SUBSEQUENT TRANSFER INSTRUMENT NUMBER FOUR
Pursuant to this Subsequent Transfer Instrument (the "Instrument"), dated
August 7, 1997, between Superior Bank FSB, as seller (the "Depositor"), and
LaSalle National Bank, as Trustee of the AFC Mortgage Loan Asset Backed
Certificates, Series 1997-2, as purchaser (the "Trustee"), and pursuant to the
Pooling and Servicing Agreement, dated as of June 1, 1997, among Superior Bank
FSB, as Depositor, Xxx Xxxxxxxxx Company, a Division of Superior Bank FSB, as
Servicer, and LaSalle National Bank, as Trustee (the "Pooling and Servicing
Agreement"), the Depositor and the Trustee agree to the sale by the Depositor
and the purchase by the Trustee, on behalf of the Trust Fund, of the Mortgage
Loans listed on the attached Schedule of Mortgage Loans (the "Subsequent
Mortgage Loans").
Capitalized terms used and not defined herein have their respective
meanings as set forth in the Pooling and Servicing Agreement.
Section 1. CONVEYANCE OF SUBSEQUENT MORTGAGE LOANS.
(a) The Depositor does hereby sell, transfer, assign, set over and convey
to the Trustee, on behalf of the Trust Fund, without recourse, all of its right,
title and interest in and to the Subsequent Mortgage Loans, excepting the
Depositor's Yield, and including all amounts due on the Subsequent Mortgage
Loans after the related Subsequent Cut-Off Date, and all items with respect to
the Subsequent Mortgage Loans to be delivered pursuant to Section 2.04 of the
Pooling and Servicing Agreement; provided, however that the Depositor reserves
and retains all right, title and interest in and to amounts (including
Prepayments, Curtailments and Excess Payments) due on the Subsequent Mortgage
Loans on or prior to the related Subsequent Cut-off Date. The Depositor,
contemporaneously with the delivery of this Agreement, has delivered or caused
to be delivered to the Trustee or, if a Custodian has been appointed pursuant to
Section 12.12 of the Pooling and Servicing Agreement, to the Custodian each item
set forth in Section 2.04 of the Pooling and Servicing Agreement. The transfer
to the Trustee by the Depositor of the Subsequent Mortgage Loans identified on
the Mortgage Loan Schedule shall be absolute and is intended by the Depositor,
the Servicer, the Trustee and the Certificateholders to constitute and to be
treated as a sale by the Depositor to the Trust Fund.
(b) The expenses and costs relating to the delivery of the Subsequent
Mortgage Loans, this Instrument and the Pooling and Servicing Agreement shall be
borne by the Depositor.
(c) Additional terms of the sale are set forth on Attachment A hereto.
1
Section 2. REPRESENTATIONS AND WARRANTIES; CONDITIONS PRECEDENT.
(a) The Depositor hereby affirms the representations and warranties set
forth in Section 3.02 of the Pooling and Servicing Agreement that relate to the
Subsequent Mortgage Loans as of the date hereof. The Depositor hereby confirms
that each of the conditions set forth in Section 2.10(b), and as applicable,
Section 2.10(c) or Section 2.10(d), of the Pooling and Servicing Agreement are
satisfied as of the date hereof.
(b) All terms and conditions of the Pooling and Servicing Agreement are
hereby ratified and confirmed; provided, however, that in the event of any
conflict the provisions of this Instrument shall control over the conflicting
provisions of the Pooling and Servicing Agreement.
Section 3. RECORDATION OF INSTRUMENT.
To the extent permitted by applicable law, this Instrument, or a memorandum
thereof if permitted under applicable law, is subject to recordation in all
appropriate public offices for real property records in all of the counties or
other comparable jurisdictions in which any or all of the properties subject to
the Mortgages are situated, and in any other appropriate public recording office
or elsewhere, such recordation to be effected by the Servicer at the
Certificateholders' expense on direction of the Certificate Insurer or the
related Majority Certificateholders, but only when accompanied by an Opinion of
Counsel to the effect that such recordation materially and beneficially affects
the interests of the Certificateholders or is necessary for the administration
or servicing of the Mortgage Loans.
Section 4. GOVERNING LAW.
This Instrument shall be construed in accordance with the laws of the State
of New York and the obligations, rights and remedies of the parties hereunder
shall be determined in accordance with such laws, without giving effect to
principles of conflicts of law.
Section 5. COUNTERPARTS.
This Instrument may be executed in one or more counterparts and by the
different parties hereto on separate counterparts, each of which, when so
executed, shall be deemed to be an original; such counterparts, together, shall
constitute one and the same instrument.
2
Section 6. SUCCESSORS AND ASSIGNS.
This Instrument shall inure to the benefit of and be binding upon the
Depositor and the Trustee and their respective successors and assigns.
SUPERIOR BANK FSB
By: /s/ XXXXXXX X. XXXXXXX
-------------------------------
Name: Xxxxxxx X. Xxxxxxx
Title: Senior Vice President and
Chief Financial Officer
AFC MORTGAGE LOAN ASSET
BACKED CERTIFICATES, SERIES 1997-2
By: LASALLE NATIONAL BANK,
as Trustee
By: /s/ XXXX XXXXXXX
-------------------------------
Name: Xxxx Xxxxxxx
Title: Trust Officer
Attachments
-----------
A. Additional terms of the sale.
B. Schedule of Subsequent Mortgage Loans.
C. Opinions of Depositor's counsel (bankruptcy, corporate).
X. Xxxxxxxxx's Officer's certificate.
E. Opinion of Trustee's Counsel.
3
AFC MORTGAGE LOAN ASSET BACKED CERTIFICATES, SERIES 1997-2
ATTACHMENT A TO SUBSEQUENT TRANSFER INSTRUMENT
NUMBER FOUR FOR SUB-POOL 1
Series 1997-2
August 7, 1997
A.
1. Subsequent Cut-off Date: August 6, 1997
2. Pricing Date:
3. Subsequent Transfer Date: August 7, 1997
4. Aggregate Principal Balance of the Subsequent
Mortgage Loans as of the Subsequent Cut-off Date:
5. Purchase Price: 100.00%
B.
As to all the Subsequent Mortgage Loans the subject of this Instrument:
1. Shortest original term to maturity: 60 months
2. Longest original term to maturity: 360 months
3. Lowest Mortgage Rate: 8.850%
4. Greatest Combined Loan-to-Value Ratio: 90.00%
5. Largest Principal Balance $450,000.00
[As to the final transfer of Subsequent Mortgage Loans:]
6. Weighted Average Term since Origination: 1.89 months
7. July 1997 first payment date: -0-
8. WAC of all Mortgage Loans: 11.5355%
9. WAM of all Mortgage Loans: 215.71 months
10. Maximum Weighted average CLTV: 76.30%
11. Balloon Loans: 34.82%
12. Largest Principal Balance: $590,000.00
13. Non-owner occupied Mortgaged Properties: 7.89%
14. Maximum zip code concentration: 1.13%
15. Condominiums: 1.36%
16. Single-family: 81.34%
17. Multifamily and Mixed Use Properties: 4.73%
18. Manufactured Housing: 1.68%
-----
4
AFC MORTGAGE LOAN ASSET BACKED CERTIFICATES, SERIES 1997-2
ATTACHMENT A TO SUBSEQUENT TRANSFER INSTRUMENT
NUMBER FOUR SUB-POOL 2
Series 1997-2
August 7, 1997
A.
1. Subsequent Cut-off Date: August 6, 1997
2. Pricing Date:
3. Subsequent Transfer Date: August 7, 1997
4. Aggregate Principal Balance of the Subsequent
Mortgage Loans as of the Subsequent Cut-off Date:
5. Purchase Price: 100.00%
B.
As to all the Subsequent Mortgage Loans the subject of this Instrument:
1. Shortest original term to maturity: 360 months
2. Longest original term to maturity: 360 months
3. Lowest Mortgage Rate: 5.75%
4. Greatest Combined Loan-to-Value Ratio: 90.00%
5. Largest Principal Balance $114,653.18
[As to the final transfer of Subsequent Mortgage Loans:]
6. Weighted Average Term since Origination: 1.44 months
7. July 1997 first payment date: -0-
8. WAC of all Mortgage Loans: 5.7676%
9. WA Gross Margin: 10.1936%
10. WAM of all Mortgage Loans: 351.33 months
11. Maximum Weighted average CLTV: 78.94%
12. Largest Principal Balance: $844,447.25
13. Non-owner occupied Mortgaged Properties: 3.05%
14. Maximum zip code concentration: 1.02%
15. Condominiums: 2.45%
16. Single-family: 86.61%
17. Multifamily and Mixed Use Properties: 0.25%
-----
18. Manufactured Housing: 0.73%
-----
5
ADDITION NOTICE
Date: August 7, 1997
LaSalle National Bank
000 Xxxxx XxXxxxx Xxxxxx
Xxxxxxx, Xxxxxxxx 00000
Re: Pooling and Servicing Agreement, dated as of June 1, 1997,
between Superior Bank FSB, as seller (the "Depositor"), LaSalle
National Bank as trustee (the "Trustee") and Xxx Xxxxxxxxx
Company, a division of the Depositor, as servicer, relating to
AFC Mortgage Loan Asset Backed Certificates, Series 1997-2
Sub-Pool 1
-----------------------------------------------------------------
Ladies and Gentlemen:
Pursuant to Section 2.10 of the above-captioned Pooling and Servicing
Agreement, the Depositor has designated the Subsequent Mortgage Loans to be sold
to the Trust Fund on August 7, 1997, with an aggregate principal balance of
$5,900,000.00*. Capitalized terms not otherwise defined herein have the meaning
set forth in the Pooling and Servicing Agreement.
Please acknowledge your receipt of this notice by countersigning the
enclosed copy in the space indicated below and returning it to the attention of
the undersigned.
Very truly yours,
*Approximate
SUPERIOR BANK FSB
By: /s/ Xxxx X. Xxxxxxxxx
------------------------------
Name: Xxxx X. Xxxxxxxxx
Title: Vice President
ACKNOWLEDGED AND AGREED:
LASALLE NATIONAL BANK
By: /s/ XXXX XXXXXXX
-----------------------
Name: Xxxx Xxxxxxx
Title: Trust Officer
Date: August 7, 1997
6
ADDITION NOTICE
Date: August 7, 1997
LaSalle National Bank
000 Xxxxx XxXxxxx Xxxxxx
Xxxxxxx, Xxxxxxxx 00000
Re: Pooling and Servicing Agreement, dated as of June 1, 1997,
between Superior Bank FSB, as seller (the "Depositor"), LaSalle
National Bank as trustee (the "Trustee") and Xxx Xxxxxxxxx
Company, a division of the Depositor, as servicer, relating to
AFC Mortgage Loan Asset Backed Certificates, Series 1997-2
Sub-Pool 2
-----------------------------------------------------------------
Ladies and Gentlemen:
Pursuant to Section 2.10 of the above-captioned Pooling and Servicing
Agreement, the Depositor has designated the Subsequent Mortgage Loans to be sold
to the Trust Fund on August 7, 1997, with an aggregate principal balance of
$180,000.00*. Capitalized terms not otherwise defined herein have the meaning
set forth in the Pooling and Servicing Agreement.
Please acknowledge your receipt of this notice by countersigning the
enclosed copy in the space indicated below and returning it to the attention of
the undersigned.
Very truly yours,
*Approximate
SUPERIOR BANK FSB
By: /s/ XXXX X. XXXXXXXXX
------------------------------
Name: Xxxx X. Xxxxxxxxx
Title: Vice President
ACKNOWLEDGED AND AGREED:
LASALLE NATIONAL BANK
By: /s/ XXXX XXXXXXX
-----------------------
Name: Xxxx Xxxxxxx
Title: Trust Officer
Date: August 7, 1997
7
OFFICER'S CERTIFICATE
I, Xxxxxxx Xxxxxxx hereby certify that I am the duly elected Senior Vice
President and Chief Financial Officer of Superior Bank FSB, a federally
chartered stock savings bank (the "Depositor"), and further, to the best of my
knowledge and after due inquiry, as follows:
Each condition precedent specified in Section 2.10(b), Section 2.10(c)
and Section 2.10(d) for the Subsequent Mortgage Loans of the Pooling and
Servicing Agreement, dated as of June 1, 1997, among the Depositor, Xxx
Xxxxxxxxx Company, a division of Superior Bank FSB, and LaSalle National
Bank, as Trustee (the "Pooling and Servicing Agreement") and each condition
precedent specified in Subsequent Transfer Instrument has been satisfied by
the Depositor.
Capitalized terms not otherwise defined herein have the meanings set forth
in the Pooling and Servicing Agreement.
IN WITNESS WHEREOF, I have hereunto signed my name.
Dated: August 7, 1997 By: /s/ XXXXXXX X. XXXXXXX
-----------------------
Name: Xxxxxxx X. Xxxxxxx
Title: Senior Vice President and
Chief Financial Officer
8
Alliance Funding Company
A division of Superior Bank FSB
Sale Schedule
1997-2 Class 1 - 4th Subsequent Transfer of Fixed Rate Mortgages - Settlement 8/7/97
Originations Zip
Sale ID Account Name Address City State Code
------- ------------ ---- ------- ---- ----- ----
SB74 6148248 NOES XXXX C 0000 XXX XXXXXX XXXX XXXXX XX 00000
SB74 6151193 XXXXXXX XXXXXX K 000 XXXXXX XXXXXX XXXXXXXXXXX XX 00000
---------------------------
2 Sale Total
Principal Cut-off Date First Original Current Scheduled
Originations Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Sale ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
------- ------------ ----------- --------- --------- -------- ---- ---- -------- ------- -----------
SB74 6148248 45,000.00 45,000.00 08/01/97 07/01/12 178.82 09/01/97 78.7 11.250 437.07
SB74 6151193 51,000.00 51,000.00 07/23/97 06/23/12 178.55 07/23/97 69.8 10.050 449.45
---------------------- ------ ----------------------------
96,000.00 96,000.00 178.68 74.0 10.613 886.52
Alliance Funding Company
A division of Superior Bank FSB
Sale Schedule
1997-2 Class 1 - 4th Subsequent Transfer of Fixed Rate Mortgages - Settlement 8/7/97
Originations Zip
Sale ID Account Name Address City State Code
------- ------------ ---- ------- ---- ----- ----
SB75 6147429 XXXXX XXXXXX 000 XXXXXXX XXX. CORBIN KY 40701
SB75 6147432 XXXXXX XXXXX XXX 000 XXXXXXX XX XXXXXXXXXXX XX 00000
SB75 6147436 XXXXX XXXXXX A 00000 XXXXXX XXXX XXXXXX XX 00000
SB75 6147706 XXXXXX XXXXX 0000 XXXXXX XXXX XXXXXXXXXXX XX 00000
SB75 6147781 XXXXXX XXXX D 0000 XXXXXX XXXX XXXXXXXXXXX XX 00000
SB75 6148398 XXXXX XXXXXXX X 0000 XXXXXXXX XXX XXXX XXXXX XX 00000
SB75 6148492 XXXXXXX XXXXXX 8012 OKLAHOMA TRAIL FORT XXXXX IN 46815
SB75 6148670 XXXXXXX XXXXXXXX A 00000 XXXXXXX XXXXXX XXXXXXXXXX XX 00000
SB75 6148739 SPRINGS LAMARR 0000 XXXX XXXX XXXXXXX XX 00000
SB75 6148756 XXXXX XXXXXX E 000 XXXXX XX XXXXXXXXXXX XX 00000
SB75 6148895 XXXXX XXXXXX X 0000 XXXXXXX XXXXX XXXXXXXXX XX 00000
SB75 6148898 XXXXX XXXX 0000 XXXXXXXXX XXXXXX XX. LOUIS PARK MN 55416
SB75 6148902 XXXX XXXXXXXXXX 0000 XXXXXXXX XXXXXXXX XX 00000
SB75 6148909 XXXXXX XXXXXX L 0000 XXX XXXXX XXXXXX XXXXXXXXXXX XX 00000
SB75 6149098 MAY GENE A 0000 XXXXXX XX XXXXXX XX 00000
SB75 6149393 XXXXXXXX XXXX 6748 SOUTH XXXXX CHICAGO IL 60629
SB75 6149502 XXXXXX XXXXXX W 000 XXXX XXXXXXXXX XX XXXXXXX XX 00000
SB75 6149507 XXXX XXXXX X 0000 XXXXXXX XXXXXX XXXX XX 00000
SB75 6149611 XXXXX XXXXXX X 0000 XXXXXX XXXX XXXXXXX XX 00000
SB75 6149612 XXXXXXXX XXXXX R 000 XXXXXXXXX XXXXXX XXXXXXXXX XX 00000
SB75 6149614 XXXX XXXXXX 000 XXXXXX XXXX XXXXXXX XX 00000
SB75 6149728 XXXXXX XXXXXX 0000 XXXX XXXXX XX XXXXX XX 00000
SB75 6150124 HEIR XXXXXXX S 0000 XXXXX XXX XXXXX XX. LOUIS PARK MN 55426
SB75 6150127 XXXXXX XXXXXX 000 XXXX XXXXXX XXXXXXX XX 00000
SB75 6150223 XXXXX XXXXXX C 000 XXXXXXXX XXXXXX XXXXXXXXX XX 00000
SB75 6150227 XXXXXXXXX XXXXXXXX 0000 XXXXXXXX XXXXXX XXXXXX XX 00000
SB75 6150229 XXXXXX XXXXXXX A 000 XXXXXX XXXXXX XXXXXXXX XX 00000
SB75 6150230 XXXXXXX XXXXXXX J 0000 XXXXXXXX XXXXX XXXXXXXXXX XX 00000
SB75 6150366 XXXXXX XXXXXX X 0000 XXXXXXX XXXXXX XXXXXXXXX XX 00000
-----------------------------
29 Sale Total
Principal Cut-off Date First Original Current Scheduled
Originations Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Sale ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
------- ------------ ----------- --------- --------- -------- ---- ---- -------- ------- -----------
SB75 6147429 45,500.00 45,500.00 09/01/97 07/10/17 239.84 09/01/97 68.9 9.310 386.26
SB75 6147432 46,700.00 46,700.00 09/01/97 07/23/07 119.84 09/01/97 84.9 11.525 606.57
SB75 6147436 43,700.00 43,700.00 08/01/97 06/15/12 178.82 08/01/97 89.9 12.275 491.22
SB75 6147706 52,600.00 52,600.00 09/01/97 07/16/12 179.84 09/01/97 69.2 9.110 495.58
SB75 6147781 41,900.00 41,900.00 09/01/97 07/20/09 143.84 09/01/97 64.9 8.850 436.83
SB75 6148398 31,000.00 31,000.00 09/01/97 07/10/17 239.84 09/01/97 68.8 9.360 264.10
SB75 6148492 46,100.00 46,100.00 09/01/97 07/25/05 95.84 09/01/97 68.9 10.525 657.46
SB75 6148670 27,000.00 27,000.00 09/01/97 07/21/08 131.84 09/01/97 89.8 12.025 341.20
SB75 6148739 15,300.00 15,300.00 09/01/97 07/10/17 239.84 09/01/97 89.8 12.425 159.70
SB75 6148756 62,100.00 62,100.00 09/01/97 07/14/14 203.84 09/01/97 69.0 10.525 604.51
SB75 6148895 38,400.00 38,400.00 09/01/97 07/25/05 95.84 09/01/97 84.8 13.525 606.06
SB75 6148898 49,000.00 49,000.00 09/01/97 07/23/07 119.84 09/01/97 56.3 11.275 629.99
SB75 6148902 18,300.00 18,300.00 09/01/97 07/10/17 239.84 09/01/97 90.0 12.525 192.20
SB75 6148909 57,800.00 57,800.00 09/01/97 07/10/17 239.84 09/01/97 85.0 10.525 533.52
SB75 6149098 40,000.00 40,000.00 09/01/97 07/10/17 239.84 09/01/97 87.2 12.275 413.62
SB75 6149393 16,200.00 16,200.00 09/01/97 07/16/12 179.84 09/01/97 89.8 12.725 186.48
SB75 6149502 17,300.00 17,300.00 09/01/97 07/28/03 71.84 09/01/97 79.9 13.525 324.92
SB75 6149507 32,400.00 32,400.00 09/01/97 07/23/07 119.84 09/01/97 90.0 11.525 420.83
SB75 6149611 16,200.00 16,200.00 09/01/97 07/29/02 59.84 09/01/97 70.7 12.025 332.74
SB75 6149612 32,200.00 32,200.00 09/01/97 07/23/07 119.84 09/01/97 89.7 12.525 435.42
SB75 6149614 49,800.00 49,800.00 09/01/97 07/23/07 119.84 09/01/97 71.1 10.925 631.15
SB75 6149728 22,100.00 22,100.00 09/01/97 07/23/07 119.84 09/01/97 75.9 12.975 304.23
SB75 6150124 83,400.00 83,400.00 09/01/97 07/05/21 287.84 09/01/97 68.9 9.040 655.37
SB75 6150127 45,000.00 45,000.00 09/01/97 07/23/07 119.84 09/01/97 89.5 12.525 608.51
SB75 6150223 32,200.00 32,071.82 08/01/97 06/22/07 118.82 08/29/97 65.7 12.125 428.51
SB75 6150227 58,000.00 58,000.00 09/01/97 07/05/21 287.84 09/01/97 53.7 10.525 510.85
SB75 6150229 12,800.00 12,800.00 09/01/97 07/29/02 59.84 09/01/97 74.7 11.275 258.45
SB75 6150230 63,500.00 63,500.00 09/01/97 07/10/17 239.84 09/01/97 68.2 9.110 531.48
SB75 6150366 108,400.00 108,400.00 09/01/97 07/16/12 179.84 09/01/97 86.7 11.775 1,186.30
----------------------------- ------ ----------------------------
1,204,900.00 1,204,771.82 179.14 76.0 10.999 13,634.06
Alliance Funding Company
A division of Superior Bank FSB
Sale Schedule
1997-2 Class 1 - 4th Subsequent Transfer of Fixed Rate Mortgages - Settlement 8/7/97
Originations Zip
Sale ID Account Name Address City State Code
------- ------------ ---- ------- ---- ----- ----
SBC76 800156416 XXXXX XXXX XXXX ROUTE 1 COLLINS GA 30421
SBC76 800168080 XXX XXXXX C 2936 MOUNTAIN TRACE ROSWELL GA 30075
SBC76 800169286 XXXXX XXXXXXXX Y 147-06 15TH DRIVE WHITESTONE NY 11357
SBC76 800186546 XXXXXXX XXXXXX P 0000 XXXXXXX XXXXXX XXXXXXXX XX 00000
SBC76 800187015 XXXXXXX XXXXXX R 00 XXXX XXX XXXX XXXXX XX 00000
SBC76 800188104 XXXXXX XXXXXX B 0000 XXXXXXXXX XXX XXXXXXX XXXXX XX 00000
SBC76 800188872 HAGLUND XXXX X 00 XXXXX XX XXXXXXX XX 00000
SBC76 800192783 XXXXXXX XXXXXX R 00 XXXXXXXX XXXXX XX XXXXXXX XX 00000
SBC76 800203895 XXXXXX XXXXXX X. X. 0 & 00 XXXXX XXXXXX XXXXXXXXX XX 00000
SBC76 800205494 XXXXX XXXXXXX D 0000 XXX XXXX XXXX XXXXX XX 00000
SBC76 800210015 XXXXXXX XXXX 00 XXX XXX XXXX XX XXXXX XX 00000
XXX00 800212094 XXXX XXXXXX C RR 1 BOX 36 SCOTRUN PA 18355
SBC76 800212425 KATZ R XXXXX 000 XXXXXXXXXXXX XX XXXXXXX XX 00000
SBC76 800213738 XXXXXXXX XXXXXX C 00000 XXXXXXX XXXXX XXXX XXXXXXXXXX XX 00000
SBC76 800215634 XXXXXX XXXXX 000 XXXXXXX XXXXXX XXXXXXXX XX 00000
XXX00 800215675 XXXXXXX XXXXXXX 0000 X XXXXXXXXX XXXXXX XXXXXXXXXXXX XX 00000
SBC76 800215709 XXXX-A-XXXX XXXXXX 00 XXXX XXXXXX XXXXXX XXXXXXXX XX 00000
SBC76 800216343 XXXXXXX XXXXXXX 00 XXXX XXXXXX XXXXX XXXXXXXX XX 00000
XXX00 800217416 XXXXXX XXXXXXX R 0000 XXXXXX XXXXXX XXXXXXXX XX 00000
SBC76 800217952 XXXX XXXX R 000 XXXXX XXXX XXXXXXXXXXXX XX 00000
SBC76 800218828 XXXXXXX XXXXXXXX Y. 0000 XXXXX XXXXX XXXX XXXXXXXXX XX 00000
SBC76 800219313 XXXXXXX XXXXXXX 000 X XXXXXXXXX XXXXX XXXXXXXX XX 00000
XXX00 000000000 XXXXXXX XXXXXX S 0000 X XXXXXX XXXXXX XXXXXXXXXXXX XX 00000
SBC76 800220394 XXXXXX XXXXX X. 0 XXXXXX XXXX XXXXXX'X XXXX XX 00000
SBC76 800220550 XXXXXXXX XXXXXXX 0 XXXXXX XXXXXX XX XXXXXXXXX XXXXXXX XX 00000
SBC76 800220675 XXXXXXXXX XXXXX W 000 XXXXXXXXXXXX XXXXX XXXXXXXXX XX 00000
SBC76 800221426 XXXX XXXXXXX 000 XXXXXXXXX 00XX XXXXXXX XXXXXXXXXXX XX 00000
SBC76 800222531 XXXXXX XXXXXX E 0000 XXXXXXXXX XXXXX XXXXX XX 00000
SBC76 800223174 XXXXXX XXXX 0000 XXXXXXX XXXXXX XXXXXXXXXXXX XX 00000
SBC76 800223182 XXXXX XXXXX X 0000 XXXXXX XXXX XXXX XXXX XXXXXXXXXXX XX 00000
SBC76 800223869 XXXXXX XXXXX 10 ESTYBROOK TRAIL MONROE NY 10950
SBC76 800226532 XXXXXX XXXXX XXXXXX 914 XXXXXXXXXX DRIVE CHARLOTTE NC 28209
SBC76 800226540 XXXXX XXXXX L 18521 NORTHWEST 14TH STREE PEMBROKE PINES FL 33029
SBC76 800227472 XXXXXX XXXXXX X 0000 XXXXX XXXXXXX XXXXXX XXXXXXXX XX 00000
SBC76 800227894 XXXXXXXXX XXXX J 0 XXXXX XXXX XXXX XXXXXXX XX 00000
SBC76 800229809 XXXXX XXXXXX XXX 00000 XXXXXXXX XXXX XXXXXX XXXX XX 00000
SBC76 800229833 XXXXXXXX XXXXX E 0 XXXXX XXXXXX XXXXXXXXXX XX 00000
SBC76 800229916 XXXXXXX XXXXX B 0 XXXXXX XXXXX XXXXXXXX XX 00000
SBC76 800231623 XXXXXXXX XXXX 0000 XXXXXXXXX 00XX XXXXX XXXXXXXXX XX 98665
SBC76 800232373 XXXXXXXX XXXX M 0000 XXXXXXX XXXXX XXXX XXX XXXXXXXXXX XX 00000
SBC76 800232423 XXXXXX XXX 0000 XXXX XXXXX XXXXXX XX 00000
SBC76 800232456 XXXXX XXXXX XXXXX 0000 XXXXXXXX XXXX XXXXXXXXXX XX 00000
SBC76 800232555 XXXXXXXX XXXXXX J 000 XXXXXXXXX 00XX XXXXXXX XXXX XXXXX XX 00000
SBC76 000000000 XXXXXXX XXXXXXX X 00 XXXXX XXXXXX XXXXXX XX 00000
XXX00 800233934 XXXXX XXXXXX S 0000 XXXX XXXXXX XXXXXXX XX 00000
SBC76 800234098 XXXXXX XXXXXX 0000 00XX XXXXXX XXXXX XX XXXXXXXXXX XX 00000
SBC76 800235350 XXXXXX XXXXXX 00 XXXXXXXX XXXXXX XXXXXX XXXXX XX 00000
SBC76 800238214 XXXXXX XXXXX IRA 0000 XXXX XXXXX XXXXXXXXXX XX 00000
SBC76 800238966 XXXXXX XXXXXXXX S 000 XXXXXXXX XXXX XXXXXXXXXX XX 00000
SBC76 800239469 XXXXXXX XXXXXX D 0000 XXXXXXX XXXXXX XXXXXXX XX 00000
SBC76 800240137 XXXXX XXXXXX W 0000 XX 00XX XXXXXX XXXXXXXX XX 00000
SBC76 800240954 XXXXXX XXXXXXX X X 000 XXXXXX XXXXX XXXXXXX XXXXXXXXXX XX 00000
SBC76 800244790 XXXX XXX 000 XXXXXXXX XXXXXX XXXX XXXXXXXXX XX 00000
SBC76 800246449 XXXXXXXX XXXXXX X 00 XXXXXXXXX XXXX XXXXXXXXX XX 00000
SBC76 800249286 XXXXX XXXXX XXX 0000 X XXXX XXXX XXXXX XX 00000
SBC76 800249518 XXX XXXXX W 000 XXXXX XXXXXX XXX XX XXXXX XX 00000
SBC76 800250276 XXXXXXX XXXXXXX X. 0000 XXXXXXX XXXXXX XXXXXXXXXXX XX 00000
SBC76 800251837 XXXXXXXX XXXXXX H 0000 XXXXXX XXXXX XXXX XXXXXXXXX XX 00000
SBC76 800252199 XXX XXXXXX A 0000 XXXXXXX XX XXXXXXXX XXXX XX 00000
SBC76 800253999 XXXXX XXXXXX X. 000 XXXXXXXXXXXX XXXX XXXXXXXXX XX 00000
SBC76 800255739 EYE XXXXX XXXXXXX 0000 XXXXXXXXX 0XX XXXXXX XX XXXXXXXXXX XX 00000
SBC76 800256141 XXXXXXXX XXXXXXX W 000 XXXX XXXX XXXXX XXXXXX XX 00000
SBC76 800257172 XXXXXX XXXXX 0000 XXXXXXXX XXXXXX XXXXXXXXXXXX XX 00000
SBC76 800257826 XXXXXX XXXXXXX R 000 XXXXXX XXXX XXXXX XXXXXX XX 00000
SBC76 800263295 XXXXXXXX XXXXXXXXX C 0000 XXXXX XXXXXXXX XXXXXX XXXXX XX 00000
---------------------------------
65 Sale Total
Principal Cut-off Date First Original Current Scheduled
Originations Balance at Principal Payment Maturity Rem Date LTV Mortgag Payment
Sale ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
------- ------------ ----------- ------------ --------- -------- ---- ---- -------- ------- -----------
SBC76 800156416 34,950.00 34,796.47 07/16/97 06/16/12 178.32 08/16/97 49.9 9.150 357.61
SBC76 800168080 53,350.00 53,350.00 05/01/97 04/01/17 235.82 08/01/97 83.6 13.950 661.48
SBC76 800169286 160,650.00 160,650.00 07/12/97 06/12/12 178.19 07/12/97 90.0 11.550 1,597.03
SBC76 800186546 12,000.00 11,992.32 07/20/97 06/20/12 178.45 08/20/97 76.7 14.500 163.86
SBC76 800187015 23,050.00 22,932.31 06/13/97 05/13/12 177.21 08/13/97 85.1 13.550 300.03
SBC76 800188104 35,000.00 34,973.64 08/01/97 07/01/12 178.82 09/01/97 74.8 11.950 358.67
SBC76 800188872 86,450.00 86,450.00 07/04/97 06/04/12 177.93 08/04/97 79.9 11.750 872.63
SBC76 800192783 77,000.00 76,479.88 07/04/97 06/04/17 237.93 09/04/97 62.5 11.500 821.15
SBC76 800203895 138,125.00 138,125.00 08/01/97 07/01/12 178.82 08/01/97 76.7 10.300 1,242.88
SBC76 800205494 40,000.00 39,888.32 08/01/97 07/01/12 178.82 09/01/97 80.7 10.400 362.91
SBC76 800210015 450,000.00 450,000.00 07/16/97 06/16/12 178.32 07/16/97 75.0 11.600 4,490.67
SBC76 800212094 38,700.00 38,700.00 07/24/97 06/24/12 178.59 07/24/97 90.0 11.400 380.29
SBC76 800212425 202,925.00 202,925.00 07/06/97 06/06/12 177.99 08/06/97 85.0 11.990 2,085.75
SBC76 800213738 52,000.00 52,000.00 07/25/97 06/25/12 178.62 07/25/97 82.1 10.400 471.78
SBC76 800215634 95,400.00 95,400.00 07/25/97 06/25/12 178.62 08/25/97 90.0 11.300 930.21
SBC76 800215675 26,600.00 26,571.06 07/25/97 06/25/12 178.62 08/25/97 70.0 12.250 323.54
SBC76 800215709 25,000.00 24,953.72 07/27/97 06/27/12 178.68 08/27/97 89.9 11.800 296.83
SBC76 800216343 20,800.00 20,767.31 06/21/97 05/21/12 177.47 07/21/97 79.9 14.500 284.02
SBC76 800217416 26,000.00 25,971.00 07/27/97 06/27/12 178.68 08/27/97 79.0 14.250 313.22
SBC76 800217952 15,000.00 14,994.46 07/27/97 06/27/12 178.68 08/27/97 38.9 12.400 183.90
SBC76 800218828 60,000.00 60,000.00 08/01/97 07/01/12 178.82 08/01/97 80.0 9.650 631.98
SBC76 800219313 210,000.00 210,000.00 07/27/97 06/27/17 238.68 08/27/97 77.7 9.650 1,978.09
SBC76 800220170 32,000.00 32,000.00 07/11/97 06/11/17 238.16 08/11/97 80.0 13.750 392.13
SBC76 800220394 63,000.00 63,000.00 08/01/97 07/01/27 358.82 08/01/97 82.8 10.650 583.36
SBC76 800220550 21,200.00 21,144.17 07/24/97 06/24/12 178.59 08/24/97 89.9 11.550 210.75
SBC76 800220675 70,550.00 70,541.32 07/16/97 06/16/27 358.32 08/16/97 83.0 11.650 706.74
SBC76 800221426 52,500.00 52,500.00 07/25/97 06/25/27 358.62 08/25/97 75.0 10.750 490.08
SBC76 800222531 41,800.00 41,744.43 08/01/97 07/01/17 238.82 09/01/97 76.1 13.750 512.22
SBC76 800223174 28,000.00 28,000.00 07/03/97 06/03/27 357.90 08/03/97 70.0 11.250 271.95
SBC76 800223182 27,100.00 27,023.02 08/01/97 07/01/12 178.82 09/01/97 89.9 11.650 319.17
SBC76 800223869 19,000.00 19,000.00 08/01/97 07/01/12 178.82 08/01/97 85.7 11.990 227.91
SBC76 800226532 140,250.00 140,250.00 08/01/97 07/01/27 358.82 08/01/97 85.0 10.050 1,235.98
SBC76 800226540 43,000.00 43,000.00 07/25/97 06/25/12 178.62 07/25/97 84.7 12.750 467.28
SBC76 800227472 17,850.00 17,804.28 07/23/97 06/23/12 178.55 08/23/97 56.4 13.750 234.73
SBC76 800227894 99,500.00 99,400.00 07/16/97 06/16/17 238.32 08/16/97 84.9 13.950 1,233.69
SBC76 800229809 10,000.00 10,000.00 07/25/97 06/25/12 178.62 08/25/97 68.3 12.750 124.88
SBC76 800229833 15,000.00 15,000.00 07/01/97 06/01/12 177.83 08/01/97 75.0 11.350 173.80
SBC76 800229916 240,000.00 240,000.00 07/16/97 06/16/12 178.32 07/16/97 80.0 13.270 2,705.62
SBC76 800231623 28,600.00 28,600.00 07/23/97 06/23/12 178.55 07/23/97 52.8 9.900 305.59
SBC76 800232373 27,000.00 26,987.42 07/24/97 06/24/12 178.59 08/24/97 53.3 11.250 262.24
SBC76 800232423 98,000.00 98,000.00 08/01/97 07/01/12 178.82 08/01/97 84.6 10.150 1,062.12
SBC76 800232456 38,000.00 38,000.00 07/26/97 06/26/12 178.65 07/26/97 64.5 11.500 443.91
SBC76 800232555 27,050.00 27,050.00 07/25/97 06/25/12 178.62 07/25/97 79.9 13.250 304.52
SBC76 800233538 117,000.00 117,000.00 07/30/97 06/30/12 178.78 08/30/97 90.0 11.150 1,127.50
SBC76 800233934 81,000.00 81,000.00 08/01/97 07/01/17 238.82 08/01/97 90.0 10.850 827.82
SBC76 800234098 22,000.00 21,981.01 07/13/97 06/13/17 238.22 08/13/97 26.1 8.990 197.80
SBC76 800235350 73,000.00 73,000.00 07/24/97 06/24/27 358.59 08/24/97 85.8 11.300 711.79
SBC76 800238214 75,440.00 75,024.40 07/23/97 06/23/07 118.55 08/23/97 87.7 9.750 986.53
SBC76 800238966 65,150.00 64,809.18 07/25/97 06/25/12 178.62 08/25/97 67.1 9.400 676.39
SBC76 800239469 57,200.00 57,200.00 08/01/97 07/01/17 238.82 09/01/97 38.1 11.500 610.00
SBC76 800240137 18,700.00 18,700.00 08/01/97 07/01/17 238.82 08/01/97 89.9 11.400 198.14
SBC76 800240954 42,500.00 42,500.00 08/01/97 07/01/12 178.82 08/01/97 86.7 12.050 438.80
SBC76 800244790 50,000.00 50,000.00 07/25/97 06/25/12 178.62 07/25/97 66.6 9.550 422.25
SBC76 800246449 33,400.00 33,400.00 07/27/97 06/27/17 238.68 07/27/97 89.9 12.050 368.93
SBC76 800249286 44,000.00 44,000.00 08/01/97 07/01/17 238.82 08/01/97 67.2 10.050 426.07
SBC76 800249518 20,700.00 20,700.00 07/26/97 06/26/12 178.65 07/26/97 60.0 11.750 208.95
SBC76 800250276 40,800.00 40,800.00 08/01/97 07/01/27 358.82 09/01/97 85.0 12.150 424.39
SBC76 800251837 123,690.00 123,690.00 07/27/97 06/27/12 178.68 07/27/97 84.7 12.500 1,320.09
SBC76 800252199 331,500.00 331,500.00 08/01/97 07/01/12 178.82 08/01/97 85.4 11.750 3,346.19
SBC76 800253999 16,900.00 16,900.00 07/25/97 06/25/12 178.62 07/25/97 84.9 12.400 207.20
SBC76 800255739 34,000.00 34,000.00 07/25/97 06/25/12 178.62 07/25/97 79.0 10.500 375.84
SBC76 800256141 22,500.00 22,500.00 08/01/97 07/01/12 178.82 08/01/97 89.9 12.650 279.52
SBC76 800257172 13,400.00 13,327.24 08/01/97 07/01/07 118.82 09/01/97 84.7 12.250 194.19
SBC76 800257826 125,000.00 125,000.00 08/01/97 07/01/12 178.82 08/01/97 75.0 10.990 1,189.46
SBC76 800263295 55,250.00 55,208.78 08/01/97 07/01/27 358.82 09/01/97 85.0 12.250 578.96
----------------------------- ------ -------------------------
4,485,530.00 4,483,205.74 208.63 79.5 11.480 46,494.01
Alliance Funding Company
A division of Superior Bank FSB
Sale Schedule
1997-2 Class 1 - 4th Subsequent Transfer of Fixed Rate Mortgages - Settlement 8/7/97
Originations Zip
Sale ID Account Name Address City State Code
------- ------------ ---- ------- ---- ----- ----
SBCL21 6151329 XXXXXXXX XXXXX J 7943-45 SOUTH ESSEX CHICAGO IL 60649
--------------------------------------
1 Sale Total
97 Total with Superior
97 Grand Total
Principal Cut-off Date First Original Current Scheduled
Originations Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Sale ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
------- ------------ ----------- ------------ --------- -------- ---- ---- -------- ------- -----------
SBCL21 6151329 120,900.00 120,636.58 08/01/97 07/01/12 178.82 09/01/97 65.0 11.100 1,381.75
----------------------------- ------ -------------------------
120,900.00 120,636.58 178.82 65.0 11.100 1,381.75
5,907,330.00 5,904,614.14 201.52 78.4 11.360 62,396.34
5,907,330.00 5,904,614.14 201.52 78.4 11.360 62,396.34
Alliance Funding Company
A division of Superior Bank FSB
Sale Schedule A
1997-2 Class 2 - 4th Subsequent Transfer of Adjustable Rate Mortgages -- Settlement 8/7/97
Principal Cut-off Date
Origination Zip Balance at Principal
Sale ID Account Name Address City State Code Origination Balance
-------- ---------- ---- ------- ---- ----- ---- ----------- ------------
SB564 6149685 XXXXXXX XXXXXX 000 XXXXXXXX XXXXXXXXX XXXXX XX 00000 68,310.00 68,275.50
SB564 6150512 XXXXX XXXXXXXXX 000 XXXX 00XX XXXXX XXXXXXX XX 00000 114,700.00 114,653.18
2 Sale Total --------------------------
2 Total with Superior 183,010.00 182,928.68
2 Grand Total 183,010.00
183,010.00
Cut-off Date First Initial Minimum Maximum
Origination Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Sale ID Account Balance Date Date Rate Rate Rate Margin
------- ----------- ------------ ------- -------- -------- -------- -------- -----
SB564 6149685 68,275.50 08/01/97 07/01/27 9.375 9.375 15.375 5.750
SB564 6150512 114,653.18 08/01/97 07/01/27 10.375 10.375 16.375 6.500
2 182,928.68 ------------------------------------------
2 182,928.68 10.002 10.002 16.002 6.220
2 182,928.68 10.002 10.002 16.002 6.220
10.002 10.002 16.002 6.220
Alliance Funding Company
A division of Superior Bank FSB
Sale Schedule B
1997-2 Class 2 - 4th Subsequent Transfer of Adjustable Rate Mortgages - Settlement 8/7/97
Principal Type of Scheduled Cut-off Date Original Next Current
Origination Balance at Mortgaged Payment Principal LTV Adjustment Mortgage
Sale ID Account Name Origination Property Int & Prin Balance Ratio Date Rate
------- ----------- ---- ----------- --------- ---------- ------------ -------- ---------- --------
SB564 6149685 XXXXXXX XXXXXX 68,310.00 1 568.17 68,275.50 90.0 01/01/98 9.375
SB564 6150512 XXXXX XXXXXXXXX 114,700.00 1 1,038.50 114,653.18 84.3 01/01/98 10.375
------------------------------------------- ---------------------------------- ------
2 Sale Total 183,010.00 1,606.67 182,928.68 86.4 10.002
2 Total with Superior 183,010.00 1,606.67 182,928.68 86.4 10.002
2 Grand Total 183,010.00 1,606.67 182,928.68 86.4 10.002
Property
Origination Value at Owner
Sale ID Account Origination Occupied
------- ---------- ----------- --------
SB564 6149685 75,900.00 Y
SB564 6150512 136,000.00 Y
----------
2 211,900.00
2 211,900.00
2 211,900.00
