Common use of Allocation of Losses Clause in Contracts

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized Losses. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among the Senior Certificates in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate Balances. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates in the aggregate shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any allocation of Realized Losses to a Class of Certificates or any reduction in the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished by reducing the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "Class Certificate Balance." (e) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class as provided above.

Allocation of Losses. (a) On or prior to each Determination Distribution Date, the Master Servicer shall inform calculate the Trustee in writing aggregate Realized Losses for such Distribution Date based on the information with respect to losses as reported to it by each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesServicer. Based on such informationOn each Master Servicer Reporting Date, the Trustee Master Servicer shall determine report the total amount of aggregate Realized Losses, including Excess Losses, with respect Losses for such Distribution Date to the related Securities Administrator in a format mutually acceptable to the Master Servicer and Securities Administrator. (b) On each Distribution Date. The , the Securities Administrator shall allocate the principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first : first, to the Classes of Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate B-5 Certificates then outstanding and ending with the highest numerical Class designationB-1 Certificates) until the respective Class Certificate Balance Principal Amount of each such Class is reduced to zero; and second, and second to the Senior Class A Certificates, pro rata, on the basis of their respective until its Class Certificate Balances immediately prior Principal Amount has been reduced to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among the Senior Certificates in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate Balanceszero. (bc) The On each Distribution Date, the Class Certificate Balance Principal Amount of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation lowest payment priority shall be reduced on each Distribution Date by the amount, Certificate Writedown Amount and if any, by which no Subordinate Certificates are then outstanding the aggregate Class Principal Amount of the Class Certificate Balances of all outstanding Classes of A Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates in the aggregate shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage InterestsWritedown Amount. (d) Any allocation of Realized Losses a loss pursuant to this section to a Class of Certificates or any reduction in the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished achieved by reducing the Class Certificate Balance Principal Amount thereof prior to by the distributions made on the related Distribution Date in accordance with the definition amount of "Class Certificate Balancesuch loss." (e) With Subsequent Recoveries in respect of the Mortgage Loans shall be distributed to the Certificates still outstanding, in accordance with Section 5.02, and the Class Principal Amount of each Class of Certificates then outstanding that has been reduced due to application of a Certificate Writedown Amount or Realized Loss will be increased, sequentially in order of seniority, by the lesser of (i) the amount of such Subsequent Recovery (reduced by any Distribution Date, amounts applied for this purpose to more senior-ranking Certificates) and (ii) the Realized Loss amount previously allocated to such Class. (f) Realized Losses and the amount of any Certificate Writedown Amount allocated pursuant to by this Section 5.03 will to a Class of Certificates shall be allocated to each Uncertificated the corresponding Lower Tier REMIC Interest and shall reduce the Class Principal Amount of such Lower Tier REMIC Interest to the same extent that the Class Principal Amount of such Class of Certificates is reduced pursuant to the provisions of this Section. Subsequent Recoveries distributed to a Class of Certificates pursuant to the provisions of subsection 5.03(e) shall be deemed to have been distributed to the corresponding Lower Tier REMIC Interest. To the extent that the Class Principal Amount of any Class of Certificates has been increased on account of Subsequent Recoveries pursuant to the provisions of subsection 5.03(e), the principal balance of the corresponding Lower Tier REMIC Interest shall be increased by the same amount. (g) Any Class of Certificates or Lower-Tier Interest in an amount equal whose Class Principal Amount has been reduced to zero due to the amount allocated allocation of Realized Losses will nonetheless remain outstanding under this Agreement and will continue to its respective Corresponding Upper-Tier be entitled to receive Subsequent Recoveries until the termination of the Trust Fund; provided, however, that no such Class as provided aboveof Certificates will have voting rights with respect to matters under this Agreement requiring or permitting actions to be taken by any Certificateholders.

Allocation of Losses. (a) On or prior to each Determination Distribution Date, the Securities Administrator shall aggregate the information provided by each Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized Losses. Based Losses experienced on such information, the Trustee shall determine Mortgage Loans for the total amount of Realized Losses, including Excess Losses, related Distribution Date. (b) Applied Loss Amounts with respect to the related Distribution Date. The principal portion of Realized Losses with respect to Mortgage Loans on any Distribution Date shall be allocated as follows: (i) any Applied Loss Amounts on the principal portion of any Realized Loss (other than an Excess Loss) Mortgage Loans shall be allocated first to the Subordinate Class OC Certificates, until its Class Principal Balance is reduced to zero, and second, to the Subordinated Certificates in reverse order of their respective numerical Class designations priorities of payment (beginning with the Class of Subordinate Class B Certificates then outstanding with the highest numerical Class designation or, if no Classes of Class B Certificates are outstanding, then beginning with the Class of Class M Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Principal Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among the Senior Certificates in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate Balances. (b) The Class Certificate Principal Balance of the Class of Subordinate Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Principal Balances of all outstanding Classes of Offered Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses Applied Loss Amounts on the Mortgage Loans on such Distribution Date) exceeds the Adjusted Pool Amount aggregate Stated Principal Balance of the Mortgage Loans for such the following Distribution Date. After For the Senior Credit Support Depletion Dateavoidance of doubt, no reductions will be made in the Class Certificate Balances Principal Balance of the Senior Certificates in the aggregate shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation respect of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates based on the Class Certificate Balances immediately prior to such Distribution DateMortgage Loans. (c) Any Realized Applied Loss Amounts allocated to a Class of Subordinated Certificates or any reduction in the Class Certificate Principal Balance of a Class of Subordinated Certificates pursuant to Section 5.03(b5.04(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage InterestsCertificate Balances. (d) Any allocation of Realized Losses to a Class of Certificates Certificate or to any Component or any reduction in the Class Certificate Balance of a Class Certificate, pursuant to Section 5.03(b5.04(b) above shall be accomplished by reducing the Class Certificate Balance thereof prior to or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Class Certificate Balance" or "Component Balance," as the case may be. All Realized Losses or Applied Loss Amounts allocated to a Class of Component Certificates will be allocated, pro rata, to the related Components." (e) With respect to any Distribution DateFor the avoidance of doubt, no Realized Losses allocated pursuant to this Section 5.03 will on the Mortgage Loans shall be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class as provided aboveP Certificates.

Allocation of Losses. (a) On or prior to each Determination Date, the each Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: Loan serviced by such Servicer: (1) whether any Realized Loss is a Deficient Valuation, a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized Losses. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of the principal portion of any Realized Loss with respect to a Discount Mortgage Loan, including any Excess Loss, shall be allocated to the Class A-PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1) the applicable Non-PO Percentage of the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates (other than the Class A-PO Certificates), pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date, until the Class Certificate Balances thereof have been reduced to zero; and (ii2) the applicable Non-PO Percentage of the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates in (other than the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates Class A-PO Certificates), pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate Balances. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses and Class A-PO Deferred Amounts on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates in the aggregate (other than the Class Certificate Balance of the Class A-PO Certificates) shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (other than Class A-PO Certificates) (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the difference between (i) the Adjusted Pool Amount for such Distribution Date and (ii) the Adjusted Pool Amount (PO Portion) for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates (other than the Class A-PO Certificates) based on the Class Certificate Balances immediately prior to such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balance of the Class A-PO Certificates shall be reduced on each Distribution Date by the amount, if any, by which the Class Certificate Balance of the Class A-PO Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any allocation of Realized Losses to a Class of Certificates or any reduction in the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished by reducing the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "Class Certificate Balance." (e) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class as provided above.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized Losses. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of the principal portion of any Realized Loss with respect to a Discount Mortgage Loan, including any Excess Loss, shall be allocated to the Class A-PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1) the applicable Non-PO Percentage of the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates (other than the Class A-PO Certificates), pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date, until the Class Certificate Balances thereof have been reduced to zero; and (ii2) the applicable Non-PO Percentage of the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates in (other than the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates Class A-PO Certificates), pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate Balances. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses and Class A-PO Deferred Amounts on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates in the aggregate (other than the Class Certificate Balance of the Class A-PO Certificates) shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (other than Class A-PO Certificates) (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the difference between (i) the Adjusted Pool Amount for such Distribution Date and (ii) the Adjusted Pool Amount (PO Portion) for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates (other than the Class A-PO Certificates) based on the Class Certificate Balances immediately prior to such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balance of the Class A-PO Certificates shall be reduced on each Distribution Date by the amount, if any, by which the Class Certificate Balance of the Class A-PO Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any allocation of Realized Losses to a Class of Certificates or any reduction in the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished by reducing the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "Class Certificate Balance." (e) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class as provided above.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate BalancesSection 5.03(b) below. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount Amounts for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Class A Certificates of the Related Group in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Class A Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Dateprincipal) exceeds equals the Adjusted Pool Amount for such Loan Group and Distribution Date. Any such reduction or increase shall be allocated among the Senior Class A Certificates of such Group based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinate Certificates or any reduction in is greater than the Class Certificate Balance of a such Class, the excess shall be distributed first, sequentially, to the Classes of Subordinate Certificates then outstanding (beginning with the Class of Subordinate Certificates than outstanding with the lowest numerical designation) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Class A Certificates of such Group, pro rata, on the basis of their respective Class Certificate Balances. (e) After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 1-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 1-A-2 Certificates will be reduced by the Class 1-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 1-A-1 Certificates will not be reduced by the Class 1-A-2 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 1-A-1 Loss Amount exceeds the Class Certificate Balance of the Class 1-A-2 Certificates prior to any reduction for the Class 1-A-2 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 1-A-1 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 2-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 2-A-2 Certificates will be reduced by the Class 2-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balances of the Class 2-A-1, Class 2-A-3, Class 2-A-4 and Class 2-A-5 Certificates will not be reduced by the Class 2-A-2 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the sum of the Class 2-A-1 Loss Amount, Class 2-A-3 Loss Amount, Class 2-A-4 Loss Amount and Class 2-A-5 Loss Amount exceeds the Class Certificate Balance of the Class 2-A-2 Certificates prior to any reduction for the Class 2-A-2 Loss Allocation Amount, such excess will be distributed, pro rata, based on the Class Certificate Balances of the Class 2-A-1, Class 2-A-3, Class 2-A-4 and Class 2-A-5 Certificates, in reduction of the Class Certificate Balances of the Class 2-A-1, Class 2-A-3, Class 2-A-4 and Class 2-A-5 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 3-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 3-A-2 Certificates will be reduced by the Class 3-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 3-A-1 Certificates will not be reduced by the Class 3-A-2 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 3-A-1 Loss Amount exceeds the Class Certificate Balance of the Class 3-A-2 Certificates prior to any reduction for the Class 3-A-2 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 3-A-1 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 4-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 4-A-2 Certificates will be reduced by the Class 4-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 4-A-2 Certificates will not be reduced by the Class 4-A-2 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 4-A-1 Loss Amount exceeds the Class Certificate Balance of the Class 4-A-2 Certificates prior to any reduction for the Class 4-A-2 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 4-A-1 Certificates. Any increase allocated to the Class 2-A-1, Class 2-A-3, Class 2-A-4 and Class 2-A-5 Certificates pursuant to Section 5.03(b) above shall be accomplished by reducing will instead increase the Class Certificate Balance thereof prior of the Class 2-A-2 Certificates and any increase allocated to the distributions made on Class 1-A-1, Class 3-A-1 and Class 4-A-1 Certificates pursuant to Section 5.03(b) will instead increase the related Distribution Date in accordance with the definition of "Class Certificate BalanceBalance of the Class 1-A-2, Class 3-A-2 and Class 4-A-2 Certificates, respectively." (ef) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class as provided abovein Section 5.02(a). (g) Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance of a Class will be increased on any Distribution Date such that the Class Certificate Balance of such Class exceeds its Initial Class Certificate Balance less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized Losses. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable Ratio Strip Percentage of the principal portion of any Realized Loss with respect to a Discount Mortgage Loan shall be allocated to the Class A-4 Certificates until the Class Certificate Balance thereof is reduced to zero; and (other than an Excess Lossii) the applicable Non-Ratio Strip Percentage of the principal portion of any Realized Loss shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates (other than the Class A-4 Certificates), pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) , until the principal portion of any Excess Losses shall be allocated pro rata among the Senior Certificates in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior thereof have been reduced to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate Balanceszero. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses and Ratio Strip Deferred Amounts on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates in the aggregate (other than the Class Certificate Balance of the Class A-4 Certificates) shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (other than Class A-4 Certificates) (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the difference between (i) the Adjusted Pool Amount for such Distribution Date and (ii) the Adjusted Pool Amount (Ratio Strip Portion) for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates (other than the Class A-4 Certificates) based on the Class Certificate Balances immediately prior to such Distribution Date. The Class Certificate Balance of the Class A-4 Certificates shall be reduced on each Distribution Date by the amount, if any, by which the Class Certificate Balance of the Class A-4 Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount (Ratio Strip Portion) for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any allocation of Realized Losses to a Class of Certificates or any reduction in the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished by reducing the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "Class Certificate Balance." (e) With respect to After the Senior Credit Support Depletion Date, on any Distribution DateDate on which the Class A-3 Loss Allocation Amount is greater than zero, Realized Losses allocated pursuant to this Section 5.03 the Class Certificate Balance of the Class A-3 Certificates will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to reduced by the amount allocated to its respective Corresponding Upper-Tier Class as provided aboveA-3 Loss Allocation Amount and, notwithstanding Section 5.03(a)(ii) and Section 5.03(b), the Class Certificate Balance of the Class A-2 Certificates will not be reduced by the Class A-3 Loss Allocation Amount.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized Losses. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) , until the principal portion of any Excess Losses shall be allocated pro rata among the Senior Certificates in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior thereof have been reduced to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate Balanceszero. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates in the aggregate shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any allocation of Realized Losses to a Class of Certificates or any reduction in the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished by reducing the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "Class Certificate Balance." (e) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class as provided above.

Allocation of Losses. (a) On or prior to each Determination Date, the Master Servicer shall inform determine the Trustee in writing with respect to each Mortgage Loan: (1) whether amount of any Realized Loss is a Deficient Valuationin respect of each Mortgage Loan that occurred during the immediately preceding calendar month, a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, based on information provided by the Servicer. (2b) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized Losses. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall a Mortgage Loan will be allocated as follows:on a pro rata basis between the I-PO Percentage of the Scheduled Principal Balance of such Mortgage Loan and the Non-PO Percentage of such Scheduled Principal Balance. (ic) On each Distribution Date, the I-PO Percentage of the principal portion of any Realized Loss (other than an Excess Loss) shall on a Discount Mortgage Loan and any Class I-PO Certificate Cash Shortfall will be allocated first to the Subordinate Principal Only Certificates until the Current Principal Amount of those Principal Only Certificates is reduced to zero. With respect to any Distribution Date through the Cross-Over Date, the aggregate of all amounts so allocable to a class of Principal Only Certificates on such date in reverse order respect of their respective numerical any Realized Losses and any related Class designations (beginning I-PO Certificate Cash Shortfall and all amounts previously allocated in respect of such Realized Losses or Class I-PO Certificate Cash Shortfall and not distributed on prior Distribution Dates will be the Class I-PO Certificate Deferred Amount." To the extent funds are available therefor on any Distribution Date through the Cross-Over Date, distributions in respect of the Class I-PO Certificate Deferred Amount for the Class I-PO Certificates will be made in accordance with priority sixth of Section 6.01(a)(i). No interest will accrue on the Class I-PO Certificate Deferred Amount. On each Distribution Date through the Cross-Over Date, the Current Principal Amount of the lowest ranking Class of Subordinate Certificates then outstanding will be reduced by the amount of any distributions in respect of any Class I-PO Certificate Deferred Amount on such Distribution Date in accordance with the highest numerical priorities set forth above, through the operation of the Subordinate Certificate Writedown Amount. After the Cross-Over Date, no more distributions will be made in respect of, and applicable Realized Losses and Class designationI-PO Certificate Cash Shortfalls allocable to the Principal Only Certificates will not be added to, the Class I-PO Certificate Deferred Amount. (d) The Non-PO Percentage of the principal portion of Realized Losses on the Mortgage Loans will be allocated on any Distribution Date as follows: first, to the Class I-B-6 Certificates; second, to the Class I-B-5 Certificates; third, to the Class I-B-4 Certificates; fourth, to the Class I-B-3 Certificates; fifth, to the Class I-B-2 Certificates; and sixth, to the Class I-B-1 Certificates, in each case until the respective Class Certificate Balance Current Principal Amount of each such Class is class has been reduced to zero, and second to the Senior Certificates, pro rata, on the basis . The applicable Non-PO Percentage of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall Loss for any Distribution Date will be allocated pro rata among the Senior Certificates in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate Balances. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Mortgage Pass-Through Certificates (other than the Principal Only Certificates and the Interest Only Certificates) based on their Current Principal Amounts. Once the Subordinate Certificates have been reduced to zero, the principal portion of Realized Losses on the Mortgage Loans (if any) will be allocated on a pro rata basis to the remaining Senior Certificates (other than the Interest Only Certificates). (e) Notwithstanding the foregoing clause (d), no such allocation of any Realized Loss shall be made on a Distribution Date to any Class of Mortgage Pass-Through Certificates to the extent that such allocation would result in the reduction of the aggregate Current Principal Amounts of all the Mortgage Pass-Through Certificates as of such Distribution Date, after giving effect to the amount to be distributed as a distribution of principal all distributions and the allocation prior allocations of Realized Losses on the Mortgage Loans on such date, to an amount less than the aggregate Scheduled Principal Balance of all of the Mortgage Loans as of the first day of the month of such Distribution Date) exceeds the Adjusted Pool Amount for Date (such Distribution Date. After the Senior Credit Support Depletion Datelimitation, the Class Certificate Balances of the Senior Certificates in the aggregate shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates based on the Class Certificate Balances immediately prior to such Distribution Date"Loss Allocation Limit"). (cf) Any Realized Loss Losses allocated to a Class of Mortgage Pass-Through Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class (other than the Interest Only Certificates) in proportion to their respective Percentage Interests. (d) Current Principal Amounts. Any allocation of Realized Losses to a Class of Certificates or any reduction in the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished by reducing the Class Certificate Balance thereof prior to Current Principal Amount of the distributions made related Certificates on the related Distribution Date. (g) Realized Losses shall be allocated on the Distribution Date in the month following the month in which such loss was incurred and, in the case of the principal portion thereof, after giving effect to distributions made on such Distribution Date. (h) On each Distribution Date, the Securities Administrator shall determine and notify the Trustee in writing of the Subordinate Certificate Writedown Amount. Any Subordinate Certificate Writedown Amount shall effect a corresponding reduction in the Current Principal Amount of (i) if prior to the Cross-Over Date, the Current Principal Amounts of the Subordinate Certificates, in the reverse order of their numerical Class designations and (ii) from and after the Cross-Over Date, the Senior Certificates, in accordance with the definition of "Class Certificate Balancepriorities set forth in clause (b) above, which reduction shall occur on such Distribution Date after giving effect to distributions made on such Distribution Date." (ei) With Any Net Interest Shortfall will be allocated among the Classes of Mortgage Pass-Through Certificates in proportion to the respective amounts of Accrued Certificate Interest that would have been allocated thereto in the absence of such Net Interest Shortfall for such Distribution Date. The interest portion of any Realized Losses with respect to the Mortgage Loans occurring on or prior to the Cross-Over Date will not be allocated among any Mortgage Pass-Through Certificates, but will reduce the amount of Available Funds on the related Distribution Date. As a result of the subordination of the Subordinate Certificates in right of distribution, such Realized Losses allocated pursuant to this Section 5.03 on the Mortgage Loans will be borne by the Subordinate Certificates, in inverse order of their numerical Class designations. Following the Cross-Over Date, the interest portion of Realized Losses on the Mortgage Loans will be allocated to each Uncertificated Lower-Tier Interest in an amount equal the Senior Certificates to the amount extent not covered, with respect to the Class I-A-3 Certificates, by the Reserve Fund. (j) Any Deficient Valuation will on each Distribution Date be allocated solely to the Subordinate Certificates until the Bankruptcy Coverage Termination Date. The Bankruptcy Loss Amount and the related coverage levels may be reduced or modified upon written confirmation from the related Rating Agencies that such reduction or modification will not adversely affect the then current ratings of the Senior Certificates by the related Rating Agencies (determined without regard to the Policy). Such reduction may adversely affect the coverage provided by subordination with respect to Bankruptcy Losses. Any Fraud Loss will on each Distribution Date be allocated solely to the Subordinate Certificates until the Fraud Coverage Termination Date. Any Special Hazard Loss will on each Distribution Date be allocated solely to the outstanding Subordinate Certificates until the Special Hazard Termination Date. (k) Following distributions made on each Distribution Date, the principal portion of any realized losses allocated to its respective Corresponding Upperthe Underlying Certificates will be allocated to the Class II-Tier Class as provided aboveA Certificates on a pro rata basis, based on the Certificate Principal Balances thereof.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate BalancesSection 5.03(b) below. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount Amounts for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Class A Certificates of the Related Group in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Class A Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Dateprincipal) exceeds equals the Adjusted Pool Amount for such Loan Group and Distribution Date. Any such reduction or increase shall be allocated among the Senior Class A Certificates of such Group based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinate Certificates or any reduction in is greater than the Class Certificate Balance of a such Class, the excess shall be distributed first, sequentially, to the Classes of Subordinate Certificates then outstanding (beginning with the Class of Subordinate Certificates than outstanding with the lowest numerical designation) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Class A Certificates of such Group, pro rata, in accordance with the priorities set forth in Section 5.02. (e) After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 2-A-3 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 2-A-3 Certificates will be reduced by the Class 2-A-3 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 2-A-2 Certificates will not be reduced by the Class 2-A-3 Loss Allocation Amount. Any increase allocated to the Class 2-A-2 Certificates pursuant to Section 5.03(b) above shall be accomplished by reducing will instead increase the Class Certificate Balance thereof prior to of the distributions made on the related Distribution Date in accordance with the definition of "Class Certificate Balance2-A-3 Certificates." (ef) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest as provided in an amount equal Section 5.02(a). Realized Losses allocated pursuant to the amount this Section 5.03 will be allocated to its respective Corresponding Uppereach Uncertificated Lower-Tier Interest as described in Section 5.02(a). (g) Notwithstanding any other provision of this Section 5.03, no Class as provided aboveCertificate Balance of a Class will be increased on any Distribution Date such that the Class Certificate Balance of such Class exceeds its Initial Class Certificate Balance less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among the Senior Certificates in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date. Excess Losses allocated Certificates pursuant to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate BalancesSection 5.03(b) below. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the sum of the Adjusted Pool Amount Amounts for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Class A Certificates of the Related Group in the aggregate shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Class A Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Dateprincipal) exceeds the Adjusted Pool Amount for such Loan Group and Distribution Date. Any such reduction shall be allocated among the Senior Class A Certificates of such Group based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinate Certificates or any reduction in is greater than the Class Certificate Balance of a Class pursuant to Section 5.03(b) above such Class, the excess shall be accomplished by reducing distributed first, sequentially, to the Classes of Subordinate Certificates then outstanding (beginning with the Class of Subordinate Certificates than outstanding with the lowest numerical designation) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Class A Certificates of such Group, pro rata, in accordance with the priorities set forth in Section 5.02. (e) After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 1-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance thereof prior to of the distributions made on Class 1-A-3 Certificates will be reduced by the related Distribution Date in accordance with Class 1-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the definition of "Class Certificate BalanceBalance of the Class 1-A-2 Certificates will not be reduced by the Class 1-A-2 Loss Allocation Amount." (ef) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest Component or Components as provided in an amount equal Section 5.02(a). Realized Losses allocated pursuant to the amount this Section 5.03 will be allocated to its respective Corresponding Uppereach Uncertificated Lower-Tier Class Interest as provided abovedescribed in Section 5.02(a).

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate BalancesSection 5.03(b) below. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount Amounts for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Class A Certificates of the Related Group in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Class A Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Dateprincipal) exceeds equals the Adjusted Pool Amount for such Loan Group and Distribution Date. Any such reduction or increase shall be allocated among the Senior Class A Certificates of such Group based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinate Certificates or any reduction in is greater than the Class Certificate Balance of a Class pursuant to Section 5.03(b) above such Class, the excess shall be accomplished by reducing distributed first, sequentially, to the Classes of Subordinate Certificates then outstanding (beginning with the Class of Subordinate Certificates than outstanding with the lowest numerical designation) until the respective Class Certificate Balance thereof prior of each such Class is reduced to zero and then to the distributions made on the related Distribution Date Class A Certificates of such Group, pro rata, in accordance with the definition of "Class Certificate Balancepriorities set forth in Section 5.02." (e) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest Component or Components as provided in an amount equal Section 5.02(a). Realized Losses allocated pursuant to the amount this Section 5.03 will be allocated to its respective Corresponding Uppereach Uncertificated Lower-Tier Interest as described in Section 5.02(a). (f) Notwithstanding any other provision of this Section 5.03, no Class as provided aboveCertificate Balance of a Class will be increased on any Distribution Date such that the Class Certificate Balance of such Class exceeds its Initial Class Certificate Balance less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates.

Allocation of Losses. (a) On or prior to the 10th calendar day of each Determination Datemonth, the each Servicer shall inform the Trustee Master Servicer in writing with respect to each Mortgage LoanLoan it services: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized Losses. Based The Master Servicer shall provide such information to the Certificate Administrator and, based on such information, the Trustee Certificate Administrator shall determine and allocate the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate BalancesSection 5.03(b) below. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount Amounts for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates of the Related Loan Group in the aggregate shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates of such Related Loan Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on the Mortgage Loans in the Related Loan Group on such Distribution Date) exceeds the Adjusted Pool Amount for such Loan Group and such Distribution Date. Any such reduction shall be allocated among the Classes of Senior Certificates of the Related Group pro rata based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class pro rata in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, that the actual distribution of principal to the Classes of Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinated Certificates is greater than the Class Certificate Balance of such Class, the excess shall be distributed pro rata to the Classes of Subordinate Certificates in accordance with their remaining Class Certificate Balances. (e) After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 1-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 1-A-2 Certificates will be reduced by the Class 1-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 1-A-1 Certificates will not be reduced by the Class 1-A-2 Loss Allocation Amount. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 2-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 2-A-2 Certificates will be reduced by the Class 2-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balances of the Class 2-A-1 Certificates will not be reduced by the Class 2-A-2 Loss Allocation Amount. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 3-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 3-A-2 Certificates will be reduced by the Class 3-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 3-A-1 Certificates will not be reduced by the Class 3-A-2 Loss Allocation Amount. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 4-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 4-A-2 Certificates will be reduced by the Class 4-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 4-A-1 Certificates will not be reduced by the Class 4-A-2 Loss Allocation Amount. (f) If, after taking into account any Subsequent Recoveries, the amount of a Realized Loss is reduced, the amount of such Subsequent Recoveries will be applied to increase the Class Certificate Balance of the Class of Certificates with the highest payment priority to which Realized Losses have been allocated, but not by more than the amount of Realized Losses previously allocated to that Class of Certificates pursuant to this Section 5.03. The amount of any remaining Subsequent Recoveries will be applied to sequentially increase the Class Certificate Balance of the Certificates, beginning with the Class of Certificates with the next highest payment priority, up to the amount of such Realized Losses previously allocated to such Class or Classes of Certificates pursuant to this Section 5.03. Holders of such Certificates will not be entitled to any reduction payments in respect of current interest on the amount of such increases for any Interest Accrual Period preceding the Distribution Date on which such increase occurs. Any such increases shall be applied to the Class Certificate Balance of each Certificate of such Class in accordance with its respective Fractional Interest. (g) Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall will be accomplished by reducing increased on any Distribution Date such that the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "such Class exceeds its Initial Class Certificate BalanceBalance less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates." (e) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class as provided above.

Allocation of Losses. (a) On or prior to each Determination Distribution Date, the Master Servicer shall inform calculate the Trustee in writing aggregate Realized Losses for such Distribution Date based on the information with respect to losses as reported to it by each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesServicer. Based on such informationOn each Master Servicer Reporting Date, the Trustee Master Servicer shall determine report the total amount of aggregate Realized Losses, including Excess Losses, with respect Losses for such Distribution Date to the related Securities Administrator in a format mutually acceptable to the Master Servicer and Securities Administrator. (b) On each Distribution Date. The , the Securities Administrator shall allocate the principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first : first, to the Classes of Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate B-5 Certificates then outstanding and ending with the highest numerical Class designationB-1 Certificates) until the respective Class Certificate Balance Principal Amount of each such Class is reduced to zero; and second, and second to the Senior Class A Certificates (other than the Interest-Only Certificates), pro rata, on the basis of rata in accordance with their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among the Senior Certificates in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of Principal Amounts, until their respective Class Certificate Balances immediately prior Principal Amounts have been reduced to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate Balanceszero. (bc) The On each Distribution Date, the Class Certificate Balance Principal Amount of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation lowest payment priority shall be reduced on each Distribution Date by the amount, Certificate Writedown Amount and if any, by which no Subordinate Certificates are then outstanding the aggregate Class Principal Amounts of the Class Certificate Balances of all outstanding Classes of A Certificates (after giving effect to other than the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution DateInterest-Only Certificates) exceeds the Adjusted Pool Amount for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates in the aggregate shall be reduced on each Distribution Date by the amountCertificate Writedown Amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction pro rata in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to accordance with their respective Percentage InterestsClass Principal Amounts. (d) Any allocation of Realized Losses a loss pursuant to this section to a Class of Certificates or any reduction in the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished achieved by reducing the Class Certificate Balance Principal Amount thereof prior to by the distributions made on the related Distribution Date in accordance with the definition amount of "Class Certificate Balancesuch loss." (e) With Subsequent Recoveries in respect of the Mortgage Loans shall be distributed to the Certificates still outstanding, in accordance with Section 5.02, and the Class Principal Amount of each Class of Certificates then outstanding that has been reduced due to application of a Certificate Writedown Amount or Realized Loss will be increased, pro rata in accordance with their respective Class Principal Amounts in the case of the Class A Certificates (other than the Interest-Only Certificates) and sequentially in order of seniority in the case of the Subordinate Certificates, by the lesser of (i) the amount of such Subsequent Recovery (reduced by any Distribution Date, amounts applied for this purpose to more senior-ranking Certificates) and (ii) the Realized Loss amount previously allocated to such Class. (f) Realized Losses and the amount of any Certificate Writedown Amount allocated pursuant to by this Section 5.03 will to a Class of Certificates shall be allocated to each Uncertificated the corresponding Lower Tier REMIC Interest and shall reduce the Class Principal Amount of such Lower Tier REMIC Interest to the same extent that the Class Principal Amount of such Class of Certificates is reduced pursuant to the provisions of this Section. Subsequent Recoveries distributed to a Class of Certificates pursuant to the provisions of subsection 5.03(e) shall be deemed to have been distributed to the corresponding Lower Tier REMIC Interest. To the extent that the Class Principal Amount of any Class of Certificates has been increased on account of Subsequent Recoveries pursuant to the provisions of subsection 5.03(e), the principal balance of the corresponding Lower Tier REMIC Interest shall be increased by the same amount. (g) Any Class of Certificates or Lower-Tier Interest in an amount equal whose Class Principal Amount has been reduced to zero due to the amount allocated allocation of Realized Losses will nonetheless remain outstanding under this Agreement and will continue to its respective Corresponding Upper-Tier be entitled to receive Subsequent Recoveries until the termination of the Trust Fund; provided, however, that no such Class as provided aboveof Certificates will have voting rights with respect to matters under this Agreement requiring or permitting actions to be taken by any Certificateholders.

Allocation of Losses. (a) On or prior to each Determination Distribution Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized Losses. Based on such information, the Trustee shall determine the total amount of the Applied Realized Losses, including Excess Losses, with respect to the related Loss Amounts for each Group for such Distribution Date. The principal portion of Applied Realized Losses with respect to Loss Amount for any Group and Distribution Date shall be allocated as follows: (i) applied by reducing, on a dollar for dollar basis, the principal portion Certificate Principal Balance of any Realized Loss (other than an Excess Loss) shall be allocated first to the each Class of Subordinate Certificates in reverse order of their respective numerical Class designations (the related Group beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) lowest relative payment priority, in each case until the respective Class Certificate Principal Balance of each such Class thereof is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among the Senior Certificates in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date. Excess Losses Any Applied Realized Loss Amount allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate Balances. (b) The Class Certificate Balance of the a Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates in the aggregate shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Subordinate Certificates of such Class in proportion to their respective Percentage Interests. (d) Any allocation of Realized Losses to a Class of Certificates or any reduction in the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished by reducing the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "Class Certificate Balance." (eb) With respect to any Class of Subordinate Certificates of a Group to which an Applied Realized Loss Amount has been allocated (including any such Class for which the related Certificate Principal Balance has been reduced to zero), the Certificate Principal Balance of such Class will be increased up to the amount of related Recoveries for such Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal beginning with the Class of Subordinate Certificates of the related Group with the highest relative payment priority, up to the amount of the lesser of (i) the Applied Realized Loss Amounts previously allocated to its reduce such Certificate Principal Balance and (ii) the outstanding Class Principal Carryover Shortfall of such Class. Any increase to the Certificate Principal Balance of a Class of Subordinate Certificates shall be allocated among the Subordinated Certificates of such Class in proportion to their respective Corresponding Upper-Tier Class as provided abovePercentage Interests.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate BalancesSection 5.03(b) below. (b) The Class Certificate Balance of the Class of Subordinate 30-PO Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the Class Certificate Balance of such Class (after giving effect to the amount to be distributed as a distribution of principal on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for such Distribution Date. The Class Certificate Balance of the Subordinate Certificates then outstanding lowest in order of payment priority shall be reduced or increased on each Distribution Date by the amount, if any, necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Non-PO Certificates and Subordinate Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses the PO Deferred Amounts on such Distribution Date) exceeds equals the Adjusted Pool Amount (Non-PO Portion) for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Non-PO Certificates in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Non-PO Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the Adjusted Pool Amount (Non-PO Portion) for such Distribution Date. Any such reduction or increase shall be allocated among the Senior Non-PO Certificates (other than the Class A-9 Certificates) and the Components, based on the Class Certificate Balances or Component Balances immediately prior to such Distribution DateDate until the Class Certificate Balances or Component Balances thereof have been reduced to zero or, in the case of the Class A-14 Certificates, the Initial Class Certificate Balance, if lower, until the Class Certificate Balances or Component Balances thereof have been reduced to zero. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Subordinate Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Subordinate Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinate Certificates or is greater than the Class Certificate Balance of such Class, the excess shall be distributed first, sequentially, to the Classes of Subordinate Certificates then outstanding (beginning with the Class of Subordinate Certificates then outstanding highest in order of payment priority) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Senior Non-PO Certificates, pro rata, on the basis of their respective Class Certificate Balances. (e) After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class A-4 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class A-4 Certificates will be reduced by the Class A-4 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class A-3 and Class A-11 Certificates will not be reduced by the Class A-4 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the sum of the Class A-3 Loss Amount and Class A-11 Loss Amount exceeds the Class Certificate Balance of the Class A-4 Certificates prior to any reduction for the Class A-4 Loss Allocation Amount, such excess will be distributed pro rata, based on the Class Certificate Balances of the Class A-3 and Class A-11 Certificates in reduction of the Class Certificate Balance of the Class A-3 and Class A-11 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class A-9-1 Component Loss Allocation Amount is greater than zero, the Component Balance of the Class A-9-1 Component will be reduced by the Class A-9-1 Component Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class A-5 Certificates will not be reduced by the Class A-9-1 Component Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class A-5 Loss Amount exceeds the Component Balance of the Class A-9-1 Component prior to any reduction for the Class A-9-1 Component Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class A-5 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class A-9-2 Component Loss Allocation Amount is greater than zero, the Component Balance of the Class A-9-2 Component will be reduced by the Class A-9-2 Component Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class A-6 Certificates will not be reduced by the Class A-9-2 Component Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class A-6 Loss Amount exceeds the Component Balance of the Class A-9-2 Component prior to any reduction for the Class A-9-2 Component Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class A-6 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class A-9-3 Component Loss Allocation Amount is greater than zero, the Component Balance of the Class A-9-3 Component will be reduced by the Class A-9-3 Component Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class A-7 Certificates will not be reduced by the Class A-9-3 Component Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class A-7 Loss Amount exceeds the Component Balance of the Class A-9-3 Component prior to any reduction for the Class A-9-3 Component Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class A-7 Certificates. Any increase allocated to the Class A-3 and Class A-11 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class A-4 Certificates and any increase in the Class Certificate Balances allocated to the Class A-5, Class A-6 and Class A-7 Certificates pursuant to Section 5.03(b) will instead increase the Component Balances of the Class A-9-1, Class A-9-2 and Class A-9-3 Components, respectively. (f) Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall will be accomplished by reducing increased on any Distribution Date such that the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "such Class exceeds its Initial Class Certificate BalanceBalance (plus, in the case of the Class A-14 Certificates, any Accrual Distribution Amounts previously added thereto) less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates (excluding in the case of any Class of Subordinate Certificates any principal otherwise payable to such Class of Subordinate Certificates but used to pay any PO Deferred Amount)." (eg) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest as described in Section 5.02(a) in an amount equal to the amount Realized Losses allocated to its respective Corresponding Uppersuch Uncertificated Lower-Tier Interest's Corresponding Upper Tier Class as provided aboveor Classes.

Allocation of Losses. (a) On or prior to each Determination Distribution Date, the Master Servicer shall inform aggregate the Trustee in writing information provided by each Servicer with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized Losses. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the Mortgage Loans for the related Distribution Date. The 63963 SEQUOIA 12 Pooling and Servicing Agreement 57 (b) On each Distribution Date, the principal portion of Realized Losses, Bankruptcy Losses, Fraud Losses and Special Hazard Losses with respect to any such Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss Losses, Bankruptcy Losses, Fraud Losses and Special Hazard Losses (other than an Excess LossLosses) shall be allocated first in the following order: first, to the Classes of Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance Principal Amount of each such Class is reduced to zero; and second, and second to the each Class of Senior Certificates, pro ratain each case, on until the basis Class Principal Amount of their respective such Class Certificate Balances immediately prior of Senior Certificates is reduced to the related Distribution Date; andzero; (ii) the principal portion of any Excess Losses shall be allocated proportionately on a pro rata among the Senior Certificates in the aggregate on the basis of their aggregate principal balance and among to the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate BalancesPrincipal Amounts. (biii) The Class Certificate Balance Principal Amount of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances Principal Amounts of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses, Bankruptcy Losses, Fraud Losses and Special Hazard Losses and Excess Losses on such Distribution Date) exceeds the Adjusted Pool Amount Aggregate Stated Principal Balance for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates in the aggregate shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates based on the Class Certificate Balances immediately prior to such following Distribution Date. (civ) Any Realized Loss allocated allocation of a loss pursuant to this section to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any allocation of Realized Losses to a Class of Certificates or any reduction in the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished achieved by reducing the Class Certificate Balance Principal Amount thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "Class Certificate Balance." (e) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to by the amount allocated to its respective Corresponding Upper-Tier Class as provided aboveof such loss.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses on the Mortgage Loans in a Loan Group with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of the principal portion of any Realized Loss with respect to a Discount Mortgage Loan in such Loan Group shall be allocated to the Class A-PO Component of the Related Group until the Class Certificate Balance thereof is reduced to zero; and (other than an Excess Lossii) the applicable Non-PO Percentage of the principal portion of any Realized Loss with respect to a Mortgage Loan in such Loan Group shall be allocated first to the Subordinate Certificates of the Related Group in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates of the Related Group then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior CertificatesCertificates of the Related Group, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) , until the principal portion of any Excess Losses shall be allocated pro rata among the Senior Certificates in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior thereof have been reduced to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate Balanceszero. (b) The Component Balance of the Class A-PO Component of a Group shall be reduced on each Distribution Date by the amount, if any, by which the Component Balance of such Class A-PO Component (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for the Related Loan Group for such Distribution Date. The Class Certificate Balance of the Class of Subordinate Certificates of a Group then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses and Class A-PO Deferred Amounts on such Distribution Date) exceeds the Adjusted Pool Amount for the Related Loan Group for such Distribution Date. After the Senior Credit Support Depletion DateDate for a Group, the Class Certificate Balances of the Senior Certificates of such Group in the aggregate shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the difference between (i) the Adjusted Pool Amount for the Related Loan Group for such Distribution Date and (ii) the Adjusted Pool Amount (PO Portion) for the Related Loan Group for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates of such Group, based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any allocation of Realized Losses to a Class of Certificates or any reduction in the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished by reducing the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "Class Certificate Balance." (e) With respect to After the Senior Credit Support Depletion Date for Group 3, on any Distribution DateDate on which the Class 3-A-2 Loss Allocation Amount is greater than zero, Realized Losses allocated pursuant to this Section 5.03 the Class Certificate Balance of the Class 3-A-2 Certificates will be allocated to each Uncertificated Lowerreduced by the Class 3-Tier Interest in an amount equal to A-2 Loss Allocation Amount and, notwithstanding Section 5.03(a)(ii) and Section 5.03(b), the amount allocated to its respective Corresponding UpperClass Certificate Balance of the Class 3-Tier A-1 Certificates will not be reduced by the Class as provided above3-A-2 Loss Allocation Amount.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee shall determine the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group, including Excess Losses, with respect to the related Distribution Date. The principal portion of Realized Losses on the Mortgage Loans in a Loan Group with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of the principal portion of any Realized Loss with respect to a Discount Mortgage Loan in such Loan Group, including any Excess Loss, shall be allocated to the Class A-PO Component of the Related Group until the Class Certificate Balance thereof is reduced to zero; and (ii) the applicable Non-PO Percentage of the principal portion of any Realized Loss (other than an Excess Loss) with respect to a Mortgage Loan in such Loan Group shall be allocated first to the Subordinate Certificates of the Related Group in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates of the Related Group then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior CertificatesCertificates of the Related Group, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution DateDate or, in the case of the Class 1-A-7 Certificates, their Initial Class Certificate Balance, if lower, until the Class Certificate Balances thereof have been reduced to zero; and (iiiii) the applicable Non-PO Percentage of the principal portion of any Excess Losses with respect to a Mortgage Loan in such Loan Group shall be allocated pro rata among the Senior Certificates of the Related Group in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates of the Related Group on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date. Excess Losses allocated to the Senior Certificates of the Related Group, will be allocated among such Classes pro rata on the basis of their respective Class Certificate Balances, or in the case of the Class 1-A-7 Certificates, their Initial Class Certificate Balance, if lower. (b) The Component Balance of the Class A-PO Component of a Group shall be reduced on each Distribution Date by the amount, if any, by which the Component Balance of such Class A-PO Component (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for the Related Loan Group for such Distribution Date. The Class Certificate Balance of the Class of Subordinate Certificates of a Group then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses and Class A-PO Deferred Amounts on such Distribution Date) exceeds the Adjusted Pool Amount for the Related Loan Group for such Distribution Date. After the Senior Credit Support Depletion DateDate for a Group, the Class Certificate Balances of the Senior Certificates of such Group in the aggregate shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the difference between (i) the Adjusted Pool Amount for the Related Loan Group for such Distribution Date and (ii) the Adjusted Pool Amount (PO Portion) for the Related Loan Group for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates of such Group, based on the Class Certificate Balances immediately prior to such Distribution DateDate or, in the case of the Class 1-A-7 Certificates, their Initial Class Certificate Balance, if lower. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any allocation of Realized Losses to a Class of Certificates or any reduction in the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished by reducing the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "Class Certificate Balance." (e) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class Class, Classes, Component or Components as provided above.

Allocation of Losses. (a) On or prior to each Determination Date, the Master Servicer shall inform the Trustee Securities Administrator in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans. Based on such information, the Trustee Securities Administrator shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution DateSection 5.03(b) below. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate Balances. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the Adjusted Pool Amount for such Distribution Date. Any such reduction or increase shall be allocated among the Senior Certificates Certificates, based on the Class Certificate Balances immediately prior to such Distribution DateDate until the Class Certificate Balances thereof have been reduced to zero. (cb) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b5.03(a) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (dc) Any The calculation of the amount to be distributed as principal to any Class of Subordinate Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Subordinate Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinate Certificates or is greater than the Class Certificate Balance of such Class, the excess shall be distributed first, sequentially, to the Classes of Subordinate Certificates then outstanding (beginning with the Class of Subordinate Certificates then outstanding with the lowest numerical designation) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Senior Certificates, pro rata, in accordance with the priorities set forth in Section 5.02. (d) After the Senior Credit Support Depletion Date, on any reduction Distribution Date on which the Class A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class A-2 Certificates will be reduced by the Class A-2 Loss Allocation Amount and, notwithstanding Section 5.03(a), the Class Certificate Balance of the Class A-1 Certificates will not be reduced by the Class A-2 Loss Allocation Amount. (e) Any increase in the Class Certificate Balance allocated to the Class A-1 Certificates pursuant to Section 5.03(a) will instead increase the Class Certificate Balance of the Class A-2 Certificates. (f) Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall of Certificates will be accomplished by reducing increased on any Distribution Date such that the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "such Class exceeds its Initial Class Certificate BalanceBalance less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates." (e) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class as provided above.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis operation of their respective Class Certificate BalancesSection 5.03(b). (b) The Class Certificate Component Balance of the Class PO Component of Subordinate Certificates then outstanding with the highest numerical Class designation a Loan Group, if any, shall be reduced on each Distribution Date by the amount, if any, by which the Component Balance of such PO Component (after giving effect to the amount to be distributed as a distribution of principal on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for the Related Loan Group for such Distribution Date. The Class Certificate Balance of the Class of Class B Certificates then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (but not the Class A-PO Certificates) and Class B Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses the PO Deferred Amounts on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount Amounts (Non-PO Portion) for all Loan Groups for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates of each Group in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the Adjusted Pool Amount (Non-PO Portion) for the Related Loan Group for such Distribution Date. Any such reduction or increase shall be allocated among the Senior Certificates of such Group, based on the Class Certificate Balances or, in the case of the 1-CB-4 Certificates, their initial class balance, if lower, immediately prior to such Distribution DateDate until the Class Certificate Balances thereof have been reduced to zero. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Class B Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Class B Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Class B Certificates or is greater than the Class Certificate Balance of such Class, the excess shall be distributed first, sequentially, to the Classes of Class B Certificates then outstanding (beginning with the Class of Class B Certificates then outstanding with the lowest numerical designation) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Senior Certificates, pro rata, in accordance with the priorities set forth in Section 5.02. (e) After the Senior Credit Support Depletion Date and prior to the date on which the Class Certificate Balance of the Class 1-CB-5 Certificates has been reduced to zero, on any reduction Distribution Date on which the Class 1-CB-5 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 1-CB-5 Certificates will be reduced by the Class 1-CB-5 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 1-CB-1 Certificates will not be reduced by the Class 1-CB-5 Loss Allocation Amount. Any increase in the Class Certificate Balance allocated to the Class 1-CB-1 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 1-CB-5 Certificates. (f) Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall will be accomplished by reducing increased on any Distribution Date such that the Class Certificate Balance thereof prior of such Class exceeds its Initial Class Certificate Balance (plus, in the case of the Class 1-CB-4 Certificates, any Class 1-CB-4 Accrual Distribution Amounts previously added to the distributions made on the related Distribution Date in accordance with the definition of "Class Certificate Balance) less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates (excluding in the case of any Class of Class B Certificates any principal otherwise payable to such Class B Certificates but used to pay any PO Deferred Amount)." (eg) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest as described in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class as provided aboveSection 5.02(a).

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized Losses. Based on such information, the Trustee shall determine the total amount of Realized Losses, including other than the Class P Fraction of the Realized Loss, if applicable, and other than any Excess LossesLoss or Extraordinary Loss on the Mortgage Loans in each of Loan Group I, with respect to the related Distribution Date. The principal portion of Realized Losses Loan Group II and Loan Group III with respect to any Distribution Date shall be allocated by the Trustee to the Classes of Certificates as follows: (i) first, by reducing the principal portion Class Principal Balance of any Realized Loss (other than an Excess Loss) shall be allocated first to the each Class of Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) lowest relative payment priority, in each case until the respective Class Certificate Principal Balance of each such Class thereof is reduced to zero, and second among the certificates of a Class in proportion to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution DatePercentage Interests; and (ii) second, to the principal portion Class A Certificates related to that Loan Group, pro rata, based on their respective Class Principal Balances, and among the certificates of any a Class in proportion to their respective Percentage Interests. (b) On each Distribution Date, Excess Losses shall and Extraordinary Losses, other than the Class P Fraction of the Excess Loss, if applicable, will be allocated pro rata among the Classes of Senior Certificates in Certificates, other than the aggregate Class X and Class P Certificates, and the Subordinate Certificates, based on the basis of their aggregate principal balance respective Class Principal Balances, and among the Classes Certificates of Subordinate Certificates on the basis of a Class in proportion to their respective Percentage Interests. For purposes of allocating any Excess Loss or Extraordinary Loss to any Accrual Class Certificate Balances immediately prior on any Distribution Date, the applicable Class Principal Balance will be equal to the lesser of its Class Principal Balance as of the Closing Date and its Class Principal Balance as of that Distribution Date. (c) With respect to any Realized Loss, including any Excess Loss and Extraordinary Loss, on a Class P Mortgage Loan, the applicable Class P Fraction of such loss will be allocated to the related Class P Certificates, until the respective Class Principal Balance thereof is reduced to zero. On each Distribution Date. Excess Losses allocated , if the aggregate Class Principal Balance of all outstanding Classes of Certificates exceeds the aggregate Stated Principal Balance of the Mortgage Loans (after giving effect to distributions of principal and the allocation of all losses to the Senior Certificates on that Distribution Date), that excess will be deemed a principal loss and will be allocated among such Classes pro rata on by reducing the basis of their respective Class Certificate Balances. (b) The Class Certificate Principal Balance of the Class of Subordinate Certificates then outstanding with the highest numerical lowest relative payment priority, until the respective Class designation shall be Principal Balance thereof is reduced on each Distribution Date by the amountto zero, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates in the aggregate shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such that Class in proportion to their respective Percentage Interests. . Excess Losses and Extraordinary Losses will be allocated to all Classes of Certificates (d) Any allocation of Realized Losses other than the Class P Certificates and the Notional Amount Certificates), pro rata, according to, and in reduction of, their respective Class Principal Balances (except if the loss is recognized with respect to a Class P Mortgage Loan, in which case the applicable Class P Fraction of such loss will be allocated to the relevant Class P Certificates or any reduction and the remainder will be allocated as described above); provided, however, that in the Class Certificate Balance case of a Class pursuant to Section 5.03(b) above shall the Accrual Certificates, on any Distribution Date, these allocations will be accomplished by reducing the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition lesser of "their respective Class Certificate Balance." (e) With respect to any Principal Balances as of the Closing Date and their respective Class Principal Balances as of that Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class as provided above.

Allocation of Losses. (a) On or prior to each Determination Distribution Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized Losses. Based on such information, the Trustee shall determine aggregate the information provided by each Servicer with respect to the total amount of Realized Losses, including Excess Losses, with respect to the Mortgage Loans for the related Distribution Date. The . (b) On each Distribution Date, the principal portion of Realized Losses, Bankruptcy Losses, Fraud Losses and Special Hazard Losses with respect to any such Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss Losses, Bankruptcy Losses, Fraud Losses and Special Hazard Losses (other than an Excess LossLosses) shall be allocated first in the following order: first, to the Classes of Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance Principal Amount of each such Class is reduced to zero; and second, and second to each Class of Senior Certificates relating to the Senior CertificatesMortgage Pool which sustained such loss (allocated, pro rata, on in the basis case of their respective Class Certificate Balances immediately prior to Pool among the related Distribution Date; andSenior Classes on a pro rata basis), in each case, until the Class Principal Amount of each Class of Senior Certificates is reduced to zero; (ii) the principal portion of any Excess Losses in respect of a Mortgage Pool shall be allocated proportionately on a pro rata among basis to (A) the Classes of Senior Certificates in of the aggregate related Mortgage Pool on the basis of their aggregate principal balance Class Certificate Principal Amounts; and among (B) to the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate Apportioned Principal Balances. (biii) The Class Certificate Balance Principal Amount of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances Principal Amounts of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses, Bankruptcy Losses, Fraud Losses and Special Hazard Losses and Excess Losses on such Distribution Date) exceeds the Adjusted Pool Amount Aggregate Stated Principal Balance for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates in the aggregate shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates based on the Class Certificate Balances immediately prior to such following Distribution Date. (civ) Any Realized Loss allocated allocation of a loss pursuant to this section to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any allocation of Realized Losses to a Class of Certificates or any reduction in the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished achieved by reducing the Class Certificate Balance Principal Amount thereof prior to by the distributions made on amount of such loss. Notwithstanding the related Distribution Date in accordance with foregoing, the definition first $0.34 of "Class Certificate Balance." (e) With respect to any Distribution Date, the principal portion of Realized Losses allocated pursuant to this Section 5.03 will shall not be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier any Class as provided aboveof Certificates.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate BalancesSection 5.03(b) below. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount Amounts for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Class A Certificates of the Related Group in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Class A Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Dateprincipal) exceeds equals the Adjusted Pool Amount for such Loan Group and Distribution Date. Any such reduction or increase shall be allocated among the Senior Class A Certificates of such Group based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinate Certificates or any reduction in is greater than the Class Certificate Balance of a Class pursuant to Section 5.03(b) above such Class, the excess shall be accomplished by reducing distributed first, sequentially, to the Classes of Subordinate Certificates then outstanding (beginning with the Class of Subordinate Certificates than outstanding with the lowest numerical designation) until the respective Class Certificate Balance thereof prior of each such Class is reduced to zero and then to the distributions made on the related Distribution Date Class A Certificates of such Group, pro rata, in accordance with the definition of "Class Certificate Balancepriorities set forth in Section 5.02." (e) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest as provided in an amount equal Section 5.02(a). Realized Losses allocated pursuant to the amount this Section 5.03 will be allocated to its respective Corresponding Uppereach Uncertificated Lower-Tier Interest as described in Section 5.02(a). (f) Notwithstanding any other provision of this Section 5.03, no Class as provided aboveCertificate Balance of a Class will be increased on any Distribution Date such that the Class Certificate Balance of such Class exceeds its Initial Class Certificate Balance less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates.

Allocation of Losses. (a) On or prior to each Determination Distribution Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized Losses. Based on such information, the Trustee shall determine aggregate the information provided by each Servicer with respect to the total amount of Realized Losses, including Excess Losses, with respect to the Mortgage Loans for the related Distribution Date. The . (b) On each Distribution Date, the principal portion of Realized Losses, Bankruptcy Losses, Fraud Losses and Special Hazard Losses with respect to any such Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss Losses, Bankruptcy Losses, Fraud Losses and Special Hazard Losses (other than an Excess LossLosses) shall be allocated first in the following order: first, to the Classes of Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance Principal Amount of each such Class is reduced to zero; and second, and second to the Senior Class A and Class A-R Certificates, pro rata, on until the basis Class Principal Amount of their respective each such Class Certificate Balances immediately prior of Certificates is reduced to the related Distribution Date; andzero; (ii) the principal portion of any Excess Losses shall be allocated proportionately on a pro rata among basis to the Senior Certificates in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate BalancesPrincipal Amounts. (biii) The Class Certificate Balance Principal Amount of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances Principal Amounts of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses, Bankruptcy Losses, Fraud Losses and Special Hazard Losses and Excess Losses on such Distribution Date) exceeds the Adjusted Pool Amount Aggregate Stated Principal Balance for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates in the aggregate shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates based on the Class Certificate Balances immediately prior to such following Distribution Date. (civ) Any Realized Loss allocated allocation of a loss pursuant to this section to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any allocation of Realized Losses to a Class of Certificates or any reduction in the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished achieved by reducing the Class Certificate Balance Principal Amount thereof prior to by the distributions made on the related Distribution Date in accordance with the definition amount of "Class Certificate Balancesuch loss." (ec) With respect to any Distribution DateNotwithstanding the other provisions of Section 5.03, the first $.98 of Realized Losses allocated pursuant to this Section 5.03 will shall not be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier any Class as provided aboveof Certificates.

Allocation of Losses. (a) On or No later than five (5) Business Days prior to each Determination the related Distribution Date, the Master Servicer shall inform the Trustee Securities Administrator in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee Securities Administrator shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis operation of their respective Class Certificate BalancesSection 5.03(b). (b) The Component Balance of the Class PO Component of a Group shall be reduced on each Distribution Date by the amount, if any, by which the Component Balance of such Class PO Component (after giving effect to the amounts to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for such Loan Group for such Distribution Date. The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses the Class PO Deferred Amounts on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount Amounts (Non-PO Portion) for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates of a Group in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the Adjusted Pool Amount (Non-PO Portion) for the Related Loan Group for such Distribution Date. Any such reduction or increase shall be allocated among the Senior Certificates of such Group based on the Class Certificate Balances immediately prior to such Distribution DateDate until the Class Certificate Balances thereof have been reduced to zero. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Subordinate Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinate Certificates or is greater than the Class Certificate Balance of such Class, the excess shall be distributed first, sequentially, to the Classes of Subordinate Certificates then outstanding (beginning with the Class of Subordinate Certificates then outstanding with the lowest numerical designation) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Senior Certificates of the related Group, pro rata, in accordance with the priorities set forth in Section 5.02. (e) After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 1-A-4 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 1-A-4 Certificates will be reduced by the Class 1-A-4 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 1-A-3 Certificates will not be reduced by the Class 1-A-4 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 1-A-3 Loss Amount exceeds the Class Certificate Balance of the Class 1-A-4 Certificates prior to any reduction for the Class 1-A-4 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 1-A-3 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 1-A-8 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 1-A-8 Certificates will be reduced by the Class 1-A-8 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 1-A-1 Certificates will not be reduced by the Class 1-A-8 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 1-A-1 Loss Amount exceeds the Class Certificate Balance of the Class 1-A-8 Certificates prior to any reduction for the Class 1-A-8 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 1-A-1 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 2-A-4 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 2-A-4 Certificates will be reduced by the Class 2-A-4 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 2-A-3 Certificates will not be reduced by the Class 2-A-4 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 2-A-3 Loss Amount exceeds the Class Certificate Balance of the Class 2-A-4 Certificates prior to any reduction for the Class 2-A-4 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 2-A-3 Certificates. Any increase allocated to the Class 1-A-3 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 1-A-4 Certificates, any increase allocated to the Class 1-A-1 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 1-A-8 Certificates and any increase allocated to the Class 2-A-3 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 2-A-4 Certificates. (f) Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance of a Class will be increased on any Distribution Date such that the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished by reducing the exceeds its Initial Class Certificate Balance thereof less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates (excluding in the case of any Class of Subordinate Certificates any principal otherwise payable to the distributions made on the related Distribution Date in accordance with the definition such Class of "Subordinate Certificates but used to pay any Class Certificate BalancePO Deferred Amount)." (eg) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest as described in Section 5.02(a) and to each Uncertificated Middle-Tier Interest in an amount equal to the amount Realized Losses allocated to its respective such Uncertificated Middle-Tier Interest's Corresponding Upper-Tier Class as provided aboveClass, Classes or Component.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate BalancesSection 5.03(b) below. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount Amounts for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Class A Certificates of the Related Group in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Class A Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Dateprincipal) exceeds equals the Adjusted Pool Amount for such Loan Group and Distribution Date. Any such reduction or increase shall be allocated among the Senior Class A Certificates of such Group based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinate Certificates or any reduction in is greater than the Class Certificate Balance of a such Class, the excess shall be distributed first, sequentially, to the Classes of Subordinate Certificates then outstanding (beginning with the Class of Subordinate Certificates than outstanding with the lowest numerical designation) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Class A Certificates of such Group, pro rata, in accordance with the priorities set forth in Section 5.02. (e) After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 1-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 1-A-2 Certificates will be reduced by the Class 1-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 1-A-1 Certificates will not be reduced by the Class 1-A-2 Loss Allocation Amount. Any increase allocated to the Class 1-A-1 Certificates pursuant to Section 5.03(b) above shall be accomplished by reducing will instead increase the Class Certificate Balance thereof prior to of the distributions made on the related Distribution Date in accordance with the definition of "Class Certificate Balance1-A-2 Certificates." (ef) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated LowerMiddle-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class Class, Classes or Component as provided abovein Section 5.02(a). Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest as described in Section 5.02(a). (g) Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance of a Class will be increased on any Distribution Date such that the Class Certificate Balance of such Class exceeds its Initial Class Certificate Balance less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate BalancesSection 5.03(b) below. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount Amounts for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Class A Certificates of the Related Group in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Class A Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Dateprincipal) exceeds equals the Adjusted Pool Amount for such Loan Group and Distribution Date. Any such reduction or increase shall be allocated among the Senior Class A Certificates of such Group based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinate Certificates or any reduction in is greater than the Class Certificate Balance of a such Class, the excess shall be distributed first, sequentially, to the Classes of Subordinate Certificates then outstanding (beginning with the Class of Subordinate Certificates then outstanding with the lowest numerical designation) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Class A Certificates of such Group, pro rata, on the basis of their respective Class Certificate Balances. (e) After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 1-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 1-A-2 Certificates will be reduced by the Class 1-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 1-A-1 Certificates will not be reduced by the Class 1-A-2 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 1-A-1 Loss Amount exceeds the Class Certificate Balance of the Class 1-A-2 Certificates prior to any reduction for the Class 1-A-2 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 1-A-1 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 2-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 2-A-2 Certificates will be reduced by the Class 2-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 2-A-1 Certificates will not be reduced by the Class 2-A- 2 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 2-A-1 Loss Amount exceeds the Class Certificate Balance of the Class 2-A-2 Certificates prior to any reduction for the Class 2-A-2 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 2-A-1 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 3-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 3-A-2 Certificates will be reduced by the Class 3-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 3-A-1 Certificates will not be reduced by the Class 3-A-2 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 3-A-1 Loss Amount exceeds the Class Certificate Balance of the Class 3-A-2 Certificates prior to any reduction for the Class 3-A-2 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 3-A-1 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 4-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 4-A-2 Certificates will be reduced by the Class 4-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 4-A-1 Certificates will not be reduced by the Class 4-A- 2 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 4-A-1 Loss Amount exceeds the Class Certificate Balance of the Class 4-A-2 Certificates prior to any reduction for the Class 4-A-2 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 4-A-1 Certificates. Any increase allocated to the Class 1-A-1, Class 2-A-1, Class 3-A-1 and Class 4-A-1 Certificates pursuant to Section 5.03(b) above shall be accomplished by reducing will instead increase the Class Certificate Balance thereof prior to of the distributions made on the related Distribution Date in accordance with the definition of "Class Certificate Balance1-A-2, Class 2-A-2, Class 3-A-2 and Class 4-A-2 Certificates, respectively." (ef) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class as provided abovein Section 5.02(a). (g) Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance of a Class will be increased on any Distribution Date such that the Class Certificate Balance of such Class exceeds its Initial Class Certificate Balance less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates.

Allocation of Losses. (a) On or No later than five (5) Business Days prior to each Determination the related Distribution Date, the Master Servicer shall inform the Trustee Securities Administrator in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee Securities Administrator shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis operation of their respective Class Certificate BalancesSection 5.03(b). (b) The Component Balance of the Class PO Component of a Group shall be reduced on each Distribution Date by the amount, if any, by which the Component Balance of such Class PO Component (after giving effect to the amounts to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for such Loan Group for such Distribution Date. The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses the Class PO Deferred Amounts on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount Amounts (Non-PO Portion) for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates of a Group in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the Adjusted Pool Amount (Non-PO Portion) for the Related Loan Group for such Distribution Date. Any such reduction or increase shall be allocated among the Senior Certificates of such Group based on the Class Certificate Balances immediately prior to such Distribution DateDate until the Class Certificate Balances thereof have been reduced to zero. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Subordinate Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinate Certificates or is greater than the Class Certificate Balance of such Class, the excess shall be distributed first, sequentially, to the Classes of Subordinate Certificates then outstanding (beginning with the Class of Subordinate Certificates then outstanding with the lowest numerical designation) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Senior Certificates of the related Group, pro rata, in accordance with the priorities set forth in Section 5.02. (e) After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 1-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 1-A-2 Certificates will be reduced by the Class 1-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 1-A-1 Certificates will not be reduced by the Class 1-A-2 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 1-A-1 Loss Amount exceeds the Class Certificate Balance of the Class 1-A-2 Certificates prior to any reduction for the Class 1-A-2 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 1-A-1 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 2-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 2-A-2 Certificates will be reduced by the Class 2-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 2-A-1 Certificates will not be reduced by the Class 2-A-2 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 2-A-1 Loss Amount exceeds the Class Certificate Balance of the Class 2-A-2 Certificates prior to any reduction for the Class 2-A-1 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 2-A-1 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 2-A-4 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 2-A-4 Certificates will be reduced by the Class 2-A-4 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 2-A-3 Certificates will not be reduced by the Class 2-A-4 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 2-A-3 Loss Amount exceeds the Class Certificate Balance of the Class 2-A-4 Certificates prior to any reduction for the Class 2-A-4 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 2-A-3 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 2-A-9 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 2-A-9 Certificates will be reduced by the Class 2-A-9 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 2-A-8 Certificates will not be reduced by the Class 2-A-9 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 2-A-8 Loss Amount exceeds the Class Certificate Balance of the Class 2-A-9 Certificates prior to any reduction for the Class 2-A-9 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 2-A-8 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 3-A-5 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 3-A-5 Certificates will be reduced by the Class 3-A-5 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 3-A-4 Certificates will not be reduced by the Class 3-A-5 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 3-A-4 Loss Amount exceeds the Class Certificate Balance of the Class 3-A-5 Certificates prior to any reduction for the Class 3-A-5 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 3-A-4 Certificates. Any increase allocated to the Class 1-A-1 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 1-A-2 Certificates, any increase allocated to the Class 2-A-1 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 2-A-2 Certificates, any increase allocated to the Class 2-A-3 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 2-A-4 Certificates, any increase allocated to the Class 2-A-8 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 2-A-9 Certificates and any increase allocated to the Class 3-A-4 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 3-A-5 Certificates. (f) Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance of a Class will be increased on any Distribution Date such that the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished by reducing the exceeds its Initial Class Certificate Balance thereof less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates (excluding in the case of any Class of Subordinate Certificates any principal otherwise payable to the distributions made on the related Distribution Date in accordance with the definition such Class of "Subordinate Certificates but used to pay any Class Certificate BalancePO Deferred Amount)." (eg) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest as described in Section 5.02(a) and to each Uncertificated Middle-Tier Interest in an amount equal to the amount Realized Losses allocated to its respective such Uncertificated Middle-Tier Interest's Corresponding Upper-Tier Class as provided aboveClass, Classes or Component.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate BalancesSection 5.03(b) below. (b) The Class Certificate Component Balance of the Class PO Component, if any, of Subordinate Certificates then outstanding with the highest numerical Class designation each Group shall be reduced on each Distribution Date by the amount, if any, by which the Component Balance of such PO Component (after giving effect to the amount to be distributed as a distribution of principal on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for the Related Loan Group for such Distribution Date. The Class Certificate Balance of the Class 1-PO and Class 15-PO Certificates shall be reduced on each Distribution Date by the amount, if any, by which the Class Certificate Balance of such Class (after giving effect to the amount to be distributed as a distribution of principal on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for the Related Loan Group for such Distribution Date. The Class Certificate Balance of the Class of Class B Certificates then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Non-PO Certificates and Class B Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses the PO Deferred Amounts on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount Amounts (Non-PO Portion) for all Loan Groups for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Non-PO Certificates of each Group in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Non-PO Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the Adjusted Pool Amount (Non-PO Portion) for the Related Loan Group for such Distribution Date. Any such reduction or increase shall be allocated among the Senior Non-PO Certificates of such Group, based on the Class Certificate Balances immediately prior to such Distribution DateDate until the Class Certificate Balances thereof have been reduced to zero or, in the case of the Class 1-A-4 or Class 3-CB-5 Certificates, the respective Initial Class Certificate Balance, if lower, until the Class Certificate Balances thereof have been reduced to zero. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Class B Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Class B Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Class B Certificates or is greater than the Class Certificate Balance of such Class, the excess shall be distributed first, sequentially, to the Classes of Class B Certificates then outstanding (beginning with the Class of Class B Certificates then outstanding with the lowest numerical designation) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Senior Non-PO Certificates of such Group, pro rata, on the basis of their respective Class Certificate Balances. (e) After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 1-A-6 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 1-A-6 Certificates will be reduced by the Class 1-A-6 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 1-A-5 Certificates will not be reduced by the Class 1-A-6 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 1-A-5 Loss Amount exceeds the Class Certificate Balance of the Class 1-A-6 Certificates prior to any reduction for the Class 1-A-6 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 1-A-5 Certificates. Any increase in Class Certificate Balance allocated to the Class 1-A-5 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 1-A-6 Certificates. (f) Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall will be accomplished by reducing increased on any Distribution Date such that the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "such Class exceeds its Initial Class Certificate BalanceBalance (plus, in the case of the Class 1-A-4 and Class 3-CB-5 Certificates, any Class 1-A-4 Accrual Distribution Amounts and Class 3-CB-5 Accrual Distribution Amounts, respectively, previously added thereto) less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates (excluding in the case of any Class of Class B Certificates any principal otherwise payable to such Class of Class B Certificates but used to pay any PO Deferred Amount)." (eg) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest as described in Section 5.02(a) and to each Uncertificated Middle-Tier Interest in an amount equal to the amount Realized Losses allocated to its respective Corresponding Uppersuch Uncertificated Middle-Tier Class as provided aboveInterest's Corresponding Upper Tier Class, Classes or Component.

Allocation of Losses. (a) On or No later than five (5) Business Days prior to each Determination the related Distribution Date, the each Master Servicer shall inform the Trustee Securities Administrator in writing with respect to each Mortgage WF Master Serviced Loan: , in the case of the WF Master Servicer, and with respect to each WMMSC Master Serviced Loan, in the case of the WMMSC Master Servicer: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the WF Master Serviced Loans or WMMSC Master Serviced Loans, as applicable. Based on such information, the Trustee Securities Administrator shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates by a reduction in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second the designated Classes pursuant to the Senior Certificates, pro rata, on the basis operation of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among the Senior Certificates in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate BalancesSection 5.03(b). (b) The Class Certificate Certificates Balance of the Class of Subordinate 30-PO Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the Class Certificate Balance of the Class 30-PO Certificates (after giving effect to the amounts to be distributed as a distribution of principal on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for such Distribution Date. The Class Certificate Balance of the Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (other than the Class 30-PO Certificates) (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses the Class PO Deferred Amounts on such Distribution Date) exceeds equals the Adjusted Pool Amount (Non-PO Portion) for such Distribution Date. After the applicable Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the Adjusted Pool Amount (Non-PO Portion) for such Distribution Date. Any such reduction or increase shall be allocated among the Senior Certificates based on the Class Certificate Balances immediately prior to such Distribution DateDate until the Class Certificate Balances thereof have been reduced to zero. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Subordinate Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Subordinate Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinate Certificates or is greater than the Class Certificate Balance of such Class, the excess shall be distributed first, sequentially, to the Classes of Subordinate Certificates then outstanding (beginning with the Class of Subordinate Certificates then outstanding with the lowest numerical designation) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Senior Certificates, pro rata, in accordance with the priorities set forth in Section 5.02. (e) Notwithstanding any reduction in the other provision of this Section 5.03, no Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall will be accomplished by reducing increased on any Distribution Date such that the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "such Class exceeds its Initial Class Certificate BalanceBalance less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates (excluding in the case of any Class of Subordinate Certificates any principal otherwise payable to such Class of Subordinate Certificates but used to pay any Class PO Deferred Amount)." (e) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class as provided above.

Allocation of Losses. (a) On or prior to each Determination Distribution Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized Losses. Based on such information, the Trustee shall determine aggregate the information provided by each Servicer with respect to the total amount of Realized Losses, including Excess Losses, with respect to the Mortgage Loans for the related Distribution Date. The . (b) On each Distribution Date, the principal portion of Realized Losses, Bankruptcy Losses, Fraud Losses and Special Hazard Losses with respect to any such Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss Losses, Bankruptcy Losses, Fraud Losses and Special Hazard Losses (other than an Excess LossLosses) shall be allocated first in the following order: first, to the Classes of Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance Principal Amount of each such Class is reduced to zero; and second, and second to the each Class of Senior Certificates, pro rata, on until the basis Class Principal Amount of their respective each Class Certificate Balances immediately prior of Senior Certificates is reduced to the related Distribution Date; andzero; (ii) the principal portion of any Excess Losses shall be allocated proportionately on a pro rata among basis to the Senior Certificates in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate BalancesPrincipal Amounts. (biii) The Class Certificate Balance Principal Amount of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances Principal Amounts of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses, Bankruptcy Losses, Fraud Losses and Special Hazard Losses and Excess Losses on such Distribution Date) exceeds the Adjusted Pool Amount Aggregate Stated Principal Balance for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates in the aggregate shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates based on the Class Certificate Balances immediately prior to such following Distribution Date. (civ) Any Realized Loss allocated allocation of a loss pursuant to this section to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any allocation of Realized Losses to a Class of Certificates or any reduction in the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished achieved by reducing the Class Certificate Balance Principal Amount thereof prior to by the distributions made on amount of such loss. Notwithstanding the related Distribution Date in accordance with foregoing, the definition first $0.16 of "Class Certificate Balance." (e) With respect to any Distribution Date, the principal portion of Realized Losses allocated pursuant to this Section 5.03 will shall not be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier any Class as provided aboveof Certificates.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized Losses. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of the principal portion of any Realized Loss with respect to a Discount Mortgage Loan, including any Excess Loss, shall be allocated to the Class A-PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1) the applicable Non-PO Percentage of the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates (other than the Class A-PO Certificates), pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution DateDate or, in the case of the Class A-2 Certificates, the Initial Class Certificate Balance, if lower, until the Class Certificate Balances thereof have been reduced to zero; and (ii2) the applicable Non-PO Percentage of the principal portion of any Excess Losses shall be allocated pro rata among the Senior Certificates (other than the Class A-PO Certificates) in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date. Excess Losses allocated to the Senior Certificates (other than the Class A-PO Certificates) will be allocated among such Classes pro rata on the basis of their respective Class Certificate BalancesBalances or, in the case of the Class A-2 Certificates, the Initial Class Certificate Balance, if lower. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses and Class A-PO Deferred Amounts on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates in the aggregate (other than the Class Certificate Balance of the Class A-PO Certificates) shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (other than Class A-PO Certificates) (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the difference between (i) the Adjusted Pool Amount for such Distribution Date and (ii) the Adjusted Pool Amount (PO Portion) for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates (other than the Class A-PO Certificates) based on the Class Certificate Balances immediately prior to such Distribution Date or, in the case of the Class A-2 Certificates, the Initial Class Certificate Balance, if lower. After the Senior Credit Support Depletion Date, the Class Certificate Balance of the Class A-PO Certificates shall be reduced on each Distribution Date by the amount, if any, by which the Class Certificate Balance of the Class A-PO Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any allocation of Realized Losses to a Class of Certificates or any reduction in the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished by reducing the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "Class Certificate Balance." (e) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class as provided above.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis operation of their respective Class Certificate BalancesSection 5.03(b). (b) The Class Certificate Component Balance of the Class 30-PO Component of Subordinate Certificates then outstanding with the highest numerical Class designation a 30 Year Group shall be reduced on each Distribution Date by the amount, if any, by which the Component Balance of such Class 30-PO Component (after giving effect to the amount to be distributed as a distribution of principal on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for the Related Loan Group for such Distribution Date. The Class Certificate Balance of the Class 15-PO Certificates shall be reduced on each Distribution Date by the amount, if any, by which the Class Certificate Balance of the Class 15-PO Certificates (after giving effect to the amount to be distributed as a distribution of principal on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for Loan Group 4 for such Distribution Date. The Class Certificate Balance of the Class of Class B Certificates then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (but not the Class 30-PO and Class 15-PO Certificates) (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses the PO Deferred Amounts on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount Amounts (Non-PO Portion) for all the Loan Groups for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates of each Group (other than the Class 15-PO Certificates in the case of Group 4) in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates of such Group (other than the Class 15-PO Certificates in the case of Group 4) (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the Adjusted Pool Amount (Non-PO Portion) for the Related Loan Group for such Distribution Date. Any such reduction or increase shall be allocated among the Senior Certificates of such Group (other than the Class 15-PO Certificates in the case of Group 4), based on the Class Certificate Balances immediately prior to such Distribution DateDate until the Class Certificate Balances thereof have been reduced to zero. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Class B Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Class B Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Class B Certificates or any reduction in is greater than the Class Certificate Balance of a Class pursuant to Section 5.03(b) above such Class, the excess shall be accomplished by reducing distributed first, sequentially, to the Classes of Class B Certificates, then outstanding (beginning with the Class of Class B Certificates, then outstanding with the lowest numerical designation) until the respective Class Certificate Balance thereof prior of each such Class is reduced to zero and then to the distributions made Senior Certificates of such Group (other than the Class 15-PO Certificates), pro rata, on the related Distribution Date in accordance with the definition basis of "their respective Class Certificate BalanceBalances." (e) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest as described in an amount equal Section 5.02(a). (f) Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance of a Class will be increased on any Distribution Date such that the Class Certificate Balance of such Class exceeds its Initial Class Certificate Balance less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates (excluding in the case of any Class of Class B Certificates any principal otherwise payable to the amount allocated such Class of Class B Certificates but used to its respective Corresponding Upper-Tier Class as provided abovepay any PO Deferred Amount).

Allocation of Losses. (a) On or prior to each Determination Distribution Date, the Master Servicer shall inform aggregate the Trustee in writing information provided by each Servicer with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized Losses. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the Mortgage Loans for the related Distribution Date. The . (b) On each Distribution Date, the principal portion of Realized Losses, Bankruptcy Losses, Fraud Losses and Special Hazard Losses with respect to any such Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss Losses, Bankruptcy Losses, Fraud Losses and Special Hazard Losses (other than an Excess LossLosses) shall be allocated first in the following order: first, to the Classes of Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance Principal Amount of each such Class is reduced to zero; and second, and second to the each Class of Senior Certificates, pro ratain each case, on until the basis Class Principal Amount of their respective such Class Certificate Balances immediately prior of Senior Certificates is reduced to the related Distribution Date; andzero; (ii) the principal portion of any Excess Losses shall be allocated proportionately on a pro rata among the Senior Certificates in the aggregate on the basis of their aggregate principal balance and among to the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate BalancesPrincipal Amounts. (biii) The Class Certificate Balance Principal Amount of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances Principal Amounts of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses, Bankruptcy Losses, Fraud Losses and Special Hazard Losses and Excess Losses on such Distribution Date) exceeds the Adjusted Pool Amount Aggregate Stated Principal Balance for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates in the aggregate shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates based on the Class Certificate Balances immediately prior to such following Distribution Date. (civ) Any Realized Loss allocated allocation of a loss pursuant to this section to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any allocation of Realized Losses to a Class of Certificates or any reduction in the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished achieved by reducing the Class Certificate Balance Principal Amount thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "Class Certificate Balance." (e) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to by the amount allocated to its respective Corresponding Upper-Tier Class as provided aboveof such loss.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized Losses. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable Ratio Strip Percentage of the principal portion of any Realized Loss with respect to a Discount Mortgage Loan shall be allocated to the Class A-3 Certificates until the Class Certificate Balance thereof is reduced to zero; and (other than an Excess Lossii) the applicable Non-Ratio Strip Percentage of the principal portion of any Realized Loss shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates (other than the Class A-3 Certificates), pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) , until the principal portion of any Excess Losses shall be allocated pro rata among the Senior Certificates in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior thereof have been reduced to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate Balanceszero. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses and Ratio Strip Deferred Amounts on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates in the aggregate (other than the Class Certificate Balance of the Class A-3 Certificates) shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (other than Class A-3 Certificates) (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the difference between (i) the Adjusted Pool Amount for such Distribution Date and (ii) the Adjusted Pool Amount (Ratio Strip Portion) for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates (other than the Class A-3 Certificates) based on the Class Certificate Balances immediately prior to such Distribution Date. The Class Certificate Balance of the Class A-3 Certificates shall be reduced on each Distribution Date by the amount, if any, by which the Class Certificate Balance of the Class A-3 Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount (Ratio Strip Portion) for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any allocation of Realized Losses to a Class of Certificates or any reduction in the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished by reducing the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "Class Certificate Balance." (e) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class as provided above.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized Losses. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of the principal portion of any Realized Loss with respect to a Discount Mortgage Loan, including any Excess Loss, shall be allocated to the Class A-PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1) the applicable Non-PO Percentage of the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates (other than the Class A-PO Certificates), pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution DateDate or, in the case of the Accrual Certificates, the Initial Class Certificate Balance, if lower, until the Class Certificate Balances thereof have been reduced to zero; and (ii2) the applicable Non-PO Percentage of the principal portion of any Excess Losses shall be allocated pro rata among the Senior Certificates (other than the Class A-PO Certificates) in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date. Excess Losses allocated to the Senior Certificates (other than the Class A-PO Certificates) will be allocated among such Classes pro rata on the basis of their respective Class Certificate Balances, or in the case of the Accrual Certificates, the Initial Class Certificate Balance, if lower. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses and Class A-PO Deferred Amounts on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates in the aggregate (other than the Class Certificate Balance of the Class A-PO Certificates) shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (other than Class A-PO Certificates) (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the difference between (i) the Adjusted Pool Amount for such Distribution Date and (ii) the Adjusted Pool Amount (PO Portion) for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates (other than the Class A-PO Certificates) based on the Class Certificate Balances immediately prior to such Distribution Date, or in the case of the Accrual Certificates, the Initial Class Certificate Balance, if lower. After the Senior Credit Support Depletion Date, the Class Certificate Balance of the Class A-PO Certificates shall be reduced on each Distribution Date by the amount, if any, by which the Class Certificate Balance of the Class A-PO Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any allocation of Realized Losses to a Class of Certificates or any reduction in the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished by reducing the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "Class Certificate Balance." (e) With respect to After the Senior Credit Support Depletion Date, on any Distribution DateDate on which the Class A-2 Loss Allocation Amount is greater than zero, Realized Losses allocated pursuant to this Section 5.03 the Class Certificate Balance of the Class A-2 Certificates will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to reduced by the amount allocated to its respective Corresponding Upper-Tier Class as provided aboveA-2 Loss Allocation Amount and, notwithstanding Section 5.03(a)(ii)(1) and Section 5.03(b), the Class Certificate Balance of the Class A-4 Certificates will not be reduced by the Class A-2 Loss Allocation Amount.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate BalancesSection 5.03(b) below. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount Amounts for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Class A Certificates of the Related Group in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Class A Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Dateprincipal) exceeds equals the Adjusted Pool Amount for such Loan Group and Distribution Date. Any such reduction or increase shall be allocated among the Senior Class A Certificates of such Group based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinate Certificates or any reduction in is greater than the Class Certificate Balance of a such Class, the excess shall be distributed first, sequentially, to the Classes of Subordinate Certificates then outstanding (beginning with the Class of Subordinate Certificates than outstanding with the lowest numerical designation) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Class A Certificates of such Group, pro rata, on the basis of their respective Class Certificate Balances. (e) After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 1-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 1-A-2 Certificates will be reduced by the Class 1-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 1-A-1 Certificates will not be reduced by the Class 1-A-2 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 1-A-1 Loss Amount exceeds the Class Certificate Balance of the Class 1-A-2 Certificates prior to any reduction for the Class 1-A-2 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 1-A-1 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 2-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 2-A-2 Certificates will be reduced by the Class 2-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 2-A-1 Certificates will not be reduced by the Class 2-A-2 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 2-A-1 Loss Amount exceeds the Class Certificate Balance of the Class 2-A-2 Certificates prior to any reduction for the Class 2-A-2 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 2-A-1 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 4-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 4-A-2 Certificates will be reduced by the Class 4-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 4-A-2 Certificates will not be reduced by the Class 4-A-2 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 4-A-1 Loss Amount exceeds the Class Certificate Balance of the Class 4-A-2 Certificates prior to any reduction for the Class 4-A-2 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 4-A-1 Certificates. Any increase allocated to the Class 1-A-1, Class 2-A-1 and Class 4-A-1 Certificates pursuant to Section 5.03(b) above shall be accomplished by reducing will instead increase the Class Certificate Balance thereof prior to of the distributions made on the related Distribution Date in accordance with the definition of "Class Certificate Balance1-A-2, Class 2-A-2 and Class 4-A-2 Certificates, respectively." (ef) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class as provided abovein Section 5.02(a). (g) Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance of a Class will be increased on any Distribution Date such that the Class Certificate Balance of such Class exceeds its Initial Class Certificate Balance less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate BalancesSection 5.03(b) below. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount Amounts for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates of each Group in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the Adjusted Pool Amount for the Related Loan Group for such Distribution Date. Any such reduction or increase shall be allocated among the Senior Certificates of such Group, based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Subordinate Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Subordinate Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinate Certificates or is greater than the Class Certificate Balance of such Class, the excess shall be distributed first, sequentially, to the Classes of Subordinate Certificates then outstanding (beginning with the Class of Subordinate Certificates then outstanding with the lowest numerical designation) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Senior Certificates of such Group, pro rata, on the basis of their respective Class Certificate Balances. (e) After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 2-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 2-A-2 Certificates will be reduced by the Class 2-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 2-A-1 Certificates will not be reduced by the Class 2-A-2 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 2-A-1 Loss Amount exceeds the Class Certificate Balance of the Class 2-A-2 Certificates prior to any reduction for the Class 2-A-2 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 2-A-1 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 4-A-4 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 4-A-4 Certificates will be reduced by the Class 4-A-4 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balances of the Class 4-A-1 and Class 4-A-2 Certificates will not be reduced by the Class 4-A-4 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the sum of the Class 4-A-1 Loss Amount and Class 4-A-2 Loss Amount exceeds the Class Certificate Balance of the Class 4-A-4 Certificates prior to any reduction for the Class 4-A-4 Loss Allocation Amount, such excess will be distributed pro rata, based on the Class Certificate Balances of the Class 4-A-1 and Class 4-A-2 Certificates, in reduction of the Class Certificate Balances of the Class 4-A-1 and Class 4-A-2 Certificates. Any increase allocated to the Class 2-A-1 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 2-A-2 Certificates and any increase allocated to the Class 4-A-1 nd Class 4-A-2 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 4-A-4 Certificates. (f) Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall will be accomplished by reducing increased on any Distribution Date such that the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "such Class exceeds its Initial Class Certificate BalanceBalance less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates." (eg) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest as described in Section 5.02(a) and to each Uncertificated Middle-Tier Interest in an amount equal to the amount Realized Losses allocated to its respective such Uncertificated Middle-Tier Interest's Corresponding Upper-Tier Class as provided aboveor Classes.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized Losses. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among the Senior Certificates in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate Balances. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates in the aggregate shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any allocation of Realized Losses to a Class of Certificates or any reduction in the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished by reducing the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "Class Certificate Balance." (e) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class as provided above.

Allocation of Losses. (a) On or No later than five (5) Business Days prior to each Determination the related Distribution Date, the Master Servicer shall inform the Trustee Securities Administrator in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans. Based on such information, the Trustee Securities Administrator shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates by a reduction in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second the designated Classes pursuant to the Senior Certificates, pro rata, on the basis operation of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among the Senior Certificates in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate BalancesSection 5.03(b). (b) The Class Certificate Certificates Balance of the Class of Subordinate A-PO Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the Class Certificate Balance of the Class A-PO Certificates (after giving effect to the amounts to be distributed as a distribution of principal on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for such Distribution Date. The Class Certificate Balance of the Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (other than the Class A-PO Certificates) (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses the Class PO Deferred Amounts on such Distribution Date) exceeds equals the Adjusted Pool Amount (Non PO Portion) for such Distribution Date. After the applicable Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the Adjusted Pool Amount (Non-PO Portion) for such Distribution Date. Any such reduction or increase shall be allocated among the Senior Certificates based on the Class Certificate Balances immediately prior to such Distribution DateDate until the Class Certificate Balances thereof have been reduced to zero. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Subordinate Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Subordinate Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinate Certificates or is greater than the Class Certificate Balance of such Class, the excess shall be distributed first, sequentially, to the Classes of Subordinate Certificates then outstanding (beginning with the Class of Subordinate Certificates then outstanding with the lowest numerical designation) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Senior Certificates, pro rata, in accordance with the priorities set forth in Section 5.02. (e) Notwithstanding any reduction in the other provision of this Section 5.03, no Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall will be accomplished by reducing increased on any Distribution Date such that the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "such Class exceeds its Initial Class Certificate BalanceBalance less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates (excluding in the case of any Class of Subordinate Certificates any principal otherwise payable to such Class of Subordinate Certificates but used to pay any Class PO Deferred Amount)." (e) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class as provided above.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized Losses. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among the Senior Certificates in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate Balances. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates in the aggregate shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any allocation of Realized Losses to a Class of Certificates or any reduction in the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished by reducing the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "Class Certificate Balance." (e) With respect to After the Senior Credit Support Depletion Date, on any Distribution DateDate on which the Class A-2 Loss Allocation Amount is greater than zero, Realized Losses allocated pursuant to this Section 5.03 the Class Certificate Balance of the Class A-2 Certificates will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to reduced by the amount allocated to its respective Corresponding Upper-Tier Class as provided aboveA-2 Loss Allocation Amount and, notwithstanding Section 5.03(a)(i) and Section 5.03(b), the Class Certificate Balance of the Class A-1 Certificates will not be reduced by the Class A-2 Loss Allocation Amount.

Allocation of Losses. (a) On or No later than five (5) Business Days prior to each Determination the related Distribution Date, the Master Servicer shall inform the Trustee Securities Administrator in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans. Based on such information, the Trustee Securities Administrator shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows:to the Certificates by a reduction in the Class Certificate Balances of the designated Classes pursuant to the operation of Section 5.03(b). (ib) the principal portion of any Any Subordinated Applied Realized Loss (other than an Excess Loss) shall Amount for a Distribution Date will be allocated first to the Subordinate Certificates in reverse order reduction of their respective numerical Class designations (beginning with the Class Certificate Balances of Subordinate Certificates then outstanding with the highest numerical Class designation) B-1, Class M-6, Class M-5, Class M-4, Class M-3, Class M-2 and Class M-1 Certificates, in that order, and until the respective Class Certificate Balance of each such Class is Balances thereof are reduced to zero, and second to . After the Senior Certificates, pro rata, Distribution Date on which the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among the Senior Certificates in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate Balances. (b) The Class Certificate Balance of the Class of Subordinate M-1 Certificates then outstanding with the highest numerical Class designation shall be has been reduced on to zero, each Senior Applied Realized Loss Amount for a Distribution Date by the amount, if any, by which the aggregate will be allocated in reduction of the Class Certificate Balances Balance of all outstanding Classes the related Class of Senior Certificates; provided, however, that (i) for so long as the Class A-5 Certificates (after giving effect are outstanding, the Senior Applied Realized Loss Amount for the Class A-4 Certificates will be allocated to the amount Class A-5 Certificates in addition to be distributed as a distribution of principal and the allocation of Senior Applied Realized Losses on such Distribution Date) exceeds the Adjusted Pool Loss Amount for such Distribution Date. After the Class A-5 Certificates, (ii) for so long as the Class A-7 Certificates are outstanding, the Senior Credit Support Depletion DateApplied Realized Loss Amount for the Class A-6 Certificates will be allocated to the Class A-7 Certificates in addition to the Senior Applied Realized Loss Amount for the Class A-7 Certificates and (iii) for so long as the Class A-11 Certificates are outstanding, the Senior Applied Realized Loss Amount for the Class Certificate Balances of A-10 Certificates will be allocated to the Class A-11 Certificates in addition to the Senior Certificates in the aggregate shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of Applied Realized Loss Amount for the Class Certificate Balances A-11 Certificates Notwithstanding any other provision of all outstanding Classes of Senior Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the this Section 5.03(b), no Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall will be allocated among the Certificates of increased on any Distribution Date such Class in proportion to their respective Percentage Interests. (d) Any allocation of Realized Losses to a Class of Certificates or any reduction in that the Class Certificate Balance of a such Class pursuant to Section 5.03(b) above shall be accomplished by reducing the exceeds its Initial Class Certificate Balance thereof less all distributions of principal previously distributed in respect of such Class on prior to the distributions made on the related Distribution Date in accordance with the definition of "Class Certificate BalanceDates." (e) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class as provided above.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized Losses. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of the principal portion of any Realized Loss with respect to a Discount Mortgage Loan, including any Excess Loss, shall be allocated to the Class A-PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1) the applicable Non-PO Percentage of the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates (other than the Class A-PO Certificates), pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution DateDate or, in the case of a Class of Accrual Certificates, the Initial Class Certificate Balance, if lower, until the Class Certificate Balances thereof have been reduced to zero; and (ii2) the applicable Non-PO Percentage of the principal portion of any Excess Losses shall be allocated pro rata among the Senior Certificates (other than the Class A-PO Certificates) in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date. Excess Losses allocated to the Senior Certificates (other than the Class A-PO Certificates), will be allocated among such Classes pro rata on the basis of their respective Class Certificate Balances, or in the case of a Class of Accrual Certificates, the Initial Class Certificate Balance, if lower. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses and Class A-PO Deferred Amounts on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates in the aggregate (other than the Class Certificate Balance of the Class A-PO Certificates) shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (other than Class A-PO Certificates) (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the difference between (i) the Adjusted Pool Amount for such Distribution Date and (ii) the Adjusted Pool Amount (PO Portion) for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates (other than the Class A-PO Certificates), based on the Class Certificate Balances immediately prior to such Distribution Date or, in the case of a Class of Accrual Certificates, the Initial Class Certificate Balance, if lower. After the Senior Credit Support Depletion Date, the Class Certificate Balance of the Class A-PO Certificates shall be reduced on each Distribution Date by the amount, if any, by which the Class Certificate Balance of the Class A-PO Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any allocation of Realized Losses to a Class of Certificates or any reduction in the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished by reducing the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "Class Certificate Balance." (e) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class or Classes, as provided above.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized Losses. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of the principal portion of any Realized Loss with respect to a Discount Mortgage Loan, including any Excess Loss, shall be allocated to the Class A-PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1) the applicable Non-PO Percentage of the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates (other than the Class A-PO Certificates), pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution DateDate or, in the case of the Class A-13 and Class A-14 Certificates, the respective Initial Class Certificate Balances, if lower, until the Class Certificate Balances thereof have been reduced to zero; and (ii2) the applicable Non-PO Percentage of the principal portion of any Excess Losses shall be allocated pro rata among the Senior Certificates (other than the Class A-PO Certificates) in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date. Excess Losses allocated to the Senior Certificates (other than the Class A-PO Certificates) will be allocated among such Classes pro rata on the basis of their respective Class Certificate Balances or, in the case of the Class A-13 and Class A-14 Certificates, the respective Initial Class Certificate Balances, if lower. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses and Class A-PO Deferred Amounts on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates in the aggregate (other than the Class Certificate Balance of the Class A-PO Certificates) shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (other than Class A-PO Certificates) (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the difference between (i) the Adjusted Pool Amount for such Distribution Date and (ii) the Adjusted Pool Amount (PO Portion) for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates (other than the Class A-PO Certificates) based on the Class Certificate Balances immediately prior to such Distribution Date or, in the case of the Class A-13 and Class A-14 Certificates, the respective Initial Class Certificate Balances, if lower. After the Senior Credit Support Depletion Date, the Class Certificate Balance of the Class A-PO Certificates shall be reduced on each Distribution Date by the amount, if any, by which the Class Certificate Balance of the Class A-PO Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any allocation of Realized Losses to a Class of Certificates or any reduction in the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished by reducing the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "Class Certificate Balance." (e) With respect to After the Senior Credit Support Depletion Date, on any Distribution DateDate on which the Class A-16 Loss Allocation Amount is greater than zero, Realized Losses allocated pursuant to this Section 5.03 the Class Certificate Balance of the Class A-16 Certificates will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to reduced by the amount allocated to its respective Corresponding Upper-Tier Class as provided aboveA-16 Loss Allocation Amount and, notwithstanding Section 5.03(a)(ii)(1) and Section 5.03(b), the Class Certificate Balance of the Class A-10 Certificates will not be reduced by the Class A-16 Loss Allocation Amount.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee Securities Administrator in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized Losses. Based on such information, the Trustee Securities Administrator shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of the principal portion of any Realized Loss with respect to a Discount Mortgage Loan shall be allocated to the Class A-PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (other than an Excess Lossii) the applicable Non-PO Percentage of the principal portion of any Realized Loss shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates (other than the Class A-PO Certificates), pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date, until the Class Certificate Balances thereof have been reduced to zero; and (iib) The Class Certificate Balance of the principal portion of any Excess Losses Class A-PO Certificates shall be allocated pro rata among reduced on each Distribution Date by the Senior Certificates in amount, if any, by which the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior Balance of the Class A-PO Certificates (after giving effect to the related amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for such Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate Balances. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses and Class A-PO Deferred Amounts on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates in the aggregate (other than the Class Certificate Balance of the Class A-PO Certificates) shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (other than Class A-PO Certificates) (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the difference between (i) the Adjusted Pool Amount for such Distribution Date and (ii) the Adjusted Pool Amount (PO Portion) for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates (other than the Class A-PO Certificates) based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinate Certificates or any reduction in is greater than the Class Certificate Balance of a Class pursuant to Section 5.03(b) above such Class, the excess shall be accomplished by reducing distributed first, sequentially, to the Classes of Subordinate Certificates then outstanding (beginning with the Class of Subordinate Certificates than outstanding with the lowest numerical designation) until the respective Class Certificate Balance thereof prior of each such Class is reduced to zero and then to the distributions made on the related Distribution Date Class A Certificates, pro rata, in accordance with the definition of "Class Certificate Balancepriorities set forth in Section 5.02." (e) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class as provided above.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among the Senior Certificates in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date. Excess Losses allocated Certificates pursuant to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate BalancesSection 5.03(b) below. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the sum of the Adjusted Pool Amount Amounts for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Class A Certificates of the Related Group in the aggregate shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Class A Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Dateprincipal) exceeds the Adjusted Pool Amount for such Loan Group and Distribution Date. Any such reduction shall be allocated among the Senior Class A Certificates of such Group based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinate Certificates or any reduction in is greater than the Class Certificate Balance of a Class pursuant to Section 5.03(b) above such Class, the excess shall be accomplished by reducing distributed first, sequentially, to the Classes of Subordinate Certificates then outstanding (beginning with the Class of Subordinate Certificates than outstanding with the lowest numerical designation) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Class A Certificates of such Group, pro rata, in accordance with the priorities set forth in Section 5.02. (e) After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 2-A-3 Loss Allocation Amount is greater than zero, the Class Certificate Balance thereof prior to of the distributions made on Class 2-A-4 Certificates will be reduced by the related Distribution Date in accordance with Class 2-A-3 Loss Allocation Amount and, notwithstanding Section 5.03(b), the definition of "Class Certificate BalanceBalance of the Class 2-A-3 Certificates will not be reduced by the Class 2-A-3 Loss Allocation Amount." (ef) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest Component or Components as provided in an amount equal Section 5.02(a). Realized Losses allocated pursuant to the amount this Section 5.03 will be allocated to its respective Corresponding Uppereach Uncertificated Lower-Tier Class Interest as provided abovedescribed in Section 5.02(a).

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis operation of their respective Class Certificate BalancesSection 5.03(b). (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates and Subordinate Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount Amounts for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates of each Group in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the Adjusted Pool Amount for the Related Loan Group for such Distribution Date. Any such reduction or increase shall be allocated among the Senior Certificates of such Group based on the Class Certificate Balances immediately prior to such Distribution DateDate until the Class Certificate Balances thereof have been reduced to zero. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Subordinate Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Subordinate Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinate Certificates or is greater than the Class Certificate Balance of such Class, the excess shall be distributed (i) first, sequentially, to the Classes of Subordinate Certificates then outstanding (beginning with the Class of Subordinate Certificates then outstanding with the lowest numerical designation) until the respective Class Certificate Balance of each such Class is reduced to zero and (ii) then to the Senior Certificates of such Group, pro rata, in accordance with the priorities set forth in Section 5.02. (e) After the Senior Credit Support Depletion Date: (i) On any reduction Distribution Date on which the Class 1-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 1-A-2 Certificates will be reduced by the Class 1-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 1-A-1 Certificates will not be reduced by the Class 1-A-2 Loss Allocation Amount. Any increase in the Class Certificate Balance allocated to the Class 1-A-1 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 1-A-2 Certificates. (ii) On any Distribution Date on which the Class 2-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 2-A-2 Certificates will be reduced by the Class 2-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 2-A-1 Certificates will not be reduced by the Class 2-A-2 Loss Allocation Amount. Any increase in the Class Certificate Balance allocated to the Class 2-A-1 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 2-A-2 Certificates. (iii) On any Distribution Date on which the Class 3-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 3-A-2 Certificates will be reduced by the Class 3-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 3-A-1 Certificates will not be reduced by the Class 3-A-2 Loss Allocation Amount. Any increase in the Class Certificate Balance allocated to the Class 3-A-1 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 3-A-2 Certificates. (iv) On any Distribution Date on which the Class 4-A-4 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 4-A-4 Certificates will be reduced by the Class 4-A-4 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balances of the Class 4-A-1, Class 4-A-2 and Class 4-A-3 Certificates will not be reduced by the Class 4-A-4 Loss Allocation Amount. Any increase in the Class Certificate Balances allocated to the Class 4-A-1, Class 4-A-2 or Class 4-A-3 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 4-A-4 Certificates. (f) Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall will be accomplished by reducing increased on any Distribution Date such that the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "such Class exceeds its Initial Class Certificate BalanceBalance less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates." (eg) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier REMIC Interest as described in Section 5.02(a) and to each Uncertificated Subsidiary Lower-Tier Interest in an amount equal to the amount Realized Losses allocated to its respective such Uncertificated Subsidiary Lower-Tier Interest's Corresponding Upper-Tier Class as provided aboveor Classes.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate BalancesSection 5.03(b) below. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount Amounts for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Class A Certificates of the Related Group in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Class A Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Dateprincipal) exceeds equals the Adjusted Pool Amount for such Loan Group and Distribution Date. Any such reduction or increase shall be allocated among the Senior Class A Certificates of such Group based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinate Certificates or any reduction in is greater than the Class Certificate Balance of a such Class, the excess shall be distributed first, sequentially, to the Classes of Subordinate Certificates then outstanding (beginning with the Class of Subordinate Certificates than outstanding with the lowest numerical designation) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Class A Certificates of such Group, pro rata, in accordance with the priorities set forth in Section 5.02. (e) After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 2-A-10 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 2-A-10 Certificates will be reduced by the Class 2-A-10 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 2-A-8 Certificates will not be reduced by the Class 2-A-10 Loss Allocation Amount. Any increase allocated to the Class 2-A-8 Certificates pursuant to Section 5.03(b) above shall be accomplished by reducing will instead increase the Class Certificate Balance thereof prior to of the distributions made on the related Distribution Date in accordance with the definition of "Class Certificate Balance2-A-10 Certificates." (ef) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated LowerMiddle-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class Class, Classes or Component as provided abovein Section 5.02(a). Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest as described in Section 5.02(a). (g) Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance of a Class will be increased on any Distribution Date such that the Class Certificate Balance of such Class exceeds its Initial Class Certificate Balance less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate BalancesSection 5.03(b) below. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount Amounts for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates and Component Balance of the Component of a Group in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates and Component Balance of the Component of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the Adjusted Pool Amount (Non-PO Portion) for the Related Loan Group for such Distribution Date. Any such reduction or increase shall be allocated among the Senior Certificates and Component of such Group based on the Class Certificate Balances or Component Balance immediately prior to such Distribution DateDate until the Class Certificate Balances or Component Balance thereof have been reduced to zero. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinate Certificates or any reduction in is greater than the Class Certificate Balance of a such Class, the excess shall be distributed first, sequentially, to the Classes of Subordinate Certificates then outstanding (beginning with the Class of Subordinate Certificates than outstanding with the lowest numerical designation) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Class A Certificates and Component of such Group, pro rata, on the basis of their respective Class Certificate Balances or Component Balance. (e) After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class A-4-1 Loss Allocation Amount is greater than zero, the Component Balance of the Class A-4-1 Component will be reduced by the Class A-4-1 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class A-1 Certificates will not be reduced by the Class A-4-1 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class A-1 Loss Amount exceeds the Component Balance of the Class A-4-1 Component prior to any reduction for the Class A-4-1 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class A-1 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class A-4-2 Loss Allocation Amount is greater than zero, the Component Balance of the Class A-4-2 Component will be reduced by the Class A-4-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class A-2 Certificates will not be reduced by the Class A-4-2 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class A-2 Loss Amount exceeds the Component Balance of the Class A-4-2 Component prior to any reduction for the Class A-4-2 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class A-2 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class A-4-3 Loss Allocation Amount is greater than zero, the Component Balance of the Class A-4-3 Component will be reduced by the Class A-4-3 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class A-3 Certificates will not be reduced by the Class A-4-3 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class A-3 Loss Amount exceeds the Component Balance of the Class A-4-3 Component prior to any reduction for the Class A-4-3 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class A-3 Certificates. Any increase allocated to the Class A-1 Certificates pursuant to Section 5.03(b) above shall be accomplished by reducing will instead increase the Component Balance of the Class Certificate Balance thereof prior A-4-1 Component to the distributions made on extent such Component Balance was reduced pursuant to the related Distribution Date in accordance with operation of this Section 5.03(e). Any increase allocated to the definition Class A-2 Certificates pursuant to Section 5.03(b) will instead increase the Component Balance of "the Class Certificate BalanceA-4-2 Component to the extent such Component Balance was reduced pursuant to the operation of this Section 5.03(e). Any increase allocated to the Class A-3 Certificates pursuant to Section 5.03(b) will instead increase the Component Balance of the Class A-4-3 Component to the extent such Component Balance was reduced pursuant to the operation of this Section 5.03(e)." (ef) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class as provided abovein Section 5.02(a). (g) Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance of a Class or Component Balance of a Component will be increased on any Distribution Date such that the Class Certificate Balance of such Class or Component Balance of such Component exceeds its Initial Class Certificate Balance or Initial Component Balance, as the case may be, less all distributions of principal previously distributed in respect of such Class or Component on prior Distribution Dates.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized Losses. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) until the Distribution Date in September 2006, the applicable Ratio Strip Percentage of the principal portion of any Realized Loss with respect to a Discount Mortgage Loan, including any Excess Loss, shall be allocated to the Class A-2 Certificates until the Class Certificate Balance thereof is reduced to zero; and (1) the applicable Non-Ratio Strip Percentage of the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior CertificatesCertificates (other than the Class A-2 Certificates until the September 2006 Distribution Date), pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date, until the Class Certificate Balances thereof have been reduced to zero; and (ii2) the applicable Non-Ratio Strip Percentage of the principal portion of any Excess Losses shall be allocated pro rata among the Senior Certificates (other than the Class A-2 Certificates until the Distribution Date in September 2006) in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date. Excess Losses allocated to the Senior Certificates (other than the Class A-2 Certificates prior to the Distribution Date in September 2006) will be allocated among such Classes pro rata on the basis of their respective Class Certificate Balances. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses and Ratio Strip Deferred Amounts on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates in the aggregate (other than the Class Certificate Balance of the Class A-2 Certificates prior to the Distribution Date in September 2006) shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (other than Class A-2 Certificates prior to the Distribution Date in September 2006) (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the difference between (i) the Adjusted Pool Amount for such Distribution Date and (ii) the Adjusted Pool Amount (Ratio Strip Portion) for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates (other than the Class A-2 Certificates prior to the Distribution Date in September 2006) based on the Class Certificate Balances immediately prior to such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balance of the Class A-2 Certificates shall be reduced on each Distribution Date prior to the September 2006 Distribution Date by the amount, if any, by which the Class Certificate Balance of the Class A-2 Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount (Ratio Strip Portion) for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any allocation of Realized Losses to a Class of Certificates or any reduction in the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished by reducing the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "Class Certificate Balance." (e) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class as provided above.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized Losses. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of the principal portion of any Realized Loss with respect to a Discount Mortgage Loan, including any Excess Loss, shall be allocated to the Class A-PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1) the applicable Non-PO Percentage of the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates (other than the Class A-PO Certificates), pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution DateDate or, in the case of the Class A-25, Class A-26 and Class A-28 Certificates, the respective Initial Class Certificate Balances, if lower, until the Class Certificate Balances thereof have been reduced to zero; and (ii2) the applicable Non-PO Percentage of the principal portion of any Excess Losses shall be allocated pro rata among the Senior Certificates (other than the Class A-PO Certificates) in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date. Excess Losses allocated to the Senior Certificates (other than the Class A-PO Certificates) will be allocated among such Classes pro rata on the basis of their respective Class Certificate Balances or, in the case of the Class A-25, Class A-26 and Class A-28 Certificates, the respective Initial Class Certificate Balances, if lower. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses and Class A-PO Deferred Amounts on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates in the aggregate (other than the Class Certificate Balance of the Class A-PO Certificates) shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (other than Class A-PO Certificates) (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the difference between (i) the Adjusted Pool Amount for such Distribution Date and (ii) the Adjusted Pool Amount (PO Portion) for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates (other than the Class A-PO Certificates) based on the Class Certificate Balances immediately prior to such Distribution Date or, in the case of the Class A-25, Class A-26 and Class A-28 Certificates, the respective Initial Class Certificate Balances, if lower. After the Senior Credit Support Depletion Date, the Class Certificate Balance of the Class A-PO Certificates shall be reduced on each Distribution Date by the amount, if any, by which the Class Certificate Balance of the Class A-PO Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any allocation of Realized Losses to a Class of Certificates or any reduction in the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished by reducing the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "Class Certificate Balance." (e) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class or Classes as provided above.

Allocation of Losses. (a) On or prior to each Determination Date, the Master Servicer shall inform determine the Trustee in writing with respect to each Mortgage Loan: (1) whether amount of any Realized Loss is a Deficient Valuation, a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, in respect of each Mortgage Loan that occurred during the immediately preceding calendar month. (2b) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized Losses. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. The principal portion of Realized Losses with respect to a Mortgage Loan in any Distribution Date shall Mortgage Loan Group will be allocated as follows:on a pro rata basis between the PO Percentage of the Scheduled Principal Balance of such Mortgage Loan and the Non-PO Percentage of such Scheduled Principal Balance. (ic) On each Distribution Date, the applicable PO Percentage of the principal portion of any Realized Loss (other than an Excess Loss) shall on a Discount Mortgage Loan in any Mortgage Loan Group and any Class P Cash Shortfall will be allocated first to the Subordinate related Class of Principal Only Certificates until the Current Principal Amount of the related Class of the Principal Only Certificates is reduced to zero. With respect to any Distribution Date through the Cross-Over Date, the aggregate of all amounts so allocable to the related Class of Principal Only Certificates on such date in reverse order respect of their respective numerical any Realized Losses and any Class designations P Cash Shortfalls and all amounts previously allocated in respect of such Realized Losses or Class P Cash Shortfalls and not distributed on prior Distribution Dates will be the applicable "Class P Certificate Deferred Amount." To the extent funds are available therefore on any Distribution Date through the Cross-Over Date, distributions in respect of the Class P Certificate Deferred Amount will be made in accordance with priority FIFTH of Section 6.01(a)(A), (beginning with B) or (C). No interest will accrue on any Class P Certificate Deferred Amount. On each Distribution Date through the Cross-Over Date for each Group of Certificates, the Current Principal Amount of the lowest ranking Class of Subordinate Certificates then outstanding with will be reduced by the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion amount of any Excess Losses shall be allocated pro rata among the Senior Certificates distributions in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate Balances. (b) The Class Certificate Balance respect of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class P Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Deferred Amount for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates in the aggregate shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses Group on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any allocation of Realized Losses to a Class of Certificates or any reduction in the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished by reducing the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition priorities set forth above, through the operation of "the Subordinate Certificate Writedown Amount. After the Cross-Over Date, no more distributions will be made in respect of, and applicable Realized Losses and Class P Cash Shortfalls allocable to the related Class of the Principal Only Certificates will not be added to, the Class P Certificate BalanceDeferred Amount." (ed) With respect to any Distribution Date, The Non-PO Percentage of the principal portion of Realized Losses allocated pursuant to this Section 5.03 in any Mortgage Loan Group will be allocated to each Uncertificated Lower-Tier Interest in an amount equal as follows: first, to the amount allocated Class B-6 Certificates until the Current Principal Amount thereof has been reduced to its respective Corresponding Upper-Tier zero; second, to the Class as provided above.B-5 Certificates until the Current Principal Amount thereof has been reduced to zero; third, to the Class B-4 Certificates until the Current Principal Amount thereof has been reduced to zero; fourth, to the Class B-3 Certificates until the Current Principal Amount thereof has been reduced to zero; fifth, to the Class B-2 Certificates until the Current Principal Amount thereof has been reduced to zero; sixth, to the Class B-1 Certificates until the Current Principal Amount thereof has been reduced to zero; seventh, if such loss is on a Group 1, Group 2 or Group 3 Mortgage Loan, to the Group 1, Group 2 or Group 3 Senior Certificates (other than the Principal Only Certificates), respectively; and

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate BalancesSection 5.03(b) below. (b) The Class Certificate Component Balance of the Class PO Component, if any, of Subordinate Certificates then outstanding with the highest numerical Class designation each Group shall be reduced on each Distribution Date by the amount, if any, by which the Component Balance of such PO Component (after giving effect to the amount to be distributed as a distribution of principal on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for the Related Loan Group for such Distribution Date. The Class Certificate Balance of the Class of Subordinate Certificates then outstanding lowest in order of payment priority shall be reduced or increased on each Distribution Date by the amount, if any, necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Non-PO Certificates and Subordinate Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses the PO Deferred Amounts on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount Amounts (Non-PO Portion) for each Loan Group for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances and Component Balances of the Senior Non-PO Certificates and Senior Non-PO Components of each Group in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate sum of the Class Certificate Balances and Component Balances of all outstanding Classes of Senior Non-PO Certificates and Senior Non-PO Components with a Class Certificate Balance or Component Balance greater than zero of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the Adjusted Pool Amount (Non-PO Portion) for the Related Loan Group for such Distribution Date. Any such reduction or increase shall be allocated among the Senior Non-PO Certificates and Senior Non-PO Components of such Group, based on the Class Certificate Balances and Component Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Subordinate Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Subordinate Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinate Certificates or is greater than the Class Certificate Balance of such Class, the excess shall be distributed first, sequentially, to the Classes of Subordinate Certificates then outstanding (beginning with the Class of Subordinate Certificates then outstanding highest in order of payment priority) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Senior Non-PO Certificates and Senior Non-PO Components of such Group, pro rata, on the basis of their respective Class Certificate Balances and Component Balances. (e) After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 1-A-4 Component Loss Allocation Amount is greater than zero, the Component Balance of the Class 1-A-4 Component will be reduced by the Class 1-A-4 Component Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 1-CB-1 Certificates and Component Balances of the Class 1-A-1 and Class 1-A-2 Components will not be reduced by the Class 1-A-4 Component Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the sum of the Class 1-CB-1 Loss Amount, Class 1-A-1 Component Loss Amount and Class 1-A-2 Component Loss Amount exceeds the Component Balance of the Class 1-A-4 Component prior to any reduction for the Class 1-A-4 Component Loss Allocation Amount, such excess will be distributed pro rata, in reduction of the Class Certificate Balance of the Class 1-CB-1 Certificates and the Component Balances of the Class 1-A-1 and Class 1-A-2 Components. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 2-A-4 Component Loss Allocation Amount is greater than zero, the Component Balance of the Class 2-A-4 Component will be reduced by the Class 2-A-4 Component Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 2-NC-1 Certificates and Component Balances of the Class 2-A-1 and Class 2-A-2 Components will not be reduced by the Class 2-A-4 Component Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the sum of the Class 2-NC-1 Loss Amount, Class 2-A-1 Component Loss Amount and Class 2-A-2 Component Loss Amount exceeds the Component Balance of the Class 2-A-4 Component prior to any reduction for the Class 2-A-4 Component Loss Allocation Amount, such excess will be distributed pro rata, in reduction of the Class Certificate Balance of the Class 2-NC-1 Certificates and the Component Balances of the Class 2-A-1 and Class 2-A-2 Components. Any increase in Class Certificate Balance allocated to the Class 1-CB-1 Certificates and the Component Balances of the Class 1-A-1 and Class 1-A-2 Components pursuant to Section 5.03(b) will instead increase the Component Balance of the Class 1-A-4 Component; and any increase in Class Certificate Balance allocated to the Class 2-NC-1 Certificates and the Component Balances of the Class 2-A-1 and Class 2-A-2 Components pursuant to Section 5.03(b) will instead increase the Component Balance of the Class 2-A-4 Component. (f) Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall or Component Balance of a Component will be accomplished by reducing increased on any Distribution Date such that the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "such Class or Component Balance of such Component exceeds its Initial Class Certificate BalanceBalance or Initial Component Balance less all distributions of principal previously distributed in respect of such Class or Component on prior Distribution Dates (excluding in the case of any Class of Subordinate Certificates any principal otherwise payable to such Class of Subordinate Certificates but used to pay any PO Deferred Amount)." (eg) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount Realized Losses allocated to its respective Corresponding Uppersuch Uncertificated Lower-Tier Class as provided aboveInterest's Corresponding Upper Tier Class, Classes or Component.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses on the Mortgage Loans in a Loan Group with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of the principal portion of any Realized Loss with respect to a Discount Mortgage Loan in such Loan Group shall be allocated to the Class A-PO Component of the Related Group until the Class Certificate Balance thereof is reduced to zero; and (other than an Excess Lossii) the applicable Non-PO Percentage of the principal portion of any Realized Loss with respect to a Mortgage Loan in such Loan Group shall be allocated first to the Subordinate Certificates of the Related Group in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates of the Related Group then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior CertificatesCertificates of the Related Group, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) , until the principal portion of any Excess Losses shall be allocated pro rata among the Senior Certificates in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior thereof have been reduced to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate Balanceszero. (b) The Component Balance of the Class A-PO Component of a Group shall be reduced on each Distribution Date by the amount, if any, by which the Component Balance of such Class A-PO Component (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for the Related Loan Group for such Distribution Date. The Class Certificate Balance of the Class of Subordinate Certificates of a Group then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses and Class A-PO Deferred Amounts on such Distribution Date) exceeds the Adjusted Pool Amount for the Related Loan Group for such Distribution Date. After the Senior Credit Support Depletion DateDate for a Group, the Class Certificate Balances of the Senior Certificates of such Group in the aggregate shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the difference between (i) the Adjusted Pool Amount for the Related Loan Group for such Distribution Date and (ii) the Adjusted Pool Amount (PO Portion) for the Related Loan Group for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates of such Group, based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinate Certificates or any reduction in of a Group is greater than the Class Certificate Balance of a Class pursuant to Section 5.03(b) above such Class, the excess shall be accomplished by reducing distributed first, sequentially, to the Classes of Subordinate Certificates of such Group then outstanding (beginning with the Class of Subordinate Certificates of such Group than outstanding with the lowest numerical designation) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Class A Certificates of such Group, pro rata, in accordance with the priorities set forth in Section 5.02. (e) After the Senior Credit Support Depletion Date for Group 1, on any Distribution Date on which the Class 1-A-7 Loss Allocation Amount is greater than zero, the Class Certificate Balance thereof prior to of the distributions made Class 1-A-8 Certificates will be reduced by the Class 1-A-7 Loss Allocation Amount and, notwithstanding Section 5.03(a)(ii) and Section 5.03(b), the Class Certificate Balance of the Class 1-A-7 Certificates will not be reduced by the Class 1-A-7 Loss Allocation Amount. After the Senior Credit Support Depletion Date for Group 1, on the related any Distribution Date in accordance with on which the definition of "Class 1-A-11 Loss Allocation Amount is greater than zero, the Class Certificate BalanceBalance of the Class 1-A-12 Certificates will be reduced by the Class 1-A-11 Loss Allocation Amount and, notwithstanding Section 5.03(a)(ii) and Section 5.03(b), the Class Certificate Balance of the Class 1-A-11 Certificates will not be reduced by the Class 1-A-11 Loss Allocation Amount. After the Senior Credit Support Depletion Date for Group 2, on any Distribution Date on which the Class 2-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 2-A-4 Certificates will be reduced by the Class 2-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(a)(ii) and Section 5.03(b), the Class Certificate Balance of the Class 2-A-2 Certificates will not be reduced by the Class 2-A-2 Loss Allocation Amount." (ef) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class Class, Classes, Component or Components as provided above.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate BalancesSection 5.03(b) below. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount Amounts for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Class A Certificates of the Related Group in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Class A Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Dateprincipal) exceeds equals the Adjusted Pool Amount for such Loan Group and Distribution Date. Any such reduction or increase shall be allocated among the Senior Class A Certificates of such Group based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinate Certificates or any reduction in is greater than the Class Certificate Balance of a Class pursuant to Section 5.03(b) above such Class, the excess shall be accomplished by reducing distributed first, sequentially, to the Classes of Subordinate Certificates then outstanding (beginning with the Class of Subordinate Certificates than outstanding with the lowest numerical designation) until the respective Class Certificate Balance thereof prior of each such Class is reduced to zero and then to the distributions made on the related Distribution Date Class A Certificates of such Group, pro rata, in accordance with the definition of "Class Certificate Balancepriorities set forth in Section 5.02." (e) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class as provided abovein Section 5.02(a). (f) Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance of a Class will be increased on any Distribution Date such that the Class Certificate Balance of such Class exceeds its Initial Class Certificate Balance less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates.

Allocation of Losses. (a) On or prior to each Determination Date, the Master Servicer shall inform the Trustee Securities Administrator in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee Securities Administrator shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) to the principal portion of any Realized Loss Certificates (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with P Certificates) by a reduction in the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second the designated Classes pursuant to the Senior Certificates, pro rata, on the basis operation of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among the Senior Certificates in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate BalancesSection 5.03(b). (b) The Component Balance for the Class 1-30-PO Component and the Class Certificate Balance of for the Class of Subordinate 1-CB-PO Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the sum of such Component Balance and Class Certificate Balance (after giving effect to the amounts to be distributed as a distribution of principal on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for Loan Group 1 for such Distribution Date. Any such reduction shall be allocated between the Class 1-30-PO Component and the Class 1-CB-PO Certificates based on the Component Balance for the Class 1-30-PO Component and the Class Certificate Balance for the Class 30-PO Certificates. The Component Balance of the Class 30-PO Component of Loan Group 2 or Loan Group 3 shall be reduced on each Distribution Date by the amount, if any, by which the Component Balance of such Class 30-PO Component (after giving effect to the amount to be distributed as a distribution of principal on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for the Related Loan Group for such Distribution Date. The Class Certificate Balance of the Class of Subordinate Certificates of a Group then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates such Group (but not the Class P Certificates) (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses Class PO Deferred Amounts on such Distribution Date) exceeds equals the Adjusted Pool Amount (Non-PO Portion) for the Related Loan Group for such Distribution Date. After the applicable Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates of each Group in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the Adjusted Pool Amount (Non-PO Portion) for the Related Loan Group for such Distribution Date. Any such reduction or increase shall be allocated among the Senior Certificates of such Group based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Subordinate Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinate Certificates or any reduction in of a Group is greater than the Class Certificate Balance of a Class pursuant to Section 5.03(b) above such Class, the excess shall be accomplished by reducing distributed first, sequentially, to the Classes of Subordinate Certificates then outstanding of such Group (beginning with the Class of Subordinate Certificates of such Group then outstanding with the lowest numerical designation) until the respective Class Certificate Balance thereof prior of each such Class is reduced to zero and then to the distributions made on Senior Certificates of the related Distribution Date Related Group, pro rata, in accordance with the definition of "Class Certificate Balancepriorities set forth in Section 5.02." (e) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Middle-Tier Interest and then to each Uncertificated Lower-Tier Interest as described in an amount equal Section 5.02(a). (f) After the Senior Credit Support Depletion Date for Group 3, on any Distribution Date on which the Class 3-A-10 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 3-A-10 Certificates will be reduced by the Class 3-A-10 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 3-A-6 Certificates will not be reduced by the Class 3-A-10 Loss Allocation Amount. Any increase in the Class Certificate Balance allocated to the amount allocated Class 3-A-6 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 3-A-10 Certificates. (g) Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance of a Class will be increased on any Distribution Date such that the Class Certificate Balance of such Class exceeds its respective Corresponding Upper-Tier Initial Class as provided aboveCertificate Balance less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates (excluding in the case of any Class of Class B Certificates any principal otherwise payable to such Class B Certificates but used to pay any Class PO Deferred Amount).

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate BalancesSection 5.03(b) below. (b) The Class Certificate Component Balance of the Class PO Component of Subordinate Certificates then outstanding with the highest numerical Class designation each Group shall be reduced on each Distribution Date by the amount, if any, by which the Component Balance of such PO Component (after giving effect to the amount to be distributed as a distribution of principal on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for the Related Loan Group for such Distribution Date. The Class Certificate Balance of the Class 3-PO and Class 6-PO Certificates shall be reduced on each Distribution Date by the amount, if any, by which the Class Certificate Balance of such Class (after giving effect to the amount to be distributed as a distribution of principal on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for the Related Loan Group for such Distribution Date. The Class Certificate Balance of the Class of Class B Certificates then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Non-PO Certificates and Class B Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses the PO Deferred Amounts on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount Amounts (Non-PO Portion) for all Loan Groups for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Non-PO Certificates of each Group in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Non-PO Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the Adjusted Pool Amount (Non-PO Portion) for the Related Loan Group for such Distribution Date. Any such reduction or increase shall be allocated among the Senior Non-PO Certificates of such Group, based on the Class Certificate Balances immediately prior to such Distribution DateDate until the Class Certificate Balances thereof have been reduced to zero. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Class B Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Class B Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Class B Certificates or is greater than the Class Certificate Balance of such Class, the excess shall be distributed first, sequentially, to the Classes of Class B Certificates then outstanding (beginning with the Class of Class B Certificates then outstanding with the lowest numerical designation) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Senior Non-PO Certificates of such Group, pro rata, on the basis of their respective Class Certificate Balances. (e) After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 3-A-7 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 3-A-7 Certificates will be reduced by the Class 3-A-7 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 3-A-6 Certificates will not be reduced by the Class 3-A-7 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 3-A-6 Loss Amount exceeds the Class Certificate Balance of the Class 3-A-7 Certificates prior to any reduction for the Class 3-A-7 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 3-A-6 Certificates. Any increase in Class Certificate Balance allocated to the Class 3-A-6 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 3-A-7 Certificates. (f) Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall will be accomplished by reducing increased on any Distribution Date such that the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "such Class exceeds its Initial Class Certificate BalanceBalance less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates (excluding in the case of any Class of Class B Certificates any principal otherwise payable to such Class of Class B Certificates but used to pay any PO Deferred Amount)." (eg) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest as described in Section 5.02(a) and to each Uncertificated Middle-Tier Interest in an amount equal to the amount Realized Losses allocated to its respective Corresponding Uppersuch Uncertificated Middle-Tier Class as provided aboveInterest's Corresponding Upper Tier Class, Classes or Component.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate BalancesSection 5.03(b) below. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount Amounts for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Class A Certificates of the Related Group in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Class A Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Dateprincipal) exceeds equals the Adjusted Pool Amount for such Loan Group and Distribution Date. Any such reduction or increase shall be allocated among the Senior Class A Certificates of such Group based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinate Certificates or any reduction in is greater than the Class Certificate Balance of a such Class, the excess shall be distributed first, sequentially, to the Classes of Subordinate Certificates then outstanding (beginning with the Class of Subordinate Certificates than outstanding with the lowest numerical designation) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Class A Certificates of such Group, pro rata, in accordance with the priorities set forth in Section 5.02. (e) After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 2-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 2-A-2 Certificates will be reduced by the Class 2-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 2-A-1 Certificates will not be reduced by the Class 2-A-2 Loss Allocation Amount. Any increase allocated to the Class 2-A-1 Certificates pursuant to Section 5.03(b) above shall be accomplished by reducing will instead increase the Class Certificate Balance thereof prior to of the distributions made on the related Distribution Date in accordance with the definition of "Class Certificate Balance2-A-2 Certificates." (ef) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest as provided in an amount equal Section 5.02(a). Realized Losses allocated pursuant to the amount this Section 5.03 will be allocated to its respective Corresponding Uppereach Uncertificated Lower-Tier Interest as described in Section 5.02(a). (g) Notwithstanding any other provision of this Section 5.03, no Class as provided aboveCertificate Balance of a Class will be increased on any Distribution Date such that the Class Certificate Balance of such Class exceeds its Initial Class Certificate Balance less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates.

Allocation of Losses. (a) On or No later than five (5) Business Days prior to each Determination the related Distribution Date, the Master Servicer shall inform the Trustee Securities Administrator in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee Securities Administrator shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis operation of their respective Class Certificate BalancesSection 5.03(b). (b) The Class Certificate Component Balance of the Class PO Component of Subordinate Certificates then outstanding with the highest numerical Class designation a Group shall be reduced on each Distribution Date by the amount, if any, by which the aggregate Component Balance of the such Class Certificate Balances of all outstanding Classes of Certificates PO Component (after giving effect to the amount amounts to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for such Loan Group for such Distribution Date. The Class Certificate Balance of the Crossed Group Subordinate Certificates and Class B Certificates then outstanding with the lowest payment priority shall be reduced or increased on each Distribution Date by the amount, if any, necessary such that the aggregate of the Class Certificate Balances of, in the case of the Crossed Group Subordinate Certificates, all outstanding Classes of Crossed Group Senior Certificates and Components (other than the Class IO Components and the Class PO Components related to the Crossed Group) and Crossed Group Subordinate Certificates and, in the case of the Class B Certificates, all outstanding Classes of Group 3 Senior Certificates and Components (other than the Class IO Component and Class PO Component related to Group 3) and Class B Certificates (after giving effect to the amounts to be distributed as distributions of principal and the allocation of the Class PO Deferred Amounts on such Distribution Date) shall equal the aggregate Adjusted Pool Amount (Non-PO Portion) of the Crossed Loan Groups and the Adjusted Pool Amount (Non-PO Portion) of Loan Group for such Distribution Date. After the a Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates of each related Group in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates of such Group (after giving effect to the amount amounts to be distributed as a distribution distributions of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the Adjusted Pool Amount (Non-PO Portion) for the Related Loan Group for such Distribution Date. Any such reduction or increase shall be allocated among the Senior Certificates and Components (other than the Class IO Component and Class PO Component related to Group 3) of the related Group, pro rata, based on the their Class Certificate Balances immediately prior to such Distribution DateDate until the Class Certificate Balances thereof have been reduced to zero. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Subordinate Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinate Certificates is greater than the Class Certificate Balance of such Class, the excess shall be distributed first, sequentially, to the related Classes of Subordinate Certificates then outstanding (beginning with the Class of related Subordinate Certificates then outstanding with the lowest numerical designation) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Senior Certificates of the related Group or Groups, pro rata, in accordance with the priorities set forth in Section 5.02(b)(i), (ii), (iii), (iv), (v) and (vi), as applicable. (i) With respect to Loan Group 1, after the Senior Credit Support Depletion Date for Loan Group 1, on any reduction Distribution Date on which the Class 1-A-4 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 1-A-4 Certificates will be reduced by the Class 1-A-4 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balances of the Class 1-A-1 and Class 1-A-2 Certificates will not be reduced by the Class 1-A-4 Loss Allocation Amount. Any increase in the Class Certificate Balance allocated to either the Class 1-A-1 or Class 1-A-2 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 1-A-4 Certificates. (ii) With respect to Loan Group 2, after the Senior Credit Support Depletion Date for Loan Group 2: (A) on any Distribution Date on which the Class 2-A-14 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 2-A-14 Certificates will be reduced by the Class 2-A-14 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balances of the Class 2-A-11, Class 2-A-12 and Class 2-A-13 Certificates will not be reduced by the Class 2-A-14 Loss Allocation Amount. Any increase in the Class Certificate Balance allocated to any of the Class 2-A-11, Class 2-A-12 and/or Class 2-A-13 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 2-A-14 Certificates. (B) on any Distribution Date on which the Class 2-A-16 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 2-A-16 Certificates will be reduced by the Class 2-A-16 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 2-A-15 Certificates will not be reduced by the Class 2-A-15 Loss Allocation Amount. Any increase in the Class Certificate Balance allocated to the Class 2-A-15 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 2-A-16 Certificates. (iii) With respect to Loan Group, after the Senior Credit Support Depletion Date for Loan Group, on any Distribution Date on which the Class 3-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 3-A-2 Certificates will be reduced by the Class 3-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 3-A-1 Certificates will not be reduced by the Class 3-A-2 Loss Allocation Amount. Any increase in the Class Certificate Balance allocated to the Class 3-A-1 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 3-A-2 Certificates. (iv) With respect to Loan Group 4, after the Senior Credit Support Depletion Date for Loan Group 4, on any Distribution Date on which the Class 4-A-3 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 4-A-3 Certificates will be reduced by the Class 4-A-3 Loss Allocation Amount and, notwithstanding Section 5.03(b), neither the Class Certificate Balance of the Class 4-A-2 Certificates nor the Component Balance of the Class 4-4A1 Component will be reduced by the Class 4-A-3 Loss Allocation Amount. Any increase in the Class Certificate Balance allocated to the Class 4-A-2 Certificates and/or the Component Balances allocated to the Class 4-4A1 Components pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 4-A-3 Certificates. (v) With respect to Loan Group 5, after the Senior Credit Support Depletion Date for Loan Group 5, on any Distribution Date on which the Class 5-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 5-A-2 Certificates will be reduced by the Class 5-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), neither the Class Certificate Balance of the Class 5-A-1 Certificates nor the Component Balance of the Class 5-4A1 Component will be reduced by the Class 5-A-2 Loss Allocation Amount. Any increase in the Class Certificate Balance allocated to the Class 5-A-1 Certificates and/or the Component Balance allocated to the Class 5-4A1 Component pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 5-A-1 Certificates. (vi) With respect to Loan Group 6, after the Senior Credit Support Depletion Date for Loan Group 6, on any Distribution Date on which the Class 6-A-3 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 6-A-3 Certificates will be reduced by the Class 6-A-3 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 6-A-2 Certificates will not be reduced by the Class 6-A-3 Loss Allocation Amount. Any increase in the Class Certificate Balance allocated to the Class 6-A-2 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 6-A-3 Certificates. (e) Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance of a Class will be increased on any Distribution Date such that the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished by reducing the exceeds its Initial Class Certificate Balance thereof less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates (excluding in the case of any Class of Subordinate Certificates any principal otherwise payable to the distributions made on the such Class of Subordinate Certificates but used to pay any related Distribution Date in accordance with the definition of "Class Certificate BalancePO Deferred Amount)." (ef) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest as described in Section 5.02 and to each Uncertificated Intermediate Lower-Tier Interest in an amount equal to the amount Realized Losses allocated to its respective such Uncertificated Intermediate Lower-Tier Interest's Corresponding Upper-Tier Class as provided aboveClass, Classes or Component.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis operation of their respective Class Certificate BalancesSection 5.03(b). (b) The Class Certificate Balance of the Class of Subordinate 30-PO Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the Class Certificate Balance of the Class 30-PO Certificates (after giving effect to the amount to be distributed as a distribution of principal on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for such Distribution Date. The Class Certificate Balance of the Class of Class B Certificates then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (but not the Class 30-PO Certificates) and Class B Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses the Class PO Deferred Amounts on such Distribution Date) exceeds equals the Adjusted Pool Amount (Non-PO Portion) for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates (other than the Class 30-PO Certificates) in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (other than the Class 30-PO Certificates) (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the Adjusted Pool Amount (Non-PO Portion) for such Distribution Date. Any such reduction or increase shall be allocated among the Senior Certificates (other than the Class 30-PO Certificates), based on the Class Certificate Balances immediately prior to such Distribution DateDate until the Class Certificate Balances thereof have been reduced to zero. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Class B Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Class B Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Class B Certificates or is greater than the Class Certificate Balance of such Class, the excess shall be distributed first, sequentially, to the Classes of Class B Certificates then outstanding (beginning with the Class of Class B Certificates then outstanding with the lowest numerical designation) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Senior Certificates (other than the Class 30-PO Certificates), pro rata, on the basis of their respective Class Certificate Balances. (e) After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class A-8 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class A-8 Certificates will be reduced by the Class A-8 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class A-7 Certificates will not be reduced by the Class A-8 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class A-7 Loss Amount exceeds the Class Certificate Balance of the Class A-8 Certificates prior to any reduction for the Class A-8 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class A-7 Certificates. (f) Any increase in the Class Certificate Balance allocated to the Class A-7 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class A-8 Certificates. (g) Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall will be accomplished by reducing increased on any Distribution Date such that the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "such Class exceeds its Initial Class Certificate BalanceBalance less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates (excluding in the case of any Class of Class B Certificates any principal otherwise payable to such Class of Class B Certificates but used to pay any Class PO Deferred Amount)." (e) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class as provided above.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee shall determine the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group, including Excess Losses, with respect to the related Distribution Date. The principal portion of Realized Losses on the Mortgage Loans in a Loan Group with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of the principal portion of any Realized Loss with respect to a Discount Mortgage Loan in such Loan Group, including any Excess Loss, shall be allocated to the Class A-PO Component of the Related Group until the Class Certificate Balance thereof is reduced to zero; and (ii) the applicable Non-PO Percentage of the principal portion of any Realized Loss (other than an Excess Loss) with respect to a Mortgage Loan in such Loan Group shall be allocated first to the Subordinate Certificates of the Related Group in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates of the Related Group then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates (other than the Class 1-A-18 Certificates) of the Related Group, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution DateDate or, in the case of a Class of Accrual Certificates, the Initial Class Certificate Balance, if lower, until the Class Certificate Balances thereof have been reduced to zero; and (iiiii) the applicable Non-PO Percentage of the principal portion of any Excess Losses with respect to a Mortgage Loan in such Loan Group shall be allocated pro rata among the Senior Certificates of the Related Group (other than the Class 1-A-18 Certificates) in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates of the Related Group on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date. Excess Losses allocated to the Senior Certificates (other than the Class 1-A-18 Certificates) of the Related Group, will be allocated among such Classes pro rata on the basis of their respective Class Certificate Balances, or in the case of a Class of Accrual Certificates, the Initial Class Certificate Balance, if lower. (b) The Component Balance of the Class A-PO Component of a Group shall be reduced on each Distribution Date by the amount, if any, by which the Component Balance of such Class A-PO Component (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for the Related Loan Group for such Distribution Date. The Class Certificate Balance of the Class of Subordinate Certificates of a Group then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses and Class A-PO Deferred Amounts on such Distribution Date) exceeds the Adjusted Pool Amount for the Related Loan Group for such Distribution Date. After the Senior Credit Support Depletion DateDate for a Group, the Class Certificate Balances of the Senior Certificates of such Group in the aggregate shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the difference between (i) the Adjusted Pool Amount for the Related Loan Group for such Distribution Date and (ii) the Adjusted Pool Amount (PO Portion) for the Related Loan Group for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates (other than the Class 1-A-18 Certificates) of such Group, based on the Class Certificate Balances immediately prior to such Distribution DateDate or, in the case of a Class of Accrual Certificates, the Initial Class Certificate Balance, if lower. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any allocation of Realized Losses to a Class of Certificates or any reduction in the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished by reducing the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "Class Certificate Balance." (e) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class Class, Classes, Component or Components as provided above.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis operation of their respective Class Certificate BalancesSection 5.03(b). (b) The Class Certificate Component Balance of the Class PO Component of Subordinate Certificates then outstanding with the highest numerical Class designation a Loan Group shall be reduced on each Distribution Date by the amount, if any, by which the Component Balance of such PO Component (after giving effect to the amount to be distributed as a distribution of principal on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for the Related Loan Group for such Distribution Date. The Class Certificate Balance of the Class of Class B Certificates then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (other than the Class A-PO Certificates) and Class B Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses the PO Deferred Amounts on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount Amounts (Non-PO Portion) for all Loan Groups for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates of each Group in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the Adjusted Pool Amount (Non-PO Portion) for the Related Loan Group for such Distribution Date. Any such reduction or increase shall be allocated among the Senior Certificates of such Group, based on the Class Certificate Balances immediately prior to such Distribution DateDate until the Class Certificate Balances thereof have been reduced to zero. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Class B Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Class B Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Class B Certificates or is greater than the Class Certificate Balance of such Class, the excess shall be distributed first, sequentially, to the Classes of Class B Certificates then outstanding (beginning with the Class of Class B Certificates then outstanding with the lowest numerical designation) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Senior Certificates of such Group (but not the Class A-PO Certificates), pro rata, on the basis of their respective Class Certificate Balances. (e) After the Senior Credit Support Depletion Date and prior to the date on which the Class Certificate Balance of the Class 1-CB-3 Certificates has been reduced to zero, on any reduction Distribution Date on which the Class 1-CB-3 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 1-CB-3 Certificates will be reduced by the Class 1-CB-3 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 1-CB-1 Certificates will not be reduced by the Class 1-CB-3 Loss Allocation Amount. Any increase in the Class Certificate Balance allocated to the Class 1-CB-1 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 1-CB-3 Certificates. (f) Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall will be accomplished by reducing increased on any Distribution Date such that the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "such Class exceeds its Initial Class Certificate BalanceBalance less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates (excluding in the case of any Class of Class B Certificates any principal otherwise payable to such Class B Certificates but used to pay any PO Deferred Amount)." (eg) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest as described in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class as provided aboveSection 5.02(a).

Allocation of Losses. (a) On or No later than five (5) Business Days prior to each Determination the related Distribution Date, the each Master Servicer shall inform the Trustee Securities Administrator in writing with respect to each Mortgage WF Master Serviced Loan: , in the case of the WF Master Servicer, and with respect to each WMMSC Master Serviced Loan, in the case of the WMMSC Master Servicer: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the WF Master Serviced Loans or WMMSC Master Serviced Loans, as applicable, in each Loan Group. Based on such information, the Trustee Securities Administrator shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis operation of their respective Class Certificate BalancesSection 5.03(b). (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount Amounts for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Class A Certificates of the Related Group in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Class A Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Dateprincipal) exceeds equals the Adjusted Pool Amount for such Loan Group and Distribution Date. Any such reduction or increase shall be allocated among the Senior Class A Certificates of such Group based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinate Certificates or is greater than the Class Certificate Balance of such Class, the excess shall be distributed first, sequentially, to the Classes of Subordinate Certificates then outstanding (beginning with the Class of Subordinate Certificates then outstanding with the lowest numerical designation) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Class A Certificates of such Group, pro rata, on the basis of their respective Class Certificate Balances, until the Class Certificate Balances thereof are reduced to zero. (e) After the Senior Credit Support Depletion Date, on any reduction Distribution Date on which the Class 5-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 5-A-2 Certificates will be reduced by the Class 5-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 5-A-1 Certificates will not be reduced by the Class 5-A-2 Loss Allocation Amount. Any increase in the Class Certificate Balance allocated to the Class 5-A-1 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 5-A-2 Certificates. (f) Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall will be accomplished by reducing increased on any Distribution Date such that the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "such Class exceeds its Initial Class Certificate BalanceBalance less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates." (eg) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Pooling REMIC Interest as described in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class as provided aboveSection 5.02(a).

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate BalancesSection 5.03(b) below. (b) The Class Certificate Balance of the Class of Subordinate 30-PO Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the Class Certificate Balance of the Class 30-PO Certificates (after giving effect to the amount to be distributed as a distribution of principal on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for such Distribution Date. The Class Certificate Balance of the Class of Subordinate Certificates then outstanding lowest in order of payment priority shall be reduced or increased on each Distribution Date by the amount, if any, necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Non-PO Certificates and Subordinate Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses the PO Deferred Amounts on such Distribution Date) exceeds equals the Adjusted Pool Amount (Non-PO Portion) for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Non-PO Certificates in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Non-PO Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the Adjusted Pool Amount (Non-PO Portion) for such Distribution Date. Any such reduction or increase shall be allocated among the Senior Certificates Non-PO Certificates, based on the Class Certificate Balances immediately prior to such Distribution DateDate or, in the case of the Class A-3 or Class A-4 Certificates, the respective Initial Class Certificate Balance, if lower, until the Class Certificate Balances thereof have been reduced to zero. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Subordinate Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Subordinate Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinate Certificates or is greater than the Class Certificate Balance of such Class, the excess shall be distributed first, sequentially, to the Classes of Class B Certificates then outstanding (beginning with the Class of Class B Certificates then outstanding with the lowest numerical designation) until the respective Class Certificate Balance of each such Class is reduced to zero, then to the Class M Certificates until the Class Certificate Balance of such Class is reduced to zero and finally to the Senior Non-PO Certificates, pro rata, on the basis of their respective Class Certificate Balances. (e) After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class A-2 Certificates will be reduced by the Class A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class A-6 Certificates will not be reduced by the Class A-2 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class A-6 Loss Amount exceeds the Class Certificate Balance of the Class A-2 Certificates prior to any reduction for the Class A-2 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class A-6 Certificates. Any increase in the Class Certificate Balance allocated to the Class A-6 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class A-2 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class A-4 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class A-4 Certificates will be reduced by the Class A-4 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class A-3 Certificates will not be reduced by the Class A-4 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class A-3 Loss Amount exceeds the Class Certificate Balance of the Class A-4 Certificates prior to any reduction for the Class A-4 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class A-3 Certificates. Any increase in the Class Certificate Balance allocated to the Class A-3 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class A-4 Certificates. (f) Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall will be accomplished by reducing increased on any Distribution Date such that the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "such Class exceeds its Initial Class Certificate BalanceBalance (plus, in the case of the Class A-3 and Class A-4 Certificates, any Class A-3 Accrual Distribution Amounts or Class A-4 Accrual Distribution Amounts, as applicable, previously added thereto) less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates (excluding in the case of any Class of Subordinate Certificates any principal otherwise payable to such Class of Subordinate Certificates but used to pay any PO Deferred Amount)." (eg) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount Realized Losses allocated to its respective such Uncertificated Lower-Tier Interest's Corresponding Upper-Tier Class as provided aboveor Classes.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis operation of their respective Class Certificate BalancesSection 5.03(b). (b) The Class Certificate Component Balance of the Class PO Component of Subordinate Certificates then outstanding with the highest numerical Class designation a Loan Group, if any, shall be reduced on each Distribution Date by the amount, if any, by which the Component Balance of such PO Component (after giving effect to the amount to be distributed as a distribution of principal on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for the Related Loan Group for such Distribution Date. The Class Certificate Balance of the Class of Class B Certificates then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (but not the Class A-PO Certificates) and Class B Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses the PO Deferred Amounts on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount Amounts (Non-PO Portion) for all Loan Groups for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates of each Group in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the Adjusted Pool Amount (Non-PO Portion) for the Related Loan Group for such Distribution Date. Any such reduction or increase shall be allocated among the Senior Certificates of such Group, based on the Class Certificate Balances immediately prior to such Distribution DateDate until the Class Certificate Balances thereof have been reduced to zero. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Class B Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Class B Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Class B Certificates or is greater than the Class Certificate Balance of such Class, the excess shall be distributed first, sequentially, to the Classes of Class B Certificates then outstanding (beginning with the Class of Class B Certificates then outstanding with the lowest numerical designation) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances. (e) After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class CB-5 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class CB-5 Certificates will be reduced by the Class CB-5 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class CB-4 Certificates will not be reduced by the Class CB-5 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class CB-4 Loss Amount exceeds the Class Certificate Balance of the Class CB-5 Certificates prior to any reduction for the Class CB-5 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class CB-4 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class CB-10 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class CB-10 Certificates will be reduced by the Class CB-10 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class CB-1 Certificates will not be reduced by the Class CB-10 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class CB-1 Loss Amount exceeds the Class Certificate Balance of the Class CB-10 Certificates prior to any reduction for the Class CB-10 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class CB-1 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 2-CB-3 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 2-CB-3 Certificates will be reduced by the Class 2-CB-3 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 2-CB-2 Certificates will not be reduced by the Class 2-CB-3 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 2-CB-2 Loss Amount exceeds the Class Certificate Balance of the Class 2-CB-3 Certificates prior to any reduction for the Class 2-CB-3 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 2-CB-2 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 5-A-6 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 5-A-6 Certificates will be reduced by the Class 5-A-6 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 5-A-1 Certificates will not be reduced by the Class 5-A-6 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 5-A-1 Loss Amount exceeds the Class Certificate Balance of the Class 5-A-6 Certificates prior to any reduction for the Class 5-A-6 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 5-A-1 Certificates. Any increase in the Class Certificate Balances allocated to the Class CB-1, Class CB-4, Class 2-CB-2 and Class 5-A-1 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balances of the Class CB-5, Class CB-10, Class 2-CB-3 and Class 5-A-6 Certificates, respectively. (f) Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall will be accomplished by reducing increased on any Distribution Date such that the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "such Class exceeds its Initial Class Certificate BalanceBalance less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates (excluding in the case of any Class of Class B Certificates any principal otherwise payable to such Class B Certificates but used to pay any PO Deferred Amount)." (eg) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest as described in Section 5.02(a) and to each Uncertificated Middle-Tier Interest in an amount equal to the amount Realized Losses allocated to its respective such Uncertificated Middle-Tier Interest's Corresponding Upper-Tier Class as provided aboveClass, Classes or Component.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis operation of their respective Class Certificate BalancesSection 5.03(b). (b) The Class Certificate Balance of the Class of Subordinate 30-PO Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which such Class Certificate Balance (after giving effect to the amount to be distributed as a distribution of principal on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for Loan Group 1 for such Distribution Date. The Class Certificate Balance of the Class 15-PO Certificates shall be reduced on each Distribution Date by the amount, if any, by which such Class Certificate Balance (after giving effect to the amount to be distributed as a distribution of principal on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for Loan Group 2 for such Distribution Date. The Class Certificate Balance of the Class of Class B Certificates then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (but not the Class 30-PO or Class 15-PO Certificates) and Class B Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses the PO Deferred Amounts on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount Amounts (Non-PO Portion) for all the Loan Groups for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates of each Group (other than the Class 30-PO Certificates in the case of Group 1 or the Class 15-PO Certificates in the case of Group 2) in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates of such Group (other than the Class 30-PO Certificates in the case of Group 1 or the Class 15-PO Certificates in the case of Group 2) (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the Adjusted Pool Amount (Non-PO Portion) for the Related Loan Group for such Distribution Date. Any such reduction or increase shall be allocated among the Senior Certificates of such Group (other than the Class 30-PO Certificates in the case of Group 1 or the Class 15-PO Certificates in the case of Group 2), based on the Class Certificate Balances immediately prior to such Distribution DateDate until the Class Certificate Balances thereof have been reduced to zero or, in the case of the Class 1-A-8, Class 1-A-11 or Class 1-A-20 Certificates, the respective Initial Class Certificate Balance, if lower, until the Class Certificate Balances thereof have been reduced to zero. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Class B Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Class B Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Class B Certificates or is greater than the Class Certificate Balance of such Class, the excess shall be distributed first, sequentially, to the Classes of Class B Certificates, then outstanding (beginning with the Class of Class B Certificates, then outstanding with the lowest numerical designation) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Senior Certificates (but not the Class 30-PO Certificates) of such Group, pro rata, on the basis of their respective Class Certificate Balances. (e) After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 1-A-14 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 1-A-14 Certificates will be reduced by the Class 1-A-14 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 1-A-1 Certificates will not be reduced by the Class 1-A-14 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 1-A-1 Loss Amount exceeds the Class Certificate Balance of the Class 1-A-14 Certificates prior to any reduction for the Class 1-A-14 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 1-A-1 Certificates. Any increase in the Class Certificate Balance allocated to the Class 1-A-1 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 1-A-14 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 1-A-17 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 1-A-17 Certificates will be reduced by the Class 1-A-17 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 1-A-16 Certificates will not be reduced by the Class 1-A-17 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 1-A-16 Loss Amount exceeds the Class Certificate Balance of the Class 1-A-17 Certificates prior to any reduction for the Class 1-A-17 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 1-A-16 Certificates. Any increase in the Class Certificate Balance allocated to the Class 1-A-16 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 1-A-17 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 2-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 2-A-2 Certificates will be reduced by the Class 2-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 2-A-1 Certificates will not be reduced by the Class 2-A-2 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 2-A-1 Loss Amount exceeds the Class Certificate Balance of the Class 2-A-2 Certificates prior to any reduction for the Class 2-A-2 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 2-A-1 Certificates. Any increase in the Class Certificate Balance allocated to the Class 2-A-1 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 2-A-2 Certificates. (f) Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall will be accomplished by reducing increased on any Distribution Date such that the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "such Class exceeds its Initial Class Certificate BalanceBalance (plus, in the case of the Class 1-A-8, Class 1-A-11 and Class 1-A-20 Certificates, any Class 1-A-8 Accrual Distribution Amounts, Class 1-A-11 Accrual Distribution Amounts or Class 1-A-20 Accrual Distribution Amounts, as applicable, previously added thereto) less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates (excluding in the case of any Class of Class B Certificates any principal otherwise payable to such Class of Class B Certificates but used to pay any PO Deferred Amount)." (eg) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest as described in Section 5.02(a) and to each Uncertificated Middle-Tier Interest in an amount equal to the amount Realized Losses allocated to its respective such Uncertificated Middle-Tier Interest's Corresponding Upper-Tier Class as provided aboveClass, Classes or Component.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate BalancesSection 5.03(b) below. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount Amounts for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Class A Certificates of the Related Group in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Class A Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Dateprincipal) exceeds equals the Adjusted Pool Amount for such Loan Group and Distribution Date. Any such reduction or increase shall be allocated among the Senior Class A Certificates of such Group based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinate Certificates or any reduction in is greater than the Class Certificate Balance of a Class pursuant to Section 5.03(b) above such Class, the excess shall be accomplished by reducing distributed first, sequentially, to the Classes of Subordinate Certificates then outstanding (beginning with the Class of Subordinate Certificates than outstanding with the lowest numerical designation) until the respective Class Certificate Balance thereof prior of each such Class is reduced to zero and then to the distributions made Class A Certificates of such Group, pro rata, on the related Distribution Date in accordance with the definition basis of "their respective Class Certificate BalanceBalances." (e) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest as provided in an amount equal Section 5.02(a). Realized Losses allocated pursuant to the amount this Section 5.03 will be allocated to its respective Corresponding Uppereach Uncertificated Lower-Tier Interest as described in Section 5.02(a). (f) Notwithstanding any other provision of this Section 5.03, no Class as provided aboveCertificate Balance of a Class will be increased on any Distribution Date such that the Class Certificate Balance of such Class exceeds its Initial Class Certificate Balance less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses on the Mortgage Loans in a Loan Group with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior CertificatesCertificates of the Related Group, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) , until the principal portion of any Excess Losses shall be allocated pro rata among the Senior Certificates in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior thereof have been reduced to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate Balanceszero. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the sum of the Adjusted Pool Amount Amounts for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Class A Certificates of the Related Group in the aggregate shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Class A Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount for such Loan Group and Distribution Date. Any such reduction shall be allocated among the Senior Class A Certificates of such Group based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinate Certificates or any reduction in is greater than the Class Certificate Balance of a Class pursuant to Section 5.03(b) above such Class, the excess shall be accomplished by reducing distributed first, sequentially, to the Classes of Subordinate Certificates then outstanding (beginning with the Class of Subordinate Certificates than outstanding with the lowest numerical designation) until the respective Class Certificate Balance thereof prior of each such Class is reduced to zero and then to the distributions made on the related Distribution Date Class A Certificates of such Group, pro rata, in accordance with the definition of "Class Certificate Balancepriorities set forth in Section 5.02." (e) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated LowerMiddle-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class Class, Classes, Component or Components as provided above. Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest as described in Section 5.02(a).

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis operation of their respective Class Certificate BalancesSection 5.03(b). (b) The Class Certificate Component Balance of the Class PO Component of Subordinate Certificates then outstanding with the highest numerical Class designation Group 1, Group 2 and Group 3 shall be reduced on each Distribution Date by the amount, if any, by which the Component Balance of such PO Component (after giving effect to the amount to be distributed as a distribution of principal on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for the Related Loan Group for such Distribution Date. The Class Certificate Balance of the Class 4-PO Certificates shall be reduced on each Distribution Date by the amount, if any, by which such Class Certificate Balance (after giving effect to the amount to be distributed as a distribution of principal on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for Loan Group 4 for such Distribution Date. The Class Certificate Balance of the Class of Class B Certificates then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (but not the Class CB-PO, and Class 4-PO Certificates) and Class B Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses the PO Deferred Amounts on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount Amounts (Non-PO Portion) for all Loan Groups for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates (but not the Class 4-PO Certificates) of each Group in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the Adjusted Pool Amount (Non-PO Portion) for the Related Loan Group for such Distribution Date. Any such reduction or increase shall be allocated among the Senior Certificates of such Group, based on the Class Certificate Balances immediately prior to such Distribution DateDate until the Class Certificate Balances thereof have been reduced to zero or, in the case of the Class 1-CB-8 Certificates, the Initial Class Certificate Balance, if lower, until the Class Certificate Balance thereof has been reduced to zero. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Class B Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Class B Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Class B Certificates or is greater than the Class Certificate Balance of such Class, the excess shall be distributed first, sequentially, to the Classes of Class B Certificates then outstanding (beginning with the Class of Class B Certificates then outstanding with the lowest numerical designation) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Senior Certificates (but not the Class 4-PO Certificates) of such Group, pro rata, on the basis of their respective Class Certificate Balances. (e) After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 1-CB-6 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 1-CB-6 Certificates will be reduced by the Class 1-CB-6 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 1-CB-1 Certificates will not be reduced by the Class 1-CB-6 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 1-CB-1 Loss Amount exceeds the Class Certificate Balance of the Class 1-CB-6 Certificates prior to any reduction for the Class 1-CB-6 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 1-CB-1 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 1-CB-7 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 1-CB-7 Certificates will be reduced by the Class 1-CB-7 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 1-CB-3 Certificates will not be reduced by the Class 1-CB-7 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 1-CB-3 Loss Amount exceeds the Class Certificate Balance of the Class 1-CB-7 Certificates prior to any reduction for the Class 1-CB-7 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 1-CB-3 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 4-A-4 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 4-A-4 Certificates will be reduced by the Class 4-A-4 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 4-A-3 Certificates will not be reduced by the Class 4-A-4 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 4-A-3 Loss Amount exceeds the Class Certificate Balance of the Class 4-A-4 Certificates prior to any reduction for the Class 4-A-4 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 4-A-3 Certificates. Any increase in the Class Certificate Balances allocated to the Class 1-CB-1, Class 1-CB-3 and Class 4-A-3 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balances of the Class 1-CB-6, Class 1-CB-7 and Class 4-A-4 Certificates, respectively. (f) Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall will be accomplished by reducing increased on any Distribution Date such that the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "such Class exceeds its Initial Class Certificate BalanceBalance (plus, in the case of the Class 1-CB-8 Certificates, any Class 1-CB-8 Accrual Distribution Amounts previously added thereto) less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates (excluding in the case of any Class of Class B Certificates any principal otherwise payable to such Class of Class B Certificates but used to pay any PO Deferred Amount)." (eg) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest as described in Section 5.02(a) and to each Uncertificated Middle-Tier Interest in an amount equal to the amount Realized Losses allocated to its respective such Uncertificated Middle-Tier Interest's Corresponding Upper-Tier Class as provided aboveClass, Classes or Component.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses on the Mortgage Loans in a Loan Group with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of the principal portion of any Realized Loss with respect to a Discount Mortgage Loan in such Loan Group shall be allocated to the Class A-PO Component of the Related Group until the Class Certificate Balance thereof is reduced to zero; and (other than an Excess Lossii) the applicable Non-PO Percentage of the principal portion of any Realized Loss with respect to a Mortgage Loan in such Loan Group shall be allocated first to the Subordinate Certificates of the Related Group in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates of the Related Group then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior CertificatesCertificates of the Related Group, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) , until the principal portion of any Excess Losses shall be allocated pro rata among the Senior Certificates in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior thereof have been reduced to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate Balanceszero. (b) The Component Balance of the Class A-PO Component of a Group shall be reduced on each Distribution Date by the amount, if any, by which the Component Balance of such Class A-PO Component (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for the Related Loan Group for such Distribution Date. The Class Certificate Balance of the Class of Subordinate Certificates of a Group then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses and Class A-PO Deferred Amounts on such Distribution Date) exceeds the Adjusted Pool Amount for the Related Loan Group for such Distribution Date. After the Senior Credit Support Depletion DateDate for a Group, the Class Certificate Balances of the Senior Certificates of such Group in the aggregate shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the difference between (i) the Adjusted Pool Amount for the Related Loan Group for such Distribution Date and (ii) the Adjusted Pool Amount (PO Portion) for the Related Loan Group for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates of such Group, based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any allocation of Realized Losses to a Class of Certificates or any reduction in the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished by reducing the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "Class Certificate Balance." (e) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class Class, Classes, Component or Components as provided above.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) with respect to each Cashflow Group, the sum, with respect to each Mortgage Loan contributing to such Cashflow Group, of the total applicable Principal Fraction of the amount of Realized LossesLosses on such Mortgage Loan. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans allocable to such Cashflow Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates (other than Exchangeable Certificates) by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to Section 5.03(b) below and to the related Distribution Date. Excess Losses allocated to the Senior Exchangeable Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate Balancesalso as described in Section 5.03(b) below. (b) The Class Certificate Balance of the Class of Subordinate 1-PO Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the Class Certificate Balance of the Class 1-PO Certificates (after giving effect to the amount to be distributed as a distribution of principal on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for Cashflow Group 1 for such Distribution Date. The Class Certificate Balance of the Class of Subordinate Certificates then outstanding lowest in order of payment priority shall be reduced or increased on each Distribution Date by the amount, if any, necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Non-PO Certificates and Subordinate Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses the PO Deferred Amounts on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount Amounts (Non-PO Portion) for both Cashflow Groups for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Non-PO Certificates of each Group in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Non-PO Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the Adjusted Pool Amount (Non-PO Portion) for the Related Cashflow Group for such Distribution Date. Any such reduction or increase shall be allocated among the Senior Non-PO Certificates of such Group, pro rata, based on the Class Certificate Balances immediately prior to such Distribution Date. Outstanding Exchangeable Certificates will be allocated their proportionate share of any increase or decrease in the Class Certificate Balance of a Related Exchangeable REMIC Certificate pursuant to this Section 5.03(b). (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Subordinate Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Subordinate Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinate Certificates or is greater than the Class Certificate Balance of such Class, the excess shall be distributed first, sequentially, to the Classes of Subordinate Certificates then outstanding (beginning with the Class of Subordinate Certificates then outstanding highest in order of payment priority) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Senior Non-PO Certificates, pro rata, on the basis of their respective Class Certificate Balances. (e) After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 1-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 1-A-2 Certificates will be reduced by the Class 1-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 1-A-1 Certificates will not be reduced by the Class 1-A-2 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 1-A-1 Loss Amount exceeds the Class Certificate Balance of the Class 1-A-2 Certificates prior to any reduction for the Class 1-A-2 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 1-A-1 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 2-A-3 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 2-A-3 Certificates will be reduced by the Class 2-A-3 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 2-A-1 Certificates will not be reduced by the Class 2-A-3 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 2-A-1 Loss Amount exceeds the Class Certificate Balance of the Class 2-A-3 Certificates prior to any reduction for the Class 2-A-3 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 2-A-1 Certificates. Any increase in Class Certificate Balance allocated to the Class 1-A-1 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 1-A-2 Certificates and any increase in Class Certificate Balance allocated to the Class 2-A-1 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 2-A-3 Certificates. Outstanding Exchangeable Certificates will be allocated their proportionate share of any increase or decrease in the Class Certificate Balance of a Class Related Exchangeable REMIC Certificate pursuant to this Section 5.03(b5.03(e). (f) above shall Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance or Maximum Class Certificate Balance of a Class will be accomplished by reducing increased on any Distribution Date such that the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "or Maximum Class Certificate BalanceBalance of such Class exceeds its Initial Class Certificate Balance or Maximum Initial Class Certificate Balance less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates (excluding in the case of any Class of Subordinate Certificates any principal otherwise payable to such Class of Subordinate Certificates but used to pay any PO Deferred Amount)." (eg) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest as described in Section 5.02(a) and to each Uncertificated Middle-Tier Interest in an amount equal to the amount Realized Losses allocated to its respective Corresponding Uppersuch Uncertificated Middle-Tier Interest's Corresponding Upper Tier Class as provided aboveor Classes.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis operation of their respective Class Certificate BalancesSection 5.03(b). (b) The Class Certificate Balance of the Class of Subordinate 30-PO Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the Class Certificate Balance of the Class 30-PO Certificates (after giving effect to the amount to be distributed as a distribution of principal on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for Loan Group 1 for such Distribution Date. The Class Certificate Balance of the Class 15-PO Certificates shall be reduced on each Distribution Date by the amount, if any, by which the Class Certificate Balance of the Class 15-PO Certificates (after giving effect to the amount to be distributed as a distribution of principal on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for Loan Group 2 for such Distribution Date. The Class Certificate Balance of the Class of Class B Certificates then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (but not the Class 30-PO and Class 15-PO Certificates) (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses the Class PO Deferred Amounts on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount Amounts (Non-PO Portion) for all the Loan Groups for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates of each Group (other than the Class 30-PO Certificates in the case of Group 1 and the Class 15-PO Certificates in the case of Group 2) in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates of such Group (other than the Class 30-PO Certificates in the case of Group 1 and the Class 15-PO Certificates in the case of Group 2) (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the Adjusted Pool Amount (Non-PO Portion) for the Related Loan Group for such Distribution Date. Any such reduction or increase shall be allocated among the Senior Certificates of such Group (other than the Class 30-PO Certificates in the case of Group 1 and the Class 15-PO Certificates in the case of Group 2), based on the Class Certificate Balances immediately prior to such Distribution DateDate or, in the case of the Class 1-A-8, Class 1-A-9 or Class 1-A-11 Certificates, the respective Initial Class Certificate Balance, if lower, until the Class Certificate Balances thereof have been reduced to zero. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Class B Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Class B Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Class B Certificates is greater than the Class Certificate Balance of such Class, the excess shall be distributed first, sequentially, to the Classes of Class B Certificates, then outstanding (beginning with the Class of Class B Certificates, then outstanding with the lowest numerical designation) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Senior Certificates of such Group (other than the Class 30-PO or Class 15-PO Certificates), pro rata, on the basis of their respective Class Certificate Balances. (e) After the Senior Credit Support Depletion Date, on any reduction Distribution Date on which the Class 1-A-12 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 1-A-12 Certificates will be reduced by the Class 1-A-12 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 1-A-10 Certificates will not be reduced by the Class 1-A-12 Loss Allocation Amount. Any increase in the Class Certificate Balance allocated to the Class 1-A-10 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 1-A-12 Certificates. (f) Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall will be accomplished by reducing increased on any Distribution Date such that the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "such Class exceeds its Initial Class Certificate BalanceBalance (plus, in the case of the Class 1-A-8, Class 1-A-9 and Class 1-A-11 Certificates, any Class 1-A-8 Accrual Distribution Amounts, Class 1-A-9 Accrual Distribution Amounts or Class 1-A-11 Accrual Distribution Amounts, as applicable, previously added thereto) less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates (excluding in the case of any Class of Class B Certificates any principal otherwise payable to such Class of Class B Certificates but used to pay any Class PO Deferred Amount)." (eg) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest as described in Section 5.02(a) and to each Uncertificated Middle-Tier Interest in an amount equal to the amount Realized Losses allocated to its respective such Uncertificated Middle-Tier Interest's Corresponding Upper-Tier Class as provided aboveor Classes.

Allocation of Losses. (a) On or prior to the 10th calendar day of each Determination Datemonth (or, if such 10th calendar day is not a Business Day, the next Business Day), the Servicer shall inform the Trustee Securities Administrator in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee Securities Administrator shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates (other than Exchangeable Certificates) by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to Section 5.03(b) below and to the related Distribution Date. Excess Losses allocated to the Senior Exchangeable Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate Balancesas described in Section 5.03(b) below. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation lowest in order of payment priority shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (other than Exchangeable Certificates) (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the sum of all Adjusted Pool Amount Amounts for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates of each Group in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the Adjusted Pool Amount for the Related Loan Group for such Distribution Date. Any such reduction or increase shall be allocated among the Senior Certificates of such Group, pro rata, based on the Class Certificate Balances immediately prior to such Distribution Date. Outstanding Exchangeable Certificates will be allocated their proportionate share of any increase or decrease in the Class Certificate Balance of a Related Exchangeable REMIC Certificate pursuant to this Section 5.03(b). (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Subordinate Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Subordinate Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinate Certificates or is greater than the Class Certificate Balance of such Class, the excess shall be distributed first, sequentially, to the Classes of Subordinate Certificates then outstanding (beginning with the Class of Subordinate Certificates then outstanding highest in order of payment priority) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Senior Certificates of such Group, pro rata, on the basis of their respective Class Certificate Balances. (e) After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 1-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 1-A-2 Certificates will be reduced by the Class 1-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balances of the Class 1-A-3, Class 1-A-4 and Class 1-A-6 Certificates will not be reduced by the Class 1-A-2 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the sum of the Class 1-A-3 Loss Amount, Class 1-A-4 Loss Amount and Class 1-A-6 Loss Amount exceeds the Class Certificate Balance of the Class 1-A-2 Certificates prior to any reduction for the Class 1-A-2 Loss Allocation Amount, such excess will be distributed pro rata in reduction of the Class Certificate Balances of the Class 1-A-3, Class 1-A-4 and Class 1-A-6 Certificates. After the Senior Credit Support Depletion Date and after the Class Certificate Balance of the Class 1-A-2 Certificates has been reduced to zero, on any Distribution Date on which the Class 1-A-6 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 1-A-6 Certificates will be reduced by the Class 1-A-6 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balances of the Class 1-A-3 and Class 1-A-4 Certificates will not be reduced by the Class 1-A-6 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the sum of the Class 1-A-3 Loss Amount and Class 1-A-4 Loss Amount exceeds the Class Certificate Balance of the Class 1-A-6 Certificates prior to any reduction for the Class 1-A-6 Loss Allocation Amount, such excess will be distributed pro rata in reduction of the Class Certificate Balances of the Class 1-A-3 and Class 1-A-4 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 2-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 2-A-2 Certificates will be reduced by the Class 2-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balances of the Class 2-A-3, Class 2-A-4 and Class 2-A-6 Certificates will not be reduced by the Class 2-A-2 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the sum of the Class 2-A-3 Loss Amount, Class 2-A-4 Loss Amount and Class 2-A-6 Loss Amount exceeds the Class Certificate Balance of the Class 2-A-2 Certificates prior to any reduction for the Class 2-A-2 Loss Allocation Amount, such excess will be distributed pro rata in reduction of the Class Certificate Balances of the Class 2-A-3, Class 2-A-4 and Class 2-A-6 Certificates. After the Senior Credit Support Depletion Date and after the Class Certificate Balance of the Class 2-A-2 Certificates has been reduced to zero, on any Distribution Date on which the Class 2-A-6 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 2-A-6 Certificates will be reduced by the Class 2-A-6 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balances of the Class 2-A-3 and Class 2-A-4 Certificates will not be reduced by the Class 2-A-6 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the sum of the Class 2-A-3 Loss Amount and Class 2-A-4 Loss Amount exceeds the Class Certificate Balance of the Class 2-A-6 Certificates prior to any reduction for the Class 2-A-6 Loss Allocation Amount, such excess will be distributed pro rata in reduction of the Class Certificate Balances of the Class 2-A-3 and Class 2-A-4 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 3-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 3-A-2 Certificates will be reduced by the Class 3-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balances of the Class 3-A-3, Class 3-A-4 and Class 3-A-7 Certificates will not be reduced by the Class 3-A-2 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the sum of the Class 3-A-3 Loss Amount, Class 3-A-4 Loss Amount and Class 3-A-7 Loss Amount exceeds the Class Certificate Balance of the Class 3-A-2 Certificates prior to any reduction for the Class 3-A-2 Loss Allocation Amount, such excess will be distributed pro rata in reduction of the Class Certificate Balances of the Class 3-A-3, Class 3-A-4 and Class 3-A-7 Certificates. After the Senior Credit Support Depletion Date and after the Class Certificate Balance of the Class 3-A-2 Certificates has been reduced to zero, on any Distribution Date on which the Class 3-A-7 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 3-A-7 Certificates will be reduced by the Class 3-A-7 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balances of the Class 3-A-3 and Class 3-A-4 Certificates will not be reduced by the Class 3-A-7 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the sum of the Class 3-A-3 Loss Amount and Class 3-A-4 Loss Amount exceeds the Class Certificate Balance of the Class 3-A-7 Certificates prior to any reduction for the Class 3-A-7 Loss Allocation Amount, such excess will be distributed pro rata in reduction of the Class Certificate Balances of the Class 3-A-3 and Class 3-A-4 Certificates. Any increase in Class Certificate Balance allocated to the Class 1-A-3, Class 1-A-4 and Class 1-A-6 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 1-A-2 Certificates and after the Class Certificate Balance of the Class 1-A-2 Certificates has been reduced to zero, any increase in Class Certificate Balance allocated to the Class 1-A-3 and Class 1-A-4 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 1-A-6 Certificates; any increase in Class Certificate Balance allocated to the Class 2-A-3, Class 2-A-4 and Class 2-A-6 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 2-A-2 Certificates and after the Class Certificate Balance of the Class 2-A-2 Certificates has been reduced to zero, any increase in Class Certificate Balance allocated to the Class 2-A-3 and Class 2-A-4 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 2-A-6 Certificates; and any increase in Class Certificate Balance allocated to the Class 3-A-3, Class 3-A-4 and Class 3-A-7 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 3-A-2 Certificates and after the Class Certificate Balance of the Class 3-A-2 Certificates has been reduced to zero, any increase in Class Certificate Balance allocated to the Class 3-A-3 and Class 3-A-4 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 3-A-7 Certificates. Outstanding Exchangeable Certificates will be allocated their proportionate share of any increase or decrease in the Class Certificate Balance of a Class Related Exchangeable REMIC Certificate pursuant to this Section 5.03(b5.03(e). (f) above shall Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance or Maximum Class Certificate Balance of a Class will be accomplished by reducing increased on any Distribution Date such that the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "or Maximum Class Certificate BalanceBalance of such Class exceeds its Initial Class Certificate Balance or Maximum Initial Class Certificate Balance less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates (excluding in the case of any Class of Subordinate Certificates any principal otherwise payable to such Class of Subordinate Certificates but used to pay any PO Deferred Amount)." (eg) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest as described in Section 5.02(a) and to each Uncertificated Middle-Tier Interest in an amount equal to the amount Realized Losses allocated to its respective such Uncertificated Middle-Tier Interest's Corresponding Upper-Tier Class as provided aboveor Classes.

Allocation of Losses. (a) On or No later than five (5) Business Days prior to each Determination the related Distribution Date, the Master Servicer shall inform the Trustee Securities Administrator in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee Securities Administrator shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis operation of their respective Class Certificate BalancesSection 5.03(b). (b) The Class Certificate On each Distribution Date, the Component Balance of the Class PO Component of Subordinate Certificates then outstanding with the highest numerical Class designation a Group, if any, shall be reduced on each Distribution Date by the amount, if any, by which the aggregate Component Balance of the Class Certificate Balances of all outstanding Classes of Certificates such PO Component (after giving effect to the amount amounts to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for the Related Loan Group for such Distribution Date. The Class Certificate Balance of the Subordinate Certificates then outstanding with the lowest payment priority shall be reduced or increased on each Distribution Date by the amount, if any, necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Non-PO Certificates and Subordinate Certificates (after giving effect to the amounts to be distributed as distributions of principal and the allocation of PO Deferred Amounts) shall equal the aggregate Adjusted Pool Amount (Non-PO Portion) of the Loan Groups for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Non-PO Certificates of each Group in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Non-PO Certificates of such Group (after giving effect to the amount amounts to be distributed as a distribution distributions of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the Adjusted Pool Amount (Non-PO Portion) for the Related Loan Group for such Distribution Date. Any such reduction or increase shall be allocated among the Senior Non-PO Certificates of a Group, pro rata, based on the their Class Certificate Balances immediately prior to such Distribution Date, or in the case of the Class 1-A-12 and Class 3-A-2 Certificates, their respective Initial Class Certificate Balances, if lower, until the Class Certificate Balances thereof have been reduced to zero. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Subordinate Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinate Certificates or is greater than the Class Certificate Balance of such Class, the excess shall be distributed first, sequentially, to the Classes of Subordinate Certificates then outstanding (beginning with the Class of Subordinate Certificates then outstanding highest in order of payment priority) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Senior Non-PO Certificates, pro rata. (e) After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 1-A-3 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 1-A-3 Certificates will be reduced by the Class 1-A-3 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 1-A-1 Certificates will not be reduced by the Class 1-A-3 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 1-A-1 Loss Amount exceeds the Class Certificate Balance of the Class 1-A-3 Certificates prior to any reduction for the Class 1-A-3 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 1-A-1 Certificates. Any increase in the Class Certificate Balance allocated to the Class 1-A-1 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 1-A-3 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 1-A-5 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 1-A-5 Certificates will be reduced by the Class 1-A-5 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 1-A-4 Certificates will not be reduced by the Class 1-A-5 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 1-A-4 Loss Amount exceeds the Class Certificate Balance of the Class 1-A-5 Certificates prior to any reduction for the Class 1-A-5 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 1-A-4 Certificates. Any increase in the Class Certificate Balance allocated to the Class 1-A-4 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 1-A-5 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 2-A-7 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 2-A-7 Certificates will be reduced by the Class 2-A-7 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 2-A-6 Certificates will not be reduced by the Class 2-A-7 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 2-A-6 Loss Amount exceeds the Class Certificate Balance of the Class 2-A-7 Certificates prior to any reduction for the Class 2-A-7 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 2-A-6 Certificates. Any increase in the Class Certificate Balance allocated to the Class 2-A-6 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 2-A-7 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 3-A-3 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 3-A-3 Certificates will be reduced by the Class 3-A-3 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 3-A-4 Certificates will not be reduced by the Class 3-A-3 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 3-A-4 Loss Amount exceeds the Class Certificate Balance of the Class 3-A-3 Certificates prior to any reduction for the Class 3-A-3 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 3-A-4 Certificates. Any increase in the Class Certificate Balance allocated to the Class 3-A-4 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 3-A-3 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 4-A-1 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 4-A-1 Certificates will be reduced by the Class 4-A-1 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 4-A-2 Certificates will not be reduced by the Class 4-A-1 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 4-A-2 Loss Amount exceeds the Class Certificate Balance of the Class 4-A-1 Certificates prior to any reduction for the Class 4-A-1 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 4-A-2 Certificates. Any increase in the Class Certificate Balance allocated to the Class 4-A-2 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 4-A-1 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 4-A-3 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 4-A-3 Certificates will be reduced by the Class 4-A-3 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 4-A-4 Certificates will not be reduced by the Class 4-A-3 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 4-A-4 Loss Amount exceeds the Class Certificate Balance of the Class 4-A-3 Certificates prior to any reduction for the Class 4-A-3 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 4-A-4 Certificates. Any increase in the Class Certificate Balance allocated to the Class 4-A-4 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 4-A-3 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 4-A-7 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 4-A-7 Certificates will be reduced by the Class 4-A-7 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 4-A-6 Certificates will not be reduced by the Class 4-A-7 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 4-A-6 Loss Amount exceeds the Class Certificate Balance of the Class 4-A-7 Certificates prior to any reduction for the Class 4-A-7 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 4-A-6 Certificates. Any increase in the Class Certificate Balance allocated to the Class 4-A-6 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 4-A-7 Certificates. (f) Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance of a Class will be increased on any Distribution Date such that the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished by reducing the exceeds its Initial Class Certificate Balance thereof plus, in the case of the Class 1-A-12 and Class 3-A-2 Certificates, any Class 1-A-12 Accrual Distribution Amounts and Class 3-A-2 Accrual Distribution Amounts, respectively, previously added thereto) less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates (excluding in the case of any Class of Subordinate Certificates any principal otherwise payable to the distributions made on the such Class of Subordinate Certificates but used to pay any related Distribution Date in accordance with the definition of "Class Certificate BalancePO Deferred Amount)." (eg) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest as described in Section 5.02 and to each Uncertificated Intermediate Lower-Tier Interest in an amount equal to the amount Realized Losses allocated to its respective such Uncertificated Intermediate Lower-Tier Interest's Corresponding Upper-Tier Class as provided aboveClass, Classes or Component.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis operation of their respective Class Certificate BalancesSection 5.03(b). (b) The Class Certificate Component Balance of the Class PO Component of Subordinate Certificates then outstanding with the highest numerical Class designation a Loan Group, if any, shall be reduced on each Distribution Date by the amount, if any, by which the Component Balance of such PO Component (after giving effect to the amount to be distributed as a distribution of principal on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for the Related Loan Group for such Distribution Date. The Class Certificate Balance of the Class of Class B Certificates then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (but not the Class CB-PO and Class X-PO Certificates) and Class B Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses the PO Deferred Amounts on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount Amounts (Non-PO Portion) for all Loan Groups for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates of each Group in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the Adjusted Pool Amount (Non-PO Portion) for the Related Loan Group for such Distribution Date. Any such reduction or increase shall be allocated among the Senior Certificates of such Group, based on the Class Certificate Balances immediately prior to such Distribution DateDate until the Class Certificate Balances thereof have been reduced to zero. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Class B Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Class B Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Class B Certificates or is greater than the Class Certificate Balance of such Class, the excess shall be distributed first, sequentially, to the Classes of Class B Certificates then outstanding (beginning with the Class of Class B Certificates then outstanding with the lowest numerical designation) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances. (e) After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 1-CB-6 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 1-CB-6 Certificates will be reduced by the Class 1-CB-6 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 1-CB-1 Certificates will not be reduced by the Class 1-CB-6 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 1-CB-1 Loss Amount exceeds the Class Certificate Balance of the Class 1-CB-6 Certificates prior to any reduction for the Class 1-CB-6 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 1-CB-1 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 1-CB-7 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 1-CB-7 Certificates will be reduced by the Class 1-CB-7 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 1-CB-2 Certificates will not be reduced by the Class 1-CB-7 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 1-CB-2 Loss Amount exceeds the Class Certificate Balance of the Class 1-CB-7 Certificates prior to any reduction for the Class 1-CB-7 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 1-CB-2 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 4-A-4 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 4-A-4 Certificates will be reduced by the Class 4-A-4 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 4-A-1 Certificates will not be reduced by the Class 4-A-4 Loss Allocation Amount. Notwithstanding the foregoing, on any Distribution Date in which the Class 4-A-1 Loss Amount exceeds the Class Certificate Balance of the Class 4-A-4 Certificates prior to any reduction for the Class 4-A-4 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class 4-A-1 Certificates. Any increase in the Class Certificate Balances allocated to the Class 1-CB-1, Class 1-CB-2 and Class 4-A-1 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balances of the Class 1-CB-6, Class 1-CB-7 and Class 4-A-4 Certificates, respectively. (f) Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall will be accomplished by reducing increased on any Distribution Date such that the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "such Class exceeds its Initial Class Certificate BalanceBalance less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates (excluding in the case of any Class of Class B Certificates any principal otherwise payable to such Class B Certificates but used to pay any PO Deferred Amount)." (eg) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest as described in Section 5.02(a) and to each Uncertificated Middle-Tier Interest in an amount equal to the amount Realized Losses allocated to its respective such Uncertificated Middle-Tier Interest's Corresponding Upper-Tier Class as provided aboveClass, Classes or Component.

Allocation of Losses. (a) On or prior to each Determination Date, the Master Servicer shall inform determine the Trustee in writing with respect to each Mortgage Loan: (1) whether amount of any Realized Loss is a Deficient Valuationin respect of each Mortgage Loan that occurred during the immediately preceding calendar month, a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized Losses. Based based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to information provided by the related Distribution Date. The principal portion of Servicer. (a) Group I Certificates (i) Realized Losses with respect to any Distribution Date shall a Group I Mortgage Loan will be allocated as follows:on a pro rata basis between the related PO Percentage of the Scheduled Principal Balance of such Group I Mortgage Loan and the related Non-PO Percentage of such Scheduled Principal Balance. (iii) On each Distribution Date, the related PO Percentage of the principal portion of any Realized Loss (other than an Excess Loss) shall on a Discount Mortgage Loan in Loan Group I and any Class I-PO Certificate Cash Shortfall will be allocated first to the Subordinate Class I-PO Certificates until the Current Principal Amount of the Class I-PO Certificates is reduced to zero. With respect to any Distribution Date through the Group I Cross-Over Date, the aggregate of all amounts so allocable to the Class I-PO Certificates on such date in reverse order respect of their respective numerical any Realized Losses and any Class designations I-PO Certificate Cash Shortfalls and all amounts previously allocated in respect of such Realized Losses or Class I-PO Certificate Cash Shortfalls and not distributed on prior Distribution Dates will be the “Class I-PO Certificate Deferred Amount.” To the extent funds are available therefor on any Distribution Date through the Group I Cross-Over Date, distributions in respect of the Class I-PO Certificate Deferred Amount for the Class I-PO Certificates from Available Funds will be made in accordance with priority fifth of clause (beginning with i) above. No interest shall accrue on the Class I-PO Certificate Deferred Amount. On each Distribution Date through the Group I Cross-Over Date, the Current Principal Amount of the lowest ranking Class of Subordinate Certificates then outstanding will be reduced by the amount of any distributions in respect of any Class I-PO Certificate Deferred Amount on such Distribution Date in accordance with the highest numerical priorities set forth above, through the operation of the Group I Subordinate Certificate Writedown Amount. After the Group I Cross-Over Date, no more distributions will be made in respect of, and applicable Realized Losses and Class designationI-PO Certificate Cash Shortfalls allocable to the Class I-PO Certificates will not be added to, the Class I-PO Certificate Deferred Amount. (iii) The related Non-PO Percentage of the principal portion of Realized Losses on the Group I Mortgage Loans will be allocated on any Distribution Date as follows: first, to the Class I-B-6 Certificates; second, to the Class I-B-5 Certificates; third, to the Class I-B-4 Certificates; fourth, to the Class I-B-3 Certificates; fifth, to the Class I-B-2 Certificates; and sixth, to the Class I-B-1 Certificates, in each case until the respective Class Certificate Balance Current Principal Amount of each such Class is has been reduced to zero. (iv) Thereafter, the related Non-PO Percentage of the principal portion of Realized Losses on the Group I Mortgage Loans will be allocated on any Distribution Date first, to the Class I-A-2 Certificates until the Current Principal Amount of that Class has been reduced to zero, and second then to the Senior Class I-A-1 Certificates and the Exchanged Certificates, on a pro ratarata basis. (v) Notwithstanding the foregoing, no such allocation of any Realized Loss shall be made on a Distribution Date to any Class of Group I Certificates (other than the Class I-X Certificates) to the extent that such allocation would result in the reduction of the aggregate Current Principal Amounts of all the Group I Certificates (other than the Class I-X Certificates) as of such Distribution Date, after giving effect to all distributions and prior allocations of Realized Losses on the Group I Mortgage Loans on such date, to an amount less than the aggregate Scheduled Principal Balance of all of the Group I Mortgage Loans as of the first day of the month of such Distribution Date (such limitation, the “Group I Loss Allocation Limit”). (b) Group II Certificates (i) Realized Losses with respect to a Group II Mortgage Loan will be allocated on a pro rata basis of their respective Class Certificate Balances immediately prior to between the related Distribution Date; andPO Percentage of the Scheduled Principal Balance of such Group II Mortgage Loan and the related Non-PO Percentage of such Scheduled Principal Balance. (ii) On each Distribution Date, the related PO Percentage of the principal portion of any Excess Losses shall Realized Loss on a Discount Mortgage Loan in Loan Group II and any Class II-PO Certificate Cash Shortfall will be allocated pro rata among the Senior Certificates in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date. Excess Losses allocated to the Senior Class II-PO Certificates until the Current Principal Amount of the Class II-PO Certificates is reduced to zero. With respect to any Distribution Date through the Group II Cross-Over Date, the aggregate of all amounts so allocable to the Class II-PO Certificates on such date in respect of any Realized Losses and any Class II-PO Certificate Cash Shortfalls and all amounts previously allocated in respect of such Realized Losses or Class II-PO Certificate Cash Shortfalls and not distributed on prior Distribution Dates will be allocated among such Classes pro rata the “Class II-PO Certificate Deferred Amount.” To the extent funds are available therefor on any Distribution Date through the Group II Cross-Over Date, distributions in respect of the Class II-PO Certificate Deferred Amount for the Class II-PO Certificates from Available Funds will be made in accordance with priority fifth of clause (i) above. No interest shall accrue on the basis of their respective Class II-PO Certificate Balances. (b) The Class Certificate Balance Deferred Amount. On each Distribution Date through the Group II Cross-Over Date, the Current Principal Amount of the lowest ranking Class of Subordinate Certificates then outstanding will be reduced by the amount of any distributions in respect of any Class II-PO Certificate Deferred Amount on such Distribution Date in accordance with the highest numerical priorities set forth above, through the operation of the Group II Subordinate Certificate Writedown Amount. After the Group II Cross-Over Date, no more distributions will be made in respect of, and applicable Realized Losses and Class designation II-PO Certificate Cash Shortfalls allocable to the Class II-PO Certificates will not be added to, the Class II-PO Certificate Deferred Amount. (iii) The related Non-PO Percentage of the principal portion of Realized Losses on the Group II Mortgage Loans will be allocated on any Distribution Date as follows: first, to the Class II-B-6 Certificates; second, to the Class II-B-5 Certificates; third, to the Class II-B-4 Certificates; fourth, to the Class II-B-3 Certificates; fifth, to the Class II-B-2 Certificates; and sixth, to the Class II-B-1 Certificates, in each case until the Current Principal Amount of such Class has been reduced to zero. (iv) Thereafter, the related Non-PO Percentage of the principal portion of Realized Losses on the Group II Mortgage Loans will be allocated on any Distribution Date first, to the Class II-A-2 Certificates until the Current Principal Amount of that Class has been reduced to zero, and then to the Class II-A-1 Certificates. (v) Notwithstanding the foregoing, no such allocation of any Realized Loss shall be reduced made on each a Distribution Date by to any Class of Group II Certificates (other than the amount, if any, by which Class II-X Certificates) to the extent that such allocation would result in the reduction of the aggregate Current Principal Amounts of all the Group I Certificates (other than the Class Certificate Balances II-X Certificates) as of all outstanding Classes of Certificates (such Distribution Date, after giving effect to the amount to be distributed as a distribution of principal all distributions and the allocation prior allocations of Realized Losses on the Group II Mortgage Loans on such date, to an amount less than the aggregate Scheduled Principal Balance of all of the Group II Mortgage Loans as of the first day of the month of such Distribution Date) exceeds the Adjusted Pool Amount for Date (such Distribution Date. After the Senior Credit Support Depletion Datelimitation, the Class Certificate Balances of the Senior Certificates in the aggregate shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates based on the Class Certificate Balances immediately prior to such Distribution Date“Group II Loss Allocation Limit”). (c) Any Realized Loss Losses allocated to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the related Certificates of such Class (other than the Interest Only Certificates) in proportion to their respective Percentage Interests. (d) Current Principal Amounts. Any allocation of Realized Losses to a Class of Certificates or any reduction in the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished by reducing the Class Certificate Balance thereof prior to Current Principal Amount of the distributions made related Certificates on the related Distribution Date. (d) Realized Losses shall be allocated on the Distribution Date in accordance with the definition month following the month in which such loss was incurred and, in the case of "Class Certificate Balancethe principal portion thereof, after giving effect to distributions made on such Distribution Date." (e) With respect to any On each Distribution Date, Realized Losses allocated pursuant the Trustee shall determine the Group I Subordinate Certificate Writedown Amount and the Group II Subordinate Certificate Writedown Amount. Any Group I Subordinate Certificate Writedown Amount shall effect a corresponding reduction in the Current Principal Amount of (i) if prior to this Section 5.03 the Group I Cross-Over Date, the Current Principal Amounts of the Group I Subordinate Certificates, in the reverse order of their numerical Class designations and (ii) from and after the Group I Cross-Over Date, the Group I Senior Certificates, in accordance with priorities set forth in clause (b) above, which reduction shall occur on such Distribution Date after giving effect to distributions made on such Distribution Date. Any Group II Subordinate Certificate Writedown Amount shall effect a corresponding reduction in the Current Principal Amount of (i) if prior to the Group II Cross-Over Date, the Current Principal Amounts of the Group II Subordinate Certificates, in the reverse order of their numerical Class designations and (ii) from and after the Group II Cross-Over Date, the Group II Senior Certificates, in accordance with priorities set forth in clause (b) above, which reduction shall occur on such Distribution Date after giving effect to distributions made on such Distribution Date. (f) Any Net Interest Shortfall will be allocated to each Uncertificated Lower-Tier Interest among the Classes of Certificates in an amount equal proportion to the respective amounts of Accrued Certificate Interest that would have been allocated thereto in the absence of such Net Interest Shortfall for such Distribution Date. The interest portion of any Realized Losses with respect to the Group I Mortgage Loans or Group II Mortgage Loans occurring on or prior to the Group I Cross-Over Date or Group II Cross-Over Date, respectively, will not be allocated among any Certificates, but will reduce the amount allocated to its respective Corresponding Upperof Group I Available Funds or Group II Available Funds, respectively, on the related Distribution Date. As a result of the subordination of the Group I Subordinate Certificates and Group II Subordinate Certificates in right of distribution, such Realized Losses on the Group I Mortgage Loans and Group II Mortgage Loans will be borne by the Group I Subordinate Certificates and Group II Subordinate Certificates, in inverse order of their numerical Class designations. Following the Group I Cross-Tier Class as provided aboveOver Date, the interest portion of Realized Losses on the Group I Mortgage Loans will be borne by the Group I Senior Certificates. Following the Group I Cross-Over Date, the interest portion of Realized Losses on the Group I Mortgage Loans will be borne by the Group I Senior Certificates.

Allocation of Losses. (a) On or No later than five (5) Business Days prior to each Determination the related Distribution Date, the Master Servicer shall inform the Trustee Securities Administrator in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, a Debt Service Reduction, Reduction or the result of a Fraud Loss or a Special Hazard LossServicer Modification, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction or the reduction in the unpaid principal balance of a Mortgage Loan due to a Servicer Modification and (3) with respect to each Loan Group, the sum, with respect to each Mortgage Loan in each Group, of the total amount of Realized LossesLosses on such Mortgage Loan. Based on such information, the Trustee Securities Administrator shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes of Certificates, pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis operation of their respective Class Certificate BalancesSection 5.04(b). (b) The Class Certificate Balance of the Class of Subordinate Class ▇-▇ Certificates or Class X-B Certificates, as the case may be, then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of related Senior Certificates and related Subordinated Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount Amounts for all Loan Groups in Loan Group J or Loan Group X, as applicable, for such Distribution Date. After the Senior Credit Support Depletion DateDate for Group J or Group X, as the case may be, the Class Certificate Balances of the Senior Certificates of each Related Group in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the Adjusted Pool Amount for the Related Loan Group for such Distribution Date. Any such reduction or increase shall be allocated among the Senior Certificates of such Group based on the Class Certificate Balances immediately prior to such Distribution DateDate until the Class Certificate Balances thereof have been reduced to zero. Realized Losses allocated to the Class 3-A-1, Class 3-A-2 and Class 3-A-3 Certificates will reduce the Class 3-A-4 Notional Amount. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b5.04(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Subordinated Certificates with respect to a Distribution Date (the “Calculated Principal Distribution”) shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Subordinated Certificates shall be made subsequent to the allocation of Realized Losses to a Class of Certificates or any reduction in the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished by reducing the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "Class Certificate Balance." (e) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class as provided above.for such Distribution

Allocation of Losses. (a) On or No later than five (5) Business Days prior to each Determination the related Distribution Date, the Master Servicer shall inform the Trustee Securities Administrator in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans in each Loan Group. Based on such information, the Trustee Securities Administrator shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans in each Loan Group with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis operation of their respective Class Certificate BalancesSection 5.03(b). (b) The Component Balance of the Class PO Component of a Group shall be reduced on each Distribution Date by the amount, if any, by which the Component Balance of such Class PO Component (after giving effect to the amounts to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for such Loan Group for such Distribution Date. The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses the Class PO Deferred Amounts on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount Amounts (Non-PO Portion) for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates and Component Balance of the Class A Component of a Group in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates and Component Balance of the Class A Component of such Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the Adjusted Pool Amount (Non-PO Portion) for the Related Loan Group for such Distribution Date. Any such reduction or increase shall be allocated among the Senior Certificates and Class A Component of such Group based on the Class Certificate Balances or Component Balance immediately prior to such Distribution DateDate until the Class Certificate Balances or Component Balance thereof have been reduced to zero. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Subordinate Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinate Certificates or is greater than the Class Certificate Balance of such Class, the excess shall be distributed first, sequentially, to the Classes of Subordinate Certificates then outstanding (beginning with the Class of Subordinate Certificates then outstanding with the lowest numerical designation) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Senior Certificates of the related Group, pro rata, in accordance with the priorities set forth in Section 5.02. (e) After the Senior Credit Support Depletion Date, on any reduction Distribution Date on which the Class 1-A-4 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 1-A-4 Certificates will be reduced by the Class 1-A-4 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 1-A-1 Certificates will not be reduced by the Class 1-A-4 Loss Allocation Amount. Any increase in the Class Certificate Balance allocated to the Class 1-A-1 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 1-A-4 Certificates. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 2-A-4 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 2-A-4 Certificates will be reduced by the Class 2-A-4 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 2-A-1 Certificates will not be reduced by the Class 2-A-4 Loss Allocation Amount. Any increase in the Class Certificate Balance allocated to the Class 2-A-1 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class 2-A-4 Certificates. (f) Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance of a Class will be increased on any Distribution Date such that the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished by reducing the exceeds its Initial Class Certificate Balance thereof less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates (excluding in the case of any Class of Subordinate Certificates any principal otherwise payable to the distributions made on the related Distribution Date in accordance with the definition such Class of "Subordinate Certificates but used to pay any Class Certificate BalancePO Deferred Amount)." (eg) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest as described in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class as provided aboveSection 5.02(a).

Allocation of Losses. (a) On or prior to each Determination Date, the Master Servicer shall inform determine the Trustee in writing with respect to each Mortgage Loan: (1) whether amount of any Realized Loss is a Deficient Valuationin respect of each Mortgage Loan that occurred during the immediately preceding calendar month, a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, based on information provided by the Servicer. (2b) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized Losses. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall a Mortgage Loan will be allocated as follows:on a pro rata basis between the PO Percentage of the Scheduled Principal Balance of such Mortgage Loan and the Non-PO Percentage of such Scheduled Principal Balance. (ic) On each Distribution Date, the PO Percentage of the principal portion of any Realized Loss (other than an Excess Loss) shall on a Discount Mortgage Loan and any Class PO Certificate Cash Shortfall will be allocated first to the Subordinate Principal Only Certificates until the Current Principal Amount of those Principal Only Certificates is reduced to zero. With respect to any Distribution Date through the Cross-Over Date, the aggregate of all amounts so allocable to a class of Principal Only Certificates on such date in reverse order respect of their respective numerical any Realized Losses and any related Class designations (beginning PO Certificate Cash Shortfall and all amounts previously allocated in respect of such Realized Losses or Class PO Certificate Cash Shortfall and not distributed on prior Distribution Dates will be the "Class PO Certificate Deferred Amount." To the extent funds are available therefor on any Distribution Date through the Cross-Over Date, distributions in respect of the Class PO Certificate Deferred Amount for the Class PO Certificates will be made in accordance with priority FIFTH of Section 6.01(a)(i). No interest will accrue on the Class PO Certificate Deferred Amount. On each Distribution Date through the Cross-Over Date, the Current Principal Amount of the lowest ranking Class of Subordinate Certificates then outstanding will be reduced by the amount of any distributions in respect of any Class PO Certificate Deferred Amount on such Distribution Date which would have been paid as principal in accordance with the highest numerical priorities set forth above, through the operation of the Subordinate Certificate Writedown Amount. After the Cross-Over Date, no more distributions will be made in respect of, and applicable Realized Losses and Class designationPO Certificate Cash Shortfalls allocable to the Principal Only Certificates will not be added to, the Class PO Certificate Deferred Amount. (d) The Non-PO Percentage of the principal portion of Realized Losses on the Mortgage Loans will be allocated on any Distribution Date as follows: first, to the Class B-6 Certificates; second, to the Class B-5 Certificates; third, to the Class B-4 Certificates; fourth, to the Class B-3 Certificates; fifth, to the Class B-2 Certificates; and sixth, to the Class B-1 Certificates, in each case until the respective Class Certificate Balance Current Principal Amount of each such Class is class has been reduced to zero, and second to the Senior Certificates, pro rata, on the basis . The applicable Non-PO Percentage of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall Loss for any Distribution Date will be allocated pro rata among the Senior Certificates in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate Balances. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (other than the Principal Only Certificates and the Interest Only Certificates) based on their Current Principal Amounts. Once the Subordinate Certificates have been reduced to zero, the principal portion of Realized Losses on the Mortgage Loans (if any) will be allocated on a pro rata basis to the remaining Senior Certificates (other than the Interest Only Certificates) based on their respective Current Principal Amounts. (e) Notwithstanding the foregoing clause (d), no such allocation of any Realized Loss shall be made on a Distribution Date to any Class of Certificates to the extent that such allocation would result in the reduction of the aggregate Current Principal Amounts of all the Certificates as of such Distribution Date, after giving effect to the amount to be distributed as a distribution of principal all distributions and the allocation prior allocations of Realized Losses on the Mortgage Loans on such date, to an amount less than the aggregate Scheduled Principal Balance of all of the Mortgage Loans as of the first day of the month of such Distribution Date) exceeds the Adjusted Pool Amount for Date (such Distribution Date. After the Senior Credit Support Depletion Datelimitation, the Class Certificate Balances of the Senior Certificates in the aggregate shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates based on the Class Certificate Balances immediately prior to such Distribution Date"Loss Allocation Limit"). (cf) Any Realized Loss Losses allocated to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class (other than the Interest Only Certificates) in proportion to their respective Percentage Interests. Current Principal Amounts; provided that, in determining the Current Principal Amount of the Accrual Certificates for the purpose of allocating any portion of a Realized Loss thereto, the Current Principal Amount of the Accrual Certificates shall be deemed to be the lesser of (da) the original Current Principal Amount of such Class of Certificates and (b) the Current Principal amount of such Class of Certificates prior to giving effect to distributions made on such Distribution Date. Any allocation of Realized Losses to a Class of Certificates or any reduction in the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished by reducing the Class Certificate Balance thereof prior to Current Principal Amount of the distributions made related Certificates on the related Distribution Date. (g) Realized Losses shall be allocated on the Distribution Date in the month following the month in which such loss was incurred and, in the case of the principal portion thereof, after giving effect to distributions made on such Distribution Date. (h) On each Distribution Date, the Securities Administrator shall determine and notify the Trustee of the Subordinate Certificate Writedown Amount. Any Subordinate Certificate Writedown Amount shall effect a corresponding reduction in the Current Principal Amount of (i) if prior to the Cross-Over Date, the Current Principal Amounts of the Subordinate Certificates, in the reverse order of their numerical Class designations and (ii) from and after the Cross-Over Date, the Senior Certificates (other than the Interest Only Certificates), in accordance with the definition of "Class Certificate Balancepriorities set forth in clause (b) above, which reduction shall occur on such Distribution Date after giving effect to distributions made on such Distribution Date." (ei) With Any Net Interest Shortfall will be allocated among the Classes of Certificates in proportion to the respective amounts of Accrued Certificate Interest that would have been allocated thereto in the absence of such Net Interest Shortfall for such Distribution Date. The interest portion of any Realized Losses with respect to the Mortgage Loans occurring on or prior to the Cross-Over Date will not be allocated among any Certificates, but will reduce the amount of Available Funds on the related Distribution Date. As a result of the subordination of the Subordinate Certificates in right of distribution, such Realized Losses on the Mortgage Loans will be borne by the Subordinate Certificates, in inverse order of their numerical Class designations. Following the Cross- Over Date, the interest portion of Realized Losses on the Mortgage Loans will be allocated to the Senior Certificates in the manner described in the first sentence of this clause (i). (j) Any Deficient Valuation will on each Distribution Date be allocated solely to the Subordinate Certificates until the Bankruptcy Coverage Termination Date. The Bankruptcy Loss Amount and the related coverage levels may be reduced or modified upon written confirmation from the related Rating Agencies that such reduction or modification will not adversely affect the then current ratings of the Senior Certificates by the related Rating Agencies. Such reduction may adversely affect the coverage provided by subordination with respect to Bankruptcy Losses. Any Fraud Loss will on each Distribution Date be allocated solely to the Subordinate Certificates until the Fraud Coverage Termination Date. Any Special Hazard Loss will on each Distribution Date be allocated solely to the outstanding Subordinate Certificates until the Special Hazard Termination Date. (k) In addition, in the event that the Master Servicer receives any Subsequent Recoveries from the Servicer, the Master Servicer shall deposit such funds into the Master Servicer Collection Account pursuant to Section 4.02. If, after taking into account such Subsequent Recoveries, the amount of a Realized Loss is reduced, the amount of such Subsequent Recoveries will be applied to increase the Current Principal Amount of the Class of Subordinate Certificates with the highest payment priority to which Realized Losses have been allocated, but not by more than the amount of Realized Losses previously allocated to that Class of Subordinate Certificates pursuant to this Section 5.03 6.02. The amount of any remaining Subsequent Recoveries will be allocated applied to each Uncertificated Lower-Tier Interest in an amount equal sequentially increase the Current Principal Amount of the Subordinate Certificates, beginning with the Class of Subordinate Certificates with the next highest payment priority, up to the amount of such Realized Losses previously allocated to such Class of Certificates pursuant to this Section 6.02. Holders of such Certificates will not be entitled to any payment in respect of current interest on the amount of such increases for any Interest Accrual Period preceding the Distribution Date on which such increase occurs. Any such increases shall be applied to the Current Principal Amount of each Subordinate Certificate of such Class in accordance with its respective Corresponding Upper-Tier Class as provided aboveFractional Undivided Interest.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized LossesLosses on the Mortgage Loans. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses on the Mortgage Loans with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis operation of their respective Class Certificate BalancesSection 5.03(b). (b) The Class Certificate Balance of the Class of Subordinate 30-PO Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the Class Certificate Balance of the Class 30-PO Certificates (after giving effect to the amount to be distributed as a distribution of principal on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for such Distribution Date. The Class Certificate Balance of the Class of Class B Certificates then outstanding with the highest numerical Class designation shall be reduced or increased on each Distribution Date by the amount, if any, necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (but not the Class 30-PO Certificates) and Class B Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses the Class PO Deferred Amounts on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount Amounts (Non-PO Portion) for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates (other than the Class 30-PO Certificates) in the aggregate shall be reduced or increased on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (other than the Class 30-PO Certificates) (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the Adjusted Pool Amount (Non-PO Portion) for such Distribution Date. Any such reduction or increase shall be allocated among the Senior Certificates (other than the Class 30-PO Certificates), based on the Class Certificate Balances immediately prior to such Distribution DateDate or, in the case of the Class A-6 Certificates, the Initial Class Certificate Balance, if lower, until the Class Certificate Balances thereof have been reduced to zero. (c) Any Realized Loss allocated to a Class of Certificates reduction or any reduction increase in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Class B Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, the actual payment of principal to the Classes of Class B Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Class B Certificates or is greater than the Class Certificate Balance of such Class, the excess shall be distributed first, sequentially, to the Classes of Class B Certificates, then outstanding (beginning with the Class of Class B Certificates, then outstanding with the lowest numerical designation) until the respective Class Certificate Balance of each such Class is reduced to zero and then to the Senior Certificates (other than the Class 30-PO Certificates), pro rata, on the basis of their respective Class Certificate Balances. (e) After the Senior Credit Support Depletion Date, on any reduction Distribution Date on which the Class A-14 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class A-14 Certificates will be reduced by the Class A-14 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class A-1 Certificates will not be reduced by the Class A-14 Loss Allocation Amount. Any increase in the Class Certificate Balance allocated to the Class A-1 Certificates pursuant to Section 5.03(b) will instead increase the Class Certificate Balance of the Class A-14 Certificates. (f) Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall will be accomplished by reducing increased on any Distribution Date such that the Class Certificate Balance thereof prior of such Class exceeds its Initial Class Certificate Balance (plus, in the case of the Class A-6 Certificates, any Class A-6 Accrual Distribution Amounts previously added to the distributions made on the related Distribution Date in accordance with the definition of "Class Certificate Balance) less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates (excluding in the case of any Class of Class B Certificates any principal otherwise payable to such Class of Class B Certificates but used to pay any Class PO Deferred Amount)." (eg) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest as described in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class as provided aboveSection 5.02(a).

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized Losses. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. The principal portion of Realized Losses with With respect to any Distribution Date Date, the Principal Balances of the Classes of Certificates shall be allocated as follows: (i) reduced by allocating the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first Shortfalls in reduction of the Principal Balances of the Classes of Certificates in the following order of priority: first, to the Subordinate Certificates in reverse order of Class B-2 Certificates, until their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Principal Balance of each such Class is has been reduced to zero; second, and second to the Senior Class B-1 Certificates, until their Principal Balance has been reduced to zero; and third, concurrently, to the Class A Certificates, pro rata, on until their Principal Balances have been reduced to zero. The calculation of the basis amount to be distributed as principal to any Class of their respective Class Certificate Balances immediately B Certificates with respect to a Distribution Date (the “Calculated Principal Distribution”) shall be made prior to the related allocation of any Realized Loss Shortfall for such Distribution Date; and (ii) provided, however, the actual payment of principal portion of any Excess Losses to the Class B Certificates shall be allocated pro rata among made subsequent to the Senior allocation of Realized Loss Shortfalls for such Distribution Date. In the event that after the allocation of Realized Loss Shortfalls for a Distribution Date, the Calculated Principal Distribution for a Class of Class B Certificates in is greater than the aggregate on Principal Balance of such Class, the basis of their aggregate principal balance and among excess shall be distributed to the Classes of Subordinate Class A Certificates and any Class of Class B Certificates with a lower numerical designation, pro rata, based on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate outstanding Principal Balances. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates in the aggregate shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss Shortfalls allocated to a Class of Class A Certificates or any reduction in the Class Certificate Balance of a Class of B Certificates pursuant to Section 5.03(b4.02(a) above shall be allocated among the Certificates of such Class in proportion to based on their respective Percentage Interests. (dc) Any allocation After the Class B Principal Balance has been reduced to zero, the interest portion of Realized Losses to a Class of Certificates or any reduction in the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished by reducing the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "Class Certificate Balance." (e) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 Loss Shortfalls will be allocated to each Uncertificated Lower-Tier among the outstanding Classes of Class A Certificates based upon their Class A Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class as provided abovePercentages.

Allocation of Losses. (a) On or prior to each Determination Date, the Servicer shall inform the Trustee in writing with respect to each Mortgage Loan: (1) whether any Realized Loss is a Deficient Valuation, a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized Losses. Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of the principal portion of any Realized Loss with respect to a Discount Mortgage Loan, including any Excess Loss, shall be allocated to the Class A-PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1) the applicable Non-PO Percentage of the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates (other than the Class A-PO Certificates), pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution DateDate or, in the case of the Class A-3 Certificates, the Initial Class Certificate Balance, if lower, until the Class Certificate Balances thereof have been reduced to zero; and (ii2) the applicable Non-PO Percentage of the principal portion of any Excess Losses shall be allocated pro rata among the Senior Certificates (other than the Class A-PO Certificates) in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date. Excess Losses allocated to the Senior Certificates (other than the Class A-PO Certificates) will be allocated among such Classes pro rata on the basis of their respective Class Certificate BalancesBalances or, in the case of the Class A-3 Certificates, the Initial Class Certificate Balance, if lower. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses and Class A-PO Deferred Amounts on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates in the aggregate (other than the Class Certificate Balance of the Class A-PO Certificates) shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (other than Class A-PO Certificates) (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the difference between (i) the Adjusted Pool Amount for such Distribution Date and (ii) the Adjusted Pool Amount (PO Portion) for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates (other than the Class A-PO Certificates) based on the Class Certificate Balances immediately prior to such Distribution Date or, in the case of the Class A-3 Certificates, the Initial Class Certificate Balance, if lower. After the Senior Credit Support Depletion Date, the Class Certificate Balance of the Class A-PO Certificates shall be reduced on each Distribution Date by the amount, if any, by which the Class Certificate Balance of the Class A-PO Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for such Distribution Date. Any such reduction shall be allocated among the Senior Certificates based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. . (d) Any allocation of Realized Losses to a Class of Certificates or any reduction in the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished by reducing the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "Class Certificate Balance." (e) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class as provided above.

Allocation of Losses. (a) On or prior to the 10th calendar day of each Determination Datemonth, the each Servicer shall inform the Trustee Master Servicer in writing with respect to each Mortgage LoanLoan it services: (1) whether any Realized Loss is a Deficient Valuation, Valuation or a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized Losses. Based The Master Servicer shall provide such information to the Certificate Administrator and, based on such information, the Trustee Certificate Administrator shall determine and allocate the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. The principal portion of Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the principal portion of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinate Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the Senior Certificates, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall be allocated pro rata among to the Senior Certificates by a reduction in the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of their respective Class Certificate Balances immediately prior of the designated Classes pursuant to the related Distribution Date. Excess Losses allocated to the Senior Certificates will be allocated among such Classes pro rata on the basis of their respective Class Certificate BalancesSection 5.03(b) below. (b) The Class Certificate Balance of the Class of Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the amount, if any, by which necessary such that the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds equals the sum of the Adjusted Pool Amount Amounts for such Distribution Date. After the Senior Credit Support Depletion Date, the Class Certificate Balances of the Senior Certificates of the Related Loan Group in the aggregate shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates of such Related Loan Group (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on the Mortgage Loans in the Related Loan Group on such Distribution Date) exceeds the Adjusted Pool Amount for such Loan Group and such Distribution Date. Any such reduction shall be allocated among the Classes of Senior Certificates of the Related Group pro rata based on the Class Certificate Balances immediately prior to such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Balance of a Class of Certificates pursuant to Section 5.03(b) above shall be allocated among the Certificates of such Class pro rata in proportion to their respective Percentage Interests. (d) Any The calculation of the amount to be distributed as principal to any Class of Certificates with respect to a Distribution Date (the “Calculated Principal Distribution”) shall be made prior to the allocation of any Realized Losses for such Distribution Date; provided, however, that the actual distribution of principal to the Classes of Certificates shall be made subsequent to the allocation of Realized Losses to for such Distribution Date. In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinated Certificates is greater than the Class Certificate Balance of such Class, the excess shall be distributed pro rata to the Classes of Subordinate Certificates in accordance with their remaining Class Certificate Balances. (e) After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 1-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 1-A-2 Certificates will be reduced by the Class 1-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 1-A-1 Certificates will not be reduced by the Class 1-A-2 Loss Allocation Amount. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 2-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 2-A-2 Certificates will be reduced by the Class 2-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balances of the Class 2-A-1 Certificates will not be reduced by the Class 2-A-2 Loss Allocation Amount. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 3-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 3-A-2 Certificates will be reduced by the Class 3-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 3-A-1 Certificates will not be reduced by the Class 3-A-2 Loss Allocation Amount. After the Senior Credit Support Depletion Date, on any Distribution Date on which the Class 4-A-2 Loss Allocation Amount is greater than zero, the Class Certificate Balance of the Class 4-A-2 Certificates will be reduced by the Class 4-A-2 Loss Allocation Amount and, notwithstanding Section 5.03(b), the Class Certificate Balance of the Class 4-A-1 Certificates will not be reduced by the Class 4-A-2 Loss Allocation Amount. (f) If, after taking into account any Subsequent Recoveries, the amount of a Realized Loss is reduced, the amount of such Subsequent Recoveries will be applied to increase the Class Certificate Balance of the Class of Certificates with the highest payment priority to which Realized Losses have been allocated, but not by more than the amount of Realized Losses previously allocated to that Class of Certificates pursuant to this Section 5.03. The amount of any remaining Subsequent Recoveries will be applied to sequentially increase the Class Certificate Balance of the Certificates, beginning with the Class of Certificates with the next highest payment priority, up to the amount of such Realized Losses previously allocated to such Class or Classes of Certificates pursuant to this Section 5.03. Holders of such Certificates will not be entitled to any reduction payments in respect of current interest on the amount of such increases for any Interest Accrual Period preceding the Distribution Date on which such increase occurs. Any such increases shall be applied to the Class Certificate Balance of each Certificate of such Class in accordance with its respective Fractional Interest. (g) Notwithstanding any other provision of this Section 5.03, no Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall will be accomplished by reducing increased on any Distribution Date such that the Class Certificate Balance thereof prior to the distributions made on the related Distribution Date in accordance with the definition of "such Class exceeds its Initial Class Certificate BalanceBalance less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates." (e) With respect to any Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will be allocated to each Uncertificated Lower-Tier Interest in an amount equal to the amount allocated to its respective Corresponding Upper-Tier Class as provided above.

Allocation of Losses. (a) On or prior to each Determination Date, the Master Servicer shall inform determine the Trustee in writing with respect to each Mortgage Loan: (1) whether amount of any Realized Loss is a Deficient Valuationin respect of each Mortgage Loan that occurred during the immediately preceding calendar month, a Debt Service Reduction, a Fraud Loss or a Special Hazard Loss, (2) of the amount of such loss or Deficient Valuation, or of the terms of such Debt Service Reduction and (3) of the total amount of Realized Losses. Based based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to information provided by the related Distribution Date. The principal portion of Servicer. (a) Group I Certificates (i) Realized Losses with respect to any Distribution Date shall a Group I Mortgage Loan will be allocated as follows:on a pro rata basis between the PO Percentage of the Scheduled Principal Balance of such Group I Mortgage Loan and the Non-PO Percentage of such Scheduled Principal Balance. (iii) On each Distribution Date, the Group I PO Percentage of the principal portion of any Realized Loss (other than an and Excess Loss) shall Loss on a Discount Mortgage Loan and any Class I-PO Certificate Cash Shortfall will be allocated first to the Subordinate Class I-PO Certificates in reverse order until the Current Principal Amount of their respective numerical Class designations (beginning with the Class I-PO Certificates is reduced to zero. With respect to any Distribution Date through the Group I Cross-Over Date, the aggregate of all amounts so allocable to the Class I-PO Certificates on such date in respect of any Realized Losses and Excess Loss and any Class I-PO Certificate Cash Shortfalls and all amounts previously allocated in respect of such Realized Losses and Excess Loss or Class I-PO Certificate Cash Shortfalls and not distributed on prior Distribution Dates will be the “Class I-PO Certificate Deferred Amount.” To the extent funds are available therefor on any Distribution Date through the Group I Cross-Over Date, distributions in respect of the Class I-PO Certificate Deferred Amount for the Class I-PO Certificates will be made in accordance with priority fifth of clause (i) above. No interest shall accrue on the Class I-PO Certificate Deferred Amount. On each Distribution Date through the Group I Cross-Over Date, the Current Principal Amount of the lowest ranking Class of Group I Subordinate Certificates then outstanding will be reduced by the amount of any distributions in respect of any Class I-PO Certificate Deferred Amount on such Distribution Date in accordance with the highest numerical priorities set forth above, through the operation of the Group I Subordinate Certificate Writedown Amount. After the Group I Cross-Over Date, no more distributions will be made in respect of, and applicable Realized Losses and Class designationI-PO Certificate Cash Shortfalls allocable to the Class I-PO Certificates will not be added to, the Class I-PO Certificate Deferred Amount. (iii) The Group I Non-PO Percentage of the principal portion of Realized Losses on the Group I Mortgage Loans will be allocated on any Distribution Date as follows: first, to the Class I-B-6 Certificates; second, to the Class I-B-5 Certificates; third, to the Class I-B-4 Certificates; fourth, to the Class I-B-3 Certificates; fifth, to the Class I-B-2 Certificates; and sixth, to the Class I-B-1 Certificates, in each case until the respective Class Certificate Balance Current Principal Amount of each such Class is has been reduced to zero, and second to the Senior Certificates, pro rata, on the basis . The applicable Group I Non-PO Percentage of their respective Class Certificate Balances immediately prior to the related Distribution Date; and (ii) the principal portion of any Excess Losses shall Loss with respect to Group I Mortgage Loans for any Distribution Date will be allocated pro rata among all outstanding Classes of Group I Certificates (other than the Class I-PO Certificates and the Class I-X Certificates) based on their Current Principal Amounts. Thereafter, the principal portion of Realized Losses on the Group I Mortgage Loans will be allocated on any Distribution Date to the outstanding Class or Classes of Group I Senior Certificates in (other than the aggregate on the basis of their aggregate principal balance and among the Classes of Subordinate Certificates on the basis of Class I-X Certificates), pro rata, based upon their respective Class Certificate Balances immediately prior Current Principal Amounts; provided, however, that the amount of any Realized Losses otherwise allocable to the related Distribution Date. Excess Losses Class I-A-6 Certificates shall be allocated to the Senior Class I-A-7 Certificates, until the Current Principal Amount thereof has been reduced to zero, and then to the Class I-A-6 Certificates; provided further however that the amount of any Realized Losses otherwise allocable to the Class I-A-3 Certificates will shall be allocated among to the Class I-A-4 Certificates, until the Current Principal Amount thereof has been reduced to zero, and then to the Class I-A-3 Certificates. (iv) Notwithstanding the foregoing, no such Classes pro rata allocation of any Realized Loss shall be made on a Distribution Date to any Class of Group I Certificates to the extent that such allocation would result in the reduction of the aggregate Current Principal Amounts of all the Group I Certificates as of such Distribution Date, after giving effect to all distributions and prior allocations of Realized Losses on the basis Group I Mortgage Loans on such date, to an amount less than the aggregate Scheduled Principal Balance of their respective Class Certificate Balancesall of the Group I Mortgage Loans as of the first day of the month of such Distribution Date (such limitation, the “Group I Loss Allocation Limit”). (b) The Group II Certificates (i) Realized Losses with respect to a Group II Mortgage Loan will be allocated on a pro rata basis between the PO Percentage of the Scheduled Principal Balance of such Group II Mortgage Loan and the Non-PO Percentage of such Scheduled Principal Balance. (ii) On each Distribution Date, the Group II PO Percentage of the principal portion of any Realized Loss and Excess Loss on a Discount Mortgage Loan and any Class II-PO Certificate Balance Cash Shortfall will be allocated to the Class II-PO Certificates until the Current Principal Amount of the Class II-PO Certificates is reduced to zero. With respect to any Distribution Date through the Group II Cross-Over Date, the aggregate of all amounts so allocable to the Class II-PO Certificates on such date in respect of any Realized Losses and Excess Loss and any Class II-PO Certificate Cash Shortfalls and all amounts previously allocated in respect of such Realized Losses and Excess Loss or Class II-PO Certificate Cash Shortfalls and not distributed on prior Distribution Dates will be the “Class II-PO Certificate Deferred Amount.” To the extent funds are available therefor on any Distribution Date through the Group II Cross-Over Date, distributions in respect of the Class II-PO Certificate Deferred Amount for the Class II-PO Certificates will be made in accordance with priority fifth of clause (i) above. No interest shall accrue on the Class II-PO Certificate Deferred Amount. On each Distribution Date through the Group II Cross-Over Date, the Current Principal Amount of the lowest ranking Class of Group II Subordinate Certificates then outstanding will be reduced by the amount of any distributions in respect of any Class II-PO Certificate Deferred Amount on such Distribution Date in accordance with the highest numerical priorities set forth above, through the operation of the Group II Subordinate Certificate Writedown Amount. After the Group II Cross-Over Date, no more distributions will be made in respect of, and applicable Realized Losses and Class designation II-PO Certificate Cash Shortfalls allocable to the Class II-PO Certificates will not be added to, the Class II-PO Certificate Deferred Amount. (iii) The Group II Non-PO Percentage of the principal portion of Realized Losses on the Group II Mortgage Loans shall be reduced allocated on each any Distribution Date by as follows: first, to the amountClass II-B-6 Certificates; second, if anyto the Class II-B-5 Certificates; third, by which to the aggregate Class II-B-4 Certificates; fourth, to the Class II-B-3 Certificates; fifth, to the Class II-B-2 Certificates; and sixth, to the Class II-B-1 Certificates, in each case until the Current Principal Amount of such Class has been reduced to zero. The applicable Group II Non-PO Percentage of the Class Certificate Balances principal portion of any Excess Loss with respect to Group II Mortgage Loans for any Distribution Date will be allocated pro rata among all outstanding Classes of Group II Certificates (other than the Class II-A-5, Class II-PO and Class II-X Certificates) based on their Current Principal Amounts. Thereafter, the principal portion of Realized Losses on the Group II Mortgage Loans will be allocated on any Distribution Date to the outstanding Class or Classes of Group II Senior Certificates (other than the Class II-A-5 Certificates and Class II-X Certificates), pro rata, based upon their respective Current Principal Amounts; provided, however, that the amount of any Realized Losses otherwise allocable to the Class II-A-10 Certificates shall be allocated to the Class II-A-3 Certificates, until the Current Principal Amount thereof has been reduced to zero, and then to the Class II-A-10 Certificates. (iv) Notwithstanding the foregoing, no such allocation of any Realized Loss shall be made on a Distribution Date to any Class of Group II Certificates to the extent that such allocation would result in the reduction of the aggregate Current Principal Amounts of all the Group II Certificates as of such Distribution Date, after giving effect to the amount to be distributed as a distribution of principal all distributions and the allocation prior allocations of Realized Losses on the Group II Mortgage Loans on such date, to an amount less than the aggregate Scheduled Principal Balance of all of the Group II Mortgage Loans as of the first day of the month of such Distribution Date) exceeds the Adjusted Pool Amount for Date (such Distribution Date. After the Senior Credit Support Depletion Datelimitation, the Class Certificate Balances of the Senior Certificates in the aggregate shall be reduced on each Distribution Date by the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Senior Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of “Group II Loss Allocation Limit”). Any Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount for such Distribution Date. Any such reduction allocated to a Class of Certificates shall be allocated among the Senior related Certificates based of such Class (other than the Interest Only Certificates) in proportion to their respective Current Principal Amounts. Any allocation of Realized Losses shall be accomplished by reducing the Current Principal Amount of the related Certificates on the Class Certificate Balances immediately prior related Distribution Date. (v) Realized Losses shall be allocated on the Distribution Date in the month following the month in which such loss was incurred and, in the case of the principal portion thereof, after giving effect to distributions made on such Distribution Date. (cvi) On each Distribution Date, the Securities Administrator shall determine and notify the Paying Agent in writing of the Group I Subordinate Certificate Writedown Amount. Any Realized Loss allocated to Group I Subordinate Certificate Writedown Amount shall effect a Class of Certificates or any corresponding reduction in the Current Principal Amount of (i) if prior to the Group I Cross-Over Date, the Current Principal Amounts of the Group I Subordinate Certificates, in the reverse order of their numerical Class designations and (ii) from and after the Group I Cross-Over Date, the Group I Senior Certificates, in accordance with priorities set forth in clause (b) above, which reduction shall occur on such Distribution Date after giving effect to distributions made on such Distribution Date. (vii) On each Distribution Date, the Securities Administrator shall determine and notify the Paying Agent in writing of the Group II Subordinate Certificate Balance Writedown Amount. Any Group II Subordinate Certificate Writedown Amount shall effect a corresponding reduction in the Current Principal Amount of a (i) if prior to the Group II Cross-Over Date, the Current Principal Amounts of the Group II Subordinate Certificates, in the reverse order of their numerical Class of Certificates pursuant designations and (ii) from and after the Group II Cross-Over Date, the Group II Senior Certificates, in accordance with priorities set forth in clause (b) above, which reduction shall occur on such Distribution Date after giving effect to Section 5.03(bdistributions made on such Distribution Date. (viii) above shall Any Net Interest Shortfall will be allocated among the Classes of Certificates of such Class in proportion to their the respective Percentage Interests. (d) Any allocation amounts of Accrued Certificate Interest that would have been allocated thereto in the absence of such Net Interest Shortfall for such Distribution Date. The interest portion of any Realized Losses with respect to a Class of Certificates the Mortgage Loans occurring on or any reduction in the Class Certificate Balance of a Class pursuant to Section 5.03(b) above shall be accomplished by reducing the Class Certificate Balance thereof prior to the distributions made related Cross-Over Date will not be allocated among any related Certificates, but will reduce the amount of Available Funds on the related Distribution Date Date. As a result of the subordination of the Subordinate Certificates in accordance with right of distribution, such Realized Losses on the definition related Mortgage Loans will be borne by the related Subordinate Certificates, in inverse order of "their numerical Class Certificate Balancedesignations." (eix) With Any Deficient Valuation will on each Distribution Date be allocated solely to the Subordinate Certificates until the Bankruptcy Coverage Termination Date. The Bankruptcy Loss Amount and the related coverage levels may be reduced or modified upon written confirmation from the related Rating Agencies that such reduction or modification will not adversely affect the then current ratings of the Senior Certificates by the related Rating Agencies (determined without regard to the Policy). Such reduction may adversely affect the coverage provided by subordination with respect to any Bankruptcy Losses. Any Fraud Loss will on each Distribution Date, Realized Losses allocated pursuant to this Section 5.03 will Date be allocated to each Uncertificated Lower-Tier Interest in an amount equal solely to the amount Subordinate Certificates until the Fraud Coverage Termination Date. Any Special Hazard Loss will on each Distribution Date be allocated solely to its respective Corresponding Upper-Tier Class as provided abovethe outstanding Subordinate Certificates until the Special Hazard Termination Date.