Document:

exv10w1

 

EXHIBIT 10.1

Contact: Customer Services — CTSLink

Wells Fargo Bank Minnesota, N.A.

Securities Administration Services

7485 New Horizon Way

Frederick, MD 21703

www.ctslink.com

Telephone: (301) 815-6600

Fax: (301) 315-6660

FRB SERIES 2002-FRB2

Record Date: February 28, 2003

Distribution Date: March 17, 2003

Certificateholder Distribution Summary

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Certificate Class	 	Certificate	 	Beginning	 	Interest
	Class	 	CUSIP	 	Description	 	Pass-Through Rate	 	Certificate Balance	 	Distribution
	
	 	
	 	
	 	
	 	
	 	

	 	A-1
	 	336161BT0	 	SEN	 	 	3.98600	%	 	 	58,086,060.25	 	 	 	192,942.53	 
	 	A-2
	 	336161BU7	 	SEN	 	 	1.74000	%	 	 	306,149,168.30	 	 	 	442,466.29	 
	 	A-R
	 	336161BW3	 	SEN	 	 	4.88756	%	 	 	0.00	 	 	 	0.00	 
	 	B-1
	 	336161BX1	 	SUB	 	 	2.39000	%	 	 	3,799,000.00	 	 	 	7,566.34	 
	 	B-2
	 	336161BY9	 	SUB	 	 	3.16923	%	 	 	1,519,000.00	 	 	 	4,011.72	 
	 	B-3
	 	336161BZ6	 	SUB	 	 	3.16923	%	 	 	2,279,000.00	 	 	 	6,018.89	 
	 	B-4
	 	336161CA0	 	SUB	 	 	3.16923	%	 	 	1,519,000.00	 	 	 	4,011.72	 
	 	B-5
	 	336161CB8	 	SUB	 	 	3.16923	%	 	 	1,139,000.00	 	 	 	3,008.13	 
	 	B-6
	 	336161CC6	 	SUB	 	 	3.16923	%	 	 	1,146,346.99	 	 	 	3,027.53	 
	 	 	X
	 	336161BV5	 	SEN	 	 	1.04967	%	 	 	0.00	 	 	 	327,702.53	 
	 	 
	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 
	Totals
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	374,636,575.54	 	 	 	990,755.68	 
	

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
	 	 	 	
	 

[Additional columns below]

[Continued from above table, first column(s) repeated]

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Principal	 	Current Realized	 	Ending Certificate	 	 	 	 	 	Cumulative Realized
	Class	 	Distribution	 	Loss	 	Balance	 	Total Distribution	 	Loss
	
	 	
	 	
	 	
	 	
	 	

	 	A-1
	 	 	623,632.56	 	 	 	0.00	 	 	 	57,462,427.69	 	 	 	816,575.09	 	 	 	0.00	 
	 	A-2
	 	 	414,153.22	 	 	 	0.00	 	 	 	304,735,015.08	 	 	 	856,619.51	 	 	 	0.00	 
	 	A-R
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 	B-1
	 	 	0.00	 	 	 	0.00	 	 	 	3,799,000.00	 	 	 	7,566.34	 	 	 	0.00	 
	 	B-2
	 	 	0.00	 	 	 	0.00	 	 	 	1,519,000.00	 	 	 	4,011.72	 	 	 	0.00	 
	 	B-3
	 	 	0.00	 	 	 	0.00	 	 	 	2,279,000.00	 	 	 	6,018.89	 	 	 	0.00	 
	 	B-4
	 	 	0.00	 	 	 	0.00	 	 	 	1,519,000.00	 	 	 	4,011.72	 	 	 	0.00	 
	 	B-5
	 	 	0.00	 	 	 	0.00	 	 	 	1,139,000.00	 	 	 	3,008.13	 	 	 	0.00	 
	 	B-6
	 	 	0.00	 	 	 	0.00	 	 	 	1,146,346.99	 	 	 	3,027.53	 	 	 	0.00	 
	 	 	X
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	327,702.53	 	 	 	0.00	 
	 	 
	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 
	Totals
	 	 	1,037,785.78	 	 	 	0.00	 	 	 	373,598,789.76	 	 	 	2,028,541.46	 	 	 	0.00	 
	

	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 

All distributions required by the Pooling and Servicing Agreement have been
calculated by the Certificate Administrator on behalf of the Trustee.

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Principal Distribution Statement	 	 	 	 
	
	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Unscheduled	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Beginning	 	Scheduled Principal	 	Principal	 	 	 	 	 	 	 	 
	Class	 	Original Face Amount	 	Certificate Balance	 	Distribution	 	Distribution	 	Accretion	 	 	 	 
	
	 	
	 	
	 	
	 	
	 	
	 	 	 	 
	 	A-1
	 	 	58,144,000.00	 	 	 	58,086,060.25	 	 	 	7,384.54	 	 	 	616,248.02	 	 	 	0.00	 	 	 	 	 
	 	A-2
	 	 	310,464,000.00	 	 	 	305,149,168.30	 	 	 	34,471.67	 	 	 	379,681.55	 	 	 	0.00	 	 	 	 	 
	 	A-R
	 	 	100.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	 	 
	 	B-1
	 	 	3,799,000.00	 	 	 	3,799,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	 	 
	 	B-2
	 	 	1,519,000.00	 	 	 	1,519,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	 	 
	 	B-3
	 	 	2,279,000.00	 	 	 	2,279,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	 	 
	 	B-4
	 	 	1,519,000.00	 	 	 	1,519,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	 	 
	 	B-5
	 	 	1,139,000.00	 	 	 	1,139,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	 	 
	 	B-6
	 	 	1,146,346.99	 	 	 	1,146,346.99	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	 	 
	 	 	X
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	 	 
	 	 
	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	 	 
	Totals
	 	 	380,009,446.99	 	 	 	374,636,575.54	 	 	 	41,856.21	 	 	 	995,929.57	 	 	 	0.00	 	 	 	 	 
	

	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	 	 

[Additional columns below]

[Continued from above table, first column(s) repeated]

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Principal Distribution Statement
	

	 	 	 	 	Realized	 	Total Principal	 	Ending Certificate	 	Ending Certificate	 	Total Principal
	Class	 	Loss (1)	 	Reduction	 	Balance	 	Percentage	 	Distribution
	
	 	
	 	
	 	
	 	
	 	

	 	A-1
	 	 	0.00	 	 	 	623,632.56	 	 	 	57,462,427.69	 	 	 	0.98827786	 	 	 	623,632.56	 
	 	A-2
	 	 	0.00	 	 	 	414,153.22	 	 	 	304,735,015.08	 	 	 	0.98154702	 	 	 	414,153.22	 
	 	A-R
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00000000	 	 	 	0.00	 
	 	B-1
	 	 	0.00	 	 	 	0.00	 	 	 	3,799,000.00	 	 	 	1.00000000	 	 	 	0.00	 
	 	B-2
	 	 	0.00	 	 	 	0.00	 	 	 	1,519,000.00	 	 	 	1.00000000	 	 	 	0.00	 
	 	B-3
	 	 	0.00	 	 	 	0.00	 	 	 	2,279,000.00	 	 	 	1.00000000	 	 	 	0.00	 
	 	B-4
	 	 	0.00	 	 	 	0.00	 	 	 	1,519,000.00	 	 	 	1.00000000	 	 	 	0.00	 
	 	B-5
	 	 	0.00	 	 	 	0.00	 	 	 	1,139,000.00	 	 	 	1.00000000	 	 	 	0.00	 
	 	B-6
	 	 	0.00	 	 	 	0.00	 	 	 	1,146,346.99	 	 	 	1.00000000	 	 	 	0.00	 
	 	 	X
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00000000	 	 	 	0.00	 
	 	 
	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 
	Totals
	 	 	0.00	 	 	 	1,037,785.78	 	 	 	373,598,789.76	 	 	 	 	 	 	 	1,037,785.78	 
	

	 	 	
	 	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 

	(1)	 	Amount does not include excess special hazard, bankruptcy, or fraud losses
unless otherwise disclosed. Please refer to the prospectus supplement for a
full description.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Principal Distribution Factors Statement
	

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Unscheduled	 	 	 	 
	 	 	 	 	 	 	 	 	Beginning	 	Scheduled Principal	 	Principal	 	 	 	 
	Class(2)	 	Original Face Amount	 	Certificate Balance	 	Distribution	 	Distribution	 	Accretion
	
	 	
	 	
	 	
	 	
	 	

	 	A-1
	 	 	58,144,000.00	 	 	 	999.00351283	 	 	 	0.12700433	 	 	 	10.59865197	 	 	 	0.00000000	 
	 	A-2
	 	 	310,464,000.00	 	 	 	982.88100488	 	 	 	0.11103274	 	 	 	1.22294872	 	 	 	0.00000000	 
	 	A-R
	 	 	100.00	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	 	B-1
	 	 	3,799,000.00	 	 	 	1000.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	 	B-2
	 	 	1,519,000.00	 	 	 	1000.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	 	B-3
	 	 	2,279,000.00	 	 	 	1000.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	 	B-4
	 	 	1,159,000.00	 	 	 	1000.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	 	B-5
	 	 	1,139,000.00	 	 	 	1000.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	 	B-6
	 	 	1,146,346.99	 	 	 	1000.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	 	 	X
	 	 	0.00	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	

	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 

[Additional columns below]

[Continued from above table, first column(s) repeated]

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Principal Distribution Factors Statement
	

	 	 	 	 	Realized	 	Total Principal	 	Ending Certificate	 	Ending Certificate	 	Total Principal
	Class(2)	 	Loss (3)	 	Reduction	 	Balance	 	Percentage	 	Distribution
	
	 	
	 	
	 	
	 	
	 	

	 	A-1
	 	 	0.00000000	 	 	 	10.72565630	 	 	 	988.27785653	 	 	 	0.98827786	 	 	 	10.72565630	 
	 	A-2
	 	 	0.00000000	 	 	 	1.33398146	 	 	 	981.54702342	 	 	 	0.98154702	 	 	 	1.33398146	 
	 	A-R
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	 	B-1
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	1000.00000000	 	 	 	1.00000000	 	 	 	0.00000000	 
	 	B-2
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	1000.00000000	 	 	 	1.00000000	 	 	 	0.00000000	 
	 	B-3
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	1000.00000000	 	 	 	1.00000000	 	 	 	0.00000000	 
	 	B-4
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	1000.00000000	 	 	 	1.00000000	 	 	 	0.00000000	 
	 	B-5
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	1000.00000000	 	 	 	1.00000000	 	 	 	0.00000000	 
	 	B-6
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	1000.00000000	 	 	 	1.00000000	 	 	 	0.00000000	 
	 	 	X
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	

	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 

	(2)	 	Per $1,000 denomination.
	 
	(3)	 	Amount does not include excess special hazard, bankruptcy, or fraud losses
unless otherwise disclosed. Please refer to the prospectus supplement for a
full description.

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Interest Distribution Statement
	

	 	 	 	 	 	 	 	 	 	 	 	 	Beginning	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Current Certificate	 	Certificate/	 	Current Accrued	 	Payment of Unpaid	 	Current Interest
	Class	 	Original Face Amount	 	Rate	 	Notional Balance	 	Interest	 	Interest Shortfall	 	Shortfall
	
	 	
	 	
	 	
	 	
	 	
	 	

	 	A-1
	 	 	58,144,000.00	 	 	 	3.98600	%	 	 	58,086,060.25	 	 	 	192,942.53	 	 	 	0.00	 	 	 	0.00	 
	 	A-2
	 	 	310,464,000.00	 	 	 	1.74000	%	 	 	305,149,168.30	 	 	 	442,466.29	 	 	 	0.00	 	 	 	0.00	 
	 	A-R
	 	 	100.00	 	 	 	4.88756	%	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 	B-1
	 	 	3,799,000.00	 	 	 	2.39000	%	 	 	3,799,000.00	 	 	 	7,566.34	 	 	 	0.00	 	 	 	0.00	 
	 	B-2
	 	 	1,519,000.00	 	 	 	3.16923	%	 	 	1,519,000.00	 	 	 	4,011.72	 	 	 	0.00	 	 	 	0.00	 
	 	B-3
	 	 	2,279,000.00	 	 	 	3.16923	%	 	 	2,279,000.00	 	 	 	6,018.89	 	 	 	0.00	 	 	 	0.00	 
	 	B-4
	 	 	1,519,000.00	 	 	 	3.16923	%	 	 	1,519,000.00	 	 	 	4,011.72	 	 	 	0.00	 	 	 	0.00	 
	 	B-5
	 	 	1,139,000.00	 	 	 	3.16923	%	 	 	1,139,000.00	 	 	 	3,008.13	 	 	 	0.00	 	 	 	0.00	 
	 	B-6
	 	 	1,146,346.99	 	 	 	3.16923	%	 	 	1,146,346.99	 	 	 	3,027.53	 	 	 	0.00	 	 	 	0.00	 
	 	 	X
	 	 	0.00	 	 	 	1.04967	%	 	 	374,636,575.56	 	 	 	327,702,53	 	 	 	0.00	 	 	 	0.00	 
	

	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 
	Totals
	 	 	380,009,446.99	 	 	 	 	 	 	 	 	 	 	 	990,755.68	 	 	 	0.00	 	 	 	0.00	 
	

	 	 	
	 	 	 	 	 	 	 	 	 	 	 	
	 	 	 	
	 	 	 	
	 

[Additional columns below]

[Continued from above table, first column(s) repeated]

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Interest Distribution Statement
	

	 	 	 	 	Non-Supported	 	Realized	Total Interest	Remaining Unpaid	Ending Certificate/
	Class	 	Interest Shortfall	 	Loss (4)	Distribution	Interest Shortfall	Notational Balance
	
	 	
	 	
	
	
	

	 	A-1
	 	 	0.00	 	 	 	0.00	 	 	 	192,942.53	 	 	 	0.00	 	 	 	57,462,427.69	 
	 	A-2
	 	 	0.00	 	 	 	0.00	 	 	 	442,466.29	 	 	 	0.00	 	 	 	304,735,015.08	 
	 	A-R
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 	B-1
	 	 	0.00	 	 	 	0.00	 	 	 	7,566.34	 	 	 	0.00	 	 	 	3,799,000.00	 
	 	B-2
	 	 	0.00	 	 	 	0.00	 	 	 	4,011.72	 	 	 	0.00	 	 	 	1,519,000.00	 
	 	B-3
	 	 	0.00	 	 	 	0.00	 	 	 	6,018.89	 	 	 	0.00	 	 	 	2,279,000.00	 
	 	B-4
	 	 	0.00	 	 	 	0.00	 	 	 	4,011.72	 	 	 	0.00	 	 	 	1,519,000.00	 
	 	B-5
	 	 	0.00	 	 	 	0.00	 	 	 	3,008.13	 	 	 	0.00	 	 	 	1,139,000.00	 
	 	B-6
	 	 	0.00	 	 	 	0.00	 	 	 	3,027.53	 	 	 	0.00	 	 	 	1,146,346.99	 
	 	 	X
	 	 	0.00	 	 	 	0.00	 	 	 	327,702.53	 	 	 	0.00	 	 	 	373,598,789.78	 
	

	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 
	Totals
	 	 	0.00	 	 	 	0.00	 	 	 	990,755.68	 	 	 	0.00	 	 	 	 	 
	

	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	 	 

	(4)	 	Amount does not include excess special hazard, bankruptcy, or fraud losses
unless otherwise disclosed. Please refer to the prospectus supplement for a
full description.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Interest Distribution Factors Statement
	

	 	 	 	 	 	 	 	 	 	 	 	 	Beginning	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Current Certificate	 	Certificate/	 	Current Accrued	 	Payment of Unpaid
	Class (5)	 	Original Face Amount	 	Rate	 	Notional Balance	 	Interest	 	Interest Shortfall
	
	 	
	 	
	 	
	 	
	 	

	 	A-1
	 	 	58,144,000.00	 	 	 	3.98600	%	 	 	999.00351283	 	 	 	3.31835667	 	 	 	0.00000000	 
	 	A-2
	 	 	310,464,000.00	 	 	 	1.74000	%	 	 	982.88100488	 	 	 	1.42517744	 	 	 	0.00000000	 
	 	A-R
	 	 	100.00	 	 	 	4.88756	%	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	 	B-1
	 	 	3,799,000.00	 	 	 	2.39000	%	 	 	1000.00000000	 	 	 	1.99166623	 	 	 	0.00000000	 
	 	B-2
	 	 	1,519,000.00	 	 	 	3.16923	%	 	 	1000.00000000	 	 	 	2.64102699	 	 	 	0.00000000	 
	 	B-3
	 	 	2,279,000.00	 	 	 	3.16923	%	 	 	1000.00000000	 	 	 	2.64102238	 	 	 	0.00000000	 
	 	B-4
	 	 	1,519,000.00	 	 	 	3.16923	%	 	 	1000.00000000	 	 	 	2.64102699	 	 	 	0.00000000	 
	 	B-5
	 	 	1,139,000.00	 	 	 	3.16923	%	 	 	1000.00000000	 	 	 	2.64102722	 	 	 	0.00000000	 
	 	B-6
	 	 	1,146,346.99	 	 	 	3.16923	%	 	 	1000.00000000	 	 	 	2.64102408	 	 	 	0.00000000	 
	 	 	X
	 	 	0.00	 	 	 	1.04967	%	 	 	985.86121616	 	 	 	0.86235364	 	 	 	0.00000000	 
	

	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 

[Additional columns below]

[Continued from above table, first column(s) repeated]

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Interest Distribution Factors Statement
	

	 	 	 	 	Current Interest	 	Non-Supported	 	Realized	 	Total Interest	 	Remaining Unpaid	 	Ending Certificate/
	Class (5)	 	Shortfall	 	Interest Shortfall	 	Loss (6)	 	Distribution	 	Interest Shortfall	 	Notational Balance
	
	 	
	 	
	
	
	
	

	 	A-1
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	3.31835667	 	 	 	0.00000000	 	 	 	988.27785653	 
	 	A-2
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	1.42517744	 	 	 	0.00000000	 	 	 	981.54702342	 
	 	A-R
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	 	B-1
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	1.99166623	 	 	 	0.00000000	 	 	 	1000.00000000	 
	 	B-2
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	2.64102699	 	 	 	0.00000000	 	 	 	1000.00000000	 
	 	B-3
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	2.64102238	 	 	 	0.00000000	 	 	 	1000.00000000	 
	 	B-4
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	2.64102699	 	 	 	0.00000000	 	 	 	1000.00000000	 
	 	B-5
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	2.64102722	 	 	 	0.00000000	 	 	 	1000.00000000	 
	 	B-6
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	2.64102408	 	 	 	0.00000000	 	 	 	1000.00000000	 
	 	 	X
	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.86235364	 	 	 	0.00000000	 	 	 	981.13026884	 
	

	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 

	(5)	 	Per $1 denomination
(6) Amount does not include excess special hazard, bankruptcy, or fraud losses
unless otherwise disclosed. Please refer to the prospectus supplement for a
full description.

 

 

Certificateholder Account Statement

Certificate Account

	 	 	 	 	 	 
	Beginning Balance
	 	 	0.00	 
	Deposits
	 	 	 	 
	 	Payments of Interest and Principal
	 	 	2,123,761.57	 
	 	Liquidations, Insurance Proceeds, Reserve Funds
	 	 	0.00	 
	 	Proceeds from Repurchased Loans
	 	 	0.00	 
	 	Other Amounts (Servicer Advances)
	 	 	0.00	 
	 	Realized Losses
	 	 	0.00	 
	 	Prepayment Penalties
	 	 	0.00	 
	 
	 	 	
	 
	Total Deposits
	 	 	2,123,761.57	 
	Withdrawals
	 	 	 	 
	 	Reimbursement for Servicer Advances
	 	 	0.00	 
	 	Payment of Service Fee
	 	 	95,220.11	 
	 	Payment of Interest and Principal
	 	 	2,028,541.46	 
	 
	 	 	
	 
	Total Withdrawals (Pool Distribution Amount)
	 	 	2,123,761.57	 
	Ending Balance
	 	 	0.00	 
	 
	 	 	
	 

Prepayment/Curtailment Interest Shortfall

	 	 	 	 	 
	Total Prepayment/Curtailment Interest Shortfall
	 	 	0.00	 
	Servicing Fee Support
	 	 	0.00	 
	 
	 	 	
	 
	Non-Supported Prepayment Curtailment Interest Shortfall
	 	 	0.00	 
	 
	 	 	
	 

Servicing Fees

	 	 	 	 	 
	Gross Servicing Fee
	 	 	93,659.14	 
	Special Servicing Fee
	 	 	0.00	 
	Trustee Fee
	 	 	1,560.97	 
	Supported Prepayment/Curtailment Interest Shortfall
	 	 	0.00	 
	 
	 	 	
	 
	Net Servicing Fee
	 	 	95,220.11	 
	 
	 	 	
	 

 

 

Loan Status Stratification/Credit Enhancement Statement

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	DELINQUENT	 	BANKRUPTCY	 	FORECLOSURE
	
	 	
	 	

	 	 	No. of	 	Principal	 	 	 	 	 	No. of	 	Principal	 	 	 	 	 	No. of	 	Principal
	 	 	Loans	 	Balance	 	 	 	 	 	Loans	 	Balance	 	 	 	 	 	Loans	 	Balance
	 	 	
	 	
	 	 	 	 	 	
	 	
	 	 	 	 	 	
	 	

	0-29 Days
	 	 	0	 	 	 	0.00	 	 	0-29 Days	 	 	0	 	 	 	0.00	 	 	0-29 Days	 	 	0	 	 	 	0.00	 
	30 Days
	 	 	0	 	 	 	0.00	 	 	30 Days	 	 	0	 	 	 	0.00	 	 	30 Days	 	 	0	 	 	 	0.00	 
	60 Days
	 	 	0	 	 	 	0.00	 	 	60 Days	 	 	0	 	 	 	0.00	 	 	60 Days	 	 	0	 	 	 	0.00	 
	90 Days
	 	 	0	 	 	 	0.00	 	 	90 Days	 	 	0	 	 	 	0.00	 	 	90 Days	 	 	0	 	 	 	0.00	 
	120 Days
	 	 	0	 	 	 	0.00	 	 	120 Days	 	 	0	 	 	 	0.00	 	 	120 Days	 	 	0	 	 	 	0.00	 
	150 Days
	 	 	0	 	 	 	0.00	 	 	150 Days	 	 	0	 	 	 	0.00	 	 	150 Days	 	 	0	 	 	 	0.00	 
	180+ Days
	 	 	0	 	 	 	0.00	 	 	180+ Days	 	 	0	 	 	 	0.00	 	 	180+ Days	 	 	0	 	 	 	0.00	 
	 
	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 
	 
	 	 	0	 	 	 	0.00	 	 	 	 	 	 	 	0	 	 	 	0.00	 	 	 	 	 	 	 	0	 	 	 	0.00	 
	 
	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 

[Additional columns below]

[Continued from above table, first column(s) repeated]

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	DELINQUENT	 	REO	 	TOTAL
	
	 	
	 	

	 	 	 	 	 	 	No. of	 	Principal	 	 	 	 	 	No. of	 	Principal
	 	 	 	 	 	 	Loans	 	Balance	 	 	 	 	 	Loans	 	Balance
	 	 	 	 	 	 	
	 	
	 	 	 	 	 	
	 	

	0-29 Days
	 	0-29 Days	 	 	0	 	 	 	0.00	 	 	0-29 Days	 	 	0	 	 	 	0.00	 
	30 Days
	 	30 Days	 	 	0	 	 	 	0.00	 	 	30 Days	 	 	0	 	 	 	0.00	 
	60 Days
	 	60 Days	 	 	0	 	 	 	0.00	 	 	60 Days	 	 	0	 	 	 	0.00	 
	90 Days
	 	90 Days	 	 	0	 	 	 	0.00	 	 	90 Days	 	 	0	 	 	 	0.00	 
	120 Days
	 	120 Days	 	 	0	 	 	 	0.00	 	 	120 Days	 	 	0	 	 	 	0.00	 
	150 Days
	 	150 Days	 	 	0	 	 	 	0.00	 	 	150 Days	 	 	0	 	 	 	0.00	 
	180+ Days
	 	180+ Days	 	 	0	 	 	 	0.00	 	 	180+ Days	 	 	0	 	 	 	0.00	 
	 
	 	 	 	 	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 
	 
	 	 	 	 	 	 	0	 	 	 	0.00	 	 	 	 	 	 	 	0	 	 	 	0.00	 
	 
	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	No. of	 	Principal	 	 	 	 	 	No. of	 	Principal	 	 	 	 	 	No. of	 	Principal
	 	 	Loans	 	Balance	 	 	 	 	 	Loans	 	Balance	 	 	 	 	 	Loans	 	Balance
	0-29 Days
	 	 	0.000000	%	 	 	0.000000	%	 	0-29 Days	 	 	0.000000	%	 	 	0.000000	%	 	0-29 Days	 	 	0.000000	%	 	 	0.000000	%
	30 Days
	 	 	0.000000	%	 	 	0.000000	%	 	30 Days	 	 	0.000000	%	 	 	0.000000	%	 	30 Days	 	 	0.000000	%	 	 	0.000000	%
	60 Days
	 	 	0.000000	%	 	 	0.000000	%	 	60 Days	 	 	0.000000	%	 	 	0.000000	%	 	60 Days	 	 	0.000000	%	 	 	0.000000	%
	90 Days
	 	 	0.000000	%	 	 	0.000000	%	 	90 Days	 	 	0.000000	%	 	 	0.000000	%	 	90 Days	 	 	0.000000	%	 	 	0.000000	%
	120 Days
	 	 	0.000000	%	 	 	0.000000	%	 	120 Days	 	 	0.000000	%	 	 	0.000000	%	 	120 Days	 	 	0.000000	%	 	 	0.000000	%
	150 Days
	 	 	0.000000	%	 	 	0.000000	%	 	150 Days	 	 	0.000000	%	 	 	0.000000	%	 	150 Days	 	 	0.000000	%	 	 	0.000000	%
	180+ Days
	 	 	0.000000	%	 	 	0.000000	%	 	180+ Days	 	 	0.000000	%	 	 	0.000000	%	 	180+ Days	 	 	0.000000	%	 	 	0.000000	%
	 
	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 
	 
	 	 	0.000000	%	 	 	0.000000	%	 	 	 	 	 	 	0.000000	%	 	 	0.000000	%	 	 	 	 	 	 	0.000000	%	 	 	0.000000	%
	 
	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 

[Additional columns below]

[Continued from above table, first column(s) repeated]

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	No. of	 	Principal	 	 	 	 	 	No. of	 	Principal
	 	 	 	 	 	 	Loans	 	Balance	 	 	 	 	 	Loans	 	Balance
	0-29 Days
	 	0-29 Days	 	 	0.000000	%	 	 	0.000000	%	 	0-29 Days	 	 	0.000000	%	 	 	0.000000	%
	30 Days
	 	30 Days	 	 	0.000000	%	 	 	0.000000	%	 	30 Days	 	 	0.000000	%	 	 	0.000000	%
	60 Days
	 	60 Days	 	 	0.000000	%	 	 	0.000000	%	 	60 Days	 	 	0.000000	%	 	 	0.000000	%
	90 Days
	 	90 Days	 	 	0.000000	%	 	 	0.000000	%	 	90 Days	 	 	0.000000	%	 	 	0.000000	%
	120 Days
	 	120 Days	 	 	0.000000	%	 	 	0.000000	%	 	120 Days	 	 	0.000000	%	 	 	0.000000	%
	150 Days
	 	150 Days	 	 	0.000000	%	 	 	0.000000	%	 	150 Days	 	 	0.000000	%	 	 	0.000000	%
	180+ Days
	 	180+ Days	 	 	0.000000	%	 	 	0.000000	%	 	180+ Days	 	 	0.000000	%	 	 	0.000000	%
	 
	 	 	 	 	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 
	 
	 	 	 	 	 	 	0.000000	%	 	 	0.000000	%	 	 	 	 	 	 	0.000000	%	 	 	0.000000	%
	 
	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 	 	 	
	 

	 	 	 	 	 
	Current Period Class A Insufficient Funds: 0.00	 	
Principal Balance of Contaminated Properties 0.00
	 	Periodic Advance 0.00

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Original $	 	Original %	 	Current $	 	Current %
	 	 	 	 	
	 	
	 	
	 	

	 	Bankruptcy
	 	 	100,000.00	 	 	 	0.02631514	%	 	 	100,000.00	 	 	 	0.02676668	%
	 	 	Fraud
	 	 	7,600,189.00	 	 	 	2.00000002	%	 	 	7,600,189.00	 	 	 	2.03431842	%
	Special Hazard
	 	 	11,400,283.00	 	 	 	2.99999989	%	 	 	11,400,283.00	 	 	 	3.05147750	%

Limit of subordinate’s exposure to certain types of losses

 

 

Delinquency Status By Group

Group 1

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	DELINQUENT	 	BANKRUPTCY	 	FORECLOSURE
	
	 	
	 	

	 	 	No. of	 	Principal	 	 	 	 	 	No. of	 	Principal	 	 	 	 	 	No. of	 	Principal
	 	 	Loans	 	Balance	 	 	 	 	 	Loans	 	Balance	 	 	 	 	 	Loans	 	Balance
	 	 	
	 	
	 	 	 	 	 	
	 	
	 	 	 	 	 	
	 	

	0-29 Days
	 	 	0	 	 	 	0.00	 	 	0-29 Days	 	 	0	 	 	 	0.00	 	 	0-29 Days	 	 	0	 	 	 	0.00	 
	30 Days
	 	 	0	 	 	 	0.00	 	 	30 Days	 	 	0	 	 	 	0.00	 	 	30 Days	 	 	0	 	 	 	0.00	 
	60 Days
	 	 	0	 	 	 	0.00	 	 	60 Days	 	 	0	 	 	 	0.00	 	 	60 Days	 	 	0	 	 	 	0.00	 
	90 Days
	 	 	c	 	 	 	0.00	 	 	90 Days	 	 	0	 	 	 	0.00	 	 	90 Days	 	 	0	 	 	 	0.00	 
	120 Days
	 	 	0	 	 	 	0.00	 	 	120 Days	 	 	0	 	 	 	0.00	 	 	120 Days	 	 	0	 	 	 	0.00	 
	150 Days
	 	 	0	 	 	 	0.00	 	 	150 Days	 	 	0	 	 	 	0.00	 	 	150 Days	 	 	0	 	 	 	0.00	 
	180+ Days
	 	 	0	 	 	 	0.00	 	 	180+Days	 	 	0	 	 	 	0.00	 	 	180+ Days	 	 	0	 	 	 	0.00	 
	 
	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 
	 
	 	 	0	 	 	 	0.00	 	 	 	 	 	 	 	0	 	 	 	0.00	 	 	 	 	 	 	 	0	 	 	 	0.00	 

[Additional columns below]

[Continued from above table, first column(s) repeated]

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	REO	 	TOTAL
	 	 	
	 	

	 	 	 	 	 	 	No. of	 	Principal	 	 	 	 	 	No. of	 	Principal
	 	 	 	 	 	 	Loans	 	Balance	 	 	 	 	 	Loans	 	Balance
	 	 	 	 	 	 	
	 	
	 	 	 	 	 	
	 	

	0-29 Days
	 	0-29 Days	 	 	0	 	 	 	0.00	 	 	0-29 Days	 	 	0	 	 	 	0.00	 
	30 Days
	 	30 Days	 	 	0	 	 	 	0.00	 	 	30 Days	 	 	0	 	 	 	0.00	 
	60 Days
	 	60 Days	 	 	0	 	 	 	0.00	 	 	60 Days	 	 	0	 	 	 	0.00	 
	90 Days
	 	90 Days	 	 	0	 	 	 	0.00	 	 	90 Days	 	 	0	 	 	 	0.00	 
	120 Days
	 	120 Days	 	 	0	 	 	 	0.00	 	 	120 Days	 	 	0	 	 	 	0.00	 
	150 Days
	 	150 Days	 	 	0	 	 	 	0.00	 	 	150 Days	 	 	0	 	 	 	0.00	 
	180+ Days
	 	180+ Days	 	 	0	 	 	 	0.00	 	 	180+Days	 	 	0	 	 	 	0.00	 
	 
	 	 	 	 	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 
	 
	 	 	 	 	 	 	0	 	 	 	0.00	 	 	 	 	 	 	 	0	 	 	 	0.00	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	DELINQUENT	 	BANKRUPTCY	FORECLOSURE
	
	 	
	

	 	 	No. of	 	Principal	 	 	 	 	 	No. of	 	Principal	 	 	 	 	 	No. of	 	Principal
	 	 	Loans	 	Balance	 	 	 	 	 	Loans	 	Balance	 	 	 	 	 	Loans	 	Balance
	 	 	
	 	
	 	 	 	 	 	
	 	
	 	 	 	 	 	
	 	

	0-29Days
	 	 	0.000000	%	 	 	0.000000	%	 	0-29 Days	 	 	0.000000	%	 	 	0.000000	%	 	0-29 Days	 	 	0.000000	%	 	 	0.000000	%
	30 Days
	 	 	0.000000	%	 	 	0.000000	%	 	30 Days	 	 	0.000000	%	 	 	0.000000	%	 	30 Days	 	 	0.000000	%	 	 	0.000000	%
	60 Days
	 	 	0.000000	%	 	 	0.000000	%	 	60 Days	 	 	0.000000	%	 	 	0.000000	%	 	60 Days	 	 	0.000000	%	 	 	0.000000	%
	90 Days
	 	 	0.000000	%	 	 	0.000000	%	 	90 Days	 	 	0.000000	%	 	 	0.000000	%	 	90 Days	 	 	0.000000	%	 	 	0.000000	%
	120 Days
	 	 	0.000000	%	 	 	0.000000	%	 	120 Days	 	 	0.000000	%	 	 	0.000000	%	 	120 Days	 	 	0.000000	%	 	 	0.000000	%
	150 Days
	 	 	0.000000	%	 	 	0.000000	%	 	150 Days	 	 	0.000000	%	 	 	0.000000	%	 	150 Days	 	 	0.000000	%	 	 	0.000000	%
	180+ Days
	 	 	0.000000	%	 	 	0.000000	%	 	180+Days	 	 	0.000000	%	 	 	0.000000	%	 	180+ Days	 	 	0.000000	%	 	 	0.000000	%
	 
	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 
	 
	 	 	0.000000	%	 	 	0.000000	%	 	 	 	 	 	 	0.000000	%	 	 	0.000000	%	 	 	 	 	 	 	0.000000	%	 	 	0.000000	%
	 
	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 

[Additional columns below]

[Continued from above table, first column(s) repeated]

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	REO	 	TOTAL
	 	 	
	 	

	 	 	 	 	 	 	No. of	 	Principal	 	 	 	 	 	No. of	 	Principal
	 	 	 	 	 	 	Loans	 	Balance	 	 	 	 	 	Loans	 	Balance
	 	 	 	 	 	 	
	 	
	 	 	 	 	 	
	 	

	0-29Days
	 	0-29 Days	 	 	0.000000	%	 	 	0.000000	%	 	0-29 Days	 	 	0.000000	%	 	 	0.000000	%
	30 Days
	 	30 Days	 	 	0.000000	%	 	 	0.000000	%	 	30 Days	 	 	0.000000	%	 	 	0.000000	%
	60 Days
	 	60 Days	 	 	0.000000	%	 	 	0.000000	%	 	60 Days	 	 	0.000000	%	 	 	0.000000	%
	90 Days
	 	90 Days	 	 	0.000000	%	 	 	0.000000	%	 	90 Days	 	 	0.000000	%	 	 	0.000000	%
	120 Days
	 	120 Days	 	 	0.000000	%	 	 	0.000000	%	 	120 Days	 	 	0.000000	%	 	 	0.000000	%
	150 Days
	 	150 Days	 	 	0.000000	%	 	 	0.000000	%	 	150 Days	 	 	0.000000	%	 	 	0.000000	%
	180+ Days
	 	180+ Days	 	 	0.000000	%	 	 	0.000000	%	 	180+ Days	 	 	0.000000	%	 	 	0.000000	%
	 
	 	 	 	 	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 
	 
	 	 	 	 	 	 	0.000000	%	 	 	0.000000	%	 	 	 	 	 	 	0.000000	%	 	 	0.000000	%
	 
	 	 	 	 	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 

Group 2

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	DELINQUENT	BANKRUPTCY	FORECLOSURE
	
	
	

	 	 	No. of	 	Principal	 	 	 	 	 	No. of	 	Principal	 	 	 	 	 	No. of
	 	 	Loans	 	Balance	 	 	 	 	 	Loans	 	Balance	 	 	 	 	 	Loans
	 	 	
	 	
	 	 	 	 	 	
	 	
	 	 	 	 	 	

	0-29 Days
	 	 	0	 	 	 	0.00	 	 	0-29 Days	 	 	0	 	 	 	0.00	 	 	0-29 Days	 	 	0	 
	30 Days
	 	 	0	 	 	 	0.00	 	 	30 Days	 	 	0	 	 	 	0.00	 	 	30 Days	 	 	0	 
	60 Days
	 	 	0	 	 	 	0.00	 	 	60 Days	 	 	0	 	 	 	0.00	 	 	60 Days	 	 	0	 
	90 Days
	 	 	0	 	 	 	0.00	 	 	90 Days	 	 	0	 	 	 	0.00	 	 	90 Days	 	 	0	 
	120 Days
	 	 	0	 	 	 	0.00	 	 	120 Days	 	 	0	 	 	 	0.00	 	 	120 Days	 	 	0	 
	150 Days
	 	 	0	 	 	 	0.00	 	 	150 Days	 	 	0	 	 	 	0.00	 	 	150 Days	 	 	0	 
	180+ Days
	 	 	0	 	 	 	0.00	 	 	180+ Days	 	 	0	 	 	 	0.00	 	 	180+ Days	 	 	0	 
	 
	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 
	 
	 	 	0	 	 	 	0.00	 	 	 	 	 	 	 	0	 	 	 	0.00	 	 	 	 	 	 	 	0	 

[Additional columns below]

[Continued from above table, first column(s) repeated]

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	FORECLOSURE	 	REO	 	 	 	 	 	TOTAL
	 	 	
	 	
	 	 	 	 	 	

	 	 	Principal	 	 	 	 	 	No. of	 	Principal	 	 	 	 	 	No. of	 	Principal
	 	 	Balance	 	 	 	 	 	Loans	 	Balance	 	 	 	 	 	Loans	 	Balance
	 	 	
	 	 	 	 	 	
	 	
	 	 	 	 	 	
	 	

	0-29 Days
	 	 	0.00	 	 	0-29 Days	 	 	0	 	 	 	0.00	 	 	0-29 Days	 	 	0	 	 	 	0.00	 
	30 Days
	 	 	0.00	 	 	30 Days	 	 	0	 	 	 	0.00	 	 	30 Days	 	 	0	 	 	 	0.00	 
	60 Days
	 	 	0.00	 	 	60 Days	 	 	0	 	 	 	0.00	 	 	60 Days	 	 	0	 	 	 	0.00	 
	90 Days
	 	 	0.00	 	 	90 Days	 	 	0	 	 	 	0.00	 	 	90 Days	 	 	0	 	 	 	0.00	 
	120 Days
	 	 	0.00	 	 	120 Days	 	 	0	 	 	 	0.00	 	 	120 Days	 	 	0	 	 	 	0.00	 
	150 Days
	 	 	0.00	 	 	150 Days	 	 	0	 	 	 	0.00	 	 	150 Days	 	 	0	 	 	 	0.00	 
	180+ Days
	 	 	0.00	 	 	180+ Days	 	 	0	 	 	 	0.00	 	 	180+ Days	 	 	0	 	 	 	0.00	 
	 
	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 
	 
	 	 	0.00	 	 	 	 	 	 	 	0	 	 	 	0.00	 	 	 	 	 	 	 	0	 	 	 	0.00	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	No. of	 	Principal	 	 	 	 	 	No. of	 	Principal	 	 	 	 	 	No. of	 	Principal	 	No. of
	 	 	Loans	 	Balance	 	 	 	 	 	Loans	 	Balance	 	 	 	 	 	Loans	 	Balance	 	Loans
	 	 	
	 	
	 	 	 	 	 	
	 	
	 	 	 	 	 	
	 	
	 	

	0-29 Days
	 	 	0.000000	%	 	 	0.000000	%	 	0-29 Days	 	 	0.000000	%	 	 	0.000000	%	 	0-29 Days	 	 	0.000000	%	 	 	0.000000	%	 	0-29 Days
	30 Days
	 	 	0.000000	%	 	 	0.000000	%	 	30 Days	 	 	0.000000	%	 	 	0.000000	%	 	30 Days	 	 	0.000000	%	 	 	0.000000	%	 	30 Days
	60 Days
	 	 	0.000000	%	 	 	0.000000	%	 	60 Days	 	 	0.000000	%	 	 	0.000000	%	 	60 Days	 	 	0.000000	%	 	 	0.000000	%	 	60 Days
	90 Days
	 	 	0.000000	%	 	 	0.000000	%	 	90 Days	 	 	0.000000	%	 	 	0.000000	%	 	90 Days	 	 	0.000000	%	 	 	0.000000	%	 	90 Days
	120 Days
	 	 	0.000000	%	 	 	0.000000	%	 	120 Days	 	 	0.000000	%	 	 	0.000000	%	 	120 Days	 	 	0.000000	%	 	 	0.000000	%	 	120 Days
	150 Days
	 	 	0.000000	%	 	 	0.000000	%	 	150 Days	 	 	0.000000	%	 	 	0.000000	%	 	150 Days	 	 	0.000000	%	 	 	0.000000	%	 	150 Days
	180+ Days
	 	 	0.000000	%	 	 	0.000000	%	 	180+ Days	 	 	0.000000	%	 	 	0.000000	%	 	180+ Days	 	 	0.000000	%	 	 	0.000000	%	 	180+ Days
	 
	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 	 	 	 	 
	 
	 	 	0.000000	%	 	 	0.000000	%	 	 	 	 	 	 	0.000000	%	 	 	0.000000	%	 	 	 	 	 	 	0.000000	%	 	 	0.000000	%	 	 	 	 
	 
	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 	 	 	 	 

[Additional columns below]

[Continued from above table, first column(s) repeated]

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	No. of	 	Principal	 	No. of	 	Principal
	 	 	Loans	 	Balance	 	Loans	 	Balance
	 	 	
	 	
	 	
	 	

	0-29 Days
	 	 	0.000000	%	 	 	0.000000	%	 	0-29 Days	 	 	0.000000	%	 	 	0.000000	%
	30 Days
	 	 	0.000000	%	 	 	0.000000	%	 	30 Days	 	 	0.000000	%	 	 	0.000000	%
	60 Days
	 	 	0.000000	%	 	 	0.000000	%	 	60 Days	 	 	0.000000	%	 	 	0.000000	%
	90 Days
	 	 	0.000000	%	 	 	0.000000	%	 	90 Days	 	 	0.000000	%	 	 	0.000000	%
	120 Days
	 	 	0.000000	%	 	 	0.000000	%	 	120 Days	 	 	0.000000	%	 	 	0.000000	%
	150 Days
	 	 	0.000000	%	 	 	0.000000	%	 	150 Days	 	 	0.000000	%	 	 	0.000000	%
	180+ Days
	 	 	0.000000	%	 	 	0.000000	%	 	180+ Days	 	 	0.000000	%	 	 	0.000000	%
	 
	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 
	 
	 	 	0.000000	%	 	 	0.000000	%	 	 	 	 	 	 	0.000000	%	 	 	0.000000	%
	 
	 	 	
	 	 	 	
	 	 	 	 	 	 	 	
	 	 	 	
	 

 

 

Collateral Statement

	 	 	 	 	 
	Collateral Description
	 	Fixed Mixed & ARM & Balloon
	Weighted Average Gross Coupon
	 	 	3.478494	%
	Weighted Average Net Coupon
	 	 	3.178494	%
	Weighted Average Pass-Through Rate
	 	 	3.173493	%
	Weighted Average Maturity (Stepdown Calculation)
	 	 	352	 
	Beginning Scheduled Collateral Loan Count
	 	 	405	 
	Number of Loans Paid in Full
	 	 	1	 
	Ending Scheduled Collateral Loan Count
	 	 	404	 
	Beginning Scheduled Collateral Balance
	 	 	374,636,575.56	 
	Ending Scheduled Collateral Balance
	 	 	373,598,789.78	 
	Ending Actual Collateral Balance at 28-Feb-2003
	 	 	373,598,789.78	 
	Monthly P&I Constant
	 	 	1,127,832.02	 
	Special Servicing Fee
	 	 	0.00	 
	Prepayment Penalties
	 	 	0.00	 
	Realization Loss Amount
	 	 	0.00	 
	Cumulative Realized Loss
	 	 	0.00	 
	Ending Scheduled Balance for Premium Loans
	 	 	373,598,789.78	 
	Scheduled Principal
	 	 	41,856.21	 
	Unscheduled Principal
	 	 	995,929.57	 

Miscellaneous Reporting

	 	 	 	 	 
	Senior Percentage
	 	 	100.000000	%
	Senior Percentage Group 1
	 	 	100.000000	%
	Senior Percentage Group 2
	 	 	100.000000	%
	Senior Prepayment Percentage
	 	 	100.000000	%
	Senior Prepayment Percentage Group 1
	 	 	100.000000	%
	Senior Prepayment Percentage Group 2
	 	 	100.000000	%
	Subordinate Percentage
	 	 	0.000000	%
	Subordinate Percentage Group 1
	 	 	0.000000	%
	Subordinate Percentage Group 2
	 	 	0.000000	%

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Group	 	1	 	2	 	Total
	
	 	
	 	
	 	

	Collateral Description
	 	Fixed 15/30 & ARM	 	Fixed 15/30 & ARM	 	Fixed Mixed & ARM & B
	Weighted Average Coupon Rate
	 	 	5.192296	 	 	 	3.152426	 	 	 	3.478494	 
	Weighted Average Net Rate
	 	 	4.892296	 	 	 	2.852426	 	 	 	3.178494	 
	Pass-Through Rate
	 	 	4.887296	 	 	 	2.847426	 	 	 	3.173493	 
	Weighted Average Maturity
	 	 	354	 	 	 	350	 	 	 	352	 
	Record Date
	 	 	02/28/2003	 	 	 	02/28/2003	 	 	 	02/28/2003	 
	Principal and Interest Constant
	 	 	266,500.43	 	 	 	861,331.59	 	 	 	1,127,832.02	 
	Beginning Loan Count
	 	 	73	 	 	 	332	 	 	 	405	 
	Loans Paid in Full
	 	 	0	 	 	 	1	 	 	 	1	 
	Ending Loan Count
	 	 	73	 	 	 	331	 	 	 	404	 
	Beginning Scheduled Balance
	 	 	59,884,699.03	 	 	 	314,751,876.53	 	 	 	374,636,575.56	 
	Ending Scheduled Balance
	 	 	59,261,066.47	 	 	 	314,337,723.31	 	 	 	373,598,789.78	 
	Scheduled Principal
	 	 	7,384.54	 	 	 	34,471.67	 	 	 	41,856.21	 
	Unscheduled Principal
	 	 	616,248.02	 	 	 	379,681.55	 	 	 	995,929.57	 
	Scheduled Interest
	 	 	259,115.89	 	 	 	826,859.92	 	 	 	1,085,975.81	 
	Servicing Fee
	 	 	14,971.17	 	 	 	78,687.97	 	 	 	93,659.14	 
	Master Servicing Fee
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	Trustee Fee
	 	 	249.51	 	 	 	1,311.46	 	 	 	1,560.97	 
	FRY Amount
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	Special Hazard Fee
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	Other Fee
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	Pool Insurance Fee
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	Spread 1
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	Spread 2
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	Spread 3
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	Net Interest
	 	 	243,895.21	 	 	 	746,860.49	 	 	 	990,755.70	 
	Realized Loss Amount
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	Cumulative Realized Loss
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	Percentage of Cumulative Losses
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	Prepayment Penalties
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	Special Servicing Fee
	 	 	0.00	 	 	 	0.00	 	 	 	0.00<PAGE>
                                                                     EXHIBIT 4.5

                        FORM OF SUBSCRIPTION CERTIFICATE

       THE TERMS AND CONDITIONS OF THE RIGHTS OFFERING ARE SET FORTH IN
           THE COMPANY'S PROSPECTUS DATED, FEBRUARY ____, 2003 (THE
           "PROSPECTUS") AND ARE INCORPORATED HEREIN BY REFERENCE.
           COPIES OF THE PROSPECTUS ARE AVAILABLE UPON REQUEST FROM
         COMPUTERSHARE TRUST COMPANY, INC. AS THE SUBSCRIPTION AGENT.

STOCKHOLDER NAME AND ADDRESS:

                  <<NAME1>>

                  <<NAME2>>

                  <<NAME3>>

                  <<NAME4>>

                  <<NAME5>>

                  <<NAME6>>

CERTIFICATE NO.:   <<CERTNO>>

                        CERTIFICATE FOR <<SHARES>> RIGHTS

                                  NAVIDEC, INC.
              INCORPORATED UNDER THE LAWS OF THE STATE OF COLORADO

                            SUBSCRIPTION CERTIFICATE

      EVIDENCING <<SHARES>> TRANSFERABLE SUBSCRIPTION RIGHTS TO PURCHASE A
        COMPARABLE NUMBER OF SHARES OF THE COMMON STOCK OF NAVIDEC, INC.

                       SUBSCRIPTION PRICE: $1.80 PER SHARE

                VOID IF NOT EXERCISED BEFORE THE EXPIRATION DATE
                         (AS DEFINED IN THE PROSPECTUS)

REGISTERED OWNER:

      THIS CERTIFIES THAT the registered owner whose name is inscribed herein is
the owner of the number of Subscription Rights set forth above, each of which
entitles the owner to subscribe for and purchase one share of the Common Stock,
no par value (the "Common Stock"), of Navidec, Inc., a Colorado corporation (the
"Company"), on the terms and subject to the conditions set forth in the
Company's Prospectus dated April ____, 2003, and instructions relating thereto
on the reverse side hereof. The Subscription Rights represented by this
Subscription Certificate may be exercised by duly completing Section 1 on the
reverse side hereof. Special issuance or delivery instructions may be specified
by completing Section 2 on the reverse side hereof.

      SUCH SUBSCRIPTION RIGHTS MAY NOT BE EXERCISED UNLESS THE REVERSE SIDE
HEREOF IS COMPLETED AND SIGNED.

Dated: April ____, 2003

J. Ralph Armijo                                 Patrick Mawhinney
President and Chief Executive Officer           Secretary

                                                      Countersigned By:
                                                Computershare Trust Company,Inc.

                                                --------------------------------
<PAGE>
                    SECTION 1 - EXERCISE AND SUBSCRIPTION

BASIC AND OVER SUBSCRIPTION

The undersigned irrevocably exercises Subscription Rights to subscribe for
shares of the Company's Common Stock, as indicated below, on the terms and
subject to the conditions specified in the Company's Prospectus dated April
____, 2003, relating to the offering of such Subscription Rights, receipt of
which is hereby acknowledged.

      (a)   Number of shares of the Company's Common Stock subscribed for
            pursuant to the Basic Subscription Privilege:_______________________

      (b)   Number of shares of the Company's Common Stock subscribed for
            pursuant to the Over-Subscription Privilege:_______________________

YOU MAY NOT EXERCISE THE OVER-SUBSCRIPTION PRIVILEGE UNLESS YOUR BASIC
SUBSCRIPTION PRIVILEGE HAS BEEN EXERCISED IN FULL.

      (c)   Total Subscription Price (total number of shares subscribed for
            pursuant to both the Basic Subscription Privilege plus the
            Over-Subscription Privilege multiplied by the Subscription Price of
            $1.80 per share): $___________________.

METHOD OF PAYMENT (CHECK ONE)

|_|  Uncertified personal check, payable to Computershare Trust Company, Inc.,
     as Subscription Agent for NAVIDEC, INC. PLEASE NOTE THAT FUNDS PAID BY
     UNCERTIFIED PERSONAL CHECK MAY TAKE AT LEAST FIVE BUSINESS DAYS TO CLEAR.
     ACCORDINGLY, SUBSCRIPTION RIGHTS HOLDERS WHO WISH TO PAY THE PURCHASE PRICE
     BY MEANS OF AN UNCERTIFIED PERSONAL CHECK ARE URGED TO MAKE PAYMENT
     SUFFICIENTLY IN ADVANCE OF THE EXPIRATION DATE TO ENSURE THAT SUCH PAYMENT
     IS RECEIVED AND CLEARS BY THE EXPIRATION DATE, AND ARE URGED TO CONSIDER
     PAYMENT BY MEANS OF A CERTIFIED OR BANK CHECK, MONEY ORDER OR WIRE TRANSFER
     OF IMMEDIATELY AVAILABLE FUNDS.

|_|  Certified check or bank check drawn on a U.S. bank or money order,
     payable to Computershare Trust Company, Inc., as Subscription Agent for
     NAVIDEC, INC.

|_|  Wire transfer directed to the account maintained by Computershare Trust
     Company, Inc. at

                        Union Bank & Trust
                        100 Broadway
                        Denver, Colorado 80209
                        (303) 744-3221
                        ABA# 102000908
                        Credit Account # 85-02961
                        Account Name:  Computershare Trust Company, Inc.
                                       AST Escrow Agent

If the amount enclosed or transmitted is not sufficient to pay the purchase
price for all shares of Common Stock that are stated to be subscribed for, or if
the number of shares of Common Stock being subscribed for is not specified, the
number of shares of Common Stock subscribed for will be assumed to be the
maximum number that could be subscribed for upon payment of such amount. If the
amount enclosed or transmitted exceeds the purchase price for all shares of
Common Stock that the undersigned has the right to subscribe for under the Basic
Subscription Privilege plus the Over-Subscription Privilege (such excess amount,
the "Subscription Excess"), the Subscription Agent shall return the Subscription
Excess to the subscriber without interest or deduction.
<PAGE>
Acknowledgement of Solicitation by Broker-Dealer

The Company has agreed with certain Broker-Dealers that they will receive a 5%
commission for assisting the Company by soliciting the exercise of the Rights.
Please complete the following:

(a)   Did a Broker-Dealer contact you and assist you with the exercise of
your rights?
            / / Yes       / / No

(b)   If yes, what is the name of the Broker-Dealer?

<PAGE>

           SECTION 2 -- SPECIAL ISSUANCE OR DELIVERY INSTRUCTIONS FOR
                          SUBSCRIPTION RIGHTS HOLDERS:

To be completed ONLY if the certificate representing the Common Stock is to be
issued in a name other than that of the registered holder or is to be sent to an
address other than that shown above. (See the Instructions included with this
Rights Certificate.) DO NOT FORGET TO COMPLETE THE GUARANTEE OF SIGNATURE(S)
SECTION BELOW.

Please issue the certificate representing the Common Stock in the following name
and/or deliver to the following address:

Name:                                Soc. Sec. #/Tax ID #:
     ---------------------------                           ---------------------

Address:
         -----------------------------------------------------------------------

         -----------------------------------------------------------------------

                  ACKNOWLEDGMENT -- THE SUBSCRIPTION ORDER FORM
                       IS NOT VALID UNLESS YOU SIGN BELOW

I/We acknowledge receipt of the Prospectus and understand that after delivery of
this Subscription Certificate to the Company's Subscription Agent, I/we may not
modify or revoke this Subscription Certificate. Under penalties of perjury, I/we
certify that the information contained herein, including the social security
number or taxpayer identification number given above, is correct. If the Special
Issuance or Delivery Instructions for Subscription Rights Holders are completed,
I/we certify that although the certificate representing the Common Stock is to
be issued in a name other than the registered holder, beneficial ownership of
the Common Stock will not change.

The signature below must correspond with the name of the registered holder
exactly as it appears on the books of the Company's transfer agent without any
alteration or change whatsoever.

Subscriber's Signature(s):                              Date:
                            --------------------------        ------------------

                                                        Date:
                            --------------------------        ------------------

If signature is by trustee(s), executor(s), administrator(s), guardian(s),
attorney(s)-in-fact, agent(s), officer(s) of a corporation or another acting in
a fiduciary or representative capacity, please provide the following information
(please print). (See the Instructions included with this Rights Certificate.)

Name:                        Capacity:
     ---------------------            ------------------------------------------

Address:                                   Phone:
         -------------------------------          ------------------------------

                                           Soc. Sec. # or Tax ID #:
----------------------------------------                            ------------

                            GUARANTEE OF SIGNATURE(S)

All Subscription Rights Holders who specify special issuance or delivery
instructions must have their signatures guaranteed by an Eligible Institution,
as defined in Rule 17Ad-15 of the Securities Exchange Act of 1934, as amended.
(See the Instructions.)

Signature Guaranteed by: _________________________________________________
                                      Eligible Institution

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00050-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00050-of-00352.parquet"}]]