group I Interest Remittance Amount for such Distribution Date, and distributed make the following disbursements and transfers in the order of priority described below, in each case to the holders extent of the Class R-Group I Certificates, as the case may beInterest Remittance Amount remaining for such Distribution Date: (i) to the Holders of REMIC I Regular Interests (other than REMIC I Regular Interest the Class I-LTP)A-1 Certificates, the Monthly Interest Distributable Amount and the Unpaid Interest Shortfall Amount, if any, for the Class I-A-1 Certificates for such Distribution Date; and (ii) concurrently, to the Holders of each Class of Group II Certificates, on a pro rata basis based on the entitlement of each such Class, an amount equal to the excess, if any, of (x) the amount required to be distributed pursuant to Section 4.01(a)(II)(i) below for such Distribution Date over (y) the amount actually distributed pursuant to such section from the Group II Interest Remittance Amount. (II) On each Distribution Date the Trustee shall withdraw from the Distribution Account that portion of Available Funds for such Distribution Date consisting of the Group II Interest Remittance Amount for such Distribution Date, and make the following disbursements and transfers in the order of priority described below, in each case to the extent of the Group II Interest Remittance Amount remaining for such Distribution Date: (i) concurrently, to the Holders of each Class of Group II Certificates, on a pro rata basis based on the entitlement of each such Class, the Monthly Interest Distributable Amount and the Unpaid Interest Shortfall Amount, if any, allocable to such Certificates for such Distribution Date; and (ii) to the Holders of the Class I-A-1 Certificates, an amount equal to the excess, if any, of (x) the amount required to be distributed pursuant to Section 4.01(a)(I)(i) above for such Distribution Date over (y) the amount actually distributed pursuant to such section from the Group I Interest Remittance Amount. (III) On each Distribution Date, following the distributions made pursuant to Section 4.01(a)(I) and (II) above, the sum of the Group I Interest Remittance Amount and the Group II Interest Remittance Amount remaining undistributed for such Distribution Date, will be distributed sequentially to the Class M-▇, ▇▇▇▇▇ ▇-▇, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that order, in an amount equal to the Monthly Interest Distributable Amount allocable to each such Class of Certificates. (AI) On each Distribution Date (a) prior to the Uncertificated Interest for Stepdown Date or (b) on which a Trigger Event is in effect, distributions in respect of principal to the extent of the Group I Principal Distribution Amount shall be made in the following amounts and order of priority: (i) to the Holders of the Class I-A-1 Certificates until the Certificate Principal Balance thereof has been reduced to zero; (ii) after taking into account the amount distributed to the Holders of the Group II Certificates pursuant to Section 4.01(b)(II)(i) below on such Distribution Date, plus to the Holders of the Group II Certificates (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On allocated as described below), until the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at Balances thereof have been reduced to zero. (II) On each Distribution Date (a) prior to the related Pass-Through Rate. Amounts payable as Uncertificated Interest Stepdown Date or (b) on which a Trigger Event is in effect, distributions in respect of REMIC I Regular Interest I-LT6 principal to the extent of the Group II Principal Distribution Amount shall be made in the following amounts and order of priority: (i) to the Holders of the Group II Certificates (allocated as described below), until the Certificate Principal Balances thereof have been reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; andto zero; (ii) (xafter taking into account the amount distributed to the Holders of the Class I-A-1 Certificates pursuant to Section 4.01(b)(I)(i) above on the first such Distribution Date, to the Holders of the Class RI-I A-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. (III) On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, distributions in respect of principal to the extent of the sum of the Group I Principal Distribution Amount and the Group II Principal Distribution Amount remaining undistributed for such Distribution Date shall be made sequentially to the Class M-▇, ▇▇▇▇▇ ▇-▇, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that order, in each case, until the Certificate Principal Balance of each such Class has been reduced to zero. (I) On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, distributions in respect of principal to the extent of the Group I Principal Distribution Amount shall be made in the following amounts and order of priority: (i) to the Holders of the Class I-A-1 Certificates, the Group I Senior Principal Distribution Amount until the Certificate Principal Balance thereof have been reduced to zero; (ii) to the Holders of the Group II Certificates (allocated as described below), an amount equal to the excess, if any, of (x) the amount required to be distributed pursuant to Section 4.01(c)(II)(i) below for such Distribution Date over (y) the amount actually distributed pursuant to Section 4.01(c)(II)(i) below from the Group II Principal Distribution Amount on such Distribution Date. (II) On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, distributions in respect of principal to the extent of the Group II Principal Distribution Amount shall be made in the following amounts and order of priority: (i) to the Holders of the Group II Certificates (allocated as described below), the Group II Senior Principal Distribution Amount until the Certificate Principal Balances thereof have been reduced to zero; (ii) to the Holders of the Class I-A-1 Certificates, an amount equal to the excess, if any, of (x) the amount required to be distributed pursuant to Section 4.01(c)(I)(i) above for such Distribution Date over (y) the amount actually distributed pursuant to Section 4.01(c)(I)(i) above from the Group I Principal Distribution Amount on such Distribution Date. (III) On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, distributions in respect of principal to the extent of the sum of the Group I Principal Distribution Amount and the Group II Principal Distribution Amount remaining undistributed for such Distribution Date shall be made in the following amounts and order of priority: (i) sequentially, to the Holders of REMIC the Class M-1 Certificates, the Class M-2 Certificates and the Class M-3 Certificates, in that order, the Class M-1/M-2/M-3 Principal Distribution Amount until the Certificate Principal Balances thereof have been reduced to zero; (ii) to the Holders of the Class M-4 Certificates, the Class M-4 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; (iii) to the Holders of the Class M-5 Certificates, the Class M-5 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; (iv) to the Holders of the Class M-6 Certificates, the Class M-6 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; (v) to the Holders of the Class M-7 Certificates, the Class M-7 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; (vi) to the Holders of the Class M-8 Certificates, the Class M-8 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; (vii) to the Holders of the Class M-9 Certificates, the Class M-9 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; (viii) to the Holders of the Class M-10 Certificates, the Class M-10 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; and (ix) to the Holders of the Class M-11 Certificates, the Class M-11 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero. With respect to the Group II Certificates, all principal distributions will be distributed sequentially to the Class II-A-1, Class II-A-2, Class II-A-3 and Class II-A-4 Certificates, in that order, until the Certificate Principal Balance of each such Class of Certificates has been reduced to zero; provided, however, on any Distribution Date on which the aggregate Certificate Principal Balance of the Subordinate Certificates has been reduced to zero, all principal distributions will be distributed concurrently to each Class of the Group II Certificates pro rata based on the Certificate Principal Balance of each such Class. (d) On each Distribution Date, the Net Monthly Excess Cashflow shall be distributed as follows: (i) to the Holders of the Class or Classes of Certificates then entitled to receive distributions in respect of principal, in an amount equal to any Extra Principal Distribution Amount, distributable to such Holders as part of the Group I Regular InterestsPrincipal Distribution Amount and/or the Group II Principal Distribution Amount as described under Section 4.01(b) and Section 4.01(c) above; (ii) sequentially, to the Holders of the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that order, in each case, first up to the Unpaid Interest Shortfall Amount for each such Class and second up to the Allocated Realized Loss Amount, for each such Class; (iii) to the Net WAC Rate Carryover Reserve Account, the amount of any Net WAC Rate Carryover Amounts on the Class A and Mezzanine Certificates for such Distribution Date; (iv) to the Swap Provider, any Swap Termination Payments resulting from a Swap Provider Trigger Event; (v) to the Holders of the Class C Certificates, (a) the Monthly Interest Distributable Amount and any remaining Overcollateralization Release Amount for such Distribution Date and (b) on any Distribution Date on which the Certificate Principal Balances of the Class A Certificates and the Mezzanine Certificates have been reduced to zero, any remaining amounts in reduction of the Certificate Principal Balance of the Class C Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (vi) if such Distribution Date follows the Prepayment Period during which occurs the latest date on which a Prepayment Charge may be required to be paid in respect of any Mortgage Loans, to the Holders of the Class P Certificates, in reduction of the Certificate Principal Balance thereof, until the Certificate Principal Balance thereof is reduced to zero; and (vii) any remaining amounts to the Holders of the Residual Certificates (in respect of the appropriate Class R Interest). On each Distribution Date, after making the distributions of the Available Funds as set forth above, the Trustee will first, withdraw from the Net WAC Rate Carryover Reserve Account all income from the investment of funds in the Net WAC Rate Carryover Reserve Account and distribute such amount to the Holders of the Class C Certificates, and second, withdraw from the Net WAC Rate Carryover Reserve Account, to the extent of amounts remaining on deposit therein, the amount of any Net WAC Rate Carryover Amount for such Distribution Date and distribute such amount in the following order of priority: (i) concurrently, to each Class of Class A Certificates, pro rata based on the related Net WAC Rate Carryover Amount for each such Class; and (ii) sequentially, to the Class M-▇, ▇▇▇▇▇ ▇-▇, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that order, the related Net WAC Rate Carryover Amount. On each Distribution Date, all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period and any Servicer Prepayment Charge Amounts paid by the Servicer during the related Prepayment Period will be withdrawn from the Distribution Account and distributed by the Trustee to the Holders of the Class P Certificates and shall not be available for distribution to the Holders of any other Class of Certificates. The payment of the foregoing amounts to the Holders of the Class P Certificates shall not reduce the Certificate Principal Balances thereof. (e) On or before each Distribution Date, Net Swap Payments (whether payable to the Swap Provider or to the Supplemental Interest Trust Trustee), any Swap Termination Payment owed to the Swap Provider not resulting from a Swap Provider Trigger Event pursuant to the Swap Agreement and any Swap Termination Payments owed to the Supplemental Interest Trust Trustee will be deposited by the Supplemental Interest Trust Trustee into the Swap Account. On each Distribution Date and prior to any distribution to any Certificate, the Swap Administrator shall withdraw and distribute from amounts on deposit in the Swap Account (other than amounts representing Swap Termination Payments received by the Supplemental Interest Trust Trustee) the following amounts: (i) to the Swap Provider, any Net Swap Payment owed to the Swap Provider pursuant to the Interest Rate Swap Agreement for such Distribution Date; and (ii) to the Swap Provider, any Swap Termination Payment owed to the Swap Provider not due to a Swap Provider Trigger Event pursuant to the Interest Rate Swap Agreement. (f) On each Distribution Date, after making the distributions of the Available Funds, Net Monthly Excess Cashflow and amounts on deposit in the Net WAC Rate Carryover Reserve Account as set forth above, the Trustee, in its capacity as Supplemental Interest Trust Trustee, shall distribute the amount on deposit in the Swap Account as follows: (i) concurrently, to each Class of Class A Certificates, the related Monthly Interest Distributable Amount and Unpaid Interest Shortfall Amount remaining undistributed after the distributions of the Group I Interest Remittance Amount and the Group II Interest Remittance Amount, on a pro rata basis based on such respective remaining Monthly Interest Distributable Amount; (ii) sequentially, to the Class M-▇, ▇▇▇▇▇ ▇-▇, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that order, the related Monthly Interest Distributable Amount and Unpaid Interest Shortfall Amount, to the extent remaining undistributed after the distributions of the Group I Interest Remittance Amount, the Group II Interest Remittance Amount and the Net Monthly Excess Cashflow; (iii) to the Holders of the Class or Classes of Certificates then entitled to receive distributions in respect of principal, in an amount equal to the remainder difference between (x) the Overcollateralization Deficiency Amount, if any, and (y) the amount distributed pursuant to Section 4.01(d)(i) of this Agreement; (iv) sequentially to the Available Distribution Class M-▇, ▇▇▇▇▇ ▇-▇, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that order, in each case up to the related Allocated Realized Loss Amount related to such Certificates for such Distribution Date remaining undistributed after the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders distribution of the REMIC I Regular Interest I-LT1, 98.00% of such remainderNet Monthly Excess Cashflow; (bv) concurrently, to each Class of Class A Certificates, the Holders of related Net WAC Rate Carryover Amount remaining unpaid after distributions from the REMIC I Regular Interest I-LT2Net WAC Rate Carryover Reserve Account, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of on a pro rata basis based on such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainderrespective remaining Net WAC Rate Carryover Amounts; and (dvi) sequentially, to the Holders Class M-▇, ▇▇▇▇▇ ▇-▇, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that order, the related Net WAC Rate Carryover Amount remaining unpaid after distributions from the Net WAC Rate Carryover Reserve Account. Notwithstanding any of the REMIC I Regular Interest I-LTPforegoing, $100 the aggregate amount distributed under clause (iii) and (iv) above on such Distribution Date, when added to the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; provided, however, that 98.00% cumulative amount distributed under clause (iii) and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6, respectively.(iv)

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may be: (i) first, to the Holders of REMIC I Regular Interests Interest I-LT2, in an amount equal to (other than A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates and second, to the Holders of REMIC I Regular Interest I-LT1 and I-LTP), in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; and; (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of such remainder; (b) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainder; and (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; providedthereafter until $100 has been distributed pursuant to this clause; (iii) on each Distribution Date, howeverthe remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clause (i) and clause (ii) above, that 98.00% and 2.00% of any principal payments that are attributable first, to a Overcollateralization Reduction Amount shall be allocated to the Holders of the REMIC I Regular Interest I-LT1 until the principal balance of such REMIC I Regular Interest is reduced to zero and second, to the Holders of REMIC I Regular Interest I-LT6LT2 until the principal balance of such REMIC I Regular Interest is reduced to zero; and (iv) to the Holders of the Class R-I Certificates, respectivelyany amounts remaining after the distributions pursuant to clauses (i) through (iii) above. On each Distribution Date, all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period will be distributed by REMIC I to the Holders of REMIC I Regular Interest I-LTP. The payment of the foregoing amounts to the Holders of REMIC I Regular Interest I-LTP shall not reduce the Uncertificated Balance thereof.

Distributions. (a) (1)(A1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I CertificatesInterest, as the case may be: (i) first, to the Holders of REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP)LTAA, REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTA3, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9 and REMIC I Regular Interest I-LTZZ, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 LTZZ shall be reduced when the sum of the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 LTZZ Uncertificated Interest Deferral Amount; andAmount and such amounts will be payable to the Holders of REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTA3, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8 and REMIC I Regular Interest I-LTM9 in the same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Certificates and the Uncertificated Balance of REMIC I Regular Interest I-LTZZ shall be increased by such amount; (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Datesecond, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below):follows: (a) 98.00% of such remainder (less the amount payable in clause (e) below), to the Holders of the REMIC I Regular Interest I-LT1LTAA, 98.00until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero; 2% of such remainder; (b) , first to the Holders of the REMIC I Regular Interest I-LT2LTA1, REMIC I Regular Interest I-LT3LTA2, REMIC I Regular Interest I-LT4 LTA3, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8 and REMIC I Regular Interest I-LT5LTM9, 1.00% of such remainder, and in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) , until the Uncertificated Balances of such REMIC I Regular Interests are reduced to zero; and second, to the Holders of the REMIC I Regular Interest I-LT6LTZZ, 1.00% (less the amount payable in clause (c) below), until the Uncertificated Balance of such remainderREMIC I Regular Interest is reduced to zero; andthen (db) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Prepayment Charge Schedule or any Distribution Date thereafterthereafter until $100 has been distributed pursuant to this clause; and (c) any remaining amount to the Holders of the Class R Certificates (as Holder of the Class R-I Interest); provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a an Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT6LTZZ, respectively.

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-I CertificatesInterest), as the case may be: With respect to the Group I Mortgage Loans: (i1) to the Holders of REMIC I Regular Interests (other than Interest I, and each of REMIC I Regular Interest II-1-LTP)A through I-52-B, pro rata, in an amount equal to (A) the Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates. On . (2) to the first Distribution Dateextent of amounts remaining after the distributions made pursuant to clause (i) above, the Class R-I Certificates payments of principal shall be entitled allocated as follows: first, to interest accrued on its Certificate Principal REMIC I Regular interests I-1-A through I-52-B starting with the lowest numerical denomination until the Uncertificated Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of each such REMIC I Regular Interest I-LT6 is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such payments of principal shall be reduced when the allocated pro rata between such REMIC I Overcollateralized Amount Regular Interests, and second, to the extent of the product of (a) any Overcollateralization Reduction Amounts multiplied by (b) a fraction, the numerator of which is less than the aggregate Scheduled Principal Balance of the Group I Mortgage Loans and the denominator of which is the aggregate Scheduled Principal Balance of the Mortgage Loans, to REMIC I Required Overcollateralized Amount, by Regular Interest I until the lesser of (x) the amount Uncertificated Balance of such difference and (y) the Maximum I-LT6 Uncertificated REMIC I Regular Interest Deferral Amountis reduced to zero; and (ii3) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, Interest (A) all amounts representing Prepayment Charges in an amount equal to the remainder respect of the Available Distribution Amount for such Distribution Date after Mortgage Loans received during the distributions made pursuant to clauses (i) related Prepayment Period and (ii)(xB) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of such remainder; (b) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainder; and (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Prepayment Charge Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% of any principal payments that are attributable thereafter until $100 has been distributed pursuant to a Overcollateralization Reduction Amount shall be allocated this clause. With respect to the Group II Mortgage Loans: (1) to Holders of the REMIC I Regular Interest I-LT1 I and each of REMIC I Regular Interest III-1-LT6A through II-52-B, respectivelypro rata, in an amount equal to (A) Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates. to the extent of amounts remaining after the distributions made pursuant to clause (i) above, payments of principal shall be allocated as follows: first, to REMIC I Regular On each Distribution Date, all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period shall be distributed by REMIC I to the Holders of REMIC I Regular Interest I. The payment of the foregoing amounts to the Holders of REMIC I Regular Interest I shall not reduce the Uncertificated Balance thereof. (b) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC II Regular Interests and distributed to the Holders of the Class R Certificates (in respect of the Class R-II Interest), as the case may be:

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may beInterests: (i) to the Holders of REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP), in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 LT9 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 LT9 Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LT1LTP, 98.00% on the Distribution Date immediately following the expiration of such remainderthe latest Prepayment Charge term as identified on the Mortgage Loan Schedule and each Distribution Date thereafter until $____ has been distributed pursuant to this clause; (b) to the Holders of the REMIC I Regular Interest I-LT1, _____% of the amount remaining after application of clause (a), until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero and any remaining amounts to the Holders of the Class R-I Certificates; (c) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and LT4, REMIC I Regular Interest I-LT5, 1.00REMIC I Regular Interest I-LT6, REMIC I Regular Interest I-LT7 and REMIC I Regular Interest I-LT8, ____% of such remainderthe amount remaining after application of clause (a), in the same proportion as principal payments are allocated to the related Corresponding Certificates; (c) Certificate, until the Uncertificated Balances of such REMIC I Regular Interests are reduced to zero, and any remaining amounts to the Holders of the REMIC Class R-I Regular Interest I-LT6, 1.00% of such remainder; andCertificates; (d) to the Holders of the REMIC I Regular Interest I-LTPLT9, $100 on the Distribution Date immediately following the expiration _____% of the latest Prepayment Charge term as identified on amount remaining after application of clause (a), until the Mortgage Loan Schedule or Uncertificated Balance of such REMIC I Regular Interest is reduced to zero and any Distribution Date thereafterremaining amounts to the Holders of the Class R-I Certificates; provided, however, that 98.00_____% and 2.00____% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-I- LT1 and REMIC I Regular Interest I-LT6LT9, respectively.

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests and distributed to the holders of the Class R Certificates (in respect of the Class R-I Interest), as the case may be: (i) to Holders of REMIC I Regular Interest LT-P and REMIC I Regular Interest I-1-A through I-48-B, pro rata, in an amount equal to (A) Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates. (ii) to the extent of amounts remaining after the distributions made pursuant to clause (1) above, payments of principal shall be allocated as follows: first, to REMIC I Regular Interest I and then to REMIC I Regular Interests I-1-A through I-48-B starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such payments of principal shall be allocated pro rata between such REMIC I Regular Interests, and second, to the extent of any Overcollateralization Reduction Amounts, to REMIC I Regular Interests I-1-A through I-48-B starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such Overcollateralization Reduction Amounts shall be allocated pro rata between such REMIC I Regular Interests. (iii) to the Holders of REMIC I Regular Interest I-LTP, (A) all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period and (B) on the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter until $100 has been distributed pursuant to this clause. (b) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC II to REMIC III on account of the REMIC II Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-I CertificatesII Interest), as the case may be: (i) to the Holders of REMIC I Regular Interests (other than REMIC I II Regular Interest III-LTIO, in an amount equal to (a) Uncertificated Accrued Interest for such REMIC II Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. (ii) to Holders of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10, REMIC II Regular Interest II-LTZZ and REMIC II Regular Interest II-LTP), pro rata, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I II Regular Interest III-LT6 LTZZ shall be reduced and deferred when the REMIC I II Overcollateralized Amount is less than the REMIC I II Required Overcollateralized Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the Maximum III-LT6 LTZZ Uncertificated Interest Deferral AmountAmount and such amount will be payable to the Holders of REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9 and REMIC II Regular Interest II-LTM10 in the same proportion as the Overcollateralization Deficiency Amount is allocated to the Corresponding Certificates and the Uncertificated Balance of REMIC II Regular Interest II-LTZZ shall be increased by such amount; and (iiiii) (x) on the first Distribution Date, to the Holders of the Class RREMIC II Regular Interest II-I CertificatesLTP, the Certificate Principal Balance thereof and (yA) on each Distribution Date, 100% of the amount paid in respect of Prepayment Charges and (B) on the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter until $100 has been distributed pursuant to this clause; (iv) to the Holders of the REMIC I II Regular Interests, in an amount equal to the remainder of the Available Distribution Amount Funds for such Distribution Date after the distributions made pursuant to clauses (i), (ii) and (ii)(xiii) above, allocated as follows (except as provided below):follows: (a) 98.00% of such remainder to the Holders of the REMIC I II Regular Interest III-LT1LTAA, 98.00% until the Uncertificated Balance of such remainderREMIC II Regular Interest is reduced to zero; (b) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.002.00% of such remainder, first to the Holders of REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9 and REMIC II Regular Interest II-LTM10, equal to 1.00% of and in the same proportion as principal payments are allocated to the Corresponding Certificates;, until the Uncertificated Balances of such REMIC II Regular Interests are reduced to zero and second, to the Holders of REMIC II Regular Interest II-LTZZ, 1.00%, until the Uncertificated Balance of such REMIC II Regular Interest is reduced to zero; and (c) any remaining amount to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainder; and Class R Certificates (d) to the Holders in respect of the REMIC I Regular Interest IClass R-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafterII Interest); provided, however, that (i) 98.00% and (ii) 2.00% of any principal payments that are attributable to a an Overcollateralization Reduction Release Amount shall be allocated to Holders of the (i) REMIC I II Regular Interest III-LT1 LTAA and REMIC I II Regular Interest III-LT6LTZZ, respectively; once the Uncertificated Principal Balances of REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9 and REMIC II Regular Interest II-LTM10have been reduced to zero. On each Distribution Date, all amounts representing Prepayment Charges in respect of the Mortgage Loans during the related Prepayment Period will be distributed by REMIC II to the Holders of REMIC II Regular Interest II-LTP. The payment of the foregoing amounts to the Holders of REMIC II Regular Interest II-LTP shall not reduce the Uncertificated Balance thereof.

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may be: (i) to the Holders of REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP)Interests, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of such remainder; (b) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates;; and (c) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainder; and (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6, respectively.

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-I CertificatesInterest), as the case may be: (i) to the Holders of REMIC I Regular Interests (other than Interest I-LT1, REMIC I Regular Interest I-LTPF and REMIC I Regular Interest I-LTP), in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; and; (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of such remainder; (b) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainder; and (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; providedthereafter until $100 has been distributed pursuant to this clause; (iii) on each Distribution Date, howeverthe remainder of the Available Funds for such Distribution Date after the distributions made pursuant to clause (i) and clause (ii) above, that 98.00% and 2.00% of any principal payments that are attributable first, to a Overcollateralization Reduction Amount shall be allocated to the Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6LT1PF; provided, respectivelyhowever, for the first two Distribution Dates, such amounts relating to the Initial Mortgage Loans shall be allocated to REMIC I Regular Interest I-LT1 and such amounts relating to the Subsequent Mortgage Loans shall be allocated to REMIC I Regular Interest I-LTPF; and (iv) to the Holders of the Class R Certificates (in respect of the Class R-I Interest), any amounts remaining after the distributions pursuant to clauses (i) through (iii) above. On each Distribution Date, all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period will be distributed by REMIC I to the Holders of REMIC I Regular Interest I-LTP. The payment of the foregoing amounts to the Holders of REMIC I Regular Interest I-LTP shall not reduce the Uncertificated Balance thereof.

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-I CertificatesInterest), as the case may be: (i) first, to the Holders of REMIC I Regular Interests Interest I-LTB, in an amount equal to (other than A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates and second, to the Holders of REMIC I Regular Interest I-LTA, REMIC I Regular Interest I-LTC and REMIC I Regular Interest I-LTP), in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; and; (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of such remainder; (b) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainder; and (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; providedthereafter until $100 has been distributed pursuant to this clause; (iii) on each Distribution Date, howeverthe remainder of the Available Funds for such Distribution Date after the distributions made pursuant to clause (i) and clause (ii) above, that 98.00% and 2.00% of any principal payments that are attributable first, to a Overcollateralization Reduction Amount shall be allocated to the Holders of the REMIC I Regular Interest I-LT1 and LTA until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero, second, to the Holders of REMIC I Regular Interest I-LT6LTC, respectivelyuntil the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero; and third, to the Holders of REMIC I Regular Interest I-LTB until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero; provided, however, for the first two Distribution Dates, such amounts relating to the Initial Mortgage Loans shall be allocated to REMIC I Regular Interest I-LTA and REMIC I Regular Interest ILTB in the order and priority described above and such amounts relating to the Subsequent Mortgage Loans shall be allocated to REMIC I Regular Interest I-LTC; and (iv) to the Holders of the Class R Certificates (in respect of the Class R-I Interest), any amounts remaining after the distributions pursuant to clauses (i) through (iii) above. On each Distribution Date, all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period will be distributed by REMIC I to the Holders of REMIC I Regular Interest I-LTP. The payment of the foregoing amounts to the Holders of REMIC I Regular Interest I-LTP shall not reduce the Uncertificated Balance thereof.

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-I CertificatesInterest), as the case may be: (i) to the Holders of REMIC I Regular Interests (other than Interest I-LTA1, REMIC I Regular Interest I-LTA2, and REMIC I Regular Interest I-LTP), in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; and; (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of such remainder; (b) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainder; and (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; providedthereafter until $100 has been distributed pursuant to this clause; (iii) on each Distribution Date, howeverthe remainder of the Available Funds for such Distribution Date after the distributions made pursuant to clause (i) and clause (ii) above, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to the Holders of the REMIC I Regular Interest I-LT1 LTA1 and REMIC I Regular Interest I-LT6LTA2 until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero; and (iv) to the Holders of the Class R Certificates (in respect of the Class R-I Interest), respectivelyany amounts remaining after the distributions pursuant to clauses (i) through (iii) above. On each Distribution Date, all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period will be distributed by REMIC I to the Holders of REMIC I Regular Interest I-LTP. The payment of the foregoing amounts to the Holders of REMIC I Regular Interest I-LTP shall not reduce the Uncertificated Balance thereof.

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may beInterests: (i) to the Holders of REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP), in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 LT9 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 I- LT9 Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LT1LTP, 98.00% on the Distribution Date immediately following the expiration of such remainderthe latest Prepayment Charge term as identified on the Mortgage Loan Schedule and each Distribution Date thereafter until $____ has been distributed pursuant to this clause; (b) to the Holders of the REMIC I Regular Interest I-LT1, _____% of the amount remaining after application of clause (a), until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero and any remaining amounts to the Holders of the Class R-I Certificates; (c) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and LT4, REMIC I Regular Interest I-LT5, 1.00REMIC I Regular Interest I-LT6, REMIC I Regular Interest I-LT7 and REMIC I Regular Interest I-LT8, ____% of such remainderthe amount remaining after application of clause (a), in the same proportion as principal payments are allocated to the related Corresponding Certificates; (c) Certificate, until the Uncertificated Balances of such REMIC I Regular Interests are reduced to zero, and any remaining amounts to the Holders of the REMIC Class R-I Regular Interest I-LT6, 1.00% of such remainder; andCertificates; (d) to the Holders of the REMIC I Regular Interest I-LTPLT9, $100 on the Distribution Date immediately following the expiration _____% of the latest Prepayment Charge term as identified on amount remaining after application of clause (a), until the Mortgage Loan Schedule or Uncertificated Balance of such REMIC I Regular Interest is reduced to zero and any Distribution Date thereafterremaining amounts to the Holders of the Class R-I Certificates; provided, however, that 98.00_____% and 2.00____% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6LT9, respectively.

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by [REMIC I to REMIC II II] on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates[____] Certificates (in respect of the Class [____] Interest), as the case may be: (1) With respect to the Group I Mortgage Loans: (i) to the Holders of REMIC I Regular Interests (other than Interest [___], and each of REMIC I Regular Interest I-LTP)[___] through [___], pro rata, in an amount equal to (A) the Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; and; (ii) (x) on the first Distribution Date, to the Holders extent of amounts remaining after the Class R-I Certificates, the Certificate Principal Balance thereof and distributions made pursuant to clause (yi) on each Distribution Dateabove, to the Holders of REMIC I Regular Interest [___], an amount of principal shall be distributed to such Holders until the Uncertificated Balance of REMIC I Regular Interest [___] is reduced to [___]; and (iii) to the extent of amounts remaining after the distributions made pursuant to clause (i) and (ii) above, payments of principal shall be allocated to REMIC I Regular interests [___] through [___] starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to [___], provided that, for REMIC I Regular Interests with the same numerical denomination, such payments of principal shall be allocated pro rata between such REMIC I Regular Interests. (2) With respect to the Group II Mortgage Loans: (i) to Holders of REMIC I Regular Interest [___] and each of REMIC I Regular Interest [___] through [___], pro rata, in an amount equal to the remainder of the Available Distribution Amount (A) Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates. (ii) to the extent of amounts remaining after the distributions made pursuant to clauses clause (i) above, to the Holders of REMIC I Regular Interest [___], an amount of principal shall be distributed to such Holders until the Uncertificated Balance of REMIC I Regular Interest [___] is reduced to [___]; and (iii) to the extent of amounts remaining after the distributions made pursuant to clause (i) and (ii)(xii) above, payments of principal shall be allocated as follows (except as provided below): (a) to REMIC I Regular interests [___] through [___] starting with the Holders lowest numerical denomination until the Uncertificated Balance of the each such REMIC I Regular Interest I-LT1is reduced to [___], 98.00% of such remainder; (b) to the Holders of the provided that, for REMIC I Regular Interest I-LT2Interests with the same numerical denomination, such payments of principal shall be allocated pro rata between such REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainder; and (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6, respectivelyInterests.

Distributions. (a) (1)(A) On each Distribution Date, the Trustee (or the Paying Agent on behalf of the Trustee) shall allocate and distribute the Group I Available Distribution Amount and Group II Available Distribution Amount (in each case, to the extent on deposit in the Certificate Account) for such date to the interests issued in respect of each REMIC as specified in this Section. (1) On each Distribution Date, the Group I Available Distribution Amount shall be deemed distributed in respect of the REMIC I Interests and the REMIC III Interests in the following amounts, in the following order of priority: (i) first, the Group I Available Distribution Amount shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account Interest and distributed to the holders of the Class R-I Certificates, (A) to REMIC III as the case may beholder of the REMIC I Regular Interest I-LT, interest accrued thereon for any prior Distribution Date remaining unpaid, (B) to REMIC III as the h older of the REMIC I Regular Interest I-LT, interest accrued thereon for the current Distribution Date, (C) to REMIC III as the holder of the REMIC I Regular Interest I-LT, any remaining amount as a distribution of principal, until the Uncertificated Principal Balance of REMIC Regular Interest I-LT shall have been reduced to zero and (D) any remaining amount to the holder of the Class R-I Certificate; and (ii) second, the amount received by REMIC III as the holder of the REMIC I Regular Interest I-LT pursuant to (i) above, shall be distributed by REMIC III on account of the REMIC III Regular Interests and the Class R-III Certificates, in the following order of priority: (A) to REMIC IV as the Holder of the REMIC III Regular Interests, pari passu, accrued interest thereon for any prior Distribution Date remaining unpaid; (B) to REMIC IV as the Holder of the REMIC III Regular Interests, pari passu, accrued interest thereon for the current Distribution Date; (C) to REMIC IV as the Holder of the REMIC III Regular Interest LTA, as a distribution of principal, until the Uncertificated Principal Balance of REMIC III Regular Interest LTA is reduced to zero; (D) to REMIC IV as the Holder of the REMIC III Regular Interests LTB, as a distribution of principal, sequentially in the order of their numerical designation, until the Uncertificated Principal Balance of each successive REMIC III Regular Interest LTB is reduced to zero, with REMIC III Regular Interest LTB15-A and REMIC III Regular Interest LTB15-B being treated as having the same numerical designation and with distributions to such Regular Interests pursuant to this clause (D) being allocated between them pro-rata; and (E) any remaining amount to the Holders of the Class R-III Certificates. (2) On each Distribution Date, the Group II Available Distribution Amount shall be deemed distributed in respect of the REMIC II Interests and the Class R-II Certificates, (A) to REMIC IV as the holder of the REMIC II Regular Interest II-LT, interest accrued thereon for any prior Distribution Date remaining unpaid, (B) to REMIC IV as the h older of the REMIC II Regular Interest II-LT, interest accrued thereon for the current Distribution Date, (C) to REMIC IV as the holder of the REMIC II Regular Interest II-LT, any remaining amount as a distribution of principal, until the Uncertificated Principal Balance of REMIC Regular Interest II-LT shall have been reduced to zero and (D) any remaining amount to the holder of the Class R-II Certificate. 109 (3) on each Distribution Date, the amounts received by REMIC IV as the holder of the REMIC II Regular Interest and the REMIC III Regular Interests shall be deemed distributed in respect of the REMIC IV Regular Interest and the Class R-IV Certificates in the following amount and in the following order of priority: (i) to REMIC V as the Holders Holder of REMIC I IV Regular Interests LTA-IO, from the amount received in respect of the REMIC III Regular Interests, in an amount equal to (other than x) their Uncertificated Accrued Interest for such Distribution Date, plus (y) any amounts in respect thereof remaining unpaid from previous Distribution Dates; (ii) to REMIC I V as the Holder of REMIC IV Regular Interest I-LTP)LT1, REMIC IV Regular Interest LT2, REMIC IV Regular Interest LT3 and REMIC IV Regular Interest LT4, from the amount received in respect of the REMIC III Regular Interests, pari passu, in an amount equal to (A) the their Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On ; (iii) to REMIC V as the first Holder of REMIC IV Regular Interest LT5, REMIC IV Regular Interest LT6, REMIC IV Regular Interest LT7 and REMIC IV Regular Interest LT8, from the amount received in respect of the REMIC II Regular Interest, pari passu, in an amount equal to (A) their Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates; (iv) to REMIC V as the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at Holder of the related Pass-Through Rate. Amounts payable as Uncertificated REMIC IV Regular Interest LT2, REMIC IV Regular Interest LT3 and REMIC IV Regular Interest LT4, from any amount remaining of the amount received in respect of the REMIC I III Regular Interests, (A) their respective Principal Distribution Amounts; (B) to the Holders of the REMIC IV Regular Interest I-LT6 shall be LT1 any remainder until the Uncertificated Principal Balance thereof is reduced when to zero; (C) any remainder to the Holders of the REMIC I Overcollateralized Amount is less than the IV Regular Interest LT2, REMIC I Required Overcollateralized AmountIV Regular Interest LT3 and REMIC IV Regular Interest LT4, pro rata according to their respective Uncertificated Principal Balances as reduced by the lesser of distributions deemed made pursuant to (xA) the amount of such difference and (y) the Maximum I-LT6 above, until their respective Uncertificated Interest Deferral AmountPrincipal Balances are reduced to zero; and (iiD) (x) on the first Distribution Date, any remaining amounts to the Holders of the Class R-I Certificates, IV. (v) to REMIC V as the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder Holder of the Available Distribution Amount for such Distribution Date after REMIC IV Regular Interest LT6, REMIC IV Regular Interest LT7 and REMIC IV Regular Interest LT8, from any amount remaining of the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below):amount received in respect of the REMIC II Regular Interest, (aA) their respective Principal Distribution Amounts; (B) to the Holders of the REMIC I IV Regular Interest I-LT1, 98.00% of such remainderLT5 any remainder until the Uncertificated Principal Balance thereof is reduced to zero; (bC) any remainder to the Holders of the REMIC I IV Regular Interest I-LT2LT6, REMIC I IV Regular Interest I-LT3, LT7 and REMIC I IV Regular Interest I-LT4 and REMIC I Regular Interest I-LT5LT8, 1.00% of such remainderpro rata according to their respective Uncertificated Principal Balances as reduced by the distributions deemed made pursuant to (A) above, in the same proportion as principal payments until their respective Uncertificated Principal Balances are allocated reduced to the Corresponding Certificates;zero; and (cD) any remaining amounts to the Holders of the Class R-IV Certificates. (4) Notwithstanding the distributions on the REMIC I Regular Interest I-LT6Interests described in this Section 4.02(b), 1.00% distribution of funds from the Certificate Account shall be made only in accordance with Sections 4.02(c) and (d). (c) On each Distribution Date (x) the Master Servicer on behalf of the Trustee or (y) the Paying Agent appointed by the Trustee, shall distribute to each Certificateholder of record on the next preceding Record Date (other than as provided in Section 9.01 respecting the final distribution) either in immediately available funds (by wire transfer or otherwise) to the account of such remainderCertificateholder 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 with respect to each Class of Certificates, shall be based on the aggregate of the Percentage Interests represented by Certificates of the applicable Class held by such Holder of the following amounts), in the following order of priority, in each case to the extent of the Group I Available Distribution Amount on deposit in the Certificate Account (or, with respect to clause (xvii)(B) below, to the extent of prepayment charges on deposit in the Certificate Account): (i) to the Class A-I Certificateholders and the Class M-I Certificateholders, the related Accrued Certificate Interest payable on such Certificates with respect to such Distribution Date, plus any related Accrued Certificate Interest remaining unpaid from any prior Distribution Date, in the following order of priority: 1. first, to the Class A-I Certificateholders on a pro rata basis, based upon the amount of Accrued Certificate Interest due thereon; 2. second, to the Class M-I-1 Certificateholders; 3. third, to the Class M-I-2 Certificateholders; 4. fourth, to the Class M-I-3 Certificateholders; and 5. fifth, to the Class M-I-4 Certificateholders; (dii) to the Holders Class A-I Certificateholders and the Class M-I Certificateholders, from the amount, if any, of the REMIC Group I Regular Interest IAvailable Distribution Amount remaining after the foregoing distributions, the Group I Principal Distribution Amount (other than the amounts described in clauses (b)(iv) and (v) of the definition thereof), which amount shall be allocated in the manner and priority set forth in Section 4.02(e) below, until the aggregate Certificate Principal Balance of each Class of Class A-LTPI Certificates and Class M-I Certificates has been reduced to zero; (iii) to the Class A-I Certificateholders and the Class M-I Certificateholders, $100 from the Group I Excess Cash Flow, an amount equal to the principal portion of Realized Losses on the Group I Loans during the immediately preceding Due Period, which amount shall be included in the Group I Principal Distribution Date immediately following Amount and allocated in the expiration manner and priority set forth in Section 4.02(e) below until the aggregate Certificate Principal Balance of each Class of Class A-I Certificates and Class M-I Certificates has been reduced to zero; (iv) to the Class A-II Certificateholders and Class M-II Certificateholders, from the amount, if any, of the latest Prepayment Charge term as identified Group I Excess Cash Flow remaining after the foregoing distributions, an amount equal to the principal portion of Realized Losses on the Mortgage Loan Schedule or any Group II Loans during the immediately preceding Due Period, to the extent not covered by distributions of the Group II Excess Cash Flow on such Distribution Date thereafter; providedDate, howeverwhich amount shall be included in the Group II Principal Distribution Amount and allocated in the manner and priority set forth in Section 4.02(f) below, that 98.00% until the aggregate Certificate Principal Balance of each Class of Class A-II Certificates and 2.00% Class M-II Certificates has been reduced to zero; (v) to the Class A-I Certificateholders and the Class M-I Certificateholders, from the amount, if any, of the Group I Excess Cash Flow remaining after the foregoing distributions, the Group I Overcollateralization Increase Amount, which amount shall be included in the Group I Principal Distribution Amount and allocated in the manner and priority set forth in Section 4.02(e) below, until the aggregate Certificate Principal Balance of each Class of Class A-I Certificates and Class M-I Certificates has been reduced to zero; (vi) to the Class A-II Certificateholders and Class M-II Certificateholders, from the amount, if any, of the Group I Excess Cash Flow remaining after the foregoing distributions, the Group II Overcollateralization Increase Amount for such Distribution Date, to the extent not covered by distributions of the Group II Excess Cash Flow on such Distribution Date, which amount shall be included in the Group II Principal Distribution Amount and allocated in the manner and priority set forth in Section 4.02(f) below, until the aggregate Certificate Principal Balance of each Class of Class A-II Certificates and Class M-II Certificates has been reduced to zero; (vii) to the Class A-I Certificateholders and Class M-I Certificateholders, from the amount, if any, of the Group I Excess Cash Flow remaining after the foregoing distributions, the amount of any principal payments related Prepayment Interest Shortfalls with respect to the Group I Loans for that are attributable Distribution Date, to a Overcollateralization Reduction Amount the extent not covered by Compensating Interest on such Distribution Date, which amount shall be allocated to Holders the Class A-I Certificateholders and Class M-I Certificateholders on a pro rata basis, based on the amount of Prepayment Interest Shortfalls allocated thereto for such Distribution Date; (viii) to the Class A-II Certificateholders and the Class M-II Certificateholders, from the amount, if any, of the REMIC Group I Regular Excess Cash Flow remaining after the foregoing distributions, the amount of any related Prepayment Interest IShortfalls with respect to the Group II Loans for that Distribution Date, to the extent not covered by Compensating Interest and distributions of the Group II Excess Cash Flow on such Distribution Date, which amount shall be allocated to the Class A-LT1 II Certificateholders and REMIC the Class M-II Certificateholders on a pro rata basis, based on the amount of Prepayment Interest Shortfalls allocated thereto for such Distribution Date; (ix) to the Class A-I Regular Certificateholders and the Class M-I Certificateholders, from the amount, if any, of the Group I Excess Cash Flow remaining after the foregoing distributions, the amount of any Prepayment Interest IShortfalls allocated thereto remaining unpaid from prior Distribution Dates together with interest thereon at the related Pass-LT6Through Rates, respectively.which amount shall be allocated to the Class A-I Certificateholders and the Class M-I Certificateholders on a pro rata basis, based on the amount of Prepayment Interest Shortfalls allocated thereto and remaining unpaid; (x) to the Class A-II Certificateholders and the Class M-II Certificateholders, from the amount, if any, of the Group I Excess Cash Flow remaining after the foregoing distributions, the amount of any Prepayment Interest Shortfalls allocated thereto remaining unpaid from prior Distribution Dates together with interest thereon at the related Pass-Through Rates, to the extent not covered by distributions of the Group II Excess Cash Flow on such Distribution Date, which amount shall be allocated to the Class A-II Certificateholders and the Class M-II Certificateholders on a pro rata basis, based on the amount of Prepayment Interest Shortfalls allocated thereto and remaining unpaid; (xi) to the Class A-I Certificateholders and the Class M-I Certificateholders, from the amount, if any, of the Group I Excess Cash Flow remaining after the foregoing distributions, the amount of any Group I Net WAC Cap Shortfalls on such Certificates, which amount shall be allocated first, to the Class A-I Certificateholders on a pro rata basis, based on their respective Group I Net WAC Cap Shortfalls, and then sequentially, to the Class M-I-1 Certificateholders, Class M-I-2 Certificateholders, Class M-I-3 Certificateholders and Class M-I-4 Certificateholders, in that order; (xii) to the Class A-II Certificateholders and the Class M-II Certificateholders, from the amount, if any, of the Group I Excess Cash Flow remaining after the foregoing distributions, the amount of any Group II Basis Risk Shortfalls on such Certificates to the extent not covered by distributions of the Group II Excess Cash Flow such Distribution Date, which amount shall be allocated first, to the Class A-II Certificateholders on a pro rata basis, based on their respective Group II Basis Risk Shortfalls, and then sequentially, to the Class M-II-1 Certificateholders, Class M-II-2 Certificateholders, Class M-II-3 Certificateholders and Class M-I-4 Certificateholders, in that order; 113 (xiii) to the Class A-I Certificateholders and the Class M-I Certificateholders, from the amount, if any, of the Group I Excess Cash Flow remaining after the foregoing distributions, the amount of any Relief Act Shortfalls allocated to such Certificates with respect to the Group I Loans for that Distribution Date, which amount shall be allocated to the Class A-I Certificateholders and the Class M-I Certificateholders on a pro rata basis, based on the amount of Relief Act Shortfalls allocated thereto for that Distribution Date; (xiv) to the Class A-II Certificateholders and the Class M-II Certificateholders, from the amount, if any, of the Group I Excess Cash Flow remaining after the foregoing distributions, the amount of any Relief Act Shortfalls allocated to such Cert

Distributions. (a) (1)(A) On each Distribution DateExcept for the Special Distribution, the following amountsCommon Distribution and distributions pursuant to SECTION 8.2 in connection with the dissolution and liquidation of the Partnership, the General Partner shall cause the Partnership to distribute all Net Cash Flow to the Partners from time to time as determined by the General Partner, but in any event not less frequently than quarterly, in such amounts as the General Partner shall determine, and in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may be: (i) First, to the Holders extent that the amount of REMIC I Regular Interests cash distributed to the General Partner for all prior Quarters pursuant to SECTION 6.2(a)(ii) (other than REMIC I Regular Interest I-LTPthe immediately preceding Quarter) was less than the Preferred Distribution for each of the outstanding Preferred Units for all such Quarters, and such deficiency was not previously distributed pursuant to this subsection (i) or paid as part of a Preferred Unit Redemption Amount (a "Preferred Distribution Shortfall"), Net Cash Flow shall be distributed to the General Partner in an amount equal to such Preferred Distribution Shortfall for all such prior Quarters. (ii) Second, Net Cash Flow shall be distributed to the General Partner on the Partnership Payment Date in an amount equal to the Preferred Distribution for the immediately preceding Quarter for each outstanding Preferred Unit then held by the General Partner. (iii) Third, to the extent the amount of cash distributed to the Partners holding Convertible Preferred Units pursuant to SECTION 6.2(a)(iv) for all prior Quarters (other than the immediately preceding Quarter) was less than the Convertible Preferred Distribution for each of the outstanding Convertible Preferred Units for all such Quarters, and such deficiency was not previously distributed pursuant to this subsection (iii) or paid as part of Convertible Preferred Unit Redemption Amount (a "Convertible Preferred Distribution Shortfall"), Net Cash Flow shall be distributed to the Partners holding Convertible Preferred Units, pro rata in accordance with their respective Convertible Preferred Units, in an amount equal to such Convertible Preferred Distribution Shortfall for all such prior Quarters. (Aiv) the Uncertificated Interest for such Distribution DateFourth, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates Net Cash Flow shall be entitled distributed to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; and (ii) (x) Partners holding Convertible Preferred Units on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, Partnership Payment Date in an amount equal to the remainder Convertible Preferred Distribution for the immediately preceding Quarter for each outstanding Convertible Preferred Unit then held by the Partners holding Convertible Preferred Units, pro rata in accordance with their respective Convertible Preferred Units. (v) Fifth, to the extent that the amount of cash distributed to Partners pursuant to SECTION 6.2(a)(vi) for all prior Quarters (other than the immediately preceding Quarter) was less than the Series C Preferred Distribution for each of the Available Distribution Amount outstanding Series C Preferred Units for all such Distribution Date after the distributions made Quarters, and such deficiency was not previously distributed pursuant to clauses this subsection (iv) and or paid as part of a Series C Preferred Unit Redemption Amount (ii)(x) abovea "Series C Preferred Distribution Shortfall"), allocated as follows (except as provided below):Net Cash Flow in an amount equal to such Series C Preferred Distribution Shortfall for all such prior quarters shall be distributed to the Partners holding Series C Preferred Units on the Partnership Payment Date for the immediately preceding Quarter, pro rata, in accordance with their respective Series C Preferred Units. (avi) Sixth, Net Cash Flow shall be distributed to the Holders Partners holding Series C Preferred Units in an amount equal to the Series C Preferred Distribution for the immediately preceding Quarter for each outstanding Series C Preferred Unit, pro rata, in accordance with their respective Series C Preferred Units. (vii) Seventh, the balance of any Net Cash Flow to be distributed, if any, shall be distributed to the REMIC I Regular Interest I-LT1Partners holding Common Units on the Partnership Payment Date with respect to the immediately preceding Quarter, 98.00% of such remainder;pro rata in accordance with their respective Common Units. (b) On the date hereof, immediately prior to the Holders Special Distribution, the Partnership shall formally declare a cash distribution of (i) $0.50 per outstanding Common Unit and Series C Preferred Unit and (ii) $0.60 per outstanding Convertible Preferred Unit, in each case to each holder of record of Common Units, Convertible Preferred Units and Series C Preferred Units as of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% close of such remainder, in the same proportion as principal payments are allocated transfer books of the Partnership immediately prior to the Corresponding Certificates;Merger. The payment date with respect to the Special Distribution shall be ________. (c) On the date hereof immediately after consummation of the Merger, the Common Distribution shall be effected by the distribution of each issued and outstanding common unit of Repositioning Strategies, L.P. (each, a "RSLP Common Unit") to each holder of record of Common Units, Convertible Preferred Units and Series C Preferred Units as of the close of the transfer books of the Partnership immediately after the consummation of the Merger such that (i) each Convertible Preferred Unit shall entitle the holder to receive RSLP Common Units equal to 1.196 multiplied by the number of RSLP Common Units being distributed in respect of each Common Unit, and (ii) each Series C Preferred Unit shall entitle the holder to receive that number of RSLP Common Units distributed in respect of each Common Unit. The payment date with respect to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainder; andCommon Distribution shall be ________. (d) The General Partner shall use its best efforts to cause the Partnership to distribute sufficient amounts to enable the General Partner to pay shareholder dividends that will (i) satisfy the requirements for qualifying as a REIT under the Code and Regulations ("REIT Requirements"), and (ii) avoid any federal income or excise tax liability of the General Partner. (e) With respect to any Limited Partner(s) from whom the General Partner receives an Exercise Notice to exercise Rights in accordance with ARTICLE XI for which the General Partner elects to pay the Cash Purchase Price pursuant to EXHIBIT C, the General Partner shall cause the Partnership to distribute to such Limited Partner(s), with respect to the Holders Common Units for which the Cash Purchase Price is paid, (i) on the Partnership Payment Date, if any, thereafter occurring during the Quarter in which the Cash Purchase Price is paid, an amount equal to a full PRO RATA share of any Net Cash Flow to which such Limited Partner would have been entitled to receive pursuant to SECTION 6.2(a)(vii) had such Limited Partner held such Common Units on the Partnership Payment Date occurring in such Quarter and (ii) on the Partnership Payment Date, if any, occurring during the next succeeding Quarter after such Exercise Notice is received, an amount equal to the Net Cash Flow to which such Limited Partner would have been entitled to receive pursuant to SECTION 6.2(a)(vii) had such Limited Partner held such Common Units on the Partnership Payment Date, multiplied by a fraction, the numerator of which is the number of days in the preceding Quarter (based on three 30-day months) that the Limited Partner held such Common Units and the denominator of which is 90. (f) Notwithstanding any other provision in this Agreement, from time to time and at such times as the General Partner shall determine, and prior to any determination or distribution of Net Cash Flow pursuant to SECTION 6.2(a), there shall be distributed to the General Partner from the revenues, proceeds or other funds of the REMIC I Regular Interest I-LTPPartnership, $100 on the Distribution Date immediately following the expiration an amount equal to any REIT Expenses (other than those described in clause (ii) of the latest Prepayment Charge term as identified definition of REIT Expenses), to the extent not paid or payable by the General Partner from cash distributions which it receives directly from any Property Partnerships on the Mortgage Loan Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% account of any principal payments that interest in the Property Partnership which it holds directly (as opposed to through the Partnership). (g) The provisions of SECTION 6.2 of this Agreement are attributable not intended to a Overcollateralization Reduction Amount shall be allocated to Holders of supersede or replace, and are subject to, the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6, respectivelyagreements set forth on EXHIBIT E hereto.

Distributions. (a) (1)(A1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I CertificatesInterest, as the case may be: (i) first, to the Holders of REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP)LTAA, REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2A, REMIC I Regular Interest I-LTA2B, REMIC I Regular Interest I-LTA2C, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6 and REMIC I Regular Interest I-LTZZ, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 LTZZ shall be reduced when the sum of the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 LTZZ Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, Amount and such amounts will be payable to the Holders of REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2A, REMIC I Regular Interest I-LTA2B, REMIC I Regular Interest I-LTA2C, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I- LTM5 and REMIC I Regular Interest I-LTM6 in the Class R-same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Certificates and the Uncertificated Balance of REMIC I Certificates, the Certificate Principal Balance thereof and Reeg; (y▇▇) on each Distribution Datesecond, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below):follows: (a) to the Holders of the REMIC I Regular Interest I-LT1LTAA, 98.00% of such remainderremainder (less the amount payable in clause (d) below), until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero; (b) to the Holders of the REMIC I Regular Interest I-LT2LTA1, REMIC I Regular Interest I-LT3LTA2A, REMIC I Regular Interest I-LT4 LTA2B, REMIC I Regular Interest I- LTA2C, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5 and REMIC I Regular Interest I-LT5LTM6, 1.00% of such remainderremainder (less the amount payable in clause (d) below), in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Balances of such REMIC I Regular Interests are reduced to zero; (c) to the Holders of the REMIC I Regular Interest I-LT6LTZZ, 1.00% of such remainderremainder (less the amount payable in clause (d) below), until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero; andthen (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Prepayment Charge Schedule or any Distribution Date thereafterthereafter until $100 has been distributed pursuant to this clause; and (e) any remaining amount to the Holders of the Class R Certificates (as Holder of the Class R-I Interest); provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a an Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT6LTZZ, respectively. (2) On each Distribution Date, the Trustee shall withdraw from the Distribution Account an amount equal to the Interest Remittance Amount and distribute to the Certificateholders the following amounts, in the following order of priority: (i) to the Holders of the Class A Certificates, on a PRO RATA basis based on the entitlement of each such Class, an amount equal to the Senior Interest Distribution Amount allocable to the Class A Certificates; (ii) to the Holders of the Class M-1 Certificates, an amount equal to the Interest Distribution Amount allocable to the Class M-1 Certificates; (iii) to the Holders of the Class M-2 Certificates, an amount equal to the Interest Distribution Amount allocable to the Class M-2 Certificates; (iv) to the Holders of the Class M-3 Certificates, an amount equal to the Interest Distribution Amount allocable to the Class M-3 Certificates; (v) to the Holders of the Class M-4 Certificates, an amount equal to the Interest Distribution Amount allocable to the Class M-4 Certificates; (vi) to the Holders of the Class M-5 Certificates, an amount equal to the Interest Distribution Amount allocable to the Class M-5 Certificates; and (vii) to the Holders of the Class M-6 Certificates, an amount equal to the Interest Distribution Amount allocable to the Class M-6 Certificates (3) On each Distribution Date, the Trustee shall withdraw from the Distribution Account an amount equal to the Principal Distribution Amount and distribute to the Certificateholders the following amounts, in the following order of priority: (A) On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, the Principal Distribution Amount shall be distributed in the following order of priority: (i) to the Holders of the Class A Certificates (allocated among the Class A Certificates in the priority described below), until the aggregate Certificate Principal Balance of the Class A Certificates have been reduced to zero; (ii) to the Holders of the Class M-1 Certificates, until the Certificate Principal Balance of the Class M-1 Certificates has been reduced to zero; (iii) to the Holders of the Class M-2 Certificates, until the Certificate Principal Balance of the Class M-2 Certificates has been reduced to zero; (iv) to the Holders of the Class M-3 Certificates, until the Certificate Principal Balance of the Class M-3 Certificates has been reduced to zero; (v) to the Holders of the Class M-4 Certificates, until the Certificate Principal Balance of the Class M-4 Certificates has been reduced to zero; (vi) to the Holders of the Class M-5 Certificates, until the Certificate Principal Balance of the Class M-5 Certificates has been reduced to zero; and (vii) to the Holders of the Class M-6 Certificates, until the Certificate Principal Balance of the Class M-6 Certificates has been reduced to zero. (B) On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, the Principal Distribution Amount shall be distributed in the following order of priority: (i) to the Holders of the Class A Certificates (allocated among the Class A Certificates in the priority described below), up to an amount equal to the Class A Principal Distribution Amount, until the aggregate Certificate Principal Balance of the Class A Certificates have been reduced to zero; (ii) to the Holders of the Class M-1 Certificates, up to an amount equal to the Class M-1 Principal Distribution Amount, until the Certificate Principal Balance of the Class M-1 Certificates has been reduced to zero; (iii) to the Holders of the Class M-2 Certificates, up to an amount equal to the Class M-2 Principal Distribution Amount, until the Certificate Principal Balance of the Class M-2 Certificates has been reduced to zero; (iv) to the Holders of the Class M-3 Certificates, up to an amount equal to the Class M-3 Principal Distribution Amount, until the Certificate Principal Balance of the Class

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests and distributed to the holders of the Class R Certificates (in respect of the Class R-I Interest), as the case may be: (1) to Holders of REMIC I Regular Interest I-1-A through I-40-B, pro rata, in an amount equal to (A) Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates. (2) to the extent of amounts remaining after the distributions made pursuant to clause (1) above, payments of principal shall be allocated as follows: first, to REMIC I Regular Interests I-1-A through I-40-B starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such payments of principal shall be allocated pro rata between such REMIC I Regular Interests, and second, to the extent of any Overcollateralization Reduction Amounts, to REMIC I Regular Interests I-1-A through I-40-B starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such Overcollateralization Reduction Amounts shall be allocated pro rata between such REMIC I Regular Interests. (3) to the Holders of REMIC I Regular Interest I-40-B, (A) all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period and (B) on the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter until $100 has been distributed pursuant to this clause. (b) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC II to REMIC III on account of the REMIC II Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-I CertificatesII Interest), as the case may be: (i) to the Holders of REMIC I Regular Interests (other than REMIC I II Regular Interest III-LTP)LTIO, in an amount equal to (Aa) the Uncertificated Accrued Interest for such REMIC II Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of such remainder; (b) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainder; and (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6, respectively.

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-I CertificatesInterest), as the case may be: With respect to the Group I Mortgage Loans: (i1) to the Holders of REMIC I Regular Interests (other than Interest I, and each of REMIC I Regular Interest II-1-LTP)A through I-52-B, pro rata, in an amount equal to (A) the Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; and. (ii2) (x) on the first Distribution Date, to the Holders extent of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date amounts remaining after the distributions made pursuant to clauses clause (i) and (ii)(x) above, payments of principal shall be allocated as follows (except as provided below): (a) follows: first, to REMIC I Regular interests I-1-A through I-52-B starting with the Holders lowest numerical denomination until the Uncertificated Balance of the each such REMIC I Regular Interest I-LT1is reduced to zero, 98.00% provided that, for REMIC I Regular Interests with the same numerical denomination, such payments of principal shall be allocated pro rata between such remainder; REMIC I Regular Interests, and second, to the extent of the product of (a) any Overcollateralization Reduction Amounts multiplied by (b) to a fraction, the Holders numerator of which is the aggregate Scheduled Principal Balance of the Group I Mortgage Loans and the denominator of which is the aggregate Scheduled Principal Balance of the Mortgage Loans, to REMIC I Regular Interest I-LT2, I until the Uncertificated Balance of such REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in the same proportion as principal payments are allocated is reduced to the Corresponding Certificates; (c) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainderzero; and (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6, respectively.

Distributions. (a) (1)(A1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-I CertificatesInterest), as the case may be: With respect to the Group I Mortgage Loans: (1) to Holders of REMIC I Regular Interest I, and each of REMIC I Regular Interest I-1-A through I-60-B, pro rata, in an amount equal to (A) Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates; (2) to the extent of amounts remaining after the distributions made pursuant to clause (i) above, payments of principal shall be allocated as follows: first, to REMIC I Regular Interests I-1-A through I-60-B starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such payments of principal shall be allocated pro rata between such REMIC I Regular Interests, and second, to the extent of the product of (a) any Overcollateralization Reduction Amounts multiplied by (b) a fraction, the numerator of which is the aggregate Scheduled Principal Balance of the Group I Mortgage Loans and the denominator of which is the aggregate Scheduled Principal Balance of the Mortgage Loans, to REMIC I Regular Interest I until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero; and (3) to the Holders of REMIC I Regular Interests Interest P, (other than A) all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period and (B) on the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter until $100 has been distributed pursuant to this clause. With respect to the Group II Mortgage Loans: (1) to Holders of REMIC I Regular Interest II and each of REMIC I Regular Interest II-1-LTPA through II-60-B, pro rata, in an amount equal to (A) Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates. to the extent of amounts remaining after the distributions made pursuant to clause (i) above, payments of principal shall be allocated as follows: first, to REMIC I Regular interests II-1-A through II-60-B starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such payments of principal shall be allocated pro rata between such REMIC I Regular Interests, and second, to the extent of the product of (a) any Overcollateralization Reduction Amounts multiplied by (b) a fraction, the numerator of which is the aggregate Scheduled Principal Balance of the Group I Mortgage Loans and the denominator of which is the aggregate Scheduled Principal Balance of the Mortgage Loans, to REMIC I Regular Interest I until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero. On each Distribution Date, all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period shall be distributed by REMIC I to the Holders of REMIC I Regular Interest P. The payment of the foregoing amounts to the Holders of REMIC I Regular Interest P shall not reduce the Uncertificated Balance thereof. (1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC II to REMIC III on account of the REMIC II Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-II Interest), as the case may be: (i) first, to the Holders of REMIC II Regular Interest II-IO, in an amount equal to (A) Uncertificated Interest for such REMIC II Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates and second, to the Holders of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2a, REMIC II Regular Interest II-LTA2b, REMIC II Regular Interest II-LTA2c, REMIC II Regular Interest II-LTA2d, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9 and REMIC II Regular Interest II-LTZZ, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I II Regular Interest III-LT6 LTZZ shall be reduced when the sum of the REMIC I Overcollateralized II Overcollateralization Amount is less than the REMIC I Required Overcollateralized II Overcollateralization Target Amount, by the lesser of (x) the amount of such difference and (y) the Maximum III-LT6 LTZZ Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof Amount and (y) on each Distribution Date, such amounts will be payable to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the II REMIC I II Regular Interest III-LT1LTA1, 98.00% of such remainder; (b) to the Holders of the REMIC I II Regular Interest III-LT2LTA2a, REMIC I II Regular Interest III-LT3LTA2b, REMIC I II Regular Interest III-LT4 LTA2c, REMIC II Regular Interest II-LTA2d, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8 and REMIC I II Regular Interest III-LT5, 1.00% of such remainder, LTM9 in the same proportion as principal payments are the Overcollateralization Increase Amount is allocated to the Corresponding Certificates; (c) to Certificates and the Holders Uncertificated Balance of the REMIC I II Regular Interest III-LT6, 1.00% of LTZZ shall be increased by such remainderamount; and (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6, respectively.

Distributions. (a) (1)(A1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may be: (i) to the Holders of REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP)Interests, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through RateRate and on each Distribution Date, the Class R-I Certificates shall be entitled to the excess, if any, of the REMIC I Remittance Rate on REMIC I Regular Interest LT3 over the REMIC I Remittance Rate on REMIC I Regular Interest LT2 times the Uncertificated Balance of REMIC I Regular Interest LT2. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 LT3 shall be reduced when the REMIC I Overcollateralized Subordinated Amount is less than the REMIC I Required Overcollateralized Subordinated Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 LT3 Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, Certificates the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below):follows: (a) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% the REMIC II Percentage of such remainder;amounts; and (b) to the Holders one-half of the remainder of such amounts to each Holder of REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 LT2 and REMIC I Regular Interest ILT3, for so long as the REMIC I Subordinated Amount is less than or equal to the REMIC I Required Subordinated Amount and, thereafter, one-LT5, 1.00% half of such remainder, in the same proportion as principal payments are allocated amounts to the Corresponding Certificates; (c) to the Holders Holder of the REMIC I Regular Interest I-LT6LT3, 1.00% and the remainder of such remainder; and (d) to the Holders of the amounts divided between REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 LT2 and REMIC I Regular Interest I-LT6, respectivelyLT3 such that REMIC I Subordinated Amount equals the REMIC I Required Subordinated Amount.

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-I CertificatesInterest), as the case may be: (1) With respect to the Group I Mortgage Loans: (i) to the Holders of REMIC I Regular Interests (other than REMIC I Regular Interest II-1-LTP)A through I-43-B, pro rata, in an amount equal to (A) the Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders extent of amounts remaining after the Class Rdistributions made pursuant to clause (i) above, payments of principal shall be allocated to REMIC I Regular interests I-1-A through I-43-B starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I CertificatesRegular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the Certificate Principal Balance thereof and same numerical denomination, such payments of principal shall be allocated pro rata between such REMIC I Regular Interests. (y2) on each Distribution Date, With respect to the Group II Mortgage Loans: (i) to Holders of REMIC I Regular InterestsInterest II-1-A through II-43-B, pro rata, in an amount equal to the remainder of the Available Distribution Amount (A) Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates; and (ii) to the extent of amounts remaining after the distributions made pursuant to clauses clause (i) and (ii)(x) above, payments of principal shall be allocated as follows (except as provided below): (a) to REMIC I Regular interests II-1-A through II-43-B starting with the Holders lowest numerical denomination until the Uncertificated Balance of the each such REMIC I Regular Interest I-LT1is reduced to zero, 98.00% of such remainder; (b) to the Holders of the provided that, for REMIC I Regular Interest I-LT2Interests with the same numerical denomination, such payments of principal shall be allocated pro rata between such REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainder; and (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6, respectivelyInterests.

Distributions. on the REMIC 1 Regular Interests and REMIC 2 Regular Interests. (a) (1)(A) Distributions on the REMIC 1 Regular Interests. On each Distribution Date, the following amounts, Trustee shall cause in the following order of priority, shall the following amounts to be distributed by REMIC I 1 to REMIC II 2 on account of the REMIC I 1 Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class RA-I RL Certificates, as the case may be: (i) first, to the Holders of REMIC I 1 Regular Interests (other than REMIC I Regular Interest ILTI-LTP)P and LTI-R, in an amount equal to (x) the related Uncertificated Accrued Interest for such Distribution Date, plus (y) any amounts in respect thereof remaining unpaid from previous Distribution Dates and second, to Holders of REMIC 1 Regular Interests LTI-1, LTI-S1, LTI-S2 and LTI-PF an amount equal to (x) the related Uncertificated Accrued Interest for such Distribution Date, plus (y) any amounts in respect thereof remaining unpaid from previous Distribution Dates; (ii) second, to the Holders of REMIC 1 Regular Interests, in an amount equal to the remainder of the Available Funds for such Distribution Date after the distributions made pursuant to clause (i) above and, in the case of distributions made pursuant to Section 4.07(a)(ii)(b), the amount of any Prepayment Charges for such Distribution Date, allocated as follows: (a) to the Holders of REMIC 1 Regular Interest LTI-R, an amount equal to the amount of principal distributed to the holder of the Corresponding Uncertificated Interest on such Distribution Date pursuant to Section 4.07(b)(ii)(a); (b) to the Holders of REMIC 1 Regular Interest LTI-P, an amount equal to the amount distributed to the holder of the Corresponding Uncertificated Interest on such Distribution Date pursuant to Section 4.07(b)(ii)(b); (c) to the Holders of REMIC 1 Regular Interest LTI-1, until the Uncertificated Principal Balance of REMIC 1 Regular Interest LTI-1 is reduced to zero; and (d) to the Holders of REMIC 1 Regular Interest LTI-PF, until the Uncertificated Principal Balance of REMIC 1 Regular Interest LTI-PF is reduced to zero; and any remaining amount to the Holders of the Class A-RL Certificates; provided, however, that for the first three Distribution Dates, such amounts constituting Available Funds relating to the Initial Mortgage Loans shall be allocated to REMIC 1 Regular Interest LTI-1, and such amounts constituting Available Funds relating to the Subsequent Mortgage Loans and shall be allocated to REMIC 1 Regular Interest LTI-PF. (b) Distributions on the REMIC 2 Regular Interests. On each Distribution Date, the Trustee shall cause in the following order of priority, the following amounts to be distributed by REMIC 2 to REMIC 3 on account of the REMIC 2 Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class A-R Certificates (in respect of the Class R-2 Interest), as the case may be: (i) first, to the extent of the sum of Available Funds for such Distribution Date, to Holders of REMIC 2 Regular Interests MTI-AA, MTI-A-1, MTI-A-2A, MTI-A-2B, MTI-A-3, MTI-A-4, MTI-M-1, ▇▇▇-▇-▇, ▇▇▇-▇-▇, ▇▇▇-▇-▇, ▇▇▇-▇-▇, ▇▇▇-▇-▇, MTI-M-7, MTI-M-8, MTI-M-9A, MTI-M-9F, MTI-B-1, MTI-B-2, MTI-ZZ, MTI-P, MTI-R and M▇▇-▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇ (A) the Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Accrued Interest in respect of REMIC I 2 Regular Interest IMTI-LT6 ZZ shall be reduced when the REMIC I Overcollateralized 2 Overcollateralization Amount is less than the REMIC I Required Overcollateralized 2 Overcollateralization Target Amount, by the lesser of (x) the amount of such difference and (y) the REMIC 2 Regular Interest MTI ZZ Maximum I-LT6 Uncertificated Interest Deferral Amount; andAmount and such amount will be payable to the Holders of REMIC 2 Regular Interest MTI-A-1, REMIC 2 Regular Interest MTI-A-2A, REMIC 2 Regular Interest MTI-A-2B, REMIC 2 Regular Interest MTI-A-3, REMIC 2 Regular Interest MTI-A-4, REMIC 2 Regular Interest MTI-M-1, REMIC 2 Regular Interest MTI-M-2, REMIC 2 Regular Interest MTI-M-3, REMIC 2 Regular Interest MTI-M-4, REMIC 2 Regular Interest MTI-M-5, REMIC 2 Regular Interest MTI-M-6, REMIC 2 Regular Interest MTI-M-7, REMIC 2 Regular Interest MTI-M-8, REMIC 2 Regular Interest MTI-M-9A, REMIC 2 Regular Interest MTI-M-9F, REMIC 2 Regular Interest MTI-B-1 and REMIC 2 Regular Interest MTI-B-2 in the same proportion as the amounts are allocated to the Corresponding Certificate, pursuant to Section 4.02(b) herein, for each such REMIC 2 Regular Interest, and the Uncertificated Principal Balance of the REMIC 2 Regular Interest MTI-ZZ shall be increased by such amount; (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Datesecond, to the Holders of REMIC I 2 Regular Interests, in an amount equal to the remainder of the Available Funds for such Distribution Amount Date after the distributions made pursuant to clause (i) above and, in the case of distributions made pursuant to Section 4.07(b)(ii)(b), the amount of any Prepayment Charges for such Distribution Date, allocated as follows: (a) to the Holders of REMIC 2 Regular Interest MTI-R, an amount equal to the amount of principal distributed to the holder of the Corresponding Certificate on such Distribution Date pursuant to Section 4.02(b); and (b) to the Holders of REMIC 2 Regular Interest MTI-P, an amount equal to the amount of principal distributed to the holder of the Corresponding Certificate on such Distribution Date pursuant to Section 4.02(b); and (iii) third, to the Holders of REMIC 2 Regular Interests, in an amount equal to the remainder of the Available Funds for such Distribution Date after the distributions made pursuant to clauses (i) and (ii)(xii) above, allocated as follows (except as provided below):follows: (a) 98% of such remainder to the Holders of the REMIC I 2 Regular Interest IMTI-LT1AA, 98.00% until the Uncertificated Principal Balance of such remainderREMIC 2 Regular Interest is reduced to zero; (b) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.002% of such remainder, in first, to the same proportion as Holders of REMIC 2 Regular Interest MTI-A-1, MTI-A-2A, MTI-A-2B, MTI-A-3, MTI-A-4, MTI-M-1, MT▇-▇-▇, ▇▇▇-▇-▇, ▇▇▇-▇-▇, ▇▇▇-▇-▇, ▇▇▇-▇-▇, ▇▇I-M-7, MTI-M-8, MTI-M-9A, MTI-M-9F, MTI-B-1 and MTI-B-2, equal to 1% of and ▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇ principal payments are allocated to the Corresponding Certificates;, until the Uncertificated Principal Balances of such REMIC 2 Regular Interests are reduced to zero; and second, to the Holders of REMIC 2 Regular Interest MTI-ZZ, until the Uncertificated Principal Balance of such REMIC 2 Regular Interest is reduced to zero; and (c) any remaining amount to the Holders of the REMIC I Regular Interest IClass A-LT6, 1.00% of such remainder; and R Certificates (d) to the Holders in respect of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6, respectivelyClass R-2 Interest).

Distributions. (a) (1)(A1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-I CertificatesInterest), as the case may be: (i) to the Holders of REMIC I Regular Interests (other than Interest I-LTAA, REMIC I Regular Interest I-LTP)LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTA2A, REMIC I Regular Interest I-LTA3, REMIC I Regular Interest I-LTA4, REMIC I Regular Interest I-LTA5, REMIC I Regular Interest I-LTA6, REMIC I Regular Interest I-LTA6A, REMIC I Regular Interest I-LTA7, REMIC I Regular Interest I-LTA8, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTB and REMIC I Regular Interest I-LTZZ, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 LTZZ shall be reduced when the sum of the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 LTZZ Uncertificated Interest Deferral AmountAmount and such amounts will be payable to the Holders of REMIC I REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTA2A, REMIC I Regular Interest I-LTA3, REMIC I Regular Interest I- LTA4, REMIC I Regular Interest I-LTA5, REMIC I Regular Interest I-LTA6, REMIC I Regular Interest I-LTA6A, REMIC I Regular Interest I-LTA7, REMIC I Regular Interest I- LTA8, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I- LTM5 and REMIC I Regular Interest I-LTB in the same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Certificates and the Uncertificated Balance of REMIC I Regular Interest I-LTZZ shall be increased by such amount; and (ii) (x) on the first Distribution Date, to the Holders of REMIC I Regular Interest I-LT1SUB, REMIC I Regular Interest I-LT1GRP, REMIC I Regular Interest I-LT2SUB, REMIC I Regular Interest I- LT2GRP and REMIC I Regular Interest I-LTXX, on a PRO RATA basis, in an amount equal to (A) the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates; (iii) to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the REMIC I Marker Allocation Percentage of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below):follows: (a) to the Holders of the REMIC I Regular Interest I-LT1LTAA, 98.00% of such remainderremainder (less the amount payable in clause (d) below), until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero; (b) to the Holders of the REMIC I Regular Interest I-LT2LTA1, REMIC I Regular Interest I-LT3LTA2, REMIC I Regular Interest I-LT4 LTA2A, REMIC I Regular Interest I- LTA3, REMIC I Regular Interest I-LTA4, REMIC I Regular Interest I-LTA5, REMIC I Regular Interest I-LTA6, REMIC I Regular Interest I-LTA6A, REMIC I Regular Interest I-LTA7, REMIC I Regular Interest I-LTA8, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I- LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5 and REMIC I Regular Interest I-LT5LTB, 1.00% of such remainderremainder (less the amount payable in clause (d) below), in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Balances of such REMIC I Regular Interests are reduced to zero; (c) to the Holders of the REMIC I Regular Interest I-LT6LTZZ, 1.00% of such remainderremainder (less the amount payable in clause (d) below), until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero; andthen (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Prepayment Charge Schedule or any Distribution Date thereafterthereafter until $100 has been distributed pursuant to this clause; and (e) any remaining amount to the Holders of the Class R Certificates (as Holder of the Class R-I Interest); provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a an Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT6LTZZ, respectively; and (iv) to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the REMIC I Sub WAC Allocation Percentage of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clause (i) above, such that distributions of principal shall be deemed to be made to the REMIC I Regular Interests first, so as to keep the Uncertificated Balance of each REMIC I Regular Interest ending with the designation "GRP" equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group; second, to each REMIC I Regular Interest ending with the designation "SUB," so that the Uncertificated Balance of each such REMIC I Regular Interest is equal to 0.01% of the excess of (x) the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group over (y) the current Certificate Principal Balance of the Class A Certificates in the related Loan Group (except that if any such excess is a larger number than in the preceding distribution period, the least amount of principal shall be distributed to such REMIC I Regular Interests such that the REMIC I Subordinated Balance Ratio is maintained); and third, any remaining principal to REMIC I Regular Interest I-LTXX. Notwithstanding the distributions pursuant to this Section 4.01(1), distribution of funds shall conform to the distributions made pursuant to Section 4.01(2), (3) and (4). (I) On each Distribution Date, the Trustee shall withdraw from the Distribution Account an amount equal to the Group I Interest Remittance Amount and distribute to the Certificateholders the following amounts, in the following order of priority: (i) to the Certificate Insurer, the amount owing to the Certificate Insurer under the Insurance Agreement for the premium payable in respect of the Insured Certificates; (ii) concurrently, to the Holders of the Group I Certificates, on a PRO RATA basis based on the entitlement of each such Class, an amount equal to the Senior Interest Distribution Amount allocable to such Certificates; (iii) to the Certificate Insurer, the Reimbursement Amount for such Distribution Date; and (iv) to the Holders of the Class A-II Certificates, an amount equal to the Senior Interest Distribution Amount allocable to such Certificates, to the extent remaining undistributed after the distribution of the Group II Interest Remittance Amount as set forth in Section 4.01(a)(2)(II)(i). (II) On each Distribution Date, the Trustee shall withdraw from the Distribution Account an amount equal to the Group II Interest Remittance Amount and distribute to the Certificateholders the following amounts, in the following order of priority: (i) to the Holders of the Class A-II Certificates, an amount equal to the Senior Interest Distribution Amount allocable to such Certificates; (ii) to the Certificate Insurer, the amount owing to the Certificate Insurer under the Insurance Agreement for the premium payable in respect of the Insured Certificates, to the extent remaining unpaid after the distribution of the Group I Interest Remittance Amount set forth in Section 4.01(a)(2)(I)(i); (iii) concurrently, to the Holders of the Group I Certificates, on a PRO RATA basis based on the entitlement of each such Class, an amount equal to the Senior Interest Distribution Amount allocable to such Certificates, to the extent remaining undistributed after the distribution of the Group I Interest Remittance Amount set forth in Section 4.01(a)(2)(I)(ii); and (iv) to the Certificate Insurer, the Reimbursement Amount for such Distribution Date, to the extent not paid pursuant to Section 4.01(a)(2)(I)(iii). (III) On each Distribution Date, following the distributions made pursuant to Section 4.01(a)(2)(I) above, the Trustee shall withdraw from the Distribution Account an amount equal to any remaining Group I Interest Remittance Amount and Group II Interest Remittance Amount and distribute to the Certificateholders the following amounts, in the following order of priority: (i) to the Holders of the Class M-1 Certificates, an amount equal to the Interest Distribution Amount allocable to the Class M-1 Certificates; (ii) to the Holders of the Class M-2 Certificates, an amount equal to the Interest Distribution Amount allocable to the Class M-2 Certificates; (iii) to the Holders of the Class M-3 Certificates, an amount equal to the Interest Distribution Amount allocable to the Class M-3 Certificates; (iv) to the Holders of the Class M-4 Certificates, an amount equal to the Interest Distribution Amount allocable to the Class M-4 Certificates; (v) to the Holders of the Class M-5 Certificates, an amount equal to the Interest Distribution Amount allocable to the Class M-5 Certificates; and (vi) to the Holders of the Class B Certificates, an amount equal to the Interest Distribution Amount allocable to the Class B Certificates. (I) On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, the Group I Principal Distribution Amount shall be distributed in the following order of priority: (i) to the Holders of the Group I Certificates (allocated among the Classes of Group I Certificates in the priority described below), until the Certificate Principal Balances thereof have been reduced to zero; (ii) to the Certificate Insurer, the Reimbursement Amount for such Distribution Date, to the extent not paid pursuant to Section 4.01(a)(2)(I)(iii) and Section 4.01(a)(2)(II)(iv); and (iii) after taking into account the amount distributed to the Holders of the Class A-II Certificates pursuant to Section4.01(a)(3)(II)(i) on such Distribution Date, to the Holders of the Class A-II Certificates, until the Certificate Principal Balance thereof has been reduced to zero. (II) On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, the Group II Principal Distribution Amount shall be distributed in the following order of priority: (i) to the Holders of the Class A-II Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (ii) after taking into account the amount distributed to the Holders of the Group II Certificates pursuant to Section 4.01(a)(3)(I)(i) on such Distribution Date, to the Holders of the Group I Certificates (allocated among the Classes of Group I Certificates in the priority described below), until the Certificate Principal Balances thereof have been reduced to zero; and (iii) after taking into account the amount distributed to the Certificate Insurer pursuant to Section 4.01(a)(3)(I)(ii), to the Certificate Insurer, the Reimbursement Amount for such Distribution Date, to the extent not paid pursuant to Section 4.01(a)(2)(I)(iii), Section 4.01(a)(2)(II)(iv) and Section 4.01(a)(3)(I)(ii). (III) On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, the Group I Principal Distribution Amount and the Group II Principal Distribution Amount remaining undistributed for such Distribution Date shall be distributed in the following order of priority: (i) to the Holders of the Class M-1 Certificates, until the Certificate Principal Balance of such Class has been reduced to zero; (ii) to the Holders of the Class M-2 Certificates, until the Certificate Principal Balance of such Class has been reduced to zero; (iii) to the Holders of the Class M-3 Certificates, until the Certificate Principal Balance of such Class has been reduced to zero; (iv) to the Holders of the Class M-4 Certificates, until the Certificate Principal Balance of such Class has been reduced to zero; (v) to the Holders of the Class M-5 Certificates, until the Certificate Principal Balance of such Class has been reduced to zero; and (vi) to the Holders of the Class B Certificates, until the Certificate Principal Balance of such Class has been reduced to zero. (IV) On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, the Group I Principal Distribution Amount shall be distributed in the following order of priority: (i) to the Holders of the Group I Certificates (allocated among the Classes of Group I Certificates in the priority described below), the Group I Allocation Percentage of the Class A Principal Distribution Amount, until the Certificate Principal Balances thereof have been reduced to zero; (ii) to the Certificate Insurer, the Reimbursement Amount for such Distribution Date, to the extent not paid pursuant to Section 4.01(a)(2)(I)(iii) and Section 4.01(a)(2)(II)(iv); and (iii) to the Holders of the Class A-II Certificates, an amount equal to the excess, if any, of (x) the amount required to be distributed pursuant to Section 4.01(a)(3)(V)(i) for such Distribution Date over (y) the amount actually distributed pursuant to Section 4.01(a)(3)(V)(i) from the Group II Principal Distribution Amount on such Distribution Date. (V) On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, the Group II Principal Distribution Amount shall be distributed in the following order of priority: (i) to the Holders of the Class A-II Certificates, the Group II Allocation Percentage of the Class A Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; (ii) to the Holders of the Group I Certificates (allocated among the Classes of Group I Certificates in the priority described below), an amount equal to the excess, if any, of (x) the amount required to be distributed pursuant to Section 4.01(a)(3)(IV)(i) for such Distribution Date over (y) the amount actually distributed pursuant to Section 4.01(a)(3)(IV)(i) from the Group I Principal Distribution Amount on such Distribution Date; and (iii) after taking into account the amount distributed to the Certificate Insurer pursuant to Section 4.01(a)(3)(IV)(ii), to the Certificate Insurer, the Reimbursement Amount for such Distribution Date, to the extent not paid pursuant to Section 4.01(a)(3)(I)(iii), Section 4.01(a)(2)(II)(iv) and Section 4.01(a)(3)(IV)(iii). (VI) On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, the Group I Principal Distribution Amount and the Group II Principal Distribution Amount remaining undistributed for such Distribution Date shall be distributed in the following order of priority: (i) to the holders of the Class M-1 Certificates, the Class M-1 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; (ii) to the holders of the Class M-2 Certificates, the Class M-2 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; (iii) to the holders of the Class M-3 Certificates, the Class M-3 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; (iv) to the holders of the Class M-4 Certificates, the Class M-4 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; (v) to the holders of the Class M-5 Certificates, the Class M-5 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; and

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-I CertificatesInterest), as the case may be: (i) first, to the Holders of REMIC I Regular Interests Interest I-LTS1A, REMIC I Regular Interest I-LTS1B, REMIC I Regular Interest I-LTS1C, REMIC I Regular Interest I-LTS1D, REMIC I Regular Interest I-LTS1E, REMIC I Regular Interest I-LTS2A, REMIC I Regular Interest I-LTS2B, REMIC I Regular Interest I-LTS2C, REMIC I Regular Interest I-LTS2D and REMIC I Regular Interest I-LTS2E, in an amount equal to (other than A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates and second, to the Holders of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT2 and REMIC I Regular Interest I-LTP), in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; and; (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of such remainder; (b) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainder; and (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; providedthereafter until $100 has been distributed pursuant to this clause; (iii) on each Distribution Date, howeverthe remainder of the Available Funds for such Distribution Date after the distributions made pursuant to clause (i) and clause (ii) above, that 98.00% and 2.00% of any principal payments that are attributable first, to a Overcollateralization Reduction Amount shall be allocated to the Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6LT2 until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero, respectivelyand second, to the Holders of REMIC I Regular Interest I-LTS1A, REMIC I Regular Interest I-LTS1B, REMIC I Regular Interest I-LTS1C, REMIC I Regular Interest I-LTS1D, REMIC I Regular Interest I-LTS1E, REMIC I Regular Interest I-LTS2A, REMIC I Regular Interest I-LTS2B, REMIC I Regular Interest I-LTS2C, REMIC I Regular Interest I-LTS2D and REMIC I Regular Interest I-LTS2E until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero; and (iv) to the Holders of the Class R Certificates (in respect of the Class R-I Interest), any amounts remaining after the distributions pursuant to clauses (i) through (iii) above. On each Distribution Date, all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period will be distributed by REMIC I to the Holders of REMIC I Regular Interest I-LTP. The payment of the foregoing amounts to the Holders of REMIC I Regular Interest I-LTP shall not reduce the Uncertificated Balance thereof.

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests and distributed to the holders of the Class R Certificates (in respect of the Class R-I Interest), as the case may be: (1) With respect to the Group IA Mortgage Loans: (i) to Holders of REMIC I Regular Interest A-I, and each of REMIC I Regular Interest I-1-A through I-44-B, pro rata, in an amount equal to (A) Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates; (ii) to the extent of amounts remaining after the distributions made pursuant to clause (i) above, to the Holders of REMIC I Regular Interest A-I, an amount of principal shall be distributed to such Holders until the Uncertificated Balance of REMIC I Regular Interest A-I is reduced to zero; and (iii) to the extent of amounts remaining after the distributions made pursuant to clause (i) and (ii) above, payments of principal shall be allocated to REMIC I Regular interests I-1-A through I-44-B starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such payments of principal shall be allocated pro rata between such REMIC I Regular Interests. (2) With respect to the Group IB Mortgage Loans: (i) to Holders of REMIC I Regular Interest A-II, and each of REMIC I Regular Interest II-1-A through II-44-B, pro rata, in an amount equal to (A) Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates; (ii) to the extent of amounts remaining after the distributions made pursuant to clause (i) above, to the Holders of REMIC I Regular Interest A-II, an amount of principal shall be distributed to such Holders until the Uncertificated Balance of REMIC I Regular Interest A-II is reduced to zero; and (iii) to the extent of amounts remaining after the distributions made pursuant to clause (i) and (ii) above, payments of principal shall be allocated to REMIC I Regular interests II-1-A through II-44-B starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such payments of principal shall be allocated pro rata between such REMIC I Regular Interests. (3) With respect to the Group II Mortgage Loans: (i) to Holders of REMIC I Regular Interest A-III and each of REMIC I Regular Interest III-1-A through III-44-B, pro rata, in an amount equal to (A) Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates. (ii) to the extent of amounts remaining after the distributions made pursuant to clause (i) above, to the Holders of REMIC I Regular Interest A-III, an amount of principal shall be distributed to such Holders until the Uncertificated Balance of REMIC I Regular Interest A-III is reduced to zero; and (iii) to the extent of amounts remaining after the distributions made pursuant to clause (i) and (ii) above, payments of principal shall be allocated to REMIC I Regular interests III-1-A through III-44-B starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such payments of principal shall be allocated pro rata between such REMIC I Regular Interests. (b) to the Holders of REMIC I Regular Interest P, (A) all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period and (B) on the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter until $100 has been distributed pursuant to this clause. (1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC II to REMIC III on account of the REMIC II Regular Interests or withdrawn from the Distribution Account and distributed to the holders Holders of the Class R Certificates (in respect of the Class R-I CertificatesII Interest), as the case may be: (i) first to the Holders of REMIC I Regular Interests (other than REMIC I II Regular Interest I-LTP)IO, in an amount equal to (A) Uncertificated Interest for such REMIC II Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates and second, to the Holders of REMIC II Regular Interest AA, REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B1, REMIC II Regular Interest A-1B2, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-2D, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, REMIC II Regular Interest M-3, REMIC II Regular Interest M-4, REMIC II Regular Interest M-5, REMIC II Regular Interest M-6, REMIC II Regular Interest M-7, REMIC II Regular Interest M-8, REMIC II Regular Interest M-9, REMIC II Regular Interest M-10 and REMIC II Regular Interest ZZ, pro rata, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I II Regular Interest I-LT6 ZZ shall be reduced when the REMIC I Overcollateralized II Overcollateralization Amount is less than the REMIC I II Required Overcollateralized Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 ZZ Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof Amount and (y) on each Distribution Date, such amount will be payable to the Holders of REMIC I II Regular Interest A-1A, REMIC II Regular Interest A-1B1, REMIC II Regular Interest A-1B2, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-2D, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, REMIC II Regular Interest M-3, REMIC II Regular Interest M-4, REMIC II Regular Interest M-5, REMIC II Regular Interest M-6, REMIC II Regular Interest M-7, REMIC II Regular Interest M-8, REMIC II Regular Interest M-9 and REMIC II Regular Interest M-10 in the same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Certificates and the Uncertificated Balance of REMIC II Regular Interest ZZ shall be increased by such amount; (ii) to Holders of REMIC II Regular Interest IA-SUB, REMIC II Regular Interest IA-GRP, REMIC II Regular Interest IB-SUB, REMIC II Regular Interest IB-GRP, REMIC II Regular Interest II-SUB, REMIC II Regular Interest II-GRP, and REMIC II Regular Interest XX, pro rata, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates; (iii) to the Holders of REMIC II Regular Interests, in an amount equal to the remainder of the Available Distribution Amount REMIC II Marker Allocation Percentage of the available funds for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below):follows: (aA) 98.00% of such remainder to the Holders of the REMIC I II Regular Interest I-LT1AA, 98.00% until the Uncertificated Balance of such remainderREMIC II Regular Interest is reduced to zero; (bB) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.002.00% of such remainder, first, to the Holders of REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B1, REMIC II Regular Interest A-1B2, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-2D, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, REMIC II Regular Interest M-3, REMIC II Regular Interest M-4, REMIC II Regular Interest M-5, REMIC II Regular Interest M-6, REMIC II Regular Interest M-7, REMIC II Regular Interest M-8, REMIC II Regular Interest M-9 and REMIC II Regular Interest M-10, 1% of and in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Balances of such REMIC II Regular Interests are reduced to zero and second to the Holders of REMIC II Regular Interest ZZ, until the Uncertificated Balance of such REMIC II Regular Interest is reduced to zero; (cC) to the Holders of REMIC II Regular Interest P, 100% of the amounts deemed distributed on REMIC I Regular Interest I-LT6, 1.00% of such remainderP; andthen (dD) any remaining amount to the Holders of the REMIC I Regular Interest I-LTPClass R Certificate, $100 on the Distribution Date immediately following the expiration in respect of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafterClass R-II Interest; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a an Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I II Regular Interest I-LT1 AA and REMIC I II Regular Interest I-LT6ZZ, respectively. (iv) to the Holders of REMIC II Regular Interests, in an amount equal to the remainder of the REMIC II Sub WAC Allocation Percentage of available funds for such Distribution Date after the distributions made pursuant to clause (ii) above, such that distributions of principal shall be deemed to be made to the REMIC II Regular Interests first, so as to keep the Uncertificated Balance of each REMIC II Regular Interest ending with the designation “GRP” equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the related loan group; second, to each REMIC II Regular Interest ending with the designation “SUB,” so that the Uncertificated Balance of each such REMIC II Regular Interest is equal to 0.01% of the excess of (x) the aggregate Stated Principal Balance of the Mortgage Loans in the related loan group over (y) the current Certificate Principal Balance of the Class A Certificate in the related loan group (except that if any such excess is a larger number than in the preceding distribution period, the least amount of principal shall be distributed to such REMIC II Regular Interests such that the REMIC II Subordinated Balance Ratio is maintained); and third, any remaining principal to REMIC II Regular Interest XX. (v) Notwithstanding the distributions described in Section 5.01(a)(1), distributions of funds shall be made to Certificateholders only in accordance with Section 5.01(a)(2) through (8). (2) On each Distribution Date, the Securities Administrator shall withdraw from the Distribution Account to the extent on deposit therein an amount equal to the Group IA Interest Remittance Amount and make the following disbursements and transfers in the order of priority described below, in each case to the extent of the Group IA Interest Remittance Amount remaining for such Distribution Date: first, to the Supplemental Interest Trust, an amount equal to the Group I Allocation Percentage of (i) any Net Swap Payment owed to the Swap Provider and (ii) any Swap Termination Payment owed to the Swap Provider not due to a Swap Provider Trigger Event; second, to the Holders of the Class A-1A Certificates, the Senior Interest Distribution Amount allocable to the Class A-1A Certificates; third, concurrently, to the Holders of the Class A-1B1, Class A-1B2, Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates (including the Insurer as subrogee with respect to the Class A-1B2 Certificates), the Senior Interest Distribution Amount allocable to each such Class, to the extent remaining unpaid after the distribution of the Group IB Interest Remittance Amount as set forth in Section 5.01(c)(3) below and the Group II Interest Remittance Amount as set forth in Section 5.01(c)(4) below, on a pro rata basis, based on the entitlement of each such Class; and

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may be: (i) to the Holders of REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP), in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 LT7 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 LT7 Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LTP, on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter until $100 has been distributed pursuant to this clause; (b) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of the amount remaining after application of clause (a), until the Uncertificated Balance of such remainderREMIC I Regular Interest is reduced to zero and any remaining amount to the Holders of the Class R-I Certificates; (bc) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 LT4, REMIC I Regular Interest I-LT5 and REMIC I Regular Interest I-LT5LT6, 1.00% of such remainderthe amount remaining after application of clause (a), in the same proportion as principal payments are allocated to the related Corresponding Certificates; (c) , until the Uncertificated Balances of such REMIC I Regular Interests are reduced to zero and any remaining amount to the Holders of the REMIC Class R-I Regular Interest I-LT6, 1.00% of such remainderCertificates; and (d) to the Holders of the REMIC I Regular Interest I-LTPLT7, $100 on the Distribution Date immediately following the expiration 1.00% of the latest Prepayment Charge term as identified on amount remaining after application of clause (a), until the Mortgage Loan Schedule or Uncertificated Balance of such REMIC I Regular Interest is reduced to zero and any Distribution Date thereafterremaining amount to the Holders of the Class R-I Certificates; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6LT7, respectively.

Distributions. (a) On each Distribution Date, the Trustee (1)(Aor the Paying Agent on behalf of the Trustee) shall allocate and distribute the Principal Distribution Amount for such date to the interests issued in respect of REMIC I and REMIC II as specified in this Section. (1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may beInterests: (i) to the extent of the Available Distribution Amount, to the Holders of REMIC I Regular Interests (other than Interest LT-AA, REMIC I Regular Interest ILT-1A, REMIC I Regular Interest LT-1B and REMIC I Regular Interest LT-LTP)ZZ, pro rata, in an amount equal to (A) the related Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Accrued Interest in respect of REMIC I Regular Interest ILT-LT6 ZZ shall be reduced when the REMIC I Overcollateralized Overcollateralization Amount is less than the REMIC I Required Overcollateralized Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the REMIC I Regular Interest LT-ZZ Maximum I-LT6 Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, and such amount will be payable to the Holders of REMIC I Regular Interest LT-1A and REMIC I Regular Interest LT-1B in the same proportion as the Overcollateralization Increase Amount is allocated to the Class R-I A Certificates, the Certificate Principal Balance thereof ; and (yii) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below): ): (aA) to the Holders of the REMIC I Regular Interest I-LT1LT- AA, 98.00% of such remainder; remainder until the Uncertificated Principal Balance of such REMIC I Regular Interest is reduced to zero; (bB) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 LT-1A and REMIC I Regular Interest I-LT5LT-1B, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates; pro rata, (cC) to the Holders of the REMIC I Regular Interest ILT-LT6ZZ, 1.00% of such remainder; and and (dD) any remaining amounts to the Holders of the REMIC Class R-I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafterCertificates; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest ILT-LT1 AA and REMIC I Regular Interest ILT-LT6ZZ, respectively. (2) Notwithstanding the distributions on the REMIC Regular Interests described in this Section 4.02(b), distribution of funds from the Certificate Account shall be made only in accordance with Section 4.02(c). (c) On each Distribution Date (x) the Master Servicer on behalf of the Trustee or (y) the Paying Agent appointed by the Trustee, shall distribute to each Certificateholder of record on the next preceding Record Date (other than as provided in Section 9.01 respecting the final distribution) either in immediately available funds (by wire transfer or otherwise) to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor, if such Certificateholder has so notified the Master Servicer or the Paying Agent, as the case may be, or, if such Certificateholder has not so notified the Master Servicer or the Paying Agent by the Record Date, by check mailed to such Certificateholder at the address of such Holder appearing in the Certificate Register such Certificateholder's share (which share with respect to each Class of Certificates, shall be based on the aggregate of the Percentage Interests represented by Certificates of the applicable Class held by such Holder of the following amounts), in the following order of priority, in each case to the extent of the remaining Available Distribution Amount: (i) to the Class A Certificateholders, the related Accrued Certificate Interest payable on such Certificates with respect to such Distribution Date, plus any related Accrued Certificate Interest remaining unpaid from any prior Distribution Date, less any related Prepayment Interest Shortfalls, to the extent not covered by Compensating Interest pursuant to Section 3.16; (ii) to the Class A Certificateholders, the Principal Distribution Amount (other than with respect to clauses (iv) and (v) thereof), in the manner and priority set forth in Section 4.02(d) below, until the aggregate Certificate Principal Balance of the Class A Certificates has been reduced to zero; (iii) to the Class A Certificateholders, an amount equal to the Realized Losses (other than Excess Losses) on the Mortgage Loans during the immediately preceding Due Period, which shall be included in the Principal Distribution Amount and distributed in the manner and priority set forth in Section 4.02(d) below, until the aggregate Certificate Principal Balance of the Class A Certificates has been reduced to zero; (iv) to the Certificate Insurer, the amount of any Cumulative Insurance Payments; (v) commencing on the Distribution Date in December 2002, to the Class A Certificateholders, the Overcollateralization Increase Amount, which will be included in the Principal Distribution Amount and distributed in the manner and priority set forth in Section 4.02(d) below, until the aggregate Certificate Principal Balance of the Class A Certificates has been reduced to zero; (vi) to the Class A Certificateholders, the amount of any related Prepayment Interest Shortfalls with respect to the Mortgage Loans for that Distribution Date, to the extent not covered by Compensating Interest on such Distribution Date, which will be allocated to the Class A Certificateholders on a pro rata basis, based on the amount of Accrued Certificate Interest thereon for such Distribution Date; (vii) to the Class A Certificateholders, the amount of any Prepayment Interest Shortfalls allocated thereto remaining unpaid from prior Distribution Dates together with interest thereon, which will repaid to the Class A Certificateholders on a pro rata basis, based on the amount of Prepayment Interest Shortfalls remaining unpaid; (viii) to make payments, from amounts otherwise payable to the Class SB Certificates: (A) first, to the Basis Risk Shortfall Reserve Fund to pay to the Class A Certificates the amount of any Basis Risk Shortfall Carry-Forward Amount on such Certificates and (B) second, to maintain a balance in the Basis Risk Shortfall Reserve Fund equal to the Basis Risk Shortfall Reserve Fund Deposit; (ix) to the Class SB Certificates, the sum of (A) Accrued Certificate Interest thereon, (B) the amount of any Overcollateralization Reduction Amount for such Distribution Date, and (C) any prepayment charges received on the Mortgage Loans during the related Prepayment Period; and (x) to the Class R Certificateholders, the balance, if any, of the Available Distribution Amount. (d) On each Distribution Date, the Principal Distribution Amount shall be distributed as follows: (i) first, concurrently, the Class A-IA Principal Distribution Amount will be distributed to the Class A-IA Certificates, until the Certificate Principal Balance of the Class A-IA Certificates has been reduced to zero, and the Class A-IB Principal Distribution Amount will be distributed to the Class A-IB Certificates, until the Certificate Principal Balance of the Class A-IB Certificates has been reduced to zero: and (ii) second, any remaining Principal Distribution Amount will be distributed to the remaining class of Class A Certificates, until the Certificate Principal Balance of that class of Class A Certificates has been reduced to zero. (e) Notwithstanding the foregoing clauses (c) and (d), upon the reduction of the Certificate Principal Balance of a Class of Class A Certificates to zero, such Class of Certificates will not be entitled to further distributions pursuant to Section 4.02, including, without limitation, the payment of current and unreimbursed Prepayment Interest Shortfalls pursuant to clauses (c)(vi) and (vii) and the Basis Risk Shortfall Carry-Forward Amount pursuant to clause (c)(viii). (f) Within five Business Days before the related Distribution Date, the Master Servicer shall notify the Trustee of the amounts, if any, payable to the Certificate Insurer pursuant to Section 4.02(c)(iv). (g) In addition to the foregoing distributions, with respect to any Mortgage Loan that was previously the subject of a Cash Liquidation or an REO Disposition that resulted in a Realized Loss, in the event that within two years of the date on which such Realized Loss was determined to have occurred the Master Servicer receives amounts which the Master Servicer reasonably believes to represent subsequent recoveries (net of any related liquidation expenses), or determines that it holds surplus amounts previously reserved to cover estimated expenses specifically related to such Mortgage Loan (including, but not limited to, recoveries (net of any related liquidation expenses) in respect of the representations and warranties made by the related Seller pursuant to the applicable Seller's Agreement), the Master Servicer shall distribute such amounts to the Class or Classes to which such Realized Loss was allocated (with the amounts to be distributed allocated among such Classes in the same proportions as such Realized Loss was allocated), and within each such Class to the Certificateholders of record as of the Record Date immediately preceding the date of such distribution (or if such Class of Certificates is no longer outstanding, to the Certificateholders of record at the time that such Realized Loss was allocated); provided that no such distribution to any Class of Certificates of subsequent recoveries related to a Mortgage Loan shall exceed, either individually or in the aggregate and together with any other amounts paid in reimbursement therefor, the amount of the related Realized Loss that was allocated to such Class of Certificates. For the purposes of this Section 4.02(g) any allocation of a Realized Loss to Excess Cash Flow will be treated as an allocation of a Realized Loss to the Class A Certificates. Notwithstanding the foregoing, to the extent that the Master Servicer receives recoveries with respect to Realized Losses which were allocated to the related Class A Certificates and which were paid by the Certificate Insurer pursuant to the Certificate Guaranty Insurance Policy and not previously reimbursed pursuant to Section 4.02(c)(iv), such recoveries shall be paid directly to the Certificate Insurer and applied to reduce the Cumulative Insurance Payments then due to the Certificate Insurer prior to any payment of such amounts to any current Certificateholder or any previous Certificateholder. Any amounts to be so distributed shall not be remitted to or distributed from the Trust Fund, and shall constitute subsequent recoveries with respect to Mortgage Loans that are no longer assets of the Trust Fund. (h) Each distribution with respect to a Book-Entry Certificate shall be paid to the Depository, as Holder thereof, and the Depository shall be responsible for crediting the amount of such distribution to the accounts of its Depository Participants in accordance with its normal procedures. Each Depository Participant shall be responsible for disbursing such distribution to the Certificate Owners that it represents and to each indirect participating brokerage firm (a "brokerage firm" or "indirect participating firm") for which it acts as agent. Each brokerage firm shall be responsible for disbursing funds to the Certificate Owners that it represents. None of the Trustee, the Certificate Registrar, the Depositor or the Master Servicer shall have any responsibility therefor except as otherwise provided by this Agreement or applicable law. (i) Except as otherwise provided in Section 9.01, if the Master Servicer anticipates that a final distribution with respect to any Class of Certificates will be made on the next Distribution Date, the Master Servicer shall, no later than the Determination Date in the month of such final distribution, notify the Trustee and the Trustee shall, no later than two (2) Business Days after such Determination Date, mail on such date to each Holder of such Class of Certificates a notice to the effect that: (i) the Trustee anticipates that the final distribution with respect to such Class of Certificates will be made on such Distribution Date but only upon presentation and surrender of such Certificates at the office of the Trustee or as otherwise specified therein, and (ii) no interest shall accrue on such Certificates from and after the end of the prior calendar month. In the event that Certificateholders required to surrender their Certificates pursuant to Section 9.01(c) do not surrender their Certificates for final cancellation, the Trustee shall cause funds distributable with respect to such Certificates to be withdrawn from the Certificate Account and credited to a separate escrow account for the benefit of such Certificateholders as provided in Section 9.01(d).

Distributions. (a) (1)(A1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Group I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I CertificatesInterest, as the case may be: (i) first, to the Holders of REMIC I Regular Interests (other than the REMIC I Regular Interest I-LTP)LTA-1, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 LTZZ shall be reduced when the sum of the REMIC I Overcollateralized Group I Overcollateralization Amount is less than the REMIC I Group I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; and. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I- LTZZ shall be reduced when the REMIC I Group I Overcollateralized Amount is less than the REMIC I Group I Required Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LTZZ Uncertificated Interest Deferral Amount and such amount will be payable to the Holders of REMIC I Regular Interest I- LTA-1 in the same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Certificates; (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Datesecond, to the Holders of REMIC I Group I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below):follows: (a) to the Holders of the REMIC I Regular Interest I-LT1LTAA, 98.0098.000% of such remainderremainder (less the amount payable in clause (d) below), until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero; (b) to the Holders of the REMIC I Regular Interest I-LT2LTA-1, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.001.000% of such remainderremainder (less the amount payable in clause (d) below), in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Balances of such REMIC I Regular Interests are reduced to zero; (c) to the Holders of the REMIC I Regular Interest I-LT6LTZZ, 1.001.000% of such remainderremainder (less the amount payable in clause (d) below), until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero; andthen (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafterthereafter until $100 has been distributed pursuant to this clause; and (e) any remaining amount to the Holders of the Class R Certificates (as Holder of the Class R-I Interest); provided, however, that 98.0098.000% and 2.002.000% of any principal payments that are attributable to a an Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 I- LTAA and REMIC I Regular Interest I-LT6LTZZ, respectively. (2) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Group II Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Interest, as the case may be: (i) first, to Holders of the REMIC I Regular Interest II-LTA-2, REMIC I Regular Interest II-LTM1, REMIC I Regular Interest II-LTM2, REMIC I Regular Interest II-LTM3, REMIC I Regular Interest II-LTM4 and REMIC I Regular Interest II-LTM5, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest II- LTZZ shall be reduced when the sum of the REMIC I Group II Overcollateralization Amount is less than the REMIC I Group II Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum Uncertificated Interest

Distributions. (a) (1)(A1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-I CertificatesInterest), as the case may be: (i) (a) to the Holders of REMIC I Regular Interests (other than Interest I-LTAA, REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9, REMIC I Regular Interest I-LTM10, REMIC I Regular Interest I-LTZZ and REMIC I Regular Interest I-LTP), PRO RATA, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 LTZZ shall be reduced and deferred when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 LTZZ Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof Amount and (y) on each Distribution Date, such amount will be payable to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of such remainder; (b) to the Holders of the REMIC I Regular Interest I-LT2LTA1, REMIC I Regular Interest I-LT3LTA2, REMIC I Regular Interest I-LT4 LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, LTM10 in the same proportion as principal payments are the Overcollateralization Deficiency Amount is allocated to the Corresponding Certificates; (c) to Certificates and the Holders Uncertificated Balance of the REMIC I Regular Interest I-LT6, 1.00% of LTZZ shall be increased by such remainderamount; and (db) to the Holders of the REMIC I Regular Interest I-LTPLT1SUB, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 LT1GRP, REMIC I Regular Interest I-LT2SUB, REMIC I Regular Interest I-LT2GRP and REMIC I Regular Interest I-LT6LTXX, respectively.PRO RATA, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates;

Distributions. (a) (1)(A1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders Holders of the Class R Certificates (in respect of the Class R-I CertificatesInterest), as the case may be: (i) first, to the Holders of REMIC I Regular Interests (other than Interest I-LTAA, REMIC Regular Interest I-LTA, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I- LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTZZ and REMIC I Regular Interest I-LTP), PRO RATA, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 LTZZ shall be reduced and deferred when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Overcollateralization Target Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 LTZZ Uncertificated Interest Deferral Amount; andAmount and such amount will be payable to the Holders of REMIC Regular Interest I-LTA, REMIC I Regular Interest I- LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3 and REMIC I Regular Interest I-LTM4 in the same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Certificates and the Uncertificated Principal Balance of the REMIC I Regular Interest I-LTZZ shall be increased by such amount; (ii) [reserved]; (xiii) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount Funds for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below):follows: (a) to the Holders of the REMIC I Regular Interest I-LT1LTAA and REMIC I Regular Interest I-LTP, 98.00% of such remainderremainder (other than amounts payable under clause (iv) below), until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero, provided, however, that REMIC I Regular Interest I-LTP shall not be reduced until the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter, at which point such amount shall be distributed to REMIC I Regular Interest I-LTP, until $100 has been distributed pursuant to this clause; (b) to the Holders of the REMIC I Regular Interest I-LT2LTA, REMIC I Regular Interest I-LT3LTM1, REMIC I Regular Interest I-LT4 LTM2, REMIC I Regular Interest I- LTM3 and REMIC I Regular Interest I-LT5LTM4, 1.00% of such remainderremainder (other than amounts payable under clause (iv) below), in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Balances of such REMIC I Regular Interests are reduced to zero; (c) to the Holders of the REMIC I Regular Interest I-LT6LTZZ, 1.00% of such remainderremainder (other than amounts payable under clause (iv) below), until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero; and (d) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-I Interest); provided, however, that (i) 98.00% and (ii) 2.00% of any principal payments that are attributable to an Overcollateralization Reduction Amount shall be allocated to Holders of (i) REMIC I Regular Interest I-LTAA and REMIC I Regular Interest I-LTP, $100 on in that order and (ii) REMIC I Regular Interest I-LTZZ, respectively; provided that REMIC I Regular Interest I-LTP shall not be reduced until the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Prepayment Charge Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount at which point such amount shall be allocated distributed to Holders of the REMIC I Regular Interest I-LT1 LTP, until $100 has been distributed pursuant to this clause; and (iv) [reserved]. Notwithstanding the priorities and REMIC I Regular amounts of distribution of funds pursuant to this Section 4.01(a)(1), actual distributions of Available Funds shall be made only in accordance with Section 4.01(a)(2), (3) and (4). (2) On each Distribution Date, the Trustee shall withdraw from the Distribution Account an amount equal to the Interest IRemittance Amount and distribute the following amounts, in the following order of priority: (i) to the Certificate Insurer, the Premium Amount for such Distribution Date; (ii) to the Holders of the Class A Certificates, the Senior Interest Distribution Amount related to such Certificates; and (iii) to the Certificate Insurer, any Reimbursement Amounts owing to the Certificate Insurer and any other amounts owing to the Certificate Insurer under the Insurance Agreement with respect to the Insured Certificates . (iv) sequentially to the Class M-1, Class M-2, Class M-3 and ▇▇▇▇▇ ▇-LT6▇ ▇▇▇▇ificates, respectivelyin that order, in an amount equal to the Interest Distribution Amount for each such Class. (3) On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, the Principal Distribution Amount shall be distributed in the following order of priority: (i) to the Holders of the Class A Certificates, until the Certificate Principal Balance of such class has been reduced to zero; (ii) to the Certificate Insurer, the amount owing to the Certificate Insurer under the Insurance Agreement for reimbursement for prior draws made on the Certificate Insurance Policy in respect of the Insured Certificates and any other amounts owing to the Certificate Insurer under the Insurance Agreement with respect to the Insured Certificates, to the extent not paid pursuant to Section 4.01(a)(2)(iii) above. (iii) sequentially to the Class M-1, Class M-2, Class M-3 and Class M-4 Certificates, in that order, until the Certificate Principal Balance of each such Class has been reduced to zero.

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-I CertificatesInterest), as the case may be: (i) first, (a) to the Holders of REMIC I Regular Interests (other than Interest I-LTAA, REMIC Regular Interest I-LTA1, REMIC Regular Interest I-LTA2, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC Regular Interest I-LTMV3, REMIC Regular Interest I-LTMF3, REMIC Regular Interest I-LTM4, REMIC I Regular Interest I-LTZZ and REMIC I Regular Interest I-LTP), PRO RATA, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 LTZZ shall be reduced and deferred when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Overcollateralization Target Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 LTZZ Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof Amount and (y) on each Distribution Date, such amount will be payable to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of such remainder; (b) to the Holders of the REMIC I Regular Interest I-LT2LTA1, REMIC I Regular Interest I-LT3LTA2, REMIC I Regular Interest I-LT4 LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTMV3, REMIC Regular Interest I-LTMF3 and REMIC Regular Interest I-LTM4 in the same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Certificates; and (b) to Holders of REMIC I Regular Interest I-LT1SUB, REMIC I Regular Interest I- LT1GRP, REMIC I Regular Interest I-LT2SUB, REMIC I Regular Interest I-LT2GRP and REMIC I Regular Interest I-LT5LTXX, 1.00% of such remainderPRO RATA, in an amount equal to (A) the same proportion as principal payments are allocated to the Corresponding Certificates; Uncertificated Interest for such Distribution Date, plus (cB) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainder; and (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the any amounts in respect thereof remaining unpaid from previous Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6, respectively.Dates

Distributions. (a) (1)(A1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I CertificatesII Interest, as the case may be: (i) to the Holders of REMIC I Regular Interests (other than Interest I-LT1, REMIC I Regular Interest I-LTP)LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4, REMIC I Regular Interest I-LT5, REMIC I Regular Interest I-LT6 and REMIC I Regular Interest I-LT7, PRO RATA, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Accrued Interest in respect of REMIC I Regular Interest I-LT6 LT7 shall be reduced when the REMIC I Overcollateralized Overcollateralization Amount is less than the REMIC I Required Overcollateralized Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the REMIC I Regular Interest I-LT7 Maximum Interest Deferral Amount , and such amount will be payable to the Holders of REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4, REMIC I Regular Interest I-LT5 and REMIC I Regular Interest I-LT6 Uncertificated Interest Deferral Amountin the same proportion as the Overcollateralization Increase Amount is allocated to the Class A-1 Certificates, Class A-2 Certificates, Class M-1 Certificates, Class M-2 Certificates and Class B Certificates, respectively; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date proceeds relating to the REMIC I Regular Interests after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below): (ai) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of such remainderremainder until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero; (bii) to the Holders of the REMIC I Regular Interest Interests I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest LT4, I-LT5LT5 ▇▇▇ I-LT6, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Class A-1, Class A-2, Class M-1, Class M-2 and Class B Certificates, respectively; (ciii) to the Holders of the REMIC I Regular Interest I-LT6LT7, 1.00% of such remainder; and (div) any remaining amounts to the Holders of the REMIC I Regular Interest IClass R-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafterII Interest; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a an Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6LT7, respectively. Notwithstanding the distributions on the REMIC I Regular Interests described in this Section 4.01(a)(1), distribution of funds from the Certificate Account shall be made only in accordance with the remaining sections of Section 4.01. (2) On each Distribution Date, the Trust Administrator shall withdraw from the Distribution Account an amount equal to the Interest Remittance Amount and make the following disbursements and transfers in the order of priority described below, in each case to the extent of the Interest Remittance Amount (or, in the case of clause (i) and clause (ii), to the extent of the applicable specified portion of the Interest Remittance Amount) remaining for such Distribution Date: (i) the portion of the Interest Remittance Amount attributable to the Group I Mortgage Loans will be distributed: FIRST, to pay the Class A-1 Certificates the Senior Interest Distribution Amount for the Class A-1 Certificates; and SECOND, to pay the Class A-2 Certificates the Senior Interest Distribution Amount for the Class A-2 Certificates, in each case to the extent not paid pursuant to clause (ii) below; (ii) the portion of the Interest Remittance Amount attributable to the Group II Mortgage Loans will be distributed: FIRST, to pay the Class A-2 Certificates the Senior Interest Distribution Amount for the Class A-2 Certificates; and SECOND, to pay the Class A-1 Certificates the Senior Interest Distribution Amount for the Class A-1 Certificates, in each case to the extent not paid pursuant to clause (i) above; and (iii) the portion of the Interest Remittance Amount remaining undistributed following the distributions pursuant to clauses (i) and (ii) above will be distributed: FIRST, to the Holders of the Class M-1 Certificates, the related Interest Distribution Amount for such Class for such Distribution Date; SECOND, to the Holders of the Class M-2 Certificates, the related Interest Distribution Amount for such Class for such Distribution Date; and THIRD, to the Holders of the Class B Certificates, the related Interest Distribution Amount for such Class for such Distribution Date. (3) On each Distribution Date, the Trust Administrator shall withdraw from the Distribution Account an amount equal to the Group I Basic Principal Distribution Amount and the Group II Basic Principal Distribution Amount and distribute to the Certificateholders the following amounts, in the following order of priority: (i) On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, the Group I Basic Principal Distribution Amount shall be distributed in the following order of priority; FIRST, to the Holders of the Class A-1 Certificates, until the Certificate Principal Balance of such Class has been reduced to zero; and SECOND, to the Holders of the Class A-2 Certificates, until the Certificate Principal Balance of such Class has been reduced to zero (after taking into account distributions of the Group II Basic Principal Distribution Amount set forth in (ii) below). (ii) On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, the Group II Basic Principal Distribution Amount shall be distributed in the following order of priority; FIRST, to the Holders of the Class A-2 Certificates, until the Certificate Principal Balance of such Class has been reduced to zero; and SECOND, to the Holders of the Class A-1 Certificates, until the Certificate Principal Balance of such Class has been reduced to zero (after taking into account distributions of the Group I Basic Principal Distribution Amount set forth in (i) above). (iii) On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, any remaining Group I Basic Principal Distribution Amount and Group II Basic Principal Distribution Amount shall be distributed in the following order of priority; FIRST, to the Holders of the Class M-1 Certificates, until the Certificate Principal Balance of such Class has been reduced to zero; SECOND, to the Holders of the Class M-2 Certificates, until the Certificate Principal Balance of such Class has been reduced to zero; and THIRD, to the Holders of the Class B Certificates, until the Certificate Principal Balance of such Class has been reduced to zero. (iv) On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, the Group I Basic Principal Distribution Amount shall be distributed in the following order of priority;

Distributions. (a) (1)(A1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-I CertificatesInterest), as the case may be: (i) (a) to the Holders of REMIC I Regular Interests (other than Interest I-LTAA, REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTA3, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTZZ and REMIC I Regular Interest I-LTP), PRO RATA, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 LTZZ shall be reduced and deferred when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 LTZZ Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof Amount and (y) on each Distribution Date, such amount will be payable to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of such remainder; (b) to the Holders of the REMIC I Regular Interest I-LT2LTA1, REMIC I Regular Interest I-LT3LTA2, REMIC I Regular Interest I-LT4 LTA3, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC Regular Interest I- LTM4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, LTM5 in the same proportion as principal payments are the Overcollateralization Deficiency Amount is allocated to the Corresponding Certificates; (c) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainder; and (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6, respectively.

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may be: (i) to the Holders of REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP), in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of such remainder; (b) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainder; and (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 99 on the first Distribution Date, and $1 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafterSchedule; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6, respectively.

Distributions. (a) (1)(A) On each Distribution Date, an amount equal to the following amounts, related Interest Funds and Group I Principal Funds for such Distribution Date shall be withdrawn by the Securities Administrator to the extent of any such funds in the Distribution Account and distributed in the following order of priority: (1) Interest Funds in respect of Loan Group I shall be distributed in the following manner and order of priority: (A) To the Class I-A Insurer, the Class I-A Insurer Premium Amount for such Distribution Date; (B) to the Class I-A Certificates, the Current Interest and any Interest Carry Forward Amount for such Distribution Date and such Class; (C) To the Class I-A Insurer, any Class I-A Reimbursement Amount; and (D) From remaining Interest Funds in respect to Loan Group I, sequentially, to the Class I-M Class I-B-1, Class I-B-2, Class I-B-3 and Class I-B-4 Certificates, in that order, the Current Interest for each such Class. Any Group I Excess Spread to the extent necessary to meet a level of overcollateralization equal to the Group I Overcollateralization Target Amount will be the Group I Extra Principal Distribution Amount and will be included as part of the Group I Principal Distribution Amount. Any Group I Remaining Excess Spread together with any Group I Overcollateralization Release Amount will be applied as Group I Excess Cashflow and distributed pursuant to clauses (a)(3)(A) through (G) below. On any Distribution Date, any related Relief Act Interest Shortfalls and any related Prepayment Interest Shortfalls allocated to the Group I Certificates to the extent not covered by Compensating Interest will be allocated as set forth in the definition of “Current Interest” herein. (2) Group I Principal Funds, including any Group I Extra Principal Distribution Amount, shall be distributed by REMIC I to REMIC II on account in the following manner and order of the REMIC I Regular Interests or withdrawn from the priority: (A) For each Distribution Account and distributed Date (i) prior to the holders of the Class R-Group I Certificates, as the case may beStepdown Date or (ii) on which a Group I Trigger Event is in effect: (i) to To the Holders of REMIC I Regular Interests (other than REMIC I Regular Interest Class I-LTP)A Insurer, in an amount equal the Class I-A Insurer Premium Amount for such Distribution Date remaining unpaid after distributions made pursuant to Section 6.04(a)(1)(A) above; (Aii) To the Uncertificated Interest Class I-A Certificates, the Group I Principal Distribution Amount for such Distribution Date, plus until the Certificate Principal Balance thereof is reduced to zero; (iii) To the Class I-A Insurer, any Class I-A Reimbursement Amount remaining unpaid after distributions made pursuant to Section 6.04(a)(1)(C) above; (iv) To the Class I-M Certificates, the remaining Group I Principal Distribution Amount for such Distribution Date, until the Certificate Principal Balance thereof is reduced to zero; (v) To the Class I-B-1 Certificates, the remaining Group I Principal Distribution Amount for such Distribution Date, until the Certificate Principal Balance thereof is reduced to zero; (vi) To the Class I-B-2 Certificates, the remaining Group I Principal Distribution Amount for such Distribution Date, until the Certificate Principal Balance thereof is reduced to zero; (vii) To the Class I-B-3 Certificates, the remaining Group I Principal Distribution Amount for such Distribution Date, until the Certificate Principal Balance thereof is reduced to zero; and (viii) To the Class I-B-4 Certificates, from any remaining Group I Principal Distribution Amount for such Distribution Date, until the Certificate Principal Balance thereof is reduced to zero. (B) any amounts For each Distribution Date on or after the Stepdown Date, so long as a Group I Trigger Event is not in respect thereof effect: (i) To the Class I-A Insurer, the Class I-A Insurer Premium Amount for such Distribution Date remaining unpaid after distributions made pursuant to Section 6.04(a)(1)(A) above; (ii) To the Class I-A Certificates, the Class I-A Principal Distribution Amount for such Distribution Date, until the Certificate Principal Balance thereof is reduced to zero; (iii) To the Class I-A Insurer, any Class I-A Reimbursement Amount remaining unpaid after distributions made pursuant to Sections 6.04(a)(1)(C) and 6.04(a)(2)(A)(iii) above; (iv) To the Class I-M Certificates, from previous any remaining Group I Principal Distribution Dates. On the first Amount for such Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 shall be reduced when the REMIC I Overcollateralized M Principal Distribution Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of for such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, until the Certificate Principal Balance thereof and is reduced to zero; (yv) on each Distribution DateTo the Class I-B-1 Certificates, to the Holders of REMIC from any remaining Group I Regular Interests, in an amount equal to the remainder of the Available Principal Distribution Amount for such Distribution Date after Date, the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest Class I-LT1B-1 Principal Distribution Amount for such Distribution Date, 98.00% of such remainderuntil the Certificate Principal Balance thereof is reduced to zero; (bvi) to To the Holders of the REMIC I Regular Interest Class I-LT2B-2 Certificates, REMIC from any remaining Group I Regular Interest Principal Distribution Amount for such Distribution Date, the Class I-LT3B-2 Principal Distribution Amount for such Distribution Date, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in until the same proportion as principal payments are allocated Certificate Principal Balance thereof is reduced to the Corresponding Certificateszero; (cvii) to To the Holders of the REMIC I Regular Interest Class I-LT6B-3 Certificates, 1.00% of from any remaining Group I Principal Distribution Amount for such remainderDistribution Date, the Class I-B-3 Principal Distribution Amount for such Distribution Date, until the Certificate Principal Balance thereof is reduced to zero; and (dviii) to To the Holders of the REMIC I Regular Interest Class I-LTPB-4 Certificates, $100 on from any remaining Group I Principal Distribution Amount for such Distribution Date, the Class B-4 Principal Distribution Date immediately following Amount for such Distribution Date, until the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% of any principal payments that are attributable Certificate Principal Balance thereof is reduced to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6, respectivelyzero.

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may be: (i) to the Holders of REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP), in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 LT7 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 LT7 Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LTP, on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter until $100 has been distributed pursuant to this clause; (b) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of the amount remaining after application of clause (a), until the Uncertificated Balance of such remainderREMIC I Regular Interest is reduced to zero and any remaining amount to the Holders of the Class R-I Certificates; (bc) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 LT4, REMIC I Regular Interest I-LT5 and REMIC I Regular Interest I-LT5LT6, 1.00% of such remainderthe amount remaining after application of clause (a), in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) , until the Uncertificated Balances of such REMIC I Regular Interests are reduced to zero and any remaining amount to the Holders of the REMIC Class R-I Regular Interest I-LT6, 1.00% of such remainderCertificates; and (d) to the Holders of the REMIC I Regular Interest I-LTPLT7, $100 on the Distribution Date immediately following the expiration 1.00% of the latest Prepayment Charge term as identified on amount remaining after application of clause (a), until the Mortgage Loan Schedule or Uncertificated Balance of such REMIC I Regular Interest is reduced to zero and any Distribution Date thereafterremaining amount to the Holders of the Class R-I Certificates; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6LT7, respectively.

Distributions. (a) On each Distribution Date, the Trustee (1)(Aor the Paying Agent on behalf of the Trustee) shall allocate and distribute the Available Distribution Amount, if any, for such date to the interests issued in respect of REMIC I and REMIC II as specified in this Section. (1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may beInterests: (iA) to the extent of the Available Distribution Amount, to the Holders of the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP)Interests, pro rata, in an amount equal to (A) the related Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Accrued Interest in respect of REMIC I Regular Interest I-LT6 ZZ shall be reduced when the REMIC I Overcollateralized Overcollateralization Amount is less than the REMIC I Required Overcollateralized Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the REMIC I Regular Interest ZZ Maximum I-LT6 Uncertificated Interest Deferral Amount, and such amount will be payable to the Holders of REMIC I Regular Interests A-1, A-2, A-3, M-1, M-2, M-3 and M-4 in the same proportion as the Overcollateraliz▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ is allocated to the corresponding Class of Certificates, and the Uncertificated Principal Balance of the REMIC I Regular Interest ZZ shall be increased by such amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (yB) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below): ): (aA) to the Holders of the REMIC I Regular Interest I-LT1AA, 98.00% of such remainder; remainder until the Uncertificated Principal Balance of such REMIC I Regular Interest is reduced to zero; (bB) to the Holders of REMIC I Regular Interests A-1, A-2, A-3, M-1, M-2, M-3 and M-4, 1.00% of such remainder in the same propor▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇tributed in respect of principal on the corresponding Class of Certificates; (C) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) to the Holders of the REMIC I Regular Interest I-LT6ZZ, 1.00% of such remainder; and and (dD) any remaining amounts to the Holders of the REMIC Class R-I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafterCertificates; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a an Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 AA and REMIC I Regular Interest I-LT6ZZ, respectively; and provided further, that any prepayment charges on deposit in the Certificate Account attributable to prepayment charges received on the Mortgage Loans during the related Payment Period shall be deemed distributed to REMIC II as the holder of the REMIC I Regular Interest AA. (2) Notwithstanding the distributions described in this Section 4.02(b), distribution of funds from the Certificate Account shall be made only in accordance with Section 4.02(c). (c) On each Distribution Date (x) the Trustee or (y) the Paying Agent appointed by the Trustee, shall distribute to each Certificateholder of record on the next preceding Record Date (other than as provided in Section 9.01 respecting the final distribution) either in immediately available funds (by wire transfer or otherwise) to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor, if such Certificateholder has so notified the Master Servicer or the Paying Agent, as the case may be, or, if such Certificateholder has not so notified the Master Servicer or the Paying Agent by the Record Date, by check mailed to such Certificateholder at the address of such Holder appearing in the Certificate Register such Certificateholder's share (which share with respect to each Class of Certificates, shall be based on the aggregate of the Percentage Interests represented by Certificates of the applicable Class held by such Holder of the following amounts, in the following order of priority, subject to the provisions of Section 4.02(d)), to the extent of the Available Distribution Amount on deposit in the Certificate Account with respect to clauses (i) through (xii), and to the extent of the sum of the remaining Available Distribution Amount on deposit in the Certificate Account with respect to clauses (xiii) through (xxii) (and, with respect to clause (xxi)(B) below, to the extent of prepayment charges on deposit in the Certificate Account): (i) to the Class A Certificateholders, the Class A Interest Distribution Amount, with such amount allocated among the Class A Certificateholders on a pro rata basis; (ii) to the Class M-1 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-1 Interest Distribution Amount; (iii) to the Class M-2 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-2 Interest Distribution Amount; (iv) to the Class M-3 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-3 Interest Distribution Amount; (v) to the Class M-4 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-4 Interest Distribution Amount; (vi) [Reserved] (vii) [Reserved] (viii) to the Class A and Class M Certificateholders, from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Principal Distribution Amount (other than the amounts set forth in clauses (b)(iv), (b)(v), and (b)(vi) of the definition thereof), in the order of priority described in Section 4.02(d) hereof, until the Certificate Principal Balances of the Class A and Class M Certificates have been reduced to zero; (ix) to the Class A and Class M Certificateholders, from the amount, if any, of Excess Cash Flow, an amount equal to the principal portion of Realized Losses previously allocated to reduce the Certificate Principal Balance of any Class of the Class A and Class M Certificates and remaining unreimbursed, but only to the extent of Subsequent Recoveries for that Distribution Date, which amount shall be included in the Principal Distribution Amount and paid in accordance with Section 4.02(d) hereof, until the Certificate Principal Balances of the Class A and Class M Certificates have been reduced to zero; (x) to the Class A and Class M Certificateholders, from the amount, if any, of Excess Cash Flow remaining after the foregoing distributions, an amount equal to the principal portion of Realized Losses on the Mortgage Loans during the immediately preceding Prepayment Period, which amount shall be included in the Principal Distribution Amount and paid in accordance with Section 4.02(d) hereof, until the Certificate Principal Balances of the Class A and Class M Certificates have been reduced to zero; (xi) to the Class A and Class M Certificateholders, from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the Overcollateralization Increase Amount for such Distribution Date, which amount shall be included in the Principal Distribution Amount and paid in accordance with Section 4.02(d) hereof, until the Certificate Principal Balances of the Class A and Class M Certificates have been reduced to zero; (xii) to the Class A and Class M Certificateholders from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the amount of any Prepayment Interest Shortfalls allocated thereto for such Distribution Date, on a pro rata basis based on Prepayment Interest Shortfalls previously allocated thereto that remain unreimbursed, to the extent not covered by Eligible Master Servicing Compensation on such Distribution Date; (xiii) to the Class A and Class M Certificateholders from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the amount of any Prepayment Interest Shortfalls previously allocated thereto on any prior Distribution Date that remain unreimbursed, together with interest thereon at the applicable Pass-Through Rate, on a pro rata basis based on Prepayment Interest Shortfalls previously allocated thereto that remain unreimbursed; (xiv) from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, to pay the Class A Certificates, on a pro rata basis, based on the amount of Class A Net WAC Cap Shortfall Carry-Forward Amount previously allocated thereto that remain unreimbursed, the amount of any Class A Net WAC Cap Shortfall Carry-Forward Amounts remaining unpaid as of such Distribution Date and then to the Class M Certificates, in their order of payment priority, the amount of any Class M Net WAC Cap Shortfall Carry-Forward Amounts remaining unpaid as of such Distribution Date; (xv) to the Class A and Class M Certificates on a pro rata basis, based on the amount of Relief Act Shortfalls allocated thereto on such Distribution Date, from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the amount of any Relief Act Shortfalls allocated to those Certificates with respect to such Distribution Date; (xvi) to the Class A and Class M Certificateholders, from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the principal portion of any Realized Losses previously allocated to those Certificates and remaining unreimbursed, which amount shall be allocated first, to the Class A Certificateholders on a pro rata basis, based on their respective principal portion of any Realized Losses previously allocated thereto that remain unreimbursed, and then to the Class M Certificates, in their order of payment priority; (xvii) to pay to the holders of the Class M-4 Certificates, as payment of principal on the Class M-4 Certificates, 80% of the Excess Cash Flow remaining after the foregoing distributions, after application of the Class M-4 Principal Distribution Amount for that Distribution Date, until the Certificate Principal Balance of the Class M-4 Certificates has been reduced to zero; (xviii) to the Supplemental Interest Trust Account, any Excess Cash Flow remaining after the foregoing distributions for payment to the Swap Counterparty of any Swap Termination Payment owed by the Supplemental Interest Trust due to a Swap Counterparty Trigger Event; (xix) to the Class SB Certificates, (A) from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the sum of (i) Accrued Certificate Interest thereon, (ii) the amount of any Overcollateralization Reduction Amount for such Distribution Date and (iii) for any Distribution Date after the Certificate Principal Balance of each Class of Class A Certificates and Class M Certificates has been reduced to zero, the Overcollateralization Amount, and (B) from prepayment charges on deposit in the Certificate Account, any prepayment charges received on the Mortgage Loans during the related Prepayment Period; and (xx) to the Class R-II Certificateholders, the balance, if any, of the Excess Cash Flow. (d) On each Distribution Date, the Principal Distribution Amount will be paid as follows: (i) the Class A Principal Distribution Amount shall be distributed, sequentially, to the Class A-1, Class A-2 and Class A-3 Certificates, in that order, in each case until the Certificate Principal Balances thereof have been reduced to zero; provided that on or after the first Distribution Date on which the Certificate Principal Balances of the Class M Certificates have been reduced to zero, holders of the Class A-1 Certificates, Class A-2 Certificates and Class A-3 Certificates will receive such portion of the Class A Principal Distribution Amount, on a pro rata basis, until the Certificate Principal Balances thereof have been reduced to zero; (ii) the Class M-1 Principal Distribution Amount shall be distributed to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (iii) the Class M-2 Principal Distribution Amount shall be distributed to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (iv) the Class M-3 Principal Distribution Amount shall be distributed to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (v) the Class M-4 Principal Distribution Amount shall be distributed to the Class M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (vi) [Reserved] (vii) [Reserved] (e) Notwithstanding the foregoing clauses (c) and (d), upon the reduction of the Certificate Principal Balance of a Class of Class A and Class M Certificates to zero, such Class of Certificates will not be entitled to further distributions pursuant to Section 4.02 (other than in respect of Subsequent Recoveries). (f) [Reserved] (g) Any Prepayment Interest Shortfalls on the Mortgage Loans which are not covered by Eligible Master Servicing Compensation as described in Section 3.16 and Relief Act Shortfalls on the Mortgage Loans will be allocated among the Class A and Class M Certificates pro rata in accordance with the amount of Accrued Certificate Interest payable on such Distribution Date absent such shortfalls. Any such uncovered Prepayment Interest Shortfalls will be paid solely pursuant to Section 4.02(c)(xvi) and (xvii), Sections 4.09(c)(iii) and (iv) and Sections 4.10(c) (iii) and (iv) to the extent funds are available therefore. Any such Relief Act Shortfalls will be paid solely pursuant to Section 4.02(c)(xix) and Section 4.09(c)(vi) and Section 4.10(c)(vi) to the extent funds are available therefore. (h) To the extent on any Distribution Date for which Deferred Interest exists on such Distribution Date, the Deferred Interest Shortfall, if any, shall result in a reduction in Accrued Certificate Interest on the Class A Certificates and Class M Certificates, which reduction shall be allocated among the Class A Certificates and Class M Certificates on a pro rata basis, based on the amount of Accrued Certificate Interest on such Classes of Certificates. (i) 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) . (j) Each distribution with respect to a Book-Entry Certificate shall be paid to the Depository, as Holder thereof, and the Depository shall be responsible for crediting the amount of such distribution to the accounts of its Depository Participants in accordance with its normal procedures. Each Depository Participant shall be responsible for disbursing such distribution to the Certificate Owners that it represents and to each indirect participating brokerage firm (a "brokerage firm" or "indirect participating firm") for which it acts as agent. Each brokerage firm shall be responsible for disbursing funds to the Certificate Owners that it represents. None of the Trustee, the Certificate Registrar, the Depositor or the Master Servicer shall have any responsibility therefor except as otherwise provided by this Agreement or applicable law. (k) Except as otherwise provided in Section 9.01, if the Master Servicer anticipates that a final distribution with respect to any Class of Certificates will be made on the next Distribution Date, the Master Servicer shall, no later than the Determination Date in the month of such final distribution, notify the Trustee and the Trustee shall, no later than two (2) Business Days after such Determination Date, mail on such date to each Holder of such Class of Certificates a notice to the effect that: (i) the Trustee anticipates that the final distribution with respect to such Class of Certificates will be made on such Distribution Date but only upon presentation and surrender of such Certificates at the office of the Trustee or as otherwise specified therein, and (ii) no interest shall accrue on such Certificates from and after the end of the prior calendar month. In the event that Certificateholders required to surrender their Certificates pursuant to Section 9.01(c) do not surrender their Certificates for final c

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates, in respect of the Class R-I CertificatesInterest, as the case may be: (i) to the Holders of REMIC I Regular Interests (other than Interest I-LTAA, REMIC Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTZZ and REMIC I Regular Interest I-LTP), PRO RATA, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 LTZZ shall be reduced when the REMIC I Overcollateralized Overcollateralization Amount is less than the REMIC I Required Overcollateralized Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 LTZZ Uncertificated Interest Deferral Amount; andAmount and such amount will be payable to the Holders of REMIC I Regular Interest I- LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3 and REMIC I Regular Interest I-LTM4 in the same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Certificates; (ii) to Holders of REMIC I Regular Interest I-LT1A, REMIC I Regular Interest I-LT1B, REMIC I Regular Interest I-LT2A, REMIC I Regular Interest I-LT2B and REMIC I Regular Interest I-LTXX, pro rata, in an amount equal to (xA) on the first Uncertificated Interest for such Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance plus (B) any amounts in respect thereof and remaining unpaid from previous Distribution Dates (yiii) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the REMIC I Marker Allocation Percentage of the Available Distribution Amount Funds for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below):follows: (a) to the Holders of the REMIC I Regular Interest I-LT1LTAA, 98.00% of such remainder, until the Uncertificated Balance of such Uncertificated REMIC I Regular Interest is reduced to zero; (b) to the Holders of the REMIC I Regular Interest I-LT2LTA1, REMIC I Regular Interest I-LT3LTA2, REMIC I Regular Interest I-LT4 LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3 and REMIC I Regular Interest I-LT5LTM4, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Balances of such REMIC I Regular Interests are reduced to zero; (c) to the Holders of the REMIC I Regular Interest I-LT6LTZZ, 1.00% of such remainder; and, until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero; (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Prepayment Charge Schedule or any Distribution Date thereafterthereafter until $100 has been distributed pursuant to this clause; then (e) any remaining amount to the Holders of the Class R-I Interest, in respect of the Class R-I Interest; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a an Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT6LTZZ, respectively. (iv) to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the REMIC I Sub WAC Allocation Percentage of Available Funds for such Distribution Date after the distributions made pursuant to clause (i) above, such that distributions of principal shall be deemed to be made to the REMIC I Regular Interests first, so as to keep the Uncertificated Balance of each REMIC I Regular Interest ending with the designation "B" equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group; second, to each REMIC I Regular Interest ending with the designation "A," so that the Uncertificated Balance of each such REMIC I Regular Interest is equal to 0.01% of the excess of (x) the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group over (y) the current Certificate Principal Balance of the Class A Certificate in the related Loan Group (except that if any such excess is a larger number than in the preceding distribution period, the least amount of principal shall be distributed to such REMIC I Regular Interests such that the REMIC I Subordinated Balance Ratio is maintained); and third, any remaining principal to REMIC I Regular Interest I-LTXX.

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may beInterests: (i) to the Holders of REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP), in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 LT9 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 LT9 Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LTP, on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule and each Distribution Date thereafter until $100 has been distributed pursuant to this clause; (b) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of the amount remaining after application of clause (a), until the Uncertificated Balance of such remainderREMIC I Regular Interest is reduced to zero and any remaining amounts to the Holders of the Class R-I Certificates; (bc) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and LT4, REMIC I Regular Interest I-LT5, REMIC I Regular Interest I-LT6, REMIC I Regular Interest I-LT7 and REMIC I Regular Interest I-LT8, 1.00% of such remainderthe amount remaining after application of clause (a), in the same proportion as principal payments are allocated to the related Corresponding Certificates; (c) Certificate, until the Uncertificated Balances of such REMIC I Regular Interests are reduced to zero, and any remaining amounts to the Holders of the REMIC Class R-I Regular Interest I-LT6, 1.00% of such remainder; andCertificates; (d) to the Holders of the REMIC I Regular Interest I-LTPLT9, $100 on the Distribution Date immediately following the expiration 1.00% of the latest Prepayment Charge term as identified on amount remaining after application of clause (a), until the Mortgage Loan Schedule or Uncertificated Balance of such REMIC I Regular Interest is reduced to zero and any Distribution Date thereafterremaining amounts to the Holders of the Class R-I Certificates; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6LT9, respectively.

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be deemed distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may beInterests: (i) to the extent of the Available Distribution Amount, reduced by distributions made to the Class R-I Certificates pursuant to Section 4.02(c), to the Holders of the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP)Interests, pro rata, in an amount equal to (A) the related Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Accrued Interest in respect of REMIC I Regular Interest I-LT6 ZZ shall be reduced when the REMIC I Overcollateralized Overcollateralization Amount is less than the REMIC I Required Overcollateralized Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the REMIC I Regular Interest ZZ Maximum I-LT6 Uncertificated Interest Deferral Amount, and such amount will be payable to the Holders of REMIC I Regular Interest A-I-1, REMIC I Regular Interest A-I-2, REMIC I Regular Interest A-II-1, REMIC I Regular Interest A-II-2, REMIC I Regular Interest A-II-3, REMIC I Regular Interest M-1, REMIC I Regular Interest M-2, REMIC I Regular Interest M-3, REMIC I Regular Interest M-4, REMIC I Regular Interest M-5, REMIC I Regular Interest M-6, REMIC I Regular Interest M-7 and REMIC I Regular Interest M-8 in the same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Class for each such REMIC I Regular Interest, respectively, and the Uncertificated Principal Balance of REMIC I Regular Interest ZZ shall be increased by such amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, Interests in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below): ): (aA) 98.00% of such remainder to the Holders of the REMIC I Regular Interest I-LT1AA, 98.00until the Uncertificated Principal Balance of such REMIC I Regular Interest is reduced to zero; (B) 2.00% of such remainder; (b) , first, to the Holders of the REMIC I Regular Interest IInterests A-LT2I-1, REMIC I Regular Interest IA-▇-LT3▇, REMIC I Regular Interest I▇-LT4 and REMIC I Regular Interest I▇▇-LT5▇, ▇-▇▇-▇, ▇-▇▇-▇, M-1, M-2, ▇-▇, ▇-▇, ▇-▇, ▇-▇, ▇-▇ ▇▇d M-8 in an aggregate amount equal to 1.00% of such remainder, and in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) Class for each such REMIC I Regular Interest, respectively, until the Uncertificated Principal Balance of each such REMIC I Regular Interest is reduced to zero; and, second, to the Holders of the REMIC I Regular Interest I-LT6ZZ, 1.00% until the Uncertificated Principal Balance of such remainderREMIC I Regular Interest is reduced to zero; and and (dC) any remaining amounts to the Holders of the REMIC Class R-I Regular Interest I-LTPCertificates. (b) Notwithstanding the distributions described in this Section 4.02(a), $100 distribution of funds from the Certificate Account shall be made only in accordance with Section 4.02(c) and (d). (c) On each Distribution Date (x) the Master Servicer on behalf of the Trustee or (y) the Paying Agent appointed by the Trustee, shall distribute to each Certificateholder of record on the Distribution next preceding Record Date (other than as provided in Section 9.01 respecting the final distribution) either in immediately following available funds (by wire transfer or otherwise) to the expiration 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 with respect to each Class of Certificates, shall be based on the aggregate of the latest Prepayment Charge term as identified Percentage Interests represented by Certificates of the applicable Class held by such Holder of the following amounts, in the following order of priority, subject to the provisions of Section 4.02(d)), in each case to the extent of the Available Distribution Amount on deposit in the Certificate Account (or, with respect to clause (xxi) below, to the extent of prepayment charges on deposit in the Certificate Account): (i) to the Class A Certificateholders, the Class A Interest Distribution Amount, with such amount allocated among the Class A Certificateholders on a pro rata basis; (ii) to the Class M-1 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-1 Interest Distribution Amount; (iii) to the Class M-2 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-2 Interest Distribution Amount; (iv) to the Class M-3 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-3 Interest Distribution Amount; (v) to the Class M-4 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-4 Interest Distribution Amount; (vi) to the Class M-5 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-5 Interest Distribution Amount; (vii) to the Class M-6 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-6 Interest Distribution Amount; (viii) to the Class M-7 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-7 Interest Distribution Amount; (ix) to the Class M-8 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-8 Interest Distribution Amount; (x) to the Class A Certificateholders and Class M Certificateholders, the Principal Distribution Amount (other than clauses (iv), (v) and (vi) of the definition thereof), in the order described in Section 4.02(d) hereof, until the Certificate Principal Balances of the Class A Certificates and Class M Certificates have been reduced to zero; (xi) to the Class A Certificateholders and Class M Certificateholders, from the Excess Cash Flow, an amount equal to the principal portion of Realized Losses on the Mortgage Loan Schedule Loans during the immediately preceding Due Period, such amount to be paid, first, from the portion of Excess Cash Flow other than Subsequent Recoveries and, second, from Subsequent Recoveries, which amount shall be included in the Principal Distribution Amount and paid in accordance with Section 4.02(d) hereof, until the Certificate Principal Balances of the Class A Certificates and Class M Certificates have been reduced to zero; (xii) to the Class A Certificateholders and Class M Certificateholders, from the Available Distribution Amount remaining after the foregoing distributions, an amount equal to the principal portion of Realized Losses previously allocated to reduce the Certificate Principal Balance of any Class of the Class A Certificates or Class M Certificates and remaining unreimbursed, but only to the extent of Subsequent Recoveries for that Distribution Date remaining after the distributions described in clause (xi) above, which amount shall be included in the Principal Distribution Amount and paid in accordance with Section 4.02(d) hereof, until the Certificate Principal Balances of the Class A Certificates and Class M Certificates have been reduced to zero; (xiii) to the Class A Certificateholders and Class M Certificateholders, from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Overcollateralization Increase Amount for such Distribution Date, which amount shall be included in the Principal Distribution Amount and paid in accordance with Section 4.02(d) hereof, until the Certificate Principal Balances of such Class A Certificates and Class M Certificates have been reduced to zero; (xiv) to the Class A Certificateholders and Class M Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the amount of any Prepayment Interest Shortfalls allocated thereto with respect to the Loans, to the extent not covered by Eligible Master Servicing Compensation on such Distribution Date; (xv) to the Class A Certificateholders and Class M Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the amount of any Prepayment Interest Shortfalls allocated thereto remaining unpaid from prior Distribution Dates together with interest thereon; (xvi) to make payments, from amounts otherwise payable to the Class SB Certificates (but in no event more than the Accrued Certificate Interest on such Class), (i) first, to the Reserve Fund to pay to the Class A Certificates and Class M Certificates the amount of any Class A Basis Risk Shortfall Carry-Forward Amount or Class M Basis Risk Shortfall Carry-Forward Amount, as applicable, on such Classes of Certificates in the manner and order of priority set forth in Section 4.09(a) to the extent not covered by any Yield Maintenance Agreement Payments pursuant to Section 4.09(a), and (ii) second, to maintain a balance in the Reserve Fund equal to the Reserve Fund Deposit; (xvii) to the Class A Certificateholders and the Class M Certificateholders on a pro rata basis, based on the amount of Relief Act Shortfalls allocated thereto, from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the amount of any Relief Act Shortfalls allocated to those Certificates with respect to such Distribution Date; (xviii) to the Class A Certificateholders and the Class M Certificateholders, from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the principal portion of any Realized Losses previously allocated to those Certificates and remaining unreimbursed, which amount shall be allocated first, to the Class A Certificateholders on a pro rata basis, based on their respective principal portion of any Realized Losses previously allocated to those Certificates and remaining unreimbursed, and then sequentially, to the Class M-1, Cla▇▇ ▇-▇, ▇▇▇▇▇ M-3, Class M-4, Class M-5, Class M-6, Class M-7 and Class M-8 Certificateholders in that order; (xix) to the Class M-8 Certificates, the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, as principal, until the Certificate Principal Balance thereof has been reduced to zero; (xx) to the Class SB Certificates, from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the amount of any Overcollateralization Reduction Amount for such Distribution Date; (xxi) to the Class SB Certificates, the amount of any payments or collections consisting of prepayment charges received on the Mortgage Loans (which amounts shall not be included in the Available Distribution Amount) and, from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, for any Distribution Date thereafterafter the Certificate Principal Balance of each Class A Certificate and Class M Certificate has been reduced to zero, an amount up to the Overcollateralization Amount; and (xxii) to the Class R-II Certificateholders, the balance, if any, of the Available Distribution Amount. (d) On each Distribution Date, the Principal Distribution Amount will be paid as follows: (i) the Class A Principal Distribution Amount shall be distributed as follows: (A) first, concurrently, (1) the Class A-I Principal Distribution Amount will be distributed to the Class A-I-1 Certificates and Class A-I-2 Certificates, on a pro rata basis, until the Certificate Principal Balances thereof have been reduced to zero; provided, however, that 98.00% if a Sequential Trigger Event is in effect, the Class A-I Principal Distribution Amount will be distributed sequentially to the Class A-I-1 Certificates and 2.00% Class A-I-2 Certificates, in that order, in each case until the Certificate Principal Balance thereof has been reduced to zero, and (2) the Class A-II Principal Distribution Amount will be distributed, sequentially, to the Class A-II-1, Class A-II-2 and Class A-II-3 Certificates, in that order, in each case until the Certificate Principal Balance thereof has been reduced to zero; and (B) second, any remaining Class A-I Principal Distribution Amount will be distributed to the remaining Classes of the Class A-II Certificates, sequentially, to the Class A-II-1, Class A-II-2 and Class A-II-3 Certificates, in that order, in each case until the Certificate Principal Balance thereof has been reduced to zero, and any principal payments remaining Class A-II Principal Distribution Amount will be distributed to the Class A-I-1 Certificates and Class A-I-2 Certificates, on a pro rata basis, until the Certificate Principal Balances thereof have been reduced to zero; provided, however, that are attributable if a Sequential Trigger Event is in effect, any remaining Class A-II Principal Distribution Amount will be distributed sequentially to a Overcollateralization Reduction the Class A-I-1 Certificates and Class A-I-2 Certificates, in that order, in each case until the Certificate Principal Balance thereof has been reduced to zero; (ii) the Class M-1 Principal Distribution Amount shall be allocated distributed to Holders the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (iii) the Class M-2 Principal Distribution Amount shall be distributed to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (iv) the Class M-3 Principal Distribution Amount shall be distributed to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (v) the Class M-4 Principal Distribution Amount shall be distributed to the Class M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (vi) the Class M-5 Principal Distribution Amount shall be distributed to the Class M-5 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (vii) the Class M-6 Principal Distribution Amount shall be distributed to the Class M-6 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (viii) the Class M-7 Principal Distribution Amount shall be distributed to the Class M-7 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; and (ix) the Class M-8 Principal Distribution Amount shall be distributed to the Class M-8 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. (e) Notwithstanding the foregoing clause (c), upon the reduction of the REMIC I Regular Certificate Principal Balance of a Class of Class A Certificates or Class M Certificates to zero, such Class of Certificates will not be entitled to further distributions pursuant to Section 4.02 (other than in respect of Subsequent Recoveries), including, without limitation, the payment of current and unreimbursed Prepayment Interest IShortfalls pursuant to clauses (c)(xiv) and (xv) and the Class A Basis Risk Shortfall Carry-LT1 Forward Amount and REMIC I Regular Class M Basis Risk Shortfall Carry-Forward Amount pursuant to clause (c)(xvi). (f) Any Prepayment Interest I-LT6Shortfalls on the Mortgage Loans which are not covered by Eligible Master Servicing Compensation as described in Section 3.16 and Relief Act Shortfalls on the Mortgage Loans will be allocated among the Class A Certificates and Class M Certificates pro rata in accordance with the amount of Accrued Certificate Interest payable from the related Loan Group on such Distribution Date absent such shortfalls. Any such uncovered Prepayment Interest Shortfalls will be paid solely pursuant to Section 4.02(c)(xiv) and (xv) to the extent funds are available therefor. Any such Relief Act Shortfalls will be paid solely pursuant to Section 4.02(c)(xvii), respectivelyto the extent funds are available therefor. (g) In addition to the foregoing distributions, with respect to any Subsequent Recoveries, the

Distributions. (a) On each Distribution Date, the Trustee (1)(Aor the Paying Agent on behalf of the Trustee) shall allocate and distribute the Available Distribution Amount, if any, for such date to the interests issued in respect of REMIC I and REMIC II, as specified in this Section. (1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Group I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may beInterests: (i) to the extent of the Group I Available Distribution Amount to the Holders of each REMIC I Regular Interests (other than REMIC Group I Regular Interest I-LTP)Interest, pro rata, in an amount equal to (A) the Uncertificated Accrued Interest for such REMIC I Group I Regular Interests for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Accrued Interest in respect of REMIC I Group I Regular Interest I-LT6 ZZ shall be reduced when the sum of (i) the REMIC I Group I Overcollateralized Amount and (ii) the REMIC I Group II Overcollateralized Amount is less than the REMIC I Group I Required Overcollateralized Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the Maximum REMIC I Regular Interest I-LT6 Uncertificated ZZ Maximum Interest Deferral Amount, and such amount will be payable to the Holders of REMIC I Regular Interests I-A-I-1, I-A-I-2, I-A-I-3, and I-A-I-4 in the same proportion as the Overcollateralization Increase Amount is allocated to the corresponding Class of Certificates, and the Uncertificated Principal Balance of the REMIC I Regular Interest I-ZZ shall be increased by such amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Group I Regular Interests, in an amount equal to the remainder of the Group I Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below): ): (aA) to the Holders of the REMIC I Regular Interest I-LT1AA, 98.00% of such remainder until the Uncertificated Principal Balance of such REMIC I Regular Interest is reduced to zero; (B) 2.00% of such remainder; (b) , first to the Holders of REMIC I Regular Interests I-A-I-1, I-A-I-2, I-A-I-3, and I-A-I-4, in an aggregate amount equal to 1.00% of and in the same proportion as principal payments are allocated to the corresponding Class of Certificates for each such REMIC I Group I Regular Interest, respectively, until the Uncertificated Principal Balance of each such REMIC I Group I Regular Interest is reduced to zero; and, second, to the Holders of the REMIC I Regular Interest I-LT2ZZ, until the Uncertificated Principal Balance of such REMIC I Regular Interest Iis reduced to zero; and (C) any remaining amounts to the Holders of the Class R-LT3I Certificates. (2) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Group II Regular Interests: (i) to the extent of the Group II Available Distribution Amount, to the Holders of each REMIC I Group II Regular Interest, pro rata, in an amount equal to (A) Uncertificated Accrued Interest for such REMIC I Group II Regular Interests for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. Amounts payable as Uncertificated Accrued Interest in respect of REMIC I Group II Regular Interest II-ZZ shall be reduced when the sum of (i) the REMIC I Group II Overcollateralized Amount and (ii) the REMIC II Group II Overcollateralized Amount is less than the REMIC I Group II Required Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the REMIC I Regular Interest III-LT4 ZZ Maximum Interest Deferral Amount, and such amount will be payable to the Holders of REMIC I Regular Interests II-A-II in the same proportion as the Overcollateralization Increase Amount is allocated to the corresponding Class of Certificates, and the Uncertificated Principal Balance of the REMIC I Regular Interest III-LT5ZZ shall be increased by such amount; and (ii) on each Distribution Date, 1.00to the Holders of REMIC I Group II Regular Interests, in an amount equal to the remainder of the Group II Available Distribution Amount after the distributions made pursuant to clause (i) above, allocated as follows (except as provided below): (A) to the Holders of the REMIC I Regular Interest II-AA, 98.00% of such remainder until the Uncertificated Principal Balance of such REMIC I Regular Interest is reduced to zero; (B) 2.00% of such remainder, first to the Holders of REMIC I Regular Interests II-A-II, in an aggregate amount equal to 1.00% of and in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) corresponding Class of Certificates for each such REMIC I Group II Regular Interest, respectively, until the Uncertificated Principal Balance of each such REMIC I Group II Regular Interest is reduced to zero; and, second, to the Holders of the REMIC I Regular Interest III-LT6ZZ, 1.00% until the Uncertificated Principal Balance of such remainderREMIC I Regular Interest is reduced to zero; and and (dC) any remaining amounts to the Holders of the REMIC I Regular Interest IClass R-LTPII Certificates. (3) Notwithstanding the distributions described in this Section 4.02(b), $100 distribution of funds from the Certificate Account shall be made only in accordance with Section 4.02(c). (c) On each Distribution Date (x) the Master Servicer on behalf of the Trustee or (y) the Paying Agent appointed by the Trustee, shall distribute to each Certificateholder of record on the Distribution next preceding Record Date (other than as provided in Section 9.01 respecting the final distribution) either in immediately following available funds (by wire transfer or otherwise) to the expiration 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 with respect to each Class of Certificates, shall be based on the aggregate of the latest Prepayment Charge term as identified Percentage Interests represented by Certificates of the applicable Class held by such Holder of the following amounts, in the following order of priority, subject to the provisions of Section 4.02(d)), to the extent of the Available Distribution Amount on deposit in the Certificate Account with respect to clauses (i) and (ii), and to the extent of the sum of the remaining Available Distribution Amount and the Yield Maintenance Payments on deposit in the Certificate Account with respect to clauses (iii) through (xiii) (and, with respect to clause (xii)(B) below, to the extent of prepayment charges on deposit in the Certificate Account): (i) to the Class A Certificateholders, the Interest Distribution Amount, with such amount allocated among the Class A Certificateholders pursuant to the Class A Interest Distribution Priority; (ii) to the Class A Certificateholders, from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Principal Distribution Amount (other than the amounts set forth in clauses (b)(iv), (b)(v), and (b)(vi) of the definition thereof), in the order of priority described in Section 4.02(d) hereof, until the Certificate Principal Balances of the Class A Certificates have been reduced to zero; (iii) to the Class A Certificateholders, from the amount, if any, of Excess Cash Flow, an amount equal to the principal portion of Realized Losses previously allocated to reduce the Certificate Principal Balance of any Class of the Class A Certificates and remaining unreimbursed, but only to the extent of Subsequent Recoveries on the related Mortgage Loans for that Distribution Date, which amount shall be included in the Principal Distribution Amount and paid in accordance with Section 4.02(d) hereof, until the Certificate Principal Balances of the Class A Certificates have been reduced to zero; (iv) to the Class A Certificateholders, from the amount, if any, of Excess Cash Flow remaining after the foregoing distributions, an amount equal to the principal portion of Realized Losses on the Mortgage Loan Schedule or Loans during the immediately preceding Prepayment Period, which amount shall be included in the Principal Distribution Amount and paid in accordance with Section 4.02(d) hereof, until the Certificate Principal Balances of the Class A Certificates have been reduced to zero; (v) to the Insurer, from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, an amount equal to the Cumulative Insurance Payments; (vi) to the Class A Certificateholders, from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the Overcollateralization Increase Amount for such Distribution Date, which amount shall be included in the Principal Distribution Amount and paid in accordance with Section 4.02(d) hereof, until the Certificate Principal Balances of the Class A Certificates have been reduced to zero; (vii) to the Class A Certificateholders from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the amount of any Prepayment Interest Shortfalls allocated thereto for such Distribution Date, on a pro rata basis based on Prepayment Interest Shortfalls previously allocated thereto that remain unreimbursed, to the extent not covered by Eligible Master Servicing Compensation on such Distribution Date; (viii) to the Class A Certificateholders from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the amount of any Prepayment Interest Shortfalls previously allocated thereto on any prior Distribution Date that remain unreimbursed, together with interest thereon at the applicable Pass-Through Rate, on a pro rata basis based on Prepayment Interest Shortfalls previously allocated thereto that remain unreimbursed; (ix) from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, to pay the Class A Certificates, on a pro rata basis, based on the amount of the Group I Basis Risk Shortfall Carry-Forward Amount and Group II Basis Risk Shortfall Carry-Forward Amount, as applicable, previously allocated thereto that remain unreimbursed, the amount of any Group I Basis Risk Shortfall Carry-Forward Amount and Group II Basis Risk Shortfall Carry-Forward Amount remaining unpaid as of such Distribution Date; (x) to the Class A Certificates on a pro rata basis, based on the amount of Relief Act Shortfalls allocated thereto on such Distribution Date, from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the amount of any Relief Act Shortfalls allocated to those Certificates with respect to such Distribution Date; (xi) to the Class A Certificateholders, from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the principal portion of any Realized Losses previously allocated to those Certificates and remaining unreimbursed, which amount shall be allocated, to the Class A Certificateholders on a pro rata basis, based on their respective principal portion of any Realized Losses previously allocated thereto that remain unreimbursed; (xii) to the Class SB Certificates, (A) from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the sum of (I) Accrued Certificate Interest thereon, (II) the amount of any Overcollateralization Reduction Amount for such Distribution Date and (III) for any Distribution Date thereafterafter the Certificate Principal Balance of each Class of Class A Certificates has been reduced to zero, the Overcollateralization Amount, and (B) from prepayment charges on deposit in the Certificate Account, any prepayment charges received on the Mortgage Loans during the related Prepayment Period; providedand (xiii) to the Class R-II Certificateholders, howeverthe balance, that 98.00% and 2.00% if any, of any principal payments that are attributable to a Overcollateralization Reduction the Excess Cash Flow. (d) On each Distribution Date, the Principal Distribution Amount will be distributed as follows: (i) the Group I Principal Distribution Amount shall be allocated distributed as follows: (1) first, to Holders the Class A-I-1, Class A-I-2, Class A-I-3 and Class A-I-4 Certificates, in that order, in each case until the Certificate Principal Balance thereof has been reduced to zero; and (2) second, to the Class A-II Certificates, until the Certificate Principal Balance thereof has been reduced to zero; and (ii) the Group II Principal Distribution Amount shall be distributed as follows: (1) first, to the Class A-II Certificates, until the Certificate Principal Balance thereof has been reduced to zero; and (2) second, to the Class A-I-1, Class A-I-2, Class A-I-3 and Class A-I-4 Certificates, in that order, in each case until the Certificate Principal Balance thereof has been reduced to zero. (e) Notwithstanding the foregoing clauses (c) and (d), upon the reduction of the REMIC I Regular Certificate Principal Balance of a Class of Class A Certificates to zero, such Class of Certificates will not be entitled to further distributions pursuant to Section 4.02 (other than in respect of Subsequent Recoveries on the related Mortgage Loans). (f) Notwithstanding the foregoing, on any Distribution Date, the amounts allocated from Excess Cash Flow pursuant to clauses (c)(iii) through (c)(vi) of this Section 4.02 on such Distribution Date shall be paid first from the Available Distribution Amount for such Distribution Date and second from any Yield Maintenance Payment for such Distribution Date. (g) Any Prepayment Interest IShortfalls on the Mortgage Loans which are not covered by Eligible Master Servicing Compensation as described in Section 3.16 and Relief Act Shortfalls on the Mortgage Loans will be allocated among the Class A Certificates pro rata in accordance with the amount of Accrued Certificate Interest payable on such Distribution Date absent such shortfalls. Any such uncovered Prepayment Interest Shortfalls will be paid solely pursuant to Section 4.02(c)(vii) and (viii) to the extent funds are available therefor. Any such Relief Act Shortfalls will be paid solely pursuant to Section 4.02(c)(x) to the extent funds are available therefor. (h) 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). (i) Each distribution with respect to a Book-LT1 Entry Certificate shall be paid to the Depository, as Holder thereof, and REMIC I Regular Interest I-LT6the Depository shall be responsible for crediting the amount of such distribution to the accounts of its Depository Participants in accordance with its normal procedures. Each Depository Participant shall be responsible for disbursing such distribution to the Certificate Owners that it represents and to each indirect participating brokerage firm (a "brokerage firm" or "indirect participating firm") for which it acts as agent. Each brokerage firm shall be responsible for disbursing funds to the Certificate Owners that it represents. None of the Trustee, respectivelythe Certificate Registrar, the Depositor, the Insurer or the Master Servicer shall have any responsibility therefor except as otherwise provided by this Agreement or applicable law. (j) Except as otherwise provided in Section 9.01, if the Master Servicer anticipates that a final distribution with respect to any Class of Certificates will be made on the next Distribution Date, the Master Servicer shall, no later than the Determination Date in the month of such final distribution, notify the Trustee and the Trustee shall, no later than two (2) Business Days after such Determination Date, mail on such date to each Holder of such Class of Certificates a notice to the effect that: (i) the Trustee anticipates that the final distribution with respect to such Class of Certificates will be made on such Distribution Date but only upon presentation and surrender of such Certificates at the office of the Trustee or as otherwise specified therein, and (ii) no interest shall accrue on such Certificates from and after the end of the prior calendar month. In the event that Certificateholders required to surrender their Certificates pursuant to

Distributions. 77 (a) On each Distribution Date, the Trustee (1)(Aor the Paying Agent on behalf of the Trustee) shall allocate and distribute the Principal Distribution Amount to the extent on deposit in the Certificate Account for such date to the interests issued in respect of REMIC I, REMIC II and REMIC III as specified in this Section. (1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may beInterests: (i) to the extent of the Available Distribution Amounts, first, to the Holders of REMIC I Regular Interests (other than REMIC I Regular Interest ILT-LTP)A-2 through LT-A-30, in an amount equal to to (A) the Uncertificated Accrued Interest for such Distribution Date, plus plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates and second, to Holders of REMIC I Regular Interest LT-A-1 in an amount equal to (A) the Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses clause (i) above, allocated in the following order of priority: (A) to the Holders of REMIC I Regular Interest LT-A-1, until the Uncertificated Principal Balance of REMIC I Regular Interest LT-A-1 is reduced to zero; (B) to the Holders of REMIC I Regular Interests LT-A-2 through LT-A- 30, sequenti▇▇▇▇, ▇ntil the Uncertificated Principal Balance of each such REMIC I Regular Interest is reduced to zero; and (C) any remaining amount to the Holders of the Class R-I Certificates. (2) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC II to REMIC III on account of the REMIC II Regular Interests: (i) to the extent of the Available Distribution Amount, first, to the Holders of REMIC II Regular Interest MT-AIO, in an amount equal to (A) the related Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates, and second, to the Holders of REMIC II Regular Interest MT-AA, REMIC II Regular Interest MT-A-1 and REMIC II Regular Interest MT-ZZ, pro rata, in an amount equal to (A) the related Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. Amounts payable as Uncertificated Accrued Interest in respect of REMIC II Regular Interest MT-ZZ shall be reduced when the REMIC II Overcollateralization Amount is less than the REMIC II Required Overcollateralization Amount, by the lesser of (x) the amount of such difference and (ii)(xy) the REMIC II Regular Interest MT-ZZ Maximum Interest Deferral Amount, and such amount will be payable to the Holders of REMIC II Regular Interest MT-A-1 in the same proportion as the Overcollateralization Increase Amount is allocated to the Class A-1 Certificates; and (ii) on each Distribution Date, to the Holders of REMIC II Regular Interests (other than REMIC II Regular Interest MT-AIO) in an amount equal to the remainder of the Available Distribution Amount after the distributions made pursuant to clause (i) above, allocated as follows (except as provided below): ): (aA) to the Holders of the REMIC I II Regular Interest IMT-LT1AA, 98.00% of such remainder; remainder until the Uncertificated Principal Balance of such REMIC II Regular Interest is reduced to zero; (bB) to the Holders of the REMIC I II Regular Interest IMT-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5A-1, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates; Class A-1 Certificates until the Uncertificated Principal Balance of such REMIC II Regular Interest is reduced to zero; (cC) to the Holders of the REMIC I II Regular Interest IMT-LT6ZZ, 1.00% of such remainderremainder until the Uncertificated Principal Balance of such REMIC II Regular Interest is reduced to zero; and and (dD) any remaining amounts to the Holders of the REMIC I Regular Interest IClass R-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafterII Certificates; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I II Regular Interest IMT-LT1 AA and REMIC I II Regular Interest IMT-LT6ZZ, respectively. (3) Notwithstanding the distributions on the REMIC Regular Interests described in this Section 4.02(b), distribution of funds from the Certificate Account shall be made only in accordance with Section 4.02(c). (c) On each Distribution Date (x) the Master Servicer on behalf of the Trustee or (y) the Paying Agent appointed by the Trustee, shall distribute to each Certificateholder of record on the next preceding Record Date (other than as provided in Section 9.01 respecting the final distribution) either in immediately available funds (by wire transfer or otherwise) to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor, if such Certificateholder has so notified the Master Servicer or the Paying Agent, as the case may be, or, if such Certificateholder has not so notified the Master Servicer or the Paying Agent by the Record Date, by check mailed to such Certificateholder at the address of such Holder appearing in the Certificate Register such Certificateholder's share (which share with respect to each Class of Certificates, shall be based on the aggregate of the Percentage Interests represented by Certificates of the applicable Class held by such Holder of the following amounts, in the following order of priority, subject to the provisions of Section 4.02(d) and (f)), in each case to the extent of the Available Distribution Amount on deposit in the Certificate Account (or, with respect to clause (xi) below, to the extent of prepayment charges on deposit in the Certificate Account): (i) to the Class A Certificateholders, Accrued Certificate Interest payable on such Certificates with respect to such Distribution Date, plus any Accrued Certificate Interest remaining unpaid from any prior Distribution Date, less any Prepayment Interest Shortfalls on the Mortgage Loans, to the extent not covered by Compensating Interest pursuant to Section 3.16, allocated to the Class A Certificateholders as described in Section 4.02(g) (the "Interest Distribution Amount"), with such amount allocated among the Class A Certificateholders on a pro rata basis; (ii) to the Class A-1 Certificateholders, the Principal Distribution Amount (other than clauses (iv) and (v) of the definition thereof), until the Certificate Principal Balance of the Class A-1 Certificates has been reduced to zero; (iii) to the Class A-1 Certificateholders, from the Excess Cash Flow, an amount equal to the Realized Losses (other than Excess Losses) on the Mortgage Loans during the immediately preceding Due Period, which amount shall be included in the Principal Distribution Amount, until the Certificate Principal Balance of the Class A-1 Certificates has been reduced to zero; (iv) to the Insurer, from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, in respect of any Cumulative Insurance Payments; (v) to the Class A-1 Certificateholders, any Overcollateralization Increase Amount, to the extent of the excess, if any, of the Certificate Principal Balance of the Class A-1 Certificates over the aggregate Stated Principal Balance of the Mortgage Loans; (vi) after the June 2003 Distribution Date, to the Class A-1 Certificateholders, from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Overcollateralization Increase Amount for such Distribution Date, which amount shall be included in the Principal Distribution Amount, until the Certificate Principal Balance of the Class A-1 Certificates has been reduced to zero; (vii) to the Class A-1 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the amount of any Prepayment Interest Shortfalls allocated thereto with respect to the Mortgage Loans, to the extent not covered by Compensating Interest on such Distribution Date; (viii) to the Class A-1 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the amount of any Prepayment Interest Shortfalls allocated thereto remaining unpaid from prior Distribution Dates together with interest thereon at the related Pass-Through Rate; (ix) to the Class SB Certificateholders, from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the amount of any Overcollateralization Reduction Amount for such Distribution Date to the extent of any Diverted Excess Spread; (x) to the Class SB Certificates, from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the sum of (A) Accrued Certificate Interest thereon and (B) the amount of any Overcollateralization Reduction Amount for such Distribution Date; (xi) to the Class SB Certificates, the amount of any payments or collections consisting of prepayment charges received on the Mortgage Loans (which amounts shall not be included in the Available Distribution Amount) and for any Distribution Date after the Certificate Principal Balance of the Class A-1 Certificate has been reduced to zero, the Overcollateralization Amount; and (xii) to the Class R-III Certificateholders, the balance, if any, of the Available Distribution Amount. (d) On each Distribution Date, the Principal Distribution Amount will be paid to the Class A-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. (e) Within five Business Days before the related Distribution Date, the Master Servicer shall notify the Trustee of the amounts, if any, payable to the Insurer pursuant to Section 4.02(c)(iv). (f) Notwithstanding the foregoing clause (c), upon the reduction of the Certificate Principal Balance of the Class A-1 Certificates to zero, such Class of Certificates will not be entitled to further distributions pursuant to Section 4.02, including, without limitation, the payment of current and unreimbursed Prepayment Interest Shortfalls pursuant to clauses (c)(vii) and (c)(viii). (g) Any Prepayment Interest Shortfalls which are not covered by Compensating Interest as described in Section 3.16 will be allocated among the Class A Certificates pro rata in accordance with the amount of Accrued Certificate Interest that would have accrued on that Certificate absent these shortfalls. Any such uncovered Prepayment Interest Shortfalls will be paid solely pursuant to Section 4.02(c)(vii) and (viii), to the extent funds are available therefor. (h) In addition to the foregoing distributions, with respect to any Mortgage Loan that was previously the subject of a Cash Liquidation or an REO Disposition that resulted in a Realized Loss, in the event that within two years of the date on which such Realized Loss was determined to have occurred the Master Servicer receives amounts which the Master Servicer reasonably believes to represent subsequent recoveries (net of any related liquidation expenses), or determines that it holds surplus amounts previously reserved to cover estimated expenses specifically related to such Mortgage Loan (including, but not limited to, recoveries (net of any related liquidation expenses) in respect of the representations and warranties made by the related Seller pursuant to the applicable Seller's Agreement), the Master Servicer shall distribute such amounts to the Class or Classes to which such Realized Loss was allocated (with the amounts to be distributed allocated among such Classes), and within each such Class to the Certificateholders of record as of the Record Date immediately preceding the date of such distribution (or if such Class of Certificates is no longer outstanding, to the Certificateholders of record at the time that such Realized Loss was allocated); provided that no such distribution to any Class of Certificates of subsequent recoveries related to a Mortgage Loan shall exceed, either individually or in the aggregate and together with any other amounts paid in reimbursement therefor, the amount of the related Realized Loss that was allocated to such Class of Certificates. For the purposes of this Section 4.02(h) any allocation of a Realized Loss to Excess Cash Flow will be treated as an allocation of a Realized Loss to the Class A Certificates. Notwithstanding the foregoing, to the extent that the Master Servicer receives recoveries with respect to Realized Losses which were allocated to the related Class A Certificates and which were paid by the Insurer pursuant to the Policy and not previously reimbursed pursuant to Section 4.02(c)(iv), such recoveries shall be paid directly to the Insurer and applied to reduce the Cumulative Insurance Payments then due to the Insurer prior to any payment of such amounts to any current Certificateholder or any previous Certificateholder. Any amounts to be so distributed shall not be remitted to or distributed from the Trust Fund, and shall constitute subsequent recoveries with respect to Mortgage Loans that are no longer assets of the Trust Fund. (i) Each distribution with respect to a Book-Entry Certificate shall be paid to the Depository, as Holder thereof, and the Depository shall be responsible for crediting the amount of such distribution to the accounts of its Depository Participants in accordance with its normal procedures. Each Depository Participant shall be responsible for disbursing such distribution to the Certificate Owners that it represents and to each indirect participating brokerage firm (a "brokerage firm" or "indirect participating firm") for which it acts as agent. Each brokerage firm shall be responsible for disbursing funds to the Certificate Owners that it represents. None of the Trustee, the Certificate Registrar, the Depositor or the Master Servicer shall have any responsibility therefor except as otherwise provided by this Agreement or applicable law. (j) Except as otherwise provided in Section 9.01, if the Master Servicer anticipates that a final distribution with respect to any Class of Certificates will be made on the next Distribution Date, the Master Servicer shall, no later than the Determination Date in the month of such final distribution, notify the Trustee and the Trustee shall, no later than two (2) Business Days after such Determination Date, mail on such date to each Holder of such Class of Certificates a notice to the effect that: (i) the Trustee anticipates that the final distribution with respect to such Class of Certificates will be made on such Distribution Date but only upon presentation and surrender of such Certificates at the office of the Trustee or as otherwise specified therein, and (ii) no interest shall accrue on such Certificates from and after the end of the prior calendar month. In the event that Certificateholders required to surrender their Certificates pursuant to Section 9.01(c) do not surrender their Certificates for final cancellation, the Trustee shall cause funds distributable with respect to such Certificates to be withdrawn from the Certificate Account and credited to a separate escrow account for the benefit of such Certificateholders as provided in Section 9.01(d).

Distributions. (a) (1)(A1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-I CertificatesInterest), as the case may be: (i) (a) to the Holders of REMIC I Regular Interests (other than Interest I-LTAA, REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTA3, REMIC I Regular Interest I-LTA4, REMIC I Regular Interest I-LTA5, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9, REMIC I Regular Interest I-LTM10, REMIC I Regular Interest I-LTM11, REMIC I Regular Interest I-LTZZ and REMIC I Regular Interest I-LTP), pro rata, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 LTZZ shall be reduced and deferred when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 LTZZ Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof Amount and (y) on each Distribution Date, such amount will be payable to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of such remainder; (b) to the Holders of the REMIC I Regular Interest I-LT2LTA1, REMIC I Regular Interest I-LT3LTA2, REMIC I Regular Interest I-LT4 LTA3, REMIC I Regular Interest I-LTA4, REMIC I Regular Interest I-LTA5, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9, REMIC I Regular Interest I-LTM10 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, LTM11 in the same proportion as principal payments are the Overcollateralization Deficiency Amount is allocated to the Corresponding Certificates; (c) to Certificates and the Holders Uncertificated Balance of the REMIC I Regular Interest I-LT6, 1.00% of LTZZ shall be increased by such remainderamount; and (db) to the Holders of the REMIC I Regular Interest I-LTPLT1SUB, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 LT1GRP, REMIC I Regular Interest I-LT2SUB, REMIC I Regular Interest I-LT2GRP and REMIC I Regular Interest I-LT6LTXX, respectively.pro rata, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates;

Distributions. (a) On each Distribution Date, the Trustee (1)(Aor the Paying Agent on behalf of the Trustee) shall allocate and distribute the Available Distribution Amount, if any, for such date to the interests issued in respect of REMIC I and REMIC II as specified in this Section. (1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may beInterests: (i) to the extent of the Available Distribution Amount, to the Holders of the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP)Interests, pro rata, in an amount equal to (A) the related Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Accrued Interest in respect of REMIC I Regular Interest I-LT6 ZZ shall be reduced when the REMIC I Overcollateralized Overcollateralization Amount is less than the REMIC I Required Overcollateralized Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the REMIC I Regular Interest ZZ Maximum I-LT6 Uncertificated Interest Deferral Amount, and such amount will be payable to the Holders of REMIC I Regular Interests A-1, A-2, A-3, M-1, ▇-▇, ▇-▇, ▇-▇, ▇-▇, ▇-▇, ▇-▇, ▇-▇, M-▇ ▇▇▇ ▇-▇ ▇▇ ▇▇▇ ▇▇▇▇ proportion as the Overcollateralization Increase Amount is allocated to the corresponding Class of Certificates, and the Uncertificated Principal Balance of the REMIC I Regular Interest ZZ shall be increased by such amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below): ): (aA) to the Holders of the REMIC I Regular Interest I-LT1AA, 98.00% of such remainder; remainder until the Uncertificated Principal Balance of such REMIC I Regular Interest is reduced to zero; (bB) to the Holders of REMIC I Regular Interests A-1, A-2, A-3, M-1, ▇-▇, ▇-▇, ▇-▇, ▇-▇, ▇-▇, ▇-▇, ▇-▇, M-▇ ▇▇▇ ▇-▇, ▇.▇▇% ▇▇ ▇▇ch remainder in the same proportion as amounts are distributed in respect of principal on the corresponding Class of Certificates; (C) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) to the Holders of the REMIC I Regular Interest I-LT6ZZ, 1.00% of such remainder; and and (dD) any remaining amounts to the Holders of the REMIC Class R-I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafterCertificates; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a an Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 AA and REMIC I Regular Interest I-LT6ZZ, respectively; (2) Notwithstanding the distributions described in this Section 4.02(b), distribution of funds from the Certificate Account shall be made only in accordance with Section 4.02(c). (c) On each Distribution Date (x) the Master Servicer on behalf of the Trustee or (y) the Paying Agent appointed by the Trustee, shall distribute to each Certificateholder of record on the next preceding Record Date (other than as provided in Section 9.01 respecting the final distribution) either in immediately available funds (by wire transfer or otherwise) to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor, if such Certificateholder has so notified the Master Servicer or the Paying Agent, as the case may be, or, if such Certificateholder has not so notified the Master Servicer or the Paying Agent by the Record Date, by check mailed to such Certificateholder at the address of such Holder appearing in the Certificate Register such Certificateholder's share (which share with respect to each Class of Certificates, shall be based on the aggregate of the Percentage Interests represented by Certificates of the applicable Class held by such Holder of the following amounts, in the following order of priority, subject to the provisions of Section 4.02(d)), to the extent of the Available Distribution Amount on deposit in the Certificate Account with respect to clauses (i) through (xi), and to the extent of the sum of the remaining Available Distribution Amount and the Yield Maintenance Payments on deposit in the Certificate Account with respect to clauses (xii) through (xxi) (and, with respect to clause (xxi)(B) below, to the extent of prepayment charges on deposit in the Certificate Account): (i) to the Class A Certificateholders, the Class A Interest Distribution Amount, with such amount allocated among the Class A Certificateholders on a pro rata basis; (ii) to the Class M-1 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-1 Interest Distribution Amount; (iii) to the Class M-2 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-2 Interest Distribution Amount; (iv) to the Class M-3 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-3 Interest Distribution Amount; (v) to the Class M-4 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-4 Interest Distribution Amount; (vi) to the Class M-5 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-5 Interest Distribution Amount; (vii) to the Class M-6 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-6 Interest Distribution Amount; (viii) to the Class M-7 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-7 Interest Distribution Amount; (ix) to the Class M-8 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-8 Interest Distribution Amount; (x) to the Class M-9 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-9 Interest Distribution Amount; (xi) to the Class B-1 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class B-1 Interest Distribution Amount; (xii) to the Class A, Class M and Class B-1 Certificateholders, from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Principal Distribution Amount (other than the amounts set forth in clauses (b)(iv), (b)(v), and (b)(vi) of the definition thereof), in the order of priority described in Section 4.02(d) hereof, until the Certificate Principal Balances of the Class A, Class M and Class B-1 Certificates have been reduced to zero; (xiii) to the Class A, Class M and Class B-1 Certificateholders, from the amount, if any, of Excess Cash Flow, an amount equal to the principal portion of Realized Losses previously allocated to reduce the Certificate Principal Balance of any Class of the Class A, Class M and Class B-1 Certificates and remaining unreimbursed, but only to the extent of Subsequent Recoveries for that Distribution Date, which amount shall be included in the Principal Distribution Amount and paid in accordance with Section 4.02(d) hereof, until the Certificate Principal Balances of the Class A, Class M and Class B-1 Certificates have been reduced to zero; (xiv) to the Class A, Class M and Class B-1 Certificateholders, from the amount, if any, of Excess Cash Flow remaining after the foregoing distributions, an amount equal to the principal portion of Realized Losses on the Mortgage Loans during the immediately preceding Prepayment Period, which amount shall be included in the Principal Distribution Amount and paid in accordance with Section 4.02(d) hereof, until the Certificate Principal Balances of the Class A, Class M and Class B-1 Certificates have been reduced to zero; (xv) to the Class A, Class M and Class B-1 Certificateholders, from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the Overcollateralization Increase Amount for such Distribution Date, which amount shall be included in the Principal Distribution Amount and paid in accordance with Section 4.02(d) hereof, until the Certificate Principal Balances of the Class A, Class M and Class B-1 Certificates have been reduced to zero; (xvi) to the Class A, Class M and Class B-1 Certificateholders from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the amount of any Prepayment Interest Shortfalls allocated thereto for such Distribution Date, on a pro rata basis based on Prepayment Interest Shortfalls previously allocated thereto that remain unreimbursed, to the extent not covered by Eligible Master Servicing Compensation on such Distribution Date; (xvii) to the Class A, Class M and Class B-1 Certificateholders from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the amount of any Prepayment Interest Shortfalls previously allocated thereto on any prior Distribution Date that remain unreimbursed, together with interest thereon at the applicable Pass-Through Rate, on a pro rata basis based on Prepayment Interest Shortfalls previously allocated thereto that remain unreimbursed; (xviii) from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, to pay the Class A Certificates, on a pro rata basis, based on the amount of Class A Basis Risk Shortfall Carry-Forward Amount previously allocated thereto that remain unreimbursed, the amount of any Class A Basis Risk Shortfall Carry-Forward Amounts remaining unpaid as of such Distribution Date, then to the Class M Certificates, in their order of payment priority, the amount of any Class M Basis Risk Shortfall Carry-Forward Amounts remaining unpaid as of such Distribution Date and then to the Class B-1 Certificates the amount of any Class B-1 Basis Risk Shortfall Carry-Forward Amounts remaining unpaid as of such Distribution Date; (xix) to the Class A, Class M and Class B-1 Certificates on a pro rata basis, based on the amount of Relief Act Shortfalls allocated thereto on such Distribution Date, from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the amount of any Relief Act Shortfalls allocated to those Certificates with respect to such Distribution Date; (xx) to the Class A, Class M and Class B-1 Certificateholders, from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the principal portion of any Realized Losses previously allocated to those Certificates and remaining unreimbursed, which amount shall be allocated first, to the Class A Certificateholders on a pro rata basis, based on their respective principal portion of any Realized Losses previously allocated thereto that remain unreimbursed, then to the Class M Certificates, in their order of payment priority and then to the Class B-1 Certificates; (xxi) to the Class SB Certificates, (A) from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the sum of (I) Accrued Certificate Interest thereon, (II) the amount of any Overcollateralization Reduction Amount for such Distribution Date and (III) for any Distribution Date after the Certificate Principal Balance of each Class of Class A Certificates and Class M Certificates and the Class B-1 Certificates has been reduced to zero, the Overcollateralization Amount, and (B) from prepayment charges on deposit in the Certificate Account, any prepayment charges received on the Mortgage Loans during the related Prepayment Period; and (xxii) to the Class R-II Certificateholders, the balance, if any, of the Excess Cash Flow. (d) On each Distribution Date, the Principal Distribution Amount will be paid as follows: (i) the Class A Principal Distribution Amount shall be distributed, sequentially, to the Class A-1, Class A-2 and Class A-3 Certificates, in that order, in each case until the Certificate Principal Balances thereof have been reduced to zero; (ii) the Class M-1 Principal Distribution Amount shall be distributed to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (iii) the Class M-2 Principal Distribution Amount shall be distributed to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (iv) the Class M-3 Principal Distribution Amount shall be distributed to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (v) the Class M-4 Principal Distribution Amount shall be distributed to the Class M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (vi) the Class M-5 Principal Distribution Amount shall be distributed to the Class M-5 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (vii) the Class M-6 Principal Distribution Amount shall be distributed to the Class M-6 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (viii) the Class M-7 Principal Distribution Amount shall be distributed to the Class M-7 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (ix) the Class M-8 Principal Distribution Amount shall be distributed to the Class M-8 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (x) the Class M-9 Principal Distribution Amount shall be distributed to the Class M-9 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; and (xi) the Class B-1 Principal Distribution Amount shall be distributed to the Class B-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. (e) Notwithstanding the foregoing clauses (c) and (d), upon the reduction of the Certificate Principal Balance of a Class of Class A or Class M Certificates or the Class B-1 Certificates to zero, such Class of Certificates will not be entitled to further distributions pursuant to Section 4.02 (other than in respect of Subsequent Recoveries). (f) Notwithstanding the foregoing, on any Distribution Date, the amounts allocated from Excess Cash Flow pursuant to clauses (c)(xiii) through (c)(xv) of this Section 4.02 on such Distribution Date shall be paid first from the Available Distribution Amount for such Distribution Date and second from any Yield Maintenance Payment for such Distribution Date. (g) Any Prepayment Interest Shortfalls on the Mortgage Loans which are not covered by Eligible Master Servicing Compensation as described in Section 3.16 and Relief Act Shortfalls on the Mortgage Loans will be allocated among the Class A, Class M and Class B-1 Certificates pro rata in accordance with the amount of Accrued Certificate Interest payable on such Distribution Date absent such shortfalls. Any such uncovered Prepayment Interest Shortfalls will be paid solely pursuant to Section 4.02(c)(xvi) and (xvii) to the extent funds are available therefor. Any such Relief Act Shortfalls will be paid solely pursuant to Section 4.02(c)(xvix) to the extent funds are available therefor. (h) 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). (i) Each distribution with respect to a Book-Entry Certificate shall be paid to the Depository, as Holder thereof, and the Depository shall be responsible for crediting the amount of such distribution to the accounts of its Depository Participants in accordance with its normal procedures. Each Depository Participant shall be responsible for disbursing such distribution to the Certificate Owners that it represents and to each indirect participating brokerage firm (a "brokerage firm" or "indirect participating firm") for which it acts as agent. Each brokerage firm shall be responsible for disbursing funds to the Certificate Owners that it represents. None of the Trustee, the Certificate Registrar, the Depositor or the Master Servicer shall have any respons

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders Holders of the Class R Certificates (in respect of the Class R-I CertificatesInterest), as the case may be: (i) first, to the Holders of REMIC I Regular Interests (other than Interest I-LTAA, REMIC Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I- LTA3, REMIC I Regular Interest I-LTA4, REMIC I Regular Interest I-LTA5, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I- LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I- LTM8, REMIC I Regular Interest I-LTM9, REMIC I Regular Interest I-LTM10, REMIC I Regular Interest I-LTM11, REMIC I Regular Interest I-LTZZ and REMIC I Regular Interest I-LTP), PRO RATA, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 LTZZ shall be reduced and deferred when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Overcollateralization Target Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 LTZZ Uncertificated Interest Deferral Amount; andAmount and such amount will be payable to the Holders of REMIC Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTA3, REMIC I Regular Interest I- LTA4, REMIC I Regular Interest I-LTA5, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I- LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I- LTM9, REMIC I Regular Interest I-LTM10 and REMIC I Regular Interest I-LTM11 in the same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Certificates and the Uncertificated Principal Balance of the REMIC I Regular Interest I-LTZZ shall be increased by such amount; (ii) (x) on the first Distribution Date, to the Holders of REMIC I Regular Interest I-LT1SUB, REMIC I Regular Interest I-LT1GRP, REMIC I Regular Interest I-LT2SUB, REMIC I Regular Interest I- LT2GRP and REMIC I Regular Interest I-LTXX, PRO RATA, in an amount equal to (A) the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates; (iii) to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the REMIC I Marker Allocation Percentage of Available Distribution Amount Funds for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below):follows: 102 (a) to the Holders of the REMIC I Regular Interest I-LT1LTAA and REMIC I Regular Interest I-LTP, 98.00% of such remainderremainder (other than amounts payable under clause (iv) below), until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero, provided, however, that REMIC I Regular Interest I-LTP shall not be reduced until the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter, at which point such amount shall be distributed to REMIC I Regular Interest I-LTP, until $100 has been distributed pursuant to this clause; (b) to the Holders of the REMIC I Regular Interest I-LT2LTA1, REMIC I Regular Interest I-LT3LTA2, REMIC I Regular Interest I-LT4 LTA3, REMIC I Regular Interest I- LTA4, REMIC I Regular Interest I-LTA5, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I- LTM8, REMIC I Regular Interest I-LTM9, REMIC I Regular Interest I-LTM10 and REMIC I Regular Interest I-LT5LTM11, 1.00% of such remainderremainder (other than amounts payable under clause (iv) below), in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Balances of such REMIC I Regular Interests are reduced to zero; (c) to the Holders of the REMIC I Regular Interest I-LT6LTZZ, 1.00% of such remainderremainder (other than amounts payable under clause (iv) below), until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero; and (d) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-I Interest); provided, however, that (i) 98.00% and (ii) 2.00% of any principal payments that are attributable to an Overcollateralization Reduction Amount shall be allocated to the Holders of (i) REMIC I Regular Interest I-LTAA and REMIC I Regular Interest I-LTP, $100 on in that order and (ii) REMIC I Regular Interest I-LTZZ, respectively; provided that REMIC I Regular Interest I-LTP shall not be reduced until the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Prepayment Charge Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount at which point such amount shall be allocated distributed to Holders of the REMIC I Regular Interest I-LT1 and LTP, until $100 has been distributed pursuant to this clause; and (iv) to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the REMIC I Sub WAC Allocation Percentage of Available Funds for such Distribution Date after the distributions made pursuant to clause (i) above, such that distributions of principal shall be deemed to be made to the REMIC I Regular Interests first, so as to keep the Uncertificated Balance of each REMIC I Regular Interest ending with the designation "GRP" equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group; second, to each REMIC I Regular Interest ending with the designation "SUB," so that the Uncertificated Balance of each such REMIC I Regular Interest is equal to 0.01% of the excess of (x) the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group over (y) the current Certificate Principal Balance of the Class A Certificate in the related Loan Group (except that if any such excess is a larger number than in the preceding distribution period, the least amount of principal shall be distributed to such REMIC I Regular Interests such that the REMIC I Subordinated Balance Ratio is maintained); and third, any remaining principal to REMIC I Regular Interest I- LTXX. Notwithstanding the priorities and amounts of distribution of funds pursuant to this Section 4.01(a)(1), actual distributions of Available Funds shall be made only in accordance with Section 4.01(a)(2), (3) and (4). (I) On each Distribution Date, the Trustee shall withdraw from the Distribution Account an amount equal to the Group I Interest Remittance Amount and distribute to the Certificateholders the following amounts, in the following order of priority: (i) concurrently, to the Holders of each Class of Group I Certificates, on a PRO RATA basis based on the entitlement of each such Class, the Senior Interest Distribution Amount related to such Certificates; and (ii) concurrently, to the Holders of each Class of Group II Certificates, on a PRO RATA basis based on the entitlement of each such Class, the Senior Interest Distribution Amount related to such Certificates, to the extent remaining undistributed after the distribution of the Group II Interest Remittance Amount, as set forth in Section 4.01(a)(2)(II)(i) below. (II) On each Distribution Date, the Trustee shall withdraw from the Distribution Account an amount equal to the Group II Interest Remittance Amount and distribute to the Certificateholders the following amounts, in the following order of priority: (i) concurrently, to the Holders of each Class of Group II Certificates, on a PRO RATA basis based on the entitlement of each such Class, the Senior Interest Distribution Amount related to such Certificates; and (ii) concurrently, to the Holders of each Class of Group I Certificates, on a PRO RATA basis based on the entitlement of each such Class, the Senior Interest Distribution Amount related to such Certificates, to the extent remaining undistributed after the distribution of the Group I Interest Remittance Amount, as set forth in Section 4.01(a)(2)(I)(i) above. (III) On each Distribution Date, following the distributions of interest set forth in Sections 4.01(a)(I) and (II), the sum of the Group I Interest Remittance Amount and the Group II Interest Remittance Amount remaining will be distributed sequentially to the Class M-1, Class M-2, Clas▇ ▇-LT6▇, respectively▇▇▇▇▇ ▇-▇, ▇▇▇▇▇ M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that order, in an amount equal to the Interest Distribution Amount for each such Class. 104 (I) On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, the Group I Principal Distribution Amount shall be distributed in the following order of priority: (i) to the Holders of the Group I Certificates (allocated among such Certificates in the priority described below), until the Certificate Principal Balance of each such Class has been reduced to zero; and (ii) to the holders of the Group II Certificates (allocated among such Certificates in the priority described below), after taking into account the distribution of the Group II Principal Distribution Amount already distributed, as set forth in Section 4.01(a)(3)(II) below, until the Certificate Principal Balance of each Class in such group has been reduced to zero. (II) On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, the Group II Principal Distribution Amount shall be distributed in the following order of priority: (i) to the Holders of the Group II Certificates (allocated among such Certificates in the priority described below), until the Certificate Principal Balance of each such Class has been reduced to zero; and (ii) to the Holders of the Group I Certificates (allocated among such Certificates in the priority described below), after taking into account the distribution of the Group I Principal Distribution Amount already distributed, as set forth in Section 4.01(a)(3)(I) above, until the Certificate Principal Balance of each Class in such group has been reduced to zero. (III) On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, distributions in respect of principal to the extent of the sum of the Group I Principal Distribution Amount and the Group II Principal Distribution Amount remaining undistributed for such Distribution Date will be made sequentially to the Class M-1, Class M-2, Class M-3, Cl▇▇▇ ▇-▇, ▇▇▇▇▇ M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that order, until the Certificate Principal Balance of each such Class has been reduced to zero. (IV) On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, the Group I Principal Distribution Amount shall be distributed in the following order of priority: (i) to the Holders of the Group I Certificates (allocated among such Certificates in the priority described below), the Senior Group I Principal Distribution Amount, until the Certificate Principal Balances thereof have been reduced to zero; and (ii) to the Holders of the Group II Certificates (allocated among such Certificates in the priority described below), after taking into account the distribution of the Group II Principal Distribution Amount, as set forth in Sections 4.01(a)(3)(V) below, up to an amount 105 equal to the Senior Group II Principal Distribution Amount remaining undistributed, until the Certificate Principal Balance of each Class in such group has been reduced to zero. (V) On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, the Group II Principal Distribution Amount shall be distributed in the following order of priority: (i) to the Holders of the Group II Certificates (allocated among such Certificates in the priority described below), the Senior Group II Principal Distribution Amount, until the Certificate Principal Balances thereof have been reduced to zero; and (ii) to the Holders of the Group I Certificates (allocated among such Certificates in the priority described below), after taking into account the distribution of the Group I Principal Distribution Amount, as set forth in Sections 4.01(a)(3)(IV) above, up to an amount equal to the Senior Group I Principal Distribution Amount remaining undistributed, until the Certificate Principal Balance of each Class in such group has been reduced to zero. (VI) On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, the sum of the Group I Principal Distribution Amount and the Group II Principal Distribution Amount remaining undistributed for such Distribution Date shall be distributed in the following order of priority: (i) to the Holders of the Class M-1 Certificates, the Class M-1 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; (ii) to the Holders of the Class M-2 Certificates, the Class M-2 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; (iii) to the Holders of the Class M-3 Certificates, the Class M-3 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; (iv) to the Holders of the Class M-4 Certificates, the Class M-4 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; (v) to the Holders of the Class M-5 Certificates, the Class M-5 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; (vi) to the Holders of the Class M-6 Certificates, the Class M-6 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; (vii) to the Holders of the Class M-7 Certificates, the Class M-7 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; (viii) to the Holders of the Class M-8 Certificates, the Class M-8 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero;

Distributions. (a) (1)(A1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-I CertificatesInterest), as the case may be: (i) (a) to the Holders of REMIC I Regular Interests (other than Interest I-LTAA, REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTA3, REMIC I Regular Interest I-LTA4, REMIC I Regular Interest I-LTA5, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9, REMIC I Regular Interest I-LTM10, REMIC I Regular Interest I-LTZZ and REMIC I Regular Interest I-LTP), PRO RATA, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 LTZZ shall be reduced and deferred when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 LTZZ Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof Amount and (y) on each Distribution Date, such amount will be payable to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of such remainder; (b) to the Holders of the REMIC I Regular Interest I-LT2LTA1, REMIC I Regular Interest I-LT3LTA2, REMIC I Regular Interest I-LT4 LTA3, REMIC I Regular Interest I-LTA4, REMIC I Regular Interest I-LTA5, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, LTM10 in the same proportion as principal payments are the Overcollateralization Deficiency Amount is allocated to the Corresponding Certificates; (c) to Certificates and the Holders Uncertificated Balance of the REMIC I Regular Interest I-LT6, 1.00% of LTZZ shall be increased by such remainderamount; and (db) to the Holders of the REMIC I Regular Interest I-LTPLT1SUB, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 LT1GRP, REMIC I Regular Interest I-LT2SUB, REMIC I Regular Interest I-LT2GRP and REMIC I Regular Interest I-LT6LTXX, respectively.PRO RATA, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates;

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-I CertificatesInterest), as the case may be: (i) first, to the Holders of REMIC I Regular Interests I-LT▇▇▇, ▇-▇▇▇▇▇, ▇-▇▇▇▇▇, ▇-▇▇▇▇▇, ▇-▇▇▇▇▇, ▇-▇TS2B, I-LTS2C, I-LTS2D, I-LTS3A, I-LTS3B, I-LTS3C and I-▇▇▇▇▇ ▇▇ ▇▇ ▇▇▇▇nt equal to (other than A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates and second, to the Holders of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3 and REMIC I Regular Interest I-LTP), in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; and; (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of such remainder; (b) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainder; and (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; providedthereafter until $100 has been distributed pursuant to this clause; (iii) on each Distribution Date, howeverthe remainder of the Available Funds for such Distribution Date after the distributions made pursuant to clause (i) and clause (ii) above, that 98.00% and 2.00% of any principal payments that are attributable first, to a Overcollateralization Reduction Amount shall be allocated to the Holders of the REMIC I Regular Interest I-LT1 LT1, REMIC I Regular Interest I-LT2 and REMIC I Regular Interest I-LT6LT3 until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero, respectivelyand second, to the Holders of REMIC I Regular Interests I-LTS1A, I-LT▇▇▇, ▇-▇▇▇▇▇, ▇-▇▇▇▇▇, ▇-▇TS2A, I-LTS2B, I-LTS2C, I-LTS2D, I-LTS3A, I-LTS3B, I-LTS3C and ▇-▇▇▇▇▇ ▇ntil the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero; and (iv) to the Holders of the Class R Certificates (in respect of the Class R-I Interest), any amounts remaining after the distributions pursuant to clauses (i) through (iii) above. On each Distribution Date, all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period will be distributed by REMIC I to the Holders of REMIC I Regular Interest I-LTP. The payment of the foregoing amounts to the Holders of REMIC I Regular Interest I-LTP shall not reduce the Uncertificated Balance thereof.

Distributions. (a) On each Distribution Date, the Trustee (1)(Aor the Paying Agent on behalf of the Trustee) shall allocate and distribute the Principal Distribution Amount for such date to the interests issued in respect of REMIC I, REMIC II, REMIC III and REMIC IV as specified in this Section. (1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II III on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may beInterests: (i) to the extent of the Group I Available Distribution Amounts, FIRST, to the Holders of REMIC I Regular Interest LT-A-2 and REMIC I Regular Interest LT-A-3, in ▇▇ ▇▇▇▇▇▇ ▇▇▇▇l to (A) the Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates and SECOND, to Holders of REMIC I Regular Interest LT-A-1 in an amount equal to (A) the Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates; and (ii) to the Holders of REMIC I Regular Interests Interests, in an amount equal to the remainder of the Group I Available Distribution Amount for such Distribution Date after the distributions made pursuant to clause (other than i) above, allocated in the following order of priority: (A) to the Holders of REMIC I Regular Interest ILT-LTP)A-1, until the Uncertificated Principal Balance of REMIC I Regular Interest LT-A-1 is reduced to zero; (B) to the Holders of REMIC I Regular Interest LT-A-2, until the Uncertificated Principal Balance of REMIC I Regular Interest LT-A-2 is reduced to zero; (C) to the Holders of REMIC I Regular Interest LT-A-3, until the Uncertificated Principal Balance of REMIC I Regular Interest LT-A-3, is ▇▇▇▇▇▇▇ ▇▇ ▇▇▇o; and (D) any remaining amount to the Holders of the Class R-I Certificates. (2) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC II to REMIC III on account of the REMIC II Regular Interests: (i) to the extent of the Group II Available Distribution Amounts, to the Holders of REMIC II Regular Interest LT-B, in an amount equal to (A) the related Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates; and (ii) to the Holders of REMIC II Regular Interest LT-B, in an amount equal to the remainder of the Group II Available Distribution Amount for such Distribution Date after the distributions made pursuant to clause (i) above, allocated in the following order of priority: (A) to the Holders REMIC II Regular Interest LT-B, until the Uncertificated Principal Balance of REMIC II Regular Interest LT-B is reduced to zero; and (B) any remaining amount to the Holders of the Class R-II Certificates. (3) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC III to REMIC IV on account of the REMIC III Regular Interests: (i) to the extent of the Group I Available Distribution Amount, FIRST, to the Holders of REMIC III Regular Interest MT-I-IO, in an amount equal to (A) the related Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates, and SECOND, to the Holders of REMIC III Regular Interest MT-I-1, REMIC III Regular Interest MT-I-2, REMIC III Regular Interest MT-I-3, REMIC III Regular Interest MT-I-4, REMIC III Regular Interest MT-I-5, REMIC III Regular Interest MT-I-6 and REMIC III Regular Interest MT-I-7, pro rata, in an amount equal to (A) the related Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Accrued Interest in respect of REMIC I III Regular Interest IMT-LT6 I-7 shall be reduced when the REMIC III Group I Overcollateralized Overcollateralization Amount is less than the REMIC III Group I Required Overcollateralized Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the REMIC III Group I Regular Interest MT-I-7 Maximum I-LT6 Uncertificated Interest Deferral AmountAmount , and such amount will be payable to the Holders of REMIC III Regular Interest MT-I-1, REMIC III Regular Interest MT-I-2, REMIC III Regular Interest MT-I-3, REMIC III Regular Interest MT-I-4, REMIC III Regular Interest MT-I-5 and REMIC III Regular Interest MT-I-6 in the same proportion as the Group I Overcollateralization Increase Amount is allocated to the Class A-I-1 Certificates, Class A-I-2 Certificates, Class A-I-3 Certificates, Class A-I-4 Certificates and Class A-I-5 Certificates, respectively; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC III Group I Regular InterestsInterests (other than REMIC III Regular Interest MT-I-IO), in an amount equal to the remainder of the Group I Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below): ): (aA) to the Holders of the REMIC I III Regular Interest IMT-LT1I-1, 98.00% of such remainder; remainder until the Uncertificated Principal Balance of such REMIC III Regular Interest is reduced to zero; (bB) to the Holders of the REMIC I III Regular Interest IMT-LT2I-2, REMIC I Regular Interest IMT-LT3I-3, REMIC I Regular Interest I▇▇-LT4 and REMIC I Regular Interest I▇-LT5▇, 1.00▇▇-▇-▇ ▇▇▇ ▇▇- ▇-▇, ▇.▇▇% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Class A-I-1 Certificates; , Class A-I-2 Certificates, Class A-I-3 Certificates, Class A-I-4 Certificates and Class A-I-5 Certificates, respectively; (cC) to the Holders of the REMIC I III Regular Interest IMT-LT6I-7, 1.00% of such remainder; and and (dD) any remaining amounts to the Holders of the REMIC I Regular Interest IClass R-LTPIII Certificates; PROVIDED, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; provided, howeverHOWEVER, that 98.00% and 2.00% of any principal payments that are attributable to a an Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I III Regular Interest IMT-LT1 I-1 and REMIC I III Regular Interest IMT-LT6I-7, respectively. (iii) to the extent of the Group II Available Distribution Amount, to the Holders of REMIC III Regular Interest MT-II-1, REMIC III Regular Interest MT-II-2, and REMIC III Regular Interest MT-II-3, pro rata, in an amount equal to (A) the related Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. Amounts payable as Uncertificated Accrued Interest in respect of REMIC III Regular Interest MT-II-3 shall be reduced when the REMIC III Group II Overcollateralization Amount is less than the REMIC III Group II Required Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the REMIC III Group II Regular Interest MT-II-3 Maximum Interest Deferral Amount , and such amount will be payable to the Holders of REMIC III Regular Interest MT- II-2 in an amount equal to the amount of Group II Overcollateralization Increase Amount allocated to the Class A-II Certificates, respectively; and (iv) on each Distribution Date, to the Holders of REMIC III Group II Regular Interests, in an amount equal to the remainder of the Group II Available Distribution Amount after the distributions made pursuant to clause (iii) above, allocated as follows (except as provided below): (A) to the Holders of the REMIC III Regular Interest MT-II-1, 98.00% of such remainder until the Uncertificated Principal Balance of such REMIC III Regular Interest is reduced to zero; (B) to the Holders of the REMIC III Regular Interest MT-II-2, 1.00% of such remainder, (C) to the Holders of the REMIC III Regular Interest MT-II-3, 1.00% of such remainder; and (D) any remaining amounts to the Holders of the Class R-III Certificates; PROVIDED, HOWEVER, that 98.00% and 2.00% of any principal payments that are attributable to an Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC III Regular Interest MT-II-1 and REMIC III Regular Interest MT-II-3, respectively. (4) Notwithstanding the distributions on the REMIC Regular Interests described in this Section 4.02(b), distribution of funds from the Certificate Account shall be made only in accordance with Section 4.02(c) and (d). (c) On each Distribution Date (x) the Master Servicer on behalf of the Trustee or (y) the Paying Agent appointed by the Trustee, shall distribute to each Certificateholder of record on the next preceding Record Date (other than as provided in Section 9.01 respecting the final distribution) either in immediately available funds (by wire transfer or otherwise) to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor, if such Certificateholder has so notified the Master Servicer or the Paying Agent, as the case may be, or, if such Certificateholder has not so notified the Master Servicer or the Paying Agent by the Record Date, by check mailed to such Certificateholder at the address of such Holder appearing in the Certificate Register such Certificateholder's share (which share with respect to each Class of Certificates, shall be based on the aggregate of the Percentage Interests represented by Certificates of the applicable Class held by such Holder of the following amounts), in the following order of priority, in each case to the extent of the Group I Available Distribution Amount: (i) to the Class A-I Certificateholders, Accrued Certificate Interest payable on such Certificates with respect to such Distribution Date, plus any Accrued Certificate Interest remaining unpaid from any prior Distribution Date, less any Prepayment Interest Shortfalls on the Group I Loans, to the extent not covered by Compensating Interest pursuant to Section 3.16 (the "Group I Interest Distribution Amount"), with such amount allocated among the Class A-I Certificateholders on a pro rata basis; (ii) to the Class A-I Certificateholders (other than the Class A-I-IO Certificateholders), the lesser of (a) the excess of (i) the Group I Available Distribution Amount over (ii) the Group I Interest Distribution Amount and (b) the Group I Principal Distribution Amount (other than with respect to clauses (iv) and (v) thereof), in the order described in Section 4.02(e), until the aggregate Certificate Principal Balance of the Class A-I Certificates has been reduced to zero; (iii) to the Class A-I Certificateholders (other than the Class A-I-IO Certificateholders), from the Group I Available Distribution Amount remaining after the foregoing distributions (such amount, the "Group I Excess Cash Flow"), an amount equal to the Realized Losses on the Group I Loans during the immediately preceding Due Period, applied to reduce the Certificate Principal Balances of the Class A-I Certificates, in the order described in Section 4.02(e), until the aggregate Certificate Principal Balance of the Class A-I Certificates has been reduced to zero; (iv) to the Class A-II Certificateholders, from the amount, if any, of the Group I Available Distribution Amount remaining after the foregoing distributions, an amount equal to the Realized Losses on the Group II Loans during the immediately preceding Due Period to the extent not covered by the Group II Excess Cash Flow, applied to reduce the Certificate Principal Balance of the Class A-II Certificates, until the Certificate Principal Balance of the Class A-II Certificates has been reduced to zero; (v) to the Insurer, from the amount, if any, of the Group I Available Distribution Amount remaining after the foregoing distributions, in respect of any Group I Cumulative Insurance Payments; (vi) to the Insurer, from the amount, if any, of the Group I Available Distribution Amount remaining after the foregoing distributions, in respect of any Group II Cumulative Insurance Payments, to the extent not covered by the Group II Excess Cash Flow; (vii) to the Class A-II Certificateholders, from the amount, if any, of the Group I Available Distribution Amount remaining after the foregoing distributions, the Group II Overcollateralization Increase Amount for such Distribution Date, in reduction of the Certificate Principal Balance thereof, until the Certificate Principal Balance of the Class A-II Certificates has been reduced to zero, but only to the extent the Certificate Principal Balance of the Class A-II Certificates immediately prior to such Distribution Date exceeded the aggregate Stated Principal Balance of the Group II Loans at the end of the immediately preceding Due Period and to the extent not covered by the Group II Excess Cash Flow; (viii) except on the first two Distribution Dates, to the Class A-I Certificateholders (other than the Class A-I-IO Certificateholders), from the amount, if any, of the Group I Available Distribution Amount remaining after the foregoing distributions, the Group I Overcollateralization Increase Amount for such Distribution Date, in the order described in Section 4.02(e), until the aggregate Certificate Principal Balance of such Class A-I Certificates has been reduced to zero; (ix) except on the first two Distribution Dates, to the Class A-II Certificateholders, from the amount, if any, of the Group I Available Distribution Amount remaining after the foregoing distributions, the Group II Overcollateralization Increase Amount for such Distribution Date to the extent not covered by the Group II Excess Cash Flow for such Distribution Date, in reduction of the Certificate Principal Balance thereof, until the Certificate Principal Balance of the Class A-II Certificates has been reduced to zero; (x) to the Class A-I Certificateholders from the amount, if any, of the Group I Available Distribution Amount remaining after the foregoing distributions, the amount of any Prepayment Interest Shortfalls allocated thereto with respect to the Group I Loans, to the extent not covered by Compensating Interest on such Distribution Date; (xi) to the Class A-II Certificateholders from the amount, if any, of the Group I Available Distribution Amount remaining after the foregoing distributions, the amount of any Prepayment Interest Shortfalls allocated thereto with respect to the Group II Loans, to the extent not covered by Compensating Interest and any Group II Excess Cash Flow on such Distribution Date; (xii) to the Class A-I Certificateholders from the amount, if any, of the Group I Available Distribution Amount remaining after the foregoing distributions, the amount of any Prepayment Interest Shortfalls allocated thereto remaining unpaid from prior Distribution Dates together with interest thereon; (xiii) to the Class A-II Certificateholders from the amount, if any, of the Group I Available Distribution Amount remaining after the foregoing distributions, the amount of any Prepayment Interest Shortfalls allocated thereto remaining unpaid from prior Distribution Dates together with interest thereon, to the extent not covered by any Group II Excess Cash Flow on such Distribution Date; (xiv) to make payments, from amounts otherwise payable to the Class SB-I Certificates (but in no event more than the Accrued Certificate Interest on such Class), (i) FIRST, to the Reserve Fund to pay to the Class A-II Certificates the amount of any Basis Risk Shortfall Carry-Forward Amount on such Certificate to the extent not covered by payments pursuant to Section 4.02(d)(xiv), and (ii) SECOND, to maintain a balance in the Reserve Fund equal to the Reserve Fund Deposit; (xv) to the Class SB-I Certificates, from the amount, if any, of the Group I Available Distribution Amount remaining after the foregoing distributions, Accrued Certificate Interest thereon and the amount of any Group I Overcollateralization Reduction Amount for such Distribution Date; and (xvi) to the related Class R Certificateholders, the balance, if any, of the Group I Available Distribution Amount. (d) On each Distribution Date (x) the Master Servicer on behalf of the Trustee or (y) the Paying Agent appointed by the Trustee, shall distribute to each Certificateholder of record on the next preceding Record Date (other than as provided in Section 9.01 respecting the final distribution) either in immediately available funds (by wire transfer or otherwise) to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor, if such Certificateholder has so notified the Master Servicer or the Paying Agent, as the case may be, or, if

Distributions. (a) (1)(A1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-I CertificatesInterest), as the case may be: (i) (a) to the Holders of REMIC I Regular Interests (other than Interest I-LTAA, REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA3A, REMIC I Regular Interest I-LTA3B, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTZZ and REMIC I Regular Interest I-LTP), PRO RATA, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 LTZZ shall be reduced and deferred when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 LTZZ Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof Amount and (y) on each Distribution Date, such amount will be payable to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of such remainder; (b) to the Holders of the REMIC I Regular Interest I-LT2LTA1, REMIC I Regular Interest I-LT3LTA3A, REMIC I Regular Interest I-LT4 LTA3B, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, LTM6 in the same proportion as principal payments are the Overcollateralization Deficiency Amount is allocated to the Corresponding Certificates;; and (cb) to the Holders of the REMIC I Regular Interest I-LT6LT1SUB, 1.00% of such remainder; and (d) to the Holders of the REMIC I Regular Interest I-LTPLT1GRP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 LT2SUB, REMIC I Regular Interest I- LT2GRP and REMIC I Regular Interest I-LT6LTXX, respectively.PRO RATA, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates;

Distributions. (a) On each Distribution Date, the Trustee (1)(Aor the Paying Agent on behalf of the Trustee) shall allocate and distribute the Available Distribution Amount, if any, for such date to the interests issued in respect of REMIC I and REMIC II as specified in this Section. (1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may beInterests: (i) to the extent of the Available Distribution Amount, to the Holders of the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP)Interests, pro rata, in an amount equal to (A) the related Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Accrued Interest in respect of REMIC I Regular Interest I-LT6 ZZ shall be reduced when the REMIC I Overcollateralized Overcollateralization Amount is less than the REMIC I Required Overcollateralized Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the REMIC I Regular Interest ZZ Maximum I-LT6 Uncertificated Interest Deferral Amount, and such amount will be payable to the Holders of REMIC I Regular Interests A-1, A-2, A-3, M-1, M-2, M-3, M-4, M-5, M-6, M-7, M-8, M-▇ ▇▇▇ ▇ ▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇tion as the Overcollateralization Increase Amount is allocated to the Corresponding Class, and the Uncertificated Principal Balance of the REMIC I Regular Interest ZZ shall be increased by such amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below): ): (aA) to the Holders of the REMIC I Regular Interest I-LT1AA, 98.00% of such remainder; remainder until the Uncertificated Principal Balance of such REMIC I Regular Interest is reduced to zero; (bB) to the Holders of REMIC I Regular Interests A-1, A-2, A-3, M-1, M-2, M-3, M-4, M-5, M-6, M-7, M-8, M-9 and ▇, ▇.▇▇% ▇▇ ▇▇▇▇ ▇▇▇▇in▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇rtion as amounts are distributed in respect of principal on the Corresponding Class; (C) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) to the Holders of the REMIC I Regular Interest I-LT6ZZ, 1.00% of such remainder; and and (dD) any remaining amounts to the Holders of the REMIC Class R-I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafterCertificates; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a an Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 AA and REMIC I Regular Interest I-LT6ZZ, respectively; (2) Notwithstanding the distributions described in this Section 4.02(b), distribution of funds from the Certificate Account shall be made only in accordance with Section 4.02(c). (c) On each Distribution Date (x) the Master Servicer on behalf of the Trustee or (y) the Paying Agent appointed by the Trustee, shall distribute to each Certificateholder of record on the next preceding Record Date (other than as provided in Section 9.01 respecting the final distribution) either in immediately available funds (by wire transfer or otherwise) to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor, if such Certificateholder has so notified the Master Servicer or the Paying Agent, as the case may be, or, if such Certificateholder has not so notified the Master Servicer or the Paying Agent by the Record Date, by check mailed to such Certificateholder at the address of such Holder appearing in the Certificate Register such Certificateholder's share (which share with respect to each Class of Certificates, shall be based on the aggregate of the Percentage Interests represented by Certificates of the applicable Class held by such Holder of the following amounts, in the following order of priority, subject to the provisions of Section 4.02(d)), in each case to the extent of the Available Distribution Amount on deposit in the Certificate Account (or, with respect to clause (xxiv) below, to the extent of prepayment charges on deposit in the Certificate Account) and to the extent not covered by amounts on deposit in the Swap Account: (i) to the Class A Certificateholders, the Class A Interest Distribution Amount, with such amount allocated among the Class A Certificateholders on a pro rata basis; (ii) to the Class M-1 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-1 Interest Distribution Amount; (iii) to the Class M-2 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-2 Interest Distribution Amount; (iv) to the Class M-3 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-3 Interest Distribution Amount; (v) to the Class M-4 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-4 Interest Distribution Amount; (vi) to the Class M-5 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-5 Interest Distribution Amount; (vii) to the Class M-6 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-6 Interest Distribution Amount; (viii) to the Class M-7 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-7 Interest Distribution Amount; (ix) to the Class M-8 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-8 Interest Distribution Amount; (x) to the Class M-9 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-9 Interest Distribution Amount; (xi) to the Class B Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class B Interest Distribution Amount; (xii) to the Class A, Class M and Class B Certificateholders, the Principal Distribution Amount (other than clauses (iv), (v), and (vi) thereof), in the order described in Section 4.02(d) hereof, until the Certificate Principal Balances of the Class A, Class M and Class B Certificates have been reduced to zero; (xiii) to the Class A, Class M and Class B Certificateholders, from the Excess Cash Flow, an amount equal to the principal portion of Realized Losses previously allocated to reduce the Certificate Principal Balance of any Class of the Class A, Class M and Class B Certificates and remaining unreimbursed, but only to the extent of Subsequent Recoveries for that Distribution Date, which amount shall be included in the Principal Distribution Amount and paid in accordance with Section 4.02(d) hereof, until the Certificate Principal Balances of the Class A, Class M and Class B Certificates have been reduced to zero; (xiv) to the Class A, Class M and Class B Certificateholders, from the Excess Cash Flow, an amount equal to the principal portion of Realized Losses on the Mortgage Loans during the immediately preceding Due Period, which amount shall be included in the Principal Distribution Amount and paid in accordance with Section 4.02(d) hereof, until the Certificate Principal Balances of the Class A Certificates, Class M Certificates and Class B Certificates have been reduced to zero (xv) to the Class A, Class M and Class B Certificateholders, from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Overcollateralization Increase Amount for such Distribution Date, which amount shall be included in the Principal Distribution Amount and paid in accordance with Section 4.02(d) hereof, until the Certificate Principal Balances of such Class A, Class M and Class B Certificates have been reduced to zero; (xvi) to the Class A, Class M and Class B Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the amount of any Prepayment Interest Shortfalls allocated thereto for such Distribution Date, on a pro rata basis based on Prepayment Interest Shortfalls previously allocated thereto that remain unreimbursed, to the extent not covered by Eligible Master Servicing Compensation on such Distribution Date; (xvii) to the Class A, Class M and Class B Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the amount of any Prepayment Interest Shortfalls previously allocated thereto on any prior Distribution Date, on a pro rata basis based on Prepayment Interest Shortfalls previously allocated thereto that remain unreimbursed; (xviii) from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, to pay the Class A Certificates, on a pro rata basis, based on the amount of Class A Basis Risk Shortfall Carry-Forward Amount, the amount of any Class A Basis Risk Shortfall Carry-Forward Amounts, then to the Class M Certificates, in their order of payment priority, the amount of any Class M Basis Risk Shortfall Carry-Forward Amounts, and then to the Class B Certificates, the amount of any Class B Basis Risk Shortfall Carry-Forward Amounts in each case to the extent not covered by any payments under the Swap Agreement pursuant to Section 4.09(c); (xix) to the Class A, Class M and Class B Certificates on a pro rata basis, based on the amount of Relief Act Shortfalls allocated thereto, from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the amount of any Relief Act Shortfalls allocated to those Certificates with respect to such Distribution Date; (xx) to the Class A, Class M and Class B Certificateholders, from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the principal portion of any Realized Losses previously allocated to those Certificates and remaining unreimbursed, which amount shall be allocated first, to the Class A Certificateholders on a pro rata basis, based on their respective principal portion of any Realized Losses previously allocated thereto that remain unreimbursed, then to the Class M Certificates, in their order of payment priority, and then to the Class B Certificates; (xxi) from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, to the Swap Account for Payment to the Swap Counterparty, any Swap Termination Payments due to a Swap Counterparty Trigger Event owed by the Trust Fund; (xxii) to the Class SB Certificates, (A) from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the sum of (I) Accrued Certificate Interest thereon, (II) the amount of any Overcollateralization Reduction Amount for such Distribution Date and

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may be: (i) to the Holders of REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP)Interests, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Regular\ Interest I-LT1, 98.00% of such remainder; (b) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates;; and (c) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainder; and (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6, respectively.

Distributions. (a) (1)(A1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates, in respect of the Class R-I CertificatesInterest, as the case may be: (i) to the Holders of REMIC I Regular Interests (other than Interest I-LTAA, REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2A, REMIC I Regular Interest I-LTA2B, REMIC I Regular Interest I-LTA2C, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTB1, REMIC I Regular Interest I-LTB2, REMIC I Regular Interest I-LTZZ and REMIC I Regular Interest I-LTP), PRO RATA, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 LTZZ shall be reduced when the REMIC I Overcollateralized Overcollateralization Amount is less than the REMIC I Required Overcollateralized Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 LTZZ Uncertificated Interest Deferral Amount; andAmount and such amount will be payable to the Holders of REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2A, REMIC I Regular Interest I-LTA2B, REMIC I Regular Interest I-LTA2C, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTB1 and REMIC I Regular Interest I-LTB2, in the same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Certificates and the Uncertificated Balance of REMIC I Regular Interest I-LTZZ shall be increased by such amount; (ii) to Holders of REMIC I Regular Interest I-LT1A, REMIC I Regular Interest I-LT1B, REMIC I Regular Interest I-LT2A, REMIC I Regular Interest I-LT2B, and REMIC I Regular Interest I-LTXX, PRO RATA, in an amount equal to (xA) on the first Uncertificated Interest for such Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance plus (B) any amounts in respect thereof and remaining unpaid from previous Distribution Dates; (yiii) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount REMIC I Marker Allocation Percentage of the available funds for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below):follows: (aA) 98.00% of such remainder to the Holders of the REMIC I Regular Interest I-LT1LTAA, 98.00until the Uncertificated Balance of such Uncertificated REMIC I Regular Interest is reduced to zero; (B) 2.00% of such remainder; (b) , first, to the Holders of the REMIC I Regular Interest I-LT2LTA1, REMIC I Regular Interest I-LT3LTA2A, REMIC I Regular Interest I-LT4 LTA2B, REMIC I Regular Interest I-LTA2C, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTB1 and REMIC I Regular Interest I-LT5LTB2, 1.001 % of such remainder, and in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) , until the Uncertificated Balances of such REMIC I Regular Interests are reduced to zero and second to the Holders of the REMIC I Regular Interest I-LT6LTZZ, 1.00% until the Uncertificated Balance of such remainder; andREMIC I Regular Interest is reduced to zero; (dC) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Prepayment Charge Schedule or any Distribution Date thereafterthereafter until $100 has been distributed pursuant to this clause; then (D) any remaining amount to the Holders of the Class R-I Interest, in respect of the Class R-I Interest; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a an Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT6LTZZ, respectively. (iv) to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the REMIC I Sub WAC Allocation Percentage of available funds for such Distribution Date after the distributions made pursuant to clause (ii) above, such that distributions of principal shall be deemed to be made to the REMIC I Regular Interests first, so as to keep the Uncertificated Balance of each REMIC I Regular Interest ending with the designation "B" equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group; second, to each REMIC I Regular Interest ending with the designation "A," so that the Uncertificated Balance of each such REMIC I Regular Interest is equal to 0.01% of the excess of (x) the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group over (y) the current Certificate Principal Balance of the Class A Certificate in the related Loan Group (except that if any such excess is a larger number than in the preceding distribution period, the least amount of principal shall be distributed to such REMIC I Regular Interests such that the REMIC I Subordinated Balance Ratio is maintained); and third, any remaining principal to REMIC I Regular Interest I-LTXX. (v) Notwithstanding the distributions described in Section 5.01(a)(1), distributions of funds shall be made to Certificateholders only in accordance with Section 5.01(2) through (7) and Section 5.01(b). (2) On each Distribution Date, the Securities Administrator shall withdraw from the Distribution Account to the extent on deposit therein an amount equal to the Group I Interest Remittance Amount and make the following disbursements and transfers in the order of priority described below, in each case to the extent of the Group I Interest Remittance Amount remaining for such Distribution Date: FIRST, to the Certificate Insurer, the Premium Amount; SECOND, to the Holders of the Class A-1 Certificates, the Senior Interest Distribution Amount allocable to the Class A-1 Certificates; THIRD, concurrently, to the Holders of the Class A-2A, Class A-2B and Class A-2C Certificates, the Interest Distribution Amount allocable to each such Class, on a PRO RATA basis, based on the entitlement of each such Class, to the extent remaining unpaid after the distribution of the Group II Interest Remittance Amount as set forth in Section 5.01(a)(3) below;

Distributions. (a) (1)(A1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders Holders of the Class R Certificates, in respect of the Class R-I CertificatesInterest, as the case may be: (i) to the Holders of REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP)LTAA, REMIC I Regular Interest I-LTA1A, REMIC I Regular Interest I-LTA1B, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTB1, REMIC I Regular Interest I-LTB2, REMIC I Regular Interest I-LTZZ, REMIC I Regular Interest I-LTP and REMIC I Regular Interest I-LTCE2, pro rata, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 LTZZ shall be reduced when the REMIC I Overcollateralized Overcollateralization Amount is less than the REMIC I Required Overcollateralized Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 LTZZ Uncertificated Interest Deferral Amount; andAmount and such amount will be payable to the Holders of REMIC I Regular Interest I-LTA1A, REMIC I Regular Interest I-LTA1B, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTB1 and REMIC I Regular Interest I-LTB2 in the same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Certificates and the Uncertificated Balance of REMIC I Regular Interest I-LTZZ shall be increased by such amount; (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount available funds for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below):follows: (aA) 98.00% of such remainder to the Holders of the REMIC I Regular Interest I-LT1LTAA, 98.00until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero; (B) 2.00% of such remainder; (b) , first, to the Holders of the REMIC I Regular Interest I-LT2LTA1A, REMIC I Regular Interest I-LT3LTA1B, REMIC I Regular Interest I-LT4 LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTB1 and REMIC I Regular Interest I-LT5LTB2, 1.00% of such remainder, and in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) , until the Uncertificated Balances of such REMIC I Regular Interests are reduced to zero and second to the Holders of the REMIC I Regular Interest I-LT6, 1.00% LTZZ until the Uncertificated Balance of such remainder; andREMIC I Regular Interest is reduced to zero; (dC) to the Holders of the REMIC I Regular Interest I-LTP, $100 all Prepayment Charges and on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Prepayment Charge Schedule or any Distribution Date thereafterthereafter until $100 has been distributed pursuant to this clause; then (D) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-I Interest); provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a an Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT6LTZZ, respectively. (iii) Notwithstanding the distributions described in Section 5.01(a)(1), distributions of funds shall be made to Certificateholders only in accordance with Section 5.01(2) through (5) and Section 5.01(b).

Distributions. (a) (1)(A1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates, in respect of the Class R-I CertificatesInterest, as the case may be: (iii) to the Holders of REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP)LT1SUB, REMIC I Regular Interest I-LT1GRP, REMIC I Regular Interest I-LT2SUB, REMIC I Regular Interest I-LT2GRP, and REMIC I Regular Interest I-LTXX, PRO RATA, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; and; (iiiii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount REMIC I Marker Allocation Percentage of the available funds for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below):follows: 112 (aA) 98.00% of such remainder to the Holders of the REMIC I Regular Interest I-LT1LTAA, 98.00until the Uncertificated Balance of such Uncertificated REMIC I Regular Interest is reduced to zero; (B) 2.00% of such remainder; (b) , first, to the Holders of the REMIC I Regular Interest I-LT2LTA1A, REMIC I Regular Interest I-LT3LTA1B, REMIC I Regular Interest I-LT4 LTA2A, REMIC I Regular Interest I-LTA2B, REMIC I Regular Interest I-LTA2C, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9, REMIC I Regular Interest I-LTB1, REMIC I Regular Interest I-LTB2 and REMIC I Regular Interest I-LT5LTB3, 1.001% of such remainder, and in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) , until the Uncertificated Balances of such REMIC I Regular Interests are reduced to zero and second to the Holders of the REMIC I Regular Interest I-LT6LTZZ, 1.00% until the Uncertificated Balance of such remainder; andREMIC I Regular Interest is reduced to zero; (dC) to the Holders of the REMIC I Regular Interest I-LTP, $100 all Prepayment Charges and on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Prepayment Charge Schedule or any Distribution Date thereafterthereafter until $100 has been distributed pursuant to this clause; then (D) any remaining amount to the Holders of the Class R-I Interest, in respect of the Class R-I Interest; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a an Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT6LTZZ, respectively. (iv) to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the REMIC I Sub WAC Allocation Percentage of available funds for such Distribution Date after the distributions made pursuant to clause (ii) above, such that distributions of interest are deemed to be made to the Holders of REMIC I Regular Interest I-LTISUB, REMIC I Regular Interest I-LT1GRP, REMIC I Regular Interest I-LT2SUB, REMIC I Regular Interest I-LT2GRP and REMIC I Regular Interest I-LTXX, pro rata, in an amount equal to (A) the Uncertificated Interest for each such REMIC I Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates and such that distributions of principal shall be deemed to be made to the REMIC I Regular Interests first, so as to keep the Uncertificated Balance of each REMIC I Regular Interest ending with the designation "GRP" equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group; second, to each REMIC I Regular Interest ending with the designation "SUB," so that the Uncertificated Balance of each such REMIC I Regular Interest is equal to 0.01% of the excess of (x) the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group over (y) the current Certificate Principal Balance of the Class A Certificate in the related Loan Group (except that if any such 113 excess is a larger number than in the preceding distribution period, the least amount of principal shall be distributed to such REMIC I Regular Interests such that the REMIC I Subordinated Balance Ratio is maintained); and third, any remaining principal to REMIC I Regular Interest I-LTXX. (v) Notwithstanding the distributions described in Section 5.01(a)(1), distributions of funds shall be made to Certificateholders only in accordance with Section 5.01(2) through (7) and Section 5.01(b). (2) On each Distribution Date, the Securities Administrator shall withdraw from the Distribution Account to the extent on deposit therein an amount equal to the Group I Interest Remittance Amount and make the following disbursements and transfers in the order of priority described below, in each case to the extent of the Group I Interest Remittance Amount remaining for such Distribution Date: FIRST, concurrently, to the Holders of the Class A-1A Certificates and Class A-1B Certificates, the Senior Interest Distribution Amount allocable to each such Class, on a pro rata basis, based on the entitlement of each such Class; and SECOND, concurrently, to the Holders of the Class A-2A, Class A-2B and Class A-2C Certificates, the Senior Interest Distribution Amount allocable to each such Class, to the extent remaining unpaid after the distribution of the Group II Interest Remittance Amount as set forth in Section 5.01(a)(3) below on a pro rata basis, based on the entitlement of each such Class. (3) On each Distribution Date, the Securities Administrator shall withdraw from the Distribution Account to the extent on deposit therein an amount equal to the Group II Interest Remittance Amount and make the following disbursements and transfers in the order of priority described below, in each case to the extent of the Group II Interest Remittance Amount remaining for such Distribution Date: FIRST, concurrently, to the Holders of the Class A-2A, Class A-2B and Class A-2C Certificates, the Senior Interest Distribution Amount allocable to each such Class, on a pro rata basis, based on the entitlement of each such Class; and SECOND, concurrently, to the Holders of the Class A-1A Certificates and Class A-1B Certificates, the Senior Interest Distribution Amount allocable to each such Class, to the extent remaining unpaid after the distribution of the Group I Interest Remittance Amount as set forth in Section 5.01(a)(2) above on a pro rata basis, based on the entitlement of each such Class. (4) On each Distribution Date, the Securities Administrator shall withdraw from the Distribution Account to the extent on deposit therein an amount equal to the Group I Interest Remittance Amount, and the Group II Interest Remittance Amount remaining after the distributions required by clauses (2) and (3) above and make the following disbursements and transfers in the order of priority described below, in each case to the extent of the Group I Interest Remittance Amount and Group II Interest Remittance Amount remaining for such Distribution Date: sequentially, to the Holders of the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class B-1, Class B-2 and Class B-3 Certificates, in that order, the Interest Distribution Amount allocable to each such Class. (5) On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, the Securities Administrator shall withdraw from the Distribution Account to the extent on deposit therein an amount equal to the Group I Principal Distribution Amount and the Group II Principal Distribution Amount and distribute to the Certificateholders the following amounts, in the following order of priority:

Distributions. (a) (1)(A1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Certificate Account and distributed to the holders of the Class R-I CertificatesInterest, as the case may be: (i) first, to the Holders of REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP)LTAA, REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTA3, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9, REMIC I Regular Interest I-LTM10, REMIC I Regular Interest I-LTM11 and REMIC I Regular Interest I-LTZZ, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 LTZZ shall be reduced when the sum of the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 LTZZ Uncertificated Interest Deferral Amount; andAmount and such amounts will be payable to the Holders of REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular ▇▇▇▇▇▇▇▇ ▇-▇▇▇▇, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9, REMIC Regular Interest I-LTM10 and REMIC I Regular Interest I-LTM11 in the same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Certificates and the Uncertificated Balance of REMIC I Regular Interest I-LTZZ shall be increased by such amount; (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Datesecond, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below):follows: (a) 98.00% of such remainder (less the amount payable in clause (e) below), to the Holders of the REMIC I Regular Interest I-LT1LTAA, 98.00until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero; 2% of such remainder; (b) , first to the Holders of the REMIC I Regular Interest I-LT2LTA1, REMIC I Regular Interest I-LT3LTA2, REMIC I Regular Interest I-LT4 LTA3, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9, REMIC Regular Interest I-LTM10 and REMIC I Regular Interest I-LT5LTM11, 1.00% of such remainder, and in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) , until the Uncertificated Balances of such REMIC I Regular Interests are reduced to zero; and second, to the Holders of the REMIC I Regular Interest I-LT6LTZZ, 1.00% (less the amount payable in clause (c) below), until the Uncertificated Balance of such remainderREMIC I Regular Interest is reduced to zero; andthen (db) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Prepayment Charge Schedule or any Distribution Date thereafterthereafter until $100 has been distributed pursuant to this clause; and (c) any remaining amount to the Holders of the Class R Certificates (as Holder of the Class R-I Interest); provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a an Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT6LTZZ, respectively. (2) On each Distribution Date, the Trustee shall withdraw from the Certificate Account an amount equal to the Interest Remittance Amount and distribute to the Certificateholders the following amounts, in the following order of priority: (i) to the Holders of each Class of the Class A Certificates, on a pro rata basis based on the entitlement of each such Class, an amount equal to the Senior Interest Distribution Amount allocable to such Class of the Class A Certificates; and (ii) sequentially, to the Holders of the Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class M-4 Certificates, Class M-5 Certificates, Class M-6 Certificates, Class M-7 Certificates, Class M-8 Certificates, Class M-9 Certificates, Class M-10 Certificates and Class M-11 Certificates, in that order, an amount equal to the Interest Distribution Amount allocable to each such Class. (3) On each Distribution Date, the Trustee shall withdraw from the Certificate Account an amount equal to the Principal Distribution Amount and distribute to the Certificateholders the following amounts, in the following order of priority: (A) On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, the Principal Distribution Amount shall be distributed in the following order of priority: (i) sequentially, to the Holders of the Class A-1 Certificates, Class A-2 Certificates and Class A-3 Certificates, in that order, until the aggregate Certificate Principal Balance of the Class A Certificates has been reduced to zero; and (ii) sequentially, to the holders of the Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class M-4 Certificates, Class M-5 Certificates, Class M-6 Certificates, Class M-7 Certificates, Class M-8 Certificates, Class M-9 Certificates, Class M-10 Certificates and Class M-11 Certificates, in that order, until the Certificate Principal Balance of each such Class has been reduced to zero. (B) On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, the Principal Distribution Amount shall be distributed in the following order of priority: (i) sequentially, to the Holders of the Class A-1 Certificates, Class A-2 Certificates and Class A-3 Certificates, in that order, up to an amount equal to the Class A Principal Distribution Amount, until the aggregate Certificate Principal Balance of the Class A Certificates has been reduced to zero; and (ii) sequentially, to the Holders of the Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class M-4 Certificates, Class M-5 84 Certificates, Class M-6 Certificates, Class M-7 Certificates, Class M-8 Certificates, Class M-9 Certificates, Class M-10 Certificates and Class M-11 Certificates, in that order, up to an amount equal to the related Class M Principal Distribution Amount until the Certificate Principal Balances of each such class has been reduced to zero. (4) On each Distribution Date, the Net Monthly Excess Cashflow shall be distributed by the Trustee as follows, in each case to the extent not covered by amounts from the Swap Agreement: (i) to the Holders of the Class or Classes of Certificates then entitled to receive distributions in respect of principal, as part of the Principal Distribution Amount in an amount equal to the Overcollateralization Increase Amount for the Certificates, applied to reduce the Certificate Principal Balance of such Certificates until the aggregate Certificate Principal Balance of such Certificates is reduced to zero; (ii) sequentially, to the Holders of the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6 Certificates, Class M-7 Certificates, Class M-8 Certificates, Class M-9 Certificates, Class M-10 Certificates and Class M-11 Certificates in that order, in each case, in an amount equal to the Interest Carry Forward Amount allocable to such Class of Certificates; (iii) on a pro-rata basis to the Class A-1 Certificates, Class A-2 Certificates and Class A-3 Certificates, and sequentially to the Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class M-4 Certificates, Class M-5 Certificates, Class M-6 Certificates, Class M-7 Certificates, Class M-8 Certificates, Class M-9 Certificates, Class M-10 Certificates and Class M-11 Certificates, in that order, in each case up to the related Allocated Realized Loss Amount related to each such Class of Certificates for such Distribution Date; (iv) to the Holders of the Class A Certificates and the Mezzanine Certificates, any related unpaid Net WAC Rate Carryover Amount distributed to the Class A Certificates, on a pro rata basis based on the remaining Net WAC Rate Carryover Amount for each such Class and then to the Class of Mezzanine Certificates with the next Highest Priority; (v) to pay any Swap Termination Payments owed to the Swap Counterparty due to a Swap Counterparty Trigger Event; (vi) to the Holders of the Class CE Certificates, (a) the Interest Distribution Amount and any Overcollateralization Reduction Amount for such Distribution Date and (b) on any Distribution Date on which the aggregate Certificate Principal Balance of the Class A Certificates and the Mezzanine Certificates have been reduced to zero, any remaining amounts in reduction of the

Distributions. (a) (1)(A) On each Distribution Date, the Trustee (or the Paying Agent on behalf of the Trustee) shall allocate the Available Distribution Amount to the various Subaccounts, in the following amounts, manner and in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may be: (i) First, concurrently, to the Holders of REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP)each Senior Subaccount, in an amount equal to (A) the Uncertificated first, its Interest Distribution Amount for such Distribution Date, plus with the Available Distribution Amount being allocated among the Senior Subaccounts pro rata based on their respective Interest Distribution Amounts, and (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On second, the first related Carryover Interest Amount for such Distribution Date, if any, with the Class R-I Certificates shall be entitled to interest accrued Available Distribution Amount being allocated among the Senior Subaccounts pro rata based on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated their respective Carryover Interest in respect of REMIC I Regular Interest I-LT6 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; andAmounts; (ii) (x) on the first Distribution DateSecond, to the Holders of Senior Subaccounts, the Senior Principal Distribution Amount allocated sequentially to the Senior Subaccounts first to the Class R-I Certificates, the Certificate Principal Balance thereof and R Subaccount (yiii) on each Distribution DateThird, to the Holders of REMIC I Regular InterestsClass B-1 Subaccount, in an amount equal to the remainder of the Available related Interest Distribution Amount for such Distribution Date after the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of such remainderDate; (biv) Fourth, to the Holders of the REMIC I Regular Interest I-LT2Class B-1 Subaccount, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates' Pro Rata Portion of the Subordinate Principal Distribution Amount in reduction of the related Subaccount Principal Balance, until it has been reduced to zero; (cv) Fifth, to the Holders Class B-2 Subaccount, the related Interest Distribution Amount for such Distribution Date; (vi) Sixth, to the Class B-2 Subaccount, the Corresponding Certificates' Pro Rata Portion of the REMIC I Regular Interest I-LT6Subordinate Principal Distribution Amount in reduction of the related Subaccount Principal Balance, 1.00% of such remainder; anduntil it has been reduced to zero; (dvii) Seventh, to the Holders Class B-3 Subaccount, the related Interest Distribution Amount for such Distribution Date; (viii) Eighth, to the Class B-3 Subaccount, the Corresponding Certificates' Pro Rata Portion of the REMIC I Regular Interest I-LTP, $100 on the Subordinate Principal Distribution Date immediately following the expiration Amount in reduction of the latest Prepayment Charge term as identified on related Subaccount Principal Balance, until it has been reduced to zero; (ix) Ninth, to the Mortgage Loan Schedule or any Class B-4 Subaccount, the related Interest Distribution Date thereafter; providedAmount for such Distribution Date; (x) Tenth, howeverto the Class B-4 Subaccount, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders the Corresponding Certificates' Pro Rata Portion of the REMIC I Regular Subordinate Principal Distribution Amount in reduction of the related Subaccount Principal Balance, until it has been reduced to zero; (xi) Eleventh, to the Class B-5 Subaccount, the related Interest I-LT1 and REMIC I Regular Distribution Amount for such Distribution Date; (xii) Twelfth, to the Class B-5 Subaccount, the Corresponding Certificates' Pro Rata Portion of the Subordinate Principal Distribution Amount in reduction of the related Subaccount Principal Balance, until it has been reduced to zero; (xiii) Thirteenth, to the Class B-6 Subaccount, the related Interest I-LT6, respectively.Distribution Amount for such Distribution Date;

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders Holders of the Class R Certificates (in respect of the Class R-I CertificatesInterest), as the case may be: With respect to the Group I Mortgage Loans: (i) to the Holders of REMIC I Regular Interests (other than Interest I-LT1, REMIC I Regular Interest I-LTP), LT1PF and REMIC I Regular Interest I-LTP in an amount equal to (A) the Uncertificated Interest for each REMIC I Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; and; (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below): (a) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of such remainder; (b) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainder; and (d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Prepayment Charge Schedule or any Distribution Date thereafterthereafter until $100 has been distributed pursuant to this clause; provided, however, that 98.00% and 2.00% of any principal payments that are attributable and (iii) to a Overcollateralization Reduction Amount shall be allocated to the Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6LT1PF, respectivelyin an amount equal to the remainder of the Available Funds for such Distribution Date after the distributions made pursuant to clause (i) above, allocated as follows: (a) to the Holders of REMIC I Regular Interest I-LT1, until the Uncertificated Balance of REMIC I Regular Interest I-LT1 is reduced to zero; (b) to the Holders of REMIC I Regular Interest I-LT1PF, until the Uncertificated Balance of REMIC I Regular Interest I-LT1PF is reduced to zero; and (c) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-I Interest); provided, however, that for the first three Distribution Dates, such amounts relating to the Initial Group I Mortgage Loans shall be allocated to REMIC I Regular Interest I-LT1 and such amounts relating to the Subsequent Group I Mortgage Loans shall be allocated to REMIC I Regular Interest I-LT1PF. With respect to the Group II Mortgage Loans: (i) to the Holders of REMIC Regular Interest I-LT2 and REMIC I Regular Interest I-LT2PF in an amount equal to (A) the Uncertificated Interest for each REMIC I Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates; and (ii) to the Holders of REMIC I Regular Interest I-LT2 and REMIC I Regular Interest I-LT2PF, in an amount equal to the remainder of the Available Funds for such Distribution Date after the distributions made pursuant to clause (i) above, allocated as follows: (a) to the Holders of REMIC I Regular Interest I-LT2, until the Uncertificated Balance of REMIC I Regular Interest I-LT2 is reduced to zero; (b) to the Holders of REMIC I Regular Interest I-LT2PF, until the Uncertificated Balance of REMIC I Regular Interest I-LT2PF is reduced to zero; and (c) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-I Interest); provided, however, that for the first three Distribution Dates, such amounts relating to the Initial Group II Mortgage Loans shall be allocated to REMIC I Regular Interest I-LT2 and such amounts relating to the Subsequent Group II Mortgage Loans shall be allocated to REMIC I Regular Interest I-LT2PF. On each Distribution Date, all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period shall be distributed by REMIC I to the Holders of REMIC I Regular Interest I-LTP. The payment of the foregoing amounts to the Holders of REMIC I Regular Interest I-LTP shall not reduce the Uncertificated Balance thereof.

Distributions. (a) On each Distribution Date, the Trustee (1)(Aor the Paying Agent on behalf of the Trustee) shall allocate and distribute the Group I Available Distribution Amount and Group II Available Distribution Amount (in each case, to the extent on deposit in the Certificate Account) for such date to the interests issued in respect of each REMIC as specified in this Section. (1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II III on account of the REMIC I III Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may beInterests: (i) to the extent of the Group I Available Distribution Amounts, first, (A) to the Holders of REMIC I III Regular Interests LTB, in an amount equal to (other than x) the Uncertificated Accrued Interest for such Distribution Date, plus (y) any amounts in respect thereof remaining unpaid from previous Distribution Dates and (B) to the Holders of the REMIC I III Regular Interests LTB, any prepayment charges received on the Mortgage Loans during the related Prepayment Period; and second, to Holders of REMIC III Regular Interest I-LTP), LTA in an amount equal to (A) the Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I III Regular Interests, in an amount equal to the remainder of the Group I Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses clause (i) above, allocated in the following order of priority: (A) to the Holders of REMIC III Regular Interest LTA, until the Uncertificated Principal Balance of REMIC III Regular Interest LTA is reduced to zero; (B) to the Holders of REMIC III Regular Interests LTB sequentially in the order of their numerical designation, until the Uncertificated Principal Balance of each successive REMIC III Regular Interest LTB is reduced to zero; and (C) any remaining amount to the Holders of the Class R-III Certificates. (2) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC II and REMIC III to REMIC IV on account of the REMIC IV Regular Interests: (i) first, (A) to the extent of the Group I Available Distribution Amount and Group II Available Distribution Amount, to the Holders of REMIC IV Regular Interests LTA-IO, in an amount equal to (x) their Uncertificated Accrued Interest for such Distribution Date, plus (y) any amounts in respect thereof remaining unpaid from previous Distribution Dates and (ii)(xB) pro rata to the Holders of the REMIC IV Regular Interests LTA-IO, any prepayment charges received on the Mortgage Loans during the related Prepayment Period; and second, (2) to the Holders of REMIC IV Regular Interest LT1, REMIC IV Regular Interest LT2, REMIC IV Regular Interest LT3, REMIC IV Regular Interest LT4, REMIC IV Regular Interest LT5, REMIC IV Regular Interest LT6, REMIC IV Regular Interest LT7, REMIC IV Regular Interest LT8, REMIC IV Regular Interest LT9, REMIC IV Regular Interest LT10, REMIC IV Regular Interest LT11, and REMIC IV Regular Interest LT12, pro rata, in an amount equal to (A) their Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates; and (ii) on each Distribution Date, to the Holders of REMIC IV Regular Interests, in an amount equal to the remainder of the proceeds relating to the REMIC IV Regular Interests after the distributions made pursuant to clause (i) above, allocated as follows (except as provided below): (aA) to the Holders of the REMIC I IV Regular Interest I-LT1LT2, 98.00% of such remainderREMIC IV Regular Interest LT3, REMIC IV Regular Interest LT4, REMIC IV Regular Interest LT5, REMIC IV Regular Interest LT6, REMIC IV Regular Interest LT7, REMIC IV Regular Interest LT8, REMIC IV Regular Interest LT9, REMIC IV Regular Interest LT10, REMIC IV Regular Interest LT11, and REMIC IV Regular Interest LT12, their respective Principal Distribution Amounts; (bB) to the Holders of the REMIC I IV Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in LT1 any remainder until the same proportion as principal payments are allocated Uncertificated Principal Balance thereof is reduced to the Corresponding Certificateszero; (cC) any remainder to the Holders of the REMIC I IV Regular Interest I-LT2, REMIC IV Regular Interest LT3, REMIC IV Regular Interest LT4, REMIC IV Regular Interest LT5, REMIC IV Regular Interest LT6, 1.00% of such remainderREMIC IV Regular Interest LT7, REMIC IV Regular Interest LT8, REMIC IV Regular Interest LT9, REMIC IV Regular Interest LT10, REMIC IV Regular Interest LT11, and REMIC IV Regular Interest LT12, pro rata according to their respective Uncertificated Principal Balances as reduced by the distributions deemed made pursuant to (i) above, until their respective Uncertificated Principal Balances are reduced to zero; and (dD) any remaining amounts to the Holders of the Class R-IV Certificates. (3) Notwithstanding the distributions on the REMIC Regular Interests described in this Section 4.02(b), distribution of funds from the Certificate Account shall be made only in accordance with Sections 4.02(c) and (d). (c) On each Distribution Date (x) the Master Servicer on behalf of the Trustee or (y) the Paying Agent appointed by the Trustee, shall distribute to each Certificateholder of record on the next preceding Record Date (other than as provided in Section 9.01 respecting the final distribution) either in immediately available funds (by wire transfer or otherwise) to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor, if such Certificateholder has so notified the Master Servicer or the Paying Agent, as the case may be, or, if such Certificateholder has not so notified the Master Servicer or the Paying Agent by the Record Date, by check mailed to such Certificateholder at the address of such Holder appearing in the Certificate Register such Certificateholder's share (which share with respect to each Class of Certificates, shall be based on the aggregate of the Percentage Interests represented by Certificates of the applicable Class held by such Holder of the following amounts), in the following order of priority, in each case to the extent of the Group I Regular Available Distribution Amount on deposit in the Certificate Account (or, with respect to clause (xvi)(B) below, to the extent of prepayment charges on deposit in the Certificate Account): (i) to the Class A-I Certificateholders, from the amount, if any, of the Group I Available Distribution Amount, the related Accrued Certificate Interest payable on such Certificates with respect to such Distribution Date, plus any related Accrued Certificate Interest remaining unpaid from any prior Distribution Date; (ii) to the Class A-I Certificateholders (other than the Class A-I-LTPIO Certificateholders), $100 the Group I Principal Distribution Amount (other than the amounts described in clauses (b)(iv) and (v) of the definition thereof), which amount shall be allocated in the manner and priority set forth in Section 4.02(e) below, until the aggregate Certificate Principal Balance of each Class of Class A-I Certificates has been reduced to zero; (iii) to the Class A-I Certificateholders (other than the Class A-I-IO Certificateholders), from the Group I Excess Cash Flow, an amount equal to the principal portion of Realized Losses (other than Excess Realized Losses) on the Group I Loans during the immediately preceding Due Period, which amount shall be included in the Group I Principal Distribution Date immediately following Amount and allocated in the expiration manner and priority set forth in Section 4.02(e) below, until the aggregate Certificate Principal Balance of each Class of Class A-I Certificates has been reduced to zero; (iv) to the Class A-II Certificateholders, from the amount, if any, of the latest Prepayment Charge term as identified Group I Excess Cash Flow remaining after the foregoing distributions, an amount equal to the principal portion of Realized Losses (other than Excess Realized Losses) on the Mortgage Loan Schedule or any Group II Loans during the immediately preceding Due Period, to the extent not covered by distributions of the Group II Excess Cash Flow on such Distribution Date thereafter; providedDate, howeverwhich amount shall be included in the Group II Principal Distribution Amount and allocated in the manner and priority set forth in Section 4.02(f) below, that 98.00% and 2.00% until the aggregate Certificate Principal Balance of each Class of Class A-II Certificates has been reduced to zero; (v) to the Certificate Insurer, from the amount, if any, of the Group I Excess Cash Flow remaining after the foregoing distributions, the amount of any principal payments Group I Cumulative Insurance Payments; (vi) to the Certificate Insurer, from the amount, if any, of the Group I Excess Cash Flow remaining after the foregoing distributions, the amount of any Group II Cumulative Insurance Payments, to the extent not covered by distributions of the Group II Excess Cash Flow on such Distribution Date; (vii) to the Class A-I Certificateholders (other than the Class A-I-IO Certificateholders), from the amount, if any, of the Group I Excess Cash Flow remaining after the foregoing distributions, the Group I Overcollateralization Increase Amount, which amount shall be included in the Group I Principal Distribution Amount and allocated in the manner and priority set forth in Section 4.02(e) below, until the aggregate Certificate Principal Balance of each Class of Class A-I Certificates has been reduced to zero; (viii) to the Class A-II Certificateholders, from the amount, if any, of the Group I Excess Cash Flow remaining after the foregoing distributions, the Group II Overcollateralization Increase Amount for such Distribution Date, to the extent not covered by distributions of the Group II Excess Cash Flow on such Distribution Date, which amount shall be included in the Group II Principal Distribution Amount and allocated in the manner and priority set forth in Section 4.02(f) below, until the aggregate Certificate Principal Balance of each Class of Class A-II Certificates has been reduced to zero; (ix) to the Class A-I Certificateholders, from the amount, if any, of the Group I Excess Cash Flow remaining after the foregoing distributions, the amount of any Prepayment Interest Shortfalls with respect to the Group I Loans for that are attributable Distribution Date, to a Overcollateralization Reduction Amount the extent not covered by Compensating Interest on such Distribution Date, which amount shall be allocated to Holders the Class A-I Certificateholders on a pro rata basis, based on the amount of Accrued Certificate Interest thereon for such Distribution Date; (x) to the Class A-II Certificateholders, from the amount, if any, of the Group I Excess Cash Flow remaining after the foregoing distributions, the amount of any Prepayment Interest Shortfalls with respect to the Group II Loans for that Distribution Date, to the extent not covered by Compensating Interest and distributions of the Group II Excess Cash Flow on such Distribution Date, which amount shall be allocated to the Class A-II Certificateholders on a pro rata basis, based on the amount of Accrued Certificate Interest thereon for such Distribution Date; (xi) to the Class A-I Certificateholders, from the amount, if any, of the Group I Excess Cash Flow remaining after the foregoing distributions, the amount of any Prepayment Interest Shortfalls allocated thereto remaining unpaid from prior Distribution Dates together with interest thereon at the related Pass-Through Rates, which amount shall be allocated to the Class A-I Certificateholders on a pro rata basis, based on the amount of Prepayment Interest Shortfalls remaining unpaid; (xii) to the Class A-II Certificateholders, from the amount, if any, of the Group I Excess Cash Flow remaining after the foregoing distributions, the amount of any Prepayment Interest Shortfalls allocated thereto remaining unpaid from prior Distribution Dates together with interest thereon at the related Pass-Through Rates, to the extent not covered by distributions of the Group II Excess Cash Flow on such Distribution Date, which amount shall be allocated to the Class A-II Certificateholders on a pro rata basis, based on the amount of Prepayment Interest Shortfalls remaining unpaid, to the extent not covered by the Group II Excess Cash Flow on such Distribution Date; (xiii) to the Class A-I Certificateholders, from the amount, if any, of the Group I Excess Cash Flow remaining after the foregoing distributions, the amount of any Group I Net WAC Cap Shortfalls on such Certificates, which amount shall be allocated to the Class A-I Certificateholders on a pro rata basis, based on their respective Group I Net WAC Cap Shortfalls for such Distribution Date; (xiv) to the Class A-II Certificateholders, from the amount, if any, of the Group I Excess Cash Flow remaining after the foregoing distributions, the amount of any Class A-II-A Basis Risk Shortfalls or Class A-II-B Basis Risk Shortfalls, to the extent not covered by distributions of the Group II Excess Cash Flow or the related Hedge Payments on such Distribution Date, on a pro rata basis, based on their respective Class A-II-A Basis Risk Shortfalls or Class A-II-B Basis Risk Shortfalls for such Distribution Date; (xv) to the Depositor, for any amounts advanced with respect to Mortgage Insurance Premium Taxes Reserve Fund Deposit, from the amount, if any, of the Group I Excess Cash Flow remaining after the foregoing distributions; (xvi) to the Class SB-I Certificates, (A) from the amount, if any, of the Group I Excess Cash Flow remaining after the foregoing distributions, the sum of (I) Accrued Certificate Interest thereon, (II) the amount of any related Overcollateralization Reduction Amount for such Distribution Date and (III) for any Distribution Date after the Certificate Principal Balance of each Class of Class A Certificates has been reduced to zero, the Group I Overcollateralization Amount, and (B) from prepayment charges on deposit in the Certificate Account, any prepayment charges received on the Mortgage Loans during the related Prepayment Period; and (xvii) to the Class R-V Certificateholders, the balance, if any, of the Group I Excess Cash Flow. (d) On each Distribution Date (x) the Master Servicer on behalf of the Trustee or (y) the Paying Agent appointed by the Trustee, shall distribute to each Certificateholder of record on the next preceding Record Date (other than as provided in Section 9.01 respecting the final distribution) either in immediately available funds (by wire transfer or otherwise) to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor, if such Certificateholder has so notified the Master Servicer or the Paying Agent, as the case may be, or, if such Certificateholder has not so notified the Master Servicer or the Paying Agent by the Record Date, by check mailed to such Certificateholder at the address of such Holder appearing in the Certificate Register such Certificateholder's share (which share with respect to each Class of Certificates, shall be based on the aggregate of the Percentage Interests represented by Certificates of the applicable Class held by such Holder of the following amounts), in the following order of priority, in each case to the extent of the Group II Available Distribution Amount on deposit in the Certificate Account (except, with respect to clause (i) below, to the extent of the related Class A-II Interest Distribution Amount, and with respect to clauses (ii), (xiv) and (xvii) below, to the extent of the remaining Available Distribution Amount plus the remaining Hedge Payment or, with respect to clause (xvii)(B) below, to the extent of prepayment charges on deposit in the Certificate Account): (i) to the Class A-II Certificateholders, the Group II REMIC I Regular Interest IDistribution Amount payable on the Class A-LT1 II Certificates with respect to such Distribution Date, plus any related amounts accrued pursuant to this clause (i) but remaining unpaid from any prior Distribution Date, on a pro rata basis, based upon the amount of Group II REMIC Interest Distribution Amount due thereon, being paid from and in reduction of the Group II Available Distribution Amount; (ii) (A) to the Class A-II-A Certificateholders, the related Accrued Certificate Interest in excess of the related Group II REMIC I Regular Interest IDistribution Amount, being paid from and in reduction of the related Hedge Payment for such Distribution Date and (B) to the Class A-LT6II-B Certificateholders, respectively.the

Distributions. (a) On each Distribution Date, the Trustee (1)(Aor the Paying Agent on behalf of the Trustee) shall allocate and distribute the Available Distribution Amount, if any, for such date to the interests issued in respect of REMIC I and REMIC II as specified in this Section. (1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may beInterests: (i) to the extent of the Available Distribution Amount (other than the portion of the Available Distribution Amount described in clause (a)(vi) of the definition of Available Distribution Amount), to the Holders of the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP)Interests, pro rata, in an amount equal to (A) the related Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Accrued Interest in respect of REMIC I Regular Interest I-LT6 ZZ shall be reduced when the REMIC I Overcollateralized Overcollateralization Amount is less than the REMIC I Required Overcollateralized Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the REMIC I Regular Interest ZZ Maximum I-LT6 Uncertificated Interest Deferral Amount, and such amount will be payable to the Holders of REMIC I Regular Interests A-1, A-2, A-3, M-1, M-2, M-3, M-4, ▇-▇, ▇-▇, ▇-▇, ▇-▇, ▇-▇ ▇▇▇ ▇-▇▇ ▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇tion as the Overcollateralization Increase Amount is allocated to the corresponding Class of Certificates, and the Uncertificated Principal Balance of the REMIC I Regular Interest ZZ shall be increased by such amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such (other than the portion of the Available Distribution Date Amount described in clause (a)(vi) of the definition of Available Distribution Amount) after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below): ): (aA) to the Holders of the REMIC I Regular Interest I-LT1AA, 98.00% of such remainder; remainder until the Uncertificated Principal Balance of such REMIC I Regular Interest is reduced to zero; (bB) to the Holders of REMIC I Regular Interests A-1, A-2, A-3, M-1, M-2, M-3, M-▇, ▇-▇, ▇-▇, ▇-▇, ▇-▇, ▇-▇ ▇▇▇ ▇-10, 1.00% of such remainder in the same proportion as amounts are distributed in respect of principal on the corresponding Class of Certificates; (C) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) to the Holders of the REMIC I Regular Interest I-LT6ZZ, 1.00% of such remainder; and and (dD) any remaining amounts to the Holders of the REMIC Class R-I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafterCertificates; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a an Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 AA and REMIC I Regular Interest I-LT6ZZ, respectively; (2) Notwithstanding the distributions described in this Section 4.02(b), distribution of funds from the Certificate Account shall be made only in accordance with Section 4.02(c). (c) On each Distribution Date (x) the Master Servicer on behalf of the Trustee or (y) the Paying Agent appointed by the Trustee, shall distribute to each Certificateholder of record on the next preceding Record Date (other than as provided in Section 9.01 respecting the final distribution) either in immediately available funds (by wire transfer or otherwise) to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor, if such Certificateholder has so notified the Master Servicer or the Paying Agent, as the case may be, or, if such Certificateholder has not so notified the Master Servicer or the Paying Agent by the Record Date, by check mailed to such Certificateholder at the address of such Holder appearing in the Certificate Register such Certificateholder's share (which share with respect to each Class of Certificates, shall be based on the aggregate of the Percentage Interests represented by Certificates of the applicable Class held by such Holder of the following amounts, in the following order of priority, subject to the provisions of Section 4.02(d)), in each case to the extent of the Available Distribution Amount on deposit in the Certificate Account (or, with respect to clause (xxii)(B) below, to the extent of prepayment charges on deposit in the Certificate Account and (ii) with respect to clauses (i) through (xi) below, to the extent of the Available Distribution Amount (other than the portion of the Available Distribution Amount described in clause (a)(vi) of the definition of Available Distribution Amount)) and to the extent not covered by amounts on deposit in the Swap Account: (i) to the Class A Certificateholders, the Class A Interest Distribution Amount, with such amount allocated among the Class A Certificateholders on a pro rata basis; (ii) to the Class M-1 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-1 Interest Distribution Amount; (iii) to the Class M-2 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-2 Interest Distribution Amount; (iv) to the Class M-3 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-3 Interest Distribution Amount; (v) to the Class M-4 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-4 Interest Distribution Amount; (vi) to the Class M-5 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-5 Interest Distribution Amount; (vii) to the Class M-6 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-6 Interest Distribution Amount; (viii) to the Class M-7 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-7 Interest Distribution Amount; (ix) to the Class M-8 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-8 Interest Distribution Amount; (x) to the Class M-9 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-9 Interest Distribution Amount; (xi) to the Class M-10 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-10 Interest Distribution Amount; (xii) to the Class A and Class M Certificateholders, from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Principal Distribution Amount (other than the amounts set forth in clauses (b)(iv), (b)(v), and (b)(vi) of the definition thereof), in the order of priority described in Section 4.02(d) hereof, until the Certificate Principal Balances of the Class A and Class M Certificates have been reduced to zero; (xiii) to the Class A and Class M Certificateholders, from the amount, if any, of Excess Cash Flow, an amount equal to the principal portion of Realized Losses previously allocated to reduce the Certificate Principal Balance of any Class of the Class A and Class M Certificates and remaining unreimbursed, but only to the extent of Subsequent Recoveries for that Distribution Date, which amount shall be included in the Principal Distribution Amount and paid in accordance with Section 4.02(d) hereof, until the Certificate Principal Balances of the Class A and Class M Certificates have been reduced to zero; (xiv) to the Class A and Class M Certificateholders, from the amount, if any, of Excess Cash Flow remaining after the foregoing distributions, an amount equal to the principal portion of Realized Losses on the Mortgage Loans during the immediately preceding Prepayment Period, which amount shall be included in the Principal Distribution Amount and paid in accordance with Section 4.02(d) hereof, until the Certificate Principal Balances of the Class A and Class M Certificates have been reduced to zero; (xv) to the Class A and Class M Certificateholders, from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the Overcollateralization Increase Amount for such Distribution Date, which amount shall be included in the Principal Distribution Amount and paid in accordance with Section 4.02(d) hereof, until the Certificate Principal Balances of the Class A and Class M Certificates have been reduced to zero to the extent not covered by any payments under the Swap Agreement pursuant to Section 4.09(c)(B); (xvi) to the Class A and Class M Certificateholders from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the amount of any Prepayment Interest Shortfalls allocated thereto for such Distribution Date, on a pro rata basis based on Prepayment Interest Shortfalls previously allocated thereto that remain unreimbursed, to the extent not covered by Eligible Master Servicing Compensation on such Distribution Date to the extent not covered by any payments under the Swap Agreement pursuant to Section 4.09(c)(C); (xvii) to the Class A and Class M Certificateholders from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the amount of any Prepayment Interest Shortfalls previously allocated thereto on any prior Distribution Date that remain unreimbursed, together with interest thereon at the applicable Pass-Through Rate, on a pro rata basis based on Prepayment Interest Shortfalls previously allocated thereto that remain unreimbursed to the extent not covered by any payments under the Swap Agreement pursuant to Section 4.09(c)(D); (xviii) from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, to pay the Class A Certificates, on a pro rata basis, based on the amount of Class A Basis Risk Shortfall Carry-Forward Amount previously allocated thereto that remain unreimbursed, the amount of any Class A Basis Risk Shortfall Carry-Forward Amounts remaining unpaid as of such Distribution Date, then to the Class M Certificates, in their order of payment priority, the amount of any Class M Basis Risk Shortfall Carry-Forward Amounts remaining unpaid as of such Distribution Date in each case to the extent not covered by any payments under the Swap Agreement pursuant to Section 4.09(c)(E); (xix) to the Class A and Class M Certificates on a pro rata basis, based on the amount of Relief Act Shortfalls allocated thereto on such Distribution Date, from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the amount of any Relief Act Shortfalls allocated to those Certificates with respect to such Distribution Date to the extent not covered by any payments under the Swap Agreement pursuant to Section 4.09(c)(F); (xx) to the Class A and Class M Certificateholders, from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the principal portion of any Realized Losses previously allocated to those Certificates and remaining unreimbursed, which amount shall be allocated first, to the Class A Certificateholders on a pro rata basis, based on their respective principal portion of any Realized Losses previously allocated thereto that remain unreimbursed, then to the Class M Certificates, in their order of payment priority; (xxi) from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, to the Swap Account for Payment to the Swap Counterparty, any Swap Termination Payment owed by the Trust Fund due to a Swap Counterparty Trigger Event; (xxii) to the Class SB Certificates, (A) from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the sum of (I) Accrued Certificate Interest thereon, (II) the amount of any Overcollateralization Reduction Amount for such Distribution Date and (III) for any Distribution Date after the Certificate Principal Balance of each Class of Class A Certificates and Class M Certificates has been reduced to zero, the Overcollateralization Amount and (B) from prepayment charges on deposit in the Certificate Account, any prepayment charges received on the Mortgage Loans during the related Prepayment Period; and (xxiii) to the Class R-II Certificateholders, the balance, if any, of the Excess Cash Flow. (d) On each Distribution Date, the Principal Distribution Amount will be paid as follows: (i) the Class A Principal Distribution Amount shall be distributed, sequentially, to the Class A-1, Class A-2 and Class A-3 Certificates, in that order, in each case until the Certificate Principal Balances thereof have been reduced to zero; (ii) the Class M-1 Principal Distribution Amount shall be distributed to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (iii) the Class M-2 Principal Distribution Amount shall be distributed to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (iv) the Class M-3 Principal Distribution Amount shall be distributed to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (v) the Class M-4 Principal Distribution Amount shall be distributed to the Class M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (vi) the Class M-5 Principal Distribution Amount shall be distributed to the Class M-5 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (vii) the Class M-6 Principal Distribution Amount shall be distributed to the Class M-6 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (viii) the Class M-7 Principal Distribution Amount shall be distributed to the Class M-7 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (ix) the Class M-8 Principal Distribution Amount shall be distributed to the Class M-8 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; and (x) the Class M-9 Principal Distribution Amount shall be distributed to the Class M-9 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. (xi) the Class M-10 Principal Distribution Amount shall be distributed to the Class M-10 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. (e) Notwithstanding the foregoing clauses (c) and (d), upon the reduction of the Certificate Principal Balance of a Class of Class A or Class M Certificates to zero, such Class of Certificates will not be entitled to further distributions pursuant to Section 4.02 (other than in respect of Subsequent Recoveries). (f) Any Prepayment Interest Shortfalls on the Mortgage Loans which are not covered by Eligible Master Servicing Compensation as described in Section 3.16 and Relief Act Shortfalls on the Mortgage Loans will be allocated among the Class A and Class M Certificates pro rata in accordance with the amount of Accrued Certificate Interest payable on such Distribution Date absent such shortfalls. Any such uncovered Prepayment Interest Shortfalls will be paid solely pursuant to Section 4.02(c)(xvi) and (xvii) and Section 4.09(c)(C) and (D) to the extent funds are available therefor. Any such Relief Act Shortfalls will be paid solely pursuant to Section 4.02(c)(xix) and Section 4.09(c)(F) to the extent funds are available therefor. (g) 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). (h) Each distribution with respect to a Book-Entry Certificate shall be paid to the Depository, as Holder thereof, and the Depository shall be responsible for crediting the amount of such distribution to the accounts of its Depository Participants in accordance with its normal procedures. Each Depository Participant shall be responsib

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests and distributed to the holders of the Class R Certificates (in respect of the Class R-I Interest), as the case may be: (i) to Holders of REMIC I Regular Interest I, REMIC I Regular Interest I-1-A through I-59-B, pro rata, in an amount equal to (A) Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates. (ii) to the extent of amounts remaining after the distributions made pursuant to clause (1) above, payments of principal shall be allocated as follows: (A) first, to REMIC I Regular Interest I and then to REMIC I Regular Interests I-1-A through I-59-B starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such payments of principal shall be allocated pro rata between such REMIC I Regular Interests and (B) second, to the extent of any Overcollateralization Reduction Amounts, first to REMIC I Regular Interest I until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero, then, to REMIC I Regular Interests I-1-A through I-59-B starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such Overcollateralization Reduction Amounts shall be allocated pro rata between such REMIC I Regular Interests. (iii) to the Holders of REMIC I Regular Interest I-LTP, (A) all amounts representing Prepayment Charges (other than any Originator Prepayment Charge Payment Amount) in respect of the Mortgage Loans received during the related Prepayment Period and (B) on the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter until $100 has been distributed pursuant to this clause. (b) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC II to REMIC III on account of the REMIC II Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-I CertificatesII Interest), as the case may be: (i) to the Holders of REMIC I Regular Interests (other than REMIC I II Regular Interest III-LTIO, in an amount equal to (a) Uncertificated Accrued Interest for such REMIC II Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. (ii) to Holders of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10, REMIC II Regular Interest II-LTM11, REMIC II Regular Interest II-LTZZ and REMIC II Regular Interest II-LTP), pro rata, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I II Regular Interest III-LT6 LTZZ shall be reduced and deferred when the REMIC I II Overcollateralized Amount is less than the REMIC I II Required Overcollateralized Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the Maximum III-LT6 LTZZ Uncertificated Interest Deferral AmountAmount and such amount will be payable to the Holders of REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10 and REMIC II Regular Interest II-LTM11 in the same proportion as the Overcollateralization Deficiency Amount is allocated to the Corresponding Certificates and the Uncertificated Balance of REMIC II Regular Interest II-LTZZ shall be increased by such amount; and (iiiii) (x) on the first Distribution Date, to the Holders of the Class RREMIC II Regular Interest II-I CertificatesLTP, the Certificate Principal Balance thereof and (yA) on each Distribution Date, 100% of the amount paid in respect of Prepayment Charges (other than any Originator Prepayment Charge Payment Amount) and (B) on the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter until $100 has been distributed pursuant to this clause; (iv) to the Holders of the REMIC I II Regular Interests, in an amount equal to the remainder of the Available Distribution Amount Funds for such Distribution Date after the distributions made pursuant to clauses (i), (ii) and (ii)(xiii) above, allocated as follows (except as provided below):follows: (a) 98.00% of such remainder to the Holders of the REMIC I II Regular Interest III-LT1LTAA, 98.00% until the Uncertificated Balance of such remainderREMIC II Regular Interest is reduced to zero; (b) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.002.00% of such remainder, first to the Holders of REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10 and REMIC II Regular Interest II-LTM11, equal to 1.00% of and in the same proportion as principal payments are allocated to the Corresponding Certificates;, until the Uncertificated Balances of such REMIC II Regular Interests are reduced to zero and second, to the Holders of REMIC II Regular Interest II-LTZZ, 1.00%, until the Uncertificated Balance of such REMIC II Regular Interest is reduced to zero; and (c) any remaining amount to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainder; and Class R Certificates (d) to the Holders in respect of the REMIC I Regular Interest IClass R-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafterII Interest); provided, however, that (i) 98.00% and (ii) 2.00% of any principal payments that are attributable to a an Overcollateralization Reduction Release Amount shall be allocated to Holders of the (i) REMIC I II Regular Interest III-LT1 LTAA and REMIC I II Regular Interest III-LT6LTZZ, respectively; once the Uncertificated Principal Balances of REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10 and REMIC II Regular Interest II-LTM11 have been reduced to zero. On each Distribution Date, all amounts representing Prepayment Charges (other than any Originator Prepayment Charge Payment Amount) in respect of the Mortgage Loans during the related Prepayment Period will be distributed by REMIC II to the Holders of REMIC II Regular Interest II-LTP. The payment of the foregoing amounts to the Holders of REMIC II Regular Interest II-LTP shall not reduce the Uncertificated Balance thereof. On each Distribution Date, 100% of the amounts distributed on REMIC II Regular Interest II-LTIO shall be deemed distributed by REMIC II to REMIC III in respect of the Class Swap-IO Interest. Such amounts shall be deemed distributed by REMIC III to REMIC VI Regular Interest SWAP-IO and from REMIC VI Regular Interest SWAP-IO to the Swap Administrator for deposit into the Swap Account. (c) On each Distribution Date, the Trust Administrator shall withdraw from the Distribution Account that portion of Available Funds for such Distribution Date consisting of the Interest Remittance Amount for such Distribution Date, and make the following distributions in the order of priority described below, in each case to the extent of the Interest Remittance Amount remaining for such Distribution Date: (i) concurrently, to the Holders of the Class A Certificates, on a pro rata basis based on the entitlement of each such Class, the Monthly Interest Distributable Amount and the Unpaid Interest Shortfall Amount, if any, for such Certificates for such Distribution Date; and (ii) sequentially, to the Holders of the Class M-1 Certificates, the Class M-2 Certificates, the Class M-3 Certificates, the Class M-4 Certificates, the Class M-5 Certificates, the Class M-6 Certificates, the Class M-7 Certificates, the Class M-8 Certificates, the Class M-9 Certificates, the Class M-10 Certificates and the Class M-11 Certificates, in that order, the Monthly Interest Distributable Amount allocable to each such Class of Certificates. (I) On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, distributions in respect of principal to the extent of the Principal Distribution Amount shall be made in the following amounts and order of priority: (i) to the Holders of the Class A Certificates (allocated among the Class A Certificates in the priority described below), until the Certificate Principal Balances thereof have been reduced to zero; and (ii) sequentially, to the Holders of the Class M-1 Certificates, the Class M-2 Certificates, the Class M-3 Certificates, the Class M-4 Certificates, the Class M-5 Certificates, the Class M-6 Certificates, the Class M-7 Certificates, the Class M-8 Certificates, the Class M-9 Certificates, the Class M-10 Certificates and the Class M-11 Certificates, in that order, until the Certificate Principal Balances thereof have been reduced to zero. (II) On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, distributions in respect of principal to the extent of the Principal Distribution Amount shall be made in the following amounts and order of priority: (i) to the Holders of the Class A Certificates (allocated among the Class A Certificates in the priority described below), the Senior Principal Distribution Amount until the Certificate Principal Balances thereof have been reduced to zero; (ii) sequentially, to the Holders of the Class M-1 Certificates, the Class M-2 Certificates and the Class M-3 Certificates, the Sequential Class M Principal Distribution Amount until the aggregate Certificate Principal Balances thereof have been reduced to zero; (iii) to the Holders of the Class M-4 Certificates, the Class M-4 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; (iv) to the Holders of the Class M-5 Certificates, the Class M-5 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; (v) to the Holders of the Class M-6 Certificates, the Class M-6 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; (vi) to the Holders of the Class M-7 Certificates, the Class M-7 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; (vii) to the Holders of the Class M-8 Certificates, the Class M-8 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; (viii) to the Holders of the Class M-9 Certificates, the Class M-9 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; (ix) to the Holders of the Class M-10 Certificates, the Class M-10 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; and (x) to the Holders of the Class M-11 Certificates, the Class M-11 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero. With respect to the Class A Certificates, all principal distributions will be distributed sequentially to the Class A-1 Certificates, the Class A-2 Certificates, the Class A-3 Certificates and the Class A-4 Certificates, in that order, until their respective Certificate Principal Balances have been reduced to zero. Notwithstanding any provisions contained in this Agreement to the contrary, on any Distribution Date on which the aggregate Certificate Principal Balance of the Subordinate Certificates has been reduced to zero, all distributions of principal to the Class A Certificates shall be distributed concurrently to the Class A-1 Certificates, the Class A-2 Certificates, the Class A-3 Certificates and the Class A-4 Certificates, on a pro rata basis based on the Certificate Principal Balance of each such Class. (e) On each Distribution Date, the Net Monthly Excess Cashflow shall be distributed as follows: (i) to the Holders of the Class or Classes of Certificates then entitled to receive distributions in respect of principal, in an amount equal to any Extra Principal Distribution Amount, without taking into account amounts, if any, received under the Cap Contract and the Interest Rate Swap Agreement, distributable to such Holders as part of the Principal Distribution Amount, as applicable, as described under Section 4.01(b) above; (ii) sequentially, to the Holders of the Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class M-4 Certificates, Class M-5 Certificates, Class M-6 Certificates, Class M-7 Certificates, Class M-8 Certificates, Class M-9 Certificates, Class M-10 Certificates and Class M-11 Certificates, in that order, in each case first, in an amount equal to the Unpaid Interest Shortfall Amount allocable to such Certificates and second, in an amount equal to the Allocated Realized Loss Amount allocable to such Certificates; (iii) to the Net WAC Rate Carryover Reserve Account, the amount of any Net WAC Rate Carryover Amounts, without taking into account amounts, if any, received under the Cap Contract and the Interest Rate Swap Agreement; (iv) to the Swap Provider, any Swap Termination Payments resulting from a Swap Provider Trigger Event; (v) to the Holders of the Class CE Certificates, (a) the Monthly Interest Distributable Amount and any Overcollateralization Release Amount for such Distribution Date and (b) on any Distribution Date on which the aggregate Certificate Principal Balance of the Class A Certificates and the Mezzanine Certificates has been reduced to zero, any remaining amounts in reduction of the Certificate Principal Balance of the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (vi) if such Distribution Date follows the Prepayment Period during which occurs the latest date on which a Prepayment Charge may be required to be paid in respect of any Mortgage Loans, to the Holders of the Class P Certificates, in reduction of the Certificate Principal Balance thereof, until the Certificate Principal Balance thereof is reduced to zero; and (vii) any remaining amounts to the Holders of the Residual Certificates (in respect of the appropriate Class R Interest). Without limiting the provisions of Section 9.01(b), by acceptance of the Residual Certificates the Holders of the Residual Certificates agree, and it is the understanding of the parties hereto, that for so long as any of the notes issued pursuant to the Indenture are outstanding or any amounts are reimbursable or payable to the NIMS Insurer in accordance with the terms of the Indenture, to pledge their rights to receive any amounts otherwise distributable to the Holders of the Class R Certificates (and such rights are hereby assigned and trans

Distributions. (a) (1)(A1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates, in respect of the Class R-I CertificatesInterest, as the case may be: (i) to the Holders of REMIC I Regular Interests (other than Interest I-LTAA, REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTZZ and REMIC I Regular Interest I-LTP), PRO RATA, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 LTZZ shall be reduced when the REMIC I Overcollateralized Overcollateralization Amount is less than the REMIC I Required Overcollateralized Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 LTZZ Uncertificated Interest Deferral Amount; andAmount and such amount will be payable to the Holders of REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3 and REMIC I Regular Interest I-LTM4, in the same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Certificates and the Uncertificated Balance of REMIC I Regular Interest I-LTZZ shall be increased by such amount; (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount Funds for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below):follows: (aA) 98.00% of such remainder to the Holders of the REMIC I Regular Interest I-LT1LTAA, 98.00until the Uncertificated Balance of such Uncertificated REMIC I Regular Interest is reduced to zero; (B) 2.00% of such remainder; (b) remainder first to the Holders of the REMIC I Regular Interest I-LT2LTA1, REMIC I Regular Interest I-LT3LTM1, REMIC I Regular Interest I-LT4 LTM2, REMIC I Regular Interest I-LTM3 and REMIC I Regular Interest I-LT5LTM4, 1.00% of such remainder, and in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) , until the Uncertificated Balances of such REMIC I Regular Interests are reduced to zero and second to the Holders of the REMIC I Regular Interest I-LT6LTZZ, 1.00% until the Uncertificated Balance of such remainder; andREMIC I Regular Interest is reduced to zero; (dC) to the Holders of the REMIC I Regular Interest I-LTP, on the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter until $100 has been distributed pursuant to this clause; then (D) any remaining amount to the Holders of the Class R-I Interest, in respect of the Class R-I Interest; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to an Overcollateralization Reduction Amount shall be allocated to Holders of REMIC I Regular Interest I-LTAA and REMIC I Regular Interest I-LTZZ, respectively. Notwithstanding the distributions described in Section 5.01(a)(1), distributions of funds shall be made to Certificateholders only in accordance with Section 5.01(a)(2) through (5) and Section 5.01(b). (2) On each Distribution Date, the Securities Administrator shall withdraw from the Distribution Account to the extent on deposit therein an amount equal to the Interest Remittance Amount and make the following disbursements and transfers in the order of priority described below, in each case to the extent of the Interest Remittance Amount remaining for such Distribution Date: FIRST, to the Holders of the Class A-1 Certificates, the Senior Interest Distribution Amount allocable to the Class A-1 Certificates; and SECOND, sequentially, to the Holders of the Class M-1, Class M-2, Class ▇-▇ ▇▇▇ ▇▇▇▇▇ M-4, Certificates, in that order, the Interest Distribution Amount allocable to each such Class. (3) On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, the Securities Administrator shall withdraw from the Distribution Account to the extent on deposit therein an amount equal to the Principal Distribution Amount and distribute to the Certificateholders the following amounts, in the following order of priority: FIRST, to the Holders of the Class A-1 Certificates until the Certificate Principal Balance of the Class A-1 Certificates has been reduced to zero; and SECOND, sequentially, to the Holders of the Class M-1, Class M-2, Clas▇ ▇-▇ ▇▇▇ ▇▇▇▇s M-4 Certificates, in that order, until the Certificate Principal Balance of each such Class has been reduced to zero. (4) On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, the Securities Administrator shall withdraw from the Distribution Account to the extent on deposit therein an amount equal to the Principal Distribution Amount and distribute to the Certificateholders the following amounts, in the following order of priority: FIRST, to the Holders of the Class A-1 Certificates, the Class A-1 Principal Distribution Amount until the Certificate Principal Balance of the Class A-1 Certificates has been reduced to zero; SECOND, to the Holders of the Class M-1 Certificates, the lesser of (x) the excess of (i) the Principal Distribution Amount over (ii) the amount distributed to the Holders of the Class A-1 Certificates under clause FIRST above, and (y) the Class M-1 Principal Distribution Amount, until the Certificate Principal Balance of the Class M-1 Certificates has been reduced to zero; THIRD, to the Holders of the Class M-2 Certificates, the lesser of (x) the excess of (i) the Principal Distribution Amount over (ii) the sum of the amounts distributed to the Holders of the Class A-1 Certificates under clause FIRST above and to the Holders of the Class M-1 Certificates under clause SECOND above, and (y) the Class M-2 Principal Distribution Amount, until the Certificate Principal Balance of the Class M-2 Certificates has been reduced to zero; FOURTH, to the Holders of the Class M-3 Certificates, the lesser of (x) the excess of (i) the Principal Distribution Amount over (ii) the sum of the amounts distributed to the holders of the Class A-1 Certificates under clause FIRST above, to the Holders of the Class M-1 Certificates pursuant to clause SECOND above and to the Holders of the Class M-2 Certificates pursuant to clause THIRD above, and (y) the Class M-3 Principal Distribution Amount, until the Certificate Principal Balance of the Class M-3 Certificates has been reduced to zero; FIFTH, to the Holders of the Class M-4 Certificates, the lesser of (x) the excess of (i) the Principal Distribution Amount over (ii) the sum of the amounts distributed to the holders of the Class A-1 Certificates under clause FIRST above, to the Holders of the Class M-1 Certificates pursuant to clause SECOND above, to the Holders of the Class M-2 Certificates pursuant to clause THIRD above and to the Holders of the Class M-3 Certificates pursuant to clause FOURTH above and (y) the Class M-4 Principal Distribution Amount, until the Certificate Principal Balance of the Class M-4 Certificates has been reduced to zero. (5) On each Distribution Date, the Net Monthly Excess Cashflow (or, in the case of clause FIRST below, the Net Monthly Excess Cashflow exclusive of any Overcollateralization Reduction Amount) shall be distributed as follows: FIRST, to the Holders of the Class or Classes of Certificates then entitled to receive distributions in respect of principal, in an amount equal to any Extra Principal Distribution Amount, payable to such Holders in accordance with the priorities set forth in Section 5.01(b) below; SECOND, sequentially, to the Holders of the Class M-1, Class M-2, Clas▇ ▇-▇ ▇▇▇ ▇▇▇▇s M-4 Certificates, in that order, in an amount equal to the Interest Carry Forward Amount allocable to each such Class; THIRD, sequentially, to the Holders of the Class M-1, Class M-2, Class ▇-▇ ▇▇▇ ▇▇▇▇s M-4 Certificates, in that order, in an amount equal to the Allocated Realized Loss Amount allocable to each such Class; FOURTH, to the Holders of the Class A-1 Certificates, in an amount equal to such Certificates' allocated share of any Prepayment Interest Shortfalls on the related 97 Mortgage Loans to the extent not covered by payments pursuant to Section 3.22 or 4.19 and any shortfalls resulting from the application of the Relief Act or similar state or local law or the bankruptcy code with respect to the related Mortgage Loans to the extent not previously reimbursed pursuant to 1.02; FIFTH, to the Holders of the Class M-1, Class M-2, Class M-3 and ▇▇▇▇▇ M-4 Certificates, in that order, in an amount equal to such certificates' share of any Prepayment Interest Shortfalls on the Mortgage Loans to the extent not covered by payments pursuant to Sections 3.22 or Section 4.18 and any Relief Act Interest Shortfall, in each case that were allocated to such Class for such Distribution Date and for any prior Distribution Date, to the extent not previously reimbursed pursuant to Section 1.02; SIXTH, to the Reserve Fund from amounts otherwise payable to the Class CE Certificates (other than the portion of the Servicing Fee payable to the Class CE Certificates, if any, which shall be distributed to the Holders thereof), and then from the Reserve Fund to the Class A-1, Class M-1, Class M-2, Class M-3 and Class M-4 Certificates, in that order, in an amount equal to the unpaid amount of any Net WAC Rate Carryover Amount for each such Class for such Distribution Date; SEVENTH, to the Reserve Fund, the amount required to be deposited therein pursuant to Section 3.24(b), after taking into account amounts received under the Cap Contract; EIGHTH, to the Holders of the Class CE Certificates the Interest Distribution Amount and any Overcollateralization Reduction Amount for such Distribution Date; and NINTH, to the Holders of the Class R Certificates, in respect of the Class R-II Interest, any remaining amounts; provided that if such Distribution Date is the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter, then any such remaining amounts will be distributed first, to the Holders of the Class P Certificates, until the Certificate Principal Balance thereof has been reduced to zero; providedand second, howeverto the Holders of the Class R Certificates. On each Distribution Date, that 98.00% after making the distributions of the Available Distribution Amount as set forth above, the Securities Administrator will FIRST, withdraw from the Reserve Fund all income from the investment of funds in the Reserve Fund and 2.00% distribute such amount to the Holders of the Class CE Certificates, and SECOND, withdraw from the Reserve Fund, to the extent of amounts remaining on deposit therein, the amount of any principal payments Net WAC Rate Carryover Amount for such Distribution Date and distribute such amount sequentially to the Class A-1, Class M-1, Class M-2, Class M-3 and Class M-4 Certificates, in that are attributable order, in each case to the extent to the extent any Net WAC Rate Carryover Amount is allocable to each such Class. (i) On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Overcollateralization Reduction Trigger Event is in effect, the Extra Principal Distribution Amount shall be allocated distributed in the following order of priority; FIRST, to the Holders of the REMIC I Regular Class A-1 Certificates until the Certificate Principal Balance of the Class A-1 Certificates has been reduced to zero; and SECOND, sequentially, to the Holders of the Class M-1, Class M-2, Clas▇ ▇-▇ ▇▇▇ ▇▇▇▇s M-4 Certificates, in that order, until the Certificate Principal Balance of each such Class has been reduced to zero. (ii) On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, distributions of principal to the extent of the Extra Principal Distribution Amount shall be distributed in the following order of priority: FIRST, the lesser of (x) the Principal Distribution Amount and (y) the Class A-1 Principal Distribution Amount, shall be distributed to the Holders of the Class A-1 Certificates until the Certificate Principal Balance of the Class A-1 Certificates has been reduced to zero; SECOND, the lesser of (x) the excess of (i) the Principal Distribution Amount over (ii) the amount distributed to the Holders of the Class A-1 Certificates pursuant to clause FIRST of this Section 5.01(b)(ii) and (y) the Class M-1 Principal Distribution Amount, shall be distributed to the Holders of the Class M-1 Certificates, until the Certificate Principal Balance of the Class M-1 Certificates has been reduced to zero; THIRD, the lesser of (x) the excess of (i) the Principal Distribution Amount over (ii) the sum of the amounts distributed to the Holders of the Class A-1 Certificates pursuant to clause FIRST of this Section 5.01(b)(ii) and to the Holders of the Class M-1 Certificates pursuant to clause SECOND of this Section 5.01(b)(ii) and (y) the Class M-2 Principal Distribution Amount, shall be distributed to the Holders of the Class M-2 Certificates, until the Certificate Principal Balance of the Class M-2 Certificates has been reduced to zero; FOURTH, the lesser of (x) the excess of (i) the Principal Distribution Amount over (ii) the sum of the amounts distributed to the Holders of the Class A-1 Certificates pursuant to clause FIRST of this Section 5.01(b)(ii), to the Holders of the Class M-1 Certificates pursuant to clause SECOND of this Section 5.01(b)(ii) and to the Holders of the Class M-2 Certificates pursuant to clause THIRD of this Section 5.01(b)(ii) and (y) the Class M-3 Principal Distribution Amount, shall be distributed to the Holders of the Class M-3 Certificates, until the Certificate Principal Balance of the Class M-3 Certificates has been reduced to zero; and FIFTH, the lesser of (x) the excess of (i) the Principal Distribution Amount over (ii) the sum of the amounts distributed to the Holders of the Class A-1 Certificates pursuant to clause FIRST of this Section 5.01(b)(ii), to the Holders of the Class M-1 Certificates pursuant to clause SECOND of this Section 5.01(b)(ii), to the Holders of the Class M-2 Certificates pursuant to clause THIRD of this Section 5.01(b)(ii) and to the Holders of the Class M-3 Certificates pursuant to clause FOURTH of this Section 5.01(b)(ii) and (y) the Class M-4 Principal Distribution Amount, shall be distributed to the Holders of the Class M-4 Certificates, until the Certificate Principal Balance of the Class M-4 Certificates has been reduced to zero. (c) On each Distribution Date, the Securities Administrator shall withdraw any amounts then on deposit in the Distribution Account that represent Prepayment Charges and shall distribute such amounts to the Class P Certificateholders as described above. (d) All distributions made with respect to each Class of Certificates on each Distribution Date shall be allocated PRO RATA among the outstanding Certificates in such Class based on their respective Percentage Interests. Payments in respect of each Class of Certificates on each Distribution Date will be made to the Holders of the respective Class of record on the related Record Date (except as otherwise provided in Section 5.01(e) or Section 10.01 respecting the final distribution on such Class), based on the aggregate Percentage Interest Irepresented by their respective Certificates, and shall be made by wire transfer of immediately available funds to the account of any such Holder at a bank or other entity having appropriate facilities therefor, if such Holder shall have so notified the Securities Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Certificates having an initial aggregate Certificate Principal Balance that is in excess of the lesser of (i) $5,000,000 or (ii) two-LT1 and REMIC I Regular Interest I-LT6thirds of the initial Certificate Principal Balance of such Class of Certificates, respectively.or otherwise by check mailed by first class mail to the address of such Holder appearing in the Certificate Registe

Distributions. (a) On each Distribution Date, the Trustee (1)(Aor the Paying Agent on behalf of the Trustee) shall allocate and distribute the Group I Available Distribution Amount and Group II Available Distribution Amount (in each case, to the extent on deposit in the Certificate Account) for such date to the interests issued in respect of each REMIC as specified in this Section. (1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II III on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may beInterests: (i) to the Holders extent of the Group I Available Distribution Amount, to REMIC III as the holder of REMIC I Regular Interests (other than Interest LT1, REMIC I Regular Interest I-LTP)LT2, REMIC I Regular Interest LT3 and REMIC I Regular Interest LT4, pro rata, in an amount equal to (A) the their Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to REMIC III as the Holders holder of the REMIC I Regular Interests, in an amount equal to the remainder of the Group I Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below): (aA) to the Holders in respect of the REMIC I Regular Interest I-LT1LT2, 98.00% of such remainderREMIC I Regular Interest LT3 and REMIC I Regular Interest LT4, their respective Principal Distribution Amounts; (bB) to the Holders in respect of the REMIC I Regular Interest I-LT1 any remainder until the Uncertificated Principal Balance thereof is reduced to zero; (C) any remainder in respect of the REMIC I Regular Interest LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 LT3 and REMIC I Regular Interest I-LT5LT4, 1.00% of such remainderpro rata according to their respective Uncertificated Principal Balances as reduced by the distributions deemed made pursuant to (i) above, in the same proportion as principal payments until their respective Uncertificated Principal Balances are allocated reduced to the Corresponding Certificates;zero; and (cD) any remaining amounts to the Holders of the Class R-I Certificates. (2) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC II to REMIC III on account of the REMIC I Regular Interests: (i) to the extent of the Group II Available Distribution Amount, to REMIC III as the holder of REMIC II Regular Interest I-LT5, REMIC II Regular Interest LT6, 1.00% of REMIC II Regular Interest LT7 and REMIC II Regular Interest LT8, pro rata, in an amount equal to (A) their Uncertificated Accrued Interest for such remainderDistribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates; and (dii) on each Distribution Date, to REMIC III as the holder of the REMIC II Regular Interests, in an amount equal to the remainder of the Group II Available Distribution Amount after the distributions made pursuant to clause (i) above, allocated as follows (except as provided below): (A) in respect of the REMIC II Regular Interest LT6, REMIC II Regular Interest LT7 and REMIC II Regular Interest LT8, their respective Principal Distribution Amounts; (B) in respect of the REMIC II Regular Interest LT5 any remainder until the Uncertificated Principal Balance thereof is reduced to zero; (C) any remainder in respect of the REMIC II Regular Interest LT6, REMIC II Regular Interest LT7 and REMIC II Regular Interest LT8, pro rata according to their respective Uncertificated Principal Balances as reduced by the distributions deemed made pursuant to (i) above, until their respective Uncertificated Principal Balances are reduced to zero; and (D) any remaining amounts to the Holders of the REMIC I Regular Interest IClass R-LTP, $100 II Certificates. (3) Notwithstanding the distributions on the REMIC Regular Interests described in this Section 4.02(b), distribution of funds from the Certificate Account shall be made only in accordance with Sections 4.02(c) and (d). (c) On each Distribution Date immediately following (x) the expiration Master Servicer on behalf of the latest Prepayment Charge term as identified Trustee or (y) the Paying Agent appointed by the Trustee, shall distribute to each Certificateholder of record on the Mortgage Loan Schedule 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 with respect to each Class of Certificates, shall be based on the aggregate of the Percentage Interests represented by Certificates of the applicable Class held by such Holder of the following amounts), in the following order of priority, in each case to the extent of the Group I Available Distribution Amount on deposit in the Certificate Account (or, with respect to clause (xvii)(B) below, to the extent of prepayment charges on deposit in the Certificate Account): (i) to the Class A-I Certificateholders and the Class M-I Certificateholders, the related Accrued Certificate Interest payable on such Certificates with respect to such Distribution Date, plus any related Accrued Certificate Interest remaining unpaid from any prior Distribution Date thereafterDate, in the following order of priority: (1) first, to the Class A-I Certificateholders on a pro rata basis, based upon the amount of Accrued Certificate Interest due thereon; (2) second, to the Class M-I-1 Certificateholders; (3) third, to the Class M-I-2 Certificateholders; providedand (4) fourth, howeverto the Class M-I-3 Certificateholders; (ii) to the Class A-I Certificateholders and the Class M-I Certificateholders, that 98.00% from the amount, if any, of the Group I Available Distribution Amount remaining after the foregoing distributions, the Group I Principal Distribution Amount (other than the amounts described in clauses (b)(iv) and 2.00% (v) of the definition thereof), which amount shall be allocated in the manner and priority set forth in Section 4.02(e) below, until the aggregate Certificate Principal Balance of each Class of Class A-I Certificates and Class M-I Certificates has been reduced to zero; (iii) to the Class A-I Certificateholders and the Class M-I Certificateholders, from the Group I Excess Cash Flow, an amount equal to the principal portion of Realized Losses on the Group I Loans during the immediately preceding Due Period, which amount shall be included in the Group I Principal Distribution Amount and allocated in the manner and priority set forth in Section 4.02(e) below until the aggregate Certificate Principal Balance of each Class of Class A-I Certificates and Class M-I Certificates has been reduced to zero; (iv) to the Class A-II Certificateholders and Class M-II Certificateholders, from the amount, if any, of the Group I Excess Cash Flow remaining after the foregoing distributions, an amount equal to the principal portion of Realized Losses on the Group II Loans during the immediately preceding Due Period, to the extent not covered by distributions of the Group II Excess Cash Flow on such Distribution Date, which amount shall be included in the Group II Principal Distribution Amount and allocated in the manner and priority set forth in Section 4.02(f) below, until the aggregate Certificate Principal Balance of each Class of Class A-II Certificates and Class M-II Certificates has been reduced to zero; (v) to the Class A-I Certificateholders and the Class M-I Certificateholders, from the amount, if any, of the Group I Excess Cash Flow remaining after the foregoing distributions, the Group I Overcollateralization Increase Amount, which amount shall be included in the Group I Principal Distribution Amount and allocated in the manner and priority set forth in Section 4.02(e) below, until the aggregate Certificate Principal Balance of each Class of Class A-I Certificates and Class M-I Certificates has been reduced to zero; (vi) to the Class A-II Certificateholders and Class M-II Certificateholders, from the amount, if any, of the Group I Excess Cash Flow remaining after the foregoing distributions, the Group II Overcollateralization Increase Amount for such Distribution Date, to the extent not covered by distributions of the Group II Excess Cash Flow on such Distribution Date, which amount shall be included in the Group II Principal Distribution Amount and allocated in the manner and priority set forth in Section 4.02(f) below, until the aggregate Certificate Principal Balance of each Class of Class A-II Certificates and Class M-II Certificates has been reduced to zero; (vii) to the Class A-I Certificateholders and Class M-I Certificateholders, from the amount, if any, of the Group I Excess Cash Flow remaining after the foregoing distributions, the amount of any principal payments related Prepayment Interest Shortfalls with respect to the Group I Loans for that are attributable Distribution Date, to a Overcollateralization Reduction Amount the extent not covered by Compensating Interest on such Distribution Date, which amount shall be allocated to Holders the Class A-I Certificateholders and Class M-I Certificateholders on a pro rata basis, based on the amount of Prepayment Interest Shortfalls allocated thereto for such Distribution Date; (viii) to the Class A-II Certificateholders and the Class M-II Certificateholders, from the amount, if any, of the REMIC Group I Regular Excess Cash Flow remaining after the foregoing distributions, the amount of any related Prepayment Interest Shortfalls with respect to the Group II Loans for that Distribution Date, to the extent not covered by Compensating Interest and distributions of the Group II Excess Cash Flow on such Distribution Date, which amount shall be allocated to the Class A-II Certificateholders and the Class M-II Certificateholders on a pro rata basis, based on the amount of Prepayment Interest Shortfalls allocated thereto for such Distribution Date; (ix) to the Class A-I Certificateholders and the Class M-I Certificateholders, from the amount, if any, of the Group I Excess Cash Flow remaining after the foregoing distributions, the amount of any Prepayment Interest Shortfalls allocated thereto remaining unpaid from prior Distribution Dates together with interest thereon at the related Pass-Through Rates, which amount shall be allocated to the Class A-I Certificateholders and the Class M-I Certificateholders on a pro rata basis, based on the amount of Prepayment Interest Shortfalls allocated thereto and remaining unpaid; (x) to the Class A-II Certificateholders and the Class M-II Certificateholders, from the amount, if any, of the Group I Excess Cash Flow remaining after the foregoing distributions, the amount of any Prepayment Interest Shortfalls allocated thereto remaining unpaid from prior Distribution Dates together with interest thereon at the related Pass-Through Rates, to the extent not covered by distributions of the Group II Excess Cash Flow on such Distribution Date, which amount shall be allocated to the Class A-II Certificateholders and the Class M-II Certificateholders on a pro rata basis, based on the amount of Prepayment Interest Shortfalls allocated thereto and remaining unpaid; (xi) to the Class A-I Certificateholders and the Class M-I Certificateholders, from the amount, if any, of the Group I Excess Cash Flow remaining after the foregoing distributions, the amount of any Group I Net WAC Cap Shortfalls on such Certificates, which amount shall be allocated first, to the Class A-I Certificateholders on a pro rata basis, based on their respective Group I Net WAC Cap Shortfalls, and then sequentially, to the Class M-I-1 Certificateholders, Class M-I-2 Certificateholders and Class M-I-3 Certificateholders, in that order; (xii) to the Class A-II Certificateholders and the Class M-II Certificateholders, from the amount, if any, of the Group I Excess Cash Flow remaining after the foregoing distributions, the amount of any Group II Basis Risk Shortfalls on such Certificates to the extent not covered by distributions of the Group II Excess Cash Flow or the Hedge Payment on such Distribution Date, which amount shall be allocated first, to the Class A-II Certificateholders on a pro rata basis, based on their respective Group II Basis Risk Shortfalls, and then sequentially, to the Class M-II-1 Certificateholders, Class M-II-2 Certificateholders and Class M-II-3 Certificateholders, in that order; (xiii) to the Class A-I Certificateholders and the Class M-I Certificateholders, from the amount, if any, of the Group I Excess Cash Flow remaining after the foregoing distributions, the amount of any Relief Act Shortfalls allocated to such Certificates with respect to the Group I Loans for that Distribution Date, on a pro rata basis, based on the amount of Relief Act Shortfalls allocated thereto for that Distribution Date; (xiv) to the Class A-II Certificateholders and the Class M-II Certificateholders, from the amount, if any, of the Group I Excess Cash Flow remaining after the foregoing distributions, the amount of any Relief Act Shortfalls allocated to such Certificates with respect to the Group II Loans for that Distribution Date, to the extent not covered by distributions of the Group II Excess Cash Flow on such Distribution Date, on a pro rata basis, based on the amount of Relief Act Shortfalls allocated thereto for that Distribution Date; (xv) to the Class A-I Certificateholders and the Class M-I Certificateholders, from the amount, if any, of the Group I Excess Cash Flow remaining after the foregoing distributions, the principal portion of any Realized Losses previously allocated to those Certificates and remaining unreimbursed, which amount shall be allocated first, to the Class A-I Certificateholders on a pro rata basis, based on their respective principal portion of any Realized Losses previously allocated to those Certificates and remaining unreimbursed, and then sequentially, to the Class M-I-1 Certificateholders, Class M-I-2 Certificateholders and Class M-I-3 Certificateholders, in that order; (xvi) to the Class A-II Certificateholders and the Class M-II Certificateholders, from the amount, if any, of the Group I Excess Cash Flow remaining after the foregoing distributions, the principal portion of any Realized Losses previously allocated to those Certificates and remaining unreimbursed, to the extent not covered by distributions of the Group II Excess Cash Flow on such Distribution Date, which amount shall be allocated first, to the Class A-II Certificateholders on a pro rata basis, based on their respective principal portion of any Realized Losses previously allocated to those Certificates and remaining unreimbursed, and then sequentially, to the Class M-II-1 Certificateholders, Class M-II-2 Certificateholders and Class M-II-3 Certificateholders, in that order; (xvii) to the Class SB-I Certificates, (A) from the amount, if any, of the Group I Excess Cash Flow remaining after the foregoing distributions, the sum of (I) Accrued Certificate Interest thereon, (II) the amount of any Group I Overcollateralization Reduction Amount for such Distribution Date and (III) for any Distribution Date after the Certificate Principal Balance of each Class of Class A Certificates and Class M Certificates has been reduced to zero, the Group I Overcollateralization Amount, and (B) from prepayment charges on deposit in the Certificate Account, any prepayment charges received on the Group I Loans during the related Prepayment Period; and (xviii) to the Class R-LT1 and REMIC III Certificateholders, the balance, if any, of the Group I Regular Interest I-LT6Excess Cash Flow. (d) On each Distribution Date (x) the Master Servicer on behalf of the Trustee or (y) the Paying Agent appointed by the Trustee, respectively.shall distribute to each Certificateholder of record on the next preceding Record Date (other than as provided in Section 9.01 respecting the final distribution) either in immediately available funds (by wire transfer or otherwise) to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor, if such Certificateholder has so notified the Master Servicer or the Paying Agent, as the case may be, or, if such Certificateholder has not so notified the Master Servicer or the Paying Agent by the Record Date, by check mailed to such Certificateholder at t

Distributions. (a) On each Distribution Date, the Trustee (1)(Aor the Paying Agent on behalf of the Trustee) shall allocate and distribute the Available Distribution Amount, if any, for such date to the interests issued in respect of REMIC I and REMIC II as specified in this Section. (1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed Interests: i. to the holders extent of the Class R-I CertificatesAvailable Distribution Amount (other than the portion of the Available Distribution Amount described in clause (a)(vi) of the definition of Available Distribution Amount), as the case may be: (i) to the Holders of the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP)Interests, pro rata, in an amount equal to (A) the related Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Accrued Interest in respect of REMIC I Regular Interest I-LT6 ZZ shall be reduced when the REMIC I Overcollateralized Overcollateralization Amount is less than the REMIC I Required Overcollateralized Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the REMIC I Regular Interest ZZ Maximum I-LT6 Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, and such amount will be payable to the Holders of REMIC I Regular Interests A-1, A-2, A-3, A-4, M-1, ▇-▇, ▇-▇, ▇-▇, ▇-▇, ▇-▇, ▇-▇, ▇-▇, ▇-▇ and B in the same proportion as the Overcollateralization Increase Amount is allocated to the corresponding Class R-I of Certificates, and the Certificate Uncertificated Principal Balance thereof and (y) of the REMIC I Regular Interest ZZ shall be increased by such amount; and ii. on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such (other than the portion of the Available Distribution Date Amount described in clause (a)(vi) of the definition of Available Distribution Amount) after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below): ): (aA) to the Holders of the REMIC I Regular Interest I-LT1AA, 98.00% of such remainder; remainder until the Uncertificated Principal Balance of such REMIC I Regular Interest is reduced to zero; (bB) to the Holders of REMIC I Regular Interests A-1, A-2, A-3, A-4, M-1, ▇-▇, ▇-▇, ▇-▇, ▇-▇, M-6, M-7, M-8, ▇-▇ ▇nd B, 1.00% of such remainder in the same proportion as amounts are distributed in respect of principal on the corresponding Class of Certificates; (C) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates; (c) to the Holders of the REMIC I Regular Interest I-LT6ZZ, 1.00% of such remainder; and and (dD) any remaining amounts to the Holders of the REMIC Class R-I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafterCertificates; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a an Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 AA and REMIC I Regular Interest I-LT6ZZ, respectively; and provided further, that any prepayment charges on deposit in the Certificate Account attributable to prepayment charges received on the Mortgage Loans during the related Prepayment Period shall be deemed distributed to REMIC II as the holder of the REMIC I Regular Interest AA. (2) Notwithstanding the distributions described in this Section 4.02(b), distribution of funds from the Certificate Account shall be made only in accordance with Section 4.02(c). (c) On each Distribution Date (x) the Master Servicer on behalf of the Trustee or (y) the Paying Agent appointed by the Trustee, shall distribute to each Certificateholder of record on the next preceding Record Date (other than as provided in Section 9.01 respecting the final distribution) either in immediately available funds (by wire transfer or otherwise) to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor, if such Certificateholder has so notified the Master Servicer or the Paying Agent, as the case may be, or, if such Certificateholder has not so notified the Master Servicer or the Paying Agent by the Record Date, by check mailed to such Certificateholder at the address of such Holder appearing in the Certificate Register such Certificateholder's share (which share with respect to each Class of Certificates, shall be based on the aggregate of the Percentage Interests represented by Certificates of the applicable Class held by such Holder of the following amounts, in the following order of priority, subject to the provisions of Section 4.02(d)), to the extent of the Available Distribution Amount on deposit in the Certificate Account (with respect to clauses (i) through (xi), and to the extent of the sum of the remaining Available Distribution Amount (other than the portion of the Available Distribution Amount described in clause (a)(vi) of the definition of Available Distribution Amount)) and to the extent of prepayment charges on deposit in the Certificate Account: (i) to the Class A Certificateholders, the Class A Interest Distribution Amount, with such amount allocated among the Class A Certificateholders on a pro rata basis based on the Accrued Certificate Interest on each such Class; (ii) to the Class M-1 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-1 Interest Distribution Amount; (iii) to the Class M-2 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-2 Interest Distribution Amount; (iv) to the Class M-3 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-3 Interest Distribution Amount; (v) to the Class M-4 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-4 Interest Distribution Amount; (vi) to the Class M-5 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-5 Interest Distribution Amount; (vii) to the Class M-6 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-6 Interest Distribution Amount; (viii) to the Class M-7 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-7 Interest Distribution Amount; (ix) to the Class M-8 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-8 Interest Distribution Amount; (x) to the Class M-9 Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class M-9 Interest Distribution Amount; (xi) to the Class B Certificateholders from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Class B Interest Distribution Amount; (xii) to the Class A, Class M and Class B Certificateholders, from the amount, if any, of the Available Distribution Amount remaining after the foregoing distributions, the Principal Distribution Amount (other than the amounts set forth in clauses (b)(iv), (b)(v), and (b)(vi) of the definition thereof), in the order of priority described in Section 4.02(d) hereof, until the Certificate Principal Balances of the Class A, Class M and Class B Certificates have been reduced to zero; (xiii) to the Class A, Class M and Class B Certificateholders, from the amount, if any, of the Excess Cash Flow, an amount equal to the principal portion of Realized Losses previously allocated to reduce the Certificate Principal Balance of any Class of the Class A Certificates or Class M Certificates and remaining unreimbursed, but only to the extent of Subsequent Recoveries for that Distribution Date, which amount shall be included in the Principal Distribution Amount and paid in accordance with Section 4.02(d) hereof, until the Certificate Principal Balances of the Class A, Class M and Class B Certificates have been reduced to zero; (xiv) to the Class A, Class M and Class B Certificateholders, from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, an amount equal to the principal portion of Realized Losses on the Mortgage Loans during the immediately preceding Prepayment Period, which amount shall be included in the Principal Distribution Amount and paid in accordance with Section 4.02(d) hereof, until the Certificate Principal Balances of the Class A, Class M and Class B Certificates have been reduced to zero; (xv) to the Class A, Class M and Class B Certificateholders, from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the Overcollateralization Increase Amount for such Distribution Date, which amount shall be included in the Principal Distribution Amount and paid in accordance with Section 4.02(d) hereof, until the Certificate Principal Balances of the Class A, Class M and Class B Certificates have been reduced to zero; (xvi) to the Class A, Class M and Class B Certificateholders from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the amount of any Prepayment Interest Shortfalls allocated thereto for such Distribution Date, on a pro rata basis based on Accrued Certificate Interest otherwise due thereon, to the extent not covered by Eligible Master Servicing Compensation on such Distribution Date; (xvii) to the Class A, Class M and Class B Certificateholders from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the amount of any Prepayment Interest Shortfalls previously allocated thereto on any prior Distribution Date that remain unreimbursed, together with interest thereon at the applicable Pass-Through Rate, on a pro rata basis based on Prepayment Interest Shortfalls previously allocated thereto that remain unreimbursed; (xviii) from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, to pay the Class A Certificates, on a pro rata basis, based on the amount of Class A Basis Risk Shortfall Carry-Forward Amount previously allocated thereto that remain unreimbursed, the amount of any Class A Basis Risk Shortfall Carry-Forward Amounts remaining unpaid as of such Distribution Date, and to the Class M Certificates, in their order of their payment priority, the amount of any Class M Basis Risk Shortfall Carry-Forward Amounts remaining unpaid as of such Distribution Date and then to the Class B Certificates the amount of any Class B Basis Risk Shortfall Carry-Forward Amounts remaining unpaid as of each Distribution Date; (xix) to the Class A, Class M and Class B Certificates on a pro rata basis, based on the amount of Relief Act Shortfalls allocated thereto on such Distribution Date, from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the amount of any Relief Act Shortfalls allocated to those Certificates with respect to such Distribution Date; (xx) to the Class A, Class M and Class B Certificateholders, from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the principal portion of any Realized Losses previously allocated to those Certificates and remaining unreimbursed, which amount shall be allocated first, to the Class A Certificateholders on a pro rata basis, based on their respective principal portion of any Realized Losses previously allocated thereto that remain unreimbursed, and then to the Class M Certificates, in their order of payment priority and then to the Class B Certificates; (xxi) from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, to the Supplemental Interest Trust Account for Payment to the Swap Counterparty, any Swap Termination Payment owed by the Supplemental Interest Trust Trustee, on behalf of the Supplemental Interest Trust, due to a Swap Counterparty Trigger Event; (xxii) to the Class SB Certificates, (A) from the amount, if any, of the Excess Cash Flow remaining after the foregoing distributions, the sum of (I) Accrued Certificate Interest thereon, (II) the amount of any Overcollateralization Reduction Amount for such Distribution Date and (III) for any Distribution Date after the Certificate Principal Balance of each Class of Class A Certificates and Class M Certificates and the Class B Certificates has been reduced to zero, the Overcollateralization Amount, and (B) from prepayment charges on deposit in the Certificate Account, any prepayment charges received on the Mortgage Loans during the related Prepayment Period; and (xxiii) to the Class R-II Certificateholders, the balance, if any, of the Excess Cash Flow. (d) On each Distribution Date, the Principal Distribution Amount will be paid as follows: (i) the Class A Principal Distribution Amount shall be distributed, sequentially, as follows: (w) first, to the Class A-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero, (x) second, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero, and (y) third, to the Class A-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and (z) fourth, to the Class A-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (ii) the Class M-1 Principal Distribution Amount shall be distributed to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (iii) the Class M-2 Principal Distribution Amount shall be distributed to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (iv) the Class M-3 Principal Distribution Amount shall be distributed to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (v) the Class M-4 Principal Distribution Amount shall be distributed to the Class M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (vi) the Class M-5 Principal Distribution Amount shall be distributed to the Class M-5 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (vii) the Class M-6 Principal Distribution Amount shall be distributed to the Class M-6 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (viii) the Class M-7 Principal Distribution Amount shall be distributed to the Class M-7 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (ix) the Class M-8 Principal Distribution Amount shall be distributed to the Class M-8 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (x) the Class M-9 Principal Distribution Amount shall be distributed to the Class M-9 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; and (xi) the Class B Principal Distribution Amount shall be distributed to the Class B Certificates, until the Certificate Principal Balance thereof has been reduced to zero. (e) Notwithstanding the foregoing clauses (c) and (d), upon the reduction of the Certificate Principal Balance of a Class of Class A Certificates and Class M Certificates or the Class B Certificates to zero, such Class of Certificates will not be entitled to further distributions pursuant to Section 4.02 (other than in respect of Subsequent Recoveries). (f) Any Prepayment Interest Shortfalls on the Mortgage Loans which are not covered by Eligible Master Servicing Compensation as described in Section 3.16 and Relief Act Shortfalls on the Mortgage Loans will be allocated among the Class A, Class M and Class B Certificates, pro rata in accordance with the amount of Accrued Certificate Interest payable on such Distribution Date absent such shortfalls. Any such uncovered Prepayment Interest Shortfalls will be paid solely pursuant to Section 4.02(c)(xvi) and (xvii) and Section 4.09(c)(iii) and (iv) to the extent funds are available therefor. Any such Relief Act Shortfalls will be paid solely pursuant to Section 4.02(c)(xix) and Section 4.09(c)(vi) to the extent funds are available therefor. (g) In addition to th

Distributions. (a) (1)(A1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-I CertificatesInterest), as the case may be: (i) to the Holders of REMIC I Regular Interests (other than Interest A-I, REMIC I Regular Interest I-LTP)CE-2 and REMIC I Regular Interest I-1-A through REMIC I Regular Interest I-64-B, pro rata, in an amount equal to (A) Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates; and (ii) to the extent of amounts remaining after the distributions made pursuant to clause (i) above, payments of principal shall be allocated, first, to REMIC I Regular Interest A-I and, second, to REMIC I Regular Interest I-1-A through REMIC I Regular Interest I-64-B starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such payments of principal shall be allocated pro rata between such REMIC I Regular Interests. (iii) to the holders of REMIC I Regular Interest I-64-B, all Prepayment Charges and on the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter until $100 has been distributed pursuant to this clause; (2) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC II to REMIC III on account of the REMIC II Regular Interests or withdrawn from the Distribution Account and distributed to the Holders of the Class R Certificates, in respect of the Class R-II Interest, as the case may be: (i) to Holders of REMIC II Regular Interest AA, REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, REMIC II Regular Interest M-3, REMIC II Regular Interest M-4, REMIC II Regular Interest M-5, REMIC II Regular Interest M-6, REMIC II Regular Interest M-7, REMIC II Regular Interest M-8, REMIC II Regular Interest M-9, REMIC II Regular Interest B-1, REMIC II Regular Interest ZZ and REMIC II Regular Interest CE-2, pro rata, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I II Regular Interest I-LT6 ZZ shall be reduced when the REMIC I Overcollateralized II Overcollateralization Amount is less than the REMIC I II Required Overcollateralized Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the Maximum III-LT6 ZZ Uncertificated Interest Deferral Amount; andAmount and such amount will be payable to the Holders of Regular II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, REMIC II Regular Interest M-3, REMIC II Regular Interest M-4, REMIC II Regular Interest M-5, REMIC II Regular Interest M-6, REMIC II Regular Interest M-7, REMIC II Regular Interest M-8, REMIC II Regular Interest M-9 and REMIC II Regular Interest B-1 in the same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Certificates and the Uncertificated Balance of REMIC II Regular Interest ZZ shall be increased by such amount; (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I II Regular Interests, in an amount equal to the remainder of the Available Distribution Amount available funds for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below):follows: (aA) 98.00% of such remainder to the Holders of the REMIC I II Regular Interest I-LT1AA, 98.00% until the Uncertificated Balance of such remainderREMIC II Regular Interest is reduced to zero; (bB) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.002.00% of such remainder, first, to the Holders of REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, REMIC II Regular Interest M-3, REMIC II Regular Interest M-4, REMIC II Regular Interest M-5, REMIC II Regular Interest M-6, REMIC II Regular Interest M-7, REMIC II Regular Interest M-8, REMIC II Regular Interest M-9 and REMIC II Regular Interest B-1, 1.00% of and in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Balances of such REMIC II Regular Interests are reduced to zero and second to the Holders of REMIC II Regular Interest ZZ until the Uncertificated Balance of such REMIC II Regular Interest is reduced to zero; (cC) to the Holders of the REMIC II Regular Interest P, 100% of all Prepayment Charges distributed to REMIC I Regular Interest II-64-LT6, 1.00% of such remainderB on each Distribution Date; andthen (dD) any remaining amount to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration Class R Certificates (in respect of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafterClass R-II Interest); provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a an Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I II Regular Interest I-LT1 AA and REMIC I II Regular Interest I-LT6ZZ, respectively. (iii) Notwithstanding the distributions described in Section 5.01(a)(1) and (2), distributions of funds shall be made to Certificateholders only in accordance with Section 5.01(a)(3) through (6) Section 5.01(b), (c), (d) and (e). (3) On each Distribution Date, the Securities Administrator shall withdraw from the Distribution Account to the extent on deposit therein an amount equal to the Interest Remittance Amount and make the following disbursements and transfers in the order of priority described below, in each case to the extent of the Interest Remittance Amount remaining for such Distribution Date: first, to the Supplemental Interest Trust, an amount equal to the sum of any Net Swap Payment owed to the Swap Provider and any Swap Termination Payment owed to the Swap Provider not due to a Swap Provider Trigger Event; second, concurrently to the Holders of the Class A-1 Certificates and Class A-2 Certificates, the Senior Interest Distribution Amount allocable to the Class A-1 Certificates and Class A-2 Certificates on a pro rata basis based on the entitlement of each such Class; third, sequentially, to the Holders of the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9 and Class B-1 Certificates, in that order, the Interest Distribution Amount distributable to each such Class; and

Distributions. (a) (1)(A1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-I CertificatesInterest), as the case may be: (i) first, (a) to the Holders of REMIC I Regular Interests (other than Interest I-LTAA, REMIC Regular Interest I-LTA, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC Regular Interest I-LTM3, REMIC Regular Interest I-LTM4, Regular Interest I-LTM5, REMIC I Regular Interest I-LTZZ and REMIC I Regular Interest I-LTP), PRO RATA, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 LTZZ shall be reduced and deferred when the REMIC I Overcollateralized Overcollateralization Amount is less than the REMIC I Required Overcollateralized Overcollateralization Target Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 LTZZ Uncertificated Interest Deferral AmountAmount and such amount will be payable to the Holders of REMIC I Regular Interest I- LTA, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC Regular Interest I-LTM4 and Regular Interest I-LTM5 in the same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Certificates; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Datesecond, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the REMIC I Marker Allocation Percentage of Available Distribution Amount Funds for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below):follows: (a) to the Holders of the REMIC I Regular Interest I-LT1LTAA and REMIC I Regular Interest I-LTP, 98.00% of such remainderremainder (other than amounts payable under clause (d) below), until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero, provided, however, that REMIC I Regular Interest I-LTP shall not be reduced until the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter, at which point such amount shall be distributed to REMIC I Regular Interest I-LTP, until $100 has been distributed pursuant to this clause; (b) to the Holders of the REMIC I Regular Interest I-LT2LTA, REMIC I Regular Interest I-LT3LTM1, REMIC I Regular Interest I-LT4 and LTM2, REMIC I Regular Interest I-LT5LTM3, REMIC Regular Interest I-LTM4 and Regular Interest I-LTM5, 1.00% of such remainderremainder (other than amounts payable under clause (d) below), in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Balances of such REMIC I Regular Interests are reduced to zero; (c) to the Holders of the REMIC I Regular Interest I-LT6LTZZ, 1.00% of such remainderremainder (other than amounts payable under clause (d) below), until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero; andthen (d) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-I Interest); provided, however, that (i) 98.00% and (ii) 2.00% of any principal payments that are attributable to an Overcollateralization Reduction Amount shall be allocated to Holders of (i) REMIC I Regular Interest I-LTAA and REMIC I Regular Interest I-LTP, $100 on in that order and (ii) REMIC I Regular Interest I-LTP, respectively; provided that REMIC I Regular Interest I-LTP shall not be reduced until the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Prepayment Charge Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount at which point such amount shall be allocated distributed to Holders of the REMIC I Regular Interest I-LT1 and LTP, until $100 has been distributed pursuant to this clause. On each Distribution Date, all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period will be distributed by REMIC I to the Holders of REMIC I Regular Interest I-LT6LTP. The payment of the foregoing amounts to the Holders of REMIC I Regular Interest I-LTP shall not reduce the Uncertificated Balance thereof. (2) On each Distribution Date, respectively.the Trustee shall withdraw from the Distribution Account an amount equal to the Interest Remittance Amount and distribute to the Certificateholders the following amounts, in the following order of priority: (i) to the Holders of the Class A Certificates, an amount equal to the Senior Interest Distribution Amount; (ii) to the Holders of the Class M-1 Certificates, an amount equal to the Interest Distribution Amount allocable to the Class M-1 Certificates; (iii) to the Holders of the Class M-2 Certificates, an amount equal to the Interest Distribution Amount allocable to the Class M-2 Certificates; (iv) to the Holders of the Class M-3 Certificates, an amount equal to the Interest Distribution Amount allocable to the Class M-3 Certificates;

Distributions. (a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-I CertificatesInterest), as the case may be: (i) to Holders of REMIC I Regular Interest I and REMIC I Regular Interest I-1-A through I-53-B, pro rata, in an amount equal to (A) Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates; (ii) to the extent of amounts remaining after the distributions made pursuant to clause (i) above, to the Holders of REMIC I Regular Interests (other than Interest I, an amount of principal shall be distributed to such Holders until the Uncertificated Balance of REMIC I Regular Interest II is reduced to zero; and (iii) to the extent of amounts remaining after distributions made pursuant to clauses (i) and (ii) above, payments of principal shall be allocated to REMIC I Regular Interests I-1-LTPA through I-53-B starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such payments of principal shall be allocated pro rata between such REMIC I Regular Interests. (b) to the Holders of REMIC I Regular Interest I-53-B, all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period. (1) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC II to REMIC III on account of the REMIC II Regular Interests or withdrawn from the Distribution Account and distributed to the Holders of the Class R Certificates (in respect of the Class R-II Interest), as the case may be: (i) first to the Holders of REMIC II Regular Interest IO, in an amount equal to (A) Uncertificated Interest for such REMIC II Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates and second, to the Holders of REMIC II Regular Interest AA, REMIC II Regular Interest A, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, REMIC II Regular Interest M-3, REMIC II Regular Interest M-4, REMIC II Regular Interest ZZ and REMIC II Regular Interest P, pro rata, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I II Regular Interest I-LT6 ZZ shall be reduced when the REMIC I Overcollateralized II Overcollateralization Amount is less than the REMIC I II Required Overcollateralized Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 ZZ Uncertificated Interest Deferral Amount; and (ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof Amount and (y) on each Distribution Date, such amount will be payable to the Holders of REMIC I II Regular Interest A, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, REMIC II Regular Interest M-3 and REMIC II Regular Interest M-4 in the same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Certificates and the Uncertificated Balance of REMIC II Regular Interest ZZ shall be increased by such amount; (ii) to the Holders of REMIC II Regular Interests, in an amount equal to the remainder of the Available Distribution Amount available funds for such Distribution Date after the distributions made pursuant to clauses clause (i) and (ii)(x) above, allocated as follows (except as provided below):follows: (aA) 98.00% of such remainder to the Holders of the REMIC I II Regular Interest I-LT1AA, 98.00% until the Uncertificated Balance of such remainderREMIC II Regular Interest is reduced to zero; (bB) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.002.00% of such remainder, first, to the Holders of REMIC II Regular Interest A, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, REMIC II Regular Interest M-3 and REMIC II Regular Interest M-4, 1% of and in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Balances of such REMIC II Regular Interests are reduced to zero and second to the Holders of REMIC II Regular Interest ZZ, until the Uncertificated Balance of such REMIC II Regular Interest is reduced to zero; (cC) to the Holders of REMIC II Regular Interest P, (1) 100% of the Prepayment Charges deemed distributed on REMIC I Regular Interest II-53-LT6, 1.00% of such remainder; and B and (d2) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Prepayment Charge Schedule or any Distribution Date thereafterthereafter until $100 has been distributed pursuant to this clause; then (D) any remaining amount to the Holders of the Class R Certificate, in respect of the Class R-II Interest; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a an Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I II Regular Interest I-LT1 AA and REMIC I II Regular Interest I-LT6ZZ, respectively. (iii) Notwithstanding the distributions described in Section 5.01(c)(1), distributions of funds shall be made to Certificateholders only in accordance with Section 5.01(c)(2) through (8) and Section 5.01(e). (2) On each Distribution Date, the Securities Administrator shall withdraw from the Distribution Account to the extent on deposit therein an amount equal to the Interest Remittance Amount and make the following disbursements and transfers in the order of priority described below, in each case to the extent of the Interest Remittance Amount remaining for such Distribution Date: first, to the Class A Certificate Insurer, the Premium for such Distribution Date; second, to the Supplemental Interest Trust, an amount equal to the sum of any Net Swap Payment owed to the Swap Provider and any Swap Termination Payment owed to the Swap Provider not due to a Swap Provider Trigger Event (to the extent such amount has not been paid by the Securities Administrator from any upfront payment received pursuant to any related replacement interest rate swap agreement that may be entered into by the Supplemental Interest Trust Trustee); third, to the Holders of the Class A Certificates, the Senior Interest Distribution Amount allocable to the Class A Certificates; fourth, to the Class A Certificate Insurer, any reimbursement amounts owed to the Class A Certificate Insurer under the Insurance Agreement, the Policy or this Agreement; fifth, sequentially, to the Holders of the Class ▇-▇, ▇▇▇▇▇ ▇-▇, Class M-3 and Class M-4 Certificates, in that order, to the extent of the Interest Distribution Amount allocable to each such Class; and sixth, any such Interest Remittance Amount remaining after application pursuant to clauses first, second, third, fourth and fifth above will be applied as part of Net Monthly Excess Cashflow for such Distribution Date pursuant to Section 5.01(b)(5). (3) On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, the Securities Administrator shall withdraw from the Distribution Account to the extent on deposit therein an amount equal to the Principal Distribution Amount and distribute to the Certificateholders the following amounts, in the following order of priority: first, to the Class A Certificate Insurer, the amount owing to the Class A Certificate Insurer under the Insurance Agreement for the Premium to the extent not paid from the Interest Remittance Amount on such Distribution Date; second, to the Supplemental Interest Trust, an amount equal to the sum of any Net Swap Payment owed to the Swap Provider and any Swap Termination Payment owed to the Swap Provider not due to a Swap Provider Trigger Event to the extent not paid from the Interest Remittance Amount on such Distribution Date (to the extent such amount has not been paid by the Securities Administrator from any upfront payment received pursuant to any related replacement interest rate swap agreement that may be entered into by the Supplemental Interest Trust Trustee); third, to the Holders of the Class A Certificates until the Certificate Principal Balance of the Class A Certificates has been reduced to zero; fourth, to the Class A Certificate Insurer, to the extent not paid from the Interest Remittance Amount on such Distribution Date, any reimbursement amounts owed to the Class A Certificate Insurer under the Insurance Agreement, the Policy or this Agreement; and fifth, sequentially, to the Holders of the Class ▇-▇, ▇▇▇▇▇ ▇-▇, Class M-3 and Class M-4 Certificates, in that order, until the Certificate Principal Balance of each such Class has been reduced to zero. (4) On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, the Securities Administrator shall withdraw from the Distribution Account to the extent on deposit therein an amount equal to the Principal Distribution Amount and distribute to the Certificateholders the following amounts, in the following order of priority: first, to the Class A Certificate Insurer, the amount owing to the Class A Certificate Insurer under the Insurance Agreement for the Premium to the extent not paid from the Interest Remittance Amount on such Distribution Date; second, to the Supplemental Interest Trust, an amount equal to the sum of any Net Swap Payment owed to the Swap Provider and any Swap Termination Payment owed to the Swap Provider not due to a Swap Provider Trigger Event to the extent not paid from the Interest Remittance Amount on such Distribution Date (to the extent such amount has not been paid by the Securities Administrator from any upfront payment received pursuant to any related replacement interest rate swap agreement that may be entered into by the Supplemental Interest Trust Trustee); third, to the holders of the Class A Certificates, the lesser of (x) the excess of (i) the Principal Distribution Amount over (ii) the sum of the amounts distributed to the Class A Certificate Insurer under clause first above and to the Supplemental Interest Trust under clause second above, and (y) the Class A Principal Distribution Amount, until the Certificate Principal Balance of the Class A Certificates has been reduced to zero;