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FORM T-1
Statement of Eligibility Under
The Trust Indenture Act of 1939 of a
Corporation Designated to Act as Trustee
Check if an Application to Determine Eligibility of
a Trustee Pursuant to Section 305(b)(2)
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U.S. BANK NATIONAL ASSOCIATION
(Exact name of Trustee as specified in its charter)
00-0000000
I.R.S. Employer Identification No.
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00 Xxxxxxxxxx Xxxxxx 00000
Xx. Xxxx, XX
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(Address of principal executive offices) (Zip Code)
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X. Xxxxxxxxxxxxxx U.S. Bank
National Association
00 Xxxxxxxxxx Xxxxxx
Xx. Xxxx, XX 00000
(000) 000-0000
(Name, address and telephone number of agent for service)
Xxxxx Whole Loan Home Equity Trust 2003-D
(Issuer with respect to the Securities)
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Delaware 00-0000000
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(State or other jurisdiction of incorporation or (I.R.S. Employer Identification No.)
organization)
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Eleven Xxxxxxx Xxxxxx 00000
Xxx Xxxx, XX
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(Address of Principal Executive Offices) (Zip Code)
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Home Equity Loan-Backed Notes
(Title of the Indenture Securities)
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FORM T-1
Item 1. GENERAL INFORMATION. Furnish the following information as to the Trustee.
a) Name and address of each examining or supervising
authority to which it is subject.
Comptroller of the
Currency Washington, D.C.
b) Whether it is authorized to exercise corporate trust
powers.
Yes
Item 2. AFFILIATIONS WITH OBLIGOR. If the obligor is an affiliate of the Trustee, describe each such
affiliation.
None
Items 3-15 Items 3-15 are not applicable because to the best of the
Trustee's knowledge, the obligor is not in default under any
Indenture for which the Trustee acts as Trustee.
Item 16. LIST OF EXHIBITS: List below all exhibits filed as a part of
this statement of eligibility and qualification.
1. A copy of the Articles of Association of the Trustee.*
2. A copy of the certificate of authority of the Trustee to
commence business.
3. A copy of the certificate of authority of the Trustee to
exercise corporate trust powers.
4. A copy of the existing bylaws of the Trustee.*
5. A copy of each Indenture referred to in Item 4. Not
applicable.
6. The consent of the Trustee required by Section 321(b) of the
Trust Indenture Act of 1939, attached as Exhibit 6.
7. Report of Condition of the Trustee as of September 30, 2003,
published pursuant to law or the requirements of its
supervising or examining authority, attached as Exhibit 7.
* Incorporated by reference to Registration Number 333-67188.
NOTE
The answers to this statement insofar as such answers relate to what
persons have been underwriters for any securities of the obligors within three
years prior to the date of filing this statement, or what persons are owners of
10% or more of the voting securities of the obligors, or affiliates, are based
upon information furnished to the Trustee by the obligors. While the Trustee has
no reason to doubt the accuracy of any such information, it cannot accept any
responsibility therefor.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, as
amended, the Trustee, U.S. BANK NATIONAL ASSOCIATION, a national banking
association organized and existing under the laws of the United States of
America, has duly caused this statement of eligibility and qualification to be
signed on its behalf by the undersigned, thereunto duly authorized, all in the
City of St. Xxxx, State of Minnesota on the 17th day of November, 2003.
U.S. BANK NATIONAL ASSOCIATION
By:
X. Xxxxxxxxxxxxxx
Vice President
By:
Xxxxxxx X. Xxxxxxxx
Vice President
Exhibit 6
CONSENT
In accordance with Section 321(b) of the Trust Indenture Act of 1939,
the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of
examination of the undersigned by Federal, State, Territorial or District
authorities may be furnished by such authorities to the Securities and Exchange
Commission upon its request therefor.
Dated: November 17, 2003
U.S. BANK NATIONAL ASSOCIATION
By:
X. Xxxxxxxxxxxxxx
Vice President
By:
Xxxxxxx X. Xxxxxxxx
Vice President
Exhibit 7
U.S. Bank National Association
Statement of Financial Condition
As of 9/30/2003
($000's)
9/30/2003
Assets
Cash and Due From Depository Institutions $9,363,408
Federal Reserve Stock 0
Securities 34,719,100
Federal Funds 2,322,794
Loans & Lease Financing Receivables 118,943,010
Fixed Assets 1,915,381
Intangible Assets 9,648,952
Other Assets 9,551,844
Total Assets $186,464,489
Liabilities
Deposits $122,910,311
Fed Funds 6,285,092
Treasury Demand Notes 3,226,368
Trading Liabilities 246,528
Other Borrowed Money 21,879,472
Acceptances 145,666
Subordinated Notes and Debentures 6,148,678
Other Liabilities 5,383,119
Total Liabilities $166,225,234
Equity
Minority Interest in Subsidiaries $1,003,166
Common and Preferred Stock 18,200
Surplus 11,676,398
Undivided Profits 7,541,491
Total Equity Capital $20,239,255
Total Liabilities and Equity Capital $186,464,489
To the best of the undersigned's determination, as of the date hereof, the above
financial information is true and correct.
U.S. Bank National Association
By:
Vice President
Date: November 17, 2003