Group I Loans. 22 GROUP II-A INTEREST REMITTANCE AMOUNT........................................................................22 GROUP II-A TRIGGER EVENT.....................................................................................22 GROUP II-B INTEREST REMITTANCE AMOUNT........................................................................22
Group I Loans. 32 Group I Premium Rate Mortgage Loans.............................................................................33
Group I Loans. 32 Group II Loans.........................................................................32 Independent............................................................................32 Index..................................................................................32 Initial Certificate Principal Balance..................................................32
Group I Loans. 20 Group I Original Subordinate Principal Balance..............................20 Group I Premium Rate Mortgage Loans.........................................20
Group I Loans. By Cut-off Date Principal Balance, 10.82% of the Initial and Additional Group I Loans are secured by property located in California, 10.16% in Texas, 7.89% in Florida, 5.93% in New York and 5.20% in Michigan. No other state represents more than 5% of the aggregate Cut-off Date Principal Balances of the Initial and Additional Group I Loans. No more than 1% of the Group I Loans by Cut-off Date Principal Balance are secured by property located in an area with the same five-digit zip code.
Group I Loans. The mortgage loans identified as such on the Loan Schedule. Group II-A Interest Remittance Amount ------------------------------------- With respect to any Determination Date, the sum, without duplication, of (a) all interest collected or advanced on the Group II-A Loans during the related Due Period and (b) the portion of any Substitution Adjustment Amount, Termination Price, Purchase Price, or Liquidation Proceeds, relating to interest with respect to the Group II-A Loans and received during the related Due Period. Group II-B Interest Remittance Amount ------------------------------------- With respect to any Determination Date, the sum, without duplication, of (a) all interest collected or advanced on the Group II-B Loans during the related Due Period and (b) the portion of any Substitution Adjustment Amount, Termination Price, Purchase Price, or Liquidation Proceeds, relating to interest with respect to the Group II-B Loans and received during the related Due Period. Group II Loans -------------- Group II-A Loans and Group II-B Loans, collectively. Group II-A Loans ---------------- The mortgage loans identified as such on the Loan Schedule. Group II-B Loans ---------------- The mortgage loans identified as such on the Loan Schedule. Group Principal Balance ----------------------- With respect to any Distribution Date and any Group, the aggregate of the Stated Principal Balances of the Loans in such Group that were Outstanding Loans (including Loans in foreclosure and REO Properties) on their Due Dates in the related Due Period. Indirect Participant -------------------- A broker, dealer, bank or other financial institution or other Person that clears through or maintains a custodial relationship with a Depository Participant. Initial Certificate Account Deposit ----------------------------------- As defined in Section 2.01(a). Insurance Policy ---------------- With respect to any Loan included in the Trust Fund, any insurance policy, and including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies. Insurance Proceeds ------------------ Proceeds paid by an insurer pursuant to any Insurance Policy, in each case other than any amount included in such Insurance Proceeds in respect of Insured Expenses. Insured Expenses ---------------- Expenses covered by an Insurance Policy. Interest Accrual Period ----------------------- With respect to the Class AF-1, Class AV-1, Class AV-2, Class B-1, Cl...
Group I Loans. The Group I Loans have the following ------------- characteristics:
Group I Loans. 17 Group I Original Subordinate Principal Balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Group I Premium Rate Mortgage Loans: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
Group I Loans. The mortgage loans identified as such on the Loan Schedule as of the Closing Date. Group II Loans -------------- The mortgage loans identified as such on the Loan Schedule as of the Closing Date. Group Principal Balance ----------------------- With respect to any Distribution Date and either the Group I Loans or the Group II Loans, the aggregate of the Stated Principal Balances of the Loans in such Group that were Outstanding Loans (including Loans in foreclosure and REO Properties) on their Due Dates in the related Due Period. I&I Payments ------------ Any payments due and owing to the Insurer under the Insurance Agreement other than the Insurer's Monthly Premium. Indirect Participant -------------------- A broker, dealer, bank or other financial institution or other Person that clears through or maintains a custodial relationship with a Depository Participant. Initial Certificate Account Deposit ----------------------------------- As defined in Section 2.01(a). Insurance Agreement ------------------- The Insurance and Indemnity Agreement dated as of November 16, 2001, among the Depositor, Equity One-Delaware (in its capacity as both a Seller and the Servicer), the Trustee and the Insurer, including any amendments and supplements thereto. Insurance Policy ---------------- With respect to any Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies. Insurance Proceeds ------------------ Proceeds paid by an insurer (other than the Insurer) pursuant to any Insurance Policy, in each case other than any amount included in such Insurance Proceeds in respect of Insured Expenses. Insured Amount -------------- A payment by the Insurer under the Policy. Insured Expenses ---------------- Expenses covered by an Insurance Policy. Insurer ------- Ambac Assurance Corporation, a stock insurance corporation organized and created under the laws of the State of Wisconsin, and any successor thereto.
Group I Loans. 37 TABLE OF CONTENTS (continued)
