Common use of RECONCILIATION OF COLLECTION ACCOUNT Clause in Contracts

RECONCILIATION OF COLLECTION ACCOUNT. Available Funds: {38} Liquidation Proceeds collected during period (net of Fees) {38} {39} Purchase Amounts or amounts from Servicer deposited in Collection Account {39} {40} Investment Earnings - Collection Account {40} {41} From Reserve Acct - Investment Earnings, Reserve Acct Withdrawal, Excess Specified Reserve over Note Bal {41} {42} Collection of Supplemental Servicing - Extension Fees {42} {43} Collection of Supplemental Servicing - Repo and Recovery Fees Netted from Gross Liquidation Proceeds {43} {44} Collection of Supplemental Servicing - Late Fees, Prepayment Penalty Fees & Force Placed Insurance {44} {45} Total Available Funds {45} Distributions: {46} Base Servicing Fee {46} {47} Repo and Recovery Fees - reimbursed to Servicer {47} {48} Bank Service Charges - reimbursed to Servicer {48} {49} Late Fees, Prepayment Penalty Fees & Force Placed Insurance - to Servicer {49} {50} Trustee and Trust Collateral Agent Fees {50} {51} Asset Representations Reviewer Fee {51} {52} Owner Trustee Fee {52} {53} Class A-1 Noteholders’ Interest Distributable Amount pari passu {53} {54} Class A-2A Noteholders’ Interest Distributable Amount pari passu {54} {55} Class A-2B Noteholders’ Interest Distributable Amount pari passu {55} {56} Class A-3 Noteholders’ Interest Distributable Amount pari passu {56} {57} Class A-4 Noteholders’ Interest Distributable Amount pari passu {57} {58} First Priority Principal Distribution Amount {58} {59} Class B Noteholders’ Interest Distributable Amount {59} {60} Second Priority Principal Distribution Amount {60} {61} Class C Noteholders’ Interest Distributable Amount {61} {62} Third Priority Principal Distribution Amount {62} {63} Class D Noteholders’ Interest Distributable Amount {63} {64} Fourth Priority Principal Distribution Amount {64} {65} To the Reserve Account, the Reserve Account Deposit Amount {65} {66} To the Noteholders, Noteholder’s Principal Distributable Amount (as calculated below) {66} {67} Add’l fees (Trustee, Asset Represtentations Reviewer, Owner Trustee, Trust Collateral Agent) {67} {68} To the Certificateholders, the aggregate amount remaining {68} CALCULATION OF PRIORITY PRINCIPAL DISTRIBUTION (X) (Y) Cumulative Adjusted Pool Excess of Priority Principal Class Note Balance Balance (X) - (Y) Distribution {70} First Priority {71} Second Priority {72} Third Priority {73} Fourth Priority {74} Total CALCULATION OF NOTEHOLDERS’ PRINCIPAL DISTRUBUTABLE AMOUNT {75} Excess Total Available Funds {75} {76} Beginning Note Balance {76} {77} Principal payments {77} {78} Pro Forma Note Balance {78} {79} Adjusted Pool Balance {79} {80} % of Original Adjusted Pool Balance ($________) {80} {81} Required Pro Forma Note Balance {79} minus {80} {81} {82} Excess of Pro Forma Note Balance over Required Pro Forma Balance {78} minus {81} {82} {83} Noteholder’s Principal Distributable Amount (Lesser of {75} and {82} {83} RECONCILIATION OF RESERVE ACCOUNT Current {84} Specified Reserve Balance {85} Beginning of period Reserve Account balance {85} {86} The Reserve Account Deposit, from Collection Account {86} {87} Investment Earnings {87} {88} Investment Earnings - transferred to Collection Account Available Funds {88} {89} Reserve Account Withdrawal Amount {89} {90} End of period Reserve Account balance {90} CALCULATION OF TOTAL OVERCOLLATERALIZATION {91} Aggregate Principal Balance {91} {92} End of Period Note Balance {92} {93} Overcollateralization {93} {94} Overcollateralization % {94} CALCULATION OF TOTAL OVERCOLLATERALIZATION (ADJUSTED PRINCIPAL BALANCE) {95} Aggregate Adjusted Principal Balance {95} {96} End of Period Note Balance {96} {97} Overcollateralization {97} {98} Overcollateralization % {98} MONTHLY PERIOD AND CUMULATIVE NUMBER OF RECEIVABLES CALCULATION Cumulative Monthly {99} Original Number of Receivables {99} {100} Beginning of period number of Receivables {100} {101} Number of Receivables becoming Liquidated Receivables during period {101} {102} Number of Receivables becoming Purchased Receivables during period {102} {103} Number of Receivables paid off during period {103} {104} End of period number of Receivables {104} STATISTICAL DATA (CURRENT AND HISTORICAL) Original Prev. Month Current {105} Weighted Average APR of the Receivables {105} {106} Weighted Average Remaining Term of the Receivables {106} {107} Weighted Average Original Term of Receivables {107} {108} Average Receivable Balance {108} {109} Net Losses in Period {109} {110} Aggregate Realized Losses {110} {111} Aggregate Realized Loss Percentage {111} {112} ABS Prepay Speed {112} DELINQUENCY Units Dollars Percentage Receivables with Scheduled Payment delinquent {113} 31-60 days {113} {114} 61-90 days {114} {115} 91-120 days {115} {116} Total {116} ASSET REPRESENTATIONS REVIEW DELINQUENCY TRIGGER Dollars Percentage {115} Receivables with Scheduled Payment delinquent 61 days or more {115} {116} Compliance (Trigger Violation is a Delinquency Rate Greater Than ___% ) {116} EXTENSIONS {117} Principal Balance of Receivables extended during current period {117} {118} Beginning of Period Aggregate Principal Balance {118} {119} Extension Rate {117} divided by {118} {119} CREDIT RISK RETENTION (1) Dollars Percentage {120} Fair Value of Residual Interest {120} {121} Class D Fair Value {121} {122} Total Fair Value of Residual Interest + Class D Fair Value {122} {123} Total Fair Value of Notes and Residual Interest {123} Compliance (Fair Value must be at least ___% of the aggregate value of the Notes and Residual Interest)

RECONCILIATION OF COLLECTION ACCOUNT. Available Funds: {3847} Collections on Receivables during period (net of Liquidation Proceeds and Fees) {47} {48} Liquidation Proceeds collected during period (net of Fees) {3848} {3949} Purchase Amounts or amounts from Servicer deposited in Collection Account {3949} {4050} Investment Earnings - Collection Account {4050} {4151} Investment Earnings - Transfer From Reserve Acct - Investment Earnings, Reserve Acct Withdrawal, Excess Specified Reserve over Note Bal Account {4151} {4252} Collection of Supplemental Servicing - Extension Fees {4252} {4353} Collection of Supplemental Servicing - Repo and Recovery Fees Netted from Gross Liquidation Proceeds Advanced {4353} {4454} Collection of Supplemental Servicing - Late Fees, Prepayment Penalty Fees & Force Placed Insurance {4454} {4555} Total Available Funds {4555} Distributions: {4656} Base Servicing Fee {4656} {4757} Repo and Recovery Fees - reimbursed to Servicer {4757} {4858} Bank Service Charges - reimbursed to Servicer {4858} {4959} Late Fees, Prepayment Penalty Fees & Force Placed Insurance - to Servicer {4959} {5060} Trustee and Trust Collateral Agent fees {60} {61} Backup Servicing Fees {5061} {51} Asset Representations Reviewer Fee {51} {5262} Owner Trustee Fee {5262} {5363} Class A-1 Noteholders’ Interest Distributable Amount pari passu {5363} {5464} Class A-2A A-2 Noteholders’ Interest Distributable Amount pari passu {5464} {55} Class A-2B Noteholders’ Interest Distributable Amount pari passu {55} {5665} Class A-3 Noteholders’ Interest Distributable Amount pari passu {5665} {5766} Class A-4 A Noteholders’ Interest Distributable Principal Parity Amount pari passu or Matured Principal Shortfall {5766} {58} First Priority Principal Distribution Amount {58} {5967} Class B Noteholders’ Interest Distributable Amount {5967} {6068} Second Priority Class B Noteholders’ Principal Distribution Parity Amount or Matured Principal Shortfall {6068} {6169} Class C Noteholders’ Interest Distributable Amount {6169} {6270} Third Priority Class C Noteholders’ Principal Distribution Parity Amount or Matured Principal Shortfall {6270} {6371} Class D Noteholders’ Interest Distributable Amount {6371} {6472} Fourth Priority Class D Noteholders’ Principal Distribution Parity Amount or Matured Principal Shortfall {72} {73} Class E Noteholders’ Interest Distributable Amount {6473} {6574} Class E Noteholders’ Principal Parity Amount or Matured Principal Shortfall {74} {75} Noteholders’ Principal Distributable Amount {75} {76} To the Reserve Account, the Reserve Account Deposit Amount {6576} {6677} To the Noteholders, Noteholder’s the Accelerated Principal Distributable Amount (as calculated below) {6677} {67} Add’l fees (Trustee, Asset Represtentations Reviewer, Owner Trustee, Trust Collateral Agent) {67} {6879} To the Certificateholders, the aggregate amount remaining {68} CALCULATION OF PRIORITY PRINCIPAL DISTRIBUTION (X) (Y) Cumulative Adjusted Pool Excess of Priority Principal Class Note Balance Balance (X) - (Y) Distribution {70} First Priority {71} Second Priority {72} Third Priority {73} Fourth Priority {74} Total CALCULATION OF NOTEHOLDERS’ PRINCIPAL DISTRUBUTABLE AMOUNT {75} Excess Total Available Funds {75} {76} Beginning Note Balance {76} {77} Principal payments {77} {78} Pro Forma Note Balance {78} {79} Adjusted Pool Balance {79} {80} % of Original Adjusted Pool Balance ($________) Total Distributions {80} {81} Required Pro Forma Note Balance {79} minus {80} {81} {82} Excess of Pro Forma Note Balance over Required Pro Forma Balance {78} minus {81} {82} {83} Noteholder’s Principal Distributable Amount (Lesser of {75} and {82} {83} RECONCILIATION OF RESERVE ACCOUNT Current {84} Specified Reserve Balance {85} Beginning of period Reserve Account balance {85} {86} The Reserve Account Deposit, from Collection Account {86} {87} Investment Earnings {87} {88} Investment Earnings - transferred to Collection Account Available Funds {88} {89} Reserve Account Withdrawal Amount {89} {90} End of period Reserve Account balance {90} CALCULATION OF TOTAL OVERCOLLATERALIZATION {91} Aggregate Principal Balance {91} {92} End of Period Note Balance {92} {93} Overcollateralization {93} {94} Overcollateralization % {94} CALCULATION OF TOTAL OVERCOLLATERALIZATION (ADJUSTED PRINCIPAL BALANCE) {95} Aggregate Adjusted Principal Balance {95} {96} End of Period Note Balance {96} {97} Overcollateralization {97} {98} Overcollateralization % {98} MONTHLY PERIOD AND CUMULATIVE NUMBER OF RECEIVABLES CALCULATION Cumulative Monthly {99} Original Number of Receivables {99} {100} Beginning of period number of Receivables {100} {101} Number of Receivables becoming Liquidated Receivables during period {101} {102} Number of Receivables becoming Purchased Receivables during period {102} {103} Number of Receivables paid off during period {103} {104} End of period number of Receivables {104} STATISTICAL DATA (CURRENT AND HISTORICAL) Original Prev. Month Current {105} Weighted Average APR of the Receivables {105} {106} Weighted Average Remaining Term of the Receivables {106} {107} Weighted Average Original Term of Receivables {107} {108} Average Receivable Balance {108} {109} Net Losses in Period {109} {110} Aggregate Realized Losses {110} {111} Aggregate Realized Loss Percentage {111} {112} ABS Prepay Speed {112} DELINQUENCY Units Dollars Percentage Receivables with Scheduled Payment delinquent {113} 31-60 days {113} {114} 61-90 days {114} {115} 91-120 days {115} {116} Total {116} ASSET REPRESENTATIONS REVIEW DELINQUENCY TRIGGER Dollars Percentage {115} Receivables with Scheduled Payment delinquent 61 days or more {115} {116} Compliance (Trigger Violation is a Delinquency Rate Greater Than ___% ) {116} EXTENSIONS {117} Principal Balance of Receivables extended during current period {117} {118} Beginning of Period Aggregate Principal Balance {118} {119} Extension Rate {117} divided by {118} {119} CREDIT RISK RETENTION (1) Dollars Percentage {120} Fair Value of Residual Interest {120} {121} Class D Fair Value {121} {122} Total Fair Value of Residual Interest + Class D Fair Value {122} {123} Total Fair Value of Notes and Residual Interest {123} Compliance (Fair Value must be at least ___% of the aggregate value of the Notes and Residual Interest)}

RECONCILIATION OF COLLECTION ACCOUNT. Available Funds: {3849} Collections on Receivables during period (net of Liquidation Proceeds and Fees) {49} ______ {50} Liquidation Proceeds collected during period (net of Fees) {3850} ______ {3951} Purchase Amounts or amounts from Servicer deposited in Collection Account {3951} ______ {4052} Investment Earnings - Earnings—Collection Account {4052} ______ {4153} Investment Earnings—Transfer From Reserve Acct - Investment Earnings, Reserve Acct Withdrawal, Excess Specified Reserve over Note Bal Account {4153} ______ {4254} Collection of Supplemental Servicing - Servicing—Extension Fees {4254} ______ {4355} Collection of Supplemental Servicing - Servicing—Repo and Recovery Fees Netted from Gross Liquidation Proceeds Advanced {4355} ______ {4456} Collection of Supplemental Servicing - Servicing—Late Fees, Prepayment Penalty Fees & Force Placed Insurance {4456} ______ {4557} Total Available Funds {4557} ______ Distributions: {4658} Base Servicing Fee {4658} ______ {4759} Repo and Recovery Fees - Fees—reimbursed to Servicer {4759} ______ {4860} Bank Service Charges - Charges—reimbursed to Servicer {4860} ______ {4961} Late Fees, Prepayment Penalty Fees & Force Placed Insurance - —reimbursed to Servicer {4961} ______ {5062} Trustee and Trust Collateral Extension Fees—reimbursed to Servicer {62} ______ {63} Agent Fees fees {5063} ______ {51} Asset Representations Reviewer Fee {51} {52} Owner Trustee Fee {52} {5365} Class A-1 Noteholders’ Interest Distributable Amount pari passu {5365} ______ {5466} Class A-2A A-2 Noteholders’ Interest Distributable Amount pari passu {5466} ______ {55} Class A-2B Noteholders’ Interest Distributable Amount pari passu {55} {5667} Class A-3 Noteholders’ Interest Distributable Amount pari passu {5667} ______ {5768} Class A-4 A Noteholders’ Interest Distributable Principal Parity Amount pari passu or Matured Principal Shortfall {5768} ______ {58} First Priority Principal Distribution Amount {58} {5969} Class B Noteholders’ Interest Distributable Amount {5969} ______ {6070} Second Priority Class B Noteholders’ Principal Distribution Parity Amount or Matured Principal Shortfall {6070} ______ {6171} Class C Noteholders’ Interest Distributable Amount {6171} ______ {6272} Third Priority Class C Noteholders’ Principal Distribution Parity Amount or Matured Principal Shortfall {6272} ______ {6373} Class D Noteholders’ Interest Distributable Amount {6373} ______ {6474} Fourth Priority Class D Noteholders’ Principal Distribution Parity Amount or Matured Principal Shortfall {74} ______ {75} Class E Noteholders’ Interest Distributable Amount {6475} ______ {6576} Class E Noteholders’ Principal Parity Amount or Matured Principal Shortfall {76} ______ {77} Noteholders' Principal Distributable Amount {77} ______ {78} Total distributions (Prior to Reserve Account Deposit) {78} ______ {79} Excess Available Funds {79} ______ {80} Reserve Account Withdrawal Amount {80} ______ {81} To the Reserve Account, the Reserve Account Deposit Amount {6581} ______ {6682} To the Noteholders, Noteholder’s the Accelerated Principal Distributable Amount (as calculated below) {6682} ______ {6783} Add’l fees (TrusteeTo the Class E Noteholders, Asset Represtentations Reviewer, Owner Trustee, Trust Collateral Agent) until Class E Balance is zero {6783} ______ {6884} To the Certificateholders, the aggregate amount remaining {6884} CALCULATION OF PRIORITY PRINCIPAL DISTRIBUTION (X) (Y) Cumulative Adjusted Pool Excess of Priority Principal Class Note Balance Balance (X) - (Y) Distribution {70} First Priority {71} Second Priority {72} Third Priority {73} Fourth Priority {74} Total CALCULATION OF NOTEHOLDERS’ PRINCIPAL DISTRUBUTABLE AMOUNT {75} Excess Total Available Funds {75} {76} Beginning Note Balance {76} {77} Principal payments {77} {78} Pro Forma Note Balance {78} {79} Adjusted Pool Balance {79} {80} % of Original Adjusted Pool Balance ($________) {80} {81} Required Pro Forma Note Balance {79} minus {80} {81} {82} Excess of Pro Forma Note Balance over Required Pro Forma Balance {78} minus {81} {82} {83} Noteholder’s Principal Distributable Amount (Lesser of {75} and {82} {83} RECONCILIATION OF RESERVE ACCOUNT Current {84} Specified Reserve Balance {85} Beginning of period Reserve Account balance {85} {86} The Reserve Account Deposit, from Collection Account {86} {87} Investment Earnings {87} {88} Investment Earnings - transferred to Collection Account Available Funds {88} {89} Reserve Account Withdrawal Amount {89} {90} End of period Reserve Account balance {90} _ VlI. CALCULATION OF TOTAL OVERCOLLATERALIZATION {91} Aggregate Principal Balance {91} {92} End of Period Note Balance {92} {93} Overcollateralization {93} {94} Overcollateralization % {94} CALCULATION OF TOTAL OVERCOLLATERALIZATION (ADJUSTED PRINCIPAL BALANCE) {95} Aggregate Adjusted Principal Balance {95} {96} End of Period Note Balance {96} {97} Overcollateralization {97} {98} Overcollateralization % {98} MONTHLY PERIOD AND CUMULATIVE NUMBER OF RECEIVABLES CALCULATION Cumulative Monthly {99} Original Number of Receivables {99} {100} Beginning of period number of Receivables {100} {101} Number of Receivables becoming Liquidated Receivables during period {101} {102} Number of Receivables becoming Purchased Receivables during period {102} {103} Number of Receivables paid off during period {103} {104} End of period number of Receivables {104} STATISTICAL DATA (CURRENT AND HISTORICAL) Original Prev. Month Current {105} Weighted Average APR of the Receivables {105} {106} Weighted Average Remaining Term of the Receivables {106} {107} Weighted Average Original Term of Receivables {107} {108} Average Receivable Balance {108} {109} Net Losses in Period {109} {110} Aggregate Realized Losses {110} {111} Aggregate Realized Loss Percentage {111} {112} ABS Prepay Speed {112} DELINQUENCY Units Dollars Percentage Receivables with Scheduled Payment delinquent {113} 31-60 days {113} {114} 61-90 days {114} {115} 91-120 days {115} {116} Total {116} ASSET REPRESENTATIONS REVIEW DELINQUENCY TRIGGER Dollars Percentage {115} Receivables with Scheduled Payment delinquent 61 days or more {115} {116} Compliance (Trigger Violation is a Delinquency Rate Greater Than ___% ) {116} EXTENSIONS {117} Principal Balance of Receivables extended during current period {117} {118} Beginning of Period Aggregate Principal Balance {118} {119} Extension Rate {117} divided by {118} {119} CREDIT RISK RETENTION (1) Dollars Percentage {120} Fair Value of Residual Interest {120} {121} Class D Fair Value {121} {122} Total Fair Value of Residual Interest + Class D Fair Value {122} {123} Total Fair Value of Notes and Residual Interest {123} Compliance (Fair Value must be at least ___% of the aggregate value of the Notes and Residual Interest)PARITY AMOUNT: Class

RECONCILIATION OF COLLECTION ACCOUNT. Available Funds: {3845} Collections on Receivables during period (net of Liquidation Proceeds and Fees) {45} {46} Liquidation Proceeds collected during period (net of Fees) {3846} {3947} Purchase Amounts or amounts from Servicer deposited in Collection Account {3947} {4048} Investment Earnings - Collection Account {4048} {4149} Investment Earnings - Transfer From Reserve Acct - Investment Earnings, Reserve Acct Withdrawal, Excess Specified Reserve over Note Bal Prefunding Account {4149} {4250} Investment Earnings - Transfer From Capitalized Interest Account {50} {51} Collection of Supplemental Servicing - Extension Fees {4251} {4352} Collection of Supplemental Servicing - Repo and Recovery Fees Netted from Gross Liquidation Proceeds Advanced {4352} {4453} Collection of Supplemental Servicing - Late Fees, Prepayment Penalty Fees & Force Placed Insurance {4453} {4554} Monthly Capitalized Interest Amount {54} {55} Mandatory Note Prepayment Amount {55} {56} Total Available Funds {4556} Distributions: {4657} Base Servicing Fee - to Servicer {4657} {4758} Repo and Recovery Fees - reimbursed to Servicer {4758} {4859} Bank Service Charges - reimbursed to Servicer {48} {49} Late Fees, Prepayment Penalty Fees & Force Placed Insurance - to Servicer {49} {50} Trustee and Trust Collateral Agent Fees {50} {51} Asset Representations Reviewer Fee {51} {52} Owner Trustee Fee {52} {53} Class A-1 Noteholders’ Interest Distributable Amount pari passu {53} {54} Class A-2A Noteholders’ Interest Distributable Amount pari passu {54} {55} Class A-2B Noteholders’ Interest Distributable Amount pari passu {55} {56} Class A-3 Noteholders’ Interest Distributable Amount pari passu {56} {57} Class A-4 Noteholders’ Interest Distributable Amount pari passu {57} {58} First Priority Principal Distribution Amount {58} {59} Class B Noteholders’ Interest Distributable Amount {59} {60} Second Priority Principal Distribution Amount Late Fees - to Servicer {60} {61} Class C Backup Servicing Fees {61} Noteholders’ Interest Distributable Amount {61} Class Beginning Note Balance Interest Carryover Interest Rate Days Days Basis Calculated Interest {62} Third Priority Principal Distribution Amount Class A - 1 3.8445 % Actual days/360 {62} {63} Class D Noteholders’ Interest Distributable Amount A - 2 4.3100 % 30 30/360 {63} {64} Fourth Priority Principal Distribution Amount Class A - 3 4.4700 % 30 30/360 {64} {65} To the Reserve Account, the Reserve Account Deposit Amount Class A - 4 4.6300 % 30 30/360 {65} Noteholders’ Principal Distributable Amount Class Principal Distributable Principal Carryover Excess Principal Due Mandatory Note Prepayment Total Principal {66} To the Noteholders, Noteholder’s Principal Distributable Amount (as calculated below) Class A - 1 {66} {67} Add’l fees (Trustee, Asset Represtentations Reviewer, Owner Trustee, Trust Collateral Agent) Class A - 2 {67} {68} To the Certificateholders, the aggregate amount remaining Class A - 3 {68} CALCULATION OF PRIORITY PRINCIPAL DISTRIBUTION (X) (Y) Cumulative Adjusted Pool Excess of Priority Principal Class Note Balance Balance (X) - (Y) Distribution {70} First Priority Security Insurer Premiums - to FSA {70} {71} Second Priority Total distributions {71} {72} Third Priority Excess Available Funds (or Deficiency Claim Amount ) {72} {73} Fourth Priority Any Remaining Amounts owed to FSA under the Insurance Agreement {73} {74} Total CALCULATION OF NOTEHOLDERS’ PRINCIPAL DISTRUBUTABLE AMOUNT Deposit to Spread Account to Increase to Required Level {74} {75} Excess Total Available Funds Noteholders’ Accelerated Principal Amount {75} {76} Beginning Note Balance Deposit to Spread Account {76} VlII. CALCULATION OF ACCELERATED PRINCIPAL AMOUNT {77} Principal payments Excess Available Funds After Amount to Increase Spread to Required Level ({76}) {77} {7880} Excess of Pro Forma Note Balance over Required Balance ({78} - {79} Adjusted Pool Balance {79} {80} % of Original Adjusted Pool Balance ($________}) {80} {81} Required Pro Forma End of Period Class A-1 Note Balance {79} minus {80} {81} {82} Excess Lesser of Pro Forma Note Balance over Required Pro Forma Balance {7880} minus or {81} {82} {83} Noteholder’s Accelerated Principal Distributable Amount (Lesser lesser of {7577} and or {82} }) {83} RECONCILIATION OF RESERVE ACCOUNT Current {84} Specified Reserve Balance {85} Beginning of period Reserve Account balance {85} {86} The Reserve Account Deposit, from Collection Account {86} {87} Investment Earnings {87} {88} Investment Earnings - transferred to Collection Account Available Funds {88} {89} Reserve Account Withdrawal Amount {89} {90} End of period Reserve Account balance {90} CALCULATION OF TOTAL OVERCOLLATERALIZATION {91} Aggregate Principal Balance {91} {92} End of Period Note Balance {92} {93} Overcollateralization {93} {94} Overcollateralization % {94} CALCULATION OF TOTAL OVERCOLLATERALIZATION (ADJUSTED PRINCIPAL BALANCE) {95} Aggregate Adjusted Principal Balance {95} {96} End of Period Note Balance {96} {97} Overcollateralization {97} {98} Overcollateralization % {98} MONTHLY PERIOD AND CUMULATIVE NUMBER OF RECEIVABLES CALCULATION Cumulative Monthly {99} Original Number of Receivables {99} {100} Beginning of period number of Receivables {100} {101} Number of Receivables becoming Liquidated Receivables during period {101} {102} Number of Receivables becoming Purchased Receivables during period {102} {103} Number of Receivables paid off during period {103} {104} End of period number of Receivables {104} STATISTICAL DATA (CURRENT AND HISTORICAL) Original Prev. Month Current {105} Weighted Average APR of the Receivables {105} {106} Weighted Average Remaining Term of the Receivables {106} {107} Weighted Average Original Term of Receivables {107} {108} Average Receivable Balance {108} {109} Net Losses in Period {109} {110} Aggregate Realized Losses {110} {111} Aggregate Realized Loss Percentage {111} {112} ABS Prepay Speed {112} DELINQUENCY Units Dollars Percentage Receivables with Scheduled Payment delinquent {113} 31-60 days {113} {114} 61-90 days {114} {115} 91-120 days {115} {116} Total {116} ASSET REPRESENTATIONS REVIEW DELINQUENCY TRIGGER Dollars Percentage {115} Receivables with Scheduled Payment delinquent 61 days or more {115} {116} Compliance (Trigger Violation is a Delinquency Rate Greater Than ___% ) {116} EXTENSIONS {117} Principal Balance of Receivables extended during current period {117} {118} Beginning of Period Aggregate Principal Balance {118} {119} Extension Rate {117} divided by {118} {119} CREDIT RISK RETENTION (1) Dollars Percentage {120} Fair Value of Residual Interest {120} {121} Class D Fair Value {121} {122} Total Fair Value of Residual Interest + Class D Fair Value {122} {123} Total Fair Value of Notes and Residual Interest {123} Compliance (Fair Value must be at least ___% of the aggregate value of the Notes and Residual Interest)}

RECONCILIATION OF COLLECTION ACCOUNT. Available Funds: {3847} Collections on Receivables during period (net of Liquidation Proceeds and Fees) {47} {48} Liquidation Proceeds collected during period (net of Fees) {3848} {3949} Purchase Amounts or amounts from Servicer deposited in Collection Account {3949} {4050} Investment Earnings - Collection Account {4050} {4151} From Reserve Acct - Investment Earnings, Reserve Acct Withdrawal, Excess Specified Reserve over Note Bal {4151} {4252} Collection of Supplemental Servicing - Extension Fees {4252} {4353} Collection of Supplemental Servicing - Repo and Recovery Fees Netted from Gross Liquidation Proceeds Advanced {4353} {4454} Collection of Supplemental Servicing - Late Fees, Prepayment Penalty Fees & Force Placed Insurance {4454} {4555} Total Available Funds {4555} Distributions: {4656} Base Servicing Fee {4656} {4757} Repo and Recovery Fees - reimbursed to Servicer {4757} {4858} Bank Service Charges - reimbursed to Servicer {4858} {4959} Late Fees, Prepayment Penalty Fees & Force Placed Insurance - to Servicer {4959} {5060} Trustee and Trust Collateral Agent Fees {5060} {51} Asset Representations Reviewer Fee {51} {5261} Owner Trustee Fee {5261} {5362} Class A-1 Noteholders’ Interest Distributable Amount pari passu {5362} {5463} Class A-2A A-2 Noteholders’ Interest Distributable Amount pari passu {5463} {55} Class A-2B Noteholders’ Interest Distributable Amount pari passu {55} {5664} Class A-3 Noteholders’ Interest Distributable Amount pari passu {5664} {5765} Class A-4 A Noteholders’ Interest Distributable Principal Parity Amount pari passu or Matured Principal Shortfall {5765} {58} First Priority Principal Distribution Amount {58} {5966} Class B Noteholders’ Interest Distributable Amount {5966} {6067} Second Priority Class B Noteholders’ Principal Distribution Parity Amount or Matured Principal Shortfall {6067} {6168} Class C Noteholders’ Interest Distributable Amount {6168} {6269} Third Priority Class C Noteholders’ Principal Distribution Parity Amount or Matured Principal Shortfall {6269} {6370} Class D Noteholders’ Interest Distributable Amount {6370} {6471} Fourth Priority Class D Noteholders’ Principal Distribution Parity Amount or Matured Principal Shortfall {71} {72} Class E Noteholders’ Interest Distributable Amount {6472} {6573} Class E Noteholders’ Principal Parity Amount or Matured Principal Shortfall {73} {74} Noteholders’ Principal Distributable Amount {74} {75} To the Reserve Account, the Reserve Account Deposit Amount {6575} {6676} To the Noteholders, Noteholder’s the Accelerated Principal Distributable Amount (as calculated below) {6676} {6777} Add’l fees (Trustee, Asset Represtentations Reviewer, Owner Trustee, Trust Collateral Agent, Lockbox Bank & Processor) {6777} {6878} To the Certificateholders, the aggregate amount remaining {6878} {79} Total Distributions {79} VlI. CALCULATION OF PRIORITY PRINCIPAL DISTRIBUTION PARITY AMOUNT: Class (X) Cumulative Note Balance (Y) Cumulative Adjusted Pool Balance (I) Excess of Priority Principal Class Note Balance Balance (X) - (Y) Distribution {70} First Priority {71} Second Priority {72} Third Priority {73} Fourth Priority {74} Total CALCULATION OF NOTEHOLDERS’ PRINCIPAL DISTRUBUTABLE AMOUNT {75} Excess Total (II) Available Funds {75} {76} Beginning Note Balance {76} {77} Principal payments {77} {78} Pro Forma Note Balance {78} {79} Adjusted Pool Balance {79} {80} % in Waterfall Lesser of Original Adjusted Pool Balance ($________I) or (II) {80} Class A {81} Class B {82} Class C {83} Class D {84} Class E {85} Total VlII. CALCULATION OF ACCELERATED PRINCIPAL AMOUNT: {86} Excess Available Funds {86} {87} Pro-Forma Note Balance (Calculated after Step-Down) {87} {88} Required Pro Forma Note Balance {79} minus {80} {81} {82} Excess of Pro Forma Note Balance over Required Pro Forma Balance {78} minus {81} {82} {83} Noteholder’s Principal Distributable Amount (Lesser of {75} and {82} {83} RECONCILIATION OF RESERVE ACCOUNT Current {84} Specified Reserve Balance {85} Beginning of period Reserve Account balance {85} {86} The Reserve Account Deposit, from Collection Account {86} {87} Investment Earnings {87} {88} Investment Earnings - transferred to Collection Account Available Funds {88} {89} Reserve Account Withdrawal Amount Excess of Pro-Forma Balance over Required Pro-Forma Balance {89} {90} End Lesser of period Reserve Account balance {90} CALCULATION OF TOTAL OVERCOLLATERALIZATION {91} Aggregate Principal Balance {91} {92} End Excess Available Funds or Excess of Period Pro-Forma Note Balance {92} {93} Overcollateralization {93} {94} Overcollateralization % {94} CALCULATION OF TOTAL OVERCOLLATERALIZATION (ADJUSTED PRINCIPAL BALANCE) {95} Aggregate Adjusted Principal Balance {95} {96} End of Period Note Balance {96} {97} Overcollateralization {97} {98} Overcollateralization % {98} MONTHLY PERIOD AND CUMULATIVE NUMBER OF RECEIVABLES CALCULATION Cumulative Monthly {99} Original Number of Receivables {99} {100} Beginning of period number of Receivables {100} {101} Number of Receivables becoming Liquidated Receivables during period {101} {102} Number of Receivables becoming Purchased Receivables during period {102} {103} Number of Receivables paid off during period {103} {104} End of period number of Receivables {104} STATISTICAL DATA (CURRENT AND HISTORICAL) Original Prev. Month Current {105} Weighted Average APR of the Receivables {105} {106} Weighted Average Remaining Term of the Receivables {106} {107} Weighted Average Original Term of Receivables {107} {108} Average Receivable Balance {108} {109} Net Losses in Period {109} {110} Aggregate Realized Losses {110} {111} Aggregate Realized Loss Percentage {111} {112} ABS Prepay Speed {112} DELINQUENCY Units Dollars Percentage Receivables with Scheduled Payment delinquent {113} 31-60 days {113} {114} 61-90 days {114} {115} 91-120 days {115} {116} Total {116} ASSET REPRESENTATIONS REVIEW DELINQUENCY TRIGGER Dollars Percentage {115} Receivables with Scheduled Payment delinquent 61 days or more {115} {116} Compliance (Trigger Violation is a Delinquency Rate Greater Than ___% ) {116} EXTENSIONS {117} Principal Balance of Receivables extended during current period {117} {118} Beginning of Period Aggregate Principal Balance {118} {119} Extension Rate {117} divided by {118} {119} CREDIT RISK RETENTION (1) Dollars Percentage {120} Fair Value of Residual Interest {120} {121} Class D Fair Value {121} {122} Total Fair Value of Residual Interest + Class D Fair Value {122} {123} Total Fair Value of Notes and Residual Interest {123} Compliance (Fair Value must be at least ___% of the aggregate value of the Notes and Residual Interest)90}

RECONCILIATION OF COLLECTION ACCOUNT. Available Funds: {3848} Collections on Receivables during period (net of Liquidation Proceeds and Fees) {48} {49} Liquidation Proceeds collected during period (net of Fees) {3849} {3950} Purchase Amounts or amounts from Servicer deposited in Collection Account {3950} {4051} Investment Earnings - Collection Account {4051} {4152} Investment Earnings - Transfer From Reserve Acct - Investment Earnings, Reserve Acct Withdrawal, Excess Specified Reserve over Note Bal Account {4152} {4253} Collection of Supplemental Servicing - Extension Fees {4253} {4354} Collection of Supplemental Servicing - Repo and Recovery Fees Netted from Gross Liquidation Proceeds Advanced {4354} {4455} Collection of Supplemental Servicing - Late Fees, Fees & Prepayment Penalty Fees & Force Placed Insurance {4455} Class A-1 Class A-2 Class A-3 {56} Proceeds from Cap and Swap Agreement {56} {4557} Total Available Funds {4557} Distributions: {4658} Net Swap Payments to Swap Provider Class A-1 Class A-2 {58} {59} Base Servicing Fee {4659} {4760} Repo and Recovery Fees - reimbursed to Servicer {4760} {4861} Bank Service Charges - reimbursed to Servicer {4861} {4962} Late Fees, Fees & Prepayment Penalty Fees & Force Placed Insurance - reimbursed to Servicer {4962} {5063} Trustee and Trust Collateral Agent Extension Fees - reimbursed to Servicer {5063} {5164} Asset Representations Reviewer Fee Agent fees {5164} {5269} Owner Trustee Fee Class A Noteholders’ Principal Parity Amount or Matured Principal Shortfall {5269} {53} Class A-1 Noteholders’ Interest Distributable Amount pari passu {53} {54} Class A-2A Noteholders’ Interest Distributable Amount pari passu {54} {55} Class A-2B Noteholders’ Interest Distributable Amount pari passu {55} {56} Class A-3 Noteholders’ Interest Distributable Amount pari passu {56} {57} Class A-4 Noteholders’ Interest Distributable Amount pari passu {57} {58} First Priority Principal Distribution Amount {58} {5970} Class B Noteholders’ Interest Distributable Amount {5970} {6071} Second Priority Class B Noteholders’ Principal Distribution Parity Amount or Matured Principal Shortfall {6071} {6172} Class C Noteholders’ Interest Distributable Amount {6172} {6273} Third Priority Class C Noteholders’ Principal Distribution Parity Amount or Matured Principal Shortfall {6273} {63} Class D Noteholders’ Interest Distributable Amount {63} {64} Fourth Priority Principal Distribution Amount {64} {6574} To the Reserve Account, the Reserve Account Deposit Amount {6574} {6675} To the Noteholders, Noteholder’s ’ Principal Distributable Amount (as calculated below) {6675} {6776} Add’l fees (Trustee, Asset Represtentations Reviewer, Owner Trustee, Trust Collateral Agent) To Class C Note Principal Amount {6776} {6877} To Class B Note Principal Amount {77} {80} To the Certificateholders, the aggregate amount remaining {6880} {81} Total distributions {81} VlI. CALCULATION OF PRIORITY PRINCIPAL DISTRIBUTION PARITY AMOUNT: Class (X) Cumulative Note Balance (Y) Cumulative Adjusted Pool Balance (I) Excess of Priority Principal Class Note Balance Balance (X) - (Y) Distribution (II) Available Funds in Waterfall Lesser of (I) or (II) {7082} First Priority Class A-1 {7183} Second Priority Class A-2 {7284} Third Priority Class A-3 {7385} Fourth Priority Class B {7486} Class C {87} Total ** Principal Parity Amount distributed as Noteholders Principal Distributable in first three months of Trust VlII. CALCULATION OF NOTEHOLDERS’ ACCELERATED PRINCIPAL DISTRUBUTABLE AMOUNT AMOUNT: {7588} Excess Total Available Funds {7588} {7689} Beginning Note Balance {76} {77} Principal payments {77} {78} Pro Pro-Forma Note Balance (Calculated after Step-Down) {7889} {79} Adjusted Pool Balance {79} {80} % of Original Adjusted Pool Balance ($________) {80} {8190} Required Pro Forma Note Balance {79} minus {8090} {81} {8291} Excess of Pro Pro-Forma Balance over Required Pro-Forma Balance {91} {92} Lesser of Excess Available Funds or Excess of Pro-Forma Note Balance over Required Pro Forma Balance {7892} minus {81} {82} {83} Noteholder’s Principal Distributable Amount (Lesser of {75} and {82} {83} IX. RECONCILIATION OF RESERVE ACCOUNT Current ACCOUNT: {8493} Specified Reserve Balance {8594} Beginning of period Reserve Account balance {8594} {8695} The Reserve Account Deposit, from Collection Account {8695} {8796} Investment Earnings {8796} {8897} Investment Earnings - transferred to Collection Account Available Funds {8897} {8998} Reserve Account Withdrawal Amount {8998} {9099} End of period Reserve Account balance {9099} X. CALCULATION OF TOTAL OVERCOLLATERALIZATION OVER COLLATERALIZATION: {91100} Aggregate Principal Balance {91100} {92101} End of Period Note Balance {92101} {93102} Overcollateralization (Undercollateralization) {93102} {94103} Overcollateralization % {94103} CALCULATION OF TOTAL OVERCOLLATERALIZATION (ADJUSTED PRINCIPAL BALANCE) {95} Aggregate Adjusted Principal Balance {95} {96} End of Period Note Balance {96} {97} Overcollateralization {97} {98} Overcollateralization % {98} XI. MONTHLY PERIOD AND CUMULATIVE NUMBER OF RECEIVABLES CALCULATION Cumulative Monthly CALCULATION: {99104} Original Number of Receivables {99104} {100105} Beginning of period number of Receivables {100105} {101106} Number of Receivables becoming Liquidated Receivables during period {101106} {102107} Number of Receivables becoming Purchased Receivables during period {102107} {103108} Number of Receivables paid off during period {103108} {104109} End of period number of Receivables {104} STATISTICAL DATA (CURRENT AND HISTORICAL) Original Prev. Month Current {105} Weighted Average APR of the Receivables {105} {106} Weighted Average Remaining Term of the Receivables {106} {107} Weighted Average Original Term of Receivables {107} {108} Average Receivable Balance {108} {109} Net Losses in Period {109} {110} Aggregate Realized Losses {110} {111} Aggregate Realized Loss Percentage {111} {112} ABS Prepay Speed {112} DELINQUENCY Units Dollars Percentage Receivables with Scheduled Payment delinquent {113} 31-60 days {113} {114} 61-90 days {114} {115} 91-120 days {115} {116} Total {116} ASSET REPRESENTATIONS REVIEW DELINQUENCY TRIGGER Dollars Percentage {115} Receivables with Scheduled Payment delinquent 61 days or more {115} {116} Compliance (Trigger Violation is a Delinquency Rate Greater Than ___% ) {116} EXTENSIONS {117} Principal Balance of Receivables extended during current period {117} {118} Beginning of Period Aggregate Principal Balance {118} {119} Extension Rate {117} divided by {118} {119} CREDIT RISK RETENTION (1) Dollars Percentage {120} Fair Value of Residual Interest {120} {121} Class D Fair Value {121} {122} Total Fair Value of Residual Interest + Class D Fair Value {122} {123} Total Fair Value of Notes and Residual Interest {123} Compliance (Fair Value must be at least ___% of the aggregate value of the Notes and Residual Interest)}

RECONCILIATION OF COLLECTION ACCOUNT. Available Funds: {3848} Collections on Receivables during period (net of Liquidation Proceeds and Fees) {48} {49} Liquidation Proceeds collected during period (net of Fees) {3849} {3950} Purchase Amounts or amounts from Servicer deposited in Collection Account {3950} {4051} Investment Earnings - Collection Account {4051} {4152} From Reserve Acct - Investment Earnings, Reserve Acct Withdrawal, Excess Specified Reserve over Note Bal {4152} {4253} Collection of Supplemental Servicing - Extension Fees {4253} {4354} Collection of Supplemental Servicing - Repo and Recovery Fees Netted from Gross Liquidation Proceeds Advanced {4354} {4455} Collection of Supplemental Servicing - Late Fees, Prepayment Penalty Fees & Force Placed Insurance {4455} {4556} Total Available Funds {4556} Distributions: {4657} Base Servicing Fee {4657} {4758} Repo and Recovery Fees - reimbursed to Servicer {4758} {4859} Bank Service Charges - reimbursed to Servicer {4859} {4960} Late Fees, Prepayment Penalty Fees & Force Placed Insurance - to Servicer {4960} {5061} Trustee and Trust Collateral Agent Fees {5061} {51} Asset Representations Reviewer Fee {51} {5262} Owner Trustee Fee {5262} {5363} Class A-1 Noteholders’ Interest Distributable Amount pari passu {5363} {5464} Class A-2A Noteholders’ Interest Distributable Amount pari passu {5464} {5565} Class A-2B Noteholders’ Interest Distributable Amount pari passu {5565} {5666} Class A-3 Noteholders’ Interest Distributable Amount pari passu {56} {57} Class A-4 Noteholders’ Interest Distributable Amount pari passu {57} {58} First Priority Principal Distribution Amount {58} {59} Class B Noteholders’ Interest Distributable Amount {59} {60} Second Priority Principal Distribution Amount {60} {61} Class C Noteholders’ Interest Distributable Amount {61} {62} Third Priority Principal Distribution Amount {62} {63} Class D Noteholders’ Interest Distributable Amount {63} {64} Fourth Priority Principal Distribution Amount {64} {65} To the Reserve Account, the Reserve Account Deposit Amount {65} {66} To the Noteholders, Noteholder’s Principal Distributable Amount (as calculated below) {66} {67} Add’l fees (Trustee, Asset Represtentations Reviewer, Owner Trustee, Trust Collateral Agent) Class A Noteholders’ Principal Parity Amount or Matured Principal Shortfall {67} {68} To the Certificateholders, the aggregate amount remaining {68} CALCULATION OF PRIORITY PRINCIPAL DISTRIBUTION (X) (Y) Cumulative Adjusted Pool Excess of Priority Principal Class Note Balance Balance (X) - (Y) Distribution {70} First Priority {71} Second Priority {72} Third Priority {73} Fourth Priority {74} Total CALCULATION OF NOTEHOLDERS’ PRINCIPAL DISTRUBUTABLE AMOUNT {75} Excess Total Available Funds {75} {76} Beginning Note Balance {76} {77} Principal payments {77} {78} Pro Forma Note Balance {78} {79} Adjusted Pool Balance {79} {80} % of Original Adjusted Pool Balance ($________) {80} {81} Required Pro Forma Note Balance {79} minus {80} {81} {82} Excess of Pro Forma Note Balance over Required Pro Forma Balance {78} minus {81} {82} {83} Noteholder’s Principal Distributable Amount (Lesser of {75} and {82} {83} RECONCILIATION OF RESERVE ACCOUNT Current {84} Specified Reserve Balance {85} Beginning of period Reserve Account balance {85} {86} The Reserve Account Deposit, from Collection Account {86} {87} Investment Earnings {87} {88} Investment Earnings - transferred to Collection Account Available Funds {88} {89} Reserve Account Withdrawal Amount {89} {90} End of period Reserve Account balance {90} CALCULATION OF TOTAL OVERCOLLATERALIZATION {91} Aggregate Principal Balance {91} {92} End of Period Note Balance {92} {93} Overcollateralization {93} {94} Overcollateralization % {94} CALCULATION OF TOTAL OVERCOLLATERALIZATION (ADJUSTED PRINCIPAL BALANCE) {95} Aggregate Adjusted Principal Balance {95} {96} End of Period Note Balance {96} {97} Overcollateralization {97} {98} Overcollateralization % {98} MONTHLY PERIOD AND CUMULATIVE NUMBER OF RECEIVABLES CALCULATION Cumulative Monthly {99} Original Number of Receivables {99} {100} Beginning of period number of Receivables {100} {101} Number of Receivables becoming Liquidated Receivables during period {101} {102} Number of Receivables becoming Purchased Receivables during period {102} {103} Number of Receivables paid off during period {103} {104} End of period number of Receivables {104} STATISTICAL DATA (CURRENT AND HISTORICAL) Original Prev. Month Current {105} Weighted Average APR of the Receivables {105} {106} Weighted Average Remaining Term of the Receivables {106} {107} Weighted Average Original Term of Receivables {107} {108} Average Receivable Balance {108} {109} Net Losses in Period {109} {110} Aggregate Realized Losses {110} {111} Aggregate Realized Loss Percentage {111} {112} ABS Prepay Speed {112} DELINQUENCY Units Dollars Percentage Receivables with Scheduled Payment delinquent {113} 31-60 days {113} {114} 61-90 days {114} {115} 91-120 days {115} {116} Total {116} ASSET REPRESENTATIONS REVIEW DELINQUENCY TRIGGER Dollars Percentage {115} Receivables with Scheduled Payment delinquent 61 days or more {115} {116} Compliance (Trigger Violation is a Delinquency Rate Greater Than ___% ) {116} EXTENSIONS {117} Principal Balance of Receivables extended during current period {117} {118} Beginning of Period Aggregate Principal Balance {118} {119} Extension Rate {117} divided by {118} {119} CREDIT RISK RETENTION (1) Dollars Percentage {120} Fair Value of Residual Interest {120} {121} Class D Fair Value {121} {122} Total Fair Value of Residual Interest + Class D Fair Value {122} {123} Total Fair Value of Notes and Residual Interest {123} Compliance (Fair Value must be at least ___% of the aggregate value of the Notes and Residual Interest)}

RECONCILIATION OF COLLECTION ACCOUNT. Available Funds: {3840} Collections on Receivables during period (net of Liquidation Proceeds and Fees) {40} {41} Liquidation Proceeds collected during period (net of Fees) {3841} {3942} Purchase Amounts or amounts from Servicer deposited in Collection Account {3942} {4043} Investment Earnings - Collection Account {4043} {4144} Investment Earnings - Transfer From Reserve Acct - Investment Earnings, Reserve Acct Withdrawal, Excess Specified Reserve over Note Bal Prefunding Account {4144} {4245} Investment Earnings - Transfer From Capitalized Interest Account {45} {46} Collection of Supplemental Servicing - Extension Fees {4246} {4347} Collection of Supplemental Servicing - Repo and Recovery Fees Netted from Gross Liquidation Proceeds Advanced {4347} {4448} Collection of Supplemental Servicing - Late Fees, Prepayment Penalty Fees & Force Placed Insurance {4448} {4549} Monthly Capitalized Interest Amount {49} {50} Mandatory Note Prepayment Amount {50} {51} Total Available Funds {4551} Distributions: {4652} Base Servicing Fee - to Servicer {4652} {4753} Repo and Recovery Fees - reimbursed to Servicer {4753} {4854} Bank Service Charges - reimbursed to Servicer {48} {49} Late Fees, Prepayment Penalty Fees & Force Placed Insurance - to Servicer {49} {50} Trustee and Trust Collateral Agent Fees {50} {51} Asset Representations Reviewer Fee {51} {52} Owner Trustee Fee {52} {53} Class A-1 Noteholders’ Interest Distributable Amount pari passu {53} {54} Class A-2A Noteholders’ Interest Distributable Amount pari passu {54} {55} Class A-2B Noteholders’ Interest Distributable Amount pari passu Late Fees - to Servicer {55} {56} Class A-3 Backup Servicing Fees {56} Noteholders’ ' Interest Distributable Amount pari passu {56} Beginning Interest Interest Calculated Class Note Balance Carryover Rate Days Days Basis Interest {57} Class A-4 Noteholders’ Interest Distributable Amount pari passu A - 1 4.34360 % Actual days/360 {57} {58} First Priority Principal Distribution Amount Class A - 2 4.75000 % 30/360 {58} {59} Class B Noteholders’ Interest Distributable Amount A - 3 4.87000 % 30/360 {59} {60} Second Priority Principal Distribution Amount Class A - 4 5.02000 % 30/360 {60} {61} Class C Noteholders’ Interest Distributable Amount Security Insurer Premiums - to Ambac {61} Noteholders' Principal Distributable Amount Principal Principal Excess Mandatory Total Class Distributable Carryover Principal Due Note Prepayment Principal {62} Third Priority Principal Distribution Amount Class A - 1 {62} {63} Class D Noteholders’ Interest Distributable Amount A - 2 {63} {64} Fourth Priority Principal Distribution Amount Class A - 3 {64} {65} To the Reserve Account, the Reserve Account Deposit Amount Class A - 4 {65} {66} To the Noteholders, Noteholder’s Principal Distributable Amount (as calculated below) Total distributions {66} {67} Add’l fees Excess Available Funds (Trustee, Asset Represtentations Reviewer, Owner Trustee, Trust Collateral Agentor Deficiency Claim Amount ) {67} {68} To Any Remaining Amounts owed to Ambac under the Certificateholders, the aggregate amount remaining Insurance Agreement {68} CALCULATION OF PRIORITY PRINCIPAL DISTRIBUTION (X) (Y) Cumulative Adjusted Pool Excess of Priority Principal Class Note Balance Balance (X) - (Y) Distribution {69} Deposit to Spread Account to Increase to Required Level {69} {70} First Priority Noteholders' Accelerated Principal Amount {70} {71} Second Priority Deposit to Spread Account {71} Table of Contents VIlI. CALCULATION OF ACCELERATED PRINCIPAL AMOUNT {72} Third Priority Excess Available Funds ({67}) {72} {73} Fourth Priority Pro Forma Note Balance ({13} - {9}) {73} {74} Total CALCULATION OF NOTEHOLDERS’ PRINCIPAL DISTRUBUTABLE AMOUNT Required Pro-forma Note Balance {74} {75} Excess Total Available Funds of Pro Forma Balance over Required Balance ({73} - {74}) {75} {76} Beginning Note Balance Accelerated Principal Amount (lesser of {72} or {75}) {76} {77} Principal payments {77} {78} Pro Forma Note Balance {78} {79} Adjusted Pool Balance {79} {80} % of Original Adjusted Pool Balance ($________) {80} {81} Required Pro Forma Note Balance {79} minus {80} {81} {82} Excess of Pro Forma Note Balance over Required Pro Forma Balance {78} minus {81} {82} {83} Noteholder’s Principal Distributable Amount (Lesser of {75} and {82} {83} RECONCILIATION OF RESERVE ACCOUNT Current {84} Specified Reserve Balance {85} Beginning of period Reserve Account balance {85} {86} The Reserve Account Deposit, from Collection Account {86} {87} Investment Earnings {87} {88} Investment Earnings - transferred to Collection Account Available Funds {88} {89} Reserve Account Withdrawal Amount {89} {90} End of period Reserve Account balance {90} CALCULATION OF TOTAL OVERCOLLATERALIZATION {91} Aggregate Principal Balance {91} {92} End of Period Note Balance {92} {93} Overcollateralization {93} {94} Overcollateralization % {94} CALCULATION OF TOTAL OVERCOLLATERALIZATION (ADJUSTED PRINCIPAL BALANCE) {95} Aggregate Adjusted Principal Balance {95} {96} End of Period Note Balance {96} {97} Overcollateralization {97} {98} Overcollateralization % {98} MONTHLY PERIOD AND CUMULATIVE NUMBER OF RECEIVABLES CALCULATION Cumulative Monthly {99} Original Number of Receivables {99} {100} Beginning of period number of Receivables {100} {101} Number of Receivables becoming Liquidated Receivables during period {101} {102} Number of Receivables becoming Purchased Receivables during period {102} {103} Number of Receivables paid off during period {103} {104} End of period number of Receivables {104} STATISTICAL DATA (CURRENT AND HISTORICAL) Original Prev. Month Current {105} Weighted Average APR of the Receivables {105} {106} Weighted Average Remaining Term of the Receivables {106} {107} Weighted Average Original Term of Receivables {107} {108} Average Receivable Balance {108} {109} Net Losses in Period {109} {110} Aggregate Realized Losses {110} {111} Aggregate Realized Loss Percentage {111} {112} ABS Prepay Speed {112} DELINQUENCY Units Dollars Percentage Receivables with Scheduled Payment delinquent {113} 31-60 days {113} {114} 61-90 days {114} {115} 91-120 days {115} {116} Total {116} ASSET REPRESENTATIONS REVIEW DELINQUENCY TRIGGER Dollars Percentage {115} Receivables with Scheduled Payment delinquent 61 days or more {115} {116} Compliance (Trigger Violation is a Delinquency Rate Greater Than ___% ) {116} EXTENSIONS {117} Principal Balance of Receivables extended during current period {117} {118} Beginning of Period Aggregate Principal Balance {118} {119} Extension Rate {117} divided by {118} {119} CREDIT RISK RETENTION (1) Dollars Percentage {120} Fair Value of Residual Interest {120} {121} Class D Fair Value {121} {122} Total Fair Value of Residual Interest + Class D Fair Value {122} {123} Total Fair Value of Notes and Residual Interest {123} Compliance (Fair Value must be at least ___% of the aggregate value of the Notes and Residual Interest)}

RECONCILIATION OF COLLECTION ACCOUNT. Available Funds: {3847} Collections on Receivables during period (net of Liquidation Proceeds and Fees) {47} {48} Liquidation Proceeds collected during period (net of Fees) {3848} {3949} Purchase Amounts or amounts from Servicer deposited in Collection Account {3949} {4050} Investment Earnings - Collection Account {4050} {4151} From Reserve Acct - Investment Earnings, Reserve Acct Withdrawal, Excess Specified Reserve over Note Bal {4151} {4252} Collection of Supplemental Servicing - Extension Fees {4252} {4353} Collection of Supplemental Servicing - Repo and Recovery Fees Netted from Gross Liquidation Proceeds Advanced {4353} {4454} Collection of Supplemental Servicing - Late Fees, Prepayment Penalty Fees & Force Placed Insurance {4454} {4555} Total Available Funds {4555} Distributions: {4656} Base Servicing Fee {4656} {4757} Repo and Recovery Fees - reimbursed to Servicer {4757} {4858} Bank Service Charges - reimbursed to Servicer {4858} {4959} Late Fees, Prepayment Penalty Fees & Force Placed Insurance - to Servicer {4959} {5060} Trustee and Trust Collateral Agent Fees {5060} {51} Asset Representations Reviewer Fee {51} {5261} Owner Trustee Fee {5261} {5362} Class A-1 Noteholders’ Interest Distributable Amount pari passu {5362} {5463} Class A-2A A-2 Noteholders’ Interest Distributable Amount pari passu {5463} {55} Class A-2B Noteholders’ Interest Distributable Amount pari passu {55} {5664} Class A-3 Noteholders’ Interest Distributable Amount pari passu {5664} {5765} Class A-4 A Noteholders’ Interest Distributable Principal Parity Amount pari passu or Matured Principal Shortfall {5765} {58} First Priority Principal Distribution Amount {58} {5966} Class B Noteholders’ Interest Distributable Amount {5966} {6067} Second Priority Class B Noteholders’ Principal Distribution Parity Amount or Matured Principal Shortfall {6067} {6168} Class C Noteholders’ Interest Distributable Amount {6168} {6269} Third Priority Class C Noteholders’ Principal Distribution Parity Amount or Matured Principal Shortfall {6269} {6370} Class D Noteholders’ Interest Distributable Amount {6370} {6471} Fourth Priority Class D Noteholders’ Principal Distribution Parity Amount or Matured Principal Shortfall {71} {72} Class E Noteholders’ Interest Distributable Amount {6472} {6573} Class E Noteholders’ Principal Parity Amount or Matured Principal Shortfall {73} {74} Noteholders’ Principal Distributable Amount {74} {75} To the Reserve Account, the Reserve Account Deposit Amount {6575} {6676} To the Noteholders, Noteholder’s the Accelerated Principal Distributable Amount (as calculated below) {6676} {6777} Add’l fees (Trustee, Asset Represtentations Reviewer, Owner Trustee, Trust Collateral Agent, Lockbox Bank & Processor) {6777} {6878} To the Certificateholders, the aggregate amount remaining {6878} {79} Total Distributions {79} VlI. CALCULATION OF PRIORITY PRINCIPAL DISTRIBUTION PARITY AMOUNT Class (X) Cumulative Note Balance (Y) Cumulative Adjusted Pool Balance (I) Excess of Priority Principal Class Note Balance Balance (X) - (Y) Distribution {70} First Priority {71} Second Priority {72} Third Priority {73} Fourth Priority {74} Total CALCULATION OF NOTEHOLDERS’ PRINCIPAL DISTRUBUTABLE AMOUNT {75} Excess Total (II) Available Funds {75} {76} Beginning Note Balance {76} {77} Principal payments {77} {78} Pro Forma Note Balance {78} {79} Adjusted Pool Balance {79} {80} % in Waterfall Lesser of Original Adjusted Pool Balance ($________I) or (II) {80} Class A {81} Class B {82} Class C {83} Class D {84} Class E {85} Total VlII. CALCULATION OF ACCELERATED PRINCIPAL AMOUNT: {86} Excess Available Funds {86} {87} Pro-Forma Note Balance (Calculated after Step-Down) {87} {88} Required Pro Forma Note Balance {79} minus {80} {81} {82} Excess of Pro Forma Note Balance over Required Pro Forma Balance {78} minus {81} {82} {83} Noteholder’s Principal Distributable Amount (Lesser of {75} and {82} {83} RECONCILIATION OF RESERVE ACCOUNT Current {84} Specified Reserve Balance {85} Beginning of period Reserve Account balance {85} {86} The Reserve Account Deposit, from Collection Account {86} {87} Investment Earnings {87} {88} Investment Earnings - transferred to Collection Account Available Funds {88} {89} Reserve Account Withdrawal Amount Excess of Pro-Forma Balance over Required Pro-Forma Balance {89} {90} End Lesser of period Reserve Account balance {90} CALCULATION OF TOTAL OVERCOLLATERALIZATION {91} Aggregate Principal Balance {91} {92} End Excess Available Funds or Excess of Period Pro-Forma Note Balance {92} {93} Overcollateralization {93} {94} Overcollateralization % {94} CALCULATION OF TOTAL OVERCOLLATERALIZATION (ADJUSTED PRINCIPAL BALANCE) {95} Aggregate Adjusted Principal Balance {95} {96} End of Period Note Balance {96} {97} Overcollateralization {97} {98} Overcollateralization % {98} MONTHLY PERIOD AND CUMULATIVE NUMBER OF RECEIVABLES CALCULATION Cumulative Monthly {99} Original Number of Receivables {99} {100} Beginning of period number of Receivables {100} {101} Number of Receivables becoming Liquidated Receivables during period {101} {102} Number of Receivables becoming Purchased Receivables during period {102} {103} Number of Receivables paid off during period {103} {104} End of period number of Receivables {104} STATISTICAL DATA (CURRENT AND HISTORICAL) Original Prev. Month Current {105} Weighted Average APR of the Receivables {105} {106} Weighted Average Remaining Term of the Receivables {106} {107} Weighted Average Original Term of Receivables {107} {108} Average Receivable Balance {108} {109} Net Losses in Period {109} {110} Aggregate Realized Losses {110} {111} Aggregate Realized Loss Percentage {111} {112} ABS Prepay Speed {112} DELINQUENCY Units Dollars Percentage Receivables with Scheduled Payment delinquent {113} 31-60 days {113} {114} 61-90 days {114} {115} 91-120 days {115} {116} Total {116} ASSET REPRESENTATIONS REVIEW DELINQUENCY TRIGGER Dollars Percentage {115} Receivables with Scheduled Payment delinquent 61 days or more {115} {116} Compliance (Trigger Violation is a Delinquency Rate Greater Than ___% ) {116} EXTENSIONS {117} Principal Balance of Receivables extended during current period {117} {118} Beginning of Period Aggregate Principal Balance {118} {119} Extension Rate {117} divided by {118} {119} CREDIT RISK RETENTION (1) Dollars Percentage {120} Fair Value of Residual Interest {120} {121} Class D Fair Value {121} {122} Total Fair Value of Residual Interest + Class D Fair Value {122} {123} Total Fair Value of Notes and Residual Interest {123} Compliance (Fair Value must be at least ___% of the aggregate value of the Notes and Residual Interest)90}

RECONCILIATION OF COLLECTION ACCOUNT. Available Funds: {3848} Collections on Receivables during period (net of Liquidation Proceeds and Fees) {48} {49} Liquidation Proceeds collected during period (net of Fees) {3849} {3950} Purchase Amounts or amounts from Servicer deposited in Collection Account {3950} {4051} Investment Earnings - Collection Account {4051} {4152} From Reserve Acct - Investment Earnings, Reserve Acct Withdrawal, Excess Specified Reserve over Note Bal {4152} {4253} Collection of Supplemental Servicing - Extension Fees {4253} {4354} Collection of Supplemental Servicing - Repo and Recovery Fees Netted from Gross Liquidation Proceeds Advanced {4354} {4455} Collection of Supplemental Servicing - Late Fees, Prepayment Penalty Fees & Force Placed Insurance {4455} {4556} Total Available Funds {4556} Distributions: {4657} Base Servicing Fee {4657} {4758} Repo and Recovery Fees - reimbursed to Servicer {4758} {4859} Bank Service Charges - reimbursed to Servicer {4859} {4960} Late Fees, Prepayment Penalty Fees & Force Placed Insurance - to Servicer {4960} {5061} Trustee and Trust Collateral Agent Fees {5061} {51} Asset Representations Reviewer Fee {51} {5262} Owner Trustee Fee {5262} {5363} Class A-1 Noteholders’ Interest Distributable Amount pari passu {5363} {5464} Class A-2A Noteholders’ Interest Distributable Amount pari passu {5464} {5565} Class A-2B Noteholders’ Interest Distributable Amount pari passu {5565} {5666} Class A-3 Noteholders’ Interest Distributable Amount pari passu {5666} {5767} Class A-4 A Noteholders’ Interest Distributable Principal Parity Amount pari passu or Matured Principal Shortfall {5767} {58} First Priority Principal Distribution Amount {58} {5968} Class B Noteholders’ Interest Distributable Amount {5968} {6069} Second Priority Class B Noteholders’ Principal Distribution Parity Amount or Matured Principal Shortfall {6069} {6170} Class C Noteholders’ Interest Distributable Amount {6170} {6271} Third Priority Class C Noteholders’ Principal Distribution Parity Amount or Matured Principal Shortfall {6271} {6372} Class D Noteholders’ Interest Distributable Amount {6372} {6473} Fourth Priority Class D Noteholders’ Principal Distribution Parity Amount or Matured Principal Shortfall {73} {74} Class E Noteholders’ Interest Distributable Amount {6474} {6575} Class E Noteholders’ Principal Parity Amount or Matured Principal Shortfall {75} {76} Noteholders’ Principal Distributable Amount {76} {77} To the Reserve Account, the Reserve Account Deposit Amount {6577} {6678} To the Noteholders, Noteholder’s the Accelerated Principal Distributable Amount (as calculated below) {6678} {67} Add’l fees (Trustee, Asset Represtentations Reviewer, Owner Trustee, Trust Collateral Agent) {67} {6880} To the Certificateholders, the aggregate amount remaining {6880} {81} Total Distributions {81} VlI. CALCULATION OF PRIORITY PRINCIPAL DISTRIBUTION PARITY AMOUNT: Class (X) Cumulative Note Balance (Y) Cumulative Adjusted Pool Balance (I) Excess of Priority Principal Class Note Balance Balance (X) - (Y) Distribution {70} First Priority {71} Second Priority {72} Third Priority {73} Fourth Priority {74} Total CALCULATION OF NOTEHOLDERS’ PRINCIPAL DISTRUBUTABLE AMOUNT {75} Excess Total (II) Available Funds {75} {76} Beginning Note Balance {76} {77} Principal payments {77} {78} Pro Forma Note Balance {78} {79} Adjusted Pool Balance {79} {80} % in Waterfall Lesser of Original Adjusted Pool Balance ($________I) {80} {81} Required Pro Forma Note Balance {79} minus {80} {81} {82} Excess of Pro Forma Note Balance over Required Pro Forma Balance {78} minus {81} or (II) {82} {83} Noteholder’s Principal Distributable Amount (Lesser of {75} and {82} {83} RECONCILIATION OF RESERVE ACCOUNT Current {84} Specified Reserve Balance {85} Beginning of period Reserve Account balance {85} {86} The Reserve Account Deposit, from Collection Account {86} {87} Investment Earnings {87} VlII. CALCULATION OF ACCELERATED PRINCIPAL AMOUNT: {88} Investment Earnings - transferred to Collection Account Excess Available Funds {88} {89} Reserve Account Withdrawal Amount Pro-Forma Note Balance (Calculated after Step-Down) {89} {90} End of period Reserve Account balance Required Pro Forma Note Balance {90} CALCULATION OF TOTAL OVERCOLLATERALIZATION {91} Aggregate Principal Excess of Pro-Forma Balance over Required Pro-Forma Balance {91} {92} End Lesser of Period Excess Available Funds or Excess of Pro-Forma Note Balance {92} {93} Overcollateralization {93} {94} Overcollateralization % {94} CALCULATION OF TOTAL OVERCOLLATERALIZATION (ADJUSTED PRINCIPAL BALANCE) {95} Aggregate Adjusted Principal Balance {95} {96} End of Period Note Balance {96} {97} Overcollateralization {97} {98} Overcollateralization % {98} MONTHLY PERIOD AND CUMULATIVE NUMBER OF RECEIVABLES CALCULATION Cumulative Monthly {99} Original Number of Receivables {99} {100} Beginning of period number of Receivables {100} {101} Number of Receivables becoming Liquidated Receivables during period {101} {102} Number of Receivables becoming Purchased Receivables during period {102} {103} Number of Receivables paid off during period {103} {104} End of period number of Receivables {104} STATISTICAL DATA (CURRENT AND HISTORICAL) Original Prev. Month Current {105} Weighted Average APR of the Receivables {105} {106} Weighted Average Remaining Term of the Receivables {106} {107} Weighted Average Original Term of Receivables {107} {108} Average Receivable Balance {108} {109} Net Losses in Period {109} {110} Aggregate Realized Losses {110} {111} Aggregate Realized Loss Percentage {111} {112} ABS Prepay Speed {112} DELINQUENCY Units Dollars Percentage Receivables with Scheduled Payment delinquent {113} 31-60 days {113} {114} 61-90 days {114} {115} 91-120 days {115} {116} Total {116} ASSET REPRESENTATIONS REVIEW DELINQUENCY TRIGGER Dollars Percentage {115} Receivables with Scheduled Payment delinquent 61 days or more {115} {116} Compliance (Trigger Violation is a Delinquency Rate Greater Than ___% ) {116} EXTENSIONS {117} Principal Balance of Receivables extended during current period {117} {118} Beginning of Period Aggregate Principal Balance {118} {119} Extension Rate {117} divided by {118} {119} CREDIT RISK RETENTION (1) Dollars Percentage {120} Fair Value of Residual Interest {120} {121} Class D Fair Value {121} {122} Total Fair Value of Residual Interest + Class D Fair Value {122} {123} Total Fair Value of Notes and Residual Interest {123} Compliance (Fair Value must be at least ___% of the aggregate value of the Notes and Residual Interest)}

RECONCILIATION OF COLLECTION ACCOUNT. Available Availale Funds: {3847} Collections on Receivables during period (net of Liquidation Proceeds and Fees) {47} ___________ {48} Liquidation Proceeds collected during period (net of Fees) {3848} ___________ {3949} Purchase Amounts or amounts from Servicer deposited in Collection Account {3949} ___________ {4050} Investment Earnings - Collection Account {4050} ___________ {4151} From Reserve Acct Account - Investment Earnings, Reserve Acct Account Withdrawal, Excess of Specified Reserve over Note Bal Balance {4151} ___________ {4252} Collection of Supplemental Servicing - Extension Fees {4252} ___________ {4353} Collection of Supplemental Servicing - Repo and Recovery Fees Netted from Gross Liquidation Proceeds Advanced {4353} ___________ {4454} Collection of Supplemental Servicing - Late Fees, Prepayment Penalty Fees & Force Placed Insurance {4454} ___________ {4555} Total Available Funds {4555} ___________ Distributions: {4656} Base Servicing Fee {4656} ___________ {4757} Repo and Recovery Fees - reimbursed to Servicer {4757} ___________ {4858} Bank Service Charges - reimbursed to Servicer {4858} ___________ {4959} Late Fees, Prepayment Penalty Fees & Force Placed Insurance - to Servicer {4959} ___________ {5060} Trustee and Trust Collateral Agent fees {60} ___________ {61} Backup Servicing Fees {5061} ___________ {51} Asset Representations Reviewer Fee {51} {5262} Owner Trustee Fee {5262} ___________ {5363} Class A-1 Noteholders’ Interest Distributable Amount pari passu {5363} ___________ {5464} Class A-2A A-2 Noteholders’ Interest Distributable Amount pari passu {5464} ___________ {55} Class A-2B Noteholders’ Interest Distributable Amount pari passu {55} {5665} Class A-3 Noteholders’ Interest Distributable Amount pari passu {5665} ___________ {5766} Class A-4 A Noteholders’ Interest Distributable Principal Parity Amount pari passu or Matured Principal Shortfall {5766} ___________ {58} First Priority Principal Distribution Amount {58} {5967} Class B Noteholders’ Interest Distributable Amount {5967} ___________ {6068} Second Priority Class B Noteholders’ Principal Distribution Parity Amount or Matured Principal Shortfall {6068} ___________ {6169} Class C Noteholders’ Interest Distributable Amount {6169} ___________ {6270} Third Priority Class C Noteholders’ Principal Distribution Parity Amount or Matured Principal Shortfall {6270} ___________ {6371} Class D Noteholders’ Interest Distributable Amount {6371} ___________ {6472} Fourth Priority Class D Noteholders’ Principal Distribution Parity Amount or Matured Principal Shortfall {72} ___________ {73} Class E Noteholders’ Interest Distributable Amount {6473} ___________ {6574} Class E Noteholders’ Principal Parity Amount or Matured Principal Shortfall {74} ___________ {75} Noteholders’ Principal Distributable Amount {75} ___________ {76} To the Reserve Account, the Reserve Account Deposit Amount {6576} ___________ {6677} To the Noteholders, Noteholder’s the Accelerated Principal Distributable Amount (as calculated below) {6677} ___________ {6778} Add’l Additional fees (Indenture Trustee, Asset Represtentations Reviewer, Owner Trustee, Trust Collateral Agent, Backup Servicer, Lockbox Bank, Lockbox Processor) {6778} ___________ {6879} To the Certificateholders, the aggregate amount remaining {68} CALCULATION OF PRIORITY PRINCIPAL DISTRIBUTION (X) (Y) Cumulative Adjusted Pool Excess of Priority Principal Class Note Balance Balance (X) - (Y) Distribution {70} First Priority {71} Second Priority {72} Third Priority {73} Fourth Priority {74} Total CALCULATION OF NOTEHOLDERS’ PRINCIPAL DISTRUBUTABLE AMOUNT {75} Excess Total Available Funds {75} {76} Beginning Note Balance {76} {77} Principal payments {77} {78} Pro Forma Note Balance {78} {79} Adjusted Pool Balance {79} {80} % of Original Adjusted Pool Balance ($________) ___ {80} {81} Required Pro Forma Note Balance {79} minus Total Distributions {80} {81} {82} Excess of Pro Forma Note Balance over Required Pro Forma Balance {78} minus {81} {82} {83} Noteholder’s Principal Distributable Amount (Lesser of {75} and {82} {83} RECONCILIATION OF RESERVE ACCOUNT Current {84} Specified Reserve Balance {85} Beginning of period Reserve Account balance {85} {86} The Reserve Account Deposit, from Collection Account {86} {87} Investment Earnings {87} {88} Investment Earnings - transferred to Collection Account Available Funds {88} {89} Reserve Account Withdrawal Amount {89} {90} End of period Reserve Account balance {90} CALCULATION OF TOTAL OVERCOLLATERALIZATION {91} Aggregate Principal Balance {91} {92} End of Period Note Balance {92} {93} Overcollateralization {93} {94} Overcollateralization % {94} CALCULATION OF TOTAL OVERCOLLATERALIZATION (ADJUSTED PRINCIPAL BALANCE) {95} Aggregate Adjusted Principal Balance {95} {96} End of Period Note Balance {96} {97} Overcollateralization {97} {98} Overcollateralization % {98} MONTHLY PERIOD AND CUMULATIVE NUMBER OF RECEIVABLES CALCULATION Cumulative Monthly {99} Original Number of Receivables {99} {100} Beginning of period number of Receivables {100} {101} Number of Receivables becoming Liquidated Receivables during period {101} {102} Number of Receivables becoming Purchased Receivables during period {102} {103} Number of Receivables paid off during period {103} {104} End of period number of Receivables {104} STATISTICAL DATA (CURRENT AND HISTORICAL) Original Prev. Month Current {105} Weighted Average APR of the Receivables {105} {106} Weighted Average Remaining Term of the Receivables {106} {107} Weighted Average Original Term of Receivables {107} {108} Average Receivable Balance {108} {109} Net Losses in Period {109} {110} Aggregate Realized Losses {110} {111} Aggregate Realized Loss Percentage {111} {112} ABS Prepay Speed {112} DELINQUENCY Units Dollars Percentage Receivables with Scheduled Payment delinquent {113} 31-60 days {113} {114} 61-90 days {114} {115} 91-120 days {115} {116} Total {116} ASSET REPRESENTATIONS REVIEW DELINQUENCY TRIGGER Dollars Percentage {115} Receivables with Scheduled Payment delinquent 61 days or more {115} {116} Compliance (Trigger Violation is a Delinquency Rate Greater Than ___% ) {116} EXTENSIONS {117} Principal Balance of Receivables extended during current period {117} {118} Beginning of Period Aggregate Principal Balance {118} {119} Extension Rate {117} divided by {118} {119} CREDIT RISK RETENTION (1) Dollars Percentage {120} Fair Value of Residual Interest {120} {121} Class D Fair Value {121} {122} Total Fair Value of Residual Interest + Class D Fair Value {122} {123} Total Fair Value of Notes and Residual Interest {123} Compliance (Fair Value must be at least ___% of the aggregate value of the Notes and Residual Interest)==========

RECONCILIATION OF COLLECTION ACCOUNT. Available Funds: {3845} Collections on Receivables during period (net of Liquidation Proceeds and Fees) {45} {46} Liquidation Proceeds collected during period (net of Fees) {3846} {3947} Purchase Amounts or amounts from Servicer deposited in Collection Account {3947} {4048} Investment Earnings - Collection Account {4048} {4149} Investment Earnings - Transfer From Reserve Acct - Investment Earnings, Reserve Acct Withdrawal, Excess Specified Reserve over Note Bal Prefunding Account {4149} {4250} Investment Earnings - Transfer From Capitalized Interest Account {50} {51} Collection of Supplemental Servicing - Extension Fees {4251} {4352} Collection of Supplemental Servicing - Repo and Recovery Fees Netted from Gross Liquidation Proceeds Advanced {4352} {4453} Collection of Supplemental Servicing - Late Fees, Prepayment Penalty Fees & Force Placed Insurance {4453} {4554} Monthly Capitalized Interest Amount {54} {55} Mandatory Note Prepayment Amount {55} {56} Proceeds from Swap Agreement {56} {57} Total Available Funds {4557} Distributions: {4658} Swap Payments to Swap Provider {58} {59} Base Servicing Fee - to Servicer {4659} {4760} Repo and Recovery Fees - reimbursed to Servicer {4760} {4861} Bank Service Charges - reimbursed to Servicer {48} {49} Late Fees, Prepayment Penalty Fees & Force Placed Insurance - to Servicer {49} {50} Trustee and Trust Collateral Agent Fees {50} {51} Asset Representations Reviewer Fee {51} {52} Owner Trustee Fee {52} {53} Class A-1 Noteholders’ Interest Distributable Amount pari passu {53} {54} Class A-2A Noteholders’ Interest Distributable Amount pari passu {54} {55} Class A-2B Noteholders’ Interest Distributable Amount pari passu {55} {56} Class A-3 Noteholders’ Interest Distributable Amount pari passu {56} {57} Class A-4 Noteholders’ Interest Distributable Amount pari passu {57} {58} First Priority Principal Distribution Amount {58} {59} Class B Noteholders’ Interest Distributable Amount {59} {60} Second Priority Principal Distribution Amount {60} {61} Class C Noteholders’ Interest Distributable Amount {61} {62} Third Priority Principal Distribution Amount Late Fees - to Servicer {62} {63} Class D Backup Servicing Fees {63} Noteholders’ Interest Distributable Amount {63} Class Beginning Note Balance Interest Carryover Interest Rate Days Days Basis Calculated Interest {64} Fourth Priority Principal Distribution Amount Class A - 1 5.3196% Actual days/360 {64} {65} To the Reserve Account, the Reserve Account Deposit Amount Class A - 2 5.3100% 30/360 {65} {66} To the Noteholders, Noteholder’s Principal Distributable Amount (as calculated below) Class A-3-A 5.1600% 30/360 {66} {67} Add’l fees (Trustee, Asset Represtentations Reviewer, Owner Trustee, Trust Collateral Agent) Class A-3-B Libor + 0.02% Actual days/360 {67} {68} To the Certificateholders, the aggregate amount remaining Class A - 4 Libor + 0.05% Actual days/360 {68} CALCULATION OF PRIORITY PRINCIPAL DISTRIBUTION (X) (Y) Cumulative Adjusted Pool Noteholders’ Principal Distributable Amount Class Principal Distributable Principal Carryover Excess of Priority Principal Due Mandatory Note Prepayment Total Principal {69} Class Note Balance Balance (X) A - (Y) Distribution 1 {69} {70} First Priority Class A - 2 {70} {71} Second Priority Class A-3-A {71} {72} Third Priority Class A-3-B {72} {73} Fourth Priority Class A - 4 {73} {74} Total CALCULATION OF NOTEHOLDERS’ PRINCIPAL DISTRUBUTABLE AMOUNT Security Insurer Premiums - to FSA {74} {75} Excess Total Available Funds distributions {75} {76} Beginning Note Balance Excess Available Funds (or Deficiency Claim Amount ) {76} {77} Principal payments Any Remaining Amounts owed to FSA under the Insurance Agreement {77} {78} Pro Forma Note Balance Deposit to Spread Account to Increase to Required Level {78} {79} Adjusted Pool Balance Noteholders’ Accelerated Principal Amount {79} {80} % of Original Adjusted Pool Balance ($________) Swap Termination Payments to Swap Provider {80} {81} Required Pro Forma Note Balance {79} minus {80} Deposit to Spread Account {81} VlII. CALCULATION OF ACCELERATED PRINCIPAL AMOUNT {82} Excess of Pro Forma Note Balance over Available Funds After Amount to Increase Spread to Required Pro Forma Balance Level ({76} - {78} minus {81} }) {82} {83} Noteholder’s Principal Distributable Amount Pro-forma Note Balance (Lesser of {7513} and - {82} 9}) {83} RECONCILIATION OF RESERVE ACCOUNT Current {84} Specified Reserve Required Pro-forma Note Balance (the product of 100%-OC Amount {31} and the Aggregate Principal Bal. {10}) {84} {85} Beginning Excess of period Reserve Account balance Pro Forma Balance over Required Balance ({83} - {84}) {85} {86} The Reserve Account Deposit, from Collection Account Accelerated Principal Amount (lesser of {82} or {85}) {86} {87} Investment Earnings {87} {88} Investment Earnings - transferred to Collection Account Available Funds {88} {89} Reserve Account Withdrawal Amount {89} {90} End of period Reserve Account balance {90} CALCULATION OF TOTAL OVERCOLLATERALIZATION {91} Aggregate Principal Balance {91} {92} End of Period Note Balance {92} {93} Overcollateralization {93} {94} Overcollateralization % {94} CALCULATION OF TOTAL OVERCOLLATERALIZATION (ADJUSTED PRINCIPAL BALANCE) {95} Aggregate Adjusted Principal Balance {95} {96} End of Period Note Balance {96} {97} Overcollateralization {97} {98} Overcollateralization % {98} MONTHLY PERIOD AND CUMULATIVE NUMBER OF RECEIVABLES CALCULATION Cumulative Monthly {99} Original Number of Receivables {99} {100} Beginning of period number of Receivables {100} {101} Number of Receivables becoming Liquidated Receivables during period {101} {102} Number of Receivables becoming Purchased Receivables during period {102} {103} Number of Receivables paid off during period {103} {104} End of period number of Receivables {104} STATISTICAL DATA (CURRENT AND HISTORICAL) Original Prev. Month Current {105} Weighted Average APR of the Receivables {105} {106} Weighted Average Remaining Term of the Receivables {106} {107} Weighted Average Original Term of Receivables {107} {108} Average Receivable Balance {108} {109} Net Losses in Period {109} {110} Aggregate Realized Losses {110} {111} Aggregate Realized Loss Percentage {111} {112} ABS Prepay Speed {112} DELINQUENCY Units Dollars Percentage Receivables with Scheduled Payment delinquent {113} 31-60 days {113} {114} 61-90 days {114} {115} 91-120 days {115} {116} Total {116} ASSET REPRESENTATIONS REVIEW DELINQUENCY TRIGGER Dollars Percentage {115} Receivables with Scheduled Payment delinquent 61 days or more {115} {116} Compliance (Trigger Violation is a Delinquency Rate Greater Than ___% ) {116} EXTENSIONS {117} Principal Balance of Receivables extended during current period {117} {118} Beginning of Period Aggregate Principal Balance {118} {119} Extension Rate {117} divided by {118} {119} CREDIT RISK RETENTION (1) Dollars Percentage {120} Fair Value of Residual Interest {120} {121} Class D Fair Value {121} {122} Total Fair Value of Residual Interest + Class D Fair Value {122} {123} Total Fair Value of Notes and Residual Interest {123} Compliance (Fair Value must be at least ___% of the aggregate value of the Notes and Residual Interest)}

RECONCILIATION OF COLLECTION ACCOUNT. Available Funds: Funds {17} Total Principal Payments (including repurchased receivables + Reversal of Earned Finance Charges for Cash Option & EPNI Receivables) {17} {18} Recoveries {18} {19} Finance Charges (less reversal of Earned Financed Charges for Cash Option Receivables) {19} {20} Other amounts received {20} {21} Reserve Fund and Collection Account Interest {21} {22} Total Available Funds {22} Recoveries {23} Principal recoveries received (net of recovery expenses) {23} {24} RSA refunds received Sales {24} {25} tax refunds received Total {25} {26} Recoveries {26} Distributions {27} (i1a) Trustee and Note Registrar fees and expenses {27} {28} (i1b) Receivables Trust Trustee fees and expenses (i1c) {28} {29} Servicer fees and expenses {29} {30} (i1d) Back-Up Servicer fees and expenses {30} {32} (ii) Backup Servicing Fee and Servicing Transition Costs, if any (cap of $115,000 on all Payment Dates) {32} {33} (iii) Servicing Fee {33} {34} (ivx) Monthly Interest {34} {35} (ivy) Hedge Payment Amounts {35} {37} Principal payment to reduce the Note Balance to the Target Class A Principal Amount {37} {38} Liquidation Proceeds collected during period (net vix2) Note Balance Decrease of Feesthe Notes (if any) and pay (if applicable) any due and unpaid Breakage Fee {38} {39} Purchase Amounts or amounts from Servicer deposited in Collection Account (viy) Payment of any Hedge Breakage Costs where Hedge Counterparty is not sole Defaulting Party {39} {40} Investment Earnings - Collection Account (vii) Additional fee and expenses to the Receivables Trust Trustee, Trustee, Note Registrar, Servicer, Back-up Servicer, Noteholders and Administrative Agent to the extent not paid in (i) {40} {41} From Reserve Acct - Investment Earnings(viii) Any indemnified amounts due to the Receivables Trust Trustee, Reserve Acct WithdrawalIndenture Trustee, Excess Specified Reserve over Note Bal Servicer, Back-up Servicer, and any other Person entitled thereto {41} {42} Collection (ix) Payment of Supplemental Servicing - Extension Fees any Hedge Breakage Costs where Hedge Counterparty is sole Defaulting Party {42} {43} Collection of Supplemental Servicing - Repo and Recovery Fees Netted from Gross Liquidation Proceeds (x) Remaining amounts to the Issuer {43} {44} Collection of Supplemental Servicing - Late Fees, Prepayment Penalty Fees & Force Placed Insurance Total Distribution Amount {44} {45} Total Available Funds {45} DistributionsCONN’S RECEIVABLES WAREHOUSE Monthly Warehouse Report Monthly Period Beginning: {46} Base Servicing Fee {46} {47} Repo and Recovery Fees - reimbursed to Servicer {47} {48} Bank Service Charges - reimbursed to Servicer {48} {49} Late Fees, Prepayment Penalty Fees & Force Placed Insurance - to Servicer {49} {50} Trustee and Trust Collateral Agent Fees {50} {51} Asset Representations Reviewer Fee {51} {52} Owner Trustee Fee {52} {53} Class A-1 Noteholders’ Interest Distributable Amount pari passu {53} {54} Class A-2A Noteholders’ Interest Distributable Amount pari passu {54} {55} Class A-2B Noteholders’ Interest Distributable Amount pari passu {55} {56} Class A-3 Noteholders’ Interest Distributable Amount pari passu {56} {57} Class A-4 Noteholders’ Interest Distributable Amount pari passu {57} {58} First Priority Principal Distribution Amount {58} {59} Class B Noteholders’ Interest Distributable Amount {59} {60} Second Priority Principal Distribution Amount {60} {61} Class C Noteholders’ Interest Distributable Amount {61} {62} Third Priority Principal Distribution Amount {62} {63} Class D Noteholders’ Interest Distributable Amount {63} {64} Fourth Priority Principal Distribution Amount {64} {65} To the Reserve Account, the Reserve Account Deposit Amount {65} {66} To the Noteholders, Noteholder’s Principal Distributable Amount (as calculated below) {66} {67} Add’l fees (Trustee, Asset Represtentations Reviewer, Owner Trustee, Trust Collateral Agent) {67} {68} To the Certificateholders, the aggregate amount remaining {68} CALCULATION OF PRIORITY PRINCIPAL DISTRIBUTION (X) (Y) Cumulative Adjusted Pool Excess of Priority Principal Class Note Balance Balance (X) - (Y) Distribution {70} First Priority {71} Second Priority {72} Third Priority {73} Fourth Priority {74} Total CALCULATION OF NOTEHOLDERS’ PRINCIPAL DISTRUBUTABLE AMOUNT {75} Excess Total Available Funds {75} {76} Beginning Note Balance {76} {77} Principal payments {77} {78} Pro Forma Note Balance {78} {79} Adjusted Pool Balance {79} {80} % of Original Adjusted Pool Balance ($________) {80} {81} Required Pro Forma Note Balance {79} minus {80} {81} {82} Excess of Pro Forma Note Balance over Required Pro Forma Balance {78} minus {81} {82} {83} Noteholder’s Principal Distributable Amount (Lesser of {75} and {82} {83} RECONCILIATION OF RESERVE ACCOUNT Current {84} Specified Reserve Balance {85} Beginning of period Reserve Account balance {85} {86} The Reserve Account Deposit, from Collection Account {86} {87} Investment Earnings {87} {88} Investment Earnings - transferred to Collection Account Available Funds {88} {89} Reserve Account Withdrawal Amount {89} {90} End of period Reserve Account balance {90} CALCULATION OF TOTAL OVERCOLLATERALIZATION {91} Aggregate Principal Balance {91} {92} End of Monthly Period Note Balance {92} {93} Overcollateralization {93} {94} Overcollateralization % {94} CALCULATION OF TOTAL OVERCOLLATERALIZATION (ADJUSTED PRINCIPAL BALANCE) {95} Aggregate Adjusted Principal Balance {95} {96} End of Period Note Balance {96} {97} Overcollateralization {97} {98} Overcollateralization % {98} MONTHLY PERIOD AND CUMULATIVE NUMBER OF RECEIVABLES CALCULATION Cumulative Monthly {99} Original Number of Receivables {99} {100} Beginning of period number of Receivables {100} {101} Number of Receivables becoming Liquidated Receivables during period {101} {102} Number of Receivables becoming Purchased Receivables during period {102} {103} Number of Receivables paid off during period {103} {104} End of period number of Receivables {104} STATISTICAL DATA (CURRENT AND HISTORICAL) Original Prev. Month Current {105} Weighted Average APR of the Receivables {105} {106} Weighted Average Remaining Term of the Receivables {106} {107} Weighted Average Original Term of Receivables {107} {108} Average Receivable Balance {108} {109} Net Losses in Period {109} {110} Aggregate Realized Losses {110} {111} Aggregate Realized Loss Percentage {111} {112} ABS Prepay Speed {112} DELINQUENCY Units Dollars Percentage Receivables with Scheduled Ending: Previous Payment delinquent {113} 31-60 days {113} {114} 61-90 days {114} {115} 91-120 days {115} {116} Total {116} ASSET REPRESENTATIONS REVIEW DELINQUENCY TRIGGER Dollars Percentage {115} Receivables with Scheduled Date/Close Date: Payment delinquent 61 days or more {115} {116} Compliance (Trigger Violation is a Delinquency Rate Greater Than ___% ) {116} EXTENSIONS {117} Principal Balance of Receivables extended during current period {117} {118} Beginning of Period Aggregate Principal Balance {118} {119} Extension Rate {117} divided by {118} {119} CREDIT RISK RETENTION (1) Dollars Percentage {120} Fair Value of Residual Interest {120} {121} Class D Fair Value {121} {122} Total Fair Value of Residual Interest + Class D Fair Value {122} {123} Total Fair Value of Notes and Residual Interest {123} Compliance (Fair Value must be at least ___% of the aggregate value of the Notes and Residual Interest)Date: 30/360 Days:

RECONCILIATION OF COLLECTION ACCOUNT. Available Funds: {3846} Collections on Receivables during period (net of Liquidation Proceeds and Fees) {46} {47} Liquidation Proceeds collected during period (net of Fees) {3847} {3948} Purchase Amounts or amounts from Servicer deposited in Collection Account {3948} {4049} Investment Earnings - Collection Account {4049} {4150} Investment Earnings - Transfer From Reserve Acct - Investment Earnings, Reserve Acct Withdrawal, Excess Specified Reserve over Note Bal Account {4150} {4251} Collection of Supplemental Servicing - Extension Fees {4251} {4352} Collection of Supplemental Servicing - Repo and Recovery Fees Netted from Gross Liquidation Proceeds Advanced {4352} {4453} Collection of Supplemental Servicing - Late Fees, Fees & Prepayment Penalty Fees & Force Placed Insurance {4453} {4554} Total Available Funds {4554} Distributions: {4655} Base Servicing Fee {4655} {4756} Repo and Recovery Fees - reimbursed to Servicer {4756} {4857} Bank Service Charges - reimbursed to Servicer {4857} {4958} Late Fees, Fees & Prepayment Penalty Fees & Force Placed Insurance - to Servicer {4958} {5060} Trustee and Trust Collateral Agent Backup Servicing Fees {5060} {51} Asset Representations Reviewer Fee {51} {5261} Owner Trustee Fee {5261} {5362} Class A-1 Noteholders’ Interest Distributable Amount pari passu {5362} {5465} Class A-2A A Noteholders’ Interest Distributable Principal Parity Amount pari passu or Matured Principal Shortfall {5465} {55} Class A-2B Noteholders’ Interest Distributable Amount pari passu {55} {56} Class A-3 Noteholders’ Interest Distributable Amount pari passu {56} {57} Class A-4 Noteholders’ Interest Distributable Amount pari passu {57} {58} First Priority Principal Distribution Amount {58} {5966} Class B Noteholders’ Interest Distributable Amount {5966} {6067} Second Priority Class B Noteholders’ Principal Distribution Parity Amount or Matured Principal Shortfall {6067} {6168} Class C Noteholders’ Interest Distributable Amount {6168} {6269} Third Priority Class C Noteholders’ Principal Distribution Parity Amount or Matured Principal Shortfall {6269} {6370} Class D Noteholders’ Interest Distributable Amount {6370} {6471} Fourth Priority Class D Noteholders’ Principal Distribution Parity Amount or Matured Principal Shortfall {71} {72} Noteholders’ Principal Distributable Amount {6472} {6573} To the Reserve Account, the Reserve Account Deposit Amount {6573} {6674} To the Noteholders, Noteholder’s the Accelerated Principal Distributable Amount (as calculated below) {6674} {67} Add’l fees (Trustee, Asset Represtentations Reviewer, Owner Trustee, Trust Collateral Agent) {67} {6876} To the Certificateholders, the aggregate amount remaining {6876} {77} Total Distributions {77} 3 Servicer’s Certificate (Exhibit A to Exhibit 4.3) VlI. CALCULATION OF PRIORITY PRINCIPAL DISTRIBUTION PARITY AMOUNT: Class (X) Cumulative Note Balance (Y) Cumulative Adjusted Pool Balance (I) Excess of Priority Principal Class Note Balance Balance (X) - (Y) Distribution (II) Available Funds in Waterfall Lesser of (I) or (II) {7078} First Priority Class A {7179} Second Priority Class B {7280} Third Priority Class C {7381} Fourth Priority Class D {7482} Total VlII. CALCULATION OF NOTEHOLDERS’ ACCELERATED PRINCIPAL DISTRUBUTABLE AMOUNT AMOUNT: {7583} Excess Total Available Funds {7583} {7684} Beginning Note Balance {76} {77} Principal payments {77} {78} Pro Pro-Forma Note Balance (Calculated after Step-Down) {7884} {79} Adjusted Pool Balance {79} {80} % of Original Adjusted Pool Balance ($________) {80} {8185} Required Pro Forma Note Balance {79} minus {80} {81} {82} Excess of Pro Forma Note Balance over Required Pro Forma Balance {78} minus {81} {82} {83} Noteholder’s Principal Distributable Amount (Lesser of {75} and {82} {83} RECONCILIATION OF RESERVE ACCOUNT Current {84} Specified Reserve Balance {85} Beginning of period Reserve Account balance {85} {86} The Reserve Account Deposit, from Collection Account Excess of Pro-Forma Balance over Required Pro-Forma Balance {86} {87} Investment Earnings {87} {88} Investment Earnings - transferred to Collection Account Lesser of Excess Available Funds {88} {89} Reserve Account Withdrawal Amount {89} {90} End or Excess of period Reserve Account balance {90} CALCULATION OF TOTAL OVERCOLLATERALIZATION {91} Aggregate Principal Balance {91} {92} End of Period Pro-Forma Note Balance {92} {93} Overcollateralization {93} {94} Overcollateralization % {94} CALCULATION OF TOTAL OVERCOLLATERALIZATION (ADJUSTED PRINCIPAL BALANCE) {95} Aggregate Adjusted Principal Balance {95} {96} End of Period Note Balance {96} {97} Overcollateralization {97} {98} Overcollateralization % {98} MONTHLY PERIOD AND CUMULATIVE NUMBER OF RECEIVABLES CALCULATION Cumulative Monthly {99} Original Number of Receivables {99} {100} Beginning of period number of Receivables {100} {101} Number of Receivables becoming Liquidated Receivables during period {101} {102} Number of Receivables becoming Purchased Receivables during period {102} {103} Number of Receivables paid off during period {103} {104} End of period number of Receivables {104} STATISTICAL DATA (CURRENT AND HISTORICAL) Original Prev. Month Current {105} Weighted Average APR of the Receivables {105} {106} Weighted Average Remaining Term of the Receivables {106} {107} Weighted Average Original Term of Receivables {107} {108} Average Receivable Balance {108} {109} Net Losses in Period {109} {110} Aggregate Realized Losses {110} {111} Aggregate Realized Loss Percentage {111} {112} ABS Prepay Speed {112} DELINQUENCY Units Dollars Percentage Receivables with Scheduled Payment delinquent {113} 31-60 days {113} {114} 61-90 days {114} {115} 91-120 days {115} {116} Total {116} ASSET REPRESENTATIONS REVIEW DELINQUENCY TRIGGER Dollars Percentage {115} Receivables with Scheduled Payment delinquent 61 days or more {115} {116} Compliance (Trigger Violation is a Delinquency Rate Greater Than ___% ) {116} EXTENSIONS {117} Principal Balance of Receivables extended during current period {117} {118} Beginning of Period Aggregate Principal Balance {118} {119} Extension Rate {117} divided by {118} {119} CREDIT RISK RETENTION (1) Dollars Percentage {120} Fair Value of Residual Interest {120} {121} Class D Fair Value {121} {122} Total Fair Value of Residual Interest + Class D Fair Value {122} {123} Total Fair Value of Notes and Residual Interest {123} Compliance (Fair Value must be at least ___% of the aggregate value of the Notes and Residual Interest)87}

RECONCILIATION OF COLLECTION ACCOUNT. Available Funds: {3845} Collections on Receivables during period (net of Liquidation Proceeds and Fees) {45} {46} Liquidation Proceeds collected during period (net of Fees) {38} {39} Purchase Amounts or amounts from Servicer deposited in Collection Account {39} {40} Investment Earnings - Collection Account {40} {41} From Reserve Acct - Investment Earnings, Reserve Acct Withdrawal, Excess Specified Reserve over Note Bal {41} {42} Collection of Supplemental Servicing - Extension Fees {42} {43} Collection of Supplemental Servicing - Repo and Recovery Fees Netted from Gross Liquidation Proceeds {43} {44} Collection of Supplemental Servicing - Late Fees, Prepayment Penalty Fees & Force Placed Insurance {44} {45} Total Available Funds {45} Distributions: {46} Base Servicing Fee {46} {47} Repo and Recovery Fees - reimbursed to Servicer Purchase Amounts deposited in Collection {47} {48} Bank Service Charges - reimbursed to Servicer Investment Earnings — Collection Account {48} {49} Late Fees, Prepayment Penalty Fees & Force Placed Insurance - to Servicer Investment Earnings — Transfer From Prefunding Account {49} {50} Trustee and Trust Collateral Agent Fees Investment Earnings — Transfer From Capitalized Interest Account {50} {51} Asset Representations Reviewer Fee Collection of Supplemental Servicing — Extension Fees {51} {52} Owner Trustee Fee Collection of Supplemental Servicing — Repo and Recovery Fees Advanced {52} {53} Class A-1 Noteholders’ Interest Distributable Amount pari passu Collection of Supplemental Servicing — Late Fees {53} {54} Class A-2A Noteholders’ Monthly Capitalized Interest Distributable Amount pari passu {54} {55} Class A-2B Noteholders’ Interest Distributable Mandatory Note Prepayment Amount pari passu {55} {56} Class A-3 Noteholders’ Interest Distributable Amount pari passu Proceeds from Swap Agreement {56} {57} Class A-4 Noteholders’ Interest Distributable Amount pari passu Total Available Funds {57} Distributions: {58} First Priority Principal Distribution Amount Swap Payments to Swap Provider {58} {59} Class B Noteholders’ Interest Distributable Amount Base Servicing Fee — to Servicer {59} {60} Second Priority Principal Distribution Amount Repo and Recovery Fees — reimbursed to Servicer {60} {61} Class C Noteholders’ Interest Distributable Amount Bank Service Charges — reimbursed to Servicer {61} {62} Third Priority Principal Distribution Amount Late Fees — to Servicer {62} {63} Class D Backup Servicing Fees {63} Noteholders’ Interest Distributable Amount {63} Beginning Interest Interest Calculated Class Note Balance Carryover Rate Days Days Basis Interest {64} Fourth Priority Principal Distribution Amount Class A - 1 2.6936 % Actual days/360 {64} {65} To the Reserve Account, the Reserve Account Deposit Amount Class A-2-A 4.4700 % 30/360 {65} {66} To the Noteholders, Noteholder’s Principal Distributable Amount (as calculated below) Class A-2-B Libor + 1.75% Actual days/360 {66} {67} Add’l fees (Trustee, Asset Represtentations Reviewer, Owner Trustee, Trust Collateral Agent) Class A - 3 5.6800 % 30/360 {67} {68} To the Certificateholders, the aggregate amount remaining Class A - 4 6.9600 % 30/360 {68} CALCULATION OF PRIORITY PRINCIPAL DISTRIBUTION (X) (Y) Cumulative Adjusted Pool Noteholders’ Principal Distributable Amount Principal Principal Excess of Priority Mandatory Total Class Distributable Carryover Principal Due Note Prepayment Principal {69} Class Note Balance Balance (X) A - (Y) Distribution 1 {69} {70} First Priority Class A-2-A {70} {71} Second Priority Class A-2-B {71} {72} Third Priority Class A - 3 {72} {73} Fourth Priority Class A - 4 {73} {74} Total CALCULATION OF NOTEHOLDERS’ PRINCIPAL DISTRUBUTABLE AMOUNT Security Insurer Premiums — to FSA {74} {75} Excess Total Available Funds distributions {75} {76} Beginning Note Balance Excess Available Funds (or Deficiency Claim Amount ) {76} {77} Principal payments Any Remaining Amounts owed to FSA under the Insurance Agreement {77} {78} Pro Forma Note Balance Deposit to Spread Account to Increase to Required Level {78} {79} Adjusted Pool Balance Noteholders’ Accelerated Principal Amount {79} {80} % of Original Adjusted Pool Balance ($________) Swap Termination Payments to Swap Provider {80} {81} Required Pro Forma Note Balance {79} minus {80} Deposit to Spread Account {81} {82} Excess of Pro Forma Note Balance over Required Pro Forma Balance {78} minus {81} {82} {83} Noteholder’s Principal Distributable Amount (Lesser of {75} and {82} {83} RECONCILIATION OF RESERVE ACCOUNT Current {84} Specified Reserve Balance {85} Beginning of period Reserve Account balance {85} {86} The Reserve Account Deposit, from Collection Account {86} {87} Investment Earnings {87} {88} Investment Earnings - transferred to Collection Account Available Funds {88} {89} Reserve Account Withdrawal Amount {89} {90} End of period Reserve Account balance {90} CALCULATION OF TOTAL OVERCOLLATERALIZATION {91} Aggregate Principal Balance {91} {92} End of Period Note Balance {92} {93} Overcollateralization {93} {94} Overcollateralization % {94} CALCULATION OF TOTAL OVERCOLLATERALIZATION (ADJUSTED PRINCIPAL BALANCE) {95} Aggregate Adjusted Principal Balance {95} {96} End of Period Note Balance {96} {97} Overcollateralization {97} {98} Overcollateralization % {98} MONTHLY PERIOD AND CUMULATIVE NUMBER OF RECEIVABLES CALCULATION Cumulative Monthly {99} Original Number of Receivables {99} {100} Beginning of period number of Receivables {100} {101} Number of Receivables becoming Liquidated Receivables during period {101} {102} Number of Receivables becoming Purchased Receivables during period {102} {103} Number of Receivables paid off during period {103} {104} End of period number of Receivables {104} STATISTICAL DATA (CURRENT AND HISTORICAL) Original Prev. Month Current {105} Weighted Average APR of the Receivables {105} {106} Weighted Average Remaining Term of the Receivables {106} {107} Weighted Average Original Term of Receivables {107} {108} Average Receivable Balance {108} {109} Net Losses in Period {109} {110} Aggregate Realized Losses {110} {111} Aggregate Realized Loss Percentage {111} {112} ABS Prepay Speed {112} DELINQUENCY Units Dollars Percentage Receivables with Scheduled Payment delinquent {113} 31-60 days {113} {114} 61-90 days {114} {115} 91-120 days {115} {116} Total {116} ASSET REPRESENTATIONS REVIEW DELINQUENCY TRIGGER Dollars Percentage {115} Receivables with Scheduled Payment delinquent 61 days or more {115} {116} Compliance (Trigger Violation is a Delinquency Rate Greater Than ___% ) {116} EXTENSIONS {117} Principal Balance of Receivables extended during current period {117} {118} Beginning of Period Aggregate Principal Balance {118} {119} Extension Rate {117} divided by {118} {119} CREDIT RISK RETENTION (1) Dollars Percentage {120} Fair Value of Residual Interest {120} {121} Class D Fair Value {121} {122} Total Fair Value of Residual Interest + Class D Fair Value {122} {123} Total Fair Value of Notes and Residual Interest {123} Compliance (Fair Value must be at least ___% of the aggregate value of the Notes and Residual Interest)}

RECONCILIATION OF COLLECTION ACCOUNT. Available Funds: {3848} Collections on Receivables during period (net of Liquidation Proceeds and Fees) {48}_________ {49} Liquidation Proceeds collected during period (net of Fees) {38} 49}_________ {3950} Purchase Amounts or amounts from Servicer deposited in Collection Account {39} 50}_________ {4051} Investment Earnings - Collection Account {40} 51}_________ {4152} From Reserve Acct - Investment Earnings, Reserve Acct Withdrawal, Excess Specified Reserve over Note Bal {41} 52}_________ {4253} Collection of Supplemental Servicing - Extension Fees {42} 53}_________ {4354} Collection of Supplemental Servicing - Repo and Recovery Fees Netted from Gross Liquidation Proceeds Advanced {43} 54}_________ {4455} Collection of Supplemental Servicing - Late Fees, Prepayment Penalty Fees & Force Placed Insurance {44} 55}_________ {4556} Total Available Funds {4556} _________ Distributions: {4657} Base Servicing Fee {46} 57}_________ {4758} Repo and Recovery Fees - reimbursed to Servicer {47} 58}_________ {4859} Bank Service Charges - reimbursed to Servicer {48} 59}_________ {4960} Late Fees, Prepayment Penalty Fees & Force Placed Insurance - to Servicer {49} 60}_________ {5061} Trustee and Trust Collateral Agent Fees {50} 61}_________ {51} Asset Representations Reviewer Fee {51} {5262} Owner Trustee Fee {52} 62}_________ {5363} Class A-1 Noteholders’ Interest Distributable Amount pari passu {53} 63}_________ {5464} Class A-2A Noteholders’ Interest Distributable Amount pari passu {54} 64}_________ {5565} Class A-2B Noteholders’ Interest Distributable Amount pari passu {55} 65}_________ {5666} Class A-3 Noteholders’ Interest Distributable Amount pari passu {56} 66}_________ {5767} Class A-4 A Noteholders’ Interest Distributable Principal Parity Amount pari passu or Matured Principal Shortfall {57} 67}_________ {58} First Priority Principal Distribution Amount {58} {5968} Class B Noteholders’ Interest Distributable Amount {5968}_________ {69} Class B Noteholders’ Principal Parity Amount or Matured Principal Shortfall {60} Second Priority Principal Distribution Amount 69}_________ {60} {6170} Class C Noteholders’ Interest Distributable Amount {6170}_________ {71} Class C Noteholders’ Principal Parity Amount or Matured Principal Shortfall {62} Third Priority Principal Distribution Amount 71}_________ {62} {6372} Class D Noteholders’ Interest Distributable Amount {6372}_________ {73} Class D Noteholders’ Principal Parity Amount or Matured Principal Shortfall {6473}_________ {74} Fourth Priority Principal Distribution Class E Noteholders’ Interest Distributable Amount {6474}_________ {75} Class E Noteholders’ Principal Parity Amount or Matured Principal Shortfall {6575}_________ {76} Noteholders’ Principal Distributable Amount {76}_________ {77} To the Reserve Account, the Reserve Account Deposit Amount {65} 77}_________ {6678} To the Noteholders, Noteholder’s the Accelerated Principal Distributable Amount (as calculated below) {66} 78}_________ {6779} Add’l fees (Trustee, Asset Represtentations Reviewer, Owner Trustee, Trust Collateral Agent, Lockbox Bank & Processor) {67} 79}_________ {6880} To the Certificateholders, the aggregate amount remaining {68} CALCULATION OF PRIORITY PRINCIPAL DISTRIBUTION (X) (Y) Cumulative Adjusted Pool Excess of Priority Principal Class Note Balance Balance (X) - (Y) Distribution {70} First Priority {71} Second Priority {72} Third Priority {73} Fourth Priority {74} Total CALCULATION OF NOTEHOLDERS’ PRINCIPAL DISTRUBUTABLE AMOUNT {75} Excess Total Available Funds {75} {76} Beginning Note Balance {76} {77} Principal payments {77} {78} Pro Forma Note Balance {78} {79} Adjusted Pool Balance {79} {80} % of Original Adjusted Pool Balance ($}________) {80} _ {81} Required Pro Forma Note Balance {79} minus {80} Total Distributions {81} {82} Excess of Pro Forma Note Balance over Required Pro Forma Balance {78} minus {81} {82} {83} Noteholder’s Principal Distributable Amount (Lesser of {75} and {82} {83} RECONCILIATION OF RESERVE ACCOUNT Current {84} Specified Reserve Balance {85} Beginning of period Reserve Account balance {85} {86} The Reserve Account Deposit, from Collection Account {86} {87} Investment Earnings {87} {88} Investment Earnings - transferred to Collection Account Available Funds {88} {89} Reserve Account Withdrawal Amount {89} {90} End of period Reserve Account balance {90} CALCULATION OF TOTAL OVERCOLLATERALIZATION {91} Aggregate Principal Balance {91} {92} End of Period Note Balance {92} {93} Overcollateralization {93} {94} Overcollateralization % {94} CALCULATION OF TOTAL OVERCOLLATERALIZATION (ADJUSTED PRINCIPAL BALANCE) {95} Aggregate Adjusted Principal Balance {95} {96} End of Period Note Balance {96} {97} Overcollateralization {97} {98} Overcollateralization % {98} MONTHLY PERIOD AND CUMULATIVE NUMBER OF RECEIVABLES CALCULATION Cumulative Monthly {99} Original Number of Receivables {99} {100} Beginning of period number of Receivables {100} {101} Number of Receivables becoming Liquidated Receivables during period {101} {102} Number of Receivables becoming Purchased Receivables during period {102} {103} Number of Receivables paid off during period {103} {104} End of period number of Receivables {104} STATISTICAL DATA (CURRENT AND HISTORICAL) Original Prev. Month Current {105} Weighted Average APR of the Receivables {105} {106} Weighted Average Remaining Term of the Receivables {106} {107} Weighted Average Original Term of Receivables {107} {108} Average Receivable Balance {108} {109} Net Losses in Period {109} {110} Aggregate Realized Losses {110} {111} Aggregate Realized Loss Percentage {111} {112} ABS Prepay Speed {112} DELINQUENCY Units Dollars Percentage Receivables with Scheduled Payment delinquent {113} 31-60 days {113} {114} 61-90 days {114} {115} 91-120 days {115} {116} Total {116} ASSET REPRESENTATIONS REVIEW DELINQUENCY TRIGGER Dollars Percentage {115} Receivables with Scheduled Payment delinquent 61 days or more {115} {116} Compliance (Trigger Violation is a Delinquency Rate Greater Than ___% ) {116} EXTENSIONS {117} Principal Balance of Receivables extended during current period {117} {118} Beginning of Period Aggregate Principal Balance {118} {119} Extension Rate {117} divided by {118} {119} CREDIT RISK RETENTION (1) Dollars Percentage {120} Fair Value of Residual Interest {120} {121} Class D Fair Value {121} {122} Total Fair Value of Residual Interest + Class D Fair Value {122} {123} Total Fair Value of Notes and Residual Interest {123} Compliance (Fair Value must be at least ___% of the aggregate value of the Notes and Residual Interest)___

RECONCILIATION OF COLLECTION ACCOUNT. Available Funds: {3845} Collections on Receivables during period (net of Liquidation Proceeds and Fees) {45} {46} Liquidation Proceeds collected during period (net of Fees) {38} {39} Purchase Amounts or amounts from Servicer deposited in Collection Account {39} {40} Investment Earnings - Collection Account {40} {41} From Reserve Acct - Investment Earnings, Reserve Acct Withdrawal, Excess Specified Reserve over Note Bal {41} {42} Collection of Supplemental Servicing - Extension Fees {42} {43} Collection of Supplemental Servicing - Repo and Recovery Fees Netted from Gross Liquidation Proceeds {43} {44} Collection of Supplemental Servicing - Late Fees, Prepayment Penalty Fees & Force Placed Insurance {44} {45} Total Available Funds {45} Distributions: {46} Base Servicing Fee {46} {47} Repo and Recovery Fees - reimbursed to Servicer Purchase Amounts deposited in Collection {47} {48} Bank Service Charges - reimbursed to Servicer Investment Earnings — Collection Account {48} {49} Late Fees, Prepayment Penalty Fees & Force Placed Insurance - to Servicer Investment Earnings — Transfer From Prefunding Account {49} {50} Trustee and Trust Collateral Agent Fees Investment Earnings — Transfer From Capitalized Interest Account {50} {51} Asset Representations Reviewer Fee Collection of Supplemental Servicing — Extension Fees {51} {52} Owner Trustee Fee Collection of Supplemental Servicing — Repo and Recovery Fees Advanced {52} {53} Class A-1 Noteholders’ Interest Distributable Amount pari passu Collection of Supplemental Servicing — Late Fees {53} {54} Class A-2A Noteholders’ Monthly Capitalized Interest Distributable Amount pari passu Mandatory Note {54} {55} Class A-2B Noteholders’ Interest Distributable Prepayment Amount pari passu {55} {56} Class A-3 Noteholders’ Interest Distributable Deficiency Claim Amount pari passu {56} {57} Class A-4 Noteholders’ Interest Distributable Amount pari passu Total Available Funds {57} Distributions: {58} First Priority Principal Distribution Amount Base Servicing Fee — to Servicer {58} {59} Class B Noteholders’ Interest Distributable Amount Repo and Recovery Fees — reimbursed to Servicer {59} {60} Second Priority Principal Distribution Amount Bank Service Charges — reimbursed to Servicer {60} {61} Class C Noteholders’ Interest Distributable Amount Late Fees — to Servicer {61} {62} Third Priority Principal Distribution Amount Backup Servicing Fees {62} {63} Class D Noteholders’ Interest Distributable Amount Class Beginning Note Balance Interest Carryover Interest Rate Days Days Basis Calculated Interest {63} Class A — 1 5.3484 % Actual days/360 {63} {64} Fourth Priority Principal Distribution Amount Class A — 2 5.3700 % 30 30/360 {64} {65} To the Reserve Account, the Reserve Account Deposit Amount Class A — 3 5.2100 % 30 30/360 {65} {66} To the Class A — 4 5.2100 % 30 30/360 {66} Noteholders, Noteholder’s ’ Principal Distributable Amount (as calculated below) {66} Class Principal Distributable Principal Carryover Excess Principal Due Mandatory Note Prepayment Total Principal {67} Add’l fees (Trustee, Asset Represtentations Reviewer, Owner Trustee, Trust Collateral Agent) Class A — 1 {67} {68} To the Certificateholders, the aggregate amount remaining Class A — 2 {68} CALCULATION OF PRIORITY PRINCIPAL DISTRIBUTION (X) (Y) Cumulative Adjusted Pool Excess of Priority Principal {69} Class Note Balance Balance (X) - (Y) Distribution A — 3 {69} {70} First Priority Class A — 4 {70} {71} Second Priority Security Insurer Premiums — to FGIC {71} {72} Third Priority Total distributions {72} {73} Fourth Priority Excess Available Funds {73} {74} Total CALCULATION OF NOTEHOLDERS’ PRINCIPAL DISTRUBUTABLE AMOUNT Any Remaining Amounts owed to FGIC under the Insurance Agreement {74} {75} Excess Total Available Funds Deposit to Spread Account to Increase to Required Level {75} {76} Beginning Note Balance Noteholders’ Accelerated Principal Amount {76} {77} Principal payments Deposit to Spread Account {77} {78} Pro Forma Note Balance {78} {79} Adjusted Pool Balance {79} {80} % of Original Adjusted Pool Balance ($________) {80} {81} Required Pro Forma Note Balance {79} minus {80} {81} {82} Excess of Pro Forma Note Balance over Required Pro Forma Balance {78} minus {81} {82} {83} Noteholder’s Principal Distributable Amount (Lesser of {75} and {82} {83} RECONCILIATION OF RESERVE ACCOUNT Current {84} Specified Reserve Balance {85} Beginning of period Reserve Account balance {85} {86} The Reserve Account Deposit, from Collection Account {86} {87} Investment Earnings {87} {88} Investment Earnings - transferred to Collection Account Available Funds {88} {89} Reserve Account Withdrawal Amount {89} {90} End of period Reserve Account balance {90} CALCULATION OF TOTAL OVERCOLLATERALIZATION {91} Aggregate Principal Balance {91} {92} End of Period Note Balance {92} {93} Overcollateralization {93} {94} Overcollateralization % {94} CALCULATION OF TOTAL OVERCOLLATERALIZATION (ADJUSTED PRINCIPAL BALANCE) {95} Aggregate Adjusted Principal Balance {95} {96} End of Period Note Balance {96} {97} Overcollateralization {97} {98} Overcollateralization % {98} MONTHLY PERIOD AND CUMULATIVE NUMBER OF RECEIVABLES CALCULATION Cumulative Monthly {99} Original Number of Receivables {99} {100} Beginning of period number of Receivables {100} {101} Number of Receivables becoming Liquidated Receivables during period {101} {102} Number of Receivables becoming Purchased Receivables during period {102} {103} Number of Receivables paid off during period {103} {104} End of period number of Receivables {104} STATISTICAL DATA (CURRENT AND HISTORICAL) Original Prev. Month Current {105} Weighted Average APR of the Receivables {105} {106} Weighted Average Remaining Term of the Receivables {106} {107} Weighted Average Original Term of Receivables {107} {108} Average Receivable Balance {108} {109} Net Losses in Period {109} {110} Aggregate Realized Losses {110} {111} Aggregate Realized Loss Percentage {111} {112} ABS Prepay Speed {112} DELINQUENCY Units Dollars Percentage Receivables with Scheduled Payment delinquent {113} 31-60 days {113} {114} 61-90 days {114} {115} 91-120 days {115} {116} Total {116} ASSET REPRESENTATIONS REVIEW DELINQUENCY TRIGGER Dollars Percentage {115} Receivables with Scheduled Payment delinquent 61 days or more {115} {116} Compliance (Trigger Violation is a Delinquency Rate Greater Than ___% ) {116} EXTENSIONS {117} Principal Balance of Receivables extended during current period {117} {118} Beginning of Period Aggregate Principal Balance {118} {119} Extension Rate {117} divided by {118} {119} CREDIT RISK RETENTION (1) Dollars Percentage {120} Fair Value of Residual Interest {120} {121} Class D Fair Value {121} {122} Total Fair Value of Residual Interest + Class D Fair Value {122} {123} Total Fair Value of Notes and Residual Interest {123} Compliance (Fair Value must be at least ___% of the aggregate value of the Notes and Residual Interest)}

RECONCILIATION OF COLLECTION ACCOUNT. Available Funds: {3848} Collections on Receivables during period (net of Liquidation Proceeds and Fees) {48} {49} Liquidation Proceeds collected during period (net of Fees) {3849} {3950} Purchase Amounts or amounts from Servicer deposited in Collection Account {3950} {4051} Investment Earnings - Collection Account {4051} {4152} From Reserve Acct - Investment Earnings, Reserve Acct Withdrawal, Excess Specified Reserve over Note Bal {4152} {4253} Collection of Supplemental Servicing - Extension Fees {4253} {4354} Collection of Supplemental Servicing - Repo and Recovery Fees Netted from Gross Liquidation Proceeds Advanced {4354} {4455} Collection of Supplemental Servicing - Late Fees, Prepayment Penalty Fees & Force Placed Insurance {4455} {4556} Total Available Funds {4556} Distributions: {4657} Base Servicing Fee {4657} {4758} Repo and Recovery Fees - reimbursed to Servicer {4758} {4859} Bank Service Charges - reimbursed to Servicer {4859} {4960} Late Fees, Prepayment Penalty Fees & Force Placed Insurance - to Servicer {4960} {5061} Trustee and Trust Collateral Agent Fees {5061} {5162} Asset Representations Reviewer Fee {51} {5263} Owner Trustee Fee {5263} {5364} Class A-1 Noteholders’ Interest Distributable Amount pari passu {5364} {5465} Class A-2A Noteholders’ Interest Distributable Amount pari passu {5465} {5566} Class A-2B Noteholders’ Interest Distributable Amount pari passu {5566} {5667} Class A-3 Noteholders’ Interest Distributable Amount pari passu {5667} {5768} Class A-4 A Noteholders’ Interest Distributable Principal Parity Amount pari passu or Matured Principal Shortfall {5768} {58} First Priority Principal Distribution Amount {58} {5969} Class B Noteholders’ Interest Distributable Amount {5969} {6070} Second Priority Class B Noteholders’ Principal Distribution Parity Amount or Matured Principal Shortfall {6070} {6171} Class C Noteholders’ Interest Distributable Amount {6171} {6272} Third Priority Class C Noteholders’ Principal Distribution Parity Amount or Matured Principal Shortfall {6272} {6373} Class D Noteholders’ Interest Distributable Amount {6373} {6474} Fourth Priority Class D Noteholders’ Principal Distribution Parity Amount or Matured Principal Shortfall {74} {75} Class E Noteholders’ Interest Distributable Amount {6475} {6576} Class E Noteholders’ Principal Parity Amount or Matured Principal Shortfall {76} {77} Noteholders’ Principal Distributable Amount {77} {78} To the Reserve Account, the Reserve Account Deposit Amount {6578} {6679} To the Noteholders, Noteholder’s the Accelerated Principal Distributable Amount (as calculated below) {6679} {6780} Add’l fees (Trustee, Asset Represtentations ReviewerARR, Owner Trustee, Trust Collateral Agent, Lockbox Bank & Processor) {6780} {6881} To the Certificateholders, the aggregate amount remaining {6881} {82} Total Distributions {82} VlI. CALCULATION OF PRIORITY PRINCIPAL DISTRIBUTION PARITY AMOUNT: Class (X) Cumulative Note Balance (Y) Cumulative Adjusted Pool Balance (I) Excess of Priority Principal Class Note Balance Balance (X) - (Y) Distribution (II) Available Funds in Waterfall Lesser of (I) or (II) {7083} First Priority Class A {7184} Second Priority Class B {7285} Third Priority Class C {7386} Fourth Priority Class D {7487} Class E {88} Total VlII. CALCULATION OF NOTEHOLDERS’ ACCELERATED PRINCIPAL DISTRUBUTABLE AMOUNT AMOUNT: {7589} Excess Total Available Funds {7589} {7690} Beginning Note Balance {76} {77} Principal payments {77} {78} Pro Pro-Forma Note Balance (Calculated after Step-Down) {7890} {79} Adjusted Pool Balance {79} {80} % of Original Adjusted Pool Balance ($________) {80} {8191} Required Pro Forma Note Balance {79} minus {80} {81} {82} Excess of Pro Forma Note Balance over Required Pro Forma Balance {78} minus {81} {82} {83} Noteholder’s Principal Distributable Amount (Lesser of {75} and {82} {83} RECONCILIATION OF RESERVE ACCOUNT Current {84} Specified Reserve Balance {85} Beginning of period Reserve Account balance {85} {86} The Reserve Account Deposit, from Collection Account {86} {87} Investment Earnings {87} {88} Investment Earnings - transferred to Collection Account Available Funds {88} {89} Reserve Account Withdrawal Amount {89} {90} End of period Reserve Account balance {90} CALCULATION OF TOTAL OVERCOLLATERALIZATION {91} Aggregate Principal Balance {91} {92} End Excess of Period Note Pro-Forma Balance over Required Pro-Forma Balance {92} {93} Overcollateralization {93} {94} Overcollateralization % {94} CALCULATION OF TOTAL OVERCOLLATERALIZATION (ADJUSTED PRINCIPAL BALANCE) {95} Aggregate Adjusted Principal Balance {95} {96} End Lesser of Period Excess Available Funds or Excess of Pro-Forma Note Balance {96} {97} Overcollateralization {97} {98} Overcollateralization % {98} MONTHLY PERIOD AND CUMULATIVE NUMBER OF RECEIVABLES CALCULATION Cumulative Monthly {99} Original Number of Receivables {99} {100} Beginning of period number of Receivables {100} {101} Number of Receivables becoming Liquidated Receivables during period {101} {102} Number of Receivables becoming Purchased Receivables during period {102} {103} Number of Receivables paid off during period {103} {104} End of period number of Receivables {104} STATISTICAL DATA (CURRENT AND HISTORICAL) Original Prev. Month Current {105} Weighted Average APR of the Receivables {105} {106} Weighted Average Remaining Term of the Receivables {106} {107} Weighted Average Original Term of Receivables {107} {108} Average Receivable Balance {108} {109} Net Losses in Period {109} {110} Aggregate Realized Losses {110} {111} Aggregate Realized Loss Percentage {111} {112} ABS Prepay Speed {112} DELINQUENCY Units Dollars Percentage Receivables with Scheduled Payment delinquent {113} 31-60 days {113} {114} 61-90 days {114} {115} 91-120 days {115} {116} Total {116} ASSET REPRESENTATIONS REVIEW DELINQUENCY TRIGGER Dollars Percentage {115} Receivables with Scheduled Payment delinquent 61 days or more {115} {116} Compliance (Trigger Violation is a Delinquency Rate Greater Than ___% ) {116} EXTENSIONS {117} Principal Balance of Receivables extended during current period {117} {118} Beginning of Period Aggregate Principal Balance {118} {119} Extension Rate {117} divided by {118} {119} CREDIT RISK RETENTION (1) Dollars Percentage {120} Fair Value of Residual Interest {120} {121} Class D Fair Value {121} {122} Total Fair Value of Residual Interest + Class D Fair Value {122} {123} Total Fair Value of Notes and Residual Interest {123} Compliance (Fair Value must be at least ___% of the aggregate value of the Notes and Residual Interest)93}

RECONCILIATION OF COLLECTION ACCOUNT. Available Availale Funds: {3847} Collections on Receivables during period (net of Liquidation Proceeds and Fees) {47} ___________ {48} Liquidation Proceeds collected during period (net of Fees) {3848} ___________ {3949} Purchase Amounts or amounts from Servicer deposited in Collection Account {3949} ___________ {4050} Investment Earnings - Collection Account {4050} ___________ {4151} From Reserve Acct Account - Investment Earnings, Reserve Acct Account Withdrawal, Excess of Specified Reserve over Note Bal Balance {4151} ___________ {4252} Collection of Supplemental Servicing - Extension Fees {4252} ___________ {4353} Collection of Supplemental Servicing - Repo and Recovery Fees Netted from Gross Liquidation Proceeds Advanced {4353} ___________ {4454} Collection of Supplemental Servicing - Late Fees, Prepayment Penalty Fees & Force Placed Insurance {4454} ___________ {4555} Total Available Funds {4555} ___________ Distributions: {4656} Base Servicing Fee {4656} ___________ {4757} Repo and Recovery Fees - reimbursed to Servicer {4757} ___________ {4858} Bank Service Charges - reimbursed to Servicer {4858} ___________ {4959} Late Fees, Prepayment Penalty Fees & Force Placed Insurance - to Servicer {4959} ___________ {5060} Trustee and Trust Collateral Agent fees {60} ___________ {61} Backup Servicing Fees {5061} ___________ {51} Asset Representations Reviewer Fee {51} {5262} Owner Trustee Fee {5262} ___________ {5363} Class A-1 Noteholders’ Interest Distributable Amount pari passu {5363} ___________ {5464} Class A-2A A-2 Noteholders’ Interest Distributable Amount pari passu {5464} ___________ {55} Class A-2B Noteholders’ Interest Distributable Amount pari passu {55} {5665} Class A-3 Noteholders’ Interest Distributable Amount pari passu {5665} ___________ {5766} Class A-4 A Noteholders’ Interest Distributable Principal Parity Amount pari passu or Matured Principal Shortfall {5766} ___________ {58} First Priority Principal Distribution Amount {58} {5967} Class B Noteholders’ Interest Distributable Amount {5967} ___________ {6068} Second Priority Class B Noteholders’ Principal Distribution Parity Amount or Matured Principal Shortfall {6068} ___________ {6169} Class C Noteholders’ Interest Distributable Amount {6169} ___________ {6270} Third Priority Class C Noteholders’ Principal Distribution Parity Amount or Matured Principal Shortfall {6270} ___________ {6371} Class D Noteholders’ Interest Distributable Amount {6371} ___________ {6472} Fourth Priority Class D Noteholders’ Principal Distribution Parity Amount or Matured Principal Shortfall {72} ___________ {73} Class E Noteholders’ Interest Distributable Amount {6473} ___________ {6574} Class E Noteholders’ Principal Parity Amount or Matured Principal Shortfall {74} ___________ {75} Noteholders’ Principal Distributable Amount {75} ___________ {76} To the Reserve Account, the Reserve Account Deposit Amount {6576} ___________ {6677} To the Noteholders, Noteholder’s the Accelerated Principal Distributable Amount (as calculated below) {6677} ___________ {67} Add’l fees (Trustee, Asset Represtentations Reviewer, Owner Trustee, Trust Collateral Agent) {67} {6879} To the Certificateholders, the aggregate amount remaining {68} CALCULATION OF PRIORITY PRINCIPAL DISTRIBUTION (X) (Y) Cumulative Adjusted Pool Excess of Priority Principal Class Note Balance Balance (X) - (Y) Distribution {70} First Priority {71} Second Priority {72} Third Priority {73} Fourth Priority {74} Total CALCULATION OF NOTEHOLDERS’ PRINCIPAL DISTRUBUTABLE AMOUNT {75} Excess Total Available Funds {75} {76} Beginning Note Balance {76} {77} Principal payments {77} {78} Pro Forma Note Balance {78} {79} Adjusted Pool Balance {79} {80} % of Original Adjusted Pool Balance ($________) ___ {80} {81} Required Pro Forma Note Balance {79} minus Total Distributions {80} {81} {82} Excess of Pro Forma Note Balance over Required Pro Forma Balance {78} minus {81} {82} {83} Noteholder’s Principal Distributable Amount (Lesser of {75} and {82} {83} RECONCILIATION OF RESERVE ACCOUNT Current {84} Specified Reserve Balance {85} Beginning of period Reserve Account balance {85} {86} The Reserve Account Deposit, from Collection Account {86} {87} Investment Earnings {87} {88} Investment Earnings - transferred to Collection Account Available Funds {88} {89} Reserve Account Withdrawal Amount {89} {90} End of period Reserve Account balance {90} CALCULATION OF TOTAL OVERCOLLATERALIZATION {91} Aggregate Principal Balance {91} {92} End of Period Note Balance {92} {93} Overcollateralization {93} {94} Overcollateralization % {94} CALCULATION OF TOTAL OVERCOLLATERALIZATION (ADJUSTED PRINCIPAL BALANCE) {95} Aggregate Adjusted Principal Balance {95} {96} End of Period Note Balance {96} {97} Overcollateralization {97} {98} Overcollateralization % {98} MONTHLY PERIOD AND CUMULATIVE NUMBER OF RECEIVABLES CALCULATION Cumulative Monthly {99} Original Number of Receivables {99} {100} Beginning of period number of Receivables {100} {101} Number of Receivables becoming Liquidated Receivables during period {101} {102} Number of Receivables becoming Purchased Receivables during period {102} {103} Number of Receivables paid off during period {103} {104} End of period number of Receivables {104} STATISTICAL DATA (CURRENT AND HISTORICAL) Original Prev. Month Current {105} Weighted Average APR of the Receivables {105} {106} Weighted Average Remaining Term of the Receivables {106} {107} Weighted Average Original Term of Receivables {107} {108} Average Receivable Balance {108} {109} Net Losses in Period {109} {110} Aggregate Realized Losses {110} {111} Aggregate Realized Loss Percentage {111} {112} ABS Prepay Speed {112} DELINQUENCY Units Dollars Percentage Receivables with Scheduled Payment delinquent {113} 31-60 days {113} {114} 61-90 days {114} {115} 91-120 days {115} {116} Total {116} ASSET REPRESENTATIONS REVIEW DELINQUENCY TRIGGER Dollars Percentage {115} Receivables with Scheduled Payment delinquent 61 days or more {115} {116} Compliance (Trigger Violation is a Delinquency Rate Greater Than ___% ) {116} EXTENSIONS {117} Principal Balance of Receivables extended during current period {117} {118} Beginning of Period Aggregate Principal Balance {118} {119} Extension Rate {117} divided by {118} {119} CREDIT RISK RETENTION (1) Dollars Percentage {120} Fair Value of Residual Interest {120} {121} Class D Fair Value {121} {122} Total Fair Value of Residual Interest + Class D Fair Value {122} {123} Total Fair Value of Notes and Residual Interest {123} Compliance (Fair Value must be at least ___% of the aggregate value of the Notes and Residual Interest)==========

RECONCILIATION OF COLLECTION ACCOUNT. Available Funds: {3848} Collections on Receivables during period (net of Liquidation Proceeds and Fees) {48} {49} Liquidation Proceeds collected during period (net of Fees) {3849} {3950} Purchase Amounts or amounts from Servicer deposited in Collection Account {3950} {4051} Investment Earnings - Collection Account {4051} {4152} From Reserve Acct - Acct—Investment Earnings, Reserve Acct Withdrawal, Excess Specified Reserve over Note Bal {4152} {4253} Collection of Supplemental Servicing - Extension Fees {4253} {4354} Collection of Supplemental Servicing - Repo and Recovery Fees Netted from Gross Liquidation Proceeds Advanced {4354} {4455} Collection of Supplemental Servicing - Late Fees, Prepayment Penalty Fees & Force Placed Insurance {4455} {4556} Total Available Funds {4556} Distributions: {4657} Base Servicing Fee {4657} {4758} Repo and Recovery Fees - reimbursed to Servicer {4758} {4859} Bank Service Charges - reimbursed to Servicer {4859} {4960} Late Fees, Prepayment Penalty Fees & Force Placed Insurance - to Servicer {4960} {5061} Trustee and Trust Collateral Agent Fees {5061} {51} Asset Representations Reviewer Fee {51} {5262} Owner Trustee Fee {5262} {5363} Class A-1 Noteholders’ Interest Distributable Amount pari passu {5363} {5464} Class A-2A Noteholders’ Interest Distributable Amount pari passu {5464} {5565} Class A-2B Noteholders’ Interest Distributable Amount pari passu {5565} {5666} Class A-3 Noteholders’ Interest Distributable Amount pari passu {5665} {5767} Class A-4 A Noteholders’ Interest Distributable Principal Parity Amount pari passu or Matured Principal Shortfall {5766} {58} First Priority Principal Distribution Amount {58} {5968} Class B Noteholders’ Interest Distributable Amount {5967} {6069} Second Priority Class B Noteholders’ Principal Distribution Parity Amount or Matured Principal Shortfall {6068} {6170} Class C Noteholders’ Interest Distributable Amount {6169} {6271} Third Priority Class C Noteholders’ Principal Distribution Parity Amount or Matured Principal Shortfall {6270} {6372} Class D Noteholders’ Interest Distributable Amount {6371} {6473} Fourth Priority Class D Noteholders’ Principal Distribution Parity Amount or Matured Principal Shortfall {72} {74} Class E Noteholders’ Interest Distributable Amount {6473} {6575} Class E Noteholders’ Principal Parity Amount or Matured Principal Shortfall {74} {76} Noteholders’ Principal Distributable Amount {75} {77} To the Reserve Account, the Reserve Account Deposit Amount {6576} {6678} To the Noteholders, Noteholder’s the Accelerated Principal Distributable Amount (as calculated below) {6677} {67} Add’l fees (Trustee, Asset Represtentations Reviewer, Owner Trustee, Trust Collateral Agent) {67} {6880} To the Certificateholders, the aggregate amount remaining {6879} {81} Total Distributions {80} VlI. CALCULATION OF PRIORITY PRINCIPAL DISTRIBUTION PARITY AMOUNT: Class (X) Cumulative Note Balance (Y) Cumulative Adjusted Pool Balance (I) Excess of Priority Principal Class Note Balance Balance (X) - (Y) Distribution (II) Available Funds in Waterfall Lesser of (I) or (II) {7082} First Priority Class A {7183} Second Priority Class B {7284} Third Priority Class C {7385} Fourth Priority Class D {7486} Class E {87} Total VlII. CALCULATION OF NOTEHOLDERS’ ACCELERATED PRINCIPAL DISTRUBUTABLE AMOUNT AMOUNT: {7588} Excess Total Available Funds {7587} {7689} Beginning Note Balance {76} {77} Principal payments {77} {78} Pro Pro-Forma Note Balance (Calculated after Step-Down) {7888} {79} Adjusted Pool Balance {79} {80} % of Original Adjusted Pool Balance ($________) {80} {8190} Required Pro Forma Note Balance {79} minus {8089} {81} {8291} Excess of Pro Pro-Forma Note Balance over Required Pro Pro-Forma Balance {78} minus {81} {82} {83} Noteholder’s Principal Distributable Amount (Lesser of {75} and {82} {83} RECONCILIATION OF RESERVE ACCOUNT Current {84} Specified Reserve Balance {85} Beginning of period Reserve Account balance {85} {86} The Reserve Account Deposit, from Collection Account {86} {87} Investment Earnings {87} {88} Investment Earnings - transferred to Collection Account Available Funds {88} {89} Reserve Account Withdrawal Amount {89} {90} End of period Reserve Account balance {90} CALCULATION OF TOTAL OVERCOLLATERALIZATION {91} Aggregate Principal Balance {91} {92} End Lesser of Period Excess Available Funds or Excess of Pro-Forma Note Balance {92} {93} Overcollateralization {93} {94} Overcollateralization % {94} CALCULATION OF TOTAL OVERCOLLATERALIZATION (ADJUSTED PRINCIPAL BALANCE) {95} Aggregate Adjusted Principal Balance {95} {96} End of Period Note Balance {96} {97} Overcollateralization {97} {98} Overcollateralization % {98} MONTHLY PERIOD AND CUMULATIVE NUMBER OF RECEIVABLES CALCULATION Cumulative Monthly {99} Original Number of Receivables {99} {100} Beginning of period number of Receivables {100} {101} Number of Receivables becoming Liquidated Receivables during period {101} {102} Number of Receivables becoming Purchased Receivables during period {102} {103} Number of Receivables paid off during period {103} {104} End of period number of Receivables {104} STATISTICAL DATA (CURRENT AND HISTORICAL) Original Prev. Month Current {105} Weighted Average APR of the Receivables {105} {106} Weighted Average Remaining Term of the Receivables {106} {107} Weighted Average Original Term of Receivables {107} {108} Average Receivable Balance {108} {109} Net Losses in Period {109} {110} Aggregate Realized Losses {110} {111} Aggregate Realized Loss Percentage {111} {112} ABS Prepay Speed {112} DELINQUENCY Units Dollars Percentage Receivables with Scheduled Payment delinquent {113} 31-60 days {113} {114} 61-90 days {114} {115} 91-120 days {115} {116} Total {116} ASSET REPRESENTATIONS REVIEW DELINQUENCY TRIGGER Dollars Percentage {115} Receivables with Scheduled Payment delinquent 61 days or more {115} {116} Compliance (Trigger Violation is a Delinquency Rate Greater Than ___% ) {116} EXTENSIONS {117} Principal Balance of Receivables extended during current period {117} {118} Beginning of Period Aggregate Principal Balance {118} {119} Extension Rate {117} divided by {118} {119} CREDIT RISK RETENTION (1) Dollars Percentage {120} Fair Value of Residual Interest {120} {121} Class D Fair Value {121} {122} Total Fair Value of Residual Interest + Class D Fair Value {122} {123} Total Fair Value of Notes and Residual Interest {123} Compliance (Fair Value must be at least ___% of the aggregate value of the Notes and Residual Interest)}