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

                               SMT SERIES 2004-12
                           RECORD DATE: APRIL 29, 2005
                         DISTRIBUTION DATE: MAY 20, 2005

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                     Certificate   Certificate     Beginning                                                     Ending
                        Class     Pass-Through    Certificate      Interest      Principal       Current      Certificate
  Class     CUSIP    Description      Rate          Balance      Distribution   Distribution  Realized Loss     Balance
--------  ---------  -----------  ------------   --------------  ------------  -------------  -------------  --------------
<S>       <C>        <C>          <C>            <C>             <C>           <C>            <C>            <C>
    A-1   81744FFY8      SEN           3.26000%  358,109,313.39    972,863.63   6,056,137.92           0.00  352,053,175.47
    A-2   81744FFZ5      SEN           3.04000%  188,517,495.00    477,577.65   4,622,812.12           0.00  183,894,682.88
    A-3   81744FGZ9      SEN           3.07000%  194,514,911.80    497,633.98   6,831,802.42           0.00  187,683,109.37
   X-A1   81744FGC5       IO           0.49883%            0.00    227,227.63           0.00           0.00            0.00
   X-A2   81744FGD3       IO           0.78164%            0.00    126,700.49           0.00           0.00            0.00
    X-B   81744FGF8       IO           0.08973%            0.00          0.00           0.00           0.00            0.00
    B-1   81744FGG6      SUB           3.49000%    8,588,000.00     24,976.77           0.00           0.00    8,588,000.00
    B-2   81744FGH4      SUB           3.84000%    6,134,000.00     19,628.80           0.00           0.00    6,134,000.00
    B-3   81744FGJ0      SUB           4.24000%    3,680,000.00     12,305.69           0.00           0.00    3,680,000.00
    B-4   81744FGK7      SUB           3.68227%    2,453,000.00      7,527.17           0.00           0.00    2,453,000.00
    B-5   81744FGK7      SUB           3.68227%      920,000.00      2,823.07           0.00           0.00      920,000.00
    B-6   81744FGL5      SUB           3.68227%    2,762,778.00      8,477.74           0.00           0.00    2,762,778.00
    A-R   81744FGE1      RES           4.01901%            0.00          0.42           0.00           0.00            0.00
                                                 --------------  ------------  -------------           ----  --------------
Totals                                           765,679,498.19  2,377,743.04  17,510,752.46           0.00  748,168,745.72
                                                 --------------  ------------  -------------           ----  --------------

<CAPTION>
                Total        Cumulative
  Class     Distribution   Realized Loss
--------    -------------  -------------
<S>         <C>            <C>
    A-1      7,029,001.55           0.00
    A-2      5,100,389.77           0.00
    A-3      7,329,436.40           0.00
   X-A1        227,227.63           0.00
   X-A2        126,700.49           0.00
    X-B              0.00           0.00
    B-1         24,976.77           0.00
    B-2         19,628.80           0.00
    B-3         12,305.69           0.00
    B-4          7,527.17           0.00
    B-5          2,823.07           0.00
    B-6          8,477.74           0.00
    A-R              0.42           0.00
            -------------           ----
Totals      19,888,495.50           0.00
            -------------           ----
</TABLE>

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

<PAGE>

                        PRINCIPAL DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
                              Beginning      Scheduled     Unscheduled                            Total          Ending
            Original Face    Certificate     Principal      Principal               Realized    Principal     Certificate
 Class         Amount          Balance      Distribution  Distribution   Accretion  Loss (1)    Reduction       Balance
--------   ---------------  --------------  ------------  -------------  ---------  --------  -------------  --------------
<S>        <C>              <C>             <C>           <C>            <C>        <C>       <C>            <C>
    A-1     380,510,000.00  358,109,313.39      2,051.88   6,054,086.04       0.00      0.00   6,056,137.92  352,053,175.47
    A-2     208,392,000.00  188,517,495.00        495.88   4,622,316.24       0.00      0.00   4,622,812.12  183,894,682.88
    A-3     218,330,615.00  194,514,911.80          0.00   6,831,802.42       0.00      0.00   6,831,802.42  187,683,109.37
   X-A1               0.00            0.00          0.00           0.00       0.00      0.00           0.00            0.00
   X-A2               0.00            0.00          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           0.00            0.00
    B-1       8,588,000.00    8,588,000.00          0.00           0.00       0.00      0.00           0.00    8,588,000.00
    B-2       6,134,000.00    6,134,000.00          0.00           0.00       0.00      0.00           0.00    6,134,000.00
    B-3       3,680,000.00    3,680,000.00          0.00           0.00       0.00      0.00           0.00    3,680,000.00
    B-4       2,453,000.00    2,453,000.00          0.00           0.00       0.00      0.00           0.00    2,453,000.00
    B-5         920,000.00      920,000.00          0.00           0.00       0.00      0.00           0.00      920,000.00
    B-6       2,762,778.00    2,762,778.00          0.00           0.00       0.00      0.00           0.00    2,762,778.00
    A-R             100.00            0.00          0.00           0.00       0.00      0.00           0.00            0.00
           ---------------  --------------      --------  -------------       ----      ----  -------------  --------------
Totals      831,770,493.00  765,679,498.19      2,547.76  17,508,204.70       0.00      0.00  17,510,752.46  748,168,745.72
           ---------------  --------------      --------  -------------       ----      ----  -------------  --------------

<CAPTION>
              Ending
           Certificate  Total Principal
 Class      Percentage   Distribution
--------   -----------  ---------------
<S>        <C>          <C>
    A-1     0.92521399     6,056,137.92
    A-2     0.88244598     4,622,812.12
    A-3     0.85962800     6,831,802.42
   X-A1     0.00000000             0.00
   X-A2     0.00000000             0.00
    X-B     0.00000000             0.00
    B-1     1.00000000             0.00
    B-2     1.00000000             0.00
    B-3     1.00000000             0.00
    B-4     1.00000000             0.00
    B-5     1.00000000             0.00
    B-6     1.00000000             0.00
    A-R     0.00000000             0.00
            ----------    -------------
Totals      0.89948940    17,510,752.46
            ----------    -------------
</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                                               Ending
         Original Face    Certificate     Principal    Principal                 Realized   Total Principal   Certificate
 Class      Amount          Balance     Distribution  Distribution   Accretion   Loss (3)      Reduction        Balance
-------  --------------  -------------  ------------  ------------  ----------  ----------  ---------------  -------------
<S>      <C>             <C>            <C>           <C>           <C>         <C>         <C>              <C>
    A-1  380,510,000.00   941.12983467    0.00539245   15.91045187  0.00000000  0.00000000      15.91584431   925.21399036
    A-2  208,392,000.00   904.62923241    0.00237955   22.18087182  0.00000000  0.00000000      22.18325137   882.44598104
    A-3  218,330,615.00   890.91908526    0.00000000   31.29108769  0.00000000  0.00000000      31.29108769   859.62799752
   X-A1            0.00     0.00000000    0.00000000    0.00000000  0.00000000  0.00000000       0.00000000     0.00000000
   X-A2            0.00     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
    B-1    8,588,000.00  1000.00000000    0.00000000    0.00000000  0.00000000  0.00000000       0.00000000  1000.00000000
    B-2    6,134,000.00  1000.00000000    0.00000000    0.00000000  0.00000000  0.00000000       0.00000000  1000.00000000
    B-3    3,680,000.00  1000.00000000    0.00000000    0.00000000  0.00000000  0.00000000       0.00000000  1000.00000000
    B-4    2,453,000.00  1000.00000000    0.00000000    0.00000000  0.00000000  0.00000000       0.00000000  1000.00000000
    B-5      920,000.00  1000.00000000    0.00000000    0.00000000  0.00000000  0.00000000       0.00000000  1000.00000000
    B-6    2,762,778.00  1000.00000000    0.00000000    0.00000000  0.00000000  0.00000000       0.00000000  1000.00000000
    A-R          100.00     0.00000000    0.00000000    0.00000000  0.00000000  0.00000000       0.00000000     0.00000000
         --------------  -------------    ----------   -----------  ----------  ----------      -----------  -------------

<CAPTION>
           Ending
         Certificate  Total Principal
 Class   Percentage     Distribution
-------  -----------  ---------------
<S>      <C>          <C>
    A-1   0.92521399      15.91584431
    A-2   0.88244598      22.18325137
    A-3   0.85962800      31.29108769
   X-A1   0.00000000       0.00000000
   X-A2   0.00000000       0.00000000
    X-B   0.00000000       0.00000000
    B-1   1.00000000       0.00000000
    B-2   1.00000000       0.00000000
    B-3   1.00000000       0.00000000
    B-4   1.00000000       0.00000000
    B-5   1.00000000       0.00000000
    B-6   1.00000000       0.00000000
    A-R   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     Current   Non-Supported
         Original Face   Certificate      Notional       Accrued      Interest    Interest    Interest     Realized  Total Interest
 Class       Amount         Rate           Balance       Interest     Shortfall  Shortfall    Shortfall    Loss (4)   Distribution
-------  --------------  -----------   --------------  ------------  ----------  ---------  -------------  --------  --------------
<S>      <C>             <C>           <C>             <C>           <C>         <C>        <C>            <C>       <C>
   A-1   380,510,000.00      3.26000%  358,109,313.39    972,863.63        0.00       0.00           0.00      0.00     972,863.63
   A-2   208,392,000.00      3.04000%  188,517,495.00    477,577.65        0.00       0.00           0.00      0.00     477,577.65
   A-3   218,330,615.00      3.07000%  194,514,911.80    497,633.98        0.00       0.00           0.00      0.00     497,633.98
  X-A1             0.00      0.49883%  546,626,808.39    227,227.63        0.00       0.00           0.00      0.00     227,227.63
  X-A2             0.00      0.78164%  194,514,911.80    126,700.49        0.00       0.00           0.00      0.00     126,700.49
   X-B             0.00      0.08973%   18,402,000.00      1,376.01        0.00       0.00           0.00      0.00           0.00
   B-1     8,588,000.00      3.49000%    8,588,000.00     24,976.01        0.00       0.00           0.00      0.00      24,976.77
   B-2     6,134,000.00      3.84000%    6,134,000.00     19,628.80        0.00       0.00           0.00      0.00      19,628.80
   B-3     3,680,000.00      4.24000%    3,680,000.00     13,002.67        0.00       0.00           0.00      0.00      12,305.69
   B-4     2,453,000.00      3.68227%    2,453,000.00      7,527.17        0.00       0.00           0.00      0.00       7,527.17
   B-5       920,000.00      3.68227%      920,000.00      2,823.07        0.00       0.00           0.00      0.00       2,823.07
   B-6     2,762,778.00      3.68227%    2,762,778.00      8,477.74        0.00       0.00           0.00      0.00       8,477.74
   A-R           100.00      4.01901%            0.00          0.00        0.00       0.00           0.00      0.00           0.42
-------  --------------  -----------   --------------  ------------  ----------  ---------  -------------  --------  --------------
Totals   831,770,493.00                                2,379,815.61        0.00       0.00           0.00      0.00   2,377,743.04
         --------------                                ------------  ----------  ---------  -------------  --------  --------------

<CAPTION>
           Remaining      Ending
             Unpaid    Certificate/
           Interest    Notational
 Class     Shortfall     Balance
-------    ---------  --------------
<S>        <C>        <C>
   A-1          0.00  352,053,175.47
   A-2          0.00  183,894,682.88
   A-3          0.00  187,683,109.37
  X-A1          0.00  535,947,858.35
  X-A2          0.00  187,683,109.37
   X-B          0.00   18,402,000.00
   B-1          0.00    8,588,000.00
   B-2          0.00    6,134,000.00
   B-3          0.00    3,680,000.00
   B-4          0.00    2,453,000.00
   B-5          0.00      920,000.00
   B-6          0.00    2,762,778.00
   A-R          0.00            0.00
-------    ---------  --------------
Totals          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>

                                          Beginning                  Payment of
                           Current      Certificate/     Current       Unpaid     Current    Non-Supported                  Total
 Class   Original Face   Certificate      Notional       Accrued      Interest    Interest     Interest      Realized     Interest
  (5)        Amount         Rate           Balance       Interest     Shortfall  Shortfall     Shortfall     Loss (6)   Distribution
-------  --------------  -----------   --------------  ------------  ----------  ---------   -------------  --------    ------------
<S>      <C>             <C>           <C>             <C>           <C>         <C>         <C>            <C>         <C>
   A-1   380,510,000.00    3.26000%      941.12983467   2.55673604   0.00000000  0.00000000    0.00000000   0.00000000   2.55673604
   A-2   208,392,000.00    3.04000%      904.62923241   2.29172737   0.00000000  0.00000000    0.00000000   0.00000000   2.29172737
   A-3   218,330,615.00    3.07000%      890.91908526   2.27926798   0.00000000  0.00000000    0.00000000   0.00000000   2.27926798
  X-A1             0.00    0.49883%      928.21353704   0.38584965   0.00000000  0.00000000    0.00000000   0.00000000   0.38584965
  X-A2             0.00    0.78164%      890.91908526   0.58031481   0.00000000  0.00000000    0.00000000   0.00000000   0.58031481
   X-B             0.00    0.08973%     1000.00000000   0.07477502   0.00000000  0.00000000    0.00000000   0.00000000   0.00000000
   B-1     8,588,000.00    3.49000%     1000.00000000   2.90833372   0.00000000  0.00000000    0.00000000   0.00000000   2.90833372
   B-2     6,134,000.00    3.84000%     1000.00000000   3.20000000   0.00000000  0.00000000    0.00000000   0.00000000   3.20000000
   B-3     3,680,000.00    4.24000%     1000.00000000   3.53333424   0.00000000  0.00000000    0.00000000   0.00000000   3.34393750
   B-4     2,453,000.00    3.68227%     1000.00000000   3.06855687   0.00000000  0.00000000    0.00000000   0.00000000   3.06855687
   B-5       920,000.00    3.68227%     1000.00000000   3.06855435   0.00000000  0.00000000    0.00000000   0.00000000   3.06855435
   B-6     2,762,778.00    3.68227%     1000.00000000   3.06855636   0.00000000  0.00000000    0.00000000   0.00000000   3.06855636
   A-R           100.00    4.01901%        0.00000000   0.00000000   0.00000000  0.00000000    0.00000000   0.00000000   4.20000000

<CAPTION>
          Remaining     Ending
            Unpaid   Certificate/
 Class    Interest    Notational
  (5)     Shortfall    Balance
-------  ----------  -------------
<S>      <C>         <C>
   A-1   0.00000000   925.21399036
   A-2   0.00000000   882.44598104
   A-3   0.00000000   859.62799752
  X-A1   0.00000000   910.07987467
  X-A2   0.00000000   859.62799752
   X-B   0.00000000  1000.00000000
   B-1   0.00000000  1000.00000000
   B-2   0.00000000  1000.00000000
   B-3   0.00000000  1000.00000000
   B-4   0.00000000  1000.00000000
   B-5   0.00000000  1000.00000000
   B-6   0.00000000  1000.00000000
   A-R   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.
<PAGE>

                       CERTIFICATEHOLDER ACCOUNT STATEMENT

                               CERTIFICATE ACCOUNT

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

Deposits
           Payments of Interest and Principal                             20,071,805.36
           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                                                            20,071,805.36

Withdrawals
           Reimbursement for Servicer Advances                                     0.00
           Payment of Service Fee                                            183,309.86
           Payment of Interest and Principal                              19,888,495.50
                                                                          -------------
Total Withdrawals (Pool Distribution Amount)                              20,071,805.36

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

                    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                                                 178,550.15
Master Servicing Fee                                                  4,759.71
Supported Prepayment/Curtailment Interest Shortfall                       0.00
                                                                    ----------

Net Servicing Fee                                                   183,309.86
                                                                    ==========
</TABLE>

<PAGE>

                                 OTHER ACCOUNTS

<TABLE>
<CAPTION>
                                      Beginning      Current      Current      Ending
           Account Type                Balance     Withdrawals    Deposits     Balance
           ------------               ---------    -----------    --------    --------
<S>                                   <C>          <C>            <C>         <C>
Class X-A1 Pool 1 Comp. Sub Amount     3,000.00          0.00         0.00    3,000.00
Class X-A1 Pool 2 Comp. Sub Amount     3,000.00          0.00         0.00    3,000.00
Class X-A2 Sub Amount                  3,000.00          0.00         0.00    3,000.00
Class X-B Sub Amount                     443.65      1,819.66     1,376.01        0.00
</TABLE>

             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                           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>

                                   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                           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>

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

<PAGE>

                           DELINQUENCY STATUS BY GROUP

                                   DELINQUENT

GROUP ONE

<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>

                                   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                           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>

                                   DELINQUENT

GROUP TWO

<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>

                                   BANKRUPTCY

                                    1.183654%

<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                           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>

<PAGE>

                              COLLATERAL STATEMENT

<TABLE>
<CAPTION>
Collateral Description                             Fixed & Mixed Arm
<S>                                                <C>
Weighted Average Gross Coupon                             4.068056%
Weighted Average Net Coupon                               3.692928%
Weighted Average Pass-Through Rate                        3.055973%
Weighted Average Maturity (Stepdown Calculation)               334

Beginning Scheduled Collateral Loan Count                    1,680
Number of Loans Paid in Full                                    29
Ending Scheduled Collateral Loan Count                       1,651

Beginning Scheduled Collateral Balance              571,164,587.30
Ending Scheduled Collateral Balance                 560,485,637.26
Ending Actual Collateral Balance at 29-Apr-2005     560,487,358.41

Monthly P&I Constant                                  1,938,822.46
Special Servicing Fee                                         0.00
Prepayment Penalties                                          0.00
Realization Loss Amount                                       0.00
Cumulative Realized Loss                                      0.00

Scheduled Principal                                       2,547.76
Unscheduled Principal                                10,676,402.28
</TABLE>

MISCELLANEOUS REPORTING

<TABLE>
<S>                                  <C>
Rapid Prepay Condition?                          NO
Underlying Certificate Balance       187,683,109.39
Underlying Certificate Interest          624,334.48
Underlying Certificate Principal       6,831,802.41
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
              GROUP                 GROUP ONE          GROUP TWO           TOTAL
<S>                               <C>              <C>                 <C>
Collateral Description                 Mixed ARM   6 Month LIBOR ARM        Mixed ARM
Weighted Average Coupon Rate            4.094385            4.018127         4.068056
Weighted Average Net Rate               3.719299            3.642917         3.692928

Weighted Average Maturity                    333                 337              334
Record Date                           04/29/2005          04/29/2005       04/29/2005
Principal and Interest Constant     1,278,012.53          660,809.93     1,938,822.46
Beginning Loan Count                       1,066                 614            1,680
Loans Paid in Full                            18                  11               29
Ending Loan Count                          1,048                 603            1,651
Beginning Scheduled Balance       373,964,032.24      197,200,555.06   571,164,587.30
Ending Scheduled Balance          367,907,894.32      192,577,742.94   560,485,637.26
Scheduled Principal                     2,051.88              495.88         2,547.76
Unscheduled Principal               6,054,086.04        4,622,316.24    10,676,402.28
Scheduled Interest                  1,275,960.65          660,314.05     1,936,274.70
Servicing Fee                         116,890.53           61,659.62       178,550.15
Master Servicing Fee                    3,116.37            1,643.34         4,759.71
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                        1,155,953.75          597,011.09     1,752,964.84
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
</TABLE>

<PAGE>

MISCELLANEOUS REPORTING

<TABLE>
<CAPTION>
Group One
---------
<S>                               <C>
One Month Libor Loan Balance      196,192,272.23
Six Month Libor Loan Balance      171,715,622.09
Principal Transfer Amount                   0.00
Interest Transfer Amount                    0.00
Pro Rata Senior Percent                95.760363%
Senior Percent                        100.000000%
Senior Prepayment Percent             100.000000%
Subordinate Percent                     0.000000%
Subordinate Prepayment Percent          0.000000%
</TABLE>

<TABLE>
<CAPTION>
Group Two
---------
<S>                               <C>
Principal Transfer Amount               0.00
Interest Transfer Amount                0.00
Pro Rata Senior Percent            95.596838%
Senior Percent                    100.000000%
Senior Prepayment Percent         100.000000%
Subordinate Percent                 0.000000%
Subordinate Prepayment Percent      0.000000%
</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 2005-2
                           RECORD DATE: APRIL 29, 2005
                         DISTRIBUTION DATE: MAY 20, 2005

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                   Certificate  Certificate
                      Class     Pass-Through       Beginning         Interest       Principal       Current     Ending Certificate
Class     CUSIP    Description      Rate      Certificate Balance  Distribution    Distribution  Realized Loss        Balance
------  ---------  -----------  ------------  -------------------  ------------  --------------  -------------  ------------------
<S>     <C>        <C>          <C>           <C>                  <C>           <C>             <C>            <C>
 A-1    81744FGY7      SEN        3.21000%      197,115,552.71       526,450.21   2,304,562.85        0.00         194,810,989.86
 A-2    81744FGZ4      SEN        3.36000%      122,518,522.86       343,051.86   5,893,865.91        0.00         116,624,656.95
 A-R    81744FHJ9      REZ        3.81706%                0.00             0.42           0.00        0.00                   0.00
 X-A    81744FHD2       IO        0.52654%                0.00       140,097.91           0.00        0.00                   0.00
 B-1    81744FHA8      SUB        3.38000%        6,016,000.00        16,928.57           0.00        0.00           6,016,000.00
 B-2    81744FHB6      SUB        3.66000%        3,266,000.00         9,951.60           0.00        0.00           3,266,000.00
 X-B    81744FHE0       IO        0.31550%                0.00         2,438.04           0.00        0.00                   0.00
 B-3    81744FHC4      SUB        3.79402%        1,890,000.00         5,969.77           0.00        0.00           1,890,000.00
 B-4    81744FHF7      SUB        3.79402%        1,231,000.00         3,888.25           0.00        0.00           1,231,000.00
 B-5    81744FHG5      SUB        3.79402%          687,000.00         2,169.96           0.00        0.00             687,000.00
 B-6    81744FHH3      SUB        3.79402%        1,549,605.55         4,894.60           0.00        0.00           1,549,605.55
                                                --------------     ------------   ------------        ----         --------------
Totals                                          334,273,681.12     1,055,841.19   8,198,428.76        0.00         326,075,252.36
                                                --------------     ------------   ------------        ----         --------------

<CAPTION>
            Total        Cumulative
Class    Distribution  Realized Loss
------  -------------  -------------
<S>     <C>            <C>
 A-1     2,831,013.06       0.00
 A-2     6,236,917.77       0.00
 A-R             0.42       0.00
 X-A       140,097.91       0.00
 B-1        16,928.57       0.00
 B-2         9,951.60       0.00
 X-B         2,438.04       0.00
 B-3         5,969.77       0.00
 B-4         3,888.25       0.00
 B-5         2,169.96       0.00
 B-6         4,894.60       0.00
         ------------       ----
Totals   9,254,269.95       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  Total Principal  Ending Certificate
Class       Amount          Balance     Distribution  Distribution  Accretion  Loss (1)    Reduction          Balance
------  --------------  --------------  ------------  ------------  ---------  --------  ---------------  ------------------
<S>     <C>             <C>             <C>           <C>           <C>        <C>       <C>              <C>
 A-1    202,462,000.00  197,115,552.71      611.52    2,303,951.33     0.00      0.00      2,304,562.85     194,810,989.86
 A-2    126,737,000.00  122,518,522.86      481.99    5,893,383.92     0.00      0.00      5,893,865.91     116,624,656.95
 A-R            100.00            0.00        0.00            0.00     0.00      0.00              0.00               0.00
 X-A              0.00            0.00        0.00            0.00     0.00      0.00              0.00               0.00
 B-1      6,016,000.00    6,016,000.00        0.00            0.00     0.00      0.00              0.00       6,016,000.00
 B-2      3,266,000.00    3,266,000.00        0.00            0.00     0.00      0.00              0.00       3,266,000.00
 X-B              0.00            0.00        0.00            0.00     0.00      0.00              0.00               0.00
 B-3      1,890,000.00    1,890,000.00        0.00            0.00     0.00      0.00              0.00       1,890,000.00
 B-4      1,231,000.00    1,231,000.00        0.00            0.00     0.00      0.00              0.00       1,231,000.00
 B-5        687,000.00      687,000.00        0.00            0.00     0.00      0.00              0.00         687,000.00
 B-6      1,549,605.55    1,549,605.55        0.00            0.00     0.00      0.00              0.00       1,549,605.55
        --------------  --------------    --------    ------------     ----      ----      ------------     --------------
Totals  343,838,705.55  334,273,681.12    1,093.51    8,197,335.25     0.00      0.00      8,198,428.76     326,075,252.36
        --------------  --------------    --------    ------------     ----      ----      ------------     --------------

<CAPTION>
        Ending Certificate  Total Principal
Class      Percentage         Distribution
------  ------------------  ---------------
<S>     <C>                 <C>
 A-1        0.96221014       2,304,562.85
 A-2        0.92021002       5,893,865.91
 A-R        0.00000000               0.00
 X-A        0.00000000               0.00
 B-1        1.00000000               0.00
 B-2        1.00000000               0.00
 X-B        0.00000000               0.00
 B-3        1.00000000               0.00
 B-4        1.00000000               0.00
 B-5        1.00000000               0.00
 B-6        1.00000000               0.00
            ----------       ------------
Totals      0.94833783       8,198,428.76
            ----------       ------------
</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   Total Principal  Ending Certificate
Class      Amount         Balance     Distribution  Distribution   Accretion    Loss (3)      Reduction          Balance
-----  --------------  -------------  ------------  ------------  -----------  ----------  ---------------  ------------------
<S>    <C>             <C>            <C>           <C>           <C>          <C>         <C>              <C>
 A-1   202,462,000.00   973.59283574   0.00302042   11.37967288   0.00000000   0.00000000    11.38269330       962.21014245
 A-2   126,737,000.00   966.71471520   0.00380307   46.50089492   0.00000000   0.00000000    46.50469800       920.21001720
 A-R           100.00     0.00000000   0.00000000    0.00000000   0.00000000   0.00000000     0.00000000         0.00000000
 X-A             0.00     0.00000000   0.00000000    0.00000000   0.00000000   0.00000000     0.00000000         0.00000000
 B-1     6,016,000.00  1000.00000000   0.00000000    0.00000000   0.00000000   0.00000000     0.00000000      1000.00000000
 B-2     3,266,000.00  1000.00000000   0.00000000    0.00000000   0.00000000   0.00000000     0.00000000      1000.00000000
 X-B             0.00     0.00000000   0.00000000    0.00000000   0.00000000   0.00000000     0.00000000         0.00000000
 B-3     1,890,000.00  1000.00000000   0.00000000    0.00000000   0.00000000   0.00000000     0.00000000      1000.00000000
 B-4     1,231,000.00  1000.00000000   0.00000000    0.00000000   0.00000000   0.00000000     0.00000000      1000.00000000
 B-5       687,000.00  1000.00000000   0.00000000    0.00000000   0.00000000   0.00000000     0.00000000      1000.00000000
 B-6     1,549,605.55  1000.00000000   0.00000000    0.00000000   0.00000000   0.00000000     0.00000000      1000.00000000

<CAPTION>
          Ending
       Certificate  Total Principal
Class  Percentage     Distribution
-----  -----------  ---------------
<S>    <C>          <C>
 A-1   0.96221014     11.38269330
 A-2   0.92021002     46.50469800
 A-R   0.00000000      0.00000000
 X-A   0.00000000      0.00000000
 B-1   1.00000000      0.00000000
 B-2   1.00000000      0.00000000
 X-B   0.00000000      0.00000000
 B-3   1.00000000      0.00000000
 B-4   1.00000000      0.00000000
 B-5   1.00000000      0.00000000
 B-6   1.00000000      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                  Payment of               Non-
                                           Certificate/     Current       Unpaid     Current   Supported
        Original Face        Current         Notional       Accrued      Interest    Interest   Interest  Realized  Total Interest
 Class     Amount       Certificate Rate     Balance       Interest      Shortfall  Shortfall  Shortfall  Loss (4)   Distribution
------  --------------  ----------------  --------------  ------------  ----------  ---------  --------   --------  --------------
<S>     <C>             <C>               <C>             <C>           <C>         <C>        <C>        <C>       <C>
  A-1   202,462,000.00       3.21000%     197,115,552.71    527,284.10     0.00        0.00      833.90     0.00       526,450.21
  A-2   126,737,000.00       3.36000%     122,518,522.86    343,051.86     0.00        0.00        0.00     0.00       343,051.86
  A-R           100.00       3.81706%               0.00          0.00     0.00        0.00        0.00     0.00             0.42
  X-A             0.00       0.52654%     319,634,075.57    140,251.18     0.00        0.00      153.27     0.00       140,097.91
  B-1     6,016,000.00       3.38000%       6,016,000.00     16,945.07     0.00        0.00       16.50     0.00        16,928.57
  B-2     3,266,000.00       3.66000%       3,266,000.00      9,961.30     0.00        0.00        9.70     0.00         9,951.60
  X-B             0.00       0.31550%       9,282,000.00      2,440.42     0.00        0.00        2.38     0.00         2,438.04
  B-3     1,890,000.00       3.79402%       1,890,000.00      5,975.59     0.00        0.00        5.82     0.00         5,969.77
  B-4     1,231,000.00       3.79402%       1,231,000.00      3,892.04     0.00        0.00        3.79     0.00         3,888.25
  B-5       687,000.00       3.79402%         687,000.00      2,172.08     0.00        0.00        2.12     0.00         2,169.96
  B-6     1,549,605.55       3.79402%       1,549,605.55      4,899.37     0.00        0.00        4.77     0.00         4,894.60
        --------------                                    ------------     ----        ----    --------     ----     ------------
Totals  343,838,705.55                                    1,056,873.01     0.00        0.00    1,032.25     0.00     1,055,841.19
        --------------                                    ------------     ----        ----    --------     ----     ------------

<CAPTION>
        Remaining      Ending
          Unpaid    Certificate/
         Interest   Notational
 Class  Shortfall     Balance
------  ---------  --------------
<S>     <C>        <C>
  A-1     0.00     194,810,989.86
  A-2     0.00     116,624,656.95
  A-R     0.00               0.00
  X-A     0.00     311,435,646.81
  B-1     0.00       6,016,000.00
  B-2     0.00       3,266,000.00
  X-B     0.00       9,282,000.00
  B-3     0.00       1,890,000.00
  B-4     0.00       1,231,000.00
  B-5     0.00         687,000.00
  B-6     0.00       1,549,605.55
          ----
Totals    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-1   202,462,000.00   3.21000%      973.59283574       2.60436082    0.00000000  0.00000000  0.00411880  0.00000000
 A-2   126,737,000.00   3.36000%      966.71471520       2.70680117    0.00000000  0.00000000  0.00000000  0.00000000
 A-R           100.00   3.81706%        0.00000000       0.00000000    0.00000000  0.00000000  0.00000000  0.00000000
 X-A             0.00   0.52654%      970.94485576       0.42603769    0.00000000  0.00000000  0.00046558  0.00000000
 B-1     6,016,000.00   3.38000%     1000.00000000       2.81666722    0.00000000  0.00000000  0.00274269  0.00000000
 B-2     3,266,000.00   3.66000%     1000.00000000       3.05000000    0.00000000  0.00000000  0.00296999  0.00000000
 X-B             0.00   0.31550%     1000.00000000       0.26291963    0.00000000  0.00000000  0.00025641  0.00000000
 B-3     1,890,000.00   3.79402%     1000.00000000       3.16168783    0.00000000  0.00000000  0.00307937  0.00000000
 B-4     1,231,000.00   3.79402%     1000.00000000       3.16168968    0.00000000  0.00000000  0.00307880  0.00000000
 B-5       687,000.00   3.79402%     1000.00000000       3.16168850    0.00000000  0.00000000  0.00308588  0.00000000
 B-6     1,549,605.55   3.79402%     1000.00000000       3.16168847    0.00000000  0.00000000  0.00307820  0.00000000

<CAPTION>
                         Remaining
                          Unpaid
Class    Total Interest   Interest   Ending Certificate/
 (5)      Distribution   Shortfall    Notational Balance
-----    --------------  ----------  -------------------
<S>      <C>             <C>         <C>
 A-1       2.60024207    0.00000000      962.21014245
 A-2       2.70680117    0.00000000      920.21001720
 A-R       4.20000000    0.00000000        0.00000000
 X-A       0.42557210    0.00000000      946.04068302
 B-1       2.81392453    0.00000000     1000.00000000
 B-2       3.04703001    0.00000000     1000.00000000
 X-B       0.26266322    0.00000000     1000.00000000
 B-3       3.15860847    0.00000000     1000.00000000
 B-4       3.15861089    0.00000000     1000.00000000
 B-5       3.15860262    0.00000000     1000.00000000
 B-6       3.15861027    0.00000000     1000.00000000
</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                          9,365,680.34
            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                                                          9,365,680.34

Withdrawals
            Reimbursement for Servicer Advances                                 0.00
            Payment of Service Fee                                        111,410.39
            Payment of Interest and Principal                           9,254,269.95
                                                                        ------------
Total Withdrawals (Pool Distribution Amount)                            9,365,680.34

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   1,032.25
                                                          ========
</TABLE>

                                 SERVICING FEES

<TABLE>
<S>                                                   <C>
Gross Servicing Fee                                   106,535.56
Master Servicing Fee                                    4,874.83
Supported Prepayment/Curtailment Interest Shortfall         0.00
                                                      ----------

Net Servicing Fee                                     111,410.39
                                                      ==========
</TABLE>

                                 OTHER ACCOUNTS

<TABLE>
<CAPTION>
               Beginning     Current     Current    Ending
Account Type    Balance    Withdrawals   Deposits   Balance
------------   ---------   -----------   --------   -------
<S>            <C>         <C>           <C>       <C>
Reserve Fund   4,500.00       0.00        0.00     4,500.00
Reserve Fund   4,500.00       0.00        0.00     4,500.00
Reserve Fund   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              13          3,677,900.75
60 Days               2            729,998.96
90 Days               0                  0.00
120 Days              0                  0.00
150 Days              0                  0.00
180+ Days             0                  0.00
                   ----          ------------
                     15          4,407,899.71
</TABLE>

<TABLE>
<CAPTION>
                   No. of        Principal
                    Loans         Balance
<S>               <C>            <C>
0-29 Days         0.000000%      0.000000%
30 Days           1.465614%      1.127927%
60 Days           0.225479%      0.223874%
90 Days           0.000000%      0.000000%
120 Days          0.000000%      0.000000%
150 Days          0.000000%      0.000000%
180+ Days         0.000000%      0.000000%
                  --------       --------
                  1.691094%      1.351801%
</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           13            3,677,900.75
60 Days            2              729,998.96
90 Days            0                    0.00
120 Days           0                    0.00
150 Days           0                    0.00
180+ Days          0                    0.00
                ----            ------------
                  15            4,407,899.71
</TABLE>

<TABLE>
<CAPTION>
                No. of         Principal
                 Loans          Balance
<S>            <C>             <C>
0-29 Days      0.000000%       0.000000%
30 Days        1.465614%       1.127927%
60 Days        0.225479%       0.223874%
90 Days        0.000000%       0.000000%
120 Days       0.000000%       0.000000%
150 Days       0.000000%       0.000000%
180+ Days      0.000000%       0.000000%
               --------        --------
               1.691094%       1.351801%
</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  0.00
</TABLE>

<TABLE>
<CAPTION>
                 Original $           Original%        Current $          Current %      Current Class %     Prepayment %
               -------------         -----------     -------------       -----------     ---------------     ------------
<S>            <C>                   <C>             <C>                 <C>             <C>                 <C>
Class A        14,639,605.55         4.25769563%     14,639,605.55       4.48964018%        95.510360%         0.000000%
Class B-1       8,623,605.55         2.50803805%      8,623,605.55       2.64466729%         1.844973%        41.094003%
Class B-2       5,357,605.55         1.55817407%      5,357,605.55       1.64305801%         1.001609%        22.309344%
Class B-3       3,467,605.55         1.00849773%      3,467,605.55       1.06343721%         0.579621%        12.910184%
Class B-4       2,236,605.55         0.65048103%      2,236,605.55       0.68591699%         0.377520%         8.408697%
Class B-5       1,549,605.55         0.45067804%      1,549,605.55       0.47522943%         0.210688%         4.692749%
Class B-6               0.00         0.00000000%              0.00       0.00000000%         0.475229%        10.585023%
</TABLE>

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

<PAGE>

                           DELINQUENCY STATUS BY GROUP

                                   DELINQUENT
GROUP ONE

<TABLE>
<CAPTION>
                    No. of         Principal
                    Loans           Balance
<S>                 <C>          <C>
0-29 Days             0                  0.00
30 Days               8          2,641,940.80
60 Days               1             80,000.00
90 Days               0                  0.00
120 Days              0                  0.00
150 Days              0                  0.00
180+ Days             0                  0.00
                    ---          ------------
                      9          2,721,940.80
</TABLE>

<TABLE>
<CAPTION>
                    No. of       Principal
                    Loans         Balance
<S>               <C>            <C>
0-29 Days         0.000000%      0.000000%
30 Days           1.486989%      1.296179%
60 Days           0.185874%      0.039249%
90 Days           0.000000%      0.000000%
120 Days          0.000000%      0.000000%
150 Days          0.000000%      0.000000%
180+ Days         0.000000%      0.000000%
                  --------       --------
                  1.672862%      1.335428%
</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            8            2,641,940.80
60 Days            1               80,000.00
90 Days            0                    0.00
120 Days           0                    0.00
150 Days           0                    0.00
180+ Days          0                    0.00
                 ---            ------------
                   9            2,721,940.80
</TABLE>

<TABLE>
<CAPTION>
                No. of         Principal
                 Loans          Balance
<S>            <C>             <C>
0-29 Days      0.000000%       0.000000%
30 Days        1.486989%       1.296179%
60 Days        0.185874%       0.039249%
90 Days        0.000000%       0.000000%
120 Days       0.000000%       0.000000%
150 Days       0.000000%       0.000000%
180+ Days      0.000000%       0.000000%
               --------        --------
               1.672862%       1.335428%
</TABLE>

                                   DELINQUENT

GROUP TWO

<TABLE>
<CAPTION>
                   No. of          Principal
                    Loans           Balance
<S>                <C>           <C>
0-29 Days             0                  0.00
30 Days               5          1,035,959.95
60 Days               1            649,998.96
90 Days               0                  0.00
120 Days              0                  0.00
150 Days              0                  0.00
180+ Days             0                  0.00
                   ----          ------------
                      6          1,685,958.91
</TABLE>

<TABLE>
<CAPTION>
                   No. of        Principal
                    Loans         Balance
<S>               <C>            <C>
0-29 Days         0.000000%      0.000000%
30 Days           1.432665%      0.847406%
60 Days           0.286533%      0.531693%
90 Days           0.000000%      0.000000%
120 Days          0.000000%      0.000000%
150 Days          0.000000%      0.000000%
180+ Days         0.000000%      0.000000%
                  --------       --------
                  1.719198%      1.379099%
</TABLE>

                                   BANKRUPTCY

<TABLE>
<CAPTION>
               1.183654%
                 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            5          1,035,959.95
60 Days            1            649,998.96
90 Days            0                  0.00
120 Days           0                  0.00
150 Days           0                  0.00
180+ Days          0                  0.00
                 ---          ------------
                   6          1,685,958.91
</TABLE>

<TABLE>
<CAPTION>
                 No. of       Principal
                 Loans         Balance
<S>            <C>            <C>
0-29 Days      0.000000%      0.000000%
30 Days        1.432665%      0.847406%
60 Days        0.286533%      0.531693%
90 Days        0.000000%      0.000000%
120 Days       0.000000%      0.000000%
150 Days       0.000000%      0.000000%
180+ Days      0.000000%      0.000000%
               --------       --------
               1.719198%      1.379099%
</TABLE>

<PAGE>

                              COLLATERAL STATEMENT

<TABLE>
<CAPTION>
Collateral Description                                                           Mixed ARM
<S>                                                                            <C>
Weighted Average Gross Coupon                                                        4.193990%
Weighted Average Net Coupon                                                          3.811541%
Weighted Average Pass-Through Rate                                                   3.794041%
Weighted Average Maturity (Stepdown Calculation)                                          335

Beginning Scheduled Collateral Loan Count                                                 910
Number of Loans Paid in Full                                                               23
Ending Scheduled Collateral Loan Count                                                    887

Beginning Scheduled Collateral Balance                                         334,273,681.12
Ending Scheduled Collateral Balance                                            326,075,252.36
Ending Actual Collateral Balance at 29-Apr-2005                                326,076,063.56

Monthly P&I Constant                                                             1,169,377.18
Special Servicing Fee                                                                    0.00
Prepayment Penalties                                                                     0.00
Realization Loss Amount                                                                  0.00
Cumulative Realized Loss                                                                 0.00

Class A Optimal Amount                                                           9,209,015.91

Scheduled Principal                                                                  1,093.51
Unscheduled Principal                                                            8,197,335.25
</TABLE>

MISCELLANEOUS REPORTING

<TABLE>
<S>                                                                             <C>
Pro Rata Senior Percent                                                         95.620473%
Pro Rata Subordinate Percent                                                     4.379527%
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
        GROUP                                                 ONE                            TWO                    TOTAL
<S>                                                     <C>                            <C>                     <C>
Collateral Description                                       Mixed ARM                      Mixed ARM               Mixed ARM
Weighted Average Coupon Rate                                  4.198311                       4.187039                4.193990
Weighted Average Net Rate                                     3.817496                       3.801961                3.811541
Pass-Through Rate                                             3.799996                       3.784461                3.794041
Weighted Average Maturity                                          332                            340                     335
Record Date                                                 04/29/2005                     04/29/2005              04/29/2005
Principal and Interest Constant                             721,774.99                     447,602.19            1,169,377.18
Beginning Loan Count                                               547                            363                     910
Loans Paid in Full                                                   9                             14                      23
Ending Loan Count                                                  538                            349                     887
Beginning Scheduled Balance                             206,129,605.66                 128,144,075.46          334,273,681.12
Ending Scheduled Balance                                203,825,042.81                 122,250,209.55          326,075,252.36
Scheduled Principal                                             611.52                         481.99                1,093.51
Unscheduled Principal                                     2,303,951.33                   5,893,383.92            8,197,335.25
Scheduled Interest                                          721,163.47                     447,120.20            1,168,283.67
Servicing Fee                                                65,414.30                      41,121.26              106,535.56
Master Servicing Fee                                          3,006.06                       1,868.77                4,874.83
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                                                652,743.11                     404,130.17            1,056,873.28
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
</TABLE>

<PAGE>

MISCELLANEOUS REPORTING

<TABLE>
<S>                                                                           <C>
Group One
One Month Libor Loan Balance                                                  108,232,814.30
Principal Transfer Amount                                                               0.00
Senior Percent                                                                    100.000000%
Senior Prepayment Percent                                                         100.000000%
Subordinate Percent                                                                 0.000000%
Subordinate Prepayment Percent                                                      0.000000%
Interest Transfer Amount                                                                0.00

Group Two
Six-Month Libor Loan Balance                                                   95,592,228.51
Principal Transfer Amount                                                               0.00
Senior Percent                                                                    100.000000%
Senior Prepayment Percent                                                         100.000000%
Subordinate Percent                                                                 0.000000%
Subordinate Prepayment Percent                                                      0.000000%
Interest Transfer Amount                                                                0.00
</TABLE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00086-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00086-of-00352.parquet"}]]