Document:

exv10w1w4

 

FOURTH AMENDMENT TO

SECOND AMENDED AND RESTATED

AGREEMENT OF LIMITED PARTNERSHIP

OF FELCOR LODGING LIMITED PARTNERSHIP

     This Fourth Amendment (the “Amendment”) to the Second Amended and Restated
Agreement of Limited Partnership of FELCOR LODGING LIMITED PARTNERSHIP, a
Delaware limited partnership (the “Partnership”), is made and entered into as
of July 1, 2003, by FelCor Lodging Trust Incorporated, a Maryland corporation
(the “General Partner”).

RECITALS:

     WHEREAS, the General Partner and the existing Limited Partners (as defined
in the L.P. Agreement) have previously executed and delivered that certain
Second Amended and Restated Agreement of Limited Partnership of FelCor Lodging
Limited Partnership dated as of December 31, 2001, as previously amended and
supplemented to date (the “L.P. Agreement”), forming FelCor Lodging Limited
Partnership, a Delaware limited partnership;

     WHEREAS, the General Partner desires to amend the L.P. Agreement as set
forth herein;

     WHEREAS, the General Partner believes that the Amendment set forth herein
does not adversely affect the Limited Partners in any material respect and,
pursuant to Section 15.1(d) of the L.P. Agreement, the General Partner has the
authority to amend the L.P. Agreement.

     NOW, THEREFORE, in consideration of the mutual covenants set forth herein
and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto hereby agree that the L.P.
Agreement shall be amended as set forth below:

     1. Definitions. Unless otherwise defined herein, initially capitalized
terms used without definition in this Amendment shall have the meanings set
forth for such terms in the L.P. Agreement.

     2. Term. Article I, Section 1.5 of the L.P. Agreement is hereby amended
to read in its entirety as follows:

     “1.5 Term. This Agreement shall be effective and the Partnership shall
commence as of the effective date of this Agreement, and shall continue in
perpetuity unless terminated in accordance with the provisions of Article XIV.”

     3. Dissolution. Article XIV, Section 14.1 of the L.P. Agreement is hereby
amended to read in its entirety as follows:

     “14.1 Dissolution. The Partnership shall not be dissolved by the
admission of a Substituted Limited Partner or by the admission of a successor
General Partner in accordance

 

 

with the terms of this Agreement. Upon the removal or withdrawal of the General
Partner, any successor General Partner shall continue the business of the
Partnership. The Partnership shall dissolve, and its affairs should be wound
up, upon, the first to occur of any of the following:

     (a) an election to dissolve the Partnership by a Limited Partner, at any
time after December 31, 2044;

     (b) an Event of Withdrawal of the General Partner as provided in Section
12.1(a), unless a successor is named as provided in Section 12.1(b);

     (c) an election to dissolve the Partnership by the General Partner;

     (d) entry of a decree of judicial dissolution of the Partnership pursuant
to the provisions of the Delaware Act;

     (e) the sale of all or substantially all of the assets and properties of
the Partnership; or
the redemption of all Limited Partner Interests (other than any of such
interests held by the General Partner).

     4. Effect Upon L.P. Agreement. Except as expressly amended hereby, the L.P.
Agreement shall remain in full force and effect and the General Partner hereby
reaffirms the terms and provisions thereof.

     5. Counterpart. This Amendment may be executed in any number of counterparts
with the same effect as if all signing parties had signed the same document.
All counterparts shall be construed together and constitute the same
instrument.

[Signatures Follow on Next Page]

 

 

     IN WITNESS WHEREOF, the parties hereto have caused this document to be
executed by officers thereunto duly authorized as of the date first written
above.

	 	 	 	 	 
	GENERAL PARTNER:	 	 
	 
	 	 	 	 
	FELCOR LODGING TRUST INCORPORATED,

a Maryland corporation	 	 
	 
	 	 	 	 
	By:

	 	/s/ Lawrence D. Robinson
	 	 
	

	 	
 	 	 
	

	 	Name: Lawrence D. Robinson	 	 
	

	 	Title: Executive Vice President, General Counsel
and Secretaryexv10w1w5

 

FIFTH AMENDMENT TO

SECOND AMENDED AND RESTATED

AGREEMENT OF LIMITED PARTNERSHIP

OF FELCOR LODGING LIMITED PARTNERSHIP

     This Fifth Amendment to Second Amended and Restated Agreement of Limited
Partnership of FelCor Lodging Limited Partnership (the “Partnership”) is made
and entered into effective as of April 2, 2004, by and among FelCor Lodging
Trust Incorporated, a Maryland corporation, as the General Partner (the
“General Partner”) and all of the persons and entities who are, or shall in the
future become, Limited Partners of the Partnership in accordance with the
provisions of the Partnership Agreement (as hereinafter defined).

RECITALS:

     A. The General Partner and the existing Limited Partners (the General
Partner and the Limited Partners, collectively, referred to herein as the
“Partners”) have previously executed and delivered that certain Second Amended
and Restated Agreement of Limited Partnership of FelCor Lodging Limited
Partnership, dated as of December 31, 2001, as amended (as amended, herein
referred to as the “Partnership Agreement”), and the Partnership Agreement
governs the Partnership.

     B. The General Partner has previously designated and established a class
of Partnership Units (as defined in the Agreement) as Series A Cumulative
Convertible Preferred Units (the “Series A Preferred Units”) pursuant to
Addendum No. 2 to the Partnership Agreement (the “Addendum”).

     C. Pursuant to Sections 1.4 and 4.6 of the Partnership Agreement, the
General Partner is authorized to issue such additional Partnership Units for
any Partnership purpose, at any time or from time to time, to the Partners or
to other persons for such consideration and on such terms and conditions as
shall be established by the General Partner in its sole discretion.

     D. The General Partner desires to exercise such authority by amending the
Addendum as provided herein to increase the number of Series A Preferred Units
authorized under the Partnership Agreement.

AGREEMENTS:

     NOW, THEREFORE, in consideration of the agreements and obligations of the
parties set forth herein and of other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereby
agree as follows:

     1. Amendment of Partnership Agreement. Section 2 of the Addendum is
hereby amended to increase the number of Series A Preferred Units authorized
thereunder from 6,900,000 Series A Preferred Units to 10,650,000 Series A
Preferred Units.

     2. Terms of Series A Preferred Units. The additional Series A Preferred
Units shall have the preferences, conversion and other rights, voting powers,
restrictions, limitations as to

 

 

dividends, qualifications, and terms and conditions of redemption that are
applicable to the existing Series A Preferred Units as provided in the
Addendum, except that, notwithstanding the provisions of Section 3.2(a) of the
Addendum relating to the date from which the dividends shall be cumulative,
dividends on such additional Series A Preferred Units shall be cumulative from
January 1, 2004.

     3. Defined Terms: Effect Upon Partnership Agreement. All initially
capitalized terms used without definition herein shall have the meanings set
forth therefor in the Partnership Agreement. Except as expressly amended
hereby, the Partnership Agreement shall remain in full force and effect and
each of the parties hereto hereby reaffirms the terms and provisions thereof.

[Signature page follows]

-2-

 

     IN WITNESS WHEREOF, this Fifth Amendment to Second Amended and Restated
Agreement of Limited Partnership is executed and entered into as of the date
first above written.

	 	 	 	 	 
	 	 	GENERAL PARTNER:
	 
	 	 	 	 
	 	 	FELCOR LODGING TRUST INCORPORATED,

a Maryland corporation
	 
	 	 	 	 
	

	 	By:
	 	/s/ Lawrence D. Robinson
	

	 	 	 	
 
	

	 	 	 	Lawrence D. Robinson, Executive Vice President
	 
	 	 	 	 
	 	 	LIMITED PARTNERS (for all the Limited
Partners now and hereafter admitted as
Limited Partners of the Partnership,
pursuant to the powers of attorney in favor
of the General Partner contained in Section
1.4 of the Partnership Agreement):

	 	 	 	 	 
	

	 	By:
	 	FELCOR LODGING TRUST INCORPORATED,

acting as General Partner and as duly
authorized attorney-in-fact
	 
	 	 	 	 
	

	 	 
	By:	/s/ Lawrence D. Robinson
	

	 	 	 	
 
	

	 	 	 	Lawrence D. Robinson, Executive Vice Presidentexv10w1

 

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

SMT SERIES 2003-1

Record Date: March 31, 2004

Distribution Date: April 20, 2004

Certificateholder Distribution Summary

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Certificate	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Certificate	 	Pass-	 	Beginning	 	 	 	 	 	 	 	 	 	Current	 	Ending	 	 	 	 	 	Cumulative
	 	 	 	 	Class	 	Through	 	Certificate	 	Interest	 	Principal	 	Realized	 	Certificate	 	Total	 	Realized
	Class
	 	CUSIP
	 	Description
	 	Rate
	 	Balance
	 	Distribution
	 	Distribution
	 	Loss
	 	Balance
	 	Distribution
	 	Loss

	1A
	 	81743PAA4	 	SEN	 	 	1.47000	%	 	 	688,855,813.54	 	 	 	843,848.37	 	 	 	10,067,901.61	 	 	 	0.00	 	 	 	678,787,911.93	 	 	 	10,911,749.98	 	 	 	0.00	 
	2A
	 	81743PAB2	 	SEN	 	 	1.57000	%	 	 	164,596,584.75	 	 	 	215,347.20	 	 	 	3,986,554.52	 	 	 	0.00	 	 	 	160,610,030.23	 	 	 	4,201,901.72	 	 	 	0.00	 
	X-1A
	 	81743PAC0	 	IO	 	 	0.92975	%	 	 	0.00	 	 	 	122,570.14	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	122,570.14	 	 	 	0.00	 
	X-1B
	 	81743PAD8	 	IO	 	 	1.19161	%	 	 	0.00	 	 	 	526,946.70	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	526,946.70	 	 	 	0.00	 
	X-2
	 	81743PAE6	 	IO	 	 	1.10198	%	 	 	0.00	 	 	 	151,151.06	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	151,151.06	 	 	 	0.00	 
	X-B
	 	81743PAF3	 	IO	 	 	0.64503	%	 	 	0.00	 	 	 	8,549.28	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	8,549.28	 	 	 	0.00	 
	A-R
	 	81743PAG1	 	R	 	 	2.74362	%	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	B-1
	 	81743PAH9	 	SUB	 	 	1.97000	%	 	 	15,905,000.00	 	 	 	26,110.71	 	 	 	0.00	 	 	 	0.00	 	 	 	15,905,000.00	 	 	 	26,110.71	 	 	 	0.00	 
	B-2
	 	81743PAJ5	 	SUB	 	 	2.61503	%	 	 	8,210,000.00	 	 	 	17,891.14	 	 	 	0.00	 	 	 	0.00	 	 	 	8,210,000.00	 	 	 	17,891.14	 	 	 	0.00	 
	B-3
	 	81743PAK2	 	SUB	 	 	2.61503	%	 	 	5,644,000.00	 	 	 	12,299.34	 	 	 	0.00	 	 	 	0.00	 	 	 	5,644,000.00	 	 	 	12,299.34	 	 	 	0.00	 
	B-4
	 	SEQ0301B4	 	SUB	 	 	2.61503	%	 	 	2,565,000.00	 	 	 	5,589.62	 	 	 	0.00	 	 	 	0.00	 	 	 	2,565,000.00	 	 	 	5,589.62	 	 	 	0.00	 
	B-5
	 	SEQ0301B5	 	SUB	 	 	2.61503	%	 	 	1,539,000.00	 	 	 	3,353.77	 	 	 	0.00	 	 	 	0.00	 	 	 	1,539,000.00	 	 	 	3,353.77	 	 	 	0.00	 
	B-6
	 	SEQ0301B6	 	SUB	 	 	2.61503	%	 	 	4,105,618.00	 	 	 	8,946.91	 	 	 	0.00	 	 	 	0.00	 	 	 	4,105,618.00	 	 	 	8,946.91	 	 	 	0.00	 
	 
	 	
 	 	
 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	Totals
	 	 	 	 	 	 	 	 	 	 	891,421,016.92	 	 	 	1,942,604.24	 	 	 	14,054,456.13	 	 	 	0.00	 	 	 	877,366,560.16	 	 	 	15,997,060.37	 	 	 	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

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Original	 	Beginning	 	Scheduled	 	Unscheduled	 	 	 	 	 	Realized	 	Total	 	Ending	 	Ending	 	Total
	 	 	Face	 	Certificate	 	Principal	 	Principal	 	 	 	 	 	Loss	 	Principal	 	Certificate	 	Certificate	 	Principal
	Class
	 	Amount
	 	Balance
	 	Distribution
	 	Distribution
	 	Accretion
	 	(1)
	 	Reduction
	 	Balance
	 	Percentage
	 	Distribution

	1A
	 	 	798,206,000.00	 	 	 	688,855,813.54	 	 	 	291.95	 	 	 	10,067,609.66	 	 	 	0.00	 	 	 	0.00	 	 	 	10,067,901.61	 	 	 	678,787,911.93	 	 	 	0.95039189	 	 	 	10,067,901.61	 
	2A
	 	 	190,000,000.00	 	 	 	164,596,584.75	 	 	 	28.80	 	 	 	3,986,525.72	 	 	 	0.00	 	 	 	0.00	 	 	 	3,986,554.52	 	 	 	160,610,030.23	 	 	 	0.84531595	 	 	 	3,986,554.52	 
	X-1A
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00000000	 	 	 	0.00	 
	X-1B
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00000000	 	 	 	0.00	 
	X-2
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00000000	 	 	 	0.00	 
	X-B
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00000000	 	 	 	0.00	 
	A-R
	 	 	100.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00000000	 	 	 	0.00	 
	B-1
	 	 	15,905,000.00	 	 	 	15,905,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	15,905,000.00	 	 	 	1.00000000	 	 	 	0.00	 
	B-2
	 	 	8,210,000.00	 	 	 	8,210,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	8,210,000.00	 	 	 	1.00000000	 	 	 	0.00	 
	B-3
	 	 	5,644,000.00	 	 	 	5,644,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	5,644,000.00	 	 	 	1.00000000	 	 	 	0.00	 
	B-4
	 	 	2,565,000.00	 	 	 	2,565,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	2,565,000.00	 	 	 	1.00000000	 	 	 	0.00	 
	B-5
	 	 	1,539,000.00	 	 	 	1,539,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	1,539,000.00	 	 	 	1.00000000	 	 	 	0.00	 
	B-6
	 	 	4,105,618.00	 	 	 	4,105,618.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	4,105,618.00	 	 	 	1.00000000	 	 	 	0.00	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	Totals
	 	 	1,026,174,718.00	 	 	 	891,421,016.29	 	 	 	320.75	 	 	 	14,054,135.38	 	 	 	0.00	 	 	 	0.00	 	 	 	14,054,456.13	 	 	 	877,366,560.16	 	 	 	0.856498750	 	 	 	14,054,456.13	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 

	(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

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Original	 	Beginning	 	Scheduled	 	Unscheduled	 	 	 	 	 	Realized	 	Total	 	Ending	 	Ending	 	Total
	 	 	Face	 	Certificate	 	Principal	 	Principal	 	 	 	 	 	Loss	 	Principal	 	Certificate	 	Certificate	 	Principal
	Class
	 	Amount
	 	Balance
	 	Distribution
	 	Distribution
	 	Accretion
	 	(3)
	 	Reduction
	 	Balance
	 	Percentage
	 	Distribution

	1A
	 	 	798,206,000.00	 	 	 	863.00505576	 	 	 	0.00036576	 	 	 	12.61279627	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	12.61316203	 	 	 	850.39189373	 	 	 	0.85039189	 	 	 	12.61316203	 
	2A
	 	 	190,000,000.00	 	 	 	866.29781447	 	 	 	0.00015158	 	 	 	20.98171432	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	20.98186589	 	 	 	845.31594858	 	 	 	0.84531595	 	 	 	20.98186589	 
	X-1A
	 	 	0.00	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	X-1B
	 	 	0.00	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	X-2
	 	 	0.00	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	X-B
	 	 	0.00	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	A-R
	 	 	100.00	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 
	B-1
	 	 	15,905,000.00	 	 	 	1000.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	1000.00000000	 	 	 	1.00000000	 	 	 	0.00000000	 
	B-2
	 	 	8,210,000.00	 	 	 	1000.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	1000.00000000	 	 	 	1.00000000	 	 	 	0.00000000	 
	B-3
	 	 	5,644,000.00	 	 	 	1000.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	1000.00000000	 	 	 	1.00000000	 	 	 	0.00000000	 
	B-4
	 	 	2,565,000.00	 	 	 	1000.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	1000.00000000	 	 	 	1.00000000	 	 	 	0.00000000	 
	B-5
	 	 	1,539,000.00	 	 	 	1000.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	1000.00000000	 	 	 	1.00000000	 	 	 	0.00000000	 
	B-6
	 	 	4,105,618.00	 	 	 	1000.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	1000.00000000	 	 	 	1.00000000	 	 	 	0.00000000	 

	(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

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Payment	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Beginning	 	 	 	 	 	of	 	 	 	 	 	Non-	 	 	 	 	 	 	 	 	 	Remaining	 	Ending
	 	 	Original	 	Current	 	Certificate/	 	Current	 	Unpaid	 	Current	 	Supported	 	Realized	 	Total	 	Unpaid	 	Certificate/
	 	 	Face	 	Certificate	 	Notional	 	Accrued	 	Interest	 	Interest	 	Interest	 	Loss	 	Interest	 	Interest	 	Notational
	Class
	 	Amount
	 	Rate
	 	Balance
	 	Interest
	 	Shortfall
	 	Shortfall
	 	Shortfall
	 	(4)
	 	Distribution
	 	Shortfall
	 	Balance

	1A
	 	 	798,206,000.00	 	 	 	1.47000	%	 	 	688,855,813.54	 	 	 	843,848.37	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	843,848.37	 	 	 	0.00	 	 	 	678,787,911.93	 
	2A
	 	 	190,000,000.00	 	 	 	1.57000	%	 	 	164,596,584.75	 	 	 	215,347.20	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	215,347.20	 	 	 	0.00	 	 	 	160,610,030.23	 
	X-1A
	 	 	0.00	 	 	 	0.92975	%	 	 	158,197,203.14	 	 	 	122,570.14	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	122,570.14	 	 	 	0.00	 	 	 	156,420,738.96	 
	X-1B
	 	 	0.00	 	 	 	1.19161	%	 	 	530,658,611.39	 	 	 	526,946.70	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	526,946.70	 	 	 	0.00	 	 	 	522,367,173.96	 
	X-2
	 	 	0.00	 	 	 	1.10198	%	 	 	164,596,584.75	 	 	 	151,151.06	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	151,151.06	 	 	 	0.00	 	 	 	160,610,030.23	 
	X-B
	 	 	0.00	 	 	 	0.64503	%	 	 	15,905,000.00	 	 	 	8,549.28	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	8,549.28	 	 	 	0.00	 	 	 	15,905,000.00	 
	A-R
	 	 	100.00	 	 	 	2.74362	%	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	B-1
	 	 	15,905,000.00	 	 	 	1.97000	%	 	 	15,905,000.00	 	 	 	26,110.71	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	26,110.71	 	 	 	0.00	 	 	 	15,905,000.00	 
	B-2
	 	 	8,210,000.00	 	 	 	2.61503	%	 	 	8,210,000.00	 	 	 	17,891.14	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	17,891.14	 	 	 	0.00	 	 	 	8,210,000.00	 
	B-3
	 	 	5,644,000.00	 	 	 	2.61503	%	 	 	5,644,000.00	 	 	 	12,299.34	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	12,299.34	 	 	 	0.00	 	 	 	5,644,000.00	 
	B-4
	 	 	2,565,000.00	 	 	 	2.61503	%	 	 	2,565,000.00	 	 	 	5,589.62	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	5,589.62	 	 	 	0.00	 	 	 	2,565,000.00	 
	B-5
	 	 	1,539,000.00	 	 	 	2.61503	%	 	 	1,539,000.00	 	 	 	3,353.77	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	3,353.77	 	 	 	0.00	 	 	 	1,539,000.00	 
	B-6
	 	 	4,105,618.00	 	 	 	2.61503	%	 	 	4,105,618.00	 	 	 	8,946.91	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	8,946.91	 	 	 	0.00	 	 	 	4,105,618.00	 
	 
	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 	 	 	
 	 
	Totals
	 	 	1,026,174,718.00	 	 	 	 	 	 	 	 	 	 	 	1,942,604.24	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	1,942,604.24	 	 	 	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

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Payment	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Beginning	 	 	 	 	 	of	 	 	 	 	 	Non-	 	 	 	 	 	 	 	 	 	Remaining	 	Ending
	 	 	Original	 	Current	 	Certificate/	 	Current	 	Unpaid	 	Current	 	Supported	 	Realized	 	Total	 	Unpaid	 	Certificate/
	Class	 	Face	 	Certificate	 	Notional	 	Accrued	 	Interest	 	Interest	 	Interest	 	Loss	 	Interest	 	Interest	 	Notational
	(5)
	 	Amount
	 	Rate
	 	Balance
	 	Interest
	 	Shortfall
	 	Shortfall
	 	Shortfall
	 	(6)
	 	Distribution
	 	Shortfall
	 	Balance

	1A
	 	 	798,206,000.00	 	 	 	1.47000	%	 	 	863.00505576	 	 	 	1.05718119	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	1.05718119	 	 	 	0.00000000	 	 	 	850.39189373	 
	2A
	 	 	190,000,000.00	 	 	 	1.57000	%	 	 	866.29781447	 	 	 	1.13340632	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	1.13340632	 	 	 	0.00000000	 	 	 	845.31594858	 
	X-1A
	 	 	0.00	 	 	 	0.92975	%	 	 	863.62487590	 	 	 	0.66913081	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.66913081	 	 	 	0.00000000	 	 	 	853.92686211	 
	X-1B
	 	 	0.00	 	 	 	1.19161	%	 	 	862.82045191	 	 	 	0.85678510	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.85678510	 	 	 	0.00000000	 	 	 	849.33905043	 
	X-2
	 	 	0.00	 	 	 	1.10198	%	 	 	866.29781447	 	 	 	0.79553189	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.79553189	 	 	 	0.00000000	 	 	 	845.31594858	 
	X-B
	 	 	0.00	 	 	 	0.64503	%	 	 	1000.00000000	 	 	 	0.53752153	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.53752153	 	 	 	0.00000000	 	 	 	1000.00000000	 
	A-R
	 	 	100.00	 	 	 	2.74362	%	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.000000000	 
	B-1
	 	 	15,905,000.00	 	 	 	1.97000	%	 	 	1000.00000000	 	 	 	1.64166677	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	1.64166677	 	 	 	0.00000000	 	 	 	1000.00000000	 
	B-2
	 	 	8,210,000.00	 	 	 	2.61503	%	 	 	1000.00000000	 	 	 	2.17918879	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	2.17918879	 	 	 	0.00000000	 	 	 	1000.00000000	 
	B-3
	 	 	5,644,000.00	 	 	 	2.61503	%	 	 	1000.00000000	 	 	 	2.17918852	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	2.17918852	 	 	 	0.00000000	 	 	 	1000.00000000	 
	B-4
	 	 	2,565,000.00	 	 	 	2.61503	%	 	 	1000.00000000	 	 	 	2.17918908	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	2.17918908	 	 	 	0.00000000	 	 	 	1000.00000000	 
	B-5
	 	 	1,539,000.00	 	 	 	2.61503	%	 	 	1000.00000000	 	 	 	2.17918778	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	2.17918778	 	 	 	0.00000000	 	 	 	1000.00000000	 
	B-6
	 	 	4,105,618.00	 	 	 	2.61503	%	 	 	1000.00000000	 	 	 	2.17918715	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	0.00000000	 	 	 	2.17918715	 	 	 	0.00000000	 	 	 	1000.00000000	 

	(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
	 	 	16,284,694.04	 
	Liquidations, Insurance Proceeds, Reserve Funds
	 	 	0.00	 
	Proceeds from Repurchased Loans
	 	 	0.00	 
	Other Amounts (Servicer Advances)
	 	 	1,868.97	 
	Realized Losses
	 	 	0.00	 
	Prepayment Penalties
	 	 	0.00	 
	 
	 	 	
 	 
	Total Deposits
	 	 	16,286,563.01	 
	Withdrawals
	 	 	 	 
	Reimbursement for Servicer Advances
	 	 	1,868.97	 
	Payment of Service Fee
	 	 	287,633.65	 
	Payment of Interest and Principal
	 	 	15,997,060.39	 
	 
	 	 	
 	 
	Total Withdrawals (Pool Distribution Amount)
	 	 	16,286,563.01	 
	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
	 	 	280,205.14	 
	Master Servicing Fee
	 	 	7,428.51	 
	Supported Prepayment/Curtailment Interest Shortfall
	 	 	0.00	 
	 
	 	 	
 	 
	Net Servicing Fee
	 	 	287,633.65	 
	 
	 	 	
 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Account Type
	 	Beginning Balance
	 	Current Withdrawals
	 	Current Deposits
	 	Ending Balance

	Class X-1 Reserve Fund Sub Account
	 	 	5,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	5,000.00	 
	Class X-2 Reserve Fund Sub Account
	 	 	2,500.00	 	 	 	0.00	 	 	 	0.00	 	 	 	2,500.00	 
	Class X-B Reserve Fund Sub Account
	 	 	2,500.00	 	 	 	0.00	 	 	 	0.00	 	 	 	2,500.00	 

Loan Status Stratification/Credit Enhancement Statement

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	DELINQUENT
	 	BANKRUPTCY
	 	FORECLOSURE
	 	REO
	 	TOTAL

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

	0-29 Days

	 	 	0	 	 	 	0.00	 	 	0-29 Days
	 	 	0	 	 	 	0.00	 	 	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	 	 	30 Days
	 	 	0	 	 	 	0.00	 	 	30 Days
	 	 	0	 	 	 	0.00	 
	60 Days

	 	 	1	 	 	 	499,843.75	 	 	60 Days
	 	 	0	 	 	 	0.00	 	 	60 Days
	 	 	0	 	 	 	0.00	 	 	60 Days
	 	 	0	 	 	 	0.00	 	 	60 Days
	 	 	1	 	 	 	499,843.75	 
	90 Days

	 	 	0	 	 	 	0.00	 	 	90 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	 	 	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	 	 	150 Days
	 	 	0	 	 	 	0.00	 	 	150 Days
	 	 	0	 	 	 	0.00	 
	180+ Days

	 	 	1	 	 	 	280,250.00	 	 	180+ Days
	 	 	0	 	 	 	0.00	 	 	180+ Days
	 	 	0	 	 	 	0.00	 	 	180+ Days
	 	 	0	 	 	 	0.00	 	 	180+ Days
	 	 	1	 	 	 	280,250.00	 
	

	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 
	

	 	 	2	 	 	 	780,093.75	 	 	 	 	 	0	 	 	 	0.00	 	 	 	 	 	0	 	 	 	0.00	 	 	 	 	 	0	 	 	 	0.00	 	 	 	 	 	2	 	 	 	780,093.75	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	

	 	No. of
	 	Principal
	 	 	 	No. of
	 	Principal
	 	 	 	No. of
	 	Principal
	 	 	 	No. of
	 	Principal
	 	 	 	No. of
	 	Principal

	

	 	Loans
	 	Balance
	 	 	 	Loans
	 	Balance
	 	 	 	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	%	 	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	%	 	30 Days
	 	 	0.000000	%	 	 	0.000000	%	 	30 Days
	 	 	0.000000	%	 	 	0.000000	%
	60 Days

	 	 	0.039651	%	 	 	0.056971	%	 	60 Days
	 	 	0.000000	%	 	 	0.000000	%	 	60 Days
	 	 	0.000000	%	 	 	0.000000	%	 	60 Days
	 	 	0.000000	%	 	 	0.000000	%	 	60 Days
	 	 	0.039651	%	 	 	0.056971	%
	90 Days

	 	 	0.000000	%	 	 	0.000000	%	 	90 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	%	 	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	%	 	150 Days
	 	 	0.000000	%	 	 	0.000000	%	 	150 Days
	 	 	0.000000	%	 	 	0.000000	%
	180+ Days

	 	 	0.039651	%	 	 	0.031942	%	 	180+ Days
	 	 	 0.000000	%	 	 	0.000000	%	 	180+ Days
	 	 	 0.000000	%	 	 	0.000000	%	 	180+ Days
	 	 	0.000000	%	 	 	0.000000	%	 	180+ Days
	 	 	 0.039651	%	 	 	0.031942	%
	

	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 
	

	 	 	0.079302	%	 	 	0.088913	%	 	 	 	 	0.000000	%	 	 	0.000000	%	 	 	 	 	0.000000	%	 	 	0.000000	%	 	 	 	 	0.000000	%	 	 	0.000000	%	 	 	 	 	0.079302	%	 	 	0.088913	%

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Current Period Class A Insufficient Funds:

	 	 	0.00	 	 	Principal Balance of Contaminated Properties
	 	 	0.00	 	 	Periodic Advance
	 	 	1,868.97	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Original $
	 	Original%
	 	Current $
	 	Current %
	 	Current Class %
	 	Prepayment %

	Class A
	 	 	1,026,174,618.00	 	 	 	99.99999026	%	 	 	877,366,560.16	 	 	 	100.00000000	%	 	 	95.672434	%	 	 	0.000000	%
	Class 1A
	 	 	227,968,618.00	 	 	 	22.21538048	%	 	 	198,578,648.23	 	 	 	22.63348722	%	 	 	77.366513	%	 	 	1,787.760387	%
	Class 2A
	 	 	37,968,618.00	 	 	 	3.70001495	%	 	 	37,968,618.00	 	 	 	4.32756612	%	 	 	18.305921	%	 	 	423.007312	%
	Class X-1-A
	 	 	37,968,618.00	 	 	 	3.70001495	%	 	 	37,968,618.00	 	 	 	4.32756612	%	 	 	0.000000	%	 	 	0.000000	%
	Class X-1-B
	 	 	37,968,618.00	 	 	 	3.70001495	%	 	 	37,968,618.00	 	 	 	4.32756612	%	 	 	0.000000	%	 	 	0.000000	%
	Class X-2
	 	 	37,968,618.00	 	 	 	3.70001495	%	 	 	37,968,618.00	 	 	 	4.32756612	%	 	 	0.000000	%	 	 	0.000000	%
	Class B-1
	 	 	22,063,618.00	 	 	 	2.15008396	%	 	 	22,063,618.00	 	 	 	2.51475484	%	 	 	1.812811	%	 	 	41.889858	%
	Class B-2
	 	 	13,853,618.00	 	 	 	1.35002527	%	 	 	13,853,618.00	 	 	 	1.57900000	%	 	 	0.935755	%	 	 	21.623120	%
	Class B-3
	 	 	8,209,618.00	 	 	 	0.80002146	%	 	 	8,209,618.00	 	 	 	0.93571129	%	 	 	0.643289	%	 	 	14.864908	%
	Class B-4
	 	 	5,644,618.00	 	 	 	0.55006403	%	 	 	5,644,618.00	 	 	 	0.64335915	%	 	 	0.292352	%	 	 	6.755579	%
	Class B-5
	 	 	4,105,618.00	 	 	 	0.40008957	%	 	 	4,105,618.00	 	 	 	0.46794786	%	 	 	0.175411	%	 	 	4.053347	%
	Class B-6
	 	 	0.00	 	 	 	0.00000000	%	 	 	0.00	 	 	 	0.00000000	%	 	 	0.467948	%	 	 	10.813188	%

Please refer to the prospectus supplement for a full description of loss exposure

 

 

Delinquency Status By Group

Pool 1

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	DELINQUENT
	 	BANKRUPTCY
	 	FORECLOSURE
	 	REO
	 	TOTAL

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

	0-29 Days

	 	 	0	 	 	 	0.00	 	 	0-29 Days
	 	 	0	 	 	 	0.00	 	 	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	 	 	30 Days
	 	 	0.	 	 	 	0.00	 	 	30 Days
	 	 	0	 	 	 	0.00	 
	60 Days

	 	 	1	 	 	 	499,843.75	 	 	60 Days
	 	 	0	 	 	 	0.00	 	 	60 Days
	 	 	0	 	 	 	0.00	 	 	60 Days
	 	 	0	 	 	 	0.00	 	 	60 Days
	 	 	1	 	 	 	499,843.75	 
	90 Days

	 	 	0	 	 	 	0.00	 	 	90 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	 	 	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	 	 	150 Days
	 	 	0	 	 	 	0.00	 	 	150 Days
	 	 	0	 	 	 	0.00	 
	180+ Days

	 	 	1	 	 	 	280,250.00	 	 	180+ Days
	 	 	0	 	 	 	0.00	 	 	180+ Days
	 	 	0	 	 	 	0.00	 	 	180+ Days
	 	 	0	 	 	 	0.00	 	 	180+ Days
	 	 	1	 	 	 	280,250.00	 
	

	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 
	

	 	 	2	 	 	 	780,093.75	 	 	 	 	 	0	 	 	 	0.00	 	 	 	 	 	0	 	 	 	0.00	 	 	 	 	 	0	 	 	 	0.00	 	 	 	 	 	2	 	 	 	780,093.75	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	

	 	No. of
	 	Principal
	 	 	 	No. of
	 	Principal
	 	 	 	No. of
	 	Principal
	 	 	 	No. of
	 	Principal
	 	 	 	No. of
	 	Principal

	

	 	Loans
	 	Balance
	 	 	 	Loans
	 	Balance
	 	 	 	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	%	 	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	%	 	30 Days
	 	 	0.000000	%	 	 	0.000000	%	 	30 Days
	 	 	0.000000	%	 	 	0.000000	%
	60 Days

	 	 	0.049529	%	 	 	0.070454	%	 	60 Days
	 	 	0.000000	%	 	 	0.000000	%	 	60 Days
	 	 	0.000000	%	 	 	0.000000	%	 	60 Days
	 	 	0.000000	%	 	 	0.000000	%	 	60 Days
	 	 	0.049529	%	 	 	0.070454	%
	90 Days

	 	 	0.000000	%	 	 	0.000000	%	 	90 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	%	 	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	%	 	150 Days
	 	 	0.000000	%	 	 	0.000000	%	 	150 Days
	 	 	0.000000	%	 	 	0.000000	%
	180+ Days

	 	 	0.049529	%	 	 	0.039502	%	 	180+ Days
	 	 	0.000000	%	 	 	0.000000	%	 	180+ Days
	 	 	0.000000	%	 	 	0.000000	%	 	180+ Days
	 	 	0.000000	%	 	 	0.000000	%	 	180+ Days
	 	 	0.049529	%	 	 	0.039502	%
	

	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 
	

	 	 	0.099059	%	 	 	0.109956	%	 	 	 	 	0.000000	%	 	 	0.000000	%	 	 	 	 	0.000000	%	 	 	0.000000	%	 	 	 	 	0.000000	%	 	 	0.000000	%	 	 	 	 	0.099059	%	 	 	0.109956	%
	

	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 

Pool 2

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	DELINQUENT
	 	BANKRUPTCY
	 	FORECLOSURE
	 	REO
	 	TOTAL

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

	0-29 Days

	 	 	0	 	 	 	0.00	 	 	0-29 Days
	 	 	0	 	 	 	0.00	 	 	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	 	 	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	 	 	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	 	 	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	 	 	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	 	 	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	 	 	180+ Days
	 	 	0	 	 	 	0.00	 	 	180+ Days
	 	 	0	 	 	 	0.00	 
	

	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 
	

	 	 	0	 	 	 	0.00	 	 	 	 	 	0	 	 	 	0.00	 	 	 	 	 	0	 	 	 	0.00	 	 	 	 	 	0	 	 	 	0.00	 	 	 	 	 	0	 	 	 	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	

	 	No. of
	 	Principal
	 	 	 	No. of
	 	Principal
	 	 	 	No. of
	 	Principal
	 	 	 	No. of
	 	Principal
	 	 	 	No. of
	 	Principal

	

	 	Loans
	 	Balance
	 	 	 	Loans
	 	Balance
	 	 	 	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	%	 	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	%	 	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	%	 	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	%	 	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	%	 	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	%	 	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	%	 	180+ Days
	 	 	0.000000	%	 	 	0.000000	%	 	180+ Days
	 	 	0.000000	%	 	 	0.000000	%
	

	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 
	

	 	 	0.000000	%	 	 	0.000000	%	 	 	 	 	0.000000	%	 	 	0.000000	%	 	 	 	 	0.000000	%	 	 	0.000000	%	 	 	 	 	0.000000	%	 	 	0.000000	%	 	 	 	 	0.000000	%	 	 	0.000000	%
	

	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 	 	 	 	 	
 	 	 	 	
 	 

 

 

Collateral Statement

	 	 	 	 	 
	Collateral Description	 	Mixed Arm
	Weighted Average Gross Coupon
	 	 	3.002269	%
	Weighted Average Net Coupon
	 	 	2.625066	%
	Weighted Average Pass-Through Rate
	 	 	2.615066	%
	Weighted Average Maturity (Stepdown Calculation)
	 	 	313	 
	Beginning Scheduled Collateral Loan Count
	 	 	2,555	 
	Number of Loans Paid in Full
	 	 	33	 
	Ending Scheduled Collateral Loan Count
	 	 	2,522	 
	Beginning Scheduled Collateral Balance
	 	 	891,421,016.29	 
	Ending Scheduled Collateral Balance
	 	 	877,366,560.16	 
	Ending Actual Collateral Balance at 31-Mar-2004
	 	 	877,372,378.37	 
	Monthly P&I Constant
	 	 	2,230,558.62	 
	Special Servicing Fee
	 	 	0.00	 
	Prepayment Penalties
	 	 	0.00	 
	Realization Loss Amount
	 	 	0.00	 
	Cumulative Realized Loss
	 	 	0.00	 
	Class A Optimal Amount
	 	 	15,914,319.60	 
	Ending Scheduled Balance for Premium Loans
	 	 	877,366,560.16	 
	Scheduled Principal
	 	 	320.75	 
	Unscheduled Principal
	 	 	14,054,135.38	 

Miscellaneous Reporting

	 	 	 	 	 
	Cap Agreement Deposit – 1 month Libor Loan
	 	 	0	 
	Cap Agreement Deposit – 6 month Libor Loan
	 	 	0	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Group	 	1	 	2	 	Total
	Collateral Description	 	Mixed ARM	 	6 Month LIBOR ARM	 	Mixed ARM
	Weighted Average Coupon Rate
	 	 	2.989199	 	 	 	3.056975	 	 	 	3.002269	 
	Weighted Average Net Rate
	 	 	2.611471	 	 	 	2.681975	 	 	 	2.625066	 
	Pass-Through Rate
	 	 	2.601471	 	 	 	2.671975	 	 	 	2.615066	 
	Weighted Average Maturity
	 	 	311	 	 	 	319	 	 	 	313	 
	Record Date
	 	 	03/31/2004	 	 	 	03/31/2004	 	 	 	03/31/2004	 
	Principal and Interest Constant
	 	 	1,792,627.30	 	 	 	437,931.32	 	 	 	2,230,558.62	 
	Beginning Loan Count
	 	 	2,041	 	 	 	514	 	 	 	2,555	 
	Loans Paid in Full
	 	 	22	 	 	 	11	 	 	 	33	 
	Ending Loan Count
	 	 	2,019	 	 	 	503	 	 	 	2,522	 
	Beginning Scheduled Balance
	 	 	719,524,589.54	 	 	 	171,896,426.75	 	 	 	891,421,016.29	 
	Ending Scheduled Balance
	 	 	709,456,687.93	 	 	 	167,909,872.23	 	 	 	877,366,560.16	 
	Scheduled Principal
	 	 	291.95	 	 	 	28.80	 	 	 	320.75	 
	Unscheduled Principal
	 	 	10,067,609.66	 	 	 	3,986,525.72	 	 	 	14,054,135.38	 
	Scheduled Interest
	 	 	1,792,335.35	 	 	 	437,902.52	 	 	 	2,230,237.87	 
	Servicing Fee
	 	 	226,487.51	 	 	 	53,717.63	 	 	 	280,205.14	 
	Master Servicing Fee
	 	 	5,996.04	 	 	 	1,432.47	 	 	 	7,428.51	 
	Trustee Fee
	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	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
	 	 	1,559,851.80	 	 	 	382,752.42	 	 	 	1,942,604.22	 
	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	 

 

 

Miscellaneous Reporting

	 	 	 	 	 
	Group Pool 1
	 	 	 	 
	One Month Libor Loan Balance
	 	 	163,488,089.99	 
	Six Month Libor Loan Balance
	 	 	545,968,597.94	 
	Senior Percent
	 	 	100.000000	%
	Senior Prepayment Percent
	 	 	100.000000	%
	Subordinate Percent
	 	 	0.000000	%
	Subordinate Prepayment Percent
	 	 	0.000000	%
	Group Pool 2
	 	 	 	 
	Six Month Libor Loan Balance
	 	 	167,909,872.23	 
	Senior Percent
	 	 	100.000000	%
	Senior Prepayment Percent
	 	 	100.000000	%
	Subordinate Percent
	 	 	0.000000	%
	Subordinate Prepayment Percent
	 	 	0.000000	%

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00065-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00065-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00065-of-00352.parquet"}]]