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 2005-2
                          RECORD DATE: AUGUST 31, 2005
                      DISTRIBUTION DATE: SEPTEMBER 20, 2005

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                   Certificate   Certificate     Beginning
                      Class     Pass-Through    Certificate     Interest
Class     CUSIP    Description      Rate          Balance     Distribution
------  ---------  -----------  ------------  --------------  ------------
<S>     <C>        <C>          <C>           <C>             <C>
A-1     81744FGY7      SEN        3.82938%    170,257,224.51    527,890.75
A-2     81744FGZ4      SEN        4.29000%    101,753,949.55    363,770.37
A-R     81744FHJ9      REZ        4.09652%              0.00          0.26
X-A     81744FHD2       IO        0.77841%              0.00    172,809.53
B-1     81744FHA8      SUB        3.99938%      6,016,000.00     19,701.76
B-2     81744FHB6      SUB        4.27938%      3,266,000.00     11,444.63
X-B     81744FHE0       IO        0.68335%              0.00      5,193.89
B-3     81744FHC4      SUB        4.78126%      1,890,000.00      7,399.60
B-4     81744FHF7      SUB        4.78126%      1,231,000.00      4,819.53
B-5     81744FHG5      SUB        4.78126%        687,000.00      2,689.70
B-6     81744FHH3      SUB        4.78126%      1,549,605.55      6,066.91
                                              --------------  ------------
Totals                                        286,650,779.61  1,121,876.93
                                              ==============  ============

<CAPTION>
                        Current      Ending                     Cumulative
           Principal   Realized    Certificate       Total       Realized
Class    Distribution    Loss        Balance      Distribution     Loss
------  -------------  --------  --------------  -------------  ----------
<S>     <C>            <C>       <C>             <C>            <C>
A-1     15,989,291.32    0.00    154,267,933.19  16,517,272.07     0.00
A-2     10,241,636.57    0.00     91,512,312.98  10,605,406.94     0.00
A-R              0.00    0.00              0.00           0.26     0.00
X-A              0.00    0.00              0.00     172,809.53     0.00
B-1              0.00    0.00      6,016,000.00      19,701.76     0.00
B-2              0.00    0.00      3,266,000.00      11,444.63     0.00
X-B              0.00    0.00              0.00       5,193.89     0.00
B-3              0.00    0.00      1,890,000.00       7,399.60     0.00
B-4              0.00    0.00      1,231,000.00       4,819.53     0.00
B-5              0.00    0.00        687,000.00       2,689.70     0.00
B-6              0.00    0.00      1,549,605.55       6,066.91     0.00
        -------------    ----    --------------  -------------     ----
Totals  26,230,927.89    0.00    260,419,815.72  27,352,804.82     0.00
        =============    ====    ==============  =============     ====
</TABLE>

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

                        PRINCIPAL DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
                           Beginning      Scheduled    Unscheduled
            Original      Certificate     Principal     Principal
Class     Face Amount       Balance     Distribution   Distribution  Accretion
------  --------------  --------------  ------------  -------------  ---------
<S>     <C>             <C>             <C>           <C>            <C>
A-1     202,462,000.00  170,257,224.51       0.00     15,989,291.32     0.00
A-2     126,737,000.00  101,753,949.55     930.02     10,240,706.55     0.00
A-R             100.00            0.00       0.00              0.00     0.00
X-A               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
B-2       3,266,000.00    3,266,000.00       0.00              0.00     0.00
X-B               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
B-4       1,231,000.00    1,231,000.00       0.00              0.00     0.00
B-5         687,000.00      687,000.00       0.00              0.00     0.00
B-6       1,549,605.55    1,549,605.55       0.00              0.00     0.00
        --------------  --------------     ------     -------------     ----
Totals  343,838,705.55  286,650,779.61     930.02     26,229,997.87     0.00
        ==============  ==============     ======     =============     ====

<CAPTION>
                      Total          Ending         Ending        Total
        Realized    Principal      Certificate   Certificate    Principal
Class   Loss (1)    Reduction        Balance      Percentage   Distribution
------  --------  -------------  --------------  -----------  -------------
<S>     <C>       <C>            <C>             <C>          <C>
A-1       0.00    15,989,291.32  154,267,933.19   0.76195994  15,989,291.32
A-2       0.00    10,241,636.57   91,512,312.98   0.72206469  10,241,636.57
A-R       0.00             0.00            0.00   0.00000000           0.00
X-A       0.00             0.00            0.00   0.00000000           0.00
B-1       0.00             0.00    6,016,000.00   1.00000000           0.00
B-2       0.00             0.00    3,266,000.00   1.00000000           0.00
X-B       0.00             0.00            0.00   0.00000000           0.00
B-3       0.00             0.00    1,890,000.00   1.00000000           0.00
B-4       0.00             0.00    1,231,000.00   1.00000000           0.00
B-5       0.00             0.00      687,000.00   1.00000000           0.00
B-6       0.00             0.00    1,549,605.55   1.00000000           0.00
          ----    -------------  --------------   ----------  -------------
Totals    0.00    26,230,927.89  260,419,851.72   0.75738958  26,230,927.89
          ====    =============  ==============   ==========  =============
</TABLE>

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

<TABLE>
<CAPTION>
                         Beginning      Scheduled    Unscheduled
        Original Face   Certificate     Principal     Principal                Realized
Class      Amount         Balance     Distribution  Distribution   Accretion   Loss (3)
-----  --------------  -------------  ------------  ------------  ----------  ----------
<S>    <C>             <C>            <C>           <C>           <C>         <C>
 A-1   202,462,000.00   840.93422227   0.00000000    78.97428317  0.00000000  0.00000000
 A-2   126,737,000.00   802.87484752   0.00733819    80.80281646  0.00000000  0.00000000
 A-R           100.00     0.00000000   0.00000000     0.00000000  0.00000000  0.00000000
 X-A             0.00     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
 B-2     3,266,000.00  1000.00000000   0.00000000     0.00000000  0.00000000  0.00000000
 X-B             0.00     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
 B-4     1,231,000.00  1000.00000000   0.00000000     0.00000000  0.00000000  0.00000000
 B-5       687,000.00  1000.00000000   0.00000000     0.00000000  0.00000000  0.00000000
 B-6     1,549,605.55  1000.00000000   0.00000000     0.00000000  0.00000000  0.00000000

<CAPTION>
          Total         Ending        Ending        Total
        Principal    Certificate   Certificate    Principal
Class   Reduction      Balance      Percentage  Distribution
-----  -----------  -------------  -----------  ------------
<S>    <C>          <C>            <C>          <C>
 A-1   78.97428317   761.95993910   0.76195994   78.97428317
 A-2   80.81015465   722.06469287   0.72206469   80.81015465
 A-R    0.00000000     0.00000000   0.00000000    0.00000000
 X-A    0.00000000     0.00000000   0.00000000    0.00000000
 B-1    0.00000000  1000.00000000   1.00000000    0.00000000
 B-2    0.00000000  1000.00000000   1.00000000    0.00000000
 X-B    0.00000000     0.00000000   0.00000000    0.00000000
 B-3    0.00000000  1000.00000000   1.00000000    0.00000000
 B-4    0.00000000  1000.00000000   1.00000000    0.00000000
 B-5    0.00000000  1000.00000000   1.00000000    0.00000000
 B-6    0.00000000  1000.00000000   1.00000000    0.00000000
</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
Class       Amount      Certificate Rate      Balance       Interest     Shortfall  Shortfall  Shortfall  Loss (4)
-----   --------------  ----------------  --------------  ------------  ----------  ---------  ---------  --------
<S>     <C>             <C>               <C>             <C>           <C>         <C>        <C>        <C>
  A-1   202,462,000.00      3.82938%      170,257,224.51    543,316.34     0.00        0.00    15,335.59    0.00
  A-2   126,737,000.00      4.29000%      101,753,949.55    363,770.37     0.00        0.00         0.00    0.00
  A-R           100.00      4.09652%                0.00          0.00     0.00        0.00         0.00    0.00
  X-A             0.00      0.77841%      272,011,174.06    176,446.09     0.00        0.00     3,636.57    0.00
  B-1     6,016,000.00      3.99938%        6,016,000.00     20,050.23     0.00        0.00       348.46    0.00
  B-2     3,266,000.00      4.27938%        3,266,000.00     11,647.05     0.00        0.00       202.42    0.00
  X-B             0.00      0.68335%        9,282,000.00      5,285.75     0.00        0.00        91.86    0.00
  B-3     1,890,000.00      4.78126%        1,890,000.00      7,530.48     0.00        0.00       130.88    0.00
  B-4     1,231,000.00      4.78126%        1,231,000.00      4,904.77     0.00        0.00        85.24    0.00
  B-5       687,000.00      4.78126%          687,000.00      2,737.27     0.00        0.00        47.57    0.00
  B-6     1,549,605.55      4.78126%        1,549,605.55      6,174.22     0.00        0.00       107.31    0.00
        --------------                                    ------------     ----        ----    ---------    ----
Totals  343,838,705.55                                    1,141,862.57     0.00        0.00    19,985.90    0.00
        ==============                                    ============     ====        ====    =========    ====

<CAPTION>
                        Remaining      Ending
                          Unpaid    Certificate/
        Total Interest   Interest    Notational
Class    Distribution   Shortfall      Balance
-----   --------------  ---------  --------------
<S>     <C>             <C>        <C>
  A-1      527,980.75      0.00    154,267,933.19
  A-2      363,770.37      0.00     91,512,312.98
  A-R            0.26      0.00              0.00
  X-A      172,809.53      0.00    245,780,246.17
  B-1       19,701.76      0.00      6,016,000.00
  B-2       11,444.63      0.00      3,266,000.00
  X-B        5,193.89      0.00      9,282,000.00
  B-3        7,399.60      0.00      1,890,000.00
  B-4        4,819.53      0.00      1,231,000.00
  B-5        2,689.70      0.00        687,000.00
  B-6        6,066.91      0.00      1,549,605.55
         ------------      ----
Totals   1,121,876.93      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
                             Current        Beginning                       of Unpaid    Current   Non-Supported
            Original Face  Certificate    Certificate/    Current Accrued   Interest    Interest      Interest     Realized
Class (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    3.82938%      840.93422227      2.68354723    0.00000000  0.00000000    0.07574552   0.00000000
   A-2     126,737,000.00    4.29000%      802.87484752      2.87027758    0.00000000  0.00000000    0.00000000   0.00000000
   A-R             100.00    4.09652%        0.00000000      0.00000000    0.00000000  0.00000000    0.00000000   0.00000000
   X-A               0.00    0.77841%      826.28189654      0.53598611    0.00000000  0.00000000    0.01104672   0.00000000
   B-1       6,016,000.00    3.99938%     1000.00000000      3.33281749    0.00000000  0.00000000    0.05792221   0.00000000
   B-2       3,266,000.00    4.27938%     1000.00000000      3.56615126    0.00000000  0.00000000    0.06197795   0.00000000
   X-B               0.00    0.68335%     1000.00000000      0.56946240    0.00000000  0.00000000    0.00989657   0.00000000
   B-3       1,890,000.00    4.78126%     1000.00000000      3.98438095    0.00000000  0.00000000    0.06924868   0.00000000
   B-4       1,231,000.00    4.78126%     1000.00000000      3.98437855    0.00000000  0.00000000    0.06924309   0.00000000
   B-5         687,000.00    4.78126%     1000.00000000      3.98438137    0.00000000  0.00000000    0.06924309   0.00000000
   B-6       1,549,605.55    4.78126%     1000.00000000      3.98438170    0.00000000  0.00000000    0.06924988   0.00000000

<CAPTION>
                            Remaining
                             Unpaid
           Total Interest   Interest   Ending Certificate/
Class (5)   Distribution    Shortfall   Notational Balance
---------  --------------  ----------  -------------------
<S>        <C>             <C>         <C>
   A-1       2.60780171    0.00000000      761.95993910
   A-2       2.87027758    0.00000000      722.06469287
   A-R       2.60000000    0.00000000        0.00000000
   X-A       0.52493941    0.00000000      746.60082859
   B-1       3.27489362    0.00000000     1000.00000000
   B-2       0.50417330    0.00000000     1000.00000000
   X-B       0.55956583    0.00000000     1000.00000000
   B-3       3.91513228    0.00000000     1000.00000000
   B-4       3.91513404    0.00000000     1000.00000000
   B-5       3.91513828    0.00000000     1000.00000000
   B-6       3.91513182    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                              27,452,771.39
   Liquidations, Insurance Proceeds, Reserve Funds                          0.00
   Proceeds from Repurchased Loans                                          0.00
   Other Amounts (Servicer Advances)                                   22,314.95
   Realized Losses (Gains, Subsequent Expenses & Recoveries)                0.00
   Prepayment Penalties                                                     0.00
                                                                   -------------
Total Deposits                                                     27,475,086.34

Withdrawals
   Reimbursement for Servicer Advances                                 26,964.39
   Payment of Service Fee                                              95,317.13
   Payment of Interest and Principal                               27,352,804.82
                                                                   -------------
Total Withdrawals (Pool Distribution Amount)                       27,475,086.34
Ending Balance                                                              0.00
                                                                   =============
</TABLE>
<PAGE>
                    PREPAYMENT/CURTAILMENT INTEREST SHORTFALL

<TABLE>
<S>                                                                    <C>
Total Prepayment/Curtailment Interest Shortfall                        19,985.90
Servicing Fee Support                                                       0.00
                                                                       ---------
Non-Supported Prepayment Curtailment Interest Shortfall                19,985.90
                                                                       =========
</TABLE>

                                 SERVICING FEES

<TABLE>
<S>                                                                    <C>
Gross Servicing Fee                                                    91,136.81
Master Servicing Fee                                                    4,180.32
Supported Prepayment/Curtailment Interest Shortfall                         0.00
                                                                       ---------
Net Servicing Fee                                                      95,317.13
                                                                       =========
</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

<TABLE>
<CAPTION>
           DELINQUENT                     BANKRUPTCY                    FORECLOSURE
-------------------------------  ----------------------------  ----------------------------
           No. of    Principal              No. of  Principal             No. of  Principal
            Loans     Balance                Loans   Balance               Loans   Balance
           ------  ------------             ------  ---------             ------  ---------
<S>        <C>     <C>           <C>        <C>     <C>        <C>        <C>     <C>
0-29 Days     0            0.00  0-29 Days     0       0.00    0-29 Days     0       0.00
30 Days      16    5,213,052.78  30 Days       0       0.00    30 Days       0       0.00
60 Days       1      232,000.00  60 Days       0       0.00    60 Days       0       0.00
90 Days       0            0.00  90 Days       0       0.00    90 Days       0       0.00
120 Days      0            0.00  120 Days      0       0.00    120 Days      0       0.00
150 Days      0            0.00  150 Days      0       0.00    150 Days      0       0.00
180+ Days     0            0.00  180+ Days     0       0.00    180+ Days     0       0.00
            ---    ------------              ---       ----                ---       ----
             17    5,445,052.78                0       0.00                  0       0.00

<CAPTION>
             REO                           TOTAL
----------------------------  -------------------------------
           No. of  Principal             No. of    Principal
            Loans   Balance               Loans     Balance
           ------  ---------             ------  ------------
<S>        <C>     <C>        <C>        <C>     <C>
0-29 Days     0       0.00    0-29 Days     0            0.00
30 Days       0       0.00    30 Days      16    5,213,052.78
60 Days       0       0.00    60 Days       1      232,000.00
90 Days       0       0.00    90 Days       0            0.00
120 Days      0       0.00    120 Days      0            0.00
150 Days      0       0.00    150 Days      0            0.00
180+ Days     0       0.00    180+ Days     0            0.00
            ---       ----                ---    ------------
              0       0.00                 17    5,445,052.78
</TABLE>

<TABLE>
<CAPTION>
          DELINQUENT                      BANKRUPTCY                      FORECLOSURE
------------------------------  ------------------------------  ------------------------------
            No. of   Principal              No. of   Principal              No. of   Principal
             Loans    Balance                Loans    Balance                Loans    Balance
           --------  ---------             --------  ---------             --------  ---------
<S>        <C>       <C>        <C>        <C>       <C>        <C>        <C>       <C>
0-29 Days  0.000000% 0.000000%  0-29 Days  0.000000% 0.000000%  0-29 Days  0.000000% 0.000000%
30 Days    2.197802% 2.001778%  30 Days    0.000000% 0.000000%  30 Days    0.000000% 0.000000%
60 Days    0.137363% 0.089086%  60 Days    0.000000% 0.000000%  60 Days    0.000000% 0.000000%
90 Days    0.000000% 0.000000%  90 Days    0.000000% 0.000000%  90 Days    0.000000% 0.000000%
120 Days   0.000000% 0.000000%  120 Days   0.000000% 0.000000%  120 Days   0.000000% 0.000000%
150 Days   0.000000% 0.000000%  150 Days   0.000000% 0.000000%  150 Days   0.000000% 0.000000%
180+ Days  0.000000% 0.000000%  180+ Days  0.000000% 0.000000%  180+ Days  0.000000% 0.000000%
           --------  ---------             --------  ---------             --------  ---------
           2.335165% 2.090864%             0.000000% 0.000000%             0.000000% 0.000000%

<CAPTION>
              REO                            TOTAL
------------------------------  ------------------------------
            No. of   Principal              No. of   Principal
             Loans    Balance                Loans    Balance
           --------  ---------             --------  ---------
<S>        <C>       <C>        <C>        <C>       <C>
0-29 Days  0.000000% 0.000000%  0-29 Days  0.000000% 0.000000%
30 Days    0.000000% 0.000000%  30 Days    2.197802% 2.001778%
60 Days    0.000000% 0.000000%  60 Days    0.137363% 0.089086%
90 Days    0.000000% 0.000000%  90 Days    0.000000% 0.000000%
120 Days   0.000000% 0.000000%  120 Days   0.000000% 0.000000%
150 Days   0.000000% 0.000000%  150 Days   0.000000% 0.000000%
180+ Days  0.000000% 0.000000%  180+ Days  0.000000% 0.000000%
           --------  ---------             --------  ---------
           0.000000% 0.000000%             2.335165% 2.090864%
</TABLE>

Current Period Class A Insufficient Funds: 0.00

Principal Balance of Contaminated Properties 0.00

Periodic Advance 22,314.95

<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  5.62153978%    94.378460%      0.000000%
Class B-1   8,623,605.55  2.50803805%  8,623,605.55  3.31142403%     2.310116%     41.094003%
Class B-2   5,357,605.55  1.55817407%  5,357,605.55  2.05729537%     1.254129%     22.309344%
Class B-3   3,467,605.55  1.00849773%  3,467,605.00  1.33154425%     0.725751%     12.910184%
Class B-4   2,236,605.55  0.65048103%  2,236,605.55  0.85884603%     0.472698%      8.408697%
Class B-5   1,549,605.55  0.45067804%  1,549,605.55  0.59504125%     0.263805%      4.692749%
Class B-6           0.00  0.00000000%          0.00  0.00000000%     0.595041%     10.585023%
</TABLE>

Please refer to the prospectus supplement for a full description of loss
exposure
<PAGE>
                           DELINQUENCY STATUS BY GROUP

<TABLE>
<CAPTION>
           DELINQUENT                     BANKRUPTCY                    FORECLOSURE
-------------------------------  ----------------------------  ----------------------------
GROUP ONE
           No. of    Principal              No. of  Principal             No. of  Principal
            Loans     Balance                Loans   Balance               Loans   Balance
           ------  ------------             ------  ---------             ------  ---------
<S>        <C>     <C>           <C>        <C>     <C>        <C>        <C>     <C>
0-29 Days     0            0.00  0-29 Days     0       0.00    0-29 Days     0       0.00
30 Days      10    3,026,518.30  30 Days       0       0.00    30 Days       0       0.00
60 Days       1      232,000.00  60 Days       0       0.00    60 Days       0       0.00
90 Days       0            0.00  90 Days       0       0.00    90 Days       0       0.00
120 Days      0            0.00  120 Days      0       0.00    120 Days      0       0.00
150 Days      0            0.00  150 Days      0       0.00    150 Days      0       0.00
180+ Days     0            0.00  180+ Days     0       0.00    180+ Days     0       0.00
            ---    ------------              ---       ----                ---       ----
             11    3,258,518.30                0       0.00                  0       0.00

<CAPTION>
             REO                           TOTAL
----------------------------  -------------------------------
           No. of  Principal             No. of    Principal
            Loans   Balance               Loans     Balance
           ------  ---------             ------  ------------
<S>        <C>     <C>        <C>        <C>     <C>
0-29 Days     0       0.00    0-29 Days     0            0.00
30 Days       0       0.00    30 Days      10    3,026,518.30
60 Days       0       0.00    60 Days       1      232,000.00
90 Days       0       0.00    90 Days       0            0.00
120 Days      0       0.00    120 Days      0            0.00
150 Days      0       0.00    150 Days      0            0.00
180+ Days     0       0.00    180+ Days     0            0.00
            ---       ----                ---    ------------
              0       0.00                 11    3,258,518.30
</TABLE>

<TABLE>
<CAPTION>
          DELINQUENT                      BANKRUPTCY                      FORECLOSURE
------------------------------  ------------------------------  ------------------------------
            No. of   Principal              No. of   Principal              No. of   Principal
             Loans    Balance                Loans    Balance                Loans    Balance
           --------  ---------             --------  ---------             --------  ---------
<S>        <C>       <C>        <C>        <C>       <C>        <C>        <C>       <C>
0-29 Days  0.000000% 0.000000%  0-29 Days  0.000000% 0.000000%  0-29 Days  0.000000% 0.000000%
30 Days    2.257336% 1.853543%  30 Days    0.000000% 0.000000%  30 Days    0.000000% 0.000000%
60 Days    0.225734% 0.142085%  60 Days    0.000000% 0.000000%  60 Days    0.000000% 0.000000%
90 Days    0.000000% 0.000000%  90 Days    0.000000% 0.000000%  90 Days    0.000000% 0.000000%
120 Days   0.000000% 0.000000%  120 Days   0.000000% 0.000000%  120 Days   0.000000% 0.000000%
150 Days   0.000000% 0.000000%  150 Days   0.000000% 0.000000%  150 Days   0.000000% 0.000000%
180+ Days  0.000000% 0.000000%  180+ Days  0.000000% 0.000000%  180+ Days  0.000000% 0.000000%
           --------  --------              --------  --------              --------  --------
           2.483070% 1.995628%             0.000000% 0.000000%             0.000000% 0.000000%

<CAPTION>
              REO                            TOTAL
------------------------------  ------------------------------
            No. of   Principal              No. of   Principal
             Loans    Balance                Loans    Balance
           --------  ---------             --------  ---------
<S>        <C>       <C>        <C>        <C>       <C>
0-29 Days  0.000000% 0.000000%  0-29 Days  0.000000% 0.000000%
30 Days    0.000000% 0.000000%  30 Days    2.257336% 1.853543%
60 Days    0.000000% 0.000000%  60 Days    0.225734% 0.142085%
90 Days    0.000000% 0.000000%  90 Days    0.000000% 0.000000%
120 Days   0.000000% 0.000000%  120 Days   0.000000% 0.000000%
150 Days   0.000000% 0.000000%  150 Days   0.000000% 0.000000%
180+ Days  0.000000% 0.000000%  180+ Days  0.000000% 0.000000%
           --------  --------              --------  ---------
           0.000000% 0.000000%             2.483070% 1.995628%
</TABLE>

<TABLE>
<CAPTION>
           DELINQUENT                     BANKRUPTCY                    FORECLOSURE
-------------------------------  ----------------------------  ----------------------------
GROUP TWO                                   1.183654%
           No. of    Principal              No. of  Principal             No. of  Principal
            Loans     Balance                Loans   Balance               Loans   Balance
           ------  ------------             ------  ---------             ------  ---------
<S>        <C>     <C>           <C>        <C>     <C>        <C>        <C>     <C>
0-29 Days     0            0.00  0-29 Days      0       0.00   0-29 Days      0      0.00
30 Days       6    2,186,534.48  30 Days        0       0.00   30 Days        0      0.00
60 Days       0            0.00  60 Days        0       0.00   60 Days        0      0.00
90 Days       0            0.00  90 Days        0       0.00   90 Days        0      0.00
120 Days      0            0.00  120 Days       0       0.00   120 Days       0      0.00
150 Days      0            0.00  150 Days       0       0.00   150 Days       0      0.00
180+ Days     0            0.00  180+ Days      0       0.00   180+ Days      0      0.00
            ---    ------------               ---       ----                ---      ----
              6    2,186,534.48                 0       0.00                  0      0.00

<CAPTION>
             REO                           TOTAL
----------------------------  -------------------------------

           No. of  Principal             No. of    Principal
            Loans   Balance               Loans     Balance
           ------  ---------             ------  ------------
<S>        <C>     <C>        <C>        <C>     <C>
0-29 Days     0       0.00    0-29 Days     0            0.00
30 Days       0       0.00    30 Days       6    2,186,534.48
60 Days       0       0.00    60 Days       0            0.00
90 Days       0       0.00    90 Days       0            0.00
120 Days      0       0.00    120 Days      0            0.00
150 Days      0       0.00    150 Days      0            0.00
180+ Days     0       0.00    180+ Days     0            0.00
            ---       ----                ---    ------------
              0       0.00                  6    2,186,534.48
</TABLE>

<TABLE>
<CAPTION>
          DELINQUENT                      BANKRUPTCY                      FORECLOSURE
------------------------------  ------------------------------  ------------------------------
            No. of   Principal              No. of   Principal              No. of   Principal
             Loans    Balance                Loans    Balance                Loans    Balance
           --------  ---------             --------  ---------             --------  ---------
<S>        <C>       <C>        <C>        <C>       <C>        <C>        <C>       <C>
0-29 Days  0.000000% 0.000000%  0-29 Days  0.000000% 0.000000%  0-29 Days  0.000000% 0.000000%
30 Days    2.105263% 2.250949%  30 Days    0.000000% 0.000000%  30 Days    0.000000% 0.000000%
60 Days    0.000000% 0.000000%  60 Days    0.000000% 0.000000%  60 Days    0.000000% 0.000000%
90 Days    0.000000% 0.000000%  90 Days    0.000000% 0.000000%  90 Days    0.000000% 0.000000%
120 Days   0.000000% 0.000000%  120 Days   0.000000% 0.000000%  120 Days   0.000000% 0.000000%
150 Days   0.000000% 0.000000%  150 Days   0.000000% 0.000000%  150 Days   0.000000% 0.000000%
180+ Days  0.000000% 0.000000%  180+ Days  0.000000% 0.000000%  180+ Days  0.000000% 0.000000%
           --------  --------              --------  --------              --------  --------
           2.105263% 2.250949%             0.000000% 0.000000%             0.000000% 0.000000%

<CAPTION>
              REO                            TOTAL
------------------------------  ------------------------------
            No. of   Principal              No. of   Principal
             Loans    Balance                Loans    Balance
           --------  ---------             --------  ---------
<S>        <C>       <C>        <C>        <C>       <C>
0-29 Days  0.000000% 0.000000%  0-29 Days  0.000000% 0.000000%
30 Days    0.000000% 0.000000%  30 Days    2.105263% 2.250949%
60 Days    0.000000% 0.000000%  60 Days    0.000000% 0.000000%
90 Days    0.000000% 0.000000%  90 Days    0.000000% 0.000000%
120 Days   0.000000% 0.000000%  120 Days   0.000000% 0.000000%
150 Days   0.000000% 0.000000%  150 Days   0.000000% 0.000000%
180+ Days  0.000000% 0.000000%  180+ Days  0.000000% 0.000000%
           --------  --------              --------  ---------
           0.000000% 0.000000%             2.105263% 2.250949%
</TABLE>
<PAGE>
                              COLLATERAL STATEMENT

<TABLE>
<CAPTION>
Collateral Description                                              Mixed ARM
----------------------                                           --------------
<S>                                                              <C>
Weighted Average Gross Coupon                                          5.179180%
Weighted Average Net Coupon                                            4.797656%
Weighted Average Pass-Through Rate                                     4.780156%
Weighted Average Maturity (Stepdown Calculation)                            331

Beginning Scheduled Collateral Loan Count                                   798
Number of Loans Paid in Full                                                 70
Ending Scheduled Collateral Loan Count                                      728

Beginning Scheduled Collateral Balance                           286,650,779.61
Ending Scheduled Collateral Balance                              260,419,851.72
Ending Actual Collateral Balance at 31-Aug-2005                  260,421,175.34

Monthly P&I Constant                                               1,238,109.96
Special Servicing Fee                                                      0.00
Prepayment Penalties                                                       0.00
Realization Loss Amount                                                    0.00
Cumulative Realized Loss                                                   0.00

Class A Optimal Amount                                            27,314,460.69

Scheduled Principal                                                      930.02
Unscheduled Principal                                             26,229,997.87
</TABLE>

MISCELLANEOUS REPORTING

<TABLE>
<S>                                                                   <C>
Pro Rata Senior Percent                                               94.892878%
Pro Rata Subordinate Percent                                           5.107122%
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
             GROUP                      ONE              TWO             TOTAL
-------------------------------   --------------   --------------   --------------
<S>                               <C>              <C>              <C>
Collateral Description                 Mixed ARM        Mixed ARM        Mixed ARM
Weighted Average Coupon Rate            5.134540         5.253707         5.179180
Weighted Average Net Rate               4.754951         4.868952         4.797656
Pass-Through Rate                       4.737451         4.851452         4.780156
Weighted Average Maturity                    328              336              331
Record Date                           08/31/2005       08/31/2005       08/31/2005
Principal and Interest Constant       767,062.94       471,047.02     1,238,109.96
Beginning Loan Count                         486              312              798
Loans Paid in Full                            43               27               70
Ending Loan Count                            443              285              728
Beginning Scheduled Balance       179,271,277.46   107,379,502.15   286,650,779.61
Ending Scheduled Balance          163,281,986.14    97,137,865.58   260,419,851.72
Scheduled Principal                         0.00           930.02           930.02
Unscheduled Principal              15,989,291.32    10,240,706.55    26,229,997.87
Scheduled Interest                    767,062.94       470,117.00     1,237,179.94
Servicing Fee                          56,707.56        34,428.95        91,136.81
Master Servicing Fee                    2,614.37         1,565.95         4,180.32
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                          707,740.71       434,122.10     1,141,862.81
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 0ne
One Month Libor Loan Balance                                      96,617,439.02
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                                      66,664,547.12
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><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: AUGUST 31, 2005
                      DISTRIBUTION DATE: SEPTEMBER 20, 2005

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                   Certificate   Certificate
                      Class     Pass-Through       Beginning         Interest
 Class    CUSIP    Description      Rate      Certificate Balance  Distribution
------  ---------  -----------  ------------  -------------------  ------------
 <S>    <C>        <C>          <C>           <C>                  <C>
  A-1   81744FFY8      SEN        3.87938%       307,486,258.18      994,046.70
  A-2   81744FFZ5      SEN        3.93000%       158,845,108.40      520,217.73
  A-3   81744FGZ9      SEN        3.96000%       151,867,962.61      501,164.28
 X-A1   81744FGC5       IO        0.74147%                 0.00      288,140.39
 X-A2   81744FGD3       IO        0.88010%                 0.00      111,383.03
  X-B   81744FGF8       IO        0.30703%                 0.00        4,032.51
  B-1   81744FGG6      SUB        4.10938%         8,588,000.00       29,409.46
  B-2   81744FGH4      SUB        4.45938%         6,134,000.00       22,794.86
  B-3   81744FGJ0      SUB        4.85938%         3,680,000.00       14,902.10
  B-4   81744FGK7      SUB        4.63899%         2,453,000.00        9,482.87
  B-5   81744FGK7      SUB        4.63899%           920,000.00        3,556.56
  B-6   81744FGL5      SUB        4.63899%         2,762,778.00       10,680.42
  A-R   81744FGE1      RES        4.43102%                 0.00            0.28
                                                 --------------    ------------
Totals                                           642,737,107.19    2,509,811.19
                                                 ==============    ============

<CAPTION>
                                          Ending
          Principal       Current       Certificate       Total        Cumulative
 Class   Distribution  Realized Loss      Balance      Distribution  Realized Loss
------  -------------  -------------  --------------  -------------  -------------
<S>     <C>            <C>            <C>             <C>            <C>
  A-1   19,762,961.93       0.00      287,723,296.25  20,757,008.63       0.00
  A-2    6,706,524.01       0.00      152,138,584.39   7,226,741.74       0.00
  A-3   13,202,596.25       0.00      138,665,366.36  13,703,760.53       0.00
 X-A1            0.00       0.00                0.00     288,140.39       0.00
 X-A2            0.00       0.00                0.00     111,383.03       0.00
  X-B            0.00       0.00                0.00       4,032.51       0.00
  B-1            0.00       0.00        8,588,000.00      29,409.46       0.00
  B-2            0.00       0.00        6,134,000.00      22,794.86       0.00
  B-3            0.00       0.00        3,680,000.00      14,902.10       0.00
  B-4            0.00       0.00        2,453,000.00       9,482.87       0.00
  B-5            0.00       0.00          920,000.00       3,556.56       0.00
  B-6            0.00       0.00        2,762,778.00      10,680.42       0.00
  A-R            0.00       0.00                0.00           0.28       0.00
        -------------       ----      --------------  -------------       ----
Totals  39,672,082.19       0.00      603,065,025.00  42,181,893.38       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
         Original Face    Certificate     Principal     Principal               Realized
 Class      Amount          Balance     Distribution   Distribution  Accretion  Loss (1)
 -----  --------------  --------------  ------------  -------------  ---------  --------
<S>     <C>             <C>             <C>           <C>            <C>        <C>
  A-1   380,510,000.00  307,486,258.18      961.43    19,762,000.50     0.00      0.00
  A-2   208,392,000.00  158,845,108.40      398.01     6,706,126.00     0.00      0.00
  A-3   218,330,615.00  151,867,962.61        0.00    13,202,596.25     0.00      0.00
 X-A1             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
  X-B             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
  B-2     6,134,000.00    6,134,000.00        0.00             0.00     0.00      0.00
  B-3     3,680,000.00    3,680,000.00        0.00             0.00     0.00      0.00
  B-4     2,453,000.00    2,453,000.00        0.00             0.00     0.00      0.00
  B-5       920,000.00      920,000.00        0.00             0.00     0.00      0.00
  B-6     2,762,778.00    2,762,778.00        0.00             0.00     0.00      0.00
  A-R           100.00            0.00        0.00             0.00     0.00      0.00
        --------------  --------------    --------    -------------     ----      ----
Totals  831,770,493.00  642,737,107.19    1,359.44    39,670,722.75     0.00      0.00
        ==============  ==============    ========    =============     ====      ====

<CAPTION>
                             Ending         Ending        Total
        Total Principal    Certificate   Certificate    Principal
 Class     Reduction         Balance      Percentage   Distribution
 -----  ---------------  --------------  -----------  -------------
<S>     <C>              <C>             <C>          <C>
  A-1    19,762,961.93   287,723,296.25   0.75615173  19,762,961.93
  A-2     6,706,524.01   152,138,584.39   0.73005962   6,706,524.01
  A-3    13,202,596.25   138,665,366.65   0.63511646  13,202,596.25
 X-A1             0.00             0.00   0.00000000           0.00
 X-A2             0.00             0.00   0.00000000           0.00
  X-B             0.00             0.00   0.00000000           0.00
  B-1             0.00     8,588,000.00   1.00000000           0.00
  B-2             0.00     6,134,000.00   1.00000000           0.00
  B-3             0.00     3,680,000.00   1.00000000           0.00
  B-4             0.00     2,453,000.00   1.00000000           0.00
  B-5             0.00       920,000.00   1.00000000           0.00
  B-6             0.00     2,762,778.00   1.00000000           0.00
  A-R             0.00             0.00   0.00000000           0.00
         -------------   --------------   ----------  -------------
Totals   39,672,082.19   603,065,025.00   0.72503777  39,672,082.19
         =============   ==============   ==========  =============
</TABLE>

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

                    PRINCIPAL DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
                         Beginning      Scheduled    Unscheduled
        Original Face   Certificate     Principal     Principal                Realized
Class      Amount         Balance     Distribution  Distribution   Accretion   Loss (3)
-----  --------------  -------------  ------------  ------------  ----------  ----------
<S>    <C>             <C>            <C>           <C>           <C>         <C>
 A-1   380,510,000.00   808.08982203   0.00252669    51.93556148  0.00000000  0.00000000
 A-2   208,392,000.00   762.24187301   0.00190991    32.18034282  0.00000000  0.00000000
 A-3   218,330,615.00   695.58711503   0.00000000    60.47065937  0.00000000  0.00000000
X-A1             0.00     0.00000000   0.00000000     0.00000000  0.00000000  0.00000000
X-A2             0.00     0.00000000   0.00000000     0.00000000  0.00000000  0.00000000
 X-B             0.00     0.00000000   0.00000000     0.00000000  0.00000000  0.00000000
 B-1     8,588,000.00  1000.00000000   0.00000000     0.00000000  0.00000000  0.00000000
 B-2     6,134,000.00  1000.00000000   0.00000000     0.00000000  0.00000000  0.00000000
 B-3     3,680,000.00  1000.00000000   0.00000000     0.00000000  0.00000000  0.00000000
 B-4     2,453,000.00  1000.00000000   0.00000000     0.00000000  0.00000000  0.00000000
 B-5       920,000.00  1000.00000000   0.00000000     0.00000000  0.00000000  0.00000000
 B-6     2,762,778.00  1000.00000000   0.00000000     0.00000000  0.00000000  0.00000000
 A-R           100.00     0.00000000   0.00000000     0.00000000  0.00000000  0.00000000

<CAPTION>
                             Ending        Ending        Total
       Total Principal    Certificate   Certificate    Principal
Class     Reduction         Balance      Percentage  Distribution
-----  ---------------  --------------  -----------  ------------
<S>    <C>              <C>             <C>          <C>
 A-1     51.93808817      756.15173386   0.75615173   51.93808817
 A-2     32.18225273      730.05962028   0.73005962   32.18225273
 A-3     60.47065937      635.11645566   0.63511656   60.47065937
X-A1      0.00000000        0.00000000   0.00000000    0.00000000
X-A2      0.00000000        0.00000000   0.00000000    0.00000000
 X-B      0.00000000        0.00000000   0.00000000    0.00000000
 B-1      0.00000000     1000.00000000   1.00000000    0.00000000
 B-2      0.00000000     1000.00000000   1.00000000    0.00000000
 B-3      0.00000000     1000.00000000   1.00000000    0.00000000
 B-4      0.00000000     1000.00000000   1.00000000    0.00000000
 B-5      0.00000000     1000.00000000   1.00000000    0.00000000
 B-6      0.00000000     1000.00000000   1.00000000    0.00000000
 A-R      0.00000000        0.00000000   0.00000000    0.00000000
</TABLE>

(3)  Amount does not include excess special hazard, bankruptcy, or fraud losses
     unless otherwise disclosed. Please refer to the prospectus supplement for a
     full description.
<PAGE>
                        INTEREST DISTRIBUTION- STATEMENT

<TABLE>
<CAPTION>
                                        Beginning                  Payment of                Non-
                          Current     Certificate/      Current      Unpaid     Current   Supported
         Original Face  Certificate     Notional        Accrued     Interest    Interest   Interest  Realized
 Class      Amount          Rate         Balance       Interest     Shortfall  Shortfall  Shortfall  Loss (4)
 -----  --------------  -----------  --------------  ------------  ----------  ---------  ---------  --------
<S>     <C>             <C>          <C>             <C>           <C>         <C>        <C>        <C>
  A-1   380,510,000.00    3.87938%   307,486,258.18    994,046.70     0.00        0.00       0.00      0.00
  A-2   208,392,000.00    3.93000%   158,845,108.40    520,217.73     0.00        0.00       0.00      0.00
  A-3   218,330,615.00    3.96000%   151,867,962.61    501,164.28     0.00        0.00       0.00      0.00
 X-A1             0.00    0.74147%   466,331,366.58    288,140.39     0.00        0.00       0.00      0.00
 X-A2             0.00    0.88010%   151,867,962.61    111,383.03     0.00        0.00       0.00      0.00
  X-B             0.00    0.30703%    18,402,000.00      4,708.37     0.00        0.00       0.00      0.00
  B-1     8,588,000.00    4.10938%     8,588,000.00     29,409.46     0.00        0.00       0.00      0.00
  B-2     6,134,000.00    4.45938%     6,134,000.00     22,794.86     0.00        0.00       0.00      0.00
  B-3     3,680,000.00    4.85938%     3,680,000.00     14,902.10     0.00        0.00       0.00      0.00
  B-4     2,453,000.00    4.63899%     2,453,000.00      9,482.87     0.00        0.00       0.00      0.00
  B-5       920,000.00    4.63899%       920,000.00      3,556.56     0.00        0.00       0.00      0.00
  B-6     2,762,778.00    4.63899%     2,762,778.00     10,680.42     0.00        0.00       0.00      0.00
  A-R           100.00    4.43102%             0.00          0.00     0.00        0.00       0.00      0.00
        --------------                               ------------     ----        ----       ----      ----
Totals  831,770,493.00                               2,510,486.77     0.00        0.00       0.00      0.00
        ==============                               ============     ====        ====       ====      ====

<CAPTION>
                        Remaining      Ending
                          Unpaid    Certificate/
        Total Interest  Interest     Notational
 Class   Distribution   Shortfall      Balance
 -----  --------------  ---------  --------------
<S>     <C>             <C>        <C>
  A-1      994,046.70      0.00    287,723,296.25
  A-2      520,217.73      0.00    152,138,584.39
  A-3      501,164.28      0.00    138,665,366.36
 X-A1      288,140.39      0.00    439,861,880.64
 X-A2      111,383.03      0.00    138,665,366.36
  X-B        4,032.51      0.00     18,402,000.00
  B-1       29,409.46      0.00      8,588,000.00
  B-2       22,794.86      0.00      6,134,000.00
  B-3       14,902.10      0.00      3,680,000.00
  B-4        9,482.87      0.00      2,453,000.00
  B-5        3,556.56      0.00        920,000.00
  B-6       10,680.42      0.00      2,762,778.00
  A-R            0.28      0.00              0.00
         ------------      ----
Totals   2,509,811.19      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                 Non-
                         Current     Certificate/    Current     Unpaid      Current    Supported
Class   Original Face  Certificate     Notional      Accrued    Interest    Interest    Interest    Realized
 (5)       Amount          Rate        Balance      Interest    Shortfall   Shortfall   Shortfall   Loss (6)
-----  --------------  -----------  -------------  ----------  ----------  ----------  ----------  ----------
<S>    <C>             <C>          <C>            <C>         <C>         <C>         <C>         <C>
  A-1  380,510,000.00    3.87938%    808.08982203  2.61240624  0.00000000  0.00000000  0.00000000  0.00000000
  A-2  208,392,000.00    3.93000%    762.24187301  2.49634213  0.00000000  0.00000000  0.00000000  0.00000000
  A-3  218,330,615.00    3.96000%    695.58711503  2.29543750  0.00000000  0.00000000  0.00000000  0.00000000
 X-A1            0.00    0.74147%    791.86582246  0.48928411  0.00000000  0.00000000  0.00000000  0.00000000
 X-A2            0.00    0.88010%    695.58711503  0.51015763  0.00000000  0.00000000  0.00000000  0.00000000
  X-B            0.00    0.30703%   1000.00000000  0.25586186  0.00000000  0.00000000  0.00000000  0.00000000
  B-1    8,588,000.00    4.10938%   1000.00000000  3.42448300  0.00000000  0.00000000  0.00000000  0.00000000
  B-2    6,134,000.00    4.45938%   1000.00000000  3.71614933  0.00000000  0.00000000  0.00000000  0.00000000
  B-3    3,680,000.00    4.85938%   1000.00000000  4.04948370  0.00000000  0.00000000  0.00000000  0.00000000
  B-4    2,453,000.00    4.63899%   1000.00000000  3.86582552  0.00000000  0.00000000  0.00000000  0.00000000
  B-5      920,000.00    4.63899%   1000.00000000  3.86582609  0.00000000  0.00000000  0.00000000  0.00000000
  B-6    2,762,778.00    4.63899%   1000.00000000  3.86582635  0.00000000  0.00000000  0.00000000  0.00000000
  A-R          100.00    4.43102%      0.00000000  0.00000000  0.00000000  0.00000000  0.00000000  0.00000000

<CAPTION>
                        Remaining      Ending
                         Unpaid     Certificate/
Class  Total Interest   Interest     Notational
 (5)    Distribution    Shortfall     Balance
-----  --------------  ----------  -------------
<S>    <C>             <C>         <C>
  A-1    2.61240624    0.00000000   756.15173386
  A-2    2.49634213    0.00000000   730.05962028
  A-3    2.29543750    0.00000000   635.11645566
 X-A1    0.48928411    0.00000000   746.91863950
 X-A2    0.51015763    0.00000000   635.11645566
  X-B    0.21913433    0.00000000  1000.00000000
  B-1    3.42448300    0.00000000  1000.00000000
  B-2    3.71614933    0.00000000  1000.00000000
  B-3    4.04948370    0.00000000  1000.00000000
  B-4    3.86582552    0.00000000  1000.00000000
  B-5    3.86582609    0.00000000  1000.00000000
  B-6    3.86582635    0.00000000  1000.00000000
  A-R    2.80000000    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                              42,346,299.23
   Liquidations, Insurance Proceeds, Reserve Funds                          0.00
   Proceeds from Repurchased Loans                                          0.00
   Other Amounts (Servicer Advances)                                   17,596.25
   Realized Losses (Gains, Subsequent Expenses & Recoveries)                0.00
   Prepayment Penalties                                                     0.00
                                                                   -------------
Total Deposits                                                     42,363,895.48

Withdrawals
   Reimbursement for Servicer Advances                                 24,453.55
   Payment of Service Fee                                             157,548.55
   Payment of Interest and Principal                               42,181,893.38
                                                                   -------------
Total Withdrawals (Pool Distribution Amount)                       42,363,895.48
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                                                   153,457.97
Master Servicing Fee                                                    4,090.58
Supported Prepayment/Curtailment Interest Shortfall                         0.00
                                                                      ----------
Net Servicing Fee                                                     157,548.55
                                                                      ==========
</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                  1,000.00      675.86      675.86    1,000.00
</TABLE>

             LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT

<TABLE>
<CAPTION>
           DELINQUENT                     BANKRUPTCY                    FORECLOSURE
-------------------------------  ----------------------------  ----------------------------
           No. of    Principal              No. of  Principal             No. of  Principal
            Loans     Balance                Loans   Balance               Loans   Balance
           ------  ------------             ------  ---------             ------  ---------
<S>        <C>     <C>           <C>        <C>     <C>        <C>        <C>     <C>
0-29 Days     0            0.00  0-29 Days     0       0.00    0-29 Days     0       0.00
30 Days      14    3,842,932.64  30 Days       0       0.00    30 Days       0       0.00
60 Days       1      596,891.21  60 Days       0       0.00    60 Days       0       0.00
90 Days       0            0.00  90 Days       0       0.00    90 Days       0       0.00
120 Days      0            0.00  120 Days      0       0.00    120 Days      0       0.00
150 Days      0            0.00  150 Days      0       0.00    150 Days      0       0.00
180+ Days     0            0.00  180+ Days     0       0.00    180+ Days     0       0.00
            ---    ------------              ---       ----                ---       ----
             15    4,439,823.85                0       0.00                  0       0.00

<CAPTION>
             REO                           TOTAL
----------------------------  -------------------------------
           No. of  Principal             No. of    Principal
            Loans   Balance               Loans     Balance
           ------  ---------             ------  ------------
<S>        <C>     <C>        <C>        <C>     <C>
0-29 Days     0       0.00    0-29 Days     0            0.00
30 Days       0       0.00    30 Days      14    3,842,932.64
60 Days       0       0.00    60 Days       1      596,891.21
90 Days       0       0.00    90 Days       0            0.00
120 Days      0       0.00    120 Days      0            0.00
150 Days      0       0.00    150 Days      0            0.00
180+ Days     0       0.00    180+ Days     0            0.00
            ---       ----                ---    ------------
              0       0.00                 15    4,439,823.85
</TABLE>

<TABLE>
<CAPTION>
          DELINQUENT                      BANKRUPTCY                      FORECLOSURE
------------------------------  ------------------------------  ------------------------------
            No. of   Principal              No. of   Principal              No. of   Principal
             Loans    Balance                Loans    Balance                Loans    Balance
           --------  ---------             --------  ---------             --------  ---------
<S>        <C>       <C>        <C>        <C>       <C>        <C>        <C>       <C>
0-29 Days  0.000000% 0.000000%  0-29 Days  0.000000% 0.000000%  0-29 Days  0.000000% 0.000000%
30 Days    1.002147% 0.827503%  30 Days    0.000000% 0.000000%  30 Days    0.000000% 0.000000%
60 Days    0.071582% 0.128529%  60 Days    0.000000% 0.000000%  60 Days    0.000000% 0.000000%
90 Days    0.000000% 0.000000%  90 Days    0.000000% 0.000000%  90 Days    0.000000% 0.000000%
120 Days   0.000000% 0.000000%  120 Days   0.000000% 0.000000%  120 Days   0.000000% 0.000000%
150 Days   0.000000% 0.000000%  150 Days   0.000000% 0.000000%  150 Days   0.000000% 0.000000%
180+ Days  0.000000% 0.000000%  180+ Days  0.000000% 0.000000%  180+ Days  0.000000% 0.000000%
           --------  --------              --------  --------              --------  --------
           1.073729% 0.956033%             0.000000% 0.000000%             0.000000% 0.000000%

<CAPTION>
              REO                            TOTAL
------------------------------  ------------------------------
            No. of   Principal              No. of   Principal
             Loans    Balance                Loans    Balance
           --------  ---------             --------  ---------
<S>        <C>       <C>        <C>        <C>       <C>
0-29 Days  0.000000% 0.000000%  0-29 Days  0.000000% 0.000000%
30 Days    0.000000% 0.000000%  30 Days    1.002147% 0.827503%
60 Days    0.000000% 0.000000%  60 Days    0.071582% 0.128529%
90 Days    0.000000% 0.000000%  90 Days    0.000000% 0.000000%
120 Days   0.000000% 0.000000%  120 Days   0.000000% 0.000000%
150 Days   0.000000% 0.000000%  150 Days   0.000000% 0.000000%
180+ Days  0.000000% 0.000000%  180+ Days  0.000000% 0.000000%
           --------  --------              --------  --------
           0.000000% 0.000000%             1.073729% 0.956033%
</TABLE>

Current Period Class A Insufficient Funds: 0.00

Principal Balance of Contaminated Properties 0.00

Periodic Advance 17,596.25
<PAGE>
                           DELINQUENCY STATUS BY GROUP

<TABLE>
<CAPTION>
           DELINQUENT                     BANKRUPTCY                    FORECLOSURE
-------------------------------  ----------------------------  ----------------------------
GROUP ONE

           No. of    Principal              No. of  Principal             No. of  Principal
            Loans     Balance                Loans   Balance               Loans   Balance
           ------  ------------             ------  ---------             ------  ---------
<S>        <C>     <C>           <C>        <C>     <C>        <C>        <C>     <C>
0-29 Days      0           0.00  0-29 Days      0      0.00    0-29 Days      0      0.00
30 Days        5   1,096,966.06  30 Days        0      0.00    30 Days        0      0.00
60 Days        1     596,891.21  60 Days        0      0.00    60 Days        0      0.00
90 Days        0           0.00  90 Days        0      0.00    90 Days        0      0.00
120 Days       0           0.00  120 Days       0      0.00    120 Days       0      0.00
150 Days       0           0.00  150 Days       0      0.00    150 Days       0      0.00
180+ Days      0           0.00  180+ Days      0      0.00    180+ Days      0      0.00
             ---   ------------               ---      ----                 ---      ----
               6   1,693,857.27                 0      0.00                   0      0.00

<CAPTION>
             REO                         TOTAL
----------------------------  -------------------------------
           No. of  Principal             No. of    Principal
            Loans   Balance               Loans     Balance
           ------  ---------             ------  ------------
<S>        <C>     <C>        <C>        <C>     <C>
0-29 Days      0      0.00    0-29 Days      0           0.00
30 Days        0      0.00    30 Days        5   1,096,966.06
60 Days        0      0.00    60 Days        1     596,891.21
90 Days        0      0.00    90 Days        0           0.00
120 Days       0      0.00    120 Days       0           0.00
150 Days       0      0.00    150 Days       0           0.00
180+ Days      0      0.00    180+ Days      0           0.00
             ---      ----                 ---    ------------
               0      0.00                   6   1,693,857.27
</TABLE>

<TABLE>
<CAPTION>
           DELINQUENT                     BANKRUPTCY                      FORECLOSURE
------------------------------  ------------------------------  ------------------------------
            No. of   Principal              No. of   Principal              No. of   Principal
             Loans    Balance                Loans    Balance                Loans    Balance
           --------  ---------             --------  ---------             --------  ---------
<S>        <C>       <C>        <C>        <C>       <C>        <C>        <C>       <C>
0-29 Days  0.000000% 0.000000%  0-29 Days  0.000000% 0.000000%  0-29 Days  0.000000% 0.000000%
30 Days    0.567537% 0.361345%  30 Days    0.000000% 0.000000%  30 Days    0.000000% 0.000000%
60 Days    0.113507% 0.196618%  60 Days    0.000000% 0.000000%  60 Days    0.000000% 0.000000%
90 Days    0.000000% 0.000000%  90 Days    0.000000% 0.000000%  90 Days    0.000000% 0.000000%
120 Days   0.000000% 0.000000%  120 Days   0.000000% 0.000000%  120 Days   0.000000% 0.000000%
150 Days   0.000000% 0.000000%  150 Days   0.000000% 0.000000%  150 Days   0.000000% 0.000000%
180+ Days  0.000000% 0.000000%  180+ Days  0.000000% 0.000000%  180+ Days  0.000000% 0.000000%
           --------  --------              --------  --------              --------  --------
           0.681044% 0.557963%             0.000000% 0.000000%             0.000000% 0.000000%

<CAPTION>
              REO                            TOTAL
------------------------------  ------------------------------
            No. of   Principal              No. of   Principal
             Loans    Balance                Loans    Balance
           --------  ---------             --------  ---------
<S>        <C>       <C>        <C>        <C>       <C>
0-29 Days  0.000000% 0.000000%  0-29 Days  0.000000% 0.000000%
30 Days    0.000000% 0.000000%  30 Days    0.567537% 0.361345%
60 Days    0.000000% 0.000000%  60 Days    0.113507% 0.196618%
90 Days    0.000000% 0.000000%  90 Days    0.000000% 0.000000%
120 Days   0.000000% 0.000000%  120 Days   0.000000% 0.000000%
150 Days   0.000000% 0.000000%  150 Days   0.000000% 0.000000%
180+ Days  0.000000% 0.000000%  180+ Days  0.000000% 0.000000%
           --------  --------              --------  --------
           0.000000% 0.000000%             0.681044% 0.557963%
</TABLE>

<TABLE>
<CAPTION>
           DELINQUENT                       BANKRUPTCY                     FORECLOSURE
-------------------------------  -------------------------------  ----------------------------
GROUP TWO                                   1.183654%

           No. of    Principal                No. of   Principal             No. of  Principal
            Loans     Balance                 Loans     Balance               Loans   Balance
           ------  ------------             ---------  ---------             ------  ---------
<S>        <C>     <C>           <C>        <C>        <C>        <C>        <C>     <C>
0-29 Days      0           0.00  0-29 Days       0        0.00    0-29 Days      0      0.00
30 Days        9   2,745,966.58  30 Days         0        0.00    30 Days        0      0.00
60 Days        0           0.00  60 Days         0        0.00    60 Days        0      0.00
90 Days        0           0.00  90 Days         0        0.00    90 Days        0      0.00
120 Days       0           0.00  120 Days        0        0.00    120 Days       0      0.00
150 Days       0           0.00  150 Days        0        0.00    150 Days       0      0.00
180+ Days      0           0.00  180+ Days       0        0.00    180+ Days      0      0.00
             ---   ------------                ---        ----                 ---      ----
               9   2,745,966.58                  0        0.00                   0      0.00

<CAPTION>
             REO                           TOTAL
----------------------------  -------------------------------
           No. of  Principal             No. of    Principal
            Loans   Balance               Loans     Balance
           ------  ---------             ------  ------------
<S>        <C>     <C>        <C>        <C>     <C>
0-29 Days      0      0.00    0-29 Days      0           0.00
30 Days        0      0.00    30 Days        9   2,745,966.58
60 Days        0      0.00    60 Days        0           0.00
90 Days        0      0.00    90 Days        0           0.00
120 Days       0      0.00    120 Days       0           0.00
150 Days       0      0.00    150 Days       0           0.00
180+ Days      0      0.00    180+ Days      0           0.00
             ---      ----                 ---   ------------
               0      0.00                   9   2,745,966.58
</TABLE>

<TABLE>
<CAPTION>
           DELINQUENT                     BANKRUPTCY                      FORECLOSURE
------------------------------  ------------------------------  ------------------------------
            No. of   Principal              No. of   Principal              No. of   Principal
             Loans    Balance                Loans    Balance                Loans    Balance
           --------  ---------             --------  ---------             --------  ---------
<S>        <C>       <C>        <C>        <C>       <C>        <C>        <C>       <C>
0-29 Days  0.000000% 0.000000%  0-29 Days  0.000000% 0.000000%  0-29 Days  0.000000% 0.000000%
30 Days    1.744186% 1.707456%  30 Days    0.000000% 0.000000%  30 Days    0.000000% 0.000000%
60 Days    0.000000% 0.000000%  60 Days    0.000000% 0.000000%  60 Days    0.000000% 0.000000%
90 Days    0.000000% 0.000000%  90 Days    0.000000% 0.000000%  90 Days    0.000000% 0.000000%
120 Days   0.000000% 0.000000%  120 Days   0.000000% 0.000000%  120 Days   0.000000% 0.000000%
150 Days   0.000000% 0.000000%  150 Days   0.000000% 0.000000%  150 Days   0.000000% 0.000000%
180+ Days  0.000000% 0.000000%  180+ Days  0.000000% 0.000000%  180+ Days  0.000000% 0.000000%
           --------  --------              --------  --------              --------  --------
           1.744186% 1.707456%             0.000000% 0.000000%             0.000000% 0.000000%

<CAPTION>
              REO                            TOTAL
------------------------------  ------------------------------
            No. of   Principal              No. of   Principal
             Loans    Balance                Loans    Balance
           --------  ---------             --------  ---------
<S>        <C>       <C>        <C>        <C>       <C>
0-29 Days  0.000000% 0.000000%  0-29 Days  0.000000% 0.000000%
30 Days    0.000000% 0.000000%  30 Days    1.744186% 1.707456%
60 Days    0.000000% 0.000000%  60 Days    0.000000% 0.000000%
90 Days    0.000000% 0.000000%  90 Days    0.000000% 0.000000%
120 Days   0.000000% 0.000000%  120 Days   0.000000% 0.000000%
150 Days   0.000000% 0.000000%  150 Days   0.000000% 0.000000%
180+ Days  0.000000% 0.000000%  180+ Days  0.000000% 0.000000%
           --------  --------              --------  --------
           0.000000% 0.000000%             1.744186% 1.707456%
</TABLE>
<PAGE>
                              COLLATERAL STATEMENT

<TABLE>
<CAPTION>
Collateral Description                                         Fixed & Mixed Arm
----------------------                                         -----------------
<S>                                                            <C>
Weighted Average Gross Coupon                                          5.023283%
Weighted Average Net Coupon                                            4.648133%
Weighted Average Pass-Through Rate                                     4.003435%
Weighted Average Maturity (Stepdown Calculation)                            330

Beginning Scheduled Collateral Loan Count                                 1,465
Number of Loans Paid in Full                                                 68
Ending Scheduled Collateral Loan Count                                    1,397

Beginning Scheduled Collateral Balance                           490,869,145.49
Ending Scheduled Collateral Balance                              464,399,659.55
Ending Actual Collateral Balance at 31-Aug-2005                  464,400,831.96

Monthly P&I Constant                                               2,056,171.80
Special Servicing Fee                                                      0.00
Prepayment Penalties                                                       0.00
Realization Loss Amount                                                    0.00
Cumulative Realized Loss                                                   0.00

Scheduled Principal                                                    1,359.44
Unscheduled Principal                                             26,468,126.50
</TABLE>

MISCELLANEOUS REPORTING

<TABLE>
<S>                                                                 <C>
Rapid Prepay Condition?                                                       NO
Underlying Certificate Balance                                      138665366.39
Underlying Certificate Interest                                        612547.31
Underlying Certificate Principal                                     13202596.22
</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            4.999950            5.068319         5.023283
Weighted Average Net Rate               4.624830            4.693111         4.648133
Weighted Average Maturity                    329                 333              330
Record Date                           08/31/2005          08/31/2005       08/31/2005
Principal and Interest Constant     1,348,201.97          707,969.83     2,056,171.80
Beginning Loan Count                         927                 538            1,465
Loans Paid in Full                            46                  22               68
Ending Loan Count                            881                 516            1,397
Beginning Scheduled Balance       323,340,977.03      167,528,168.46   490,869,145.49
Ending Scheduled Balance          303,578,015.10      160,821,644.45   464,399,659.55
Scheduled Principal                       961.43              398.01         1,359.44
Unscheduled Principal              19,762,000.50        6,706,126.00    26,468,126.50
Scheduled Interest                  1,347,240.54          707,571.82     2,054,812.36
Servicing Fee                         101,076.37           52,381.60       153,457.97
Master Servicing Fee                    2,694.51            1,396.07         4,090.58
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                        1,243,469.66          653,794.15     1,897,263.81
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                                          169,590,746.63
Six Month Libor Loan Balance                                          133,987,268.47
Principal Transfer Amount                                                       0.00
Interest Transfer Amount                                                        0.00
Pro Rata Senior Percent                                                    95.096595%
Senior Percent                                                            100.000000%
Senior Prepayment Percent                                                 100.000000%
Subordinate Percent                                                         0.000000%
Subordinate Prepayment Percent                                              0.000000%

Group Two
Principal Transfer Amount                                                       0.00
Interest Transfer Amount                                                        0.00
Pro Rata Senior Percent                                                    94.816955%
Senior Percent                                                            100.000000%
Senior Prepayment Percent                                                 100.000000%
Subordinate Percent                                                         0.000000%
Subordinate Prepayment Percent                                              0.000000%
</TABLE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00091-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00091-of-00352.parquet"}]]