Common use of REMIC 2 Clause in Contracts

REMIC 2. On each Distribution Date, the timing and amounts of principal distributions and allocations of Realized Losses on each Class of REMIC 2 Regular Interests shall be identical to the timing, amounts and allocations in respect of the corresponding Classes of REMIC 1 Regular Interests pursuant to Section 4.10(d). For these purposes, the Class T2-1 and Class T2-11 Interests correspond to the Class T1-1 Interest, the Class T2-2 and Class T2-12 Interests correspond to the Class T1-2 Interest, the Class T2-3 and Class T2-13 Interests correspond to the Class T1-3 Interest, and the Class T2-4, Class T2-5 and Class T2-6 Interests correspond to the Class T1-4, Class T1-5 and Class T1-6 Interests, respectively. Interest will accrue on each of the Class T2-1, Class T2-2 and Class T2-3 Interests at the REMIC 2 Pass-Through Rate. Interest will accrue on each of the Class T2-11, Class T2-12 and Class T2-13 Interests at the excess, if any, of the Weighted Average Net Mortgage Rate over the REMIC 2 Pass-Through Rate. Interest will accrue on the Class T2-4, Class T2-5 and Class T2-6 Interests at the Weighted Average Net Mortgage Rate. Any shortfalls of interest will be allocated, first, to the Class T2-4, Class T2-5 and Class T2-6 Interests to the extent that interest shortfalls are allocated to the Class T1-4, Class T1-5 and Class T1-6 Interests; second, pro rata, to the Class T2-11, Class T2-12 and Class T2-13 Interests; and third, pro rata, to the Class T2-1, Class T2-2 and Class T2-3 Interests. Amounts in the Distribution Account deemed distributed in respect of the REMIC 2 Regular Interests shall be treated as held by REMIC 3 for distribution in accordance with Section 4.10(b). Any portion of Available Funds remaining in REMIC 2 on a Distribution Date shall be distributed to the Class R Certificates in respect of the Class R-2

REMIC 2. On each Distribution Date, the timing and amounts of principal distributions and allocations of Realized Losses on each Class of REMIC 2 Regular Interests shall be identical to the timing, amounts and allocations in respect of the corresponding Classes of REMIC 1 Regular Interests pursuant to Section 4.10(d4.08(d). For these purposes, the Class T2-1 and Class T2-11 Interests correspond to the Class T1-1 Interest, the Class T2-2 and Class T2-12 Interests correspond to the Class T1-2 Interest, the Class T2-3 and Class T2-13 Interests correspond to the Class T1-3 Interest, and the Class T2-4, Class T2-5 and Class T2-6 Interests correspond 4 Interest corresponds to the Class T1-4, Class T1-5 and Class T1-6 Interests, respectively4Interest. Interest will accrue on each of the Class T2-1, Class T2-2 and Class T2-3 Interests at the REMIC 2 Pass-Through Rate. Interest will accrue on each of the Class T2-11, Class T2-12 and Class T2-13 Interests at the excess, if any, of the Adjusted Weighted Average Net Mortgage Rate over the REMIC 2 Pass-Through Rate. Interest will accrue on the Class T2-4, Class T2-5 and Class T2-6 Interests 4 Interest at the Weighted Average Net Mortgage Rate. Any shortfalls of interest will be allocated, first, to the Class T2-4, Class T2-5 and Class T2-6 Interests 4 Interest to the extent that interest shortfalls are allocated to the Class T1-4, Class T1-5 and Class T1-6 Interests4 Interest; second, pro rata, to the Class T2-11, Class T2-12 and Class T2-13 Interests; and third, pro rata, to the Class T2-1, Class T2-2 and Class T2-3 Interests. Amounts in the Distribution Account deemed distributed in respect of the REMIC 2 Regular Interests shall be treated as held by REMIC 3 for distribution in accordance with Section 4.10(b4.08(b). Any portion of Available Funds remaining in REMIC 2 on a Distribution Date shall be distributed to the Class R Certificates in respect of the Class R-2

REMIC 2. On each Distribution Date, the timing and amounts of principal distributions and allocations of Realized Losses on each Class of REMIC 2 Regular Interests shall be identical to the timing, amounts and allocations in respect of the corresponding Classes of REMIC 1 Regular Interests pursuant to Section 4.10(d4.08(d). For these purposes, the Class T2-1 and Class T2-11 Interests correspond to the Class T1-1 Interest, the Class T2-2 and Class T2-12 Interests correspond to the Class T1-2 Interest, the Class T2-3 and Class T2-13 Interests correspond to the Class T1-3 Interest, the Class T2-101 Interest corresponds to the Class T1-101 Interest, the Class T2-102 Interest corresponds to the Class T1-102 Interest and the Class T2-4, Class T2-5 and Class T2-6 Interests correspond 4 Interest corresponds to the Class T1-4, Class T1-5 and Class T1-6 Interests, respectively4 Interest. Interest will accrue on each of the Class T2-1, Class T2-2 and Class T2-3 Interests at the REMIC 2 Pass-Through Rate. Interest will accrue on each of the Class T2-11, Class T2-12 and Class T2-13 Interests at the excess, if any, of the Weighted Average Net Mortgage Rate Pool Cap over the REMIC 2 Pass-Through Rate. Interest will accrue on the Class T2-4, 101 Interest at the Group 1 Cap. Interest will accrue on the Class T2-5 and 102 Interest at the Group 2 Cap. Interest will accrue on the Class T2-6 Interests 4 Interest at the Weighted Average Net Mortgage RatePool Cap. Any shortfalls of interest will be allocated, first, pro rata, to the Class T2-4, Class T2-5 101 and Class T2-6 Interests to the extent that interest shortfalls are allocated to the Class T1-4, Class T1-5 and Class T1-6 102 Interests; second, pro rata, to the Class T2-11, Class T2-12 and Class T2-13 Interests; and third, pro rata, to the Class T2-1, Class T2-2 and Class T2-3 Interests. Amounts in the Distribution Account deemed distributed in respect of the REMIC 2 Regular Interests shall be treated as held by REMIC 3 for distribution in accordance with Section 4.10(b4.08(b). Any portion of Available Funds remaining in REMIC 2 on a Distribution Date shall be distributed to the Class R Certificates Certificate in respect of the Class R-2

REMIC 2. On each Distribution Date, the timing and amounts of principal distributions and allocations of Realized Losses on each Class of REMIC 2 Regular Interests shall be identical to the timing, amounts and allocations in respect of the corresponding Classes of REMIC 1 Regular Interests pursuant to Section 4.10(d4.08(d). For these purposes, the Class T2-1 and Class T2-11 Interests correspond to the Class T1-1 Interest, the Class T2-2 and Class T2-12 Interests correspond to the Class T1-2 Interest, the Class T2-3 and Class T2-13 Interests correspond to the Class T1-3 Interest, and the Class T2-4, Class T2-5 and Class T2-6 Interests correspond 4 Interest corresponds to the Class T1-4, Class T1-5 and Class T1-6 Interests, respectively4 Interest. Interest will accrue on each of the Class T2-1, Class T2-2 and Class T2-3 Interests at the REMIC 2 Pass-Through Rate. Interest will accrue on each of the Class T2-11, Class T2-12 and Class T2-13 Interests at the excess, if any, of the Adjusted Weighted Average Net Mortgage Rate over the REMIC 2 Pass-Through Rate. Interest will accrue on the Class T2-4, Class T2-5 and Class T2-6 Interests 4 Interest at the Weighted Average Net Mortgage Rate. Any shortfalls of interest will be allocated, first, to the Class T2-4, Class T2-5 and Class T2-6 Interests 4 Interest to the extent that interest shortfalls are allocated to the Class T1-4, Class T1-5 and Class T1-6 Interests4 Interest; second, pro rata, to the Class T2-11, Class T2-12 and Class T2-13 Interests; and third, pro rata, to the Class T2-1, Class T2-2 and Class T2-3 Interests. Amounts in the Distribution Account deemed distributed in respect of the REMIC 2 Regular Interests shall be treated as held by REMIC 3 for distribution in accordance with Section 4.10(b4.08(b). Any portion of Available Funds remaining in REMIC 2 on a Distribution Date shall be distributed to the Class R Certificates in respect of the Class R-2

REMIC 2. On each Distribution Date, the timing and amounts of principal distributions and allocations of Realized Losses on each Class of REMIC 2 Regular Interests shall be identical to the timing, amounts and allocations in respect of the corresponding Classes of REMIC 1 Regular Interests pursuant to Section 4.10(d4.08(d). For these purposes, the Class T2-1 and Class T2-11 Interests correspond to the Class T1-1 Interest, the Class T2-2 and Class T2-12 Interests correspond to the Class T1-2 Interest, the Class T2-3 and Class T2-13 Interests correspond to the Class T1-3 Interest, the Class T2-101 Interest corresponds to the Class T1-101 Interest, the Class T2-102 Interest corresponds to the Class T1-102 Interest and the Class T2-4, Class T2-5 and Class T2-6 Interests correspond 4 Interest corresponds to the Class T1-4, Class T1-5 and Class T1-6 Interests, respectively4 Interest. Interest will accrue on each of the Class T2-1, Class T2-2 and Class T2-3 Interests at the REMIC 2 Pass-Through Rate. Interest will accrue on each of the Class T2-11, Class T2-12 and Class T2-13 Interests at the excess, if any, of the INV Adjusted Weighted Average Net Mortgage Rate over the REMIC 2 Pass-Through Rate. Interest will accrue on the Class T2-4, Class T2-5 and Class T2-6 Interests 4 Interest at the Adjusted Weighted Average Net Mortgage Rate. Interest will accrue on the Class T2-AIO Interest at the Class AIO Pass-Through Rate. Interest will accrue on the Class T2-INV Interest at the Class AIO-INV Pass-Through Rate. Any shortfalls of interest will be allocated, first, to the Class T2-4, Class T2-5 and Class T2-6 Interests 4 Interest to the extent that interest shortfalls are allocated to the Class T1-4, Class T1-5 and Class T1-6 Interests4 Interest; second, pro rata, to the Class T2-11, Class T2-12 and Class T2-13 Interests; and third, pro rata, to the Class T2-1, Class T2-101, Class T2-102, Class T2-2 and Class T2-3 Interests. Interest shortfalls allocated to the Class AIO-INV and Class AIO Certificates shall be allocated to the Class T2-AIO and Class T2-INV Interests, respectively. Amounts in the Distribution Account deemed distributed in respect of the REMIC 2 Regular Interests shall be treated as held by REMIC 3 for distribution in accordance with Section 4.10(b4.08(b). Any portion of Available Funds remaining in REMIC 2 on a Distribution Date shall be distributed to the Class R Certificates Certificate in respect of the Class R-2

REMIC 2. On each Distribution Date, the timing and amounts of principal distributions and allocations of Realized Losses on each Class of REMIC 2 Regular Interests shall be identical to the timing, amounts and allocations in respect of the alphabetically and numerically corresponding Classes of REMIC 1 Regular Interests pursuant to Section 4.10(d4.09(d). For these purposes, the Class T2-1 and Class T2-11 Interests correspond to the Class T1-1 Interest, the Class T2-2 and Class T2-12 Interests correspond to the Class T1-2 Interest, the Class T2-3 and Class T2-13 Interests correspond to the Class T1-3 Interest, and the Class T2-4, Class T2-5 and Class T2-6 Interests correspond to the Class T1-4, Class T1-5 and Class T1-6 Interests, respectively. Interest will accrue on each of the Class T2-1, Class T2-2 and Class T2-3 Interests at the REMIC 2 Pass-Through Rate. Interest will accrue on each of the Class T2-115, Class T2-12 6 and Class T2-13 7 Interests at the excess, if any, of the Weighted Average Net Mortgage Rate over the REMIC 2 Pass-Through Rate. Interest will accrue on the Class T2-4, Class T2-5 and Class T2-6 Interests 4 Interest at the Weighted Average Net Mortgage Rate. Any shortfalls of interest will be allocated, allocated first, to the Class T2-4, Class T2-5 4 Interest and Class T2-6 Interests to the extent that interest shortfalls are allocated to the Class T1-4, Class T1-5 and Class T1-6 Interests; second, pro rata, to the Class T2-11, Class T2-12 and Class T2-13 Interests; and thirdthen, pro rata, to the Class T2-1, Class T2-2 2, Class T2-3, Class T2-5, Class T2-6, and Class T2-3 7 Interests. Amounts in the Distribution Account deemed distributed in respect of the REMIC 2 Regular Interests shall be treated as held by REMIC 3 for distribution in accordance with Section 4.10(b4.09(b). Any portion of Available Funds remaining in REMIC 2 on a Distribution Date shall be distributed to the Class R Certificates in respect of the Class R-2

REMIC 2. On each Distribution Date, the timing and amounts of principal distributions and allocations of Realized Losses on each Class of REMIC 2 Regular Interests shall be identical to the timing, amounts and allocations in respect of the corresponding Classes of REMIC 1 Regular Interests pursuant to Section 4.10(d4.08(d). For these purposes, the Class T2-1 and Class T2-11 Interests correspond to the Class T1-1 Interest, the Class T2-2 and Class T2-12 Interests correspond to the Class T1-2 Interest, the Class T2-3 and Class T2-13 Interests correspond to the Class T1-3 Interest, and the Class T2-4, Class T2-5 and Class T2-6 Interests correspond 4 Interest corresponds to the Class T1-4, Class T1-5 and Class T1-6 Interests, respectively4 Interest. Interest will accrue on each of the Class T2-1, Class T2-2 and Class T2-3 Interests at the REMIC 2 Pass-Through Rate. Interest will accrue on each of the Class T2-11, Class T2-12 and Class T2-13 Interests at the excess, if any, of the Adjusted Weighted Average Net Mortgage Rate over the REMIC 2 Pass-Through Rate. Interest will accrue on the Class T2-4, Class T2-5 and Class T2-6 Interests 4 Interest at the Adjusted Weighted Average Net Mortgage Rate. Any shortfalls of interest will be allocated, first, to the Class T2-4, Class T2-5 and Class T2-6 Interests 4 Interest to the extent that interest shortfalls are allocated to the Class T1-4, Class T1-5 and Class T1-6 Interests4 Interest; second, pro rata, to the Class T2-11, Class T2-12 and Class T2-13 Interests; and third, pro rata, to the Class T2-1, Class T2-2 and Class T2-3 Interests. Amounts in the Distribution Account deemed distributed in respect of the REMIC 2 Regular Interests shall be treated as held by REMIC 3 for distribution in accordance with Section 4.10(b4.08(b). Any portion of Available Funds remaining in REMIC 2 on a Distribution Date shall be distributed to the Class R Certificates Certificate in respect of the Class R-2

REMIC 2. On each Distribution Date, the timing and amounts of principal distributions and allocations of Realized Losses on each Class of REMIC 2 Regular Interests shall be identical to the timing, amounts and allocations in respect of the corresponding Classes of REMIC 1 Regular Interests pursuant to Section 4.10(d4.08(d). For these purposes, the Class T2-1 and Class T2-11 Interests correspond to the Class T1-1 Interest, the Class T2-2 and Class T2-12 Interests correspond to the Class T1-2 Interest, the Class T2-3 and Class T2-13 Interests correspond to the Class T1-3 Interest, the Class T2-101 Interest corresponds to the Class T1-101 Interest, the Class T2-102 Interest corresponds to the Class T1-102 Interest and the Class T2-4, Class T2-5 and Class T2-6 Interests correspond AIO Interest corresponds to the Class T1-4, Class T1-5 and Class T1-6 Interests, respectivelyAIO Interest. Interest will accrue on each of the Class T2-1, Class T2-2 and Class T2-3 Interests at the REMIC 2 Pass-Through Rate. Interest will accrue on each of the Class T2-11, Class T2-12 and Class T2-13 Interests at the excess, if any, of the Adjusted Weighted Average Net Mortgage Rate over the REMIC 2 Pass-Through Rate. Interest will accrue on the Class T2-4, 101 Interest at the Loan Group I Weighted Average Net Mortgage Rate. Interest will accrue on the Class T2-5 and Class T2-6 Interests 102 Interest at the Loan Group II Weighted Average Net Mortgage Rate. Any shortfalls of interest will be allocated, first, to the Class T2-4, Class T2-5 and Class T2-6 Interests to the extent that interest shortfalls are allocated to the Class T1-4, Class T1-5 and Class T1-6 Interests; second, pro rata, to the Class T2-11, Class T2-12 and Class T2-13 Interests; and thirdsecond, pro rata, to the Class T2-1, Class T2-2 and 2, Class T2-3 Interests, Class T2-101 and Class T2-102 Interests, and third, to the Class T2-AIO Interest. Amounts in the Distribution Account deemed distributed in respect of the REMIC 2 Regular Interests shall be treated as held by REMIC 3 for distribution in accordance with Section 4.10(b4.08(b). Any portion of Available Funds remaining in REMIC 2 on a Distribution Date shall be distributed to the Class R Certificates in respect of the Class R-2