Common use of REMIC IV Clause in Contracts

REMIC IV. As provided herein, the Securities Administrator on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the REMIC III Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC IV”. The Class I-R-3 Certificates will represent the sole class of Residual Interests in REMIC IV for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, Pass-Through Rate, Initial Certificate Principal Balance (or initial Uncertificated Principal Balance, in the case of the Class C Interests and Class IO Interests) and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each class of Certificates and interests that represents ownership of one or more of the Regular Interests in REMIC IV created hereunder. Each Certificate, other than the Class C Certificates and Class R Certificates, represents ownership of a Regular Interest in REMIC IV and also represents (i) the right to receive certain amounts specified herein in respect of related Basis Risk Shortfall Carry Forward Amounts (as defined herein) and (ii) the obligation to pay related Class IO Distribution Amounts (as defined herein). The entitlement to principal of the Regular Interest which corresponds to each Certificate shall be equal in amount and timing to the entitlement to principal of such Certificate. Each Class C Certificate represents ownership of a Regular Interest in REMIC IV and also represents the obligation to pay certain amounts specified herein in respect of related Basis Risk Shortfall Carry Forward Amounts. I-A(4) Variable(2) $ 202,094,000.00 April 25, 2036 I-M-1(4) Variable(2) $ 15,234,000.00 April 25, 2036 I-M-2(4) Variable(2) $ 15,524,000.00 April 25, 2036 I-M-3(4) Variable(2) $ 5,514,000.00 April 25, 2036 I-M-4(4) Variable(2) $ 6,965,000.00 April 25, 2036 I-M-5(4) Variable(2) $ 6,238,000.00 April 25, 2036 I-M-6(4) Variable(2) $ 4,206,000.00 April 25, 2036 I-B-1(4) Variable(2) $ 4,496,000.00 April 25, 2036 I-B-2(4) Variable(2) $ 4,351,000.00 April 25, 2036 I-B-3(4) Variable(2) $ 3,771,000.00 April 25, 2036 I-B-4(4) Variable(2) $ 4,642,000.00 April 25, 2036 Class I-C Interest Variable(2)(3) $ 17,119,940.59 April 25, 2036 II-A-1(4) Variable(2) $ 150,999,000.00 May 25, 2036 II-A-2(4) Variable(2) $ 103,069,000.00 May 25, 2036 II-A-3(4) Variable(2) $ 47,930,000.00 May 25, 2036 II-M-1(4) Variable(2) $ 22,628,000.00 May 25, 2036 II-M-2(4) Variable(2) $ 22,206,000.00 May 25, 2036 II-M-3(4) Variable(2) $ 9,094,000.00 May 25, 2036 II-M-4(4) Variable(2) $ 8,671,000.00 May 25, 2036 II-M-5(4) Variable(2) $ 8,671,000.00 May 25, 2036 II-M-6(4) Variable(2) $ 6,556,000.00 May 25, 2036 II-B-1(4) Variable(2) $ 6,979,000.00 May 25, 2036 II-B-2(4) Variable(2) $ 6,133,000.00 May 25, 2036 II-B-3(4) Variable(2) $ 5,922,000.00 May 25, 2036 II-B-4(4) Variable(2) $ 5,076,000.00 May 25, 2036 Class II-C Interest Variable(2)(3) $ 19,034,346.30 May 25, 2036 ______________________________________