**Exhibit 99.2**

 

**OFFICERS’ CERTIFICATE**

 

The undersigned herebycertify that (i) they are, respectively, the duly elected Vice Presidentand Controller, and Assistant Secretary of John Deere Capital Corporation, (ii) Exhibit Ahereto complies with the requirements of, and is being delivered pursuant to, Section 5.06(a) ofthe Sale and Servicing Agreement (the “Sale and Servicing Agreement”) dated asof May 15, 2005 between John Deere Owner Trust 2005, John DeereReceivables, Inc. and John Deere Capital Corporation, (iii) Exhibit Bhereto complies with the requirements of, and is being delivered pursuant to, Section 5.06(b) ofthe Sale and Servicing Agreement, and (iv) Exhibit C hereto complieswith the requirements of, and is being delivered pursuant to, Section 5.04(b) ofthe Sale and Servicing Agreement.

 

Dated at Moline, Illinois this 24th day of January,2006

 

 
|   | /s/ Charles G.  Dahl           |   |
|--------|--------------------------------|--------|
|   | Charles G. Dahl                |
|   | Vice President  and Controller |
|   |                           |
|   |                           |
|   | /s/ Robert E.  Larson          |   |
|   | Robert E. Larson               |
|   | Assistant  Secretary           |

 

11

----

 
| **Statement to Certificateholders**                                                          | **EXHIBIT A** |       |
|----------------------------------------------------------------------------------------------|--------------------|------------|
| **John Deere Owner Trust 2005**                                                              |               |       |
| **Fiscal Month October 2005**                                                           | ** **         |       |
| ** **                                                                                   | ** **         | ** ** |
| **John Deere  Owner Trust 2005**                                                             | ** **         | ** ** |
| **Statement  to Certificateholders**                                                         | ** **         | ** ** |
| ** **                                                                                   | ** **         | ** ** |
| $183,900,000   Class A-1 3.396% Asset Backed Notes  due June 15, 2006    | ** **         | ** ** |
| $169,000,000   Class A-2 3.79% Asset Backed Notes  due December 17, 2007 | ** **         | ** ** |
| $215,000,000   Class A-3 3.98% Asset Backed Notes  due June 15, 2009     | ** **         | ** ** |
| $172,600,000   Class A-4 4.16% Asset Backed Notes  due May 15, 2012      | ** **         | ** ** |
|     $11,275,240   Asset Backed Certificates                         | ** **         | ** ** |

 
| (1)  Amount of principal being paid or  distributed:            |   |                                  |   |
|----------------------------------------------------------------------|--------|---------------------------------------|--------|
|                                                                 |   |                                  |   |   |   |
|                                                                 | (a)    | A-1 Notes:                            |   | $ | 19,266,399.51 |   |
|                                                                 |   | per $1,000 original principal amount: |   | $ | 104.77 |   |
|                                                                 |   |                                  |   |   |   |
|                                                                 | (b)    | A-2 Notes:                            |   | $ | 0.00 |   |
|                                                                 |   | per $1,000 original principal amount: |   | $ | 0.00 |   |
|                                                                 |   |                                  |   |   |   |
|                                                                 | (c)    | A-3 Notes:                            |   | $ | 0.00 |   |
|                                                                 |   | per $1,000 original principal amount: |   | $ | 0.00 |   |
|                                                                 |   |                                  |   |   |   |
|                                                                 | (d)    | A-4 Notes:                            |   | $ | 0.00 |   |
|                                                                 |   | per $1,000 original principal amount: |   | $ | 0.00 |   |
|                                                                 |   |                                  |   |   |   |
|                                                                 | (e)    | Certificates:                         |   | $ | 0.00 |   |
|                                                                 |   | per $1,000 original principal amount: |   | $ | 0.00 |   |
|                                                                 |   |                                  |   |   |   |
|                                                                 | (f)    | Total:                                |   | $ | 19,266,399.51 |   |
|                                                                 |   |                                  |   |   |   |
| (2)  Amount of interest being paid or  distributed:             |   |                                  |   |
|                                                                 |   |                                  |   |   |   |
|                                                                 | (a)    | A-1 Notes:                            |   | $ | 277,728.89 |   |
|                                                                 |   | per $1,000 original principal amount: |   | $ | 1.51 |   |
|                                                                 |   |                                  |   |   |   |
|                                                                 | (b)    | A-2 Notes:                            |   | $ | 533,758.33 |   |
|                                                                 |   | per $1,000 original principal amount: |   | $ | 3.16 |   |
|                                                                 |   |                                  |   |   |   |
|                                                                 | (c)    | A-3 Notes:                            |   | $ | 713,083.33 |   |
|                                                                 |   | per $1,000 original principal amount: |   | $ | 3.32 |   |
|                                                                 |   |                                  |   |   |   |
|                                                                 | (d)    | A-4 Notes:                            |   | $ | 598,346.67 |   |
|                                                                 |   | per $1,000 original principal amount: |   | $ | 3.47 |   |
|                                                                 |   |                                  |   |   |   |
|                                                                 | (e)    | Certificates:                         |   | $ | 0.00 |   |
|                                                                 |   | per $1,000 original principal amount: |   | $ | 0.00 |   |
|                                                                 |   |                                  |   |   |   |
|                                                                 | (f)    | Total:                                |   | $ | 2,122,917.22 |   |
|                                                                 |   |                                  |   |   |   |   |
| (3) After giving effect to distributions on  this Payment Date: |   |                                  |   |

 

12

----

 

 
|                                                                                                  | (a)                                | (i)                                   | outstanding principal amount of A-1 Notes: |          | $         | 82,255,065.59  |   |
|-------------------------------------------------------------------------------------------------------|------------------------------------|---------------------------------------|--------------------------------------------|---------------|-----------|----------------|--------|
|                                                                                                  |                               | (ii)                                  | A-1 Note Pool Factor:                      |          | 0.4472815 |           |
|                                                                                                  |                               |                                  |                                       |          |      |           |
|                                                                                                  | (b)                                | (i)                                   | outstanding principal amount of A-2 Notes: |          | $         | 169,000,000.00 |   |
|                                                                                                  |                               | (ii)                                  | A-2 Note Pool Factor:                      |          | 1.0000000 |           |
|                                                                                                  |                               |                                  |                                       |          |      |           |
|                                                                                                  | (c)                                | (i)                                   | outstanding principal amount of A-3 Notes: |          | $         | 215,000,000.00 |   |
|                                                                                                  |                               | (ii)                                  | A-3 Note Pool Factor:                      |          | 1.0000000 |           |
|                                                                                                  |                               |                                  |                                       |          |      |           |
|                                                                                                  | (d)                                | (i)                                   | outstanding principal amount of A-4 Notes: |          | $         | 172,600,000.00 |   |
|                                                                                                  |                               | (ii)                                  | A-4 Note Pool Factor:                      |          | 1.0000000 |           |
|                                                                                                  |                               |                                  |                                       |          |      |           |
|                                                                                                  | (e)                                | (i)                                   | Certificate Balance                        |          | $         | 11,275,240.00  |   |
|                                                                                                  |                               | (ii)                                  | Certificate Pool Factor:                   |          | 1.0000000 |           |
|                                                                                                  |                               |                                  |                                       |          |      |           |
| (4) Note Value at end of related Collection  Period:                                             |                               | $                                     | 650,130,305.28                             |          |
|                                                                                                  |                               |                                  |                                       |
| (5) Pool Balance (excluding accrued interest)  at the end of the related Collection Period:      |                               | $                                     | 643,793,711.72                             |          |
|                                                                                                  |                               |                                  |                                       |
| (6) Pool Face Amount at the end of the related  Collection Period:                               |                               | $                                     | 731,448,137.42                             |          |
|                                                                                                  |                               |                                  |                                       |
| (7) Amount of Servicing Fee:                                                                     |                               | $                                     | 552,655.95                                 |          |
|                                                                                                  |                               | per $1,000 original principal amount: |                                       | $             | 0.74      |           |
|                                                                                                  | Amount of Servicing Fee earned:    |                                  | $                                          | 552,655.95    |      |
|                                                                                                  | Amount of Servicing Fee paid:      |                                  | $                                          | 552,655.95    |      |
|                                                                                                  | Amount of Servicing Fee shortfall: |                                  | $                                          | 0.00          |      |
|                                                                                                  |                               |                                  |                                       |          |      |
| (8) Amount of Administration Fee:                                                                |                               | $                                     | 100.00                                     |          |
|                                                                                                  |                               |                                  |                                       |          |      |
| (9) Aggregate Purchased Receivables for  Collection Period:                                      |                               | $                                     | 0.00                                       |          |
|                                                                                                  |                               |                                  |                                       |          |      |
| (10) Amount in Reserve Account:                                                                  |                               | $                                     | 13,156,067.00                              |          |
|                                                                                                  | Specified Reserve Account Balance: |                                  | $                                          | 13,156,067.00 |      |
|                                                                                                  |                               |                                  |                                       |          |      |
| (11) Scheduled Payments of Receivables 60 days or  more past due:                                     |                               | $                                     | 466,756.00                                 |          |
|                                                                                                  |                               |                                  |                                       |          |      |
| (12) Scheduled Payments of Receivables 60 days or more  past due as a % of Pool Balance:              |                               | 0.07                                  | %                                          |
|                                                                                                  |                               |                                  |                                       |          |      |
| (13) Rolling three month 60 days or more past due as  a % of Pool Balance (Average Delinquency Ratio) |                               | 0.07                                  | %                                          |
|                                                                                                  |                               |                                  |                                       |          |      |
| (14) Face Amount of Receivables 60 days or more past  due:                                            |                               | $                                     | 6,986,812.00                               |          |
|                                                                                                  |                               |                                  |                                       |          |      |
| (15) Face Amount of Receivables 60 days or more past  due as a % of the Pool Face Amount:             |                               | 0.96                                  | %                                          |
|                                                                                                  |                               |                                  |                                       |          |      |
| (16) Aggregate amount of net losses for the  collection period                                        |                               | $                                     | 26,130.55                                  |          |
|                                                                                                  |                               |                                  |                                       |          |      |
| (17) Aggregate amount of net losses since 26-May-05                                                   |                               | $                                     | 79,219.36                                  |          |
|                                                                                                  |                               |                                  |                                       |          |      |
| (18) Cumulative net loss as a percent of Initial  Pool Balance (Cumulative Net Loss Ratio)            |                               | 0.01                                  | %                                          |
|                                                                                                       |                                    |                                       |                                            |               |           |                |        |  |  |

 

13

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| **Statement  to Noteholders**                                                                | **EXHIBIT B** |       |
|----------------------------------------------------------------------------------------------|--------------------|------------|
| **John  Deere Owner Trust 2005**                                                             |               |       |
| **Fiscal  Month October 2005**                                                          | ** **         |       |
| ** **                                                                                   | ** **         | ** ** |
| **John  Deere Owner Trust 2005**                                                             | ** **         | ** ** |
| **Statement  to Noteholders**                                                                | ** **         | ** ** |
| ** **                                                                                   | ** **         | ** ** |
| $183,900,000   Class A-1  3.396% Asset Backed Notes due June 15, 2006    | ** **         | ** ** |
| $169,000,000   Class A-2  3.79% Asset Backed Notes due December 17, 2007 | ** **         | ** ** |
| $215,000,000   Class A-3  3.98% Asset Backed Notes due June 15, 2009     | ** **         | ** ** |
| $172,600,000   Class A-4  4.16% Asset Backed Notes due May 15, 2012      | ** **         | ** ** |
|     $11,275,240   Asset Backed Certificates                         | ** **         | ** ** |

 
| (1)  Amount of  principal being paid on the Notes:                  |   |                                  |                                       |
|--------------------------------------------------------------------------|--------|---------------------------------------|--------------------------------------------|
|                                                                     |   |                                  |                                       |   |   |   |
|                                                                     | (a)    | A-1 Notes:                            |                                       | $ | 19,266,399.51 |   |
|                                                                     |   | per $1,000 original principal amount: |                                       | $ | 104.77 |   |
|                                                                     |   |                                  |                                       |   |   |   |
|                                                                     | (b)    | A-2 Notes:                            |                                       | $ | 0.00 |   |
|                                                                     |   | per $1,000 original principal amount: |                                       | $ | 0.00 |   |
|                                                                     |   |                                  |                                       |   |   |   |
|                                                                     | (c)    | A-3 Notes:                            |                                       | $ | 0.00 |   |
|                                                                     |   | per $1,000 original principal amount: |                                       | $ | 0.00 |   |
|                                                                     |   |                                  |                                       |   |   |   |
|                                                                     | (d)    | A-4 Notes:                            |                                       | $ | 0.00 |   |
|                                                                     |   | per $1,000 original principal amount: |                                       | $ | 0.00 |   |
|                                                                     |   |                                  |                                       |   |   |   |
|                                                                     | (e)    | Total                                 |                                       | $ | 19,266,399.51 |   |
|                                                                     |   |                                  |                                       |   |   |   |
| (2) Interest on the Notes                                           |   |                                  |                                       |
|                                                                     |   |                                  |                                       |   |   |   |
|                                                                     | (a)    | A-1 Notes:                            |                                       | $ | 277,728.89 |   |
|                                                                     |   | per $1,000 original principal amount: |                                       | $ | 1.51 |   |
|                                                                     |   |                                  |                                       |   |   |   |
|                                                                     | (b)    | A-2 Notes:                            |                                       | $ | 533,758.33 |   |
|                                                                     |   | per $1,000 original principal amount: |                                       | $ | 3.16 |   |
|                                                                     |   |                                  |                                       |   |   |   |
|                                                                     | (c)    | A-3 Notes:                            |                                       | $ | 713,083.33 |   |
|                                                                     |   | per $1,000 original principal amount: |                                       | $ | 3.32 |   |
|                                                                     |   |                                  |                                       |   |   |   |
|                                                                     | (d)    | A-4 Notes:                            |                                       | $ | 598,346.67 |   |
|                                                                     |   | per $1,000 original principal amount: |                                       | $ | 3.47 |   |
|                                                                     |   |                                  |                                       |   |   |   |
|                                                                     | (e)    | Total                                 |                                       | $ | 2,122,917.22 |   |
|                                                                     |   |                                  |                                       |   |   |   |
| (3)  After giving effect to distributions on  current Payment Date: |   |                                  |                                       |
|                                                                     |   |                                  |                                       |   |   |   |
|                                                                     | (a)    | (i)                                   | outstanding principal amount of A-1 Notes: |   | $ | 82,255,065.59 |   |
|                                                                     |   | (ii)                                  | A-1 Note Pool Factor:                      |   | 0.4472815 |   |
|                                                                     |   |                                  |                                       |   |   |   |
|                                                                     | (b)    | (i)                                   | outstanding principal amount of A-2 Notes: |   | $ | 169,000,000.00 |   |
|                                                                     |   | (ii)                                  | A-2 Note Pool Factor:                      |   | 1.0000000 |   |

 

14

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|                                                                                                  | (c)                                | (i)                                   | outstanding principal amount of A-3 Notes: |          | $         | 215,000,000.00 |   |
|-------------------------------------------------------------------------------------------------------|------------------------------------|---------------------------------------|--------------------------------------------|---------------|-----------|----------------|--------|
|                                                                                                  |                               | (ii)                                  | A-3 Note Pool Factor:                      |          | 1.0000000 |           |
|                                                                                                  |                               |                                  |                                       |          |      |           |
|                                                                                                  | (d)                                | (i)                                   | outstanding principal amount of A-4 Notes: |          | $         | 172,600,000.00 |   |
|                                                                                                  |                               | (ii)                                  | A-4 Note Pool Factor:                      |          | 1.0000000 |           |
|                                                                                                  |                               |                                  |                                       |          |      |           |
|                                                                                                  | (e)                                | (i)                                   | Certificate Balance                        |          | $         | 11,275,240.00  |   |
|                                                                                                  |                               | (ii)                                  | Certificate Pool Factor:                   |          | 1.0000000 |           |
|                                                                                                  |                               |                                  |                                       |          |      |           |
| (4) Note Value at the end of the related  Collection Period:                                     |                               | $                                     | 650,130,305.28                             |          |
|                                                                                                  |                               |                                  |                                       |          |      |           |
| (5) Pool Balance (excluding accrued interest)  at the end of the related Collection Period:      |                               | $                                     | 643,793,711.72                             |          |
|                                                                                                  |                               |                                  |                                       |          |      |           |
| (6) Pool Face Amount at the end of the related  Collection Period:                               |                               | $                                     | 731,448,137.42                             |          |
|                                                                                                  |                               |                                  |                                       |          |      |           |
| (7) Amount of Servicing Fee earned:                                                              |                               | $                                     | 552,655.95                                 |          |
|                                                                                                  |                               | per $1,000 original principal amount: |                                       | $             | 0.74      |           |
|                                                                                                  | Amount of Servicing Fee earned:    |                                  | $                                          | 552,655.95    |      |
|                                                                                                  | Amount of Servicing Fee paid:      |                                  | $                                          | 552,655.95    |      |
|                                                                                                  | Amount of Servicing Fee shortfall: |                                  | $                                          | 0.00          |      |
|                                                                                                  |                               |                                  |                                       |          |      |           |
| (8) Amount of Administration Fee:                                                                |                               | $                                     | 100.00                                     |          |
|                                                                                                  |                               |                                  |                                       |          |      |           |
| (9) Aggregate Purchased Receivables for  Collection Period:                                      |                               | $                                     | 0.00                                       |          |
|                                                                                                  |                               |                                  |                                       |          |      |           |
| (10) Amount in Reserve Account:                                                                  |                               | $                                     | 13,156,067.00                              |          |
|                                                                                                  | Specified Reserve Account Balance: |                                  | $                                          | 13,156,067.00 |      |
|                                                                                                  |                               |                                  |                                       |          |      |           |
| (11) Scheduled Payments of Receivables 60 days or  more past due:                                     |                               | $                                     | 466,756.00                                 |          |
|                                                                                                  |                               |                                  |                                       |          |      |           |
| (12) Scheduled Payments of Receivables 60 days or  more past due as a % of Pool Balance:              |                               | 0.07                                  | %                                          |
|                                                                                                  |                               |                                  |                                       |          |      |           |
| (13) Rolling three month 60 days or more past due as  a % of Pool Balance (Average Delinquency Ratio) |                               | 0.07                                  | %                                          |
|                                                                                                  |                               |                                  |                                       |          |      |           |
| (14) Face Amount of Receivables 60 days or more past  due:                                            |                               | $                                     | 6,986,812.00                               |          |
|                                                                                                  |                               |                                  |                                       |          |      |           |
| (15) Face Amount of Receivables 60 days or more past  due as a % of the Pool Face Amount:             |                               | 0.96                                  | %                                          |
|                                                                                                  |                               |                                  |                                       |          |      |           |
| (16) Aggregate amount of net losses for the  collection period                                        |                               | $                                     | 26,130.55                                  |          |
|                                                                                                  |                               |                                  |                                       |          |      |           |
| (17) Aggregate amount of net losses since 26-May-05                                                   |                               | $                                     | 79,219.36                                  |          |
|                                                                                                  |                               |                                  |                                       |          |      |           |
| (18) Cumulative net loss as a percent of Initial  Pool Balance (Cumulative Net Loss Ratio)            |                               | 0.01                                  | %                                          |
|                                                                                                       |                                    |                                       |                                            |               |           |                |        |  |  |

 

15

----

 
| **Servicer’s  Certificate**                                                             | **EXHIBIT C** |       |
|----------------------------------------------------------------------------------------------|--------------------|------------|
| **John  Deere Owner Trust 2005**                                                             |               |       |
| **Fiscal  Month October 2005**                                                          | ** **         |       |
| ** **                                                                                   | ** **         | ** ** |
| **John Deere Owner Trust 2005**                                                              | ** **         | ** ** |
| **Servicer’s Certificate**                                                              | ** **         | ** ** |
| ** **                                                                                   | ** **         | ** ** |
| $183,900,000   Class A-1  3.396% Asset Backed Notes due June 15, 2006    | ** **         | ** ** |
| $169,000,000   Class A-2  3.79% Asset Backed Notes due December 17, 2007 | ** **         | ** ** |
| $215,000,000   Class A-3  3.98% Asset Backed Notes due June 15, 2009     | ** **         | ** ** |
| $172,600,000   Class A-4 4.16%  Asset Backed Notes due May 15, 2012      | ** **         | ** ** |
|     $11,275,240   Asset Backed Certificates                         | ** **         | ** ** |

 
| (1) Servicing  Fee:                                                                            |                                                                     |   |          |
|-----------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------|--------|---------------|
|                                                                                                | Servicing Fee earned:                                                    |   | $             | 552,655.95 |   |
|                                                                                                | Servicing Fee paid:                                                      |   | $             | 552,655.95 |   |
|                                                                                                | Servicing Fee shortfall:                                                 |   | $             | 0.00 |   |
|                                                                                                |                                                                     |   |          |   |
| (2) Administration Fee:                                                                        |                                                                     | $      | 100.00        |   |
|                                                                                                | Administration Fee Shortfall:                                            |   | $             | 0.00 |   |
|                                                                                                |                                                                     |   |          |   |
| (3) Total Distribution Amount:                                                                 |                                                                     | $      | 22,708,568.46 |   |
|                                                                                                |                                                                     |   |          |   |
| (4) Noteholders’ Interest Distributable Amount  applicable to A-1 Notes:                  |                                                                     | $      | 277,728.89    |   |
|                                                                                                | Noteholders’ Interest Carryover Shortfall applicable  to A-1 Notes: |   | $             | 0.00 |   |
|                                                                                                |                                                                     |   |          |   |
| (5) Noteholders’ Interest Distributable Amount  applicable to A-2 Notes:                  |                                                                     | $      | 533,758.33    |   |
|                                                                                                | Noteholders’ Interest Carryover Shortfall applicable  to A-2 Notes: |   | $             | 0.00 |   |
|                                                                                                |                                                                     |   |          |   |
| (6) Noteholders’ Interest Distributable Amount  applicable to A-3 Notes:                  |                                                                     | $      | 713,083.33    |   |
|                                                                                                | Noteholders’ Interest Carryover Shortfall applicable  to A-3 Notes: |   | $             | 0.00 |   |
|                                                                                                |                                                                     |   |          |   |
| (7) Noteholders’ Interest Distributable Amount  applicable to A-4 Notes:                  |                                                                     | $      | 598,346.67    |   |
|                                                                                                | Noteholders’ Interest Carryover Shortfall applicable  to A-4 Notes: |   | $             | 0.00 |   |
|                                                                                                |                                                                     |   |          |   |
| (9) Noteholders’ Interest Distributable Amount  deposited into Note Distribution Account: |                                                                     | $      | 2,122,917.22  |   |
|                                                                                                | Noteholders’ Interest Carryover Shortfall:                          |   | $             | 0.00 |   |
|                                                                                                |                                                                     |   |          |   |
| (10) A-1 Noteholders’ Monthly Principal  Distributable Amount:                            |                                                                     | $      | 19,266,399.51 |   |
|                                                                                                | % of Principal Distribution Amount applicable to A-1  Noteholders:       |   | 100.00        | % |
|                                                                                                | A-1 Noteholders’ Principal Carryover Shortfall:                     |   | $             | 0.00 |   |
|                                                                                                | A-1 Noteholders’ Principal Distributable Amount:                    |   | $             | 19,266,399.51 |   |
|                                                                                                |                                                                     |   |          |   |
| (11) A-2 Noteholders’ Monthly Principal  Distributable Amount:                                 |                                                                     | $      | 0.00          |   |
|                                                                                                | % of Principal Distribution Amount applicable to A-2  Noteholders:       |   | 0.00          | % |
|                                                                                                | A-2 Noteholders’ Principal Carryover Shortfall:                     |   | $             | 0.00 |   |
|                                                                                                | A-2 Noteholders’ Principal Distributable Amount:                    |   | $             | 0.00 |   |
|                                                                                                |                                                                     |   |          |   |
| (12) A-3 Noteholders’ Monthly Principal  Distributable Amount:                                 |                                                                     | $      | 0.00          |   |
|                                                                                                | % of Principal Distribution Amount applicable to A-3  Noteholders:       |   | 0.00          | % |
|                                                                                                | A-3 Noteholders’ Principal Carryover Shortfall:                     |   | $             | 0.00 |   |
|                                                                                                | A-3 Noteholders’ Principal Distributable Amount:                    |   | $             | 0.00 |   |

 

16

----

 
| (13) A-4 Noteholders’ Monthly Principal  Distributable Amount:                                 |                                                                         | $      | 0.00           |           |
|-----------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------|--------|----------------|----------------|
|                                                                                                | % of Principal Distribution Amount applicable to A-4  Noteholders:           |   | 0.00           | %              |
|                                                                                                | A-4 Noteholders’ Principal Carryover Shortfall:                         |   | $              | 0.00           |   |
|                                                                                                | A-4 Noteholders’ Principal Distributable Amount:                        |   | $              | 0.00           |   |
|                                                                                                |                                                                         |   |           |           |
| (14) Noteholders’ Principal Distribution Amount  deposited into Note Distribution Account:     |                                                                         | $      | 19,266,399.51  |           |
|                                                                                                | Noteholders’ Principal Carryover Shortfall:                             |   | $              | 0.00           |   |
|                                                                                                |                                                                         |   |           |           |
| (15) Noteholders’ Distributable Amount:                                                        |                                                                         | $      | 21,389,316.73  |           |
|                                                                                                |                                                                         |   |           |           |
| (16) Amount to be withdrawn from the Reserve Account  and deposited into Note Distribution Account: |                                                                         | $      | 0.00           |           |
|                                                                                                | Interest Amount included above:                                              |   | $              | 0.00           |   |
|                                                                                                | Principal Amount included above:                                             |   | $              | 0.00           |   |
|                                                                                                |                                                                         |   |           |           |
| (17) Deposit to Reserve Account from Collection  Account to increase the amount                     |                                                                         |   |           |
|                                                                                                | on deposit in the Reserve Account to the Specified  Reserve Account Balance: |   | $              | 0.00           |   |
|                                                                                                |                                                                         |   |           |           |
| (18) Certificateholders’ Interest Distributable  Amount:                                       |                                                                         | $      | 0.00           |           |
|                                                                                                | Certificateholders’ Interest Carryover Shortfall:                       |   | $              | 0.00           |   |
|                                                                                                |                                                                         |   |           |           |
| (19) Certificateholders’ Principal Distributable  Amount applicable to current period          |                                                                         | $      | 0.00           |           |
|                                                                                                | % of Principal Distribution Amount applicable to  Certificate holders        |   | 0.00           | %              |
|                                                                                                | Certificateholders’ Principal Carryover Shortfall:                      |   | $              | 0.00           |   |
|                                                                                                | Certificateholders’ Principal Distributable Amount:                     |   | $              | 0.00           |   |
|                                                                                                |                                                                         |   |           |           |
| (20) Certificateholders’ Distributable Amount:                                                 |                                                                         | $      | 0.00           |           |
|                                                                                                |                                                                         |   |           |           |
| (21) Deposit to Reserve Account (from excess  collections):                                         |                                                                         | $      | 766,495.78     |           |
|                                                                                                |                                                                         |   |           |           |
| (22) Specified Reserve Account Balance (after all  distributions and adjustments) :                 |                                                                         | $      | 13,156,067.00  |           |
|                                                                                                |                                                                         |   |           |           |
| (23) Reserve Account Balance over the Specified  Reserve Account Balance                            |                                                                         |   |           |
|                                                                                                | (before any distribution of excess):                                         |   | $              | 13,922,562.78  |   |
|                                                                                                |                                                                         |   |           |           |
| (24) Excess Reserve Account Balance Distributable to  Seller (5.05(b)(i) or (ii)):             |                                                                         | $      | 766,495.78     |           |
|                                                                                                |                                                                         |   |           |           |
| (25) Note Value as of the end of the related  Collection Period                                     |                                                                         | $      | 650,130,305.28 |           |
|                                                                                                |                                                                         |   |           |           |
| (26) Pool Balance (excluding Accrued Interest) as of  close of business on the last day of          |                                                                         |   |           |
|                                                                                                | the related Collection Period:                                               |   | $              | 643,793,711.72 |   |
|                                                                                                |                                                                         |   |           |           |
| (27) Number of Accounts at the end of the related  Collection Period                                |                                                                         | 19,001 |           |
|                                                                                                |                                                                         |   |           |           |
| (28) After giving effect to all distributions on  such Payment Date:                                |                                                                         |   |           |
|                                                                                                | Outstanding Principal Balance of A-1 Notes:                                  |   | $              | 82,255,065.59  |   |
|                                                                                                | A-1 Note Pool Factor:                                                        |   | 0.4472815      |           |
|                                                                                                |                                                                         |   |           |           |
|                                                                                                | Outstanding Principal Balance of A-2 Notes:                                  |   | $              | 169,000,000.00 |   |
|                                                                                                | A-2 Note Pool Factor:                                                        |   | 1.0000000      |           |
|                                                                                                |                                                                         |   |           |           |
|                                                                                                | Outstanding Principal Balance of A-3 Notes:                                  |   | $              | 215,000,000.00 |   |
|                                                                                                | A-3 Note Pool Factor:                                                        |   | 1.0000000      |           |
|                                                                                                     |                                                                              |        |                |                |  |  |

 

17

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|                                                                                                  | Outstanding Principal Balance of A-4 Notes:        |   | $             | 172,600,000.00 |   |
|-------------------------------------------------------------------------------------------------------|----------------------------------------------------|--------|---------------|----------------|--------|
|                                                                                                  | A-4 Note Pool Factor:                              |   | 1.0000000     |           |
|                                                                                                  |                                               |   |          |           |
|                                                                                                  | Outstanding Principal Balance of the Certificates: |   | $             | 11,275,240.00  |   |
|                                                                                                  | Certificate Pool Factor:                           |   | 1.0000000     |           |
|                                                                                                  |                                               |   |          |           |
| (29) Aggregate Purchased Receivables for related  Collection Period:                                  |                                               | $      | 0.00          |           |
|                                                                                                  |                                               |   |          |           |
| (30) Reserve Account Balance after giving effect to  all distributions:                               |                                               | $      | 13,156,067.00 |           |
|                                                                                                  |                                               |   |          |           |
| (31) Specified Reserve Account Balance (after all  distributions and adjustments):                    |                                               | $      | 13,156,067.00 |           |
|                                                                                                  |                                               |   |          |           |
| (32) Rolling three month 60 days or more past due as  a % of Pool Balance (Average Delinquency Ratio) |                                               | 0.07   | %             |
|                                                                                                  |                                               |   |          |           |
| (33) Aggregate amount of net losses for the  collection period                                        |                                               | $      | 26,130.55     |           |
|                                                                                                  |                                               |   |          |           |
| (34) Aggregate amount of net losses since 26-May-05                                                   |                                               | $      | 79,219.36     |           |
|                                                                                                  |                                               |   |          |           |
| (35) Cumulative net loss as a percent of Initial Pool  Balance (Cumulative Net Loss Ratio)            |                                               | 0.01   | %             |
|                                                                                                       |                                                    |        |               |                |        |  |

 

18

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