Imh Assets Corp Impac Cmb Trust Series 2003-5 Sample Contracts

Imh Assets Corp Impac Cmb Trust Series 2003-5 – THE MORTGAGE POOL (May 15th, 2003)

THE MORTGAGE POOL GENERAL The mortgage pool will consist of conventional one- to four-family, adjustable-rate and fixed-rate, fully-amortizing and balloon payment mortgage loans secured by first and second liens on mortgaged properties. The mortgage loans will have original terms to maturity of not greater than 30 years. MORTGAGE RATE ADJUSTMENT The mortgage rate on substantially all of the adjustable-rate mortgage loans will generally adjust semi-annually commencing after an initial period after origination of generally six months, two years, three years or five years, in each case on each applicable adjustment date to a rate equal to the sum, generally rounded to the nearest one-eighth of one percentage point (12.5 basis points), of (i) the related index and (ii) the gross margin. In addition, the mortgage rate on each adjustable-rate mortgage loan is subject on its first adjustment date following its origination to an initial

Imh Assets Corp Impac Cmb Trust Series 2003-5 – INDENTURE (May 15th, 2003)

EXHIBIT 4.1 IMPAC CMB TRUST SERIES 2003-5 Issuer and DEUTSCHE BANK NATIONAL TRUST COMPANY Indenture Trustee -------------------------------------------------------------- INDENTURE Dated as of April 30, 2003 -------------------------------------------------------------- COLLATERALIZED ASSET-BACKED BONDS ---------------------- TABLE OF CONTENTS ----------------- Section Page -------