BEAR STEARNS ASSET BACKED SECURITIES I LLC Depositor, EMC MORTGAGE CORPORATION Seller and Master Servicer and LASALLE BANK NATIONAL ASSOCIATION Trustee POOLING AND SERVICING AGREEMENT Dated as of January 1, 2007 BEAR STEARNS ASSET BACKED SECURITIES I...
BEAR
XXXXXXX ASSET BACKED SECURITIES I LLC
Depositor,
EMC
MORTGAGE CORPORATION
Seller
and Master Servicer
and
LASALLE
BANK NATIONAL ASSOCIATION
Trustee
____________________
Dated
as
of January 1, 2007
________________________________________
BEAR
XXXXXXX ASSET BACKED SECURITIES I TRUST 2007-HE1
ASSET-BACKED
CERTIFICATES, SERIES 2007-HE1
TABLE
OF
CONTENTS
ARTICLE
I
DEFINITIONS
|
Section
1.01
|
Defined
Terms.
|
|
Section
1.02
|
Allocation
of Certain Interest Shortfalls.
|
ARTICLE
II
CONVEYANCE OF TRUST FUND
|
Section
2.01
|
Conveyance
of Trust Fund.
|
|
Section
2.02
|
Acceptance
of the Mortgage Loans.
|
|
Section
2.03
|
Representations,
Warranties and Covenants of the Master Servicer and the
Seller.
|
|
Section
2.04
|
Representations
and Warranties of the Depositor.
|
|
Section
2.05
|
Delivery
of Opinion of Counsel in Connection with Substitutions and
Repurchases.
|
|
Section
2.06
|
Countersignature
and Delivery of Certificates.
|
|
Section
2.07
|
Conveyance
of the Group II Subsequent Mortgage Loans.
|
|
Section
2.08
|
Purposes
and Powers of the Trust.
|
ARTICLE
III
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS
|
Section
3.01
|
The
Master Servicer to act as Master Servicer.
|
|
Section
3.02
|
Due-on-Sale
Clauses; Assumption Agreements.
|
|
Section
3.03
|
Subservicers.
|
|
Section
3.04
|
Documents,
Records and Funds in Possession of the Master Servicer To Be Held
for
Trustee.
|
|
Section
3.05
|
Maintenance
of Hazard Insurance.
|
|
Section
3.06
|
Presentment
of Claims and Collection of Proceeds.
|
|
Section
3.07
|
Maintenance
of the Primary Mortgage Insurance Policies.
|
|
Section
3.08
|
Fidelity
Bond, Errors and Omissions Insurance.
|
|
Section
3.09
|
Realization
Upon Defaulted Mortgage Loans; Determination of Excess Liquidation
Proceeds and Realized Losses; Repurchases of Certain Mortgage
Loans.
|
|
Section
3.10
|
Servicing
Compensation.
|
|
Section
3.11
|
REO
Property.
|
|
Section
3.12
|
Liquidation
Reports.
|
|
Section
3.13
|
Annual
Statement as to Compliance.
|
|
Section
3.14
|
Assessments
of Compliance and Attestation Reports.
|
|
Section
3.15
|
Books
and Records.
|
|
Section
3.16
|
Reports
Filed with Securities and Exchange Commission.
|
|
Section
3.17
|
Intention
of the Parties and Interpretation.
|
|
Section
3.18
|
UCC.
|
|
Section
3.19
|
Optional
Purchase of Certain Mortgage Loans.
|
|
Section
3.20
|
Obligations
of the Master Servicer in Respect of Mortgage Rates and Scheduled
Payments.
|
|
Section
3.21
|
Group
I Reserve Fund; Payments to and from Swap Administrator; Group I
Supplemental Interest Trust.
|
|
Section
3.22
|
Group
II Reserve Fund; Payments to and from Swap Administrator; Group II
Supplemental Interest Trust.
|
|
Section
3.23
|
Tax
Treatment of Class IO Distribution Amounts in the Event of
Resecuritization of Class A Certificates or Class M
Certificates.
|
|
Section
3.24
|
Advancing
Facility.
|
ARTICLE
IV
ACCOUNTS
|
Section
4.01
|
Collection
of Mortgage Loan Payments; Protected Account.
|
|
Section
4.02
|
Permitted
Withdrawals From the Protected Account.
|
|
Section
4.03
|
Collection
of Taxes; Assessments and Similar Items; Escrow Accounts.
|
|
Section
4.04
|
Distribution
Account.
|
|
Section
4.05
|
Permitted
Withdrawals and Transfers from the Distribution Account.
|
|
Section
4.06
|
Class
I-P Certificate Account.
|
|
Section
4.07
|
Class
II-P Certificate Account.
|
|
Section
4.08
|
Group
II Pre-Funding Account.
|
|
Section
4.09
|
Group
II Interest Coverage Account.
|
ARTICLE
V
DISTRIBUTIONS AND ADVANCES
|
Section
5.01
|
Advances.
|
|
Section
5.02
|
Compensating
Interest Payments.
|
|
Section
5.03
|
REMIC
Distributions.
|
|
Section
5.04
|
Distributions.
|
|
Section
5.05
|
Allocation
of Realized Losses.
|
|
Section
5.06
|
Monthly
Statements to Certificateholders.
|
|
Section
5.07
|
REMIC
Designations and REMIC Distributions.
|
ARTICLE
VI
THE
CERTIFICATES
|
Section
6.01
|
The
Certificates.
|
|
Section
6.02
|
Certificate
Register; Registration of Transfer and Exchange of
Certificates.
|
|
Section
6.03
|
Mutilated,
Destroyed, Lost or Stolen Certificates.
|
|
Section
6.04
|
Persons
Deemed Owners.
|
|
Section
6.05
|
Access
to List of Certificateholders’ Names and Addresses.
|
|
Section
6.06
|
Book-Entry
Certificates.
|
|
Section
6.07
|
Notices
to Depository.
|
|
Section
6.08
|
Definitive
Certificates.
|
|
Section
6.09
|
Maintenance
of Office or Agency.
|
ARTICLE
VII
THE
DEPOSITOR AND THE MASTER SERVICER
|
Section
7.01
|
Liabilities
of the Depositor and the Master Servicer.
|
|
Section
7.02
|
Merger
or Consolidation of the Depositor or the Master Servicer.
|
|
Section
7.03
|
Indemnification
of the Trustee and the Master Servicer.
|
|
Section
7.04
|
Limitations
on Liability of the Depositor, the Master Servicer and
Others.
|
|
Section
7.05
|
Master
Servicer Not to Resign.
|
|
Section
7.06
|
Successor
Master Servicer.
|
|
Section
7.07
|
Sale
and Assignment of Master Servicing.
|
ARTICLE
VIII
DEFAULT;
TERMINATION OF MASTER SERVICER
|
Section
8.01
|
Events
of Default.
|
|
Section
8.02
|
Trustee
to Act; Appointment of Successor.
|
|
Section
8.03
|
Notification
to Certificateholders.
|
|
Section
8.04
|
Waiver
of Defaults.
|
ARTICLE
IX
CONCERNING THE TRUSTEE
|
Section
9.01
|
Duties
of Trustee.
|
|
Section
9.02
|
Certain
Matters Affecting the Trustee.
|
|
Section
9.03
|
Trustee
Not Liable for Certificates or Mortgage Loans.
|
|
Section
9.04
|
Trustee
May Own Certificates.
|
|
Section
9.05
|
Trustee’s
Fees and Expenses.
|
|
Section
9.06
|
Eligibility
Requirements for Trustee.
|
|
Section
9.07
|
Insurance.
|
|
Section
9.08
|
Resignation
and Removal of Trustee.
|
|
Section
9.09
|
Successor
Trustee.
|
|
Section
9.10
|
Merger
or Consolidation of Trustee.
|
|
Section
9.11
|
Appointment
of Co-Trustee or Separate Trustee.
|
|
Section
9.12
|
Tax
Matters.
|
ARTICLE
X
TERMINATION
|
Section
10.01
|
Termination
upon Liquidation or Repurchase of all Mortgage Loans.
|
|
Section
10.02
|
Final
Distribution on the Certificates.
|
|
Section
10.03
|
Additional
Termination Requirements.
|
ARTICLE
XI
MISCELLANEOUS PROVISIONS
|
Section
11.01
|
Amendment.
|
|
Section
11.02
|
Recordation
of Agreement; Counterparts.
|
|
Section
11.03
|
Governing
Law.
|
|
Section
11.04
|
Intention
of Parties.
|
|
Section
11.05
|
Notices.
|
|
Section
11.06
|
Severability
of Provisions.
|
|
Section
11.07
|
Assignment.
|
|
Section
11.08
|
Limitation
on Rights of Certificateholders.
|
|
Section
11.09
|
Inspection
and Audit Rights.
|
|
Section
11.10
|
Certificates
Nonassessable and Fully Paid.
|
|
Section
11.11
|
Third
Party Rights.
|
Exhibits
|
Exhibit
A-1
|
Form
of Class A Certificates
|
|
Exhibit
A-2
|
Form
of Class M Certificates
|
|
Exhibit
A-3
|
Form
of Class P Certificates
|
|
Exhibit
A-4
|
Form
of Class CE Certificates
|
|
Exhibit
A-5
|
Form
of Class R Certificates
|
|
Exhibit
B
|
Mortgage
Loan Schedule
|
|
Exhibit
C
|
Form
of Transfer Affidavit
|
|
Exhibit
D
|
Form
of Transferor Certificate
|
|
Exhibit
E
|
Form
of Investment Letter (Non-Rule 144A)
|
|
Exhibit
F
|
Form
of Rule 144A and Related Matters Certificate
|
|
Exhibit
G
|
Form
of Request for Release
|
|
Exhibit
H
|
DTC
Letter of Representations
|
|
Exhibit
I
|
Schedule
of Mortgage Loans with Lost Notes
|
|
Exhibit
J
|
Form
of Custodial Agreement
|
|
Exhibit
K
|
Form
of Back-Up Certification
|
|
Exhibit
L
|
Form
of Mortgage Loan Purchase Agreement
|
|
Exhibit
M
|
Group
I Swap Agreement
|
|
Exhibit
N
|
Group
II Swap Agreement
|
|
Exhibit
O
|
[Reserved]
|
|
Exhibit
P
|
Servicing
Criteria to Be Addressed in Assessment of Compliance
|
|
Exhibit
Q
|
Form
10-D, Form 8-K and Form 10-K Reporting Responsibility
|
|
Exhibit
R
|
Additional
Disclosure Notification
|
|
Exhibit
S
|
Form
of Subsequent Mortgage Loan Purchase Agreement
|
|
Exhibit
T
|
Form
of Subsequent Transfer Instrument
|
POOLING
AND SERVICING AGREEMENT, dated as of January 1, 2007, among BEAR XXXXXXX ASSET
BACKED SECURITIES I LLC, a Delaware limited liability company, as depositor
(the
“Depositor”), EMC MORTGAGE CORPORATION, a Delaware corporation, as seller (in
such capacity, the “Seller”) and as master servicer (in such capacity, the
“Master Servicer”), and LASALLE BANK NATIONAL ASSOCIATION, a national banking
association, as trustee (the “Trustee”).
PRELIMINARY
STATEMENT
REMIC
I
The
Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee
in return for the Certificates. On or prior to the Closing Date, the Depositor
acquired the Initial Mortgage Loans from the Mortgage Loan Sellers. On the
Closing Date, the Depositor will sell the Initial Mortgage Loans and certain
other property to the Trust Fund and receive in consideration therefor
Certificates evidencing the entire beneficial ownership interest in the Trust
Fund. On or prior to any Subsequent Transfer Date, the Depositor will acquire
the Subsequent Mortgage Loans, which will be sold to the Trust on the related
Subsequent Transfer Date.
As
provided herein, the Trustee will elect to treat the segregated pool of assets
consisting of the Group I Mortgage Loans and certain other related assets
subject to this Agreement (other than the Group I Reserve Fund, any related
Prepayment Charge Waiver Amounts and, for the avoidance of doubt, the Group
I
Supplemental Interest Trust, the Group I Swap Agreement, the Group I Swap
Account, the Group I Swap Collateral Account and any rights or obligations
in
respect of the Swap Administration Agreement) as a REMIC (as defined herein)
for
federal income tax purposes, and such segregated pool of assets will be
designated as “REMIC I”. The Class I-R-1 Certificates will be the sole class of
Residual Interests (as defined herein) in REMIC I for purposes of the REMIC
Provisions (as defined herein). The following table irrevocably sets forth
the
designation, the Uncertificated REMIC I Pass-Through Rate, the initial
Uncertificated Principal Balance and, for purposes of satisfying Treasury
Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for
each of the REMIC I Regular Interests (as defined herein). None of the REMIC
I
Regular Interests will be certificated.
|
Designation
|
Uncertificated
REMIC I
Pass-Through
Rate
|
|
Initial
Uncertificated Principal Balance
|
Latest
Possible Maturity Date (1)
|
|
|
I-1-A
|
Variable(2)
|
$
|
481,675.16
|
February
25, 2037
|
|
|
I-1-B
|
Variable(2)
|
$
|
481,675.16
|
February
25, 2037
|
|
|
I-2-A
|
Variable(2)
|
$
|
646,996.55
|
February
25, 2037
|
|
|
I-2-B
|
Variable(2)
|
$
|
646,996.55
|
February
25, 2037
|
|
|
I-3-A
|
Variable(2)
|
$
|
812,387.36
|
February
25, 2037
|
|
|
I-3-B
|
Variable(2)
|
$
|
812,387.36
|
February
25, 2037
|
|
|
I-4-A
|
Variable(2)
|
$
|
976,964.61
|
February
25, 2037
|
|
|
I-4-B
|
Variable(2)
|
$
|
976,964.61
|
February
25, 2037
|
|
|
I-5-A
|
Variable(2)
|
$
|
1,139,275.86
|
February
25, 2037
|
|
|
I-5-B
|
Variable(2)
|
$
|
1,139,275.86
|
February
25, 2037
|
|
|
I-6-A
|
Variable(2)
|
$
|
1,297,304.60
|
February
25, 2037
|
|
|
I-6-B
|
Variable(2)
|
$
|
1,297,304.60
|
February
25, 2037
|
|
|
I-7-A
|
Variable(2)
|
$
|
1,449,901.84
|
February
25, 2037
|
|
|
I-7-B
|
Variable(2)
|
$
|
1,449,901.84
|
February
25, 2037
|
|
|
I-8-A
|
Variable(2)
|
$
|
1,595,681.03
|
February
25, 2037
|
|
|
I-8-B
|
Variable(2)
|
$
|
1,595,681.03
|
February
25, 2037
|
|
|
I-9-A
|
Variable(2)
|
$
|
1,731,768.08
|
February
25, 2037
|
|
|
I-9-B
|
Variable(2)
|
$
|
1,731,768.08
|
February
25, 2037
|
|
|
I-10-A
|
Variable(2)
|
$
|
1,855,723.59
|
February
25, 2037
|
|
|
I-10-B
|
Variable(2)
|
$
|
1,855,723.59
|
February
25, 2037
|
|
|
I-11-A
|
Variable(2)
|
$
|
1,898,520.69
|
February
25, 2037
|
|
|
I-11-B
|
Variable(2)
|
$
|
1,898,520.69
|
February
25, 2037
|
|
|
I-12-A
|
Variable(2)
|
$
|
1,812,759.73
|
February
25, 2037
|
|
|
I-12-B
|
Variable(2)
|
$
|
1,812,759.73
|
February
25, 2037
|
|
|
I-13-A
|
Variable(2)
|
$
|
1,730,335.82
|
February
25, 2037
|
|
|
I-13-B
|
Variable(2)
|
$
|
1,730,335.82
|
February
25, 2037
|
|
|
I-14-A
|
Variable(2)
|
$
|
1,651,697.97
|
February
25, 2037
|
|
|
I-14-B
|
Variable(2)
|
$
|
1,651,697.97
|
February
25, 2037
|
|
|
I-15-A
|
Variable(2)
|
$
|
1,576,671.04
|
February
25, 2037
|
|
|
I-15-B
|
Variable(2)
|
$
|
1,576,671.04
|
February
25, 2037
|
|
|
I-16-A
|
Variable(2)
|
$
|
1,505,088.06
|
February
25, 2037
|
|
|
I-16-B
|
Variable(2)
|
$
|
1,505,088.06
|
February
25, 2037
|
|
|
I-17-A
|
Variable(2)
|
$
|
1,436,789.75
|
February
25, 2037
|
|
|
I-17-B
|
Variable(2)
|
$
|
1,436,789.75
|
February
25, 2037
|
|
|
I-18-A
|
Variable(2)
|
$
|
1,371,605.33
|
February
25, 2037
|
|
|
I-18-B
|
Variable(2)
|
$
|
1,371,605.33
|
February
25, 2037
|
|
|
I-19-A
|
Variable(2)
|
$
|
1,309,429.69
|
February
25, 2037
|
|
|
I-19-B
|
Variable(2)
|
$
|
1,309,429.69
|
February
25, 2037
|
|
|
I-20-A
|
Variable(2)
|
$
|
1,250,103.94
|
February
25, 2037
|
|
|
I-20-B
|
Variable(2)
|
$
|
1,250,103.94
|
February
25, 2037
|
|
|
I-21-A
|
Variable(2)
|
$
|
1,193,496.46
|
February
25, 2037
|
|
|
I-21-B
|
Variable(2)
|
$
|
1,193,496.46
|
February
25, 2037
|
|
|
I-22-A
|
Variable(2)
|
$
|
1,139,461.88
|
February
25, 2037
|
|
|
I-22-B
|
Variable(2)
|
$
|
1,139,461.88
|
February
25, 2037
|
|
|
I-23-A
|
Variable(2)
|
$
|
1,087,127.08
|
February
25, 2037
|
|
|
I-23-B
|
Variable(2)
|
$
|
1,087,127.08
|
February
25, 2037
|
|
|
I-24-A
|
Variable(2)
|
$
|
1,036,331.46
|
February
25, 2037
|
|
|
I-24-B
|
Variable(2)
|
$
|
1,036,331.46
|
February
25, 2037
|
|
|
I-25-A
|
Variable(2)
|
$
|
989,617.12
|
February
25, 2037
|
|
|
I-25-B
|
Variable(2)
|
$
|
989,617.12
|
February
25, 2037
|
|
|
I-26-A
|
Variable(2)
|
$
|
945,034.37
|
February
25, 2037
|
|
|
I-26-B
|
Variable(2)
|
$
|
945,034.37
|
February
25, 2037
|
|
|
I-27-A
|
Variable(2)
|
$
|
902,485.11
|
February
25, 2037
|
|
|
I-27-B
|
Variable(2)
|
$
|
902,485.11
|
February
25, 2037
|
|
|
I-28-A
|
Variable(2)
|
$
|
861,875.77
|
February
25, 2037
|
|
|
I-28-B
|
Variable(2)
|
$
|
861,875.77
|
February
25, 2037
|
|
|
I-29-A
|
Variable(2)
|
$
|
823,114.70
|
February
25, 2037
|
|
|
I-29-B
|
Variable(2)
|
$
|
823,114.70
|
February
25, 2037
|
|
|
I-30-A
|
Variable(2)
|
$
|
786,114.58
|
February
25, 2037
|
|
|
I-30-B
|
Variable(2)
|
$
|
786,114.58
|
February
25, 2037
|
|
|
I-31-A
|
Variable(2)
|
$
|
750,806.76
|
February
25, 2037
|
|
|
I-31-B
|
Variable(2)
|
$
|
750,806.76
|
February
25, 2037
|
|
|
I-32-A
|
Variable(2)
|
$
|
717,105.87
|
February
25, 2037
|
|
|
I-32-B
|
Variable(2)
|
$
|
717,105.87
|
February
25, 2037
|
|
|
I-33-A
|
Variable(2)
|
$
|
684,934.88
|
February
25, 2037
|
|
|
I-33-B
|
Variable(2)
|
$
|
684,934.88
|
February
25, 2037
|
|
|
I-34-A
|
Variable(2)
|
$
|
654,228.99
|
February
25, 2037
|
|
|
I-34-B
|
Variable(2)
|
$
|
654,228.99
|
February
25, 2037
|
|
|
I-35-A
|
Variable(2)
|
$
|
624,900.57
|
February
25, 2037
|
|
|
I-35-B
|
Variable(2)
|
$
|
624,900.57
|
February
25, 2037
|
|
|
I-36-A
|
Variable(2)
|
$
|
596,921.14
|
February
25, 2037
|
|
|
I-36-B
|
Variable(2)
|
$
|
596,921.14
|
February
25, 2037
|
|
|
I-37-A
|
Variable(2)
|
$
|
570,215.72
|
February
25, 2037
|
|
|
I-37-B
|
Variable(2)
|
$
|
570,215.72
|
February
25, 2037
|
|
|
I-38-A
|
Variable(2)
|
$
|
544,722.25
|
February
25, 2037
|
|
|
I-38-B
|
Variable(2)
|
$
|
544,722.25
|
February
25, 2037
|
|
|
I-39-A
|
Variable(2)
|
$
|
520,385.20
|
February
25, 2037
|
|
|
I-39-B
|
Variable(2)
|
$
|
520,385.20
|
February
25, 2037
|
|
|
I-40-A
|
Variable(2)
|
$
|
497,151.53
|
February
25, 2037
|
|
|
I-40-B
|
Variable(2)
|
$
|
497,151.53
|
February
25, 2037
|
|
|
I-41-A
|
Variable(2)
|
$
|
474,970.10
|
February
25, 2037
|
|
|
I-41-B
|
Variable(2)
|
$
|
474,970.10
|
February
25, 2037
|
|
|
I-42-A
|
Variable(2)
|
$
|
453,793.94
|
February
25, 2037
|
|
|
I-42-B
|
Variable(2)
|
$
|
453,793.94
|
February
25, 2037
|
|
|
I-43-A
|
Variable(2)
|
$
|
433,576.39
|
February
25, 2037
|
|
|
I-43-B
|
Variable(2)
|
$
|
433,576.39
|
February
25, 2037
|
|
|
I-44-A
|
Variable(2)
|
$
|
414,273.58
|
February
25, 2037
|
|
|
I-44-B
|
Variable(2)
|
$
|
414,273.58
|
February
25, 2037
|
|
|
I-45-A
|
Variable(2)
|
$
|
395,843.65
|
February
25, 2037
|
|
|
I-45-B
|
Variable(2)
|
$
|
395,843.65
|
February
25, 2037
|
|
|
I-46-A
|
Variable(2)
|
$
|
378,246.69
|
February
25, 2037
|
|
|
I-46-B
|
Variable(2)
|
$
|
378,246.69
|
February
25, 2037
|
|
|
I-47-A
|
Variable(2)
|
$
|
361,444.60
|
February
25, 2037
|
|
|
I-47-B
|
Variable(2)
|
$
|
361,444.60
|
February
25, 2037
|
|
|
I-48-A
|
Variable(2)
|
$
|
6,142,368.95
|
February
25, 2037
|
|
|
I-48-B
|
Variable(2)
|
$
|
6,142,368.95
|
February
25, 2037
|
|
|
I-49-A
|
Variable(2)
|
$
|
57,018.95
|
February
25, 2037
|
|
|
I-49-B
|
Variable(2)
|
$
|
57,018.95
|
February
25, 2037
|
|
|
I-50-A
|
Variable(2)
|
$
|
55,237.38
|
February
25, 2037
|
|
|
I-50-B
|
Variable(2)
|
$
|
55,237.38
|
February
25, 2037
|
|
|
I-51-A
|
Variable(2)
|
$
|
53,511.26
|
February
25, 2037
|
|
|
I-51-B
|
Variable(2)
|
$
|
53,511.26
|
February
25, 2037
|
|
|
I-52-A
|
Variable(2)
|
$
|
51,838.85
|
February
25, 2037
|
|
|
I-52-B
|
Variable(2)
|
$
|
51,838.85
|
February
25, 2037
|
|
|
I-53-A
|
Variable(2)
|
$
|
50,218.49
|
February
25, 2037
|
|
|
I-53-B
|
Variable(2)
|
$
|
50,218.49
|
February
25, 2037
|
|
|
I-54-A
|
Variable(2)
|
$
|
48,648.58
|
February
25, 2037
|
|
|
I-54-B
|
Variable(2)
|
$
|
48,648.58
|
February
25, 2037
|
|
|
I-55-A
|
Variable(2)
|
$
|
47,127.53
|
February
25, 2037
|
|
|
I-55-B
|
Variable(2)
|
$
|
47,127.53
|
February
25, 2037
|
|
|
I-56-A
|
Variable(2)
|
$
|
45,653.85
|
February
25, 2037
|
|
|
I-56-B
|
Variable(2)
|
$
|
45,653.85
|
February
25, 2037
|
|
|
I-57-A
|
Variable(2)
|
$
|
44,226.04
|
February
25, 2037
|
|
|
I-57-B
|
Variable(2)
|
$
|
44,226.04
|
February
25, 2037
|
|
|
I-58-A
|
Variable(2)
|
$
|
42,864.30
|
February
25, 2037
|
|
|
I-58-B
|
Variable(2)
|
$
|
42,864.30
|
February
25, 2037
|
|
|
I-59-A
|
Variable(2)
|
$
|
41,522.84
|
February
25, 2037
|
|
|
I-59-B
|
Variable(2)
|
$
|
41,522.84
|
February
25, 2037
|
|
|
I-60-A
|
Variable(2)
|
$
|
1,276,920.51
|
February
25, 2037
|
|
|
I-60-B
|
Variable(2)
|
$
|
1,276,920.51
|
February
25, 2037
|
|
|
P
|
0.00%
|
$
|
100.00
|
February
25, 2037
|
|
___________________________
|
(1)
|
For
purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations,
the
Distribution Date in the month following the maturity date for the
Group I
Mortgage Loan with the latest maturity date has been designated as
the
“latest possible maturity date” for each REMIC I Regular
Interest.
|
(2)
Calculated
in accordance with the definition of “Uncertificated REMIC I Pass-Through Rate”
herein.
REMIC
II
As
provided herein, the Trustee will elect to treat the segregated pool of assets
consisting of the Group II Mortgage Loans and certain other related assets
subject to this Agreement (other than the Group II Reserve Fund, the Group
II
Pre-Funding Account, the Group II Interest Coverage Account, any related
Prepayment Charge Waiver Amounts and, for the avoidance of doubt, the Group
II
Supplemental Interest Trust, the Group II Swap Agreement, the Group II Swap
Account, the Group II Swap Collateral Account and any rights or obligations
in
respect of the Swap Administration Agreement) as a REMIC for federal income
tax
purposes, and such segregated pool of assets will be designated as “REMIC II”.
The Class II-R-1 Certificates will be the sole class of Residual Interests
in
REMIC II for purposes of the REMIC Provisions. The following table irrevocably
sets forth the designation, the Uncertificated REMIC II Pass-Through Rate,
the
initial Uncertificated Principal Balance and, for purposes of satisfying
Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity
date” for each of the REMIC II Regular Interests (as defined herein). None of
the REMIC II Regular Interests will be certificated.
|
Designation
|
Uncertificated
REMIC II
Pass-Through
Rate
|
Initial
Uncertificated Principal Balance
|
Latest
Possible Maturity Date (1)
|
|
|
I-1-A
|
Variable(2)
|
$
|
1,390,693.65
|
January
25, 2037
|
|
I-1-B
|
Variable(2)
|
$
|
1,390,693.65
|
January
25, 2037
|
|
I-2-A
|
Variable(2)
|
$
|
1,854,181.00
|
January
25, 2037
|
|
I-2-B
|
Variable(2)
|
$
|
1,854,181.00
|
January
25, 2037
|
|
I-3-A
|
Variable(2)
|
$
|
2,318,924.56
|
January
25, 2037
|
|
I-3-B
|
Variable(2)
|
$
|
2,318,924.56
|
January
25, 2037
|
|
I-4-A
|
Variable(2)
|
$
|
2,781,099.26
|
January
25, 2037
|
|
I-4-B
|
Variable(2)
|
$
|
2,781,099.26
|
January
25, 2037
|
|
I-5-A
|
Variable(2)
|
$
|
3,236,645.03
|
January
25, 2037
|
|
I-5-B
|
Variable(2)
|
$
|
3,236,645.03
|
January
25, 2037
|
|
I-6-A
|
Variable(2)
|
$
|
3,681,444.30
|
January
25, 2037
|
|
I-6-B
|
Variable(2)
|
$
|
3,681,444.30
|
January
25, 2037
|
|
I-7-A
|
Variable(2)
|
$
|
4,111,096.54
|
January
25, 2037
|
|
I-7-B
|
Variable(2)
|
$
|
4,111,096.54
|
January
25, 2037
|
|
I-8-A
|
Variable(2)
|
$
|
4,518,591.08
|
January
25, 2037
|
|
I-8-B
|
Variable(2)
|
$
|
4,518,591.08
|
January
25, 2037
|
|
I-9-A
|
Variable(2)
|
$
|
4,896,807.85
|
January
25, 2037
|
|
I-9-B
|
Variable(2)
|
$
|
4,896,807.85
|
January
25, 2037
|
|
I-10-A
|
Variable(2)
|
$
|
5,242,417.77
|
January
25, 2037
|
|
I-10-B
|
Variable(2)
|
$
|
5,242,417.77
|
January
25, 2037
|
|
I-11-A
|
Variable(2)
|
$
|
5,359,377.93
|
January
25, 2037
|
|
I-11-B
|
Variable(2)
|
$
|
5,359,377.93
|
January
25, 2037
|
|
I-12-A
|
Variable(2)
|
$
|
5,121,211.05
|
January
25, 2037
|
|
I-12-B
|
Variable(2)
|
$
|
5,121,211.05
|
January
25, 2037
|
|
I-13-A
|
Variable(2)
|
$
|
4,893,804.83
|
January
25, 2037
|
|
I-13-B
|
Variable(2)
|
$
|
4,893,804.83
|
January
25, 2037
|
|
I-14-A
|
Variable(2)
|
$
|
4,676,667.25
|
January
25, 2037
|
|
I-14-B
|
Variable(2)
|
$
|
4,676,667.25
|
January
25, 2037
|
|
I-15-A
|
Variable(2)
|
$
|
4,469,328.96
|
January
25, 2037
|
|
I-15-B
|
Variable(2)
|
$
|
4,469,328.96
|
January
25, 2037
|
|
I-16-A
|
Variable(2)
|
$
|
4,271,342.23
|
January
25, 2037
|
|
I-16-B
|
Variable(2)
|
$
|
4,271,342.23
|
January
25, 2037
|
|
I-17-A
|
Variable(2)
|
$
|
4,082,279.99
|
January
25, 2037
|
|
I-17-B
|
Variable(2)
|
$
|
4,082,279.99
|
January
25, 2037
|
|
I-18-A
|
Variable(2)
|
$
|
3,901,734.84
|
January
25, 2037
|
|
I-18-B
|
Variable(2)
|
$
|
3,901,734.84
|
January
25, 2037
|
|
I-19-A
|
Variable(2)
|
$
|
3,729,318.12
|
January
25, 2037
|
|
I-19-B
|
Variable(2)
|
$
|
3,729,318.12
|
January
25, 2037
|
|
I-20-A
|
Variable(2)
|
$
|
3,564,599.93
|
January
25, 2037
|
|
I-20-B
|
Variable(2)
|
$
|
3,564,599.93
|
January
25, 2037
|
|
I-21-A
|
Variable(2)
|
$
|
3,407,283.73
|
January
25, 2037
|
|
I-21-B
|
Variable(2)
|
$
|
3,407,283.73
|
January
25, 2037
|
|
I-22-A
|
Variable(2)
|
$
|
3,257,101.04
|
January
25, 2037
|
|
I-22-B
|
Variable(2)
|
$
|
3,257,101.04
|
January
25, 2037
|
|
I-23-A
|
Variable(2)
|
$
|
3,110,198.21
|
January
25, 2037
|
|
I-23-B
|
Variable(2)
|
$
|
3,110,198.21
|
January
25, 2037
|
|
I-24-A
|
Variable(2)
|
$
|
2,970,746.97
|
January
25, 2037
|
|
I-24-B
|
Variable(2)
|
$
|
2,970,746.97
|
January
25, 2037
|
|
I-25-A
|
Variable(2)
|
$
|
2,840,432.29
|
January
25, 2037
|
|
I-25-B
|
Variable(2)
|
$
|
2,840,432.29
|
January
25, 2037
|
|
I-26-A
|
Variable(2)
|
$
|
2,715,943.78
|
January
25, 2037
|
|
I-26-B
|
Variable(2)
|
$
|
2,715,943.78
|
January
25, 2037
|
|
I-27-A
|
Variable(2)
|
$
|
2,597,021.49
|
January
25, 2037
|
|
I-27-B
|
Variable(2)
|
$
|
2,597,021.49
|
January
25, 2037
|
|
I-28-A
|
Variable(2)
|
$
|
2,483,410.24
|
January
25, 2037
|
|
I-28-B
|
Variable(2)
|
$
|
2,483,410.24
|
January
25, 2037
|
|
I-29-A
|
Variable(2)
|
$
|
2,374,827.91
|
January
25, 2037
|
|
I-29-B
|
Variable(2)
|
$
|
2,374,827.91
|
January
25, 2037
|
|
I-30-A
|
Variable(2)
|
$
|
2,270,786.67
|
January
25, 2037
|
|
I-30-B
|
Variable(2)
|
$
|
2,270,786.67
|
January
25, 2037
|
|
I-31-A
|
Variable(2)
|
$
|
2,171,742.24
|
January
25, 2037
|
|
I-31-B
|
Variable(2)
|
$
|
2,171,742.24
|
January
25, 2037
|
|
I-32-A
|
Variable(2)
|
$
|
2,077,109.44
|
January
25, 2037
|
|
I-32-B
|
Variable(2)
|
$
|
2,077,109.44
|
January
25, 2037
|
|
I-33-A
|
Variable(2)
|
$
|
1,986,669.08
|
January
25, 2037
|
|
I-33-B
|
Variable(2)
|
$
|
1,986,669.08
|
January
25, 2037
|
|
I-34-A
|
Variable(2)
|
$
|
1,900,261.67
|
January
25, 2037
|
|
I-34-B
|
Variable(2)
|
$
|
1,900,261.67
|
January
25, 2037
|
|
I-35-A
|
Variable(2)
|
$
|
1,817,381.09
|
January
25, 2037
|
|
I-35-B
|
Variable(2)
|
$
|
1,817,381.09
|
January
25, 2037
|
|
I-36-A
|
Variable(2)
|
$
|
1,738,474.92
|
January
25, 2037
|
|
I-36-B
|
Variable(2)
|
$
|
1,738,474.92
|
January
25, 2037
|
|
I-37-A
|
Variable(2)
|
$
|
1,663,110.42
|
January
25, 2037
|
|
I-37-B
|
Variable(2)
|
$
|
1,663,110.42
|
January
25, 2037
|
|
I-38-A
|
Variable(2)
|
$
|
1,591,085.96
|
January
25, 2037
|
|
I-38-B
|
Variable(2)
|
$
|
1,591,085.96
|
January
25, 2037
|
|
I-39-A
|
Variable(2)
|
$
|
1,522,250.98
|
January
25, 2037
|
|
I-39-B
|
Variable(2)
|
$
|
1,522,250.98
|
January
25, 2037
|
|
I-40-A
|
Variable(2)
|
$
|
1,456,461.83
|
January
25, 2037
|
|
I-40-B
|
Variable(2)
|
$
|
1,456,461.83
|
January
25, 2037
|
|
I-41-A
|
Variable(2)
|
$
|
1,393,522.94
|
January
25, 2037
|
|
I-41-B
|
Variable(2)
|
$
|
1,393,522.94
|
January
25, 2037
|
|
I-42-A
|
Variable(2)
|
$
|
1,333,415.24
|
January
25, 2037
|
|
I-42-B
|
Variable(2)
|
$
|
1,333,415.24
|
January
25, 2037
|
|
I-43-A
|
Variable(2)
|
$
|
1,275,971.38
|
January
25, 2037
|
|
I-43-B
|
Variable(2)
|
$
|
1,275,971.38
|
January
25, 2037
|
|
I-44-A
|
Variable(2)
|
$
|
1,221,060.86
|
January
25, 2037
|
|
I-44-B
|
Variable(2)
|
$
|
1,221,060.86
|
January
25, 2037
|
|
I-45-A
|
Variable(2)
|
$
|
1,168,569.93
|
January
25, 2037
|
|
I-45-B
|
Variable(2)
|
$
|
1,168,569.93
|
January
25, 2037
|
|
I-46-A
|
Variable(2)
|
$
|
1,118,390.02
|
January
25, 2037
|
|
I-46-B
|
Variable(2)
|
$
|
1,118,390.02
|
January
25, 2037
|
|
I-47-A
|
Variable(2)
|
$
|
1,070,417.45
|
January
25, 2037
|
|
I-47-B
|
Variable(2)
|
$
|
1,070,417.45
|
January
25, 2037
|
|
I-48-A
|
Variable(2)
|
$
|
16,173,455.66
|
January
25, 2037
|
|
I-48-B
|
Variable(2)
|
$
|
16,173,455.66
|
January
25, 2037
|
|
I-49-A
|
Variable(2)
|
$
|
267,451.03
|
January
25, 2037
|
|
I-49-B
|
Variable(2)
|
$
|
267,451.03
|
January
25, 2037
|
|
I-50-A
|
Variable(2)
|
$
|
259,070.21
|
January
25, 2037
|
|
I-50-B
|
Variable(2)
|
$
|
259,070.21
|
January
25, 2037
|
|
I-51-A
|
Variable(2)
|
$
|
250,950.86
|
January
25, 2037
|
|
I-51-B
|
Variable(2)
|
$
|
250,950.86
|
January
25, 2037
|
|
I-52-A
|
Variable(2)
|
$
|
243,084.84
|
January
25, 2037
|
|
I-52-B
|
Variable(2)
|
$
|
243,084.84
|
January
25, 2037
|
|
I-53-A
|
Variable(2)
|
$
|
235,464.28
|
January
25, 2037
|
|
I-53-B
|
Variable(2)
|
$
|
235,464.28
|
January
25, 2037
|
|
I-54-A
|
Variable(2)
|
$
|
228,081.54
|
January
25, 2037
|
|
I-54-B
|
Variable(2)
|
$
|
228,081.54
|
January
25, 2037
|
|
I-55-A
|
Variable(2)
|
$
|
220,929.22
|
January
25, 2037
|
|
I-55-B
|
Variable(2)
|
$
|
220,929.22
|
January
25, 2037
|
|
I-56-A
|
Variable(2)
|
$
|
214,000.16
|
January
25, 2037
|
|
I-56-B
|
Variable(2)
|
$
|
214,000.16
|
January
25, 2037
|
|
I-57-A
|
Variable(2)
|
$
|
207,287.42
|
January
25, 2037
|
|
I-57-B
|
Variable(2)
|
$
|
207,287.42
|
January
25, 2037
|
|
I-58-A
|
Variable(2)
|
$
|
200,784.26
|
January
25, 2037
|
|
I-58-B
|
Variable(2)
|
$
|
200,784.26
|
January
25, 2037
|
|
I-59-A
|
Variable(2)
|
$
|
194,484.17
|
January
25, 2037
|
|
I-59-B
|
Variable(2)
|
$
|
194,484.17
|
January
25, 2037
|
|
I-60-A
|
Variable(2)
|
$
|
5,963,101.16
|
January
25, 2037
|
|
I-60-B
|
Variable(2)
|
$
|
5,963,101.16
|
January
25, 2037
|
|
II-1-A
|
Variable(2)
|
$
|
724,625.16
|
January
25, 2037
|
|
|
II-1-B
|
Variable(2)
|
$
|
724,625.16
|
January
25, 2037
|
|
|
II-2-A
|
Variable(2)
|
$
|
966,126.65
|
January
25, 2037
|
|
|
II-2-B
|
Variable(2)
|
$
|
966,126.65
|
January
25, 2037
|
|
|
II-3-A
|
Variable(2)
|
$
|
1,208,282.70
|
January
25, 2037
|
|
|
II-3-B
|
Variable(2)
|
$
|
1,208,282.70
|
January
25, 2037
|
|
|
II-4-A
|
Variable(2)
|
$
|
1,449,100.23
|
January
25, 2037
|
|
|
II-4-B
|
Variable(2)
|
$
|
1,449,100.23
|
January
25, 2037
|
|
|
II-5-A
|
Variable(2)
|
$
|
1,686,463.75
|
January
25, 2037
|
|
|
II-5-B
|
Variable(2)
|
$
|
1,686,463.75
|
January
25, 2037
|
|
|
II-6-A
|
Variable(2)
|
$
|
1,918,227.76
|
January
25, 2037
|
|
II-6-B
|
Variable(2)
|
$
|
1,918,227.76
|
January
25, 2037
|
|
II-7-A
|
Variable(2)
|
$
|
2,142,099.36
|
January
25, 2037
|
|
II-7-B
|
Variable(2)
|
$
|
2,142,099.36
|
January
25, 2037
|
|
II-8-A
|
Variable(2)
|
$
|
2,354,425.64
|
January
25, 2037
|
|
II-8-B
|
Variable(2)
|
$
|
2,354,425.64
|
January
25, 2037
|
|
II-9-A
|
Variable(2)
|
$
|
2,551,496.63
|
January
25, 2037
|
|
II-9-B
|
Variable(2)
|
$
|
2,551,496.63
|
January
25, 2037
|
|
II-10-A
|
Variable(2)
|
$
|
2,731,577.74
|
January
25, 2037
|
|
II-10-B
|
Variable(2)
|
$
|
2,731,577.74
|
January
25, 2037
|
|
II-11-A
|
Variable(2)
|
$
|
2,792,520.18
|
January
25, 2037
|
|
II-11-B
|
Variable(2)
|
$
|
2,792,520.18
|
January
25, 2037
|
|
II-12-A
|
Variable(2)
|
$
|
2,668,422.61
|
January
25, 2037
|
|
II-12-B
|
Variable(2)
|
$
|
2,668,422.61
|
January
25, 2037
|
|
II-13-A
|
Variable(2)
|
$
|
2,549,931.90
|
January
25, 2037
|
|
II-13-B
|
Variable(2)
|
$
|
2,549,931.90
|
January
25, 2037
|
|
II-14-A
|
Variable(2)
|
$
|
2,436,791.70
|
January
25, 2037
|
|
II-14-B
|
Variable(2)
|
$
|
2,436,791.70
|
January
25, 2037
|
|
II-15-A
|
Variable(2)
|
$
|
2,328,757.46
|
January
25, 2037
|
|
II-15-B
|
Variable(2)
|
$
|
2,328,757.46
|
January
25, 2037
|
|
II-16-A
|
Variable(2)
|
$
|
2,225,595.87
|
January
25, 2037
|
|
II-16-B
|
Variable(2)
|
$
|
2,225,595.87
|
January
25, 2037
|
|
II-17-A
|
Variable(2)
|
$
|
2,127,084.41
|
January
25, 2037
|
|
II-17-B
|
Variable(2)
|
$
|
2,127,084.41
|
January
25, 2037
|
|
II-18-A
|
Variable(2)
|
$
|
2,033,010.81
|
January
25, 2037
|
|
II-18-B
|
Variable(2)
|
$
|
2,033,010.81
|
January
25, 2037
|
|
II-19-A
|
Variable(2)
|
$
|
1,943,172.56
|
January
25, 2037
|
|
II-19-B
|
Variable(2)
|
$
|
1,943,172.56
|
January
25, 2037
|
|
II-20-A
|
Variable(2)
|
$
|
1,857,345.64
|
January
25, 2037
|
|
II-20-B
|
Variable(2)
|
$
|
1,857,345.64
|
January
25, 2037
|
|
II-21-A
|
Variable(2)
|
$
|
1,775,375.56
|
January
25, 2037
|
|
II-21-B
|
Variable(2)
|
$
|
1,775,375.56
|
January
25, 2037
|
|
II-22-A
|
Variable(2)
|
$
|
1,697,122.41
|
January
25, 2037
|
|
II-22-B
|
Variable(2)
|
$
|
1,697,122.41
|
January
25, 2037
|
|
II-23-A
|
Variable(2)
|
$
|
1,620,578.24
|
January
25, 2037
|
|
II-23-B
|
Variable(2)
|
$
|
1,620,578.24
|
January
25, 2037
|
|
II-24-A
|
Variable(2)
|
$
|
1,547,916.75
|
January
25, 2037
|
|
II-24-B
|
Variable(2)
|
$
|
1,547,916.75
|
January
25, 2037
|
|
II-25-A
|
Variable(2)
|
$
|
1,480,015.89
|
January
25, 2037
|
|
II-25-B
|
Variable(2)
|
$
|
1,480,015.89
|
January
25, 2037
|
|
II-26-A
|
Variable(2)
|
$
|
1,415,150.77
|
January
25, 2037
|
|
II-26-B
|
Variable(2)
|
$
|
1,415,150.77
|
January
25, 2037
|
|
II-27-A
|
Variable(2)
|
$
|
1,353,185.95
|
January
25, 2037
|
|
II-27-B
|
Variable(2)
|
$
|
1,353,185.95
|
January
25, 2037
|
|
II-28-A
|
Variable(2)
|
$
|
1,293,988.47
|
January
25, 2037
|
|
II-28-B
|
Variable(2)
|
$
|
1,293,988.47
|
January
25, 2037
|
|
II-29-A
|
Variable(2)
|
$
|
1,237,411.31
|
January
25, 2037
|
|
II-29-B
|
Variable(2)
|
$
|
1,237,411.31
|
January
25, 2037
|
|
II-30-A
|
Variable(2)
|
$
|
1,183,200.31
|
January
25, 2037
|
|
II-30-B
|
Variable(2)
|
$
|
1,183,200.31
|
January
25, 2037
|
|
II-31-A
|
Variable(2)
|
$
|
1,131,592.90
|
January
25, 2037
|
|
II-31-B
|
Variable(2)
|
$
|
1,131,592.90
|
January
25, 2037
|
|
II-32-A
|
Variable(2)
|
$
|
1,082,284.20
|
January
25, 2037
|
|
II-32-B
|
Variable(2)
|
$
|
1,082,284.20
|
January
25, 2037
|
|
II-33-A
|
Variable(2)
|
$
|
1,035,159.97
|
January
25, 2037
|
|
II-33-B
|
Variable(2)
|
$
|
1,035,159.97
|
January
25, 2037
|
|
II-34-A
|
Variable(2)
|
$
|
990,137.13
|
January
25, 2037
|
|
II-34-B
|
Variable(2)
|
$
|
990,137.13
|
January
25, 2037
|
|
II-35-A
|
Variable(2)
|
$
|
946,951.95
|
January
25, 2037
|
|
II-35-B
|
Variable(2)
|
$
|
946,951.95
|
January
25, 2037
|
|
II-36-A
|
Variable(2)
|
$
|
905,837.65
|
January
25, 2037
|
|
II-36-B
|
Variable(2)
|
$
|
905,837.65
|
January
25, 2037
|
|
II-37-A
|
Variable(2)
|
$
|
866,568.75
|
January
25, 2037
|
|
II-37-B
|
Variable(2)
|
$
|
866,568.75
|
January
25, 2037
|
|
II-38-A
|
Variable(2)
|
$
|
829,040.18
|
January
25, 2037
|
|
II-38-B
|
Variable(2)
|
$
|
829,040.18
|
January
25, 2037
|
|
II-39-A
|
Variable(2)
|
$
|
793,173.51
|
January
25, 2037
|
|
II-39-B
|
Variable(2)
|
$
|
793,173.51
|
January
25, 2037
|
|
II-40-A
|
Variable(2)
|
$
|
758,893.87
|
January
25, 2037
|
|
II-40-B
|
Variable(2)
|
$
|
758,893.87
|
January
25, 2037
|
|
II-41-A
|
Variable(2)
|
$
|
726,099.37
|
January
25, 2037
|
|
II-41-B
|
Variable(2)
|
$
|
726,099.37
|
January
25, 2037
|
|
II-42-A
|
Variable(2)
|
$
|
694,780.07
|
January
25, 2037
|
|
II-42-B
|
Variable(2)
|
$
|
694,780.07
|
January
25, 2037
|
|
II-43-A
|
Variable(2)
|
$
|
664,848.77
|
January
25, 2037
|
|
II-43-B
|
Variable(2)
|
$
|
664,848.77
|
January
25, 2037
|
|
II-44-A
|
Variable(2)
|
$
|
636,237.48
|
January
25, 2037
|
|
II-44-B
|
Variable(2)
|
$
|
636,237.48
|
January
25, 2037
|
|
II-45-A
|
Variable(2)
|
$
|
608,886.92
|
January
25, 2037
|
|
II-45-B
|
Variable(2)
|
$
|
608,886.92
|
January
25, 2037
|
|
II-46-A
|
Variable(2)
|
$
|
582,740.52
|
January
25, 2037
|
|
II-46-B
|
Variable(2)
|
$
|
582,740.52
|
January
25, 2037
|
|
II-47-A
|
Variable(2)
|
$
|
557,744.27
|
January
25, 2037
|
|
II-47-B
|
Variable(2)
|
$
|
557,744.27
|
January
25, 2037
|
|
II-48-A
|
Variable(2)
|
$
|
8,427,228.30
|
January
25, 2037
|
|
II-48-B
|
Variable(2)
|
$
|
8,427,228.30
|
January
25, 2037
|
|
II-49-A
|
Variable(2)
|
$
|
139,356.17
|
January
25, 2037
|
|
II-49-B
|
Variable(2)
|
$
|
139,356.17
|
January
25, 2037
|
|
II-50-A
|
Variable(2)
|
$
|
134,989.32
|
January
25, 2037
|
|
II-50-B
|
Variable(2)
|
$
|
134,989.32
|
January
25, 2037
|
|
II-51-A
|
Variable(2)
|
$
|
130,758.71
|
January
25, 2037
|
|
II-51-B
|
Variable(2)
|
$
|
130,758.71
|
January
25, 2037
|
|
II-52-A
|
Variable(2)
|
$
|
126,660.10
|
January
25, 2037
|
|
II-52-B
|
Variable(2)
|
$
|
126,660.10
|
January
25, 2037
|
|
II-53-A
|
Variable(2)
|
$
|
122,689.38
|
January
25, 2037
|
|
II-53-B
|
Variable(2)
|
$
|
122,689.38
|
January
25, 2037
|
|
II-54-A
|
Variable(2)
|
$
|
118,842.58
|
January
25, 2037
|
|
II-54-B
|
Variable(2)
|
$
|
118,842.58
|
January
25, 2037
|
|
II-55-A
|
Variable(2)
|
$
|
115,115.84
|
January
25, 2037
|
|
II-55-B
|
Variable(2)
|
$
|
115,115.84
|
January
25, 2037
|
|
II-56-A
|
Variable(2)
|
$
|
111,505.44
|
January
25, 2037
|
|
II-56-B
|
Variable(2)
|
$
|
111,505.44
|
January
25, 2037
|
|
II-57-A
|
Variable(2)
|
$
|
108,007.74
|
January
25, 2037
|
|
II-57-B
|
Variable(2)
|
$
|
108,007.74
|
January
25, 2037
|
|
II-58-A
|
Variable(2)
|
$
|
104,619.25
|
January
25, 2037
|
|
II-58-B
|
Variable(2)
|
$
|
104,619.25
|
January
25, 2037
|
|
II-59-A
|
Variable(2)
|
$
|
101,336.57
|
January
25, 2037
|
|
II-59-B
|
Variable(2)
|
$
|
101,336.57
|
January
25, 2037
|
|
II-60-A
|
Variable(2)
|
$
|
3,107,092.01
|
January
25, 2037
|
|
II-60-B
|
Variable(2)
|
$
|
3,107,092.01
|
January
25, 2037
|
|
III-1-A
|
Variable(2)
|
$
|
563,132.95
|
January
25, 2037
|
|
|
III-1-B
|
Variable(2)
|
$
|
563,132.95
|
January
25, 2037
|
|
|
III-2-A
|
Variable(2)
|
$
|
750,812.67
|
January
25, 2037
|
|
|
III-2-B
|
Variable(2)
|
$
|
750,812.67
|
January
25, 2037
|
|
|
III-3-A
|
Variable(2)
|
$
|
939,001.07
|
January
25, 2037
|
|
|
III-3-B
|
Variable(2)
|
$
|
939,001.07
|
January
25, 2037
|
|
|
III-4-A
|
Variable(2)
|
$
|
1,126,149.27
|
January
25, 2037
|
|
|
III-4-B
|
Variable(2)
|
$
|
1,126,149.27
|
January
25, 2037
|
|
|
III-5-A
|
Variable(2)
|
$
|
1,310,613.21
|
January
25, 2037
|
|
|
III-5-B
|
Variable(2)
|
$
|
1,310,613.21
|
January
25, 2037
|
|
|
III-6-A
|
Variable(2)
|
$
|
1,490,725.58
|
January
25, 2037
|
||
|
III-6-B
|
Variable(2)
|
$
|
1,490,725.58
|
January
25, 2037
|
||
|
III-7-A
|
Variable(2)
|
$
|
1,664,704.46
|
January
25, 2037
|
||
|
III-7-B
|
Variable(2)
|
$
|
1,664,704.46
|
January
25, 2037
|
||
|
III-8-A
|
Variable(2)
|
$
|
1,829,711.05
|
January
25, 2037
|
||
|
III-8-B
|
Variable(2)
|
$
|
1,829,711.05
|
January
25, 2037
|
||
|
III-9-A
|
Variable(2)
|
$
|
1,982,862.19
|
January
25, 2037
|
||
|
III-9-B
|
Variable(2)
|
$
|
1,982,862.19
|
January
25, 2037
|
||
|
III-10-A
|
Variable(2)
|
$
|
2,122,809.86
|
January
25, 2037
|
||
|
III-10-B
|
Variable(2)
|
$
|
2,122,809.86
|
January
25, 2037
|
||
|
III-11-A
|
Variable(2)
|
$
|
2,170,170.49
|
January
25, 2037
|
||
|
III-11-B
|
Variable(2)
|
$
|
2,170,170.49
|
January
25, 2037
|
||
|
III-12-A
|
Variable(2)
|
$
|
2,073,729.68
|
January
25, 2037
|
||
|
III-12-B
|
Variable(2)
|
$
|
2,073,729.68
|
January
25, 2037
|
||
|
III-13-A
|
Variable(2)
|
$
|
1,981,646.18
|
January
25, 2037
|
||
|
III-13-B
|
Variable(2)
|
$
|
1,981,646.18
|
January
25, 2037
|
||
|
III-14-A
|
Variable(2)
|
$
|
1,893,720.76
|
January
25, 2037
|
||
|
III-14-B
|
Variable(2)
|
$
|
1,893,720.76
|
January
25, 2037
|
||
|
III-15-A
|
Variable(2)
|
$
|
1,809,763.36
|
January
25, 2037
|
||
|
III-15-B
|
Variable(2)
|
$
|
1,809,763.36
|
January
25, 2037
|
||
|
III-16-A
|
Variable(2)
|
$
|
1,729,592.68
|
January
25, 2037
|
||
|
III-16-B
|
Variable(2)
|
$
|
1,729,592.68
|
January
25, 2037
|
||
|
III-17-A
|
Variable(2)
|
$
|
1,653,035.79
|
January
25, 2037
|
||
|
III-17-B
|
Variable(2)
|
$
|
1,653,035.79
|
January
25, 2037
|
||
|
III-18-A
|
Variable(2)
|
$
|
1,579,927.73
|
January
25, 2037
|
||
|
III-18-B
|
Variable(2)
|
$
|
1,579,927.73
|
January
25, 2037
|
||
|
III-19-A
|
Variable(2)
|
$
|
1,510,111.10
|
January
25, 2037
|
||
|
III-19-B
|
Variable(2)
|
$
|
1,510,111.10
|
January
25, 2037
|
||
|
III-20-A
|
Variable(2)
|
$
|
1,443,411.84
|
January
25, 2037
|
||
|
III-20-B
|
Variable(2)
|
$
|
1,443,411.84
|
January
25, 2037
|
||
|
III-21-A
|
Variable(2)
|
$
|
1,379,709.86
|
January
25, 2037
|
||
|
III-21-B
|
Variable(2)
|
$
|
1,379,709.86
|
January
25, 2037
|
||
|
III-22-A
|
Variable(2)
|
$
|
1,318,896.45
|
January
25, 2037
|
||
|
III-22-B
|
Variable(2)
|
$
|
1,318,896.45
|
January
25, 2037
|
||
|
III-23-A
|
Variable(2)
|
$
|
1,259,411.16
|
January
25, 2037
|
||
|
III-23-B
|
Variable(2)
|
$
|
1,259,411.16
|
January
25, 2037
|
||
|
III-24-A
|
Variable(2)
|
$
|
1,202,943.23
|
January
25, 2037
|
||
|
III-24-B
|
Variable(2)
|
$
|
1,202,943.23
|
January
25, 2037
|
||
|
III-25-A
|
Variable(2)
|
$
|
1,150,174.96
|
January
25, 2037
|
||
|
III-25-B
|
Variable(2)
|
$
|
1,150,174.96
|
January
25, 2037
|
||
|
III-26-A
|
Variable(2)
|
$
|
1,099,765.89
|
January
25, 2037
|
||
|
III-26-B
|
Variable(2)
|
$
|
1,099,765.89
|
January
25, 2037
|
||
|
III-27-A
|
Variable(2)
|
$
|
1,051,610.74
|
January
25, 2037
|
||
|
III-27-B
|
Variable(2)
|
$
|
1,051,610.74
|
January
25, 2037
|
||
|
III-28-A
|
Variable(2)
|
$
|
1,005,606.19
|
January
25, 2037
|
||
|
III-28-B
|
Variable(2)
|
$
|
1,005,606.19
|
January
25, 2037
|
||
|
III-29-A
|
Variable(2)
|
$
|
961,638.00
|
January
25, 2037
|
||
|
III-29-B
|
Variable(2)
|
$
|
961,638.00
|
January
25, 2037
|
||
|
III-30-A
|
Variable(2)
|
$
|
919,508.62
|
January
25, 2037
|
||
|
III-30-B
|
Variable(2)
|
$
|
919,508.62
|
January
25, 2037
|
||
|
III-31-A
|
Variable(2)
|
$
|
879,402.60
|
January
25, 2037
|
||
|
III-31-B
|
Variable(2)
|
$
|
879,402.60
|
January
25, 2037
|
||
|
III-32-A
|
Variable(2)
|
$
|
841,082.99
|
January
25, 2037
|
||
|
III-32-B
|
Variable(2)
|
$
|
841,082.99
|
January
25, 2037
|
||
|
III-33-A
|
Variable(2)
|
$
|
804,461.01
|
January
25, 2037
|
||
|
III-33-B
|
Variable(2)
|
$
|
804,461.01
|
January
25, 2037
|
||
|
III-34-A
|
Variable(2)
|
$
|
769,472.10
|
January
25, 2037
|
||
|
III-34-B
|
Variable(2)
|
$
|
769,472.10
|
January
25, 2037
|
||
|
III-35-A
|
Variable(2)
|
$
|
735,911.30
|
January
25, 2037
|
||
|
III-35-B
|
Variable(2)
|
$
|
735,911.30
|
January
25, 2037
|
||
|
III-36-A
|
Variable(2)
|
$
|
703,959.86
|
January
25, 2037
|
||
|
III-36-B
|
Variable(2)
|
$
|
703,959.86
|
January
25, 2037
|
||
|
III-37-A
|
Variable(2)
|
$
|
673,442.55
|
January
25, 2037
|
||
|
III-37-B
|
Variable(2)
|
$
|
673,442.55
|
January
25, 2037
|
||
|
III-38-A
|
Variable(2)
|
$
|
644,277.72
|
January
25, 2037
|
||
|
III-38-B
|
Variable(2)
|
$
|
644,277.72
|
January
25, 2037
|
||
|
III-39-A
|
Variable(2)
|
$
|
616,404.40
|
January
25, 2037
|
||
|
III-39-B
|
Variable(2)
|
$
|
616,404.40
|
January
25, 2037
|
||
|
III-40-A
|
Variable(2)
|
$
|
589,764.43
|
January
25, 2037
|
||
|
III-40-B
|
Variable(2)
|
$
|
589,764.43
|
January
25, 2037
|
||
|
III-41-A
|
Variable(2)
|
$
|
564,278.62
|
January
25, 2037
|
||
|
III-41-B
|
Variable(2)
|
$
|
564,278.62
|
January
25, 2037
|
||
|
III-42-A
|
Variable(2)
|
$
|
539,939.23
|
January
25, 2037
|
||
|
III-42-B
|
Variable(2)
|
$
|
539,939.23
|
January
25, 2037
|
||
|
III-43-A
|
Variable(2)
|
$
|
516,678.51
|
January
25, 2037
|
||
|
III-43-B
|
Variable(2)
|
$
|
516,678.51
|
January
25, 2037
|
||
|
III-44-A
|
Variable(2)
|
$
|
494,443.62
|
January
25, 2037
|
||
|
III-44-B
|
Variable(2)
|
$
|
494,443.62
|
January
25, 2037
|
||
|
III-45-A
|
Variable(2)
|
$
|
473,188.50
|
January
25, 2037
|
||
|
III-45-B
|
Variable(2)
|
$
|
473,188.50
|
January
25, 2037
|
||
|
III-46-A
|
Variable(2)
|
$
|
452,869.16
|
January
25, 2037
|
||
|
III-46-B
|
Variable(2)
|
$
|
452,869.16
|
January
25, 2037
|
||
|
III-47-A
|
Variable(2)
|
$
|
433,443.66
|
January
25, 2037
|
||
|
III-47-B
|
Variable(2)
|
$
|
433,443.66
|
January
25, 2037
|
||
|
III-48-A
|
Variable(2)
|
$
|
6,549,110.10
|
January
25, 2037
|
||
|
III-48-B
|
Variable(2)
|
$
|
6,549,110.10
|
January
25, 2037
|
||
|
III-49-A
|
Variable(2)
|
$
|
108,298.82
|
January
25, 2037
|
||
|
III-49-B
|
Variable(2)
|
$
|
108,298.82
|
January
25, 2037
|
||
|
III-50-A
|
Variable(2)
|
$
|
104,905.18
|
January
25, 2037
|
||
|
III-50-B
|
Variable(2)
|
$
|
104,905.18
|
January
25, 2037
|
||
|
III-51-A
|
Variable(2)
|
$
|
101,617.42
|
January
25, 2037
|
||
|
III-51-B
|
Variable(2)
|
$
|
101,617.42
|
January
25, 2037
|
||
|
III-52-A
|
Variable(2)
|
$
|
98,432.23
|
January
25, 2037
|
||
|
III-52-B
|
Variable(2)
|
$
|
98,432.23
|
January
25, 2037
|
||
|
III-53-A
|
Variable(2)
|
$
|
95,346.44
|
January
25, 2037
|
||
|
III-53-B
|
Variable(2)
|
$
|
95,346.44
|
January
25, 2037
|
||
|
III-54-A
|
Variable(2)
|
$
|
92,356.95
|
January
25, 2037
|
||
|
III-54-B
|
Variable(2)
|
$
|
92,356.95
|
January
25, 2037
|
||
|
III-55-A
|
Variable(2)
|
$
|
89,460.77
|
January
25, 2037
|
||
|
III-55-B
|
Variable(2)
|
$
|
89,460.77
|
January
25, 2037
|
||
|
III-56-A
|
Variable(2)
|
$
|
86,654.99
|
January
25, 2037
|
||
|
III-56-B
|
Variable(2)
|
$
|
86,654.99
|
January
25, 2037
|
||
|
III-57-A
|
Variable(2)
|
$
|
83,936.80
|
January
25, 2037
|
||
|
III-57-B
|
Variable(2)
|
$
|
83,936.80
|
January
25, 2037
|
||
|
III-58-A
|
Variable(2)
|
$
|
81,303.48
|
January
25, 2037
|
||
|
III-58-B
|
Variable(2)
|
$
|
81,303.48
|
January
25, 2037
|
||
|
III-59-A
|
Variable(2)
|
$
|
78,752.39
|
January
25, 2037
|
||
|
III-59-B
|
Variable(2)
|
$
|
78,752.39
|
January
25, 2037
|
||
|
III-60-A
|
Variable(2)
|
$
|
2,414,635.86
|
January
25, 2037
|
||
|
III-60-B
|
Variable(2)
|
$
|
2,414,635.86
|
January
25, 2037
|
||
|
P
|
0.00%
|
$
|
100.00
|
January
25, 2037
|
||
___________________________
|
(1)
|
For
purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations,
the
Distribution Date in the month following the maturity date for the
Group
II Mortgage Loan with the latest maturity date has been designated
as the
“latest possible maturity date” for each REMIC II Regular
Interest.
|
(2)
Calculated
in accordance with the definition of “Uncertificated REMIC II Pass-Through Rate”
herein.
REMIC
III
As
provided herein, the Trustee will elect to treat the segregated pool of assets
consisting of the REMIC I Regular Interests and the REMIC II Regular Interests
as a REMIC for federal income tax purposes, and such segregated pool of assets
will be designated as “REMIC III”. The Class I-R-2 Certificates will be the sole
class of Residual Interests in REMIC III for purposes of the REMIC Provisions.
The following table irrevocably sets forth the designation, the Uncertificated
REMIC III Pass-Through Rate, the initial Uncertificated Principal Balance and,
for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii),
the
“latest possible maturity date” for each of the REMIC III Regular Interests (as
defined herein). None of the REMIC III Regular Interests will be
certificated.
|
Designation
|
Uncertificated
REMIC III
Pass-Through
Rate
|
Initial
Uncertificated Principal Balance
|
Latest
Possible Maturity Date (1)
|
|
|
I-AA
|
Variable(2)
|
$
|
106,478,996.45
|
February
25, 2037
|
|
I-A-1
|
Variable(2)
|
$
|
487,720.00
|
February
25, 2037
|
|
I-A-2
|
Variable(2)
|
$
|
304,130.00
|
February
25, 2037
|
|
I-A-3
|
Variable(2)
|
$
|
57,810.00
|
February
25, 2037
|
|
I-M-1
|