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 2005-1
                          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    81744FGM#      SEN        3.83938%    237,180,925.76    758,856.42
 A-2    81744FGN1      SEN        4.10000%     80,993,333.84    276,727.22
 X-A    81744FGP6       IO        0.75136%              0.00    199,219.10
 X-B    81744FGS0       IO        0.42968%              0.00      4,416.60
 B-1    81744FGQ4      SUB        4.02938%      7,067,000.00     23,729.69
 B-2    81744FGR2      SUB        4.30938%      3,949,000.00     14,181.45
 B-3    81744FGU5      SUB        4.85938%      2,495,000.00     10,103.46
 B-4    81744FGV3      SUB        4.65676%      1,455,000.00      5,646.32
 B-5    81744FGW1      SUB        4.65676%        831,000.00      3,224.80
 B-6    81744FGX9      SUB        4.65676%      1,871,544.03      7,262.77
 A-R    81744FGT8      RES        3.95193%              0.00          0.32
                                              --------------  ------------
Totals                                        335,842,803.63  1,303,368.15
                                              ==============  ============

<CAPTION>
                        Current      Ending                     Cumulative
          Principal    Realized    Certificate       Total       Realized
 Class   Distribution    Loss        Balance      Distribution     Loss
 -----  -------------  --------  --------------  -------------  ----------
<S>     <C>            <C>       <C>             <C>            <C>
  A-1   13,267,379.59    0.00    223,913,546.17  14,026,236.01     0.00
  A-2    1,058,582.97    0.00     79,934,750.87   1,335,310.19     0.00
  X-A            0.00    0.00              0.00     199,219.10     0.00
  X-B            0.00    0.00              0.00       4,416.60     0.00
  B-1            0.00    0.00      7,067,000.00      23,729.69     0.00
  B-2            0.00    0.00      3,949,000.00      14,181.45     0.00
  B-3            0.00    0.00      2,495,000.00      10,103.46     0.00
  B-4            0.00    0.00      1,455,000.00       5,646.32     0.00
  B-5            0.00    0.00        831,000.00       3,224.80     0.00
  B-6            0.00    0.00      1,871,544.03       7,262.77     0.00
  A-R            0.00    0.00              0.00           0.32     0.00
        -------------    ----    --------------  -------------     ----
Totals  14,325,962.56    0.00    321,516,841.07  15,629,330.71     0.00
        =============    ====    ==============  =============     ====
</TABLE>

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

                        PRINCIPAL DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
                           Beginning      Scheduled    Unscheduled
         Original Face    Certificate     Principal     Principal               Realized
 Class      Amount          Balance     Distribution   Distribution  Accretion  Loss (1)
 -----  --------------  --------------  ------------  -------------  ---------  --------
<S>     <C>             <C>             <C>           <C>            <C>        <C>
  A-1   298,055,000.00  237,180,925.76      0.00      13,267,379.59     0.00      0.00
  A-2   100,000,000.00   80,993,333.84      0.00       1,058,582.97     0.00      0.00
  X-A             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     7,067,000.00    7,067,000.00      0.00               0.00     0.00      0.00
  B-2     3,949,000.00    3,949,000.00      0.00               0.00     0.00      0.00
  B-3     2,495,000.00    2,495,000.00      0.00               0.00     0.00      0.00
  B-4     1,455,000.00    1,455,000.00      0.00               0.00     0.00      0.00
  B-5       831,000.00      831,000.00      0.00               0.00     0.00      0.00
  B-6     1,871,544.03    1,871,544.03      0.00               0.00     0.00      0.00
  A-R           100.00            0.00      0.00               0.00     0.00      0.00
        --------------  --------------      ----      -------------     ----      ----
Totals  415,723,644.03  335,842,803.63      0.00      14,325,962.56     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    13,267,379.59   223,913,546.17   0.75124909  13,267,379.59
  A-2     1,058,582.97    79,934,750.87   0.79934751   1,058,582.97
  X-A             0.00             0.00   0.00000000           0.00
  X-B             0.00             0.00   0.00000000           0.00
  B-1             0.00     7,067,000.00   1.00000000           0.00
  B-2             0.00     3,949,000.00   1.00000000           0.00
  B-3             0.00     2,495,000.00   1.00000000           0.00
  B-4             0.00     1,455,000.00   1.00000000           0.00
  B-5             0.00       831,000.00   1.00000000           0.00
  B-6             0.00     1,871,544.03   1.00000000           0.00
  A-R             0.00             0.00   0.00000000           0.00
         -------------   --------------   ----------  -------------
Totals   14,325,962.56   321,516,841.07   0.77339080  14,325,962.56
         =============   ==============   ==========  =============
</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   298,055,000.00   795.76227797   0.00000000    44.51319250  0.00000000  0.00000000
 A-2   100,000,000.00   809.93333340   0.00000000    10.58582970  0.00000000  0.00000000
 X-A             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     7,067,000.00     0.00000000   0.00000000     0.00000000  0.00000000  0.00000000
 B-2     3,949,000.00     0.00000000   0.00000000     0.00000000  0.00000000  0.00000000
 B-3     2,495,000.00  1000.00000000   0.00000000     0.00000000  0.00000000  0.00000000
 B-4     1,455,000.00  1000.00000000   0.00000000     0.00000000  0.00000000  0.00000000
 B-5       831,000.00  1000.00000000   0.00000000     0.00000000  0.00000000  0.00000000
 B-6     1,871,544.03  1000.00000000   0.00000000     0.00000000  0.00000000  0.00000000
 A-R           100.00     0.00000000   0.00000000     0.00000000  0.00000000  0.00000000

<CAPTION>

       Total Principal  Ending Certificate  Ending Certificate  Total Principal
Class     Reduction           Balance           Percentage        Distribution
-----  ---------------  ------------------  ------------------  ---------------
<S>    <C>              <C>                 <C>                 <C>
 A-1     44.51319250        751.24908547         0.75124909       44.51319250
 A-2     10.58582970        799.34750870         0.79934751       10.58582970
 X-A      0.00000000          0.00000000         0.00000000        0.00000000
 X-B      0.00000000          0.00000000         0.00000000        0.00000000
 B-1      0.00000000       1000.00000000         1.00000000        0.00000000
 B-2      0.00000000       1000.00000000         1.00000000        0.00000000
 B-3      0.00000000       1000.00000000         1.00000000        0.00000000
 B-4      0.00000000       1000.00000000         1.00000000        0.00000000
 B-5      0.00000000       1000.00000000         1.00000000        0.00000000
 B-6      0.00000000       1000.00000000         1.00000000        0.00000000
 A-R      0.00000000          0.00000000         0.00000000        0.00000000
</TABLE>

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

                         INTEREST DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
                                             Beginning                  Payment of                Non-
                                           Certificate/      Current      Unpaid     Current   Supported
Class    Original Face        Current        Notional        Accrued     Interest    Interest   Interest  Realized
            Amount      Certificate Rate      Balance       Interest     Shortfall  Shortfall  Shortfall  Loss (4)
-----   --------------  ----------------  --------------  ------------  ----------  ---------  ---------  --------
<S>     <C>             <C>               <C>             <C>           <C>         <C>        <C>        <C>
 A-1    298,055,000.00      3.83938%      237,180,925.76    758,856.42     0.00        0.00       0.00      0.00
 A-2    100,000,000.00      4.10000%       80,993,333.84    276,727.22     0.00        0.00       0.00      0.00
 X-A              0.00      0.75136%      318,174,259.60    199,219.10     0.00        0.00       0.00      0.00
 X-B              0.00      0.42968%       13,511,000.00      4,837.89     0.00        0.00       0.00      0.00
 B-1      7,067,000.00      4.02938%        7,607,000.00     23,729.69     0.00        0.00       0.00      0.00
 B-2      3,949,000.00      4.30938%        3,949,000.00     14,181.45     0.00        0.00       0.00      0.00
 B-3      2,495,000.00      4.85938%        2,495,000.00     10,103.46     0.00        0.00       0.00      0.00
 B-4      1,455,000.00      4.65676%        1,455,000.00      5,646.32     0.00        0.00       0.00      0.00
 B-5        831,000.00      4.65676%          831,000.00      3,224.80     0.00        0.00       0.00      0.00
 B-6      1,871,544.03      4.65676%        1,871,544.03      7,262.77     0.00        0.00       0.00      0.00
 A-R            100.00      3.95193%                0.00          0.00     0.00        0.00       0.00      0.00
        --------------                                    ------------     ----        ----       ----      ----
Totals  415,723,644.03                                    1,303,789.12     0.00        0.00       0.00      0.00
        ==============                                    ============     ====        ====       ====      ====

<CAPTION>
                        Remaining      Ending
                          Unpaid    Certificate/
Class   Total Interest   Interest    Notational
         Distribution   Shortfall      Balance
-----   --------------  ---------  --------------
<S>     <C>             <C>        <C>
 A-1       758,856.42      0.00    223,913,546.17
 A-2       276,727.22      0.00     79,934,750.87
 X-A       199,219.10      0.00    303,848,297.04
 X-B         4,416.60      0.00     13,511,000.00
 B-1        23,729.69      0.00      7,067,000.00
 B-2        14,181.45      0.00      3,949,000.00
 B-3        10,103.46      0.00      2,495,000.00
 B-4         5,646.32      0.00      1,455,000.00
 B-5         3,224.80      0.00        831,000.00
 B-6         7,262.77      0.00      1,871,544.03
 A-R             0.32      0.00              0.00
         ------------      ----
Totals   1,303,368.15      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   298,055,000.00    3.83938%      795.76227797      2.54602815    0.00000000  0.00000000  0.00000000  0.00000000
 A-2   100,000,000.00    4.10000%      809.93333840      2.76727220    0.00000000  0.00000000  0.00000000  0.00000000
 X-A             0.00    0.75136%      799.32235395      0.50048134    0.00000000  0.00000000  0.00000000  0.00000000
 X-B             0.00    0.42968%     1000.00000000      0.35807046    0.00000000  0.00000000  0.00000000  0.00000000
 B-1     7,067,000.00    4.02938%     1000.00000000      3.35781661    0.00000000  0.00000000  0.00000000  0.00000000
 B-2     3,949,000.00    4.30938%     1000.00000000      3.59114966    0.00000000  0.00000000  0.00000000  0.00000000
 B-3     2,495,000.00    4.85938%     1000.00000000      4.04948297    0.00000000  0.00000000  0.00000000  0.00000000
 B-4     1,455,000.00    4.65676%     1000.00000000      3.88063230    0.00000000  0.00000000  0.00000000  0.00000000
 B-5       831,000.00    4.65676%     1000.00000000      3.88062575    0.00000000  0.00000000  0.00000000  0.00000000
 B-6     1,871,544.03    4.65676%     1000.00000000      3.88063005    0.00000000  0.00000000  0.00000000  0.00000000
 A-R           100.00    3.95193%        0.00000000      0.00000000    0.00000000  0.00000000  0.00000000  0.00000000

<CAPTION>
                          Remaining
                           Unpaid
Class    Total Interest   Interest   Ending Certificate/
 (5)      Distribution    Shortfall   Notational Balance
-----    --------------  ----------  -------------------
<S>      <C>             <C>         <C>
 A-1       2.54602815    0.00000000      751.24908547
 A-2       2.76727220    0.00000000      799.34750870
 X-A       0.50048134    0.00000000      763.33244662
 X-B       0.32688920    0.00000000     1000.00000000
 B-1       3.35781661    0.00000000     1000.00000000
 B-2       3.59114966    0.00000000     1000.00000000
 B-3       4.04948297    0.00000000     1000.00000000
 B-4       3.88063230    0.00000000     1000.00000000
 B-5       3.88062575    0.00000000     1000.00000000
 B-6       3.88063005    0.00000000     1000.00000000
 A-R       3.20000000    0.00000000        0.00000000
</TABLE>

(5)  Per $1 denomination

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

                       CERTIFICATEHOLDER ACCOUNT STATEMENT

                               CERTIFICATE ACCOUNT

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

Deposits
   Payments of Interest and Principal                          15,747,779.09
   Liquidations, Insurance Proceeds, Reserve Funds                      0.00
   Proceeds from Repurchased Loans                                      0.00
   Other Amounts (Servicer Advances)                               12,951.91
   Realized Losses (Gains, Subsequent Expenses & Recoveries)            0.00
   Prepayment Penalties                                                 0.00
                                                               -------------
Total Deposits                                                 15,760,731.00

Withdrawals
   Reimbursement for Servicer Advances                             22,882,68
   Payment of Service Fee                                         108,517.61
   Payment of Interest and Principal                           15,629,330.71
                                                               -------------
Total Withdrawals (Pool Distribution Amount)                   15,760,731.00

Ending Balance                                                          0.00
                                                               =============
</TABLE>
<PAGE>
                    PREPAYMENT/CURTAILMENT INTEREST SHORTFALL

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

                                 SERVICING FEES

<TABLE>
<S>                                                   <C>
Gross Servicing Fee                                   105,019.24
Master Servicing Fee                                    3,498.37
Supported Prepayment/Curtailment Interest Shortfall         0.00
                                                      ----------
Net Servicing Fee                                     108,517.61
                                                      ==========
</TABLE>

                                 OTHER ACCOUNTS

<TABLE>
<CAPTION>
                          Beginning     Current      Current    Ending
      Account Type         Balance    Withdrawals   Deposits    Balance
-----------------------   ---------   -----------   --------   --------
<S>                       <C>         <C>           <C>        <C>
X-A Pool 1 Reserve Fund    4,500.00        0.00        0.00    4,500.00
X-A Pool 2 Reserve Fund    4,500.00        0.00        0.00    4,500.00
X-B Reserve Fund           1,000.00      421.29      421.29    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       8    3,004,183.43  30 Days       0       0.00    30 Days       0       0.00
60 Days       1      160,196.23  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    3,164,379.66                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       8    3,004,183.43
60 Days       0       0.00    60 Days       1      160,196.23
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    3,164,379.66
</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    0.820513% 0.934377%  30 Days    0.000000% 0.000000%  30 Days    0.000000% 0.000000%
60 Days    0.102564% 0.049825%  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%
           --------  --------              --------  --------              --------  --------
           0.923077% 0.984202%             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    0.820513% 0.934377%
60 Days    0.000000% 0.000000%  60 Days    0.102564% 0.049825%
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%             0.923077% 0.984202%
</TABLE>

Current Period Class A Insufficient Funds: 0.00

Principal Balance of Contaminated Properties 0.00

Periodic Advance 12,951.91

<TABLE>
<CAPTION>
             Original $    Original%    Current $     Current %  Current Class %  Prepayment %
           -------------  ----------  -------------  ----------  ---------------  ------------
<S>        <C>            <C>         <C>            <C>         <C>              <C>
Class A    17,668,544.03  4.25006956% 17,668,544.03  5.49537124%    94.504629%      0.000000%
Class B-1  10,601,544.03  2.55014219% 10,601,544.03  3.29735263%     2.198019%     39.997663%
Class B-2   6,652,544.03  1.60023230%  6,652,544.03  2.06911215%     1.228240%     22.350455%
Class B-3   4,157,544.03  1.00007399%  4,157,544.03  1.29310304%     0.776009%     14.121141%
Class B-4   2,702,544.03  0.65008187%  2,702,544.03  0.84056064%     0.452542%      8.234974%
Class B-5   1,871,544.03  0.45018946%  1,871,544.03  0.58209829%     0.258462%      4.703274%
Class B-6           0.00  0.00000000%          0.00  0.00000000%     0.582098%     10.592520%
</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       5    2,104,853.39  30 Days       0       0.00    30 Days       0       0.00
60 Days       1      160,196.23  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    2,265,049.62                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    2,104,853.39
60 Days       0       0.00    60 Days       1      160,196.23
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    2,265,049.62
</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    0.696379% 0.887585%  30 Days    0.000000% 0.000000%  30 Days    0.000000% 0.000000%
60 Days    0.139276%  0.67552%  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%
           --------  --------              --------  --------              --------  --------
           0.835655% 0.955138%             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    0.696379% 0.887585%
60 Days    0.000000% 0.000000%  60 Days    0.139276%  0.67552%
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%             0.835655% 0.955138%
</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       3    899,330.04  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
            ---    ----------              ---       ----                ---       ----
              3    899,330.04                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       3    899,330.04
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                  3    899,330.04
</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    1.167315% 1.065891%  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%
           --------  --------              --------  --------              --------  --------
           1.167315% 1.065891%             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    1.167315% 1.065891%
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%             1.167315% 1.065891%
</TABLE>
<PAGE>
                              COLLATERAL STATEMENT

<TABLE>
<CAPTION>
Collateral Description                                              Mixed ARM
----------------------                                           ---------------
<S>                                                              <C>
Weighted Average Gross Coupon                                          5.044809%
Weighted Average Net Coupon                                            4.669564%
Weighted Average Pass-Through Rate                                     4.657064%
Weighted Average Maturity (Stepdown Calculation)                            328

Beginning Scheduled Collateral Loan Count                                 1,018
Number of Loans Paid in Full                                                 43
Ending Scheduled Collateral Loan Count                                      975

Beginning Scheduled Collateral Balance                           335,842,803.63
Ending Scheduled Collateral Balance                              321,516,841.07
Ending Actual Collateral Balance at 31-Aug-2005                  321,517,302.62

Monthly P&I Constant                                               1,411,885.58
Special Servicing Fee                                                      0.00
Prepayment Penalties                                                       0.00
Realization Loss Amount                                                    0.00
Cumulative Realized Loss                                                   0.00

Class A Optimal Amount                                            15,560,344.02

Scheduled Principal                                                        0.00
Unscheduled Principal                                             14,325,962.56
</TABLE>

MISCELLANEOUS REPORTING

<TABLE>
<S>                                                                   <C>
Pro Rata Senior Percent                                               94.739043%
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
             GROUP                   POOL ONE           POOL TWO            TOTAL
-------------------------------   --------------   -----------------   --------------
<S>                               <C>              <C>                 <C>
Collateral Description                 Mixed ARM   6 Month LIBOR ARM        Mixed ARM
Weighted Average Coupon Rate            5.020035            5.117424         5.044809
Weighted Average Net Rate               4.644873            4.741937         4.669564
Pass-Through Rate                       4.632373            4.729438         4.657064
Weighted Average Maturity                    327                 332              328
Record Date                           08/31/2005          08/31/2005       08/31/2005
Principal and Interest Constant     1,047,558.82          364,326.76     1,411,885.58
Beginning Loan Count                         756                 262            1,018
Loans Paid in Full                            38                   5               43
Ending Loan Count                            718                 257              975
Beginning Scheduled Balance       250,410,731.74       85,432,071.89   335,842,803.63
Ending Scheduled Balance          237,143,352.15       84,373,488.92   321,516,841.07
Scheduled Principal                         0.00                0.00             0.00
Unscheduled Principal              13,267,558.82        1,058,582.97    14,325,962.56
Scheduled Interest                  1,047,558.82          364,326.76     1,411,885.58
Servicing Fee                          78,287.10           26,732.14       105,019.24
Master Servicing Fee                    2,608.45              889.92         3,498.37
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                          966.663.27          336,704.70     1,303,367.97
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 Pool One

One Month Libor Loan Balance                                     130,991,293.29
Six Month Libor Loan Balance                                     106,152,058.86
Senior Percent                                                       100.000000%
Senior Prepayment Percent                                            100.000000%
Subordinate Percent                                                    0.000000%
Subordinate Prepayment Percent                                         0.000000%
Principal Transfer Amount                                                  0.00
Interest Transfer Amount                                                   0.00

Group Pool Two

Senior Percent                                                       100.000000%
Senior Prepayment Percent                                            100.000000%
Subordinate Percent                                                    0.000000%
Subordinate Prepayment Percent                                         0.000000%
Principal Transfer Amount                                                  0.00
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 2005-3
                          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-R   81744FHN0      SEN        4.67977%              0.00          0.00
  A-1   81744FHK6      SEN        3.80938%    310,199,261.79    984,772.39
  B-1   81744FHP5      SUB        3.97938%      6,208,000.00     20,586.66
  B-2   81744FHQ3      SUB        4.24938%      3,287,000.00     11,639.76
  B-3   81744FHR1      SUB        4.56544%      2,374,000.00      9,031.96
  B-4   81744FHS9      SUB        4.56544%      1,095,000.00      4,165.96
  B-5   81744FHT7      SUB        4.56544%        731,000.00      2,781.11
  B-6   81744FHU4      SUB        4.56544%      1,826,168.26      6,947.72
  X-A   81744FHL4       IO        0.75606%              0.00    195,440.58
  X-B   81744FHM2       IO        0.49259%              0.00      3,897.61
                                              --------------  ------------
Totals                                        325,720,430.05  1,239,213.75
                                              ==============  ============

<CAPTION>
                        Current      Ending                     Cumulative
          Principal    Realized    Certificate       Total       Realized
 Class   Distribution    Loss        Balance      Distribution     Loss
------  -------------  --------  --------------  -------------  ----------
<S>     <C>            <C>       <C>             <C>            <C>
  A-R            0.00    0.00              0.00           0.00     0.00
  A-1   17,240,701.13    0.00    292,958,560.66  18,225,423.52     0.00
  B-1            0.00    0.00      6,208,000.00      20,586.66     0.00
  B-2            0.00    0.00      3,287,000.00      11,639.76     0.00
  B-3            0.00    0.00      2,374,000.00       9,031.96     0.00
  B-4            0.00    0.00      1,095,000.00       4,165.96     0.00
  B-5            0.00    0.00        731,000.00       2,781.11     0.00
  B-6            0.00    0.00      1,826,168.26       6,947.72     0.00
  X-A            0.00    0.00              0.00     195,440.58     0.00
  X-B            0.00    0.00              0.00       3,897.61     0.00
        -------------    ----    --------------  -------------     ----
Totals  17,240,701.13    0.00    308,479,728.92  18,479,914.88     0.00
        =============    ====    ==============  =============     ====
</TABLE>

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

                        PRINCIPAL DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
                           Beginning      Scheduled    Unscheduled
         Original Face    Certificate     Principal     Principal               Realized
 Class      Amount          Balance     Distribution   Distribution  Accretion  Loss (1)
------  --------------  --------------  ------------  -------------  ---------  --------
<S>     <C>             <C>             <C>           <C>            <C>        <C>
  A-R           100.00            0.00        0.00             0.00     0.00      0.00
  A-1   349,687,000.00  310,199,261.79    3,307.45    17,237,393.68     0.00      0.00
  B-1     6,208,000.00    6,208,000.00        0.00             0.00     0.00      0.00
  B-2     3,287,000.00    3,287,000.00        0.00             0.00     0.00      0.00
  B-3     2,374,000.00    2,374,000.00        0.00             0.00     0.00      0.00
  B-4     1,095,000.00    1,095,000.00        0.00             0.00     0.00      0.00
  B-5       731,000.00      731,000.00        0.00             0.00     0.00      0.00
  B-6     1,826,168.26    1,826,168.26        0.00             0.00     0.00      0.00
  X-A             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
        --------------  --------------    --------    -------------     ----      ----
Totals  365,208,268.26  325,720,430.05    3,307.45    17,237,393.68     0.00      0.00
        ==============  ==============    ========    =============     ====      ====

<CAPTION>
                             Ending         Ending        Total
        Total Principal    Certificate   Certificate    Principal
 Class     Reduction         Balance      Percentage   Distribution
------  ---------------  --------------  -----------  -------------
<S>     <C>              <C>             <C>          <C>
  A-R             0.00             0.00   0.00000000           0.00
  A-1    17,240,701.13   292,958,560.66   0.83777367  17,240,701.13
  B-1             0.00     6,208,000.00   1.00000000           0.00
  B-2             0.00     3,287,000.00   1.00000000           0.00
  B-3             0.00     2,374,000.00   1.00000000           0.00
  B-4             0.00     1,095,000.00   1.00000000           0.00
  B-5             0.00       731,000.00   1.00000000           0.00
  B-6             0.00     1,826,168.26   1.00000000           0.00
  X-A             0.00             0.00   0.00000000           0.00
  X-B             0.00             0.00   0.00000000           0.00
         -------------   --------------   ----------  -------------
Totals   17,240,701.13   308,479,728.92   0.84466798  17,240,701.13
         =============   ==============   ==========  =============
</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-R           100.00     0.00000000   0.00000000     0.00000000  0.00000000  0.00000000
 A-1   349,687,000.00   887.07690532   0.00945832    42.29377895  0.00000000  0.00000000
 B-1     6,208,000.00  1000.00000000   0.00000000     0.00000000  0.00000000  0.00000000
 B-2     3,287,000.00  1000.00000000   0.00000000     0.00000000  0.00000000  0.00000000
 B-3     2,374,000.00  1000.00000000   0.00000000     0.00000000  0.00000000  0.00000000
 B-4     1,095,000.00  1000.00000000   0.00000000     0.00000000  0.00000000  0.00000000
 B-5       731,000.00  1000.00000000   0.00000000     0.00000000  0.00000000  0.00000000
 B-6     1,826,168.26  1000.00000000   0.00000000     0.00000000  0.00000000  0.00000000
 X-A             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

<CAPTION>
       Total Principal  Ending Certificate  Ending Certificate  Total Principal
Class     Reduction           Balance           Percentage        Distribution
-----  ---------------  ------------------  ------------------  ---------------
<S>    <C>              <C>                 <C>                 <C>
 A-R      0.00000000          0.00000000        0.00000000         0.00000000
 A-1     49.30323727        837.77366805        0.83777367        49.30323727
 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
 X-A      0.00000000          0.00000000        0.00000000         0.00000000
 X-B      0.00000000          0.00000000        0.00000000         0.00000000
</TABLE>

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

                         INTEREST DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
                                             Beginning                  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-R            100.00      4.67977%                0.00          0.00     0.00        0.00       0.00      0.00
 A-1    349,687,000.00      3.80938%      310,199,261.79    984,722.39     0.00        0.00       0.00      0.00
 B-1      6,208,000.00      3.97938%        6,208,000.00     20,586.66     0.00        0.00       0.00      0.00
 B-2      3,287,000.00      4.24938%        3,287,000.00     11,639.76     0.00        0.00       0.00      0.00
 B-3      2,374,000.00      4.56544%        2,374,000.00      9,031.96     0.00        0.00       0.00      0.00
 B-4      1,095,000.00      4.56544%        1,095,000.00      4,165.96     0.00        0.00       0.00      0.00
 B-5        731,000.00      4.56544%          731,000.00      2,781.11     0.00        0.00       0.00      0.00
 B-6      1,826,168.26      4.56544%        1,826,168.26      6,947.72     0.00        0.00       0.00      0.00
 X-A              0.00      0.75606%      310,199,261.79    195,440.58     0.00        0.00       0.00      0.00
 X-B              0.00      0.49259%        9,495,000.00      3,897.61     0.00        0.00       0.00      0.00
        --------------                                    ------------     ----        ----       ----
Totals  365,208,268.26                                    1,239,213.75     0.00        0.00       0.00
        ==============                                    ============     ====        ====       ====

<CAPTION>
                        Remaining      Ending
                          Unpaid    Certificate/
        Total Interest   Interest    Notational
Class    Distribution   Shortfall      Balance
-----   --------------  ---------  --------------
<S>     <C>             <C>        <C>
 A-R             0.00      0.00              0.00
 A-1       984,722.39      0.00    292,958,560.66
 B-1        20,586.66      0.00      6,208,000.00
 B-2        11,639.76      0.00      3,287,000.00
 B-3         9,031.96      0.00      2,374,000.00
 B-4         4,165.96      0.00      1,095,000.00
 B-5         2,781.11      0.00        731,000.00
 B-6         6,947.72      0.00      1,826,168.26
 X-A       195,440.58      0.00    292,958,560.66
 X-B         3,897.61      0.00      9,495,000.00
         ------------      ----
Totals   1,239,213.75      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>
                                           Beginning                Payment of                 Non-
                                          Certificate/    Current     Unpaid      Current    Supported
Class   Original Face       Current         Notional      Accrued    Interest    Interest    Interest    Realized
 (5)       Amount      Certificate Rate     Balance      Interest    Shortfall   Shortfall   Shortfall   Loss (6)
-----  --------------  ----------------  -------------  ----------  ----------  ----------  ----------  ----------
<S>    <C>             <C>               <C>            <C>         <C>         <C>         <C>         <C>
 A-R           100.00      4.67977%         0.00000000  0.00000000  0.00000000  0.00000000  0.00000000  0.00000000
 A-1   349,687,000.00      3.80938%       887.07690532  2.81601086  0.00000000  0.00000000  0.00000000  0.00000000
 B-1     6,208,000.00      3.97938%      1000.00000000  3.31615013  0.00000000  0.00000000  0.00000000  0.00000000
 B-2     3,287,000.00      4.24938%      1000.00000000  3.54114998  0.00000000  0.00000000  0.00000000  0.00000000
 B-3     2,374,000.00      4.56544%      1000.00000000  3.80453243  0.00000000  0.00000000  0.00000000  0.00000000
 B-4     1,095,000.00      4.56544%      1000.00000000  3.80452968  0.00000000  0.00000000  0.00000000  0.00000000
 B-5       731,000.00      4.56544%      1000.00000000  3.80452804  0.00000000  0.00000000  0.00000000  0.00000000
 B-6     1,826,168.26      4.56544%      1000.00000000  3.80453442  0.00000000  0.00000000  0.00000000  0.00000000
 X-A             0.00      0.75606%       887.07690532  0.55890147  0.00000000  0.00000000  0.00000000  0.00000000
 X-B             0.00      0.49259%      1000.00000000  0.41049078  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-R     0.00000000    0.00000000     0.00000000
 A-1     2.81601086    0.00000000   837.77366805
 B-1     3.31615013    0.00000000  1000.00000000
 B-2     3.54114998    0.00000000  1000.00000000
 B-3     3.80453243    0.00000000  1000.00000000
 B-4     3.80452968    0.00000000  1000.00000000
 B-5     3.80452804    0.00000000  1000.00000000
 B-6     3.80453442    0.00000000  1000.00000000
 X-A     0.55890147    0.00000000   837.77366805
 X-B     0.41049078    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                              18,626,897.76
   Liquidations, Insurance Proceeds, Reserve Funds                          0.00
   Proceeds from Repurchased Loans                                          0.00
   Other Amounts (Servicer Advances)                                   23,689.27
   Realized Losses (Gains, Subsequent Expenses & Recoveries)                0.00
   Prepayment Penalties                                                     0.00
                                                                   -------------
Total Deposits                                                     18,650,587.03

Withdrawals
   Reimbursement for Servicer Advances                                 63,865.23
   Payment of Service Fee                                             106,806.92
   Payment of Interest and Principal                               18,479,914.88
                                                                   -------------
Total Withdrawals (Pool Distribution Amount)                       18,650,587.03

Ending Balance                                                              0.00
                                                                   =============
</TABLE>
<PAGE>
                    PREPAYMENT/CURTAILMENT INTEREST SHORTFALL

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

                                 SERVICING FEES

<TABLE>
<S>                                                                   <C>
Gross Servicing Fee                                                   102,328.26
Master Servicing Fee                                                    4,478.66
Supported Prepayment/Curtailment Interest Shortfall                         0.00
                                                                      ----------
Net Servicing Fee                                                     106,806.92
                                                                      ==========
</TABLE>

                                 OTHER ACCOUNTS

<TABLE>
<CAPTION>
                                     Beginning     Current     Current   Ending
Account Type                          Balance    Withdrawals  Deposits   Balance
------------                         ---------   -----------  --------  --------
<S>                                  <C>         <C>          <C>       <C>
Reserve Fund                          5,000.00       0.00       0.00    5,000.00
Reserve Fund                          5,000.00       0.00       0.00    5,000.00
</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   5,149,913.08  30 Days        0      0.00    30 Days        0      0.00
60 Days        3   1,147,370.86  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
             ---   ------------               ---      ----                 ---      ----
              19   6,297,283.94                 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   5,149,913.08
60 Days        0      0.00    60 Days        3   1,147,370.86
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                  19   6,297,283.94
</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    1.731602% 1.669443%  30 Days    0.000000% 0.000000%  30 Days    0.000000% 0.000000%
60 Days    0.324675% 0.371942%  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%
           --------  --------              --------  --------              --------  --------
           2.056277% 2.041386%             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    1.731602% 1.669443%
60 Days    0.000000% 0.000000%  60 Days    0.324675% 0.371942%
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%             2.056277% 2.041386%
</TABLE>

Current Period Class A Insufficient Funds: 0.00

Principal Balance of Contaminated Properties 0.00

Periodic Advance 23,689.27
<PAGE>
                              COLLATERAL STATEMENT

<TABLE>
<CAPTION>
Collateral Description                                              Mixed ARM
----------------------                                           --------------
<S>                                                              <C>
Weighted Average Gross Coupon                                          4.958929%
Weighted Average Net Coupon                                            4.581938%
Weighted Average Pass-Through Rate                                     4.565438%
Weighted Average Maturity (Stepdown Calculation)                            333

Beginning Scheduled Collateral Loan Count                                   978
Number of Loans Paid in Full                                                 54
Ending Scheduled Collateral Loan Count                                      924

Beginning Scheduled Collateral Balance                           325,720,430.05
Ending Scheduled Collateral Balance                              308,479,728.92
Ending Actual Collateral Balance at 31-Aug-2005                  308,480,840.98

Monthly P&I Constant                                               1,349,327.97
Special Servicing Fee                                                      0.00
Prepayment Penalties                                                       0.00
Realized Loss Amount                                                       0.00
Cumulative Realized Loss                                                   0.00

Scheduled Principal                                                    3,307.45
Unscheduled Principal                                             17,237,393.68
</TABLE>

MISCELLANEOUS REPORTING

<TABLE>
<S>                                                                    <C>
Senior Percentage                                                      1.000000%
Senior Prepayment Percentage                                           1.000000%
Subordinate Prepayment Percentage                                      0.000000%
Subordinate Percentage                                                 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"}]]