Document:

<PAGE>
                                  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

                                SHT SERIES 2004-1
                          RECORD DATE: AUGUST 31, 2004
                      DISTRIBUTION DATE: SEPTEMBER 20, 2004

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY
<TABLE>
<CAPTION>
                         Certificate    Certificate       Beginning
                            Class       Pass-Through     Certificate       Interest
  Class        CUSIP     Description       Rate           Balance        Distribution
  -----        -----     -----------    ------------     -----------     ------------
<S>          <C>         <C>            <C>            <C>               <C>

   NOTE      817419AA2      SEN          1.83000%      314,797,350.89     496,068.15
    L        SHT04002L      DRAW         1.92000%                0.00           0.00
    O        SHT04002O       OC          0.00000%        1,064,360.81           0.00
  AMBAC                     FEE          0.12000%                0.00      31,479.73
             ---------   -----------    ------------   --------------     ----------
Totals                                                 315,861,711.70     527,547.88
             =========   ===========    ============   ==============     ==========
</TABLE>

<TABLE>
<CAPTION>
                           Current        Ending                      Cumulative
             Principal     Realized     Certificate       Total         Realized
  Class    Distribution     Loss         Balance      Distribution       Loss
  -----    ------------     ----     --------------   ------------    ---------
<S>        <C>             <C>       <C>              <C>             <C>
   NOTE    7,610,022.47     0.00     307,187,328.42    8,106,090.62      0.00
    L              0.00     0.00               0.00            0.00      0.00
    O              0.00     0.00       1,509,798.04            0.00      0.00
  AMBAC            0.00     0.00               0.00       31,479.73      0.00
           -----------     -----     ---------------   --------------    ----
Totals     7,610,022.47     0.00     308,697,126.46    8,137,570.35      0.00
           ===========     =====     ===============   ==============    ====
</TABLE>

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

                        PRINCIPAL DISTRIBUTION STATEMENT
<TABLE>
<CAPTION>
                               Beginning       Scheduled      Unscheduled
              Original        Certificate      Principal       Principal
  Class     Face Amount         Balance       Distribution    Distribution     Accretion
  -----     -----------      -------------    ------------    -------------    ---------
<S>        <C>              <C>               <C>             <C>              <C>
   NOTE    317,044,000.00    314,797,350.89         0.00      7,610,022.47      0.00
    L                0.00              0.00         0.00              0.00      0.00
    O               81.98      1,064,360.81         0.00              0.00      0.00
  AMBAC              0.00              0.00         0.00              0.00      0.00
           --------------    --------------         ----      ------------      ----
Totals     317,044,081.98    315,861,711.70         0.00      7,610,022.47      0.00
           ==============    ==============         ====      ============      ====
</TABLE>

<TABLE>
<CAPTION>
                              Total            Ending             Ending          Total
              Realized      Principal        Certificate       Certificate      Principal
  Class       Loss(1)      Reduction          Balance          Percentage      Distribution
  -----      ---------     ---------          -------         ------------     ------------
<S>          <C>          <C>              <C>               <C>               <C>
   NOTE        0.00       7,610,022.47     307,187,328.42         0.96891071    7,610,022.47
    L          0.00               0.00               0.00         0.00000000            0.00
    O          0.00               0.00       1,509,798.04    18,416.66308856            0.00
  AMBAC        0.00               0.00               0.00         0.00000000            0.00
               ----       ------------     --------------    ---------------    ------------
Totals         0.00       7,610,022.47     308,697,126.46         0.97367257    7,610,022.47
               ====       ============     ==============    ===============    ============
</TABLE>

(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
<TABLE>
<CAPTION>

                                 Beginning         Scheduled     Unscheduled
                Original        Certificate        Principal      Principal
  Class       Face Amount         Balance        Distribution    Distribution
  -----       -----------     ----------------   ------------    ------------
<S>         <C>               <C>                <C>            <C>
   NOTE     317,044,000.00        992.91376241    0.00000000     24.00304838
    L                 0.00          0.00000000    0.00000000      0.00000000
    O                81.98    2983176.50646500    0.00000000      0.00000000
            --------------    ----------------    ----------      ----------
  AMBAC               0.00          0.00000000    0.00000000      0.00000000
            ==============    ================    ==========      ==========
</TABLE>

<TABLE>
<CAPTION>
                                                Total            Ending              Ending           Total
                               Realized       Principal        Certificate        Certificate        Principal
  Class         Accretion      Loss(3)        Reduction          Balance           Percentage      Distribution
  -----         ---------      --------       ---------     -----------------    --------------    -------------
<S>             <C>           <C>            <C>           <C>                   <C>                <C>
   NOTE          0.00000000    0.00000000    24.00304838         968.91071403         0.96891071    24.00304838
    L            0.00000000    0.00000000     0.00000000           0.00000000         0.00000000     0.00000000
    O            0.00000000    0.00000000     0.00000000    18416663.08855820     18416.66308856     0.00000000
  AMBAC          0.00000000    0.00000000     0.00000000           0.00000000         0.00000000     0.00000000
</TABLE>

(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.

<PAGE>

                         INTEREST DISTRIBUTION STATEMENT
<TABLE>
<CAPTION>

                                                   Beginning                         Payment of
                                   Current        Certificate/          Current        Unpaid
              Original           Certificate       Notional             Accrued       Interest
  Class     Face Amount              Rate           Balance             Interest     Shortfall
  -----     -----------          -----------      -----------          ----------    ---------
<S>         <C>                  <C>              <C>                  <C>           <C>
   NOTE     317,044,000.00         1.83000%      314,797,350.89         496,068.16       0.00
    L                 0.00         1.92000%                0.00               0.00       0.00
    O                81.98         0.00000%        1,064,360.81               0.00       0.00
  AMBAC               0.00         0.12000%      314,797,350.89          31,479.74       0.00
            --------------         --------      --------------         ----------       ----
  Totals    317,044,081.98                                              527,547.90       0.00
            ==============         ========      ==============         ==========       ====
</TABLE>

<TABLE>
<CAPTION>
                            Non-                                   Remaining         Ending
              Current    Supported                                  Unpaid        Certificate/
              Interest    Interest   Realized    Total Interest    Interest        Notational
  Class      Shortfall   Shortfall    Loss(4)    Distribution      Shortfall        Balance
  -----      ---------   ---------   ---------   ------------      ---------    ---------------
<S>          <C>         <C>         <C>         <C>              <C>           <C>
   NOTE         0.00       0.00       0.00           496,068.15       0.00       307,187,328.42
    L           0.00       0.00       0.00                 0.00       0.00                 0.00
    O           0.00       0.00       0.00                 0.00       0.00         1,509,798.04
  AMBAC         0.00       0.00       0.00            31,479.73       0.00       307,187,328.42
                ----       ----       ----           ----------       ----       --------------
  Totals        0.00       0.00       0.00           527,547.88       0.00
                ====       ====       ====           ==========       ====       ==============
</TABLE>

(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

<TABLE>
<CAPTION>
                                                                                  Payment of
                               Current                               Current        Unpaid
               Original      Certificate   Beginning Certificate/    Accrued        Interest
  Class(5)    Face Amount       Rate          Notional Balance       Interest      Shortfall
 ---------    -----------    -----------   ----------------------    --------     ----------
<S>          <C>             <C>           <C>                      <C>           <C>
   NOTE      317,044,000.00    1.83000%         992.91376241        1.56466661     0.00000000
     L                 0.00    1.92000%           0.00000000        0.00000000     0.00000000
     O                81.98    0.00000%    12983176.50646500        0.00000000     0.00000000
   AMBAC               0.00    0.12000%         992.91376241        0.09929139     0.00000000
</TABLE>

<TABLE>
<CAPTION>
                                    Non-                                         Remaining           Ending
                  Current       Supported                          Total           Unpaid         Certificate/
                 Interest        Interest         Realized        Interest        Interest         Notational
 Class(5)        Shortfall      Shortfall          Loss(6)       Distribution     Shortfall          Balance
 ---------       ---------      ---------         --------       ------------    ----------       ------------
<S>              <C>            <C>             <C>              <C>             <C>            <C>
   NOTE          0.00000000      0.00000000      0.00000000       1.56466658     0.00000000          968.91071403
     L           0.00000000      0.00000000      0.00000000       0.00000000     0.00000000            0.00000000
     O           0.00000000      0.00000000      0.00000000       0.00000000     0.00000000     18416663.08855820
   AMBAC         0.00000000      0.00000000      0.00000000       0.09929136     0.00000000          968.91071403
</TABLE>

(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
<TABLE>
<S>                                                         <C>
Beginning Balance                                                     0.00

Deposits
        Payments of Interest and Principal                    8,265,993.23
        Liquidations, Insurance Proceeds, Reserve Funds               0.00
        Proceeds from Repurchased Loans                               0.00
        Other Amounts (Servicer Advances)                             0.00
        Realized Losses (Gains, Subsequent Expenses &
        Recoveries)                                                   0.00
        Prepayment Penalties                                          0.00
                                                              ------------
Total Deposits                                                8,265,993.23

Withdrawals
        Reimbursement for Servicer Advances                           0.00
        Payment of Service Fee                                  128,422.88
        Payment of Interest and Principal                     8,137,570.35
                                                              ------------
Total Withdrawals (Pool Distribution Amount)                  8,265,993.23

Ending Balance                                                        0.00
                                                              ============
</TABLE>

<PAGE>

                    PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<TABLE>
<S>                                                           <C>
 Total Prepayment/Curtailment Interest Shortfall               0.00
 Servicing Fee Support                                         0.00
                                                               ----

 Non-Supported Prepayment Curtailment Interest
 Shortfall                                                     0.00
                                                               ====
</TABLE>

                                 SERVICING FEES
<TABLE>
<S>                                                      <C>
Gross Servicing Fee                                      124,474.61
Master Servicing Fee                                       3,948.27
Supported Prepayment/Curtailment Interest Shortfall            0.00
                                                               ----

Net Servicing Fee                                        128,422.88
                                                         ==========
</TABLE>

                                 OTHER ACCOUNTS
<TABLE>
<CAPTION>
                                       Beginning       Current       Current     Ending
            Account Type                Balance      Withdrawals    Deposits     Balance
            ------------                -------      -----------    --------     -------
<S>                                    <C>           <C>            <C>          <C>
Financial Guaranty                        0.00          0.00          0.00        0.00
</TABLE>

<PAGE>

             LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
<TABLE>
<CAPTION>
           DELINQUENT                                           BANKRUPTCY
--------------------------------------   ------------------------------------------------
<S>         <C>          <C>              <C>             <C>              <C>
             No. of        Principal                         No. of          Principal
             Loans          Balance                          Loans            Balance

0-29 Days      0                0.00       0-29 Days          2             263,080.66
30 Days        2          207,600.00       30 Days            0                   0.00
60 Days        0                0.00       60 Days            0                   0.00
90 Days        0                0.00       90 Days            0                   0.00
120 Days       0                0.00       120 Days           0                   0.00
150 Days       0                0.00       150 Days           0                   0.00
180+ Days      0                0.00       180+ Days          0                   0.00
            --------        --------                       --------           --------
               2          207,600.00                          2             263,080.66

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

0-29 Days   0.000000%      0.000000%       0-29 Days      0.038632%          0.085223%
30 Days     0.038632%      0.067250%       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%
            --------       --------                       --------           --------
            0.038632%      0.067250%                      0.038632%          0.085223%
</TABLE>

<TABLE>
<CAPTION>
                   FORECLOSURE                                  REO                                        TOTAL
------------------------------------------   -------------------------------------------   --------------------------------------
<S>             <C>           <C>            <C>             <C>            <C>            <C>             <C>        <C>
                 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         2        263,080.66
 30 Days           0              0.00        30 Days            0               0.00       30 Days           2        207,600.00
 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                         4        470,680.66

                 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      0.038632%    0.085223%
 30 Days        0.000000%       0.000000%     30 Days        0.000000%        0.000000%     30 Days        0.038632%    0.067250%
 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%                    0.077265%    0.152473%
</TABLE>

<TABLE>
<S>                                           <C>                                                    <C>                        <C>
Current Period Class A Insufficient Funds:    0.00   Principal Balance of Contaminated Properties    0.00   Periodic Advance    0.00
</TABLE>

<TABLE>
<S>                             <C>               <C>                 <C>
Class L                         81.98             0.00002586%         1,509,798.04
Class O                          0.00             0.00000000%                 0.00
</TABLE>

<TABLE>
<S>                             <C>                    <C>                 <C>
Class L                         0.49149099%            0.000000%           0.000000%
Class O                         0.00000000%            0.491491%           0.000000%
</TABLE>

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

<PAGE>

                              COLLATERAL STATEMENT
<TABLE>
<S>                                                                          <C>
Collateral Description                                                              Mixed Arm

Weighted Average Gross Coupon                                                       4.184393%
Weighted Average Net Coupon                                                         3.711498%
Weighted Average Pass-Through Rate                                                  3.696498%
Weighted Average Maturity (Stepdown Calculation)                                          123

Beginning Scheduled Collateral Loan Count                                               5,311
Number of Loans Paid in Full                                                              134
Ending Scheduled Collateral Loan Count                                                  5,177

Beginning Scheduled Collateral Balance                                         315,624,668.69
Ending Scheduled Collateral Balance                                            307,187,328.42
Ending Actual Collateral Balance at 31-Aug-2004                                308,697,126.46

Monthly P&I Constant                                                                     0.00
Special Servicing Fee                                                                    0.00
Prepayment Penalties                                                                     0.00
Realized Loss Amount                                                                     0.00
Cumulative Realized Loss                                                                 0.00
</TABLE>

MISCELLANEOUS REPORTING
<TABLE>
<S>                                                <C>
Additional Balance Contributed Amount                        0.00
Additional Balance                                  13,856,053.81
Cumulative Loss Percent                                  0.00000%
Managed Amortization Period                                   YES
Overcollateralization Amount                         1,509,798.04
Six Month Rolling Delinquency                            0.00000%
Specified Overcollateralization Amount               3,963,051.02
3 Largest Loan Balance                               4,875,000.00
Draw Amount                                         13,856,053.81
Rapid Amortization Event                                       NO
Excess Cashflow                                        445,437.21
</TABLE><PAGE>

                                  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 2004-4
                          RECORD DATE: AUGUST 31, 2004
                      DISTRIBUTION DATE: SEPTEMBER 20, 2004

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                             Certificate                                             Beginning
                                 Class                Certificate Pass-             Certificate             Interest
Class        CUSIP            Description                Through Rate                 Balance             Distribution
-----        -----           ------------             -----------------             ------------          ------------
<S>        <C>               <C>                      <C>                          <C>                    <C>
  A        81744FBF3             SEN                      1.60813%                 757,207,557.16         1,014,740.15
 X-1       81744FBG1             SEN                      0.80000%                           0.00           458,547.27
 X-2       81744FBH9             SEN                      0.44149%                           0.00           278,585.76
 X-B       81744FBJ5             SEN                      0.53086%                           0.00            10,157.98
 B-1       81744FBK2             SUB                      2.10000%                  14,612,000.00            25,571.00
 B-2       81744FBL0             SUB                      2.50000%                   8,350,000.00            17,395.83
 B-3       81744FBM8             SUB                      2.77632%                   4,175,000.00             9,659.27
 B-4       81744FBN6             SUB                      2.77632%                   2,509,000.00             5,804.82
 B-5       81744FBP1             SUB                      2.77632%                   2,088,000.00             4,830.79
 B-6       81744FBQ9             SUB                      2.77632%                   3,757,983.00             8,694.46
 A-R       81744FBR7             RES                      2.68401%                           0.00                 0.00
                                                                                   --------------         ------------
Totals                                                                             792,699,540.16         1,833,987.33
                                                                                   --------------         ------------

<CAPTION>
                            Principal          Current       Ending Certificate           Total            Cumulative
Class        CUSIP        Distribution      Realized Loss          Balance             Distribution       Realized Loss
-----        -----        ------------      -------------    ------------------        ------------       ------------
<S>        <C>           <C>                <C>              <C>                       <C>                <C>
  A        81744FBF3     13,704,784.45           0.00            743,502,772.71        14,719,524.60          0.00
 X-1       81744FBG1              0.00           0.00                      0.00           458,547.27          0.00
 X-2       81744FBH9              0.00           0.00                      0.00           278,585.76          0.00
 X-B       81744FBJ5              0.00           0.00                      0.00            10,157.98          0.00
 B-1       81744FBK2              0.00           0.00             14,612,000.00            25,571.00          0.00
 B-2       81744FBL0              0.00           0.00              8,350,000.00            17,395.83          0.00
 B-3       81744FBM8              0.00           0.00              4,175,000.00             9,659.27          0.00
 B-4       81744FBN6              0.00           0.00              2,509,000.00             5,804.82          0.00
 B-5       81744FBP1              0.00           0.00              2,088,000.00             4,830.79          0.00
 B-6       81744FBQ9              0.00           0.00              3,757,983.00             8,694.46          0.00
 A-R       81744FBR7              0.00           0.00                      0.00                 0.00          0.00
                         -------------           ----            --------------        -------------          ----
Totals                   13,704,784.45           0.00            778,994,755.71        15,538,771.78          0.00
                         -------------           ----            --------------        -------------          ----

</TABLE>

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

                        PRINCIPAL DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
                                            Beginning        Scheduled            Unscheduled
                 Original Face             Certificate       Principal             Principal                              Realized
Class                Amount                  Balance        Distribution         Distribution           Accretion         Loss (1)
-----            -------------             -----------      ------------         ------------           ---------         --------
<S>             <C>                     <C>                 <C>                <C>                      <C>               <C>
  A             799,511,000.00          757,207,557.16          0.00           13,704,784.45               0.00             0.00
 X-1                      0.00                    0.00          0.00                    0.00               0.00             0.00
 X-2                      0.00                    0.00          0.00                    0.00               0.00             0.00
 X-B                      0.00                    0.00          0.00                    0.00               0.00             0.00
 B-1             14,612,000.00           14,612,000.00          0.00                    0.00               0.00             0.00
 B-2              8,350,000.00            8,350,000.00          0.00                    0.00               0.00             0.00
 B-3              4,175,000.00            4,175,000.00          0.00                    0.00               0.00             0.00
 B-4              2,509,000.00            2,509,000.00          0.00                    0.00               0.00             0.00
 B-5              2,088,000.00            2,088,000.00          0.00                    0.00               0.00             0.00
 B-6              3,757,983.00            3,757,983.00          0.00                    0.00               0.00             0.00
 A-R                    100.00                    0.00          0.00                    0.00               0.00             0.00
                --------------          --------------          ----           -------------               ----             ----
Totals          835,003,083.00          792,699,540.16          0.00           13,704,784.45               0.00             0.00
                --------------          --------------          ----           -------------               ----             ----

<CAPTION>
             Total Principal              Ending Certificate              Ending Certificate                Total Principal
Class            Reduction                      Balance                        Percentage                     Distribution
-----        ---------------              ------------------              ------------------                ----------------
<S>          <C>                          <C>                             <C>                               <C>
  A           13,704,784.45                  743,502,772.71                    0.92994690                     13,704,784.45
 X-1                   0.00                            0.00                    0.00000000                              0.00
 X-2                   0.00                            0.00                    0.00000000                              0.00
 X-B                   0.00                            0.00                    0.00000000                              0.00
 B-1                   0.00                   14,612,000.00                    1.00000000                              0.00
 B-2                   0.00                    8,350,000.00                    1.00000000                              0.00
 B-3                   0.00                    4,175,000.00                    1.00000000                              0.00
 B-4                   0.00                    2,509,000.00                    1.00000000                              0.00
 B-5                   0.00                    2,088,000.00                    1.00000000                              0.00
 B-6                   0.00                    3,757,983.00                    1.00000000                              0.00
 A-R                   0.00                            0.00                    0.00000000                              0.00
              -------------                  --------------                    ----------                     -------------
Totals        13,704,784.45                  778,994,755.71                    0.93292441                     13,704,784.45
              -------------                  --------------                    ----------                     -------------
</TABLE>

(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.

<PAGE>

                    PRINCIPAL DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
                                       Beginning          Scheduled         Unscheduled
              Original Face           Certificate         Principal          Principal                                 Realized
Class             Amount                Balance         Distribution        Distribution              Accretion        Loss (3)
-----         -------------           -----------       ------------        ------------              ---------        --------
<S>           <C>                     <C>               <C>                 <C>                      <C>              <C>
  A            799,511,000.00          947.08835421      0.00000000          17.14145828             0.00000000       0.00000000
 X-1                     0.00            0.00000000      0.00000000           0.00000000             0.00000000       0.00000000
 X-2                     0.00            0.00000000      0.00000000           0.00000000             0.00000000       0.00000000
 X-B                     0.00            0.00000000      0.00000000           0.00000000             0.00000000       0.00000000
 B-1            14,612,000.00         1000.00000000      0.00000000           0.00000000             0.00000000       0.00000000
 B-2             8,350,000.00         1000.00000000      0.00000000           0.00000000             0.00000000       0.00000000
 B-3             4,175,000.00         1000.00000000      0.00000000           0.00000000             0.00000000       0.00000000
 B-4             2,509,000.00         1000.00000000      0.00000000           0.00000000             0.00000000       0.00000000
 B-5             2,088,000.00         1000.00000000      0.00000000           0.00000000             0.00000000       0.00000000
 B-6             3,757,983.00         1000.00000000      0.00000000           0.00000000             0.00000000       0.00000000
 A-R                   100.00            0.00000000      0.00000000           0.00000000             0.00000000       0.00000000

<CAPTION>

                      Total Principal             Ending Certificate          Ending Certificate            Total Principal
Class                    Reduction                      Balance                    Percentage                Distribution
-----                 ---------------             -------------------         -------------------           ----------------
<S>                   <C>                         <C>                         <C>                           <C>
  A                     17.14145828                    929.94689593               0.92994690                 17.14145828
 X-1                     0.00000000                      0.00000000               0.00000000                  0.00000000
 X-2                     0.00000000                      0.00000000               0.00000000                  0.00000000
 X-B                     0.00000000                      0.00000000               0.00000000                  0.00000000
 B-1                     0.00000000                   1000.00000000               1.00000000                  0.00000000
 B-2                     0.00000000                   1000.00000000               1.00000000                  0.00000000
 B-3                     0.00000000                   1000.00000000               1.00000000                  0.00000000
 B-4                     0.00000000                   1000.00000000               1.00000000                  0.00000000
 B-5                     0.00000000                   1000.00000000               1.00000000                  0.00000000
 B-6                     0.00000000                   1000.00000000               1.00000000                  0.00000000
 A-R                     0.00000000                      0.00000000               0.00000000                  0.00000000
</TABLE>

(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

<TABLE>
<CAPTION>
                                                                         Beginning
                                                                        Certificate/
                 Original Face                    Current                 Notional
Class                Amount                  Certificate Rate             Balance
-----            -------------               ----------------           ------------
<S>             <C>                          <C>                       <C>
  A             799,511,000.00                    1.60813%             757,207,557.16
 X-1                      0.00                    0.80000%             687,820,907.09
 X-2                      0.00                    0.44149%             757,207,557.16
 X-B                      0.00                    0.53086%              22,962,000.00
 B-1             14,612,000.00                    2.10000%              14,612,000.00
 B-2              8,350,000.00                    2.50000%               8,350,000.00
 B-3              4,175,000.00                    2.77632%               4,175,000.00
 B-4              2,509,000.00                    2.77632%               2,509,000.00
 B-5              2,088,000.00                    2.77632%               2,088,000.00
 B-6              3,757,983.00                    2.77632%               3,757,983.00
 A-R                    100.00                    2.68401%                       0.00
                --------------
Totals          835,003,083.00
                --------------

<CAPTION>
                                               Payment of                                       Non-
                      Current                    Unpaid                 Current              Supported
                      Accrued                   Interest                Interest              Interest             Realized
Class                Interest                   Shortfall              Shortfall             Shortfall             Loss (4)
-----                --------                  ----------              ---------             ---------             --------
<S>                <C>                         <C>                     <C>                   <C>                   <C>
  A                1,014,740.16                   0.00                    0.00                 0.01                  0.00
 X-1                 458,547.27                   0.00                    0.00                 0.00                  0.00
 X-2                 278,585.76                   0.00                    0.00                 0.00                  0.00
 X-B                  10,157.98                   0.00                    0.00                 0.00                  0.00
 B-1                  25,571.00                   0.00                    0.00                 0.00                  0.00
 B-2                  17,395.83                   0.00                    0.00                 0.00                  0.00
 B-3                   9,659.27                   0.00                    0.00                 0.00                  0.00
 B-4                   5,804.82                   0.00                    0.00                 0.00                  0.00
 B-5                   4,830.79                   0.00                    0.00                 0.00                  0.00
 B-6                   8,694.46                   0.00                    0.00                 0.00                  0.00
 A-R                       0.00                   0.00                    0.00                 0.00                  0.00
                   ------------                   ----                    ----                 ----                  ----
Totals             1,833,987.34                   0.00                    0.00                 0.01                  0.00
                   ------------                   ----                    ----                 ----                  ----

<CAPTION>
                                           Remaining                   Ending
                                            Unpaid                  Certificate/
             Total Interest                Interest                  Notational
Class         Distribution                 Shortfall                   Balance
-----        --------------                ---------                ------------
<S>          <C>                           <C>                     <C>
  A            1,014,740.15                   0.00                 743,502,772.71
 X-1             458,547.27                   0.00                 662,315,695.52
 X-2             278,585.76                   0.00                 743,502,772.71
 X-B              10,157.98                   0.00                  22,962,000.00
 B-1              25,571.00                   0.00                  14,612,000.00
 B-2              17,395.83                   0.00                   8,350,000.00
 B-3               9,659.27                   0.00                   4,175,000.00
 B-4               5,804.82                   0.00                   2,509,000.00
 B-5               4,830.79                   0.00                   2,088,000.00
 B-6               8,694.46                   0.00                   3,757,983.00
 A-R                   0.00                   0.00                           0.00
               ------------                   ----
Totals         1,833,987.33                   0.00
               ------------                   ----
</TABLE>

(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.
<PAGE>

                     INTEREST DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
                                                                              Payment of                   Non-
                            Current         Beginning                           Unpaid      Current      Supported
Class    Original Face    Certificate     Certificate/      Current Accrued    Interest     Interest      Interest     Realized
 (5)        Amount           Rate       Notional Balance        Interest       Shortfall   Shortfall     Shortfall     Loss (6)
-----    --------------   -----------   ----------------    ---------------   ----------   ----------    ----------   ----------
<S>      <C>              <C>           <C>                 <C>               <C>          <C>           <C>          <C>
  A      799,511,000.00    1.60813%       947.08835421         1.26920100     0.00000000   0.00000000    0.00000001   0.00000000
 X-1               0.00    0.80000%       860.30199346         0.57353466     0.00000000   0.00000000    0.00000000   0.00000000
 X-2               0.00    0.44149%       947.08835421         0.34844519     0.00000000   0.00000000    0.00000000   0.00000000
 X-B               0.00    0.53086%      1000.00000000         0.44238220     0.00000000   0.00000000    0.00000000   0.00000000
 B-1      14,612,000.00    2.10000%      1000.00000000         1.75000000     0.00000000   0.00000000    0.00000000   0.00000000
 B-2       8,350,000.00    2.50000%      1000.00000000         2.08333293     0.00000000   0.00000000    0.00000000   0.00000000
 B-3       4,175,000.00    2.77632%      1000.00000000         2.31359760     0.00000000   0.00000000    0.00000000   0.00000000
 B-4       2,509,000.00    2.77632%      1000.00000000         2.31359904     0.00000000   0.00000000    0.00000000   0.00000000
 B-5       2,088,000.00    2.77632%      1000.00000000         2.31359674     0.00000000   0.00000000    0.00000000   0.00000000
 B-6       3,757,983.00    2.77632%      1000.00000000         2.31359748     0.00000000   0.00000000    0.00000000   0.00000000
 A-R             100.00    2.68401%         0.00000000         0.00000000     0.00000000   0.00000000    0.00000000   0.00000000

<CAPTION>
                             Remaining
                               Unpaid
Class     Total Interest      Interest      Ending Certificate/
 (5)       Distribution       Shortfall     Notational Balance
-----     --------------     ----------     -------------------
<S>       <C>                <C>            <C>
  A         1.26920099       0.00000000        929.94689593
 X-1        0.57353466       0.00000000        828.40097950
 X-2        0.34844519       0.00000000        929.94689593
 X-B        0.44238220       0.00000000       1000.00000000
 B-1        1.75000000       0.00000000       1000.00000000
 B-2        2.08333293       0.00000000       1000.00000000
 B-3        2.31359760       0.00000000       1000.00000000
 B-4        2.31359904       0.00000000       1000.00000000
 B-5        2.31359674       0.00000000       1000.00000000
 B-6        2.31359748       0.00000000       1000.00000000
 A-R        0.00000000       0.00000000          0.00000000
</TABLE>

(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

<TABLE>
<S>                                                                  <C>
Beginning Balance                                                               0.00

Deposits
         Payments of Interest and Principal                            15,855,611.34
         Liquidations, Insurance Proceeds, Reserve Funds                        0.00
         Proceeds from Repurchased Loans                                        0.00
         Other Amounts (Servicer Advances)                                 34,821.17
         Realized Losses (Gains, Subsequent Expenses & Recoveries)              0.00
         Prepayment Penalties                                                   0.00
                                                                     ---------------
Total Deposits                                                         15,890,432.51

Withdrawals
         Reimbursement for Servicer Advances                               98,331.58
         Payment of Service Fee                                           253,329.15
         Payment of Interest and Principal                             15,538,771.78
                                                                     ---------------
Total Withdrawals (Pool Distribution Amount)                           15,890,432.51

Ending Balance                                                                  0.00
                                                                     ===============
</TABLE>

<PAGE>

                    PREPAYMENT/CURTAILMENT INTEREST SHORTFALL

<TABLE>
<S>                                                           <C>
Total Prepayment/Curtailment Interest Shortfall                  0.00
Servicing Fee Support                                            0.00
                                                              -------

Non-Supported Prepayment Curtailment Interest Shortfall          0.01
                                                              =======
</TABLE>

                                 SERVICING FEES

<TABLE>
<S>                                                         <C>
Gross Servicing Fee                                           248,374.76
Master Servicing Fee                                            4,954.39
Supported Prepayment/Curtailment Interest Shortfall                 0.00
                                                            ------------

Net Servicing Fee                                             253,329.15
                                                            ============
</TABLE>

                                 OTHER ACCOUNTS

<TABLE>
<CAPTION>
                         Beginning      Current       Current     Ending
     Account Type         Balance     Withdrawals    Deposits     Balance
---------------------    ---------    -----------    --------    --------
<S>                      <C>          <C>            <C>         <C>
Class X-1 Sub Account     4,500.00       0.00          0.00      4,500.00
Class X-2 Sub Account     4,500.00       0.00          0.00      4,500.00
Class X-B Sub Account     1,000.00       0.00          0.00      1,000.00
</TABLE>

<PAGE>

             LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT

                                   DELINQUENT

<TABLE>
<CAPTION>
                No. of     Principal
                 Loans      Balance
<S>             <C>      <C>
0-29 Days          0              0.00
30 Days           36     11,550,989.78
60 Days            4      2,457,550.67
90 Days            0              0.00
120 Days           0              0.00
150 Days           0              0.00
180+ Days          0              0.00
                ----     -------------
                  40     14,008,540.45
</TABLE>

<TABLE>
<CAPTION>
                  No. of        Principal
                   Loans         Balance
<S>              <C>            <C>
0-29 Days        0.000000%       0.000000%
30 Days          1.515789%       1.482809%
60 Days          0.168421%       0.315478%
90 Days          0.000000%       0.000000%
120 Days         0.000000%       0.000000%
150 Days         0.000000%       0.000000%
180+ Days        0.000000%       0.000000%
                 --------        --------
                 1.684211%       1.798286%
</TABLE>

                                   BANKRUPTCY

<TABLE>
<CAPTION>
             No. of    Principal
             Loans      Balance
<S>          <C>       <C>
0-29 Days      0         0.00
30 Days        0         0.00
60 Days        0         0.00
90 Days        0         0.00
120 Days       0         0.00
150 Days       0         0.00
180+ Days      0         0.00
             ---         ----
               0         0.00
</TABLE>

<TABLE>
<CAPTION>
              No. of      Principal
               Loans       Balance
<S>          <C>          <C>
0-29 Days    0.000000%     0.000000%
30 Days      0.000000%     0.000000%
60 Days      0.000000%     0.000000%
90 Days      0.000000%     0.000000%
120 Days     0.000000%     0.000000%
150 Days     0.000000%     0.000000%
180+ Days    0.000000%     0.000000%
             --------      --------
             0.000000%     0.000000%
</TABLE>

                                   FORECLOSURE

<TABLE>
<CAPTION>
              No. of    Principal
              Loans      Balance
<S>           <C>       <C>
0-29 Days       0          0.00
30 Days         0          0.00
60 Days         0          0.00
90 Days         0          0.00
120 Days        0          0.00
150 Days        0          0.00
180+ Days       0          0.00
              ---          ----
                0          0.00
</TABLE>

<TABLE>
<CAPTION>
               No. of      Principal
                Loans       Balance
<S>           <C>          <C>
0-29 Days     0.000000%     0.000000%
30 Days       0.000000%     0.000000%
60 Days       0.000000%     0.000000%
90 Days       0.000000%     0.000000%
120 Days      0.000000%     0.000000%
150 Days      0.000000%     0.000000%
180+ Days     0.000000%     0.000000%
              --------      --------
              0.000000%     0.000000%
</TABLE>

                                       REO

<TABLE>
<CAPTION>
              No. of        Principal
               Loans         Balance
<S>           <C>           <C>
0-29 Days        0            0.00
30 Days          0            0.00
60 Days          0            0.00
90 Days          0            0.00
120 Days         0            0.00
150 Days         0            0.00
180+ Days        0            0.00
              ----            ----
                 0            0.00
</TABLE>

<TABLE>
<CAPTION>
              No. of     Principal
               Loans      Balance
<S>          <C>         <C>
0-29 Days    0.000000%   0.000000%
30 Days      0.000000%   0.000000%
60 Days      0.000000%   0.000000%
90 Days      0.000000%   0.000000%
120 Days     0.000000%   0.000000%
150 Days     0.000000%   0.000000%
180+ Days    0.000000%   0.000000%
             --------    --------
             0.000000%   0.000000%
</TABLE>

                                      TOTAL

<TABLE>
<CAPTION>
              No. of      Principal
              Loans        Balance
<S>           <C>       <C>
0-29 Days       0                0.00
30 Days        36       11,550,989.78
60 Days         4        2,457,550.67
90 Days         0                0.00
120 Days        0                0.00
150 Days        0                0.00
180+ Days       0                0.00
              ---       -------------
               40       14,008,540.45
</TABLE>

<TABLE>
<CAPTION>
               No. of         Principal
                Loans          Balance
<S>           <C>             <C>
0-29 Days     0.000000%       0.000000%
30 Days       1.515789%       1.482809%
60 Days       0.168421%       0.315478%
90 Days       0.000000%       0.000000%
120 Days      0.000000%       0.000000%
150 Days      0.000000%       0.000000%
180+ Days     0.000000%       0.000000%
              --------        --------
              1.684211%       1.798286%
</TABLE>

<TABLE>
<S>                                         <C>   <C>                                           <C>    <C>               <C>
Current Period Class A Insufficient Funds:  0.00  Principal Balance of Contaminated Properties  0.00   Periodic Advance  34,821.17
</TABLE>

<TABLE>
<CAPTION>
              Original $    Original%       Current $      Current %    Current Class %   Prepayment %
            -------------   ----------    -------------   ----------    ---------------   ------------
<S>         <C>             <C>           <C>             <C>           <C>               <C>
Class A     35,491,983.00   4.25052119%   35,491,983.00   4.55612605%      95.443874%        0.000000%
Class X-1   35,491,983.00   4.25052119%   35,491,983.00   4.55612605%       0.000000%        0.000000%
Class X-2   35,491,983.00   4.25052119%   35,491,983.00   4.55612605%       0.000000%        0.000000%
Class B-1   20,879,983.00   2.50058753%   20,879,983.00   2.68037529%       1.875751%       41.169861%
Class B-2   12,529,983.00   1.50059123%   12,529,983.00   1.60848105%       1.071894%       23.526440%
Class B-3    8,354,983.00   1.00059307%    8,354,983.00   1.07253392%       0.535947%       11.763220%
Class B-4    5,845,983.00   0.70011514%    5,845,983.00   0.75045216%       0.322082%        7.069202%
Class B-5    3,757,983.00   0.45005618%    3,757,983.00   0.48241442%       0.268038%        5.883019%
Class B-6            0.00   0.00000000%            0.00   0.00000000%       0.482414%       10.588259%
</TABLE>

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

<PAGE>

                              COLLATERAL STATEMENT

<TABLE>
<CAPTION>
Collateral Description                                  Mixed Arm
<S>                                                   <C>
Weighted Average Gross Coupon                               3.159810%
Weighted Average Net Coupon                                 2.783816%
Weighted Average Pass-Through Rate                          2.776316%
Weighted Average Maturity (Stepdown Calculation)                 338

Beginning Scheduled Collateral Loan Count                      2,411
Number of Loans Paid in Full                                      36
Ending Scheduled Collateral Loan Count                         2,375

Beginning Scheduled Collateral Balance                792,699,540.90
Ending Scheduled Collateral Balance                   778,994,756.45
Ending Actual Collateral Balance at 31-Aug-2004       778,993,869.82

Monthly P&I Constant                                    2,087,316.47
Special Servicing Fee                                           0.00
Prepayment Penalties                                            0.00
Realization Loss Amount                                         0.00
Cumulative Realized Loss                                        0.00

Class A Optimal Amount                                 15,466,815.62

Ending Scheduled Balance for Premium Loans            778,994,756.45

Scheduled Principal                                             0.00
Unscheduled Principal                                  13,704,784.45
</TABLE>

<TABLE>
<CAPTION>
MISCELLANEOUS REPORTING
<S>                                                   <C>
One-Month Libor Loan Balance                          104,546,086.14
Six-Month Libor Loan Balance                          674,448,670.31
Prorata Senior Percentage                                  95.522644%
Senior Percentage                                         100.000000%
Senior Prepayment Percentage                              100.000000%
Subordinate Percentage                                      0.000000%
Subordinate Prepayment Percentage                           0.000000%
</TABLE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00072-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00072-of-00352.parquet"}]]