TIER REMIC. The Lower-Tier REMIC will hold the Mortgage Loans and will issue the Class LA1, Class LA2, Class LA3, Class LA4, Class LAAB, Class LABP, Class LAS, Class LB, Class LC, Class LD, Class LE, Class LF, Class LG and Class LH Uncertificated Interests (the “Lower-Tier Regular Interests”), which will evidence the “regular interests” in the Lower-Tier REMIC created hereunder. The Lower-Tier REMIC will also issue the uncertificated Class LR Interest, which is the sole Class of “residual interests” in the Lower-Tier REMIC and is represented by the Class R Certificates. The following table sets forth the Original Lower-Tier Principal Amounts and per annum rates of interest for the Lower-Tier Regular Interests and the Class LR Interest: Designation Interest Rate or Pass- Through Rate Original Lower-Tier Principal Amount Class LA1 (1) $ 14,278,000 Class LA2 (1) $ 72,424,000 Class LA3 (1) $ 270,000,000 Class LA4 (1) $ 311,927,000 Class LAAB (1) $ 35,645,000 Class LABP (1) $ 10,000,000 Class LAS (1) $ 70,152,000 Class LB (1) $ 44,642,000 Class LC (1) $ 56,122,000 Class LD (1) $ 28,979,000 Class LE (1) $ 27,142,000 Class LF (1) $ 26,786,000 Class LG (1) $ 10,204,000 Class LH (1) $ 42,091,386 Class LR N/A(2) N/A
TIER REMIC. The Class LA, Class LB, Class LC, Class LD, Class LE and Class LRRI Uncertificated Interests will evidence “regular interests” in the Lower-Tier REMIC created hereunder. The Class LT-R Interest will constitute the sole Class of “residual interests” in the Lower-Tier REMIC created hereunder and will be evidenced by the Class R Certificates. The following table sets forth the initial Lower-Tier Principal Amounts and Pass-Through Rates for the Uncertificated Lower-Tier Interests and the Class LT-R Interest comprising the interests in the Lower-Tier REMIC created hereunder: Class Designation Pass-Through Rate/RR Interest Rate Original Lower-Tier Principal Amount Class LA (1) $124,545,000 Class LB (1) $168,530,000 Class LC (1) $43,985,000 Class LD (1) $97,850,000 Class LE (1) $109,250,000 Class LRRI (1) $29,735,000 Class LT-R None None(2)
TIER REMIC. [The Class LA-1-1, Class LA-1-2, Class LA-1-3, Class LA-1-4, Class LA-1A-1, Class LA-1A-2, Class LA-1A-3, Class LA-1A-4, Class LA-1A-5, Class LA-1A-6, Class LA-1A-7, Class LA-1A-8, Class LA-1A-9, Class LA-1A-10, Class LA-1A-11, Class LA-1A-12, Class LA-1A-13, Class LA-1A-14, Class LA-1A-15, Class LA-2-1, Class LA-2-2, Class LA-2-3, Class LA-2-4, Class LA-2-5, Class LA-2-6, Class LA-2FL-1, Class LA-2FL-2, Class LA-2FL-3, Class LA-2FL-4, Class LA-2FL-5, Class LA-2FL-6, Class LA-3-1, Class LA-3-2, Class LA-4-1, Class LA-4-2, Class LA-4-3, Class LA-4-4, Class LA-4-5, Class LA-4-6, Class LA-SB-1, Class LA-SB-2, Class LA-SB-3, Class LA-SB-4, Class LA-SB-5, Class LA-SB-6, Class LA-M, Class LA-J, Class LB, Class LC, Class LD-1, Class LD-2, Class LD-3, Class LE-1, Class LE-2, Class LE-3, Class LF-1, Class LF-2, Class LF-3, Class LG-1, Class LG-2, Class LH-1, Class LH-2, Class LH-3, Class LJ, Class LK-1, Class LK-2, Class LL, Class LM, Class LN, Class LP and Class LNR Uncertificated Interests will evidence "regular interests" in the Lower-Tier REMIC created hereunder. The sole Class of "residual interests" in the Lower-Tier REMIC will be evidenced by the Class LR Certificates.] The following table sets forth the Original Lower-Tier Principal Amounts and per annum rates of interest for the Uncertificated Lower-Tier Interests and the Class LR Certificates:
TIER REMIC. The Class SI-UR Interest will represent the sole class of "residual interests" in the Shifting Interest Upper-Tier REMIC for purposes of the REMIC Provisions. The following table irrevocably sets forth (or describes) the designation, the Interest Rate, and Initial Balance or Notional Amount for each Shifting Interest Upper-Tier Interest comprising the "regular interests" in the Shifting Interest Upper-Tier REMIC for purposes of the REMIC Provisions and solely for purposes of Satisfying Treasury Regulations Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each class of Shifting Interest Upper-Tier Interests. ------------------------ ----------------------------- -------------------------------- -------------------------- Initial Balance or Latest Possible Designation Notional Amount Interest Rate Maturity Date(1) ------------------------ ----------------------------- -------------------------------- -------------------------- 1-A-R $100 (2) September 25, 2036 ------------------------ ----------------------------- -------------------------------- -------------------------- 1-A-1 $70,000,000 (2) September 25, 2036 ------------------------ ----------------------------- -------------------------------- -------------------------- 1-A-2 $10,043,000 (2) September 25, 2036 ------------------------ ----------------------------- -------------------------------- -------------------------- 1-A-3 $80,043,000(3) (2) September 25, 2036 ------------------------ ----------------------------- -------------------------------- -------------------------- 1-A-4 $87,663,000 (4) September 25, 2036 ------------------------ ----------------------------- -------------------------------- -------------------------- 1-A-5 $1,000 (2) September 25, 2036 ------------------------ ----------------------------- -------------------------------- -------------------------- 1-A-6 $1,000 (2) September 25, 2036 ------------------------ ----------------------------- -------------------------------- -------------------------- 1-A-7 $51,597,000 (2) September 25, 2036 ------------------------ ----------------------------- -------------------------------- -------------------------- 1-A-8 $2,010,000 (2) September 25, 2036 ------------------------ ----------------------------- -------------------------------- -------------------------- 1-A-9 $30,597,000 (2) September 25, 2036 ------------------------ ----------------------------- -------------------------------- -----------------------...
TIER REMIC. The Class SI-MR Interest will represent the sole class of "residual interests" in the Shifting Interest Middle-Tier REMIC for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, the Uncertificated Shifting Interest Middle-Tier REMIC Pass-Through Rate, the initial Uncertificated Balance, and solely for purposes of satisfying Treasury Regulations Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated Shifting Interest Middle-Tier Regular Interests. None of the Uncertificated Shifting Interest Middle-Tier Interests will be certificated.
TIER REMIC. The Class SI-UR Interest will represent the sole class of "residual interests" in the Shifting Interest Upper-Tier REMIC for purposes of the REMIC Provisions. The following table irrevocably sets forth (or describes) the designation, the Interest Rate, and Initial Uncertificated Balance or Notional Amount for each Shifting Interest Upper-Tier Regular Interest comprising the "regular interests" in the Shifting Interest Upper-Tier REMIC for purposes of the REMIC Provisions and solely for purposes of Satisfying Treasury Regulations Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each class of Shifting Interest Upper-Tier Regular Interests.
TIER REMIC. The Upper-Tier REMIC shall issue the following interests, and each such interest, other than the Class UT-R Interest, is hereby designated as a regular interest in the Upper-Tier REMIC. The Class UT-R Interest is hereby designated as the sole class of residual interests in the Upper-Tier REMIC and shall be represented by the Class R-1 Certificates. Upper-Tier REMIC Upper-Tier Initial Principal Corresponding Class Interest Interest Rate Upper-Tier Amount of Certificates ------------------------ ----------------- ------------------------- ---------------------- Class A-1 (1) $297,636,000 Class A-1 Class A-2 (1) $169,463,000 Class A-2 Class A-3 (1) $ 79,117,000 Class A-3 Class M-1 (1) $ 49,720,000 Class M-1 Class M-2 (1) $ 40,265,000 Class M-2 Class M-3 (1) $ 11,555,000 Class M-3 Class B-1 (1) $ 10,154,000 Class B-1 Class B-2 (1) $ 8,403,000 Class B-2 Class B-3 (1) $ 8,754,000 Class B-3 Class B-4 (1) $ 9,804,000 Class B-4 Class IO (2) (2) N/A Class X (3) (3) Class X Class UT-R (4) (4) Class R -------------
TIER REMIC. The Lower-Tier REMIC will hold the Mortgage Loans (exclusive of Excess Interest) and will issue the Class LA1, Class LA2, Class LA3, Class LA4, Class LA5, Class LASB, Class LAS, Class LB, Class LC, Class LD, Class LE, Class LF and Class LNR Uncertificated Interests (the “Uncertificated Lower-Tier Interests”), which will evidence the
TIER REMIC. The Lower-Tier REMIC shall issue the Lower-Tier REMIC Interests as designated below. The following table specifies the class designation, pass-through rate, initial principal amount and Corresponding Certificates (as applicable) for each class of Lower-Tier REMIC Interest. Lower-Tier REMIC Corresponding Interest Initial Principal Amount Pass-Through Rate Certificates LTA-1 (1 ) (3 ) A-0 XXX-0 (1 ) (3 ) A-0 XXX-0 (1 ) (3 ) M-1 LTM-2 (1 ) (3 ) M-2 LTM-3 (1 ) (3 ) M-3 LTM-4 (1 ) (3 ) M-4 LTM-5 (1 ) (3 ) M-5 LTM-6 (1 ) (3 ) M-6 LTX (2 ) (3 ) N/A LT-IO (4 ) (4 ) N/A LT-R (5 ) (5 ) N/A
TIER REMIC. REMIC 3.
