Common use of W I T N E S S E T H T H A T Clause in Contracts

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the Trust Fund be treated for federal income tax purposes as comprising one real estate mortgage investment conduit (the "REMIC"). The REMIC will hold as assets all property of the Trust Fund and will be evidenced by the Certificates which will represent the "regular interests" in the REMIC and the Class A-R Certificate as the single "residual interest" in the REMIC. The latest possible maturity date of the REMIC regular interests created herein shall be the Latest Possible Maturity Date. The REMIC The following table sets forth characteristics of the Certificates, together with minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable, except that one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount: ============================ ========================= ================= ================== ===================== --------------------------- Initial Class Pass-Through Minimum Integral Multiples Class Designation Certificate Balance Rate Denomination in Excess of Minimum ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-1 $198,666,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-2 $20,000,000 8.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-3 $100,000,000 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-4 $ 3,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-5 $ 1,500,000 5.75% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-6 $ 1,500,000 6.25% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-7 $ 3,600,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-8 $ 2,400,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-9 $ 3,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-10 $ 2,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-11 $40,000,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class PO $ 333,993 N/A $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-X Notional(1) Variable(2) $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-R $ 100 N/A $ 100 N/A ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-1 $14,800,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-2 $ 3,200,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-3 $ 2,600,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-4 $ 1,200,000 6.00% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-5 $ 1,000,000 6.00% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-6 $ 1,199,907 6.00% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class P $ 100 0%(3) $ 100 N/A ============================ ========================= ================= ================== =====================

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the The Trust Fund be treated for federal income tax purposes as comprising will consist of one real estate mortgage investment conduit REMIC (the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each REMIC created hereunder. The Master REMIC will hold as assets all property of the Trust Fund and will be evidenced by the Certificates which will represent the "regular interests" in the REMIC and Fund. For federal income tax purposes, each Certificate (other than the Class A-R Certificate Certificate) is hereby designated as the single "residual interest" a regular interest in the Master REMIC. The latest possible maturity date of the all REMIC regular interests created herein in this Agreement shall be the Latest Possible Maturity Date. The Master REMIC The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable, issuable (except that one Residual Certificate representing the Tax Matters Person Certificate of each Class of Certificates may be issued in a different amount: ): ============================================================================================================================== Integral Multiples in Initial Class Pass-Through Minimum Excess of Class Designation Certificate Balance Rate Denomination Minimum ------------------------------------------------------------------------------------------------------------------------------ Class A-1 $123,890,000.00 5.50% $ 25,000 $1,000 ------------------------------------------------------------------------------------------------------------------------------ Class A-2 $250,000,000.00 5.50% $ 25,000 $1,000 ------------------------------------------------------------------------------------------------------------------------------ Class A-3 $52,000,000.00 5.50% $ 1,000 $1,000 ------------------------------------------------------------------------------------------------------------------------------ Class A-4 $5,000,000.00 5.00% $ 25,000 $1,000 ------------------------------------------------------------------------------------------------------------------------------ Class A-5 $31,000,000.00 5.00% $ 25,000 $1,000 ------------------------------------------------------------------------------------------------------------------------------ Class A-6 $5,000,000.00 5.00% $ 1,000 $1,000 ------------------------------------------------------------------------------------------------------------------------------ Class A-7 $41,000,000.00 6.00% $ 25,000 $1,000 ------------------------------------------------------------------------------------------------------------------------------ Class A-8 $6,096,000.00 5.50% $ 25,000 $1,000 ------------------------------------------------------------------------------------------------------------------------------ Class A-9 6,110,000.00 5.50% $ 25,000 $1,000 ------------------------------------------------------------------------------------------------------------------------------ Class PO 2,477,398.63 N/A(1) $ 25,000 $1,000 ------------------------------------------------------------------------------------------------------------------------------ Class A-X Notional(2) Variable(3) $ 25,000(4) $1,000(4) ------------------------------------------------------------------------------------------------------------------------------ Class A-R $100.00 5.50% $ 100 N/A ------------------------------------------------------------------------------------------------------------------------------ Class B-1 $11,515,000.00 5.50% $ 25,000 $1,000 ------------------------------------------------------------------------------------------------------------------------------ Class B-2 $4,935,000.00 5.50% $ 25,000 $1,000 ------------------------------------------------------------------------------------------------------------------------------ Class B-3 $2,742,000.00 5.50% $ 25,000 $1,000 ------------------------------------------------------------------------------------------------------------------------------ Class B-4 $3,016,000.00 5.50% $ 100,000 $1,000 ------------------------------------------------------------------------------------------------------------------------------ Class B-5 $1,919,000.00 5.50% $ 100,000 $1,000 ============================================================================================================================== ========================= ================= ================== ===================================================================================== --------------------------- Initial Class Pass-Through Minimum Integral Multiples Class Designation Certificate Balance Rate Denomination in Excess of Minimum ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-1 B-6 $198,666,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-2 $20,000,000 8.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-3 $100,000,000 1,645,730.66 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-4 $ 3,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-5 $ 1,500,000 5.75% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-6 $ 1,500,000 6.25% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-7 $ 3,600,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-8 $ 2,400,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-9 $ 3,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-10 $ 2,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-11 $40,000,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class PO $ 333,993 N/A $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-X Notional(1) Variable(2) $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-R $ 100 N/A $ 100 N/A ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-1 $14,800,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-2 $ 3,200,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-3 $ 2,600,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-4 $ 1,200,000 6.00% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-5 $ 1,000,000 6.00% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-6 $ 1,199,907 6.00% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------------------------------------------------------------------------------------------------------------------ Class P $ 100 0%(3$100.00 0.00%(5) $ 100 N/A ============================ ========================= ================= ================== ===========================================================================

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the Trust Fund be treated for federal income tax purposes as comprising one a real estate mortgage investment conduit (the "REMIC"). The REMIC will hold as assets all property of the Trust Fund and will be evidenced by the Certificates which and will represent the "regular interests" in the REMIC REMIC, and the Class A-R Certificate as the single "residual interest" in the REMICCertificates. The latest possible maturity date of the all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The REMIC The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable, issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount: ): ================================================================================================================= ========================= ================= ================== ===================== --------------------------- Integral Multiples Initial Class Pass-Through Minimum Integral Multiples in Excess of Class Designation Certificate Balance Rate Denomination in Excess of Minimum ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ----------------------------------------------------------------------------------------------------------------- Class A-1 $198,666,000 6.00171,407,455 5.75% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ----------------------------------------------------------------------------------------------------------------- Class A-2 $20,000,000 8.5038,090,545 (1) $ 25,000 $1,000 ----------------------------------------------------------------------------------------------------------------- Class A-3 Notional(2) (3) $ 25,000(4) $1,000(4) ----------------------------------------------------------------------------------------------------------------- Class A-4 $4,000,000 5.75% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ----------------------------------------------------------------------------------------------------------------- Class A-3 A-5 $100,000,000 25,000,000 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ----------------------------------------------------------------------------------------------------------------- Class A-4 $ 3,000,000 6.00A-6 Notional(5) 0.25% $ 1,000 25,000(4) $1,000(4) ----------------------------------------------------------------------------------------------------------------- Class PO $863,244 N/A(6) $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ----------------------------------------------------------------------------------------------------------------- Class A-5 A-X Notional(7) Variable(8) $ 1,500,000 25,000(4) $1,000(4) ----------------------------------------------------------------------------------------------------------------- Class A-R $100 5.75% $ 1,000 100 N/A ----------------------------------------------------------------------------------------------------------------- Class B-1 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-6 $ 1,500,000 6.25% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-7 $ 3,600,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-8 $ 2,400,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-9 $ 3,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-10 $ 2,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-11 $40,000,000 6.005,640,000 5.75% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ----------------------------------------------------------------------------------------------------------------- Class PO $ 333,993 N/A $ 25,000 B-2 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-X Notional(1) Variable(2) $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-R $ 100 N/A $ 100 N/A ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-1 $14,800,000 6.001,880,000 5.75% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ----------------------------------------------------------------------------------------------------------------- Class B-2 $ 3,200,000 6.00B-3 $1,127,000 5.75% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-3 $ 2,600,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ----------------------------------------------------------------------------------------------------------------- Class B-4 $ 1,200,000 6.00$878,000 5.75% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ----------------------------------------------------------------------------------------------------------------- Class B-5 $ 1,000,000 6.00$626,000 5.75% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ----------------------------------------------------------------------------------------------------------------- Class B-6 $ 1,199,907 6.00$1,128,620 5.75% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ----------------------------------------------------------------------------------------------------------------- Class P $ 100 0%(3$100.00 0%(9) $ 100 N/A ============================ ========================= ================= ================== ==============================================================

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the Trust Fund be treated for federal income tax purposes as comprising one a real estate mortgage investment conduit (the "REMIC"). The REMIC will hold as assets all property of the Trust Fund and will be evidenced by the Certificates. The Certificates which will represent the "regular interests" in the REMIC and (other than the Class A-R Certificate as Certificates) will represent the single "regular interests in the REMIC. The Class A-R Certificates will represent the residual interest" interest in the REMIC. The latest possible maturity date of the all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The REMIC The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable, issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount: ): =========================================================================================================================== ========================= ================= ================== ===================== --------------------------- Integral Multiples in Initial Class Pass-Through Minimum Integral Multiples Excess of Class Designation Certificate Balance Rate Denomination in Excess of Minimum ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- --------------------------------------------------------------------------------------------------------------------------- Class A-1 $198,666,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-2 $20,000,000 8.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-3 $100,000,000 190,270,000 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- --------------------------------------------------------------------------------------------------------------------------- Class A-4 PO $2,772,089 N/A(1) $ 3,000,000 6.0025,000 $1,000 --------------------------------------------------------------------------------------------------------------------------- Class A-X Notional(2) Variable(3) $ 25,000(4) $1,000(4) --------------------------------------------------------------------------------------------------------------------------- Class A-R $100.00 5.50% $ 1,000 100 N/A --------------------------------------------------------------------------------------------------------------------------- Class B-1 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-5 $ 1,500,000 5.75% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-6 $ 1,500,000 6.25% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-7 $ 3,600,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-8 $ 2,400,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-9 $ 3,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-10 $ 2,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-11 $40,000,000 6.004,548,000 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- --------------------------------------------------------------------------------------------------------------------------- Class PO $ 333,993 N/A $ 25,000 B-2 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-X Notional(1) Variable(2) $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-R $ 100 N/A $ 100 N/A ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-1 $14,800,000 6.002,021,500 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- --------------------------------------------------------------------------------------------------------------------------- Class B-2 $ 3,200,000 6.00B-3 $606,500 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- --------------------------------------------------------------------------------------------------------------------------- Class B-3 $ 2,600,000 6.00B-4 $808,500 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- --------------------------------------------------------------------------------------------------------------------------- Class B-4 $ 1,200,000 6.00B-5 $606,400 5.50% $ 100,000 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- --------------------------------------------------------------------------------------------------------------------------- Class B-5 $ 1,000,000 6.00B-6 $505,501 5.50% $ 100,000 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-6 $ 1,199,907 6.00% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- --------------------------------------------------------------------------------------------------------------------------- Class P $ 100 0%(3$100.00 N/A(5) $ 100 N/A ============================ ========================= ================= ================== ========================================================================

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the The Trust Fund be treated (exclusive of the Yield Maintenance Agreement and Yield Maintenance Reserve Fund) for federal income tax purposes as comprising one real estate mortgage investment conduit will consist of two REMICs (the "Lower Tier REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each REMIC created hereunder. The Master REMIC will hold as assets the Lower Tier Regular Interests. The Lower Tier REMIC will hold as assets all property of the Trust Fund (exclusive of the Yield Maintenance Agreement and will be evidenced by the Certificates which will represent the "regular interests" in the REMIC and Yield Maintenance Reserve Fund). For federal income tax purposes, each Certificate (other than the Class A-R Certificate Certificate) is hereby designated as the single "residual interest" a regular interest in the Master REMIC and each Lower Tier Regular Interest, as defined below, is designated as a regular interest in the Lower Tier REMIC. The latest possible maturity date of the all REMIC regular interests created herein in this Agreement shall be the Latest Possible Maturity Date. The Lower Tier REMIC The following table sets forth characteristics of the CertificatesLower Tier Regular Interests: ================================================================================ Class Principal Pass-Through Allocation Allocation of Class Designation Balance Rate of Interest Principal -------------------------------------------------------------------------------- Class 1-A-1 (1) 5.50% Class A-1 Class A-1 -------------------------------------------------------------------------------- Class 1-A-2 (1) 5.50% Class A-2 Class A-2 -------------------------------------------------------------------------------- Class 1-A-3 (1) 5.50% Class A-3 Class A-3 -------------------------------------------------------------------------------- Class 1-A-4 (1) 5.50% Class A-4 Class A-4 -------------------------------------------------------------------------------- Class 1-A-5 (1) 5.50% Class A-5 Class A-5 -------------------------------------------------------------------------------- Class 1-A-6 (1) 5.50% Class A-6, together with minimum denominations and integral multiples in excess thereof in which such Classes shall be issuableClass A-6 Class A-7 -------------------------------------------------------------------------------- Class 1-A-8 (1) 5.50% Class A-8, except that one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount: Class A-8 Class A-9 -------------------------------------------------------------------------------- Class 1-A-10 (1) 5.50% Class A-7, Class A-10 Class A-10, Class A-11 -------------------------------------------------------------------------------- Class 1-A-12 (1) 5.50% Class A-12 Class A-12 -------------------------------------------------------------------------------- Class 1-PO (1) 0.00% Class PO Class PO -------------------------------------------------------------------------------- Class 1-A-X (1) Variable(2) Class A-X Class A-X -------------------------------------------------------------------------------- Class 1-$100 (1) Variable(3) Class A-R Class A-R -------------------------------------------------------------------------------- Class 1-B-1 (1) 5.50% Class B-1 Class B-1 -------------------------------------------------------------------------------- Class 1-B-2 (1) 5.50% Class B-2 Class B-2 ================================================================================ ========================= ================= ================== ======================================= --------------------------- Initial Class Pass1-Through Minimum Integral Multiples Class Designation Certificate Balance Rate Denomination in Excess of Minimum ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-1 $198,666,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-2 $20,000,000 8.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-3 $100,000,000 B-3 (1) 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-4 $ 3,000,000 6.00B-3 Class B-3 -------------------------------------------------------------------------------- Class 1-B-4 (1) 5.50% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-5 $ 1,500,000 5.75B-4 Class B-4 -------------------------------------------------------------------------------- Class 1-B-5 (1) 5.50% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-6 $ 1,500,000 6.25B-5 Class B-5 -------------------------------------------------------------------------------- Class 1-B-6 (1) 5.50% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-7 $ 3,600,000 6.00B-6 Class B-6 -------------------------------------------------------------------------------- Class 1-B-7 (1) 5.50% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-8 $ 2,400,000 6.00B-7 Class B-7 -------------------------------------------------------------------------------- Class 1-B-8 (1) 5.50% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-9 $ 3,000,000 6.00B-8 Class B-8 -------------------------------------------------------------------------------- Class 1-B-9 (1) 5.50% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-10 $ 2,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- B-9 Class A-11 $40,000,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- B-9 -------------------------------------------------------------------------------- Class PO $ 333,993 1-P (1) 0.000%(4) Class P Class P -------------------------------------------------------------------------------- Class R-1(5) N/A $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-X Notional(1) Variable(2) $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-R $ 100 N/A $ 100 N/A ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-1 $14,800,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-2 $ 3,200,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-3 $ 2,600,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-4 $ 1,200,000 6.00% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-5 $ 1,000,000 6.00% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-6 $ 1,199,907 6.00% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class P $ 100 0%(3) $ 100 N/A ============================ ========================= ================= ================== =============================

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the Trust Fund be treated for federal income tax purposes as comprising one a real estate mortgage investment conduit (the "REMIC"). The REMIC will hold as assets all property of the Trust Fund and will be evidenced by the Certificates which and will represent the "regular interests" in the REMIC REMIC, and the Class A-R Certificate as the single "residual interest" in the REMICCertificates. The latest possible maturity date of the all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The REMIC The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable, issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount: ): ============================ ========================= ================= =================== ===================== --------------------------- Integral Multiples Initial Class Pass-Through Minimum Integral Multiples in Excess of Class Designation Certificate Balance Rate Denomination in Excess of Minimum ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-1 $198,666,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-2 $20,000,000 8.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-3 $100,000,000 25,000,000.00 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-2 $75,632,000.00 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-4 $ 3,000,000 6.00A-3 $6,000,000.00 5.50% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-4 $128,750,000.00 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-5 $ 1,500,000 5.75$5,446,000.00 5.50% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-6 PO $1,605,960.50 N/A(1) $ 1,500,000 6.25% $ 1,000 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-X Notional(2) Variable(3) $ 25,000(4) $1,000(4) ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-7 $ 3,600,000 6.00A-R $100 5.50% $ 1,000 $1,000 100 N/A ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-8 $ 2,400,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-9 $ 3,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-10 $ 2,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-11 $40,000,000 6.00B-1 7,362,000.00 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class PO $ 333,993 N/A $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-X Notional(1) Variable(2) $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-R $ 100 N/A $ 100 N/A ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-1 $14,800,000 6.00B-2 1,523,000.00 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class B-2 $ 3,200,000 6.00B-3 762,000.00 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-3 $ 2,600,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class B-4 $ 1,200,000 6.00508,000.00 5.50% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class B-5 $ 1,000,000 6.00254,000.00 5.50% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class B-6 $ 1,199,907 6.001,014,661.63 5.50% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class P $ 100 0%(3$100.00 0%(5) $ 100 N/A ============================ ========================= ================= =================== =====================

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the The Trust Fund be treated for federal income tax purposes as comprising will consist of one real estate mortgage investment conduit REMIC (the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in the Master REMIC. The Master REMIC will hold as assets all property of the Trust Fund and will be evidenced by the Certificates which will represent the "regular interests" in the REMIC and Fund. For federal income tax purposes, each Certificate (other than the Class A-R Certificate Certificate) is hereby designated as the single "residual interest" a regular interest in the Master REMIC. The latest possible maturity date of the all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The Master REMIC The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable, issuable (except that one Residual Certificate representing the Tax Matters Person Certificate of each Class of Certificates may be issued in a different amount: ): ============================ ========================= ================= =================== ===================== --------------------------- Integral Multiples Initial Class Pass-Through Minimum Integral Multiples in Excess of Class Designation Certificate Balance Rate Denomination in Excess of Minimum ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-1 $198,666,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-2 $20,000,000 8.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-3 $100,000,000 201,105,000.00 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-4 $ 3,000,000 6.00% $ 1,000 A-2 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-5 $ 1,500,000 5.75% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-6 $ 1,500,000 6.25% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-7 $ 3,600,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-8 $ 2,400,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-9 $ 3,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-10 $ 2,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-11 $40,000,000 6.0021,080,000.00 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class PO $ 333,993 N/A A-3 $26,017,000.00 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-X Notional(1) Variable(2PO $255,927.76 N/A(1) $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-X Notional(2) Variable(3) $ 25,000(4) $1,000(4) ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-R $ $100 N/A 5.50% $ 100 N/A ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class B-1 $14,800,000 6.005,984,000.00 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class B-2 $ 3,200,000 6.00$2,341,000.00 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class B-3 $ 2,600,000 6.00$1,041,000.00 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class B-4 $ 1,200,000 6.00$1,041,000.00 5.50% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class B-5 $ 1,000,000 6.00$390,000.00 5.50% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class B-6 $ 1,199,907 6.00$911,076.88 5.50% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class P $ 100 0%(3$100.00 0%(5) $ 100 N/A ============================ ========================= ================= =================== =====================

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the The Trust Fund be treated for federal income tax purposes as comprising will consist of one real estate mortgage investment conduit REMIC (the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in the Master REMIC. The Master REMIC will hold as assets all property of the Trust Fund and will be evidenced by the Certificates which will represent the "regular interests" in the REMIC and Fund. For federal income tax purposes, each Certificate (other than the Class A-R Certificate Certificate) is hereby designated as the single "residual interest" a regular interest in the Master REMIC. The latest possible maturity date of the all REMIC regular interests created herein in this Agreement shall be the Latest Possible Maturity Date. The Master REMIC The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable, issuable (except that one Residual Certificate representing the Tax Matters Person Certificate of each Class of Certificates may be issued in a different amount: ): ============================ ========================= ===================== =================== ===================== --------------------------- Integral Initial Class Pass-Through Minimum Integral Multiples in Class Designation Certificate Balance Pass-Through Rate Denomination in Excess of Minimum ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-1 $198,666,000 6.0058,815,366.00 5.00% $ $25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-2 $20,000,000 8.5011,203,098.00 6.00% $ $25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-3 $100,000,000 5.50165,243,000.00 6.00% $ $25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-4 $ 3,000,000 6.00% $ 1,000 PO $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-5 $ 1,500,000 5.75% $ 1,000 2,207,808.00 N/A(1) $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-6 $ 1,500,000 6.25% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-7 $ 3,600,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-8 $ 2,400,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-9 $ 3,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-10 $ 2,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-11 $40,000,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class PO $ 333,993 N/A $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-X Notional(1Notional(2) Variable(25.75% $25,000(3) $ 25,000 $1,000 1,000(3) ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-R $ 100 N/A $100.00 5.75% $ 100 N/A ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class B-1 $14,800,000 6.006,249,000.00 5.75% $ $25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class B-2 $ 3,200,000 6.00$2,249,000.00 5.75% $ $25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class B-3 $ 2,600,000 6.00$1,250,000.00 5.75% $ $25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class B-4 $ 1,200,000 6.00$1,250,000.00 5.75% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class B-5 $ 1,000,000 6.00$875,000.00 5.75% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class B-6 $ 1,199,907 6.00$625,388.95 5.75% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class P $ 100 0%(3$100.00 0.00%(4) $ 100 N/A ============================ ========================= ===================== =================== =====================

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this AgreementFor federal income tax purposes, the Trustee will elect that the Trust Fund be treated for federal income tax purposes as comprising will consist of one real estate mortgage investment conduit REMIC (the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in the Master REMIC. The Master REMIC will hold as assets all property of the Trust Fund and will be evidenced by the Certificates which will represent the "regular interests" in the REMIC and Fund. Each Certificate (other than the Class A-R Certificate Certificate) is hereby designated as the single "residual interest" a regular interest in the Master REMIC. The latest possible maturity date of the all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The Master REMIC The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable, issuable (except that one Residual Certificate representing the Tax Matters Person Certificate of each Class of Certificates may be issued in a different amount: ============================ ================================================================================= ================= ================== ===================== --------------------------- Integral Multiples in Initial Class Pass-Through Minimum Integral Multiples Excess of Class Designation Certificate Balance Rate Denomination in Excess of Minimum ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------------------------------------------------------------------------------------------------ Class A-1 $198,666,000 6.0025,149,000 5.50% $ 25,000 $100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------------------------------------------------------------------------------------------------ Class A-2 $20,000,000 8.501,227,000 5.50% $ 25,000 $100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------------------------------------------------------------------------------------------------ Class A-3 $100,000,000 75,000,000 5.50% $ 25,000 $100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------------------------------------------------------------------------------------------------ Class A-4 $ 3,000,000 6.00$31,214,000 5.50% $ $100,000 $1,000 ------------------------------------------------------------------------------------------------------------ Class A-5 $84,394,000 5.50% $100,000 $1,000 ------------------------------------------------------------------------------------------------------------ Class A-6 $23,954,000 5.65% $1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------------------------------------------------------------------------------------------------ Class A-5 $ 1,500,000 5.75% $ 1,000 A-7 $1,046,000 N/A(1) $100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------------------------------------------------------------------------------------------------ Class A-6 $ 1,500,000 6.25% $ 1,000 PO $599,991 N/A(1) $100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-7 $ 3,600,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-8 $ 2,400,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-9 $ 3,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-10 $ 2,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-11 $40,000,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class PO $ 333,993 N/A $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------------------------------------------------------------------------------------------------ Class A-X Notional(1Notional(2) Variable(2Variable(3) $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- 100,000(4) $1,000(4) ------------------------------------------------------------------------------------------------------------ Class A-R $ $100 5.50% $100 N/A $ 100 N/A ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------------------------------------------------------------------------------------------------ Class B-1 $14,800,000 6.006,233,000 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-2 $ 3,200,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-3 $ 2,600,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-4 $ 1,200,000 6.00% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------------------------------------------------------------------------------------------------ Class B-5 $ 1,000,000 6.00B-2 $2,035,000 5.50% $ $100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------------------------------------------------------------------------------------------------ Class B-6 $ 1,199,907 6.00B-3 $1,272,000 5.50% $ $100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------------------------------------------------------------------------------------------------ Class B-4 $890,000 5.50% $100,000 $1,000 ------------------------------------------------------------------------------------------------------------ Class B-5 $890,000 5.50% $100,000 $1,000 ------------------------------------------------------------------------------------------------------------ Class B-6 $510,522 5.50% $100,000 $1,000 ------------------------------------------------------------------------------------------------------------ Class P $ 100 0%(3$100.00 0%(5) $ $100 N/A ============================ ========================= ================= ================== =========================================================

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this AgreementFor federal income tax purposes, the Trustee will elect that the Trust Fund be treated for federal income tax purposes as comprising will consist of one real estate mortgage investment conduit REMIC (the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in the Master REMIC. The Master REMIC will hold as assets all property of the Trust Fund and will be evidenced by the Certificates which will represent the "regular interests" in the REMIC and Fund. Each Certificate (other than the Class A-R Certificate Certificate) is hereby designated as the single "residual interest" a regular interest in the Master REMIC. The latest possible maturity date of the all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The Master REMIC The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable, issuable (except that one Residual Certificate representing the Tax Matters Person Certificate of each Class of Certificates may be issued in a different amount: ============================ ========================= ================= =================== ===================== --------------------------- Integral Multiples in Initial Class Pass-Through Minimum Integral Multiples Excess of Class Designation Certificate Balance Rate Denomination in Excess of Minimum ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-1 $198,666,000 6.0050,000,000 5.50% $ $25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-2 $20,000,000 8.5049,095,000 5.50% $ $25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-3 $100,000,000 19,764,000 5.50% $ $25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-4 $ 3,000,000 6.00$5,000,000 5.50% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-5 $ 1,500,000 5.75% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-6 $ 1,500,000 6.25% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-7 $ 3,600,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-8 $ 2,400,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-9 $ 3,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-10 $ 2,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-11 $40,000,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class PO $ 333,993 N/A $ A-5 $63,810,000 5.50% $25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-X Notional(1PO $587,121 N/A(1) Variable(2) $ $25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-X Notional(2) Variable(3) $25,000(4) $1,000(4) ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-R $ $100 N/A $ 5.50% $100 N/A ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class B-1 $14,800,000 6.004,447,000 5.50% $ $25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class B-2 $ 3,200,000 6.00$1,680,000 5.50% $ $25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class B-3 $ 2,600,000 6.00$1,087,000 5.50% $ $25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class B-4 $ 1,200,000 6.00$889,000 5.50% $ $100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class B-5 $ 1,000,000 6.00$791,000 5.50% $ $100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class B-6 $ 1,199,907 6.00$494,507 5.50% $ $100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class P $ 100 0%(3$100.00 0%(5) $ $100 N/A ============================ ========================= ================= =================== =====================

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the The Trust Fund be treated for federal income tax purposes as comprising will consist of one real estate mortgage investment conduit REMIC (the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in the Master REMIC. The Master REMIC will hold as assets all property of the Trust Fund (other than the Pre-Funding Account and will be evidenced by the Certificates which will represent the "regular interests" in the REMIC and Capitalized Interest Account). For federal income tax purposes, each Certificate (other than the Class A-R Certificate Certificate) is hereby designated as the single "residual interest" a regular interest in the Master REMIC. The latest possible maturity date of the all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The Master REMIC The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable, issuable (except that one Residual Certificate representing the Tax Matters Person Certificate of each Class of Certificates may be issued in a different amount: ): ============================ ========================= ================= =================== ===================== --------------------------- Integral Multiples in Initial Class Pass-Through Minimum Integral Multiples Excess of Class Designation Certificate Balance Rate Denomination in Excess of Minimum ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-1 $198,666,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-2 $20,000,000 8.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-3 $100,000,000 328,508,000.00 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-4 $ 3,000,000 6.00A-2 $1,844,614.00 5.50% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-5 $ 1,500,000 5.75% $ 1,000 A-3 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-6 $ 1,500,000 6.25% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-7 $ 3,600,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-8 $ 2,400,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-9 $ 3,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-10 $ 2,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-11 $40,000,000 6.0050,000,000.00 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class PO $ 333,993 $647,285.07 N/A $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-X Notional(1) Variable(2A(1) $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-X Notional(2) Variable(3) $ 25,000(4) $1,000(4) ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-R $ 100 N/A $100.00 5.50% $ 100 N/A ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class B-1 $14,800,000 6.009,000,000.00 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class B-2 $ 3,200,000 6.00$3,600,000.00 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class B-3 $ 2,600,000 6.00$2,000,000.00 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class B-4 $ 1,200,000 6.00$2,000,000.00 5.50% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class B-5 $ 1,000,000 6.00$1,400,000.00 5.50% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class B-6 $ 1,199,907 6.00$1,000,000.93 5.50% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class P $ $100 0%(3N/A(5) $ 100 N/A ============================ ========================= ================= =================== =====================

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the Trust Fund be treated for federal income tax purposes as comprising one a real estate mortgage investment conduit (the "REMIC"). The REMIC will hold as assets all property of the Trust Fund and will be evidenced by the Certificates. The Certificates which will represent the "regular interests" in the REMIC and (other than the Class A-R Certificate as Certificates) will represent the single "regular interests in the REMIC. The Class A-R Certificates will represent the residual interest" interests in the REMIC. The latest possible maturity date of the all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The REMIC The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable, issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount: ): ============================ ========================= ================= =================== ===================== --------------------------- Integral Multiples Initial Class Pass-Through Minimum Integral Multiples in Excess of Class Designation Certificate Balance Rate Denomination in Excess of Minimum ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-1 $198,666,000 6.00197,265,000 5.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class PO $4,701,208 N/A(1) $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-2 A-X Notional(2) Variable(3) $ 25,000(4) $20,000,000 8.501,000(4) ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class A-R $100.00 5.00% $ 100 N/A ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class B-1 $1,950,300 5.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-3 B-2 $100,000,000 5.50513,200 5.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class A-4 $ 3,000,000 6.00% $ 1,000 B-3 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-5 $ 1,500,000 5.75% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-6 $ 1,500,000 6.25% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-7 $ 3,600,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-8 $ 2,400,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-9 $ 3,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-10 $ 2,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-11 $40,000,000 6.00307,800 5.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class PO $ 333,993 N/A $ 25,000 B-4 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-X Notional(1) Variable(2) $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-R $ 100 N/A $ 100 N/A ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-1 $14,800,000 6.00205,300 5.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class B-2 $ 3,200,000 6.00B-5 $205,200 5.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class B-3 $ 2,600,000 6.00B-6 $102,711 5.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-4 $ 1,200,000 6.00% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-5 $ 1,000,000 6.00% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-6 $ 1,199,907 6.00% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ------------------- ------------------- Class P $ 100 0%(3$100.00 N/A%(5) $ 100 N/A ============================ ========================= ================= =================== =====================

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the Trust Fund be treated for federal income tax purposes as comprising one real estate mortgage investment conduit (the "REMIC"). The REMIC will hold as assets all property of the Trust Fund and will be evidenced by the Certificates which will represent the "regular interests" in the REMIC and the Class A-R Certificate as the single "residual interest" in the REMIC. The latest possible maturity date of the REMIC regular interests created herein shall be the Latest Possible Maturity Date. The REMIC The following table sets forth characteristics of the Certificates, together with minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable, except that one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount: ============================ ========================= ================= ==================== ======================== --------------------------- Initial Class Pass-Through Minimum Integral Multiples in Class Designation Certificate Balance Rate Denomination in Excess of Minimum ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- -------------------- ------------------------ Class A-1 $198,666,000 6.00$ 285,218,000 5.75% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- -------------------- ------------------------ Class A-2 $20,000,000 8.50$ 15,000,000 5.75% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- -------------------- ------------------------ Class A-3 $100,000,000 5.50$ 35,000,000 5.75% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- -------------------- ------------------------ Class A-4 PO $ 3,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-5 $ 1,500,000 5.75% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-6 $ 1,500,000 6.25% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-7 $ 3,600,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-8 $ 2,400,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-9 $ 3,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-10 $ 2,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-11 $40,000,000 6.00447,394 0.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class PO $ 333,993 N/A $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- -------------------- ------------------------ Class A-X Notional(1(1) Variable(2(2) $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- -------------------- ------------------------ Class A-R $ 100 N/A $ 100 N/A ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- -------------------- ------------------------ Class B-1 $14,800,000 6.00$ 7,888,000 5.75% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- -------------------- ------------------------ Class B-2 $ 3,200,000 6.002,629,000 5.75% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- -------------------- ------------------------ Class B-3 $ 2,600,000 6.001,753,000 5.75% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- -------------------- ------------------------ Class B-4 $ 1,200,000 6.00876,000 5.75% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- -------------------- ------------------------ Class B-5 $ 1,000,000 6.00877,000 5.75% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- -------------------- ------------------------ Class B-6 $ 1,199,907 6.00876,744 5.75% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- -------------------- ------------------------ Class P $ 100 0%(3) $ 100 N/A ============================ ========================= ================= ==================== ========================

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the Trust Fund (other than the Class A-2 Rounding Account, Prepayment Reserve Fund and Relief Act Reserve Fund) be treated for federal income tax purposes as comprising one a real estate mortgage investment conduit (the "REMIC"). The REMIC will hold as assets all property of the Trust Fund and will be evidenced by the Certificates which will represent the "regular interests" entire beneficial ownership interest in the REMIC and REMIC. The Classes of Certificates that are designated as the Regular Certificates will constitute Regular Interests in the REMIC. The Class A-R Certificate as Certificates will represent beneficial ownership of the single "residual interest" interest in the REMIC. The latest possible maturity date of the all REMIC regular interests Regular Interests created herein shall be the Latest Possible Maturity Date. The REMIC The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable, issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount: ): ====================================================================================================================== ========================= ================= ================== ===================== --------------------------- Initial Class Pass-Through Minimum Initial Class Rate Integral Multiples Class Designation Certificate Balance Rate (per annum) Minimum Denomination in Excess of Minimum ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------------------------------------------------------------------------------------------------- Class A-1 $198,666,000 6.00406,803,900.00 5.25% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- 25,000.00 $1,000.00 ---------------------------------------------------------------------------------------------------------------------- Class A-2 $20,000,000 8.5015,000,000.00 5.20% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- 1,000.00 $1,000.00 ---------------------------------------------------------------------------------------------------------------------- Class A-3 $100,000,000 5.5010,000,000.00 5.25% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- 25,000.00 $1,000.00 ---------------------------------------------------------------------------------------------------------------------- Class A-4 $ 3,000,000 6.00$42,500,000.00 5.25% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- 25,000.00 $1,000.00 ---------------------------------------------------------------------------------------------------------------------- Class A-5 $ 1,500,000 5.75$8,248,000.00 5.25% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-6 $ 1,500,000 6.25% $ 1,000 25,000.00 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-7 $ 3,600,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-8 $ 2,400,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-9 $ 3,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-10 $ 2,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-11 $40,000,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- 1,000.00 ---------------------------------------------------------------------------------------------------------------------- Class PO $ 333,993 N/A $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- 2,093,936.00 (1) $25,000.00 $1,000.00 ---------------------------------------------------------------------------------------------------------------------- Class A-X Notional(1Notional(2) Variable(2Variable(3) $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- 25,000.00(4) $1,000.00(4) ---------------------------------------------------------------------------------------------------------------------- Class A-R $ 100 100.00 5.25% $100.00 N/A $ 100 N/A ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------------------------------------------------------------------------------------------------- Class B-1 $14,800,000 6.0013,956,000.00 5.25% $ 25,000 $25,000.00 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------------------------------------------------------------------------------------------------- Class B-2 $ 3,200,000 6.00$3,299,000.00 5.25% $ 25,000 $25,000.00 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------------------------------------------------------------------------------------------------- Class B-3 $ 2,600,000 6.00$2,283,000.00 5.25% $ 25,000 $25,000.00 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------------------------------------------------------------------------------------------------- Class B-4 $ 1,200,000 6.00$1,015,000.00 5.25% $ 100,000 $100,000.00 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------------------------------------------------------------------------------------------------- Class B-5 $ 1,000,000 6.00$508,000.00 5.25% $ 100,000 $100,000.00 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------------------------------------------------------------------------------------------------- Class B-6 $ 1,199,907 6.00$1,776,706.00 5.25% $ 100,000 $100,000.00 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------------------------------------------------------------------------------------------------- Class P $ 100 0%(3100.00 0.00%(5) $ 100 $100.00 N/A ============================ =========================================================================================== ================= ================== =====================------------------------------------------

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the The Trust Fund be treated (exclusive of the Yield Maintenance Agreement and Yield Maintenance Reserve Fund) for federal income tax purposes as comprising one real estate mortgage investment conduit will consist of two REMICs (the "Lower Tier REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each REMIC created hereunder. The Master REMIC will hold as assets the Lower Tier Regular Interests. The Lower Tier REMIC will hold as assets all property of the Trust Fund (exclusive of the Yield Maintenance Agreement and will be evidenced by the Certificates which will represent the "regular interests" in the REMIC and Yield Maintenance Reserve Fund). For federal income tax purposes, each Certificate (other than the Class A-R Certificate Certificate) is hereby designated as the single "residual interest" a regular interest in the Master REMIC and each Lower Tier Regular Interest, as defined below, is designated as a regular interest in the Lower Tier REMIC. The latest possible maturity date of the all REMIC regular interests created herein in this Agreement shall be the Latest Possible Maturity Date. The Master REMIC The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable, issuable (except that one Residual Certificate representing the Tax Matters Person Certificate of each Class of Certificates may be issued in a different amount: ====): ======================== ========================= ================= ================== ===================== --------------------------- Integral Multiples in Initial Class Pass-Through Minimum Integral Multiples Excess of Class Designation Certificate Balance Rate Denomination in Excess of Minimum ---------------------------- ------------------------- ------------------------ -------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------- --------------- Class A-1 $198,666,000 6.0040,804,000.00 Variable(1) $ 25,000 $1,000 ------------------------ -------------------- ----------------- ---------------- --------------- Class A-2 Notional(2) Variable(3) $ 25,000(4) $1,000(4) ------------------------ -------------------- ----------------- ---------------- --------------- Class A-3 $8,279,000.00 5.500% $ 1,000 $1.00 ------------------------ -------------------- ----------------- ---------------- --------------- Class A-4 $11,817,000.00 5.500% $ 25,000 $1,000 ---------------------------- ------------------------- ------------------------ -------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------- --------------- Class A-2 A-5 $20,000,000 8.5010,100,000.00 5.500% $ 25,000 $1,000 ---------------------------- ------------------------- ------------------------ -------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------- --------------- Class A-3 A-6 $100,000,000 5.50236,444,299.00 5.000% $ 25,000 $1,000 ---------------------------- ------------------------- ------------------------ -------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------- --------------- Class A-4 A-7 $41,725,463.00 Variable(5) $ 3,000,000 6.00% $ 1,000 25,000 $1,000 ---------------------------- ------------------------- ------------------------ -------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-5 $ 1,500,000 5.75% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-6 $ 1,500,000 6.25% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-7 $ 3,600,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------- --------------- Class A-8 Notional(6) Variable(7) $ 2,400,000 6.00% $ 1,000 25,000(4) $1,000 ---------------------------- ------------------------- 1,000(4) ------------------------ -------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------- --------------- Class A-9 $ 3,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-10 $ 2,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-11 $40,000,000 6.0010,000,000.00 5.375% $ 25,000 $1,000 ---------------------------- ------------------------- ------------------------ -------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ---------------- --------------- Class A-10 $25,368,862.00 5.375% $ 25,000(4) $1,000(4) ------------------------ -------------------- ----------------- ------------------ --------------------- ---------------- --------------- Class PO $ 333,993 N/A A-11 $80,047,155.00 6.000% $ 25,000 $1,000 ---------------------------- ------------------------- ------------------------ -------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ---------------- --------------- Class A-12 $6,650,000.00 5.375% $ 25,000 $1,000 ------------------------ -------------------- ----------------- ------------------ --------------------- ---------------- --------------- Class A-X Notional(1) Variable(2A-13 $30,000,000.00 Variable(1) $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-R $ 100 N/A $ 100 N/A ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-1 $14,800,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-2 $ 3,200,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-3 $ 2,600,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-4 $ 1,200,000 6.00% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-5 $ 1,000,000 6.00% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-6 $ 1,199,907 6.00% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class P $ 100 0%(3) $ 100 N/A ============================ ========================= ================= ================ =============== ======================== ==================== ================= ================ =============== Integral Multiples in Initial Class Pass-Through Minimum Excess of Class Designation Certificate Balance Rate Denomination Minimum ------------------------ -------------------- ----------------- ---------------- --------------- Class PO $1,680,895.00 N/A(8) $ 25,000 $1,000 ------------------------ -------------------- ----------------- ---------------- --------------- Class A-X Notional(9) Variable(10) $ 25,000(4) $1,000(4) ------------------------ -------------------- ----------------- ---------------- --------------- Class A-R $100.00 5.500% $ 100 N/A ------------------------ -------------------- ----------------- ---------------- --------------- Class B-1 $10,006,000.00 5.500% $ 25,000 $1,000 ------------------------ -------------------- ----------------- ---------------- --------------- Class B-2 $4,740,000.00 5.500% $ 25,000 $1,000 ------------------------ -------------------- ----------------- ---------------- --------------- Class B-3 $2,896,000.00 5.500% $ 25,000 $1,000 ------------------------ -------------------- ----------------- ---------------- --------------- Class B-4 $2,633,000.00 5.500% $ 100,000 $1,000 ------------------------ -------------------- ----------------- ---------------- --------------- Class B-5 $2,106,000.00 5.500% $ 100,000 $1,000 ------------------------ -------------------- ----------------- ---------------- --------------- Class B-6 $1,316,650.71 5.500% $ 100,000 $1,000 ------------------------ -------------------- ----------------- ---------------- --------------- Class P $100.00 0.00%(11) $ 100 N/A ======================== ==================== ================= ================ ===============

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the The Trust Fund be treated (exclusive of any amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20) for federal income tax purposes as comprising will consist of one real estate mortgage investment conduit REMIC (the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in the Master REMIC. The Master REMIC will hold as assets all property of the Trust Fund and will be evidenced by the Certificates which will represent the "regular interests" in the REMIC and Fund. For federal income tax purposes, each Certificate (other than the Class A-R Certificate Certificate) is hereby designated as the single "residual interest" a regular interest in the Master REMIC. The latest possible maturity date of the all REMIC regular interests created herein in this Agreement shall be the Latest Possible Maturity Date. All amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 will be treated as paid directly by the Servicer to the Class P Certificates and not as paid by or through any REMIC created hereunder. The Master REMIC The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable, issuable (except that one Residual Certificate representing the Tax Matters Person Certificate of each Class of Certificates may be issued in a different amount: ): ============================= ========================== ================= ================== ==================== =================== --------------------------- Integral Initial Class Pass-Through Minimum Integral Multiples in Class Designation Certificate Balance Pass-Through Rate Denomination in Excess of Minimum ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ----------------------------- -------------------------- -------------------- -------------------- ------------------- Class A-1 $198,666,000 6.00377,768,000 6.25% $ [25,000 $1,000 ----------------------------- -------------------------- -------------------- -------------------- ------------------- Class A-X Notional (2) 6.50% $ 25,000(3) $1,000(3) ----------------------------- -------------------------- -------------------- -------------------- ------------------- Class A-R $100 6.25% $ 100 N/A ----------------------------- -------------------------- -------------------- -------------------- ------------------- Class PO $1,215,534 N/A(1) $ 25,000 $1,000 ----------------------------- -------------------------- -------------------- -------------------- ------------------- Class B-1 $8,645,000 6.25% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ----------------------------- -------------------------- -------------------- -------------------- ------------------- Class A-2 B-2 $20,000,000 8.504,825,000 6.25% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ----------------------------- -------------------------- -------------------- -------------------- ------------------- Class A-3 B-3 $100,000,000 5.502,815,000 6.25% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-4 $ 3,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-5 $ 1,500,000 5.75% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-6 $ 1,500,000 6.25% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-7 $ 3,600,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-8 $ 2,400,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-9 $ 3,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-10 $ 2,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-11 $40,000,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class PO $ 333,993 N/A $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-X Notional(1) Variable(2) $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-R $ 100 N/A $ 100 N/A ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-1 $14,800,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-2 $ 3,200,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-3 $ 2,600,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ----------------------------- -------------------------- -------------------- -------------------- ------------------- Class B-4 $ 1,200,000 6.00$3,016,000 6.25% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ----------------------------- -------------------------- -------------------- -------------------- ------------------- Class B-5 $ 1,000,000 6.00$2,211,000 6.25% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ----------------------------- -------------------------- -------------------- -------------------- ------------------- Class B-6 $ 1,199,907 6.00$1,609,180 6.25% $ 100,000 100,000] $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ----------------------------- -------------------------- -------------------- -------------------- ------------------- Class P $ $100 0%(3N/A(4) $ 100 N/A ============================= ========================== ================= ================== ==================== ===================

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreementherein contained, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreementherein, the Trustee will elect that the Trust Fund be treated for federal income tax purposes as comprising one real estate mortgage investment conduit (the "REMIC"). The REMIC will hold as assets all property of the Trust Fund (other than the Pre-Funding Accounts and the Capitalized Interest Account) and will be evidenced by the Certificates Certificates, each of which will represent the "regular interests" in the REMIC and (other than the Class A-R Certificate) will represent ownership of the REMIC. The Class A-R Certificate as will represent ownership of the single sole class of "REMIC residual interest" in the REMIC. The latest possible maturity date of the all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The REMIC The following table sets forth characteristics of the Certificates, together with minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable, except that one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount: ============================ ========================= ===================== ====================== ====================== --------------------------- Initial Initial Class Pass-Through Minimum Integral Multiples Class Designation Certificate Balance Rate Minimum Denomination in Excess of Minimum ---------------------------- ------------------------- ----------------- ------------------ ------------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------- ---------------------- Class I-A-1 $198,666,000 6.00% $ 25,000 97,000,000 Variable(1) $1,000 ---------------------------- 25,000.00 $1,000.00 ------------------------- ----------------- ------------------ ------------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------- ---------------------- Class I-A-2 $20,000,000 8.50% $ 25,000 2,999,900 Variable(1) $1,000 ---------------------------- 25,000.00 $1,000.00 ------------------------- ----------------- ------------------ ------------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------- ---------------------- Class A-3 II-A-1 $100,000,000 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-4 $ 3,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-5 $ 1,500,000 5.75% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-6 $ 1,500,000 6.25% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-7 $ 3,600,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-8 $ 2,400,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-9 $ 3,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-10 $ 2,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-11 $40,000,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class PO $ 333,993 N/A $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-X Notional(1) 227,950,000 Variable(2) $ 25,000 $1,000 ---------------------------- 25,000.00 $1,000.00 ------------------------- ----------------- ------------------ ------------------------ --------------------- ---------------------------- ---------------------- ---------------------- Class II-A-2 $7,050,000 Variable(2) $25,000.00 $1,000.00 ------------------------- ----------------- ------------------ ------------------------ --------------------- ---------------------- ---------------------- Class A-R $ 100 $100.00 N/A $ 100 $100.00 N/A ---------------------------- ------------------------- ----------------- ------------------ ------------------------ --------------------- ---------------------------- ---------------------- ---------------------- Class CB-1 $4,877,000 Variable(3) $25,000.00 $1,000.00 ------------------------- ----------------- ------------------ ------------------------ --------------------- ---------------------- ---------------------- Class B-1 CB-2 $14,800,000 6.00% $ 25,000 3,484,000 Variable(3) $1,000 ---------------------------- 25,000.00 $1,000.00 ------------------------- ----------------- ------------------ ------------------------ --------------------- ---------------------------- ---------------------- ---------------------- Class CB-3 $1,568,000 Variable(3) $25,000.00 $1,000.00 ------------------------- ----------------- ------------------ ------------------------ --------------------- ---------------------- ---------------------- Class B-2 $ 3,200,000 6.00% $ 25,000 CB-4 $1,000 ---------------------------- 871,000 Variable(3) $100,000.00 $1,000.00 ------------------------- ----------------- ------------------ ------------------------ --------------------- ---------------------------- ---------------------- ---------------------- Class CB-5 $871,000 Variable(3) $100,000.00 $1,000.00 ------------------------- ----------------- ------------------ ------------------------ --------------------- ---------------------- ---------------------- Class B-3 $ 2,600,000 6.00% $ 25,000 CB-6 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-4 $ 1,200,000 6.00% $ 100,000 1,742,937 Variable(3) $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-5 $ 1,000,000 6.00% $ 100,000 100,000.00 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-6 $ 1,199,907 6.00% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class P $ 100 0%(3) $ 100 N/A ===1,000.00 ========================= ========================= ================= ================== ====================== ======================

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the The Trust Fund be treated (exclusive of the Yield Maintenance Agreements and Yield Maintenance Reserve Funds) for federal income tax purposes as comprising one real estate mortgage investment conduit will consist of two REMICs (the "Lower Tier REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each REMIC created hereunder. The Master REMIC will hold as assets the Lower Tier Regular Interests. The Lower Tier REMIC will hold as assets all property of the Trust Fund (exclusive of the Yield Maintenance Agreements and will be evidenced by the Certificates which will represent the "regular interests" in the REMIC and Yield Maintenance Reserve Funds). For federal income tax purposes, each Certificate (other than the Class A-R Certificate Certificate) is hereby designated as the single "residual interest" a regular interest in the Master REMIC and each Lower Tier Regular Interest, as defined below, is designated as a regular interest in the Lower Tier REMIC. The latest possible maturity date of the all REMIC regular interests created herein in this Agreement shall be the Latest Possible Maturity Date. The Lower Tier REMIC The following table sets forth characteristics of the CertificatesLower Tier Regular Interests: ========================================================================================================== Class Principal Pass-Through Allocation of Allocation of Class Designation Balance Rate Interest Principal ---------------------------------------------------------------------------------------------------------- Class 1-1-A-1 (1) 5.50% Class 1-A-1, together with minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable, except that one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount: 1-A-2 Class 1-A-1 ---------------------------------------------------------------------------------------------------------- Class 1-1-A-3 (1) 5.50% Class 1-A-3,1- A-4 Class 1-A-3 ---------------------------------------------------------------------------------------------------------- Class 1-1-A-5 (1) 5.50% Class 1-A-5 Class 1-A-5 ---------------------------------------------------------------------------------------------------------- Class 1-1-A-6 (1) 5.50% Class 1-A-6 Class 1-A-6 ---------------------------------------------------------------------------------------------------------- Class 1-1-A-7 (1) 5.50% Class 1-A-7 Class 1-A-7 ---------------------------------------------------------------------------------------------------------- Class 1-1-A-8 (1) 5.50% Class 1-A-8 Class 1-A-8 ---------------------------------------------------------------------------------------------------------- Class 1-PO (1) 0.00% Class PO Class PO ---------------------------------------------------------------------------------------------------------- Class 1-1-A-X (1) Variable(2) Class A-X Class A-X ---------------------------------------------------------------------------------------------------------- Class 1-$100 (1) 5.50% Class A-R Class A-R ---------------------------------------------------------------------------------------------------------- Class 1-2-A-1 (1) 5.50% Class 2-A-1 Class 2-A-1 ---------------------------------------------------------------------------------------------------------- Class 1-2-A-2 (1) 5.50% Class 2-A-2 Class 2-A-2 ---------------------------------------------------------------------------------------------------------- Class 1-B-1 (1) 5.50% Class B-1 Class B-1 ---------------------------------------------------------------------------------------------------------- Class 1-B-2 (1) 5.50% Class B-2 Class B-2 ---------------------------------------------------------------------------------------------------------- Class 1-B-3 (1) 5.50% Class B-3 Class B-3 ---------------------------------------------------------------------------------------------------------- Class 1-B-4 (1) 5.50% Class B-4 Class B-4 ---------------------------------------------------------------------------------------------------------- Class 1-B-5 (1) 5.50% Class B-5 Class B-5 ---------------------------------------------------------------------------------------------------------- Class 1-B-6 (1) 5.50% Class B-6 Class B-6 ---------------------------------------------------------------------------------------------------------- Class 1-P (1) 0.00%(3) Class P Class P ========================================================================================================== ========================= ================= ================== ================================================================= --------------------------- Initial Class Principal Pass-Through Minimum Integral Multiples Allocation of Allocation of Class Designation Certificate Balance Rate Denomination in Excess of Minimum ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Interest Principal ---------------------------------------------------------------------------------------------------------- Class A-1 $198,666,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-2 $20,000,000 8.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-3 $100,000,000 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-4 $ 3,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-5 $ 1,500,000 5.75% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-6 $ 1,500,000 6.25% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-7 $ 3,600,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-8 $ 2,400,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-9 $ 3,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-10 $ 2,000,000 6.00% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-11 $40,000,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class PO $ 333,993 R-1(4) N/A $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-X Notional(1) Variable(2) $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class A-R $ 100 N/A $ 100 N/A ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-1 $14,800,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-2 $ 3,200,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-3 $ 2,600,000 6.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-4 $ 1,200,000 6.00% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-5 $ 1,000,000 6.00% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class B-6 $ 1,199,907 6.00% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------ --------------------- ---------------------------- ------------------------- ----------------- ------------------ --------------------- Class P $ 100 0%(3) $ 100 N/A ============================ ========================= ================= ================== =======================================================