[EQUITY ONE LETTERHEAD]
March 11, 1998
The Chase Manhattan Bank AMBAC Indemnity Corp. Equity One ABS, Inc.
000 Xxxx 00xx Xxxxxx One State Street Plaza 103 Springer Bldg.
15th Floor 18th Floor 0000 Xxxxxxxxxx Xxxx
Xxx Xxxx, XX 00000 Xxx Xxxx, XX 00000 Xxxxxxxxxx, XX 00000
Attn: Xxxxx Xxxxxx, Attn: Xxxxxx Xxxx, VP
Account Officer
RE: Pooling and Servicing Agreement dated as of June 1, 1997
(the "Agreement") for Equity One ABS, Inc.
Mortgage Pass-Through Certificates, Series 1997-1
-------------------------------------------------
Ladies and Gentlemen:
Pursuant to the provisions of the Agreement, I, Xxxxxx Xxxxxxx, Vice
President of Equity One, Inc. (the "Servicer") do hereby certify as follows:
1. A review of the activities of the Servicer during the period from
June 1, 1997 through November 30, 1997 and of its performance under
the Agreement has been made under my supervision; and
2. To the best of my knowledge, based on such review, the Servicer has
fulfilled all of its obligations under the Agreement in all material
respects throughout such period.
IN WITNESS WHEREOF, I have hereunto set my hand this 11th day of
March 1998.
EQUITY ONE, INC.
/s/ Xxxxxx Xxxxxxx
----------------------------------
Xxxxxx Xxxxxxx
Vice President
JC/lv
cc: Xxxxxxxx Xxxxx Xxxxxxx & Xxxxx, LLP
0000 Xxx Xxxxxxxx Xxxxxx
Xxxxxxxxxxxx, XX 00000-0000
Attn: Xxxxx Xxxxxx, Esquire
-- YOUR LOAN SOURCE --
000 Xxxxxxxxxx Xxxx x Xxxxx 000 x Xx. Laurel, NJ 08054
000-000-0000 o Fax: 000-000-0000
