Common use of Allocation of Realized Losses Clause in Contracts

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 Notional Amount Certificates and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their respective Class Certificate Balances and their respective initial Class Certificate Balances, in each case immediately prior to the related Distribution Date. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following 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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of : any Realized Loss, including any Excess Loss, shall be allocated to Losses on the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) Mortgage Loans shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 Notional Amount Certificates and the Class PO CertificatesX IO Component), pro rata on the basis of their respective Class Certificate Balances or, in the case of each following order: first, to the Class of Accrual Certificates, on the basis of the lesser of their A-4 Certificates until its Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is has been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated zero and second, to the Senior Certificates (other than the Notional Amount Certificates Class A-1, Class A-2 and the Class PO A-3 Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their respective Class Certificate Balances and their respective initial Class Certificate Balances, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance of each such Class is reduced to zero; provided, however, that any Realized Loss that would otherwise be allocated to the Class A-2 Certificates shall instead be allocated to the Class A-3 Certificates until the Class Certificate Balance of the Class A-3 Certificates has been reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) ), exceeds the Pool Stated Principal Balance for as of the following Due Date in the month of 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 4.04(a4.04(b) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a4.04(b) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "“Certificate Balance" ” or "“Component Balance," ” as the case may be. (e) Realized Losses shall be allocated among the REMIC I Regular Interests and REMIC II Regular Interests as specified in the definitions of REMIC I Realized Losses and REMIC II Realized Losses, respectively.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss on a Mortgage Loan in a Loan Group shall be allocated to the related Class PO Certificates Component, until the Class Certificate Component Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 related Senior Certificates (other than the any Notional Amount Certificates Certificates, if applicable, and the related Class PO CertificatesComponent), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances Balance or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; provided, however, that the Non-PO Percentage of any Realized Losses on the Mortgage Loans in Loan Group 1 otherwise allocable on any Distribution Date to the Class 1-A-5 Certificates will instead be allocated to the Class 1-A-6 Certificates, until its Class Certificate Balance is reduced to zero and the Non-PO Percentage of any Realized Losses on the Mortgage Loans in Loan Group 2 otherwise allocable on any Distribution Date to the Class 2-A-1 Certificates will instead be allocated to the Class 2-A-2 Certificates, until its Class Certificate Balance is reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the sum of the Pool Stated Principal Balance for the following Distribution Date and any amounts in the Supplemental Loan Account as of that Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be. Except as provided in Section 4.04(a)(i) above, all Realized Losses allocated to a Class of Component Certificates will be allocated pro rata to the related Components.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1A) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date Date, until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2B) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their respective Class Certificate Balances and their respective initial Class Certificate Balances, in each case immediately prior to the related Distribution Date. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following 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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee Servicer shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates. (b) Realized Losses, the Class M Certificates will be deemed to have a lower numerical class designationBankruptcy Losses, Fraud Losses and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Special Hazard Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized LossLosses, including any Excess LossBankruptcy Losses, shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1) the applicable Non-PO Percentage of any Realized Loss Fraud Losses and Special Hazard Losses (other than an Excess LossLosses) shall be allocated first allocated: first, to the Subordinated Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated Subordinate 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, and second to the Senior Certificates (other than the Notional Amount Certificates Class A and the Class PO A-R Certificates), pro rata on the basis of in accordance with their respective relative Class Certificate Balances orPrincipal Balances, in until the case of each Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Principal Balance of each such Class is been reduced to zero; and (2ii) the applicable Non-PO Percentage of any Excess Losses on the Mortgage Loans shall be allocated to the Senior Certificates and the Subordinate Certificates then outstanding, pro rata, as follows: (A) the product of such Excess Losses multiplied by a fraction the numerator of which is the aggregate of the Class Certificate Principal Balances of the Classes of Senior Certificates immediately prior to such Distribution Date and the denominator of which is the aggregate of the Principal Balances, as of the first day in the month preceding the month which such Distribution Date occurs, of the Outstanding Mortgage Loans on that day shall be allocated to the Classes of Senior Certificates (other than the Notional Amount Certificates and the Class PO X Certificates) and the Subordinated Certificates then outstanding), pro rata, on the basis of their respective Class Certificate Principal Balances orimmediately prior to such Distribution Date, in and (B) the case remaining amount of each Class such Excess Losses shall be allocated to the Classes of Accrual Subordinate Certificates, pro rata, on the basis of the lesser of their respective Class Certificate Principal Balances and their respective initial Class Certificate Balances, in each case immediately prior to such Distribution Date; provided, however, that on any Distribution Date occurring on and after the related Senior Credit Support Depletion Date, any Excess Losses will be allocated among the Class or Classes of Senior Certificates, pro rata, based on their respective Class Certificate Principal Balances immediately prior to such Distribution Date. (bc) The Class Certificate Principal Balance of the Class of Subordinated Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Principal Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses, Bankruptcy Losses, Fraud Losses and Class PO Deferred Amounts Special Hazard Losses and Excess Losses on such Distribution Date) exceeds the Pool aggregate of the Stated Principal Balance Balances of all the Mortgage Loans for the following Distribution Date. (cd) Any Realized Loss, Bankruptcy Loss, Fraud Loss, Special Hazard Loss or Excess Loss allocated to a Class of Certificates or any reduction in the Class Certificate Principal Balance of a Class of Certificates pursuant to Section 4.04(a4.03(b) above or (c) shall be allocated among the Certificates of such Class Class, pro rata, in proportion to their respective Certificate Balances. (de) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, Certificate pursuant to Section 4.04(a4.03(b) above or (c) shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, thereof immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or ."Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess LossLoss on a Mortgage Loan in a Loan Group, shall be allocated to the Class related PO Certificates Class, until the respective Class Certificate Balance or Component Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 Classes of Certificates of the related Senior Certificates Certificate Group (other than the any Notional Amount Certificates Certificates, if applicable, and the Class related PO CertificatesClass), pro rata on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual CertificatesCertificates or Accrual Component, on the basis of the lesser of their its respective Class Certificate Balances Balance or Component Balance, as applicable, and their its respective initial Class Certificate BalancesBalance or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; provided, however, that any Realized Losses on the Mortgage Loans in Loan Group 1 otherwise allocable on any Distribution Date to the Class 1-A-2 Certificates will instead be allocated to the Class 1-A-5 Certificates, until its Class Certificate Balance is reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates Classes in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance or Component Balance of a CertificateCertificate or Component, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be. (e) Any Realized Losses allocated to the Class 1-A-3 Certificates will be covered by the Class 1-A-3 Policy. Any payment under the Class 1-A-3 Policy with respect to a Realized Loss allocated to the Class 1-A-3 Certificates shall not result in a further reduction to the Class Certificate Balance of the Class 1-A-3 Certificates.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 Classes of Senior Certificates (other than the any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; provided, however, that the Non-PO Percentage of any Realized Losses on the Mortgage Loans that would otherwise be allocated to the Class ▇-▇, ▇▇▇▇▇ ▇-▇, Class A-4, Class A-8 and Class A-11 Certificates will instead be allocated to the Class A-15, Class A-12, Class A-13, Class A-16 and Class A-14 Certificates, respectively, until their respective Class Certificate Balances are reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be. All Realized Losses allocated to a Class of Component Certificates will be allocated, pro rata, to the related Components. (e) [Reserved]

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; provided, that the Non-PO Percentage of any Realized Losses that would otherwise be allocated to the Class 1-A-4 and Class 1-A-11 Certificates will instead be allocated to the Class 1-A-13 Certificates, until its Class Certificate Balance is reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the sum of the Pool Stated Principal Balance for the following Distribution Date and any amounts in the Supplemental Loan Account as of that Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be. All Realized Losses allocated to a Class of Component Certificates will be allocated, pro rata, to the related Components. (e) Any Realized Losses allocated to the Class 1-A-3 Certificates will be covered by the Class 1-A-3 Policy. Any payment under the Class 1-A-3 Policy with respect to a Realized Loss allocated to the Class 1-A-3 Certificates shall not result in a further reduction to the Class Certificate Balance of the Class 1-A-3 Certificates.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1A) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual CertificatesCertificates or Accrual Component, on the basis of the lesser of their respective Class Certificate Balance Balances or Component Balance, as applicable, and their respective initial Class Certificate Balances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is been reduced to zero; and (2B) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual CertificatesCertificates or Accrual Component, on the basis of the lesser of their respective Class Certificate Balances or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following 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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be. All Realized Losses or Excess Losses allocated to a Class of Component Certificates will be allocated, pro rata, to the related Components.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, on a Mortgage Loan in a Loan Group shall be allocated to the related Class PO Certificates Component, until the Class Certificate Component Balance thereof is reduced to zero; and (1ii) (A) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 related Senior Certificates (other than the any Notional Amount Certificates Certificates, if applicable, and the related Class PO CertificatesComponent), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances Balance or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date. (b) The , until the respective Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following 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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereofof each such Class or Component is reduced to zero; provided, as applicablethat any Realized Losses in Loan Group 2 that would otherwise be allocated to the Class 2-A-4 Certificates will instead be allocated to the Class 2-A-9 Certificates, immediately following until its Class Certificate Balance is reduced to zero, and the distributions made on applicable Non-PO Percentage of any Realized Losses in Loan Group 5 that would otherwise be allocated to the related Distribution Date in accordance with Class 5-A-1 Certificates will instead be allocated to the definition of "Class 5-A-2 Certificates, until its Class Certificate Balance" or "Component Balance," as the case may be.Balance is reduced to zero; and

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M M-1 Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each any other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss on a Mortgage Loan in a Loan Group shall be allocated to the related Class PO Certificates Component, until the Class Certificate Component Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, zero and second with respect to Realized Losses on the Mortgage Loans in each Loan Group, to the related Senior Certificates (other than the any Notional Amount Certificates Certificates, if applicable, and the related Class PO CertificatesComponent), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances Balance or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; provided, however, that the Non-PO Percentage of (x) any Realized Losses on the Mortgage Loans in Loan Group 1 that would otherwise be allocated to the Class 1-A-4 Certificates will instead be allocated to the Class 1-A-5 Certificates, until its Class Certificate Balance is reduced to zero, (y) any Realized Losses on the Mortgage Loans in Loan Group 2 that would otherwise be allocated (i) to the Class 2-A-2 Certificates will instead be allocated to the Class 2-A-24 Certificates, until its Class Certificate Balance is reduced to zero and (ii) to the Class 2-A-6 and Class 2-A-7 Certificates will instead be allocated to the Class 2-A-20 Certificates, until its Class Certificate Balance is reduced to zero and (z) any Realized Losses on the Mortgage Loans in Loan Group 3 that would otherwise be allocated to the Class 3-A-7 Certificates will instead be allocated to the Class 3-A-9 Certificates, until its Class Certificate Balance is reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date and any amounts in the Pre-funding Account as of that Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance or Component Balance of a CertificateCertificate or Component, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each any other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess LossLoss on a Mortgage Loan in a Loan Group, shall be allocated to the Class related PO Certificates Class, until the respective Class Certificate Balance or Component Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 Class M-A Certificates, until its Class Certificate Balance is reduced to zero, and third to the Classes of Certificates of the related Senior Certificates Certificate Group (other than the any Notional Amount Certificates Certificates, if applicable, and the Class related PO CertificatesClass), pro rata on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual CertificatesCertificates or Accrual Component, on the basis of the lesser of their its respective Class Certificate Balances Balance or Component Balance, as applicable, and their its respective initial Class Certificate BalancesBalance or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; provided, however, that any Realized Losses on the Mortgage Loans in Loan Group 1 otherwise allocable on any Distribution Date to the Class 1-A-1 Certificates will instead be allocated to the Class 1-A-3 Certificates, until its Class Certificate Balance is reduced to zero and any Realized Losses on the Mortgage Loans in Loan Group 2 otherwise allocable on any Distribution Date to the Class 2-A-1 and Class 2-A-11 Certificates will instead be allocated to the Class 2-A-3 and Class 2-A-12 Certificates, respectively, until their Class Certificate Balances are reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates Classes in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance or Component Balance of a CertificateCertificate or Component, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates PO-1 Component, if such Realized Loss relates to a Loan Group 1 Mortgage Loan until the Component Balance thereof is reduced to zero, to the Class Certificate PO-2 Component, if such Realized Loss relates to a Loan Group 2 Mortgage Loan until the Component Balance thereof is reduced to zero; and (1ii) (A) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 any Notional Amount Certificates Certificates, if applicable, and the related Class PO CertificatesComponent), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual CertificatesCertificates or Accrual Components, on the basis of the lesser of their Class Certificate Balance or Component Balance, as applicable, and their initial Class Certificate Balance or Component Balance, as applicable, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; provided, that any Realized Losses (other than Excess Losses) on the Mortgage Loans in Loan Group 1 otherwise allocable to the Class 1-A-11 Certificates shall be allocated to the Class 1-A-12 Certificates, until its Class Certificate Balance is reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their respective Class Certificate Balances and their respective initial Class Certificate Balances, in each case immediately prior to the related Distribution Date. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following 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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each any other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss on a Mortgage Loan in a Loan Group shall be allocated to the related Class PO Certificates Component, until the Class Certificate Component Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 with respect to Realized Losses on the Group 1 Mortgage Loans, to the Class 1-A-18 Certificates, until its Class Certificate Balance is reduced to zero, and third with respect to Realized Losses on the Mortgage Loans in each Loan Group, to the related Senior Certificates (other than the Class 1-A-18 Certificates and any Notional Amount Certificates Certificates, if applicable, and the related Class PO CertificatesComponent), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances Balance or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; provided, however, that the Non-PO Percentage of (x) any Realized Losses on the Mortgage Loans in Loan Group 1 that would otherwise be allocated to the Class 1-A-6, Class 1-A-14 and Class 1-A-16 Certificates shall instead be allocated to the Class 1-A-8, Class 1-A-15 and Class 1-A-17 Certificates, respectively, until their respective Class Certificate Balances are reduced to zero, (y) any Realized Losses on the Mortgage Loans in Loan Group 2 that would otherwise be allocated to the Class 2-A-1 Certificates shall instead be allocated to the Class 2-A-2 Certificates, until its Class Certificate Balance is reduced to zero, and (z) any Realized Losses on the Mortgage Loans in Loan Group 3 that would otherwise be allocated to the Class 3-A-1 Certificates shall instead be allocated to the Class 3-A-2 Certificates, until its Class Certificate Balance is reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date and any amounts in the Pre-funding Account as of that Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance or Component Balance of a CertificateCertificate or Component, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Distribution Date, the Trustee shall determine aggregate the loan-level information provided by the Servicer with respect to the total amount of Realized Losses, including Excess Losses, Losses with respect to the Mortgage Loans in each Loan Subgroup for the related Distribution Date and include such information in the Distribution Date Statement. (b) On each Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date that occurred during the related prepayment period shall be allocated as follows: (i) to the Class PO Certificates, the applicable PO Percentage of the principal portion of any Realized LossLoss on a Discount Mortgage Loan in Loan Group 1, including until its Class Certificate Principal Balance is reduced to zero; (ii) on each Distribution Date prior to the Senior Credit Support Depletion Date, distributions in respect of each PO Deferred Amount will be made on the Class PO Certificates in accordance with Section 5.01(a)(iv) above to the extent of any Excess LossPO Recoveries and certain other Available Funds remaining after distributions in accordance with Section 5.01(a)(i), shall (ii) and (iii) above. Any distribution of such PO Recoveries and any other Available Funds in respect of a PO Deferred Amount will not reduce the Class Principal Balance of the Class PO Certificates. No interest will accrue on any PO Deferred Amount. After the Senior Credit Support Depletion Date, no distributions will be made in respect of any PO Deferred Amount and Realized Losses will be allocated to the Class PO Certificates until the without a right of reimbursement from any other Class Certificate Balance thereof is reduced to zero; andof Certificates; (1iii) the applicable Non-PO Percentage of the principal portion of all Realized Losses with respect to the Mortgage Loans in any Realized Loss (other than an Excess Loss) shall Loan Subgroup will be allocated first to the Subordinated Certificates classes of Subordinate Certificates, in the reverse order of their respective numerical Class designations (beginning with the Class class of Subordinated Subordinate Certificates then outstanding with the highest numerical Class class designation) ), in each case until the respective Class Certificate Balance Principal Balances of each such Class is reduced to zero, and second second, to the Senior Certificates (other than the Notional Amount Class PO and any Interest-Only Certificates) relating to all Loan Groups, on a pro rata basis, until the Class Principal Balances of each such class is reduced to zero; provided, however, that the first $3,368,000.00 of Realized Losses allocable to the Class 2-A-2 Certificates and the first $675,000.00 of Realized Losses allocable to the Class PO Certificates), pro rata on 2-A-4 Certificates will instead each be allocated to the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual 2-A-5 Certificates, on until the basis Class Principal Balance of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is 2-A-5 Certificates has been reduced to zero; and. (2iv) On each Distribution Date, the Class Principal Balance of the class of Subordinate Certificates then outstanding with the lowest payment priority will be allocated, as a further Realized Loss, in reduction of its Class Principal Balance, the sum of (i) the applicable Non-PO Percentage amount of any Excess Losses shall be allocated to the Senior Certificates Available Funds (other than the Notional Amount Certificates and PO Recoveries) distributed on that distribution date to the Class PO CertificatesCertificates in reduction of a PO Deferred Amount and (ii) the excess, if any, of (a) the aggregate of the Class Principal Balances of all classes of Certificates following all distributions and the Subordinated Certificates then outstanding, pro rata, allocation of Realized Losses on that Distribution Date over (b) the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis Pool Balance as of the lesser first day of their respective Class Certificate Balances and their respective initial Class Certificate Balances, in each case immediately prior to the related month of that Distribution Date. (bc) The Class Certificate Principal Balance of the Class of Subordinated Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Principal Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool aggregate of the Stated Principal Balance Balances of all the Mortgage Loans for the following Distribution Date. (cd) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Principal Balance of a Class of Certificates pursuant to Section 4.04(a5.03(b) above or (c) shall be allocated among the Certificates of such Class Class, pro rata, in proportion to their respective Certificate Principal Balances. (de) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Principal Balance of a Certificate, Certificate pursuant to Section 4.04(a5.03(b) above or (c) shall be accomplished by reducing the Certificate Principal Balance or Component Balance thereof, as applicable, thereof immediately following the distributions made on the related Distribution Date in accordance with the definition of "“Certificate Principal Balance" or "Component Balance," as the case may be.”

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. . (b) Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and[Reserved]. (1ii) the applicable Non-PO Percentage of any Any Realized Loss (other than an Excess Loss) on the Mortgage Loans in a Loan Group shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 of the Notional Amount Certificates and the Class PO Certificates), pro rata on the basis of their respective Class related Senior Certificate Balances or, Group in the case of each Class of Accrual Certificatesfollowing order, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is has been reduced to zero; and : (21) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Loan Group 1, sequentially, to the Class of Accrual 1-A-2 and Class 1-A-1 Certificates, on in that order; (2) in the basis case of Loan Group 2, sequentially, to the lesser of their respective Class Certificate Balances 2-A-2 and their respective initial Class Certificate Balances2-A-1 Certificates, in each that order; and (3) in the case immediately prior of Loan Group 3, sequentially, to the related Distribution Date. (b) Class 3-A-2 and Class 3-A-1 Certificates, in that order. The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for as of the following Due Date in the month of 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 4.04(a4.04(b) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a4.04(b) above shall be accomplished by reducing the Certificate Balance or Component Balance thereofBalance, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "“Certificate Balance" ” or "Component Balance“Subordinated Portion," ” as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1ii) (A) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class or Component of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance or Component Balance, as applicable, and their initial Class Certificate Balance or Component Balance, as applicable, in each case immediately prior to the related Distribution Date Date, until the respective Class Certificate Balance or Component Balance, as applicable, of each such Class or Component is been reduced to zero, provided, however, that any Realized Losses (other than Excess Losses) on the Mortgage Loans otherwise allocable to the Class A-1 Certificates shall be allocated to the Class A-7 Certificates, until its Class Certificate Balance is reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rataprovided further, on the basis of their respective Class Certificate Balances or, that in the case of each any Class or Component of Accrual Certificates, on the basis of the lesser of their respective Class Certificate Balances Balance or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalance or Component Balance, as applicable, in each case immediately prior to the related Distribution Date. (b) The , until the respective Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following 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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereofBalance, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" each Class or "Component Balance," as the case may be.is reduced to zero; and

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the each related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero[reserved]; and (1A) the applicable Non-PO Percentage of any Realized Loss (other than an any Excess Loss) on the Mortgage Loans in a Loan Group shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 Classes of Senior Certificates (other than of the Notional Amount Certificates and the Class PO Certificates)related Senior Certificate Group, pro rata on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate BalanceBalances, in each case immediately prior to the related Distribution Date Date, until the respective Class Certificate Balance of each such Class is been reduced to zero; and, provided, however, that any Realized Losses other than Excess Losses on the Group 1 Mortgage Loans that would otherwise be allocated to the Class 1-A-2 Certificates will instead be allocated to the Class 1-A-3 Certificates until its Class Certificate Balance is reduced to zero and any Realized Losses other than Excess Losses on the Group 2 Mortgage Loans that would otherwise be allocated to the Class2-A-2 Certificates will instead be allocated to the Class 2-A-3 Certificates until its Class Certificate Balance is reduced to zero. (2B) On each Distribution Date, Excess Losses on the applicable Non-PO Mortgage Loans in a Loan Group shall be allocated pro rata among the Classes of Senior Certificates of the related Senior Certificate Group and the Subordinated Certificates as follows: (i) in the case of the Senior Certificates, the Senior Percentage of any such Excess Losses shall be allocated to among the Classes of Senior Certificates (other than in the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstandingrelated Senior Certificate Group, pro rata, on the basis of their respective Class Certificate Balances or, immediately prior to the related Distribution Date and (ii) in the case of each Class of Accrual the Subordinated Certificates, the Subordinated Percentage of such Excess Loss shall be allocated among the Classes of Subordinated Certificates, pro rata, based on each Class' share of the Assumed Balance of the related Loan Group immediately prior to the related Distribution Date; provided, however, on any Distribution Date after the second Senior Termination Date for a Senior Certificate Group, such Excess Losses on the Mortgage Loans in the related Loan Group shall be allocated to the Senior Certificates and the Subordinated Certificates on the basis of the lesser of their respective Class Certificate Balances immediately prior to such Distribution Date; provided further, however, on any Distribution Date on and after the Senior Credit Support Depletion Date, any Excess Loss shall be allocated, pro rata, among the Classes of Senior Certificates based on their respective initial Class Certificate Balances, in each case Balances immediately prior to the related Distribution Date. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances Balance of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool aggregate Stated Principal Balance for of the following Mortgage Loans as of the Due Date in the month of such Distribution Date (after giving effect to Principal Prepayments in the Prepayment Period related to such Due 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 4.04(a4.05(a) above or (b) shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, Certificate pursuant to Section 4.04(a4.05(a) above or (b) shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, thereof immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1A) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual CertificatesCertificates or Accrual Component, on the basis of the lesser of their respective Class Certificate Balance Balances or Component Balance, as applicable, and their respective initial Class Certificate Balances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is been reduced to zero, provided that any Realized Losses (other than Excess Losses) on the Mortgage Loans otherwise allocable to the Class A-8 and Class A-12 Certificates shall be allocated to the Class A-9 and Class A-13 Certificates, respectively, until their respective Class Certificate Balances are reduced to zero; and (2B) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual CertificatesCertificates or Accrual Component, on the basis of the lesser of their respective Class Certificate Balances or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the sum of the Pool Stated Principal Balance for the following Distribution Date and any amounts in the Supplemental Loan Account as of that 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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be. All Realized Losses or Excess Losses allocated to a Class of Component Certificates will be allocated, pro rata, to the related Components.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates PO-1 Component, if such Realized Loss relates to a Loan Group 1 Mortgage Loan until the Component Balance thereof is reduced to zero and, to the Class Certificate PO-2 Component, if such Realized Loss relates to a Loan Group 2 Mortgage Loan until the Component Balance thereof is reduced to zero; and (1ii) (A) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 any Notional Amount Certificates Certificates, if applicable, and the related Class PO CertificatesComponent), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and provided, that any Realized Losses (2other than Excess Loss) on the applicable NonMortgage Loans in Loan Group 1 otherwise allocable to the Class 1-PO Percentage of any Excess Losses A-2 Certificates shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual 1-A-3 Certificates, on the basis of the lesser of their respective Class Certificate Balances and their respective initial Class Certificate Balances, in each case immediately prior to the related Distribution Date. (b) The until its Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be is reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following 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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.zero; and

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each any other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss on a Mortgage Loan in a Loan Group shall be allocated to the related Class PO Certificates Component, until the Class Certificate Component Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 related Senior Certificates (other than the any Notional Amount Certificates Certificates, if applicable, and the related Class PO CertificatesComponent), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances Balance or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; provided, however, that the Non-PO Percentage of (x) any Realized Losses on the Mortgage Loans in Loan Group 1 that would otherwise be allocated to the Class 1-A-1, Class 1-A-2 and Class 1-A-6 Certificates shall instead be allocated to the Class 1-A-7 Certificates, until its Class Certificate Balance is reduced to zero, and (y) a portion of Realized Losses on the Mortgage Loans in Loan Group 2 that would otherwise be allocated to the Class 2-A-1, Class 2-A-2, Class 2-A-3 and Class 2-A-6 Certificates will instead be allocated to the Class 2-A-7 Certificates concurrently as follows: (i) the first $4,348,000 of Realized Losses that would otherwise be allocated to the Class 2-A-1 Certificates shall instead be allocated to the Class 2-A-7 Certificates and (ii) the first $6,193,000 of Realized Losses that would otherwise be allocated to the Class 2-A-2, Class 2-A-3 and Class 2-A-6 Certificates shall instead be allocated to the Class 2-A-7 Certificates, in each case until the Class Certificate Balance of the Class 2-A-7 Certificates is reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance or Component Balance of a CertificateCertificate or Component, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1ii) (A) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual CertificatesCertificates or Accrual Component, on the basis of the lesser of their Class Certificate Balance or Component Balance, as applicable, and their initial Class Certificate Balance or Component Balance, as applicable, in each case immediately prior to the related Distribution Date Date, until the respective Class Certificate Balance of each such Class is been reduced to zero, provided that any Realized Losses (other than Excess Losses) on the Mortgage Loans otherwise allocable to the Class A-1, Class A-5, Class A-15 and Class A-19 Certificates shall be allocated to the Class A-2, Class A-31, Class A-16 and Class A-20 Certificates, respectively, until their respective Class Certificate Balances are reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their respective Class Certificate Balances and their respective initial Class Certificate Balances, in each case immediately prior to the related Distribution Date. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following 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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1A) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date Date, until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2B) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their respective Class Certificate Balances and their respective initial Class Certificate Balances, in each case immediately prior to the related Distribution Date. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following 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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be. (e) Any Realized Loss allocated to the Class A-3 Certificates will be covered by the Class A-3 Policy. Any payment under the Class A-3 Policy with respect to a Realized Loss allocated to the Class A-3 Certificates shall not result in a further reduction to the Class Certificate Balance of the Class A-3 Certificates.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss on a Mortgage Loan in a Loan Group shall be allocated to the related Class PO Certificates Component, until the Class Certificate Component Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 second, to the Classes of Senior Certificates (other than the any Notional Amount Certificates and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances or Component Balance, as applicable immediately prior to such Distribution Date, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero, except that (i) the first $2,283,000 of Realized Losses that would otherwise be allocated to the Class 1-A-2 Certificates will instead be allocated to the Class 1-A-9 Certificates, (ii) the first $11,597,000 of Realized Losses that would otherwise be allocated to the Class 1-A-4 Certificates will instead be allocated to the Class 1-A-9 Certificates, (iii) the first $1,639,000 of Realized Losses that would otherwise be allocated to the Class 1-A-6 Certificates will instead be allocated to the Class 1-A-9 Certificates, (iv) the first $1,798,000 of Realized Losses that would otherwise be allocated to the Class 1-A-13 Certificates will instead be allocated to the Class 1-A-9 Certificates and (v) the first $5,098,000 of Realized Losses that would otherwise be allocated to the Class 1-A-21 Certificates will instead be allocated to the Class 1-A-9 Certificates, in each case immediately prior until the Class Certificate Balance of the Class 1-A-9 Certificates is reduced to the related Distribution Datezero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance or Component Balance of a CertificateCertificate or Component, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be. All Realized Losses allocated to a Class of Component Certificates will be allocated, pro rata, to the related Components.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the each related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero[reserved]; and (1A) the applicable Non-PO Percentage of any Realized Loss (other than an any Excess Loss) on the Mortgage Loans in a Loan Group shall be allocated first to the Classes Subordinated Certificates in the related Subordinated Certificate Group in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated Certificates in such Subordinated Certificate 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 Classes of Senior Certificates (other than of the Notional Amount Certificates and the Class PO Certificates)related Senior Certificate Group, pro rata on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate BalanceBalances, in each case immediately prior to the related Distribution Date Date, until the respective Class Certificate Balance of each such Class is been reduced to zero, provided, however, that any Realized Losses other than Excess Losses on the Group 1 Mortgage Loans will be allocated sequentially to the Class 1-A-2-1 and Class 1-A-1 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; andand any Realized Losses other than Excess Losses on the Group 2 Mortgage Loans will be allocated sequentially to the Class 2-A-2-1 and Class 2-A-1 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero. (2B) On each Distribution Date, Excess Losses on the applicable Non-PO Mortgage Loans in a Loan Group shall be allocated pro rata among the Classes of Senior Certificates of the related Senior Certificate Group and the related Group of Subordinated Certificates as follows: (i) in the case of the Senior Certificates, the Senior Percentage of any such Excess Losses shall be allocated to among the Classes of Senior Certificates (other than in the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstandingrelated Senior Certificate Group, pro rata, on the basis of their respective Class Certificate Balances or, immediately prior to the related Distribution Date and (ii) in the case of each Class the Certificates in a Subordinated Certificate Group, the related Subordinated Percentage of Accrual Certificatessuch Excess Loss shall be allocated among the Classes of Subordinated Certificates of that Subordinated Certificate Group, pro rata, based on the basis of the lesser of their respective Class Certificate Balances immediately prior to such Distribution Date; provided further, however, on any Distribution Date on and after the Senior Credit Support Depletion Date for a Certificate Group, any Excess Loss shall be allocated, pro rata, among the Classes of Senior Certificates in such Certificate Group based on their respective initial Class Certificate Balances, in each case Balances immediately prior to the related Distribution Date. (b) The Class Certificate Balance of the Class of Subordinated Certificates in a Subordinated Certificate Group then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances Balance of all outstanding Classes of Certificates in the applicable Certificate Group (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool aggregate Stated Principal Balance for of the following Mortgage Loans in that Loan Group as of the Due Date in the month of such Distribution Date (after giving effect to Principal Prepayments in the Prepayment Period related to such Due 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 4.04(a4.05(a) above or (b) shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, Certificate pursuant to Section 4.04(a4.05(a) above or (b) shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, thereof immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M M-1 Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each any other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss on a Mortgage Loan in a Loan Group shall be allocated to the related Class PO Certificates Component, until the Class Certificate Component Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 second, to the Classes of Senior Certificates (other than the any Notional Amount Certificates and the related Class PO CertificatesComponent), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; provided, however, that the Non-PO Percentage of any Realized Losses (i) on the Mortgage Loans in Loan Group 1 that would otherwise be allocated to the Class 1-A-1, Class 1-A-2, Class 1-A-4, Class 1-A-5 and Class 1-A-7 Certificates will instead be allocated, pro rata, to the Class 1-A-9 Certificates, as follows: (a) with respect to the Class 1-A-1 Certificates, in an amount up to a maximum of $14,981,700; (b) with respect to the Class 1-A-2 Certificates, in an amount up to a maximum of $1,670,400; (c) with respect to the Class 1-A-4 Certificates, in an amount up to a maximum of $869,000; (d) with respect to the Class 1-A-5 Certificates, in an amount up to a maximum of $2,160,000; and (e) with respect to the Class 1-A-7 Certificates, in an amount up to a maximum of $4,504,900, in each case until the Class Certificate Balance of the Class 1-A-9 Certificates is reduced to zero; (ii) in Loan Group 2 that would otherwise be allocated to the Class 2-A-1 Certificates will instead be allocated to the Class 2-A-3 Certificates, until its Class Certificate Balance is reduced to zero; (iii) in Loan Group 3 that would otherwise be allocated to the Class 3-A-1 Certificates will instead be allocated to the Class 3-A-2 Certificates, until its Class Certificate Balance is reduced to zero; (iv) in Loan Group 4 that would otherwise be allocated to the Class 4-A-1, Class 4-A-3, Class 4-A-5, Class 4-A-7 and Class 4-A-8 Certificates will instead be allocated to the 4-A-9 Certificates, as follows: (a) with respect to the Class 4-A-1 Certificates, in an amount up to a maximum of $7,382,000; (b) with respect to the Class 4-A-3 Certificates, in an amount up to a maximum of $4,364,000; (c) with respect to the Class 4-A-5 Certificates, in an amount up to a maximum of $1,728,000; (d) with respect to the Class 4-A-7 Certificates, in an amount up to a maximum of $3,068,000; and (e) with respect to the Class 4-A-8 Certificates, in an amount up to a maximum of $158,000, in each case until the Class Certificate Balance of the Class 4-A-9 Certificates is reduced to zero; and (v) in Loan Group 5 that would otherwise be allocated to the Class 5-A-3 and Class 5-A-4 Certificates will instead be allocated to the 5-A-6 Certificates, as follows: (a) with respect to the Class 5-A-3 Certificates, in an amount up to a maximum of $1,963,000; and (b) with respect to the Class 5-A-4 Certificates, in an amount up to a maximum of $475,000, in each case until the Class Certificate Balance of the Class 5-A-6 Certificates is reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance or Component Balance of a CertificateCertificate or Component, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "“Certificate Balance" ” or "“Component Balance," ” as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates PO-1 Component, if such Realized Loss relates to a Loan Group 1 Mortgage Loan until the Component Balance thereof is reduced to zero, to the Class Certificate PO-2 Component, if such Realized Loss relates to a Loan Group 2 Mortgage Loan until the Component Balance thereof is reduced to zero and to the Class PO-3 Component, if such Realized Loss relates to a Loan Group 3 Mortgage Loan until the Component Balance thereof is reduced to zero; and (1ii) (A) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 any Notional Amount Certificates Certificates, if applicable, and the related Class PO CertificatesComponent), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and , provided that any Realized Losses (2other than an Excess Loss) on the applicable NonMortgage Loans in Loan Group 1 otherwise allocable to the Class 1-PO Percentage of any Excess Losses A-4 and Class 1-A-13 Certificates shall be allocated to the Senior Certificates (other than the Notional Amount Certificates Class 1-A-5 and the Class PO 1-A-14 Certificates) and the Subordinated Certificates then outstanding, pro ratarespectively, on the basis of until their respective Class Certificate Balances orare reduced to zero, and any Realized Losses (other than an Excess Loss) on the Mortgage Loans in Loan Group 2 otherwise be allocable to the case of each Class of Accrual 2-A-2 and Class 2-A-14 Certificates shall be allocated to the Class 2-A-11 and Class 2-A-12 Certificates, on the basis of the lesser of respectively, until their respective Class Certificate Balances and their respective initial Class Certificate Balances, in each case immediately prior are reduced to the related Distribution Date. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following 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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.zero; and

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; provided, however, that the Non-PO Percentage of any Realized Losses on the Mortgage Loans that would otherwise be allocated the Class A-2 Certificates shall instead be allocated to the Class A-3 Certificates until its Class Certificate Balance is reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be. All Realized Losses allocated to a Class of Component Certificates will be allocated, pro rata, to the related Components. (e) [Reserved]

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero[reserved]; and (1) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) in a Loan Group shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 Notional Amount Certificates and the Class PO Certificates)related to such Loan Group, pro rata rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is has been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses on the Mortgage Loans in a Loan Group shall be allocated to the Classes of Senior Certificates (other than of the Notional Amount Certificates and the Class PO Certificates) related Senior Certificate Group and the Subordinated Certificates then outstanding, pro rata, on the basis of, with respect to such Senior Certificates, their respective Class Certificate Balances immediately prior to the related Distribution Date and, with respect to each Class of Subordinated Certificates, the applicable Assumed Balance immediately prior to the related Distribution Date for each such Class relating to the Loan Group in which such Excess Loss occurs; provided, however, on any Distribution Date after the second Senior Termination Date for a Senior Certificate Group, such Excess Losses on the Mortgage Loans in the related Loan Group will be allocated to the Senior Certificates and the Subordinated Certificates on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their respective Class Certificate Balances and their respective initial Class Certificate Balances, in each case immediately prior to the related Distribution Date. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool aggregate Stated Principal Balance for of the following Mortgage Loans as of the Due Date in the month of 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 4.04(a) or 4.04(b) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) or 4.04(b) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be. (e) [Reserved]

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M M-1 Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each any other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss on a Mortgage Loan in a Loan Group shall be allocated to the related Class PO Certificates Component, until the Class Certificate Component Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 second, to the Classes of Senior Certificates (other than the any Notional Amount Certificates and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; provided, however, that (i) the Non-PO Percentage of any Realized Losses on the Mortgage Loans in Loan Group 1 that would otherwise be allocated to the Class 1-A-1, Class 1-A-4, Class 1-A-6, Class 1-A-9, Class 1-A-10, Class 1-A-12, Class 1-A-13 and Class 1-A-15 Certificates will instead be allocated, pro rata, to the Class 1-A-14 Certificates, until its Class Certificate Balance is reduced to zero; (ii) the Non-PO Percentage of any Realized Losses on the Mortgage Loans in Loan Group 2 that would otherwise be allocated to the Class 2-A-3, Class 2-A-10, Class 2-A-11, Class 2-A-12 and Class 2-A-13 Certificates will instead be allocated, pro rata, to the Class 2-A-4 Certificates, until its Class Certificate Balance is reduced to zero and (iii) the Non-PO Percentage of any Realized Losses on the Mortgage Loans in Loan Group 2 that would otherwise be allocated to the Class 2-A-5 Certificates will instead be allocated to the Class 2-A-6 Certificates, until its Class Certificate Balance is reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance or Component Balance of a CertificateCertificate or Component, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be. (e) On each Distribution Date on which a Class of Exchangeable Certificates shall be entitled to receive distributions pursuant to Section 3.08, such Class shall be allocated a proportionate share of the Realized Losses allocable to the Classes of Depositable Certificates in the related Recombination Group.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 Classes of Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances Balances, or, in the case of each any Class of Accrual CertificatesCertificates or Accrual Component, on the basis of the lesser of their respective Class Certificate Balances or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; provided, however, that the Non-PO Percentage of any Realized Losses that would otherwise be allocated to the Class A-8 and Class A-10 Certificates will instead be allocated to the Class A-9 and Class A-11 Certificates, respectively, until their respective Class Certificate Balances are reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date and any amounts in the Pre-Funding Account as of that Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance or Component Balance of a CertificateCertificate or Component, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 Classes of Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances Balances, or, in the case of each any Class of Accrual CertificatesCertificates or Accrual Component, on the basis of the lesser of their respective Class Certificate Balances or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; provided, however, that the Non-PO Percentage of any Realized Losses that would otherwise be allocated to the Class A-2 and Class A-5 Certificates will instead be allocated to the Class A-6 and Class A-7 Certificates, respectively, until their respective Class Certificate Balances are reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance or Component Balance of a CertificateCertificate or Component, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be. (e) On each Distribution Date on which a Class of Exchangeable Certificates shall be entitled to receive distributions pursuant to Section 3.08, such Class shall be allocated a proportionate share of the Realized Losses allocable to the Classes of Depositable Certificates in the related Combination Group.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; provided, however, that the Non-PO Percentage of any Realized Losses on the Mortgage Loans that would otherwise be allocated the Class A-8 Certificates shall instead be allocated to the Class A-9 Certificates, until its Class Certificate Balance is reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be. All Realized Losses allocated to a Class of Component Certificates will be allocated, pro rata, to the related Components. (e) [Reserved]

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each any other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss on a Mortgage Loan in Loan Group 1 and Loan Group 2 shall be allocated to the related Class of Class PO Certificates Certificates, until the respective Class Certificate Balance thereof is reduced to zero; and (1ii) (x) the applicable Non-PO Percentage of any Realized Loss on a Mortgage Loan in Loan Group 1 and Loan Group 2 and (other than an Excess Lossy) the amount of any Realized Loss on a Mortgage Loan in Loan Group 3 and Loan Group 4 shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 Classes of Certificates of the related Senior Certificates Certificate Group (other than the any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual CertificatesCertificates or Accrual Component, on the basis of the lesser of their its respective Class Certificate Balances Balance or Component Balance, as applicable, and their its respective initial Class Certificate BalancesBalance or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; provided, however, that the Non-PO Percentage of any Realized Losses on the Mortgage Loans in Loan Group 1 that would otherwise be allocable to the Class 1-A-4 Certificates will instead be allocated to the Class 1-A-5 Certificates, until its Class Certificate Balance is reduced to zero and the Non-PO Percentage of any Realized Losses on the Mortgage Loans in Loan Group 2 that would otherwise be allocable to the Class 2-A-1 Certificates will instead be allocated to the Class 2-A-2 Certificates, until its Class Certificate Balance is reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance or Component Balance of a CertificateCertificate or Component, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each any other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess LossLoss on a Mortgage Loan in a Loan Group, shall be allocated to the Class related PO Certificates Class, until the respective Class Certificate Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, zero and second to the Classes of Certificates of the related Senior Certificates Certificate Group (other than the any Notional Amount Certificates Certificates, if applicable, and the Class related PO CertificatesClass), pro rata on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances Balances, or, in the case of each any Class of Accrual CertificatesCertificates or Accrual Component, on the basis of the lesser of their its respective Class Certificate Balances Balance or Component Balance, as applicable, and their its respective initial Class Certificate BalancesBalance or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; provided, however, that the Non-PO Percentage of any Realized Losses on the Mortgage Loans in Loan Group 1 otherwise allocable on any Distribution Date to the Class 1-A-5 Certificates shall instead be allocated to the Class 1-A-6 Certificates, until its Class Certificate Balance is reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates Classes in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "“Certificate Balance" or "Component Balance," as the case may be”.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates PO-1 Component, if such Realized Loss relates to a Loan Group 1 Mortgage Loan until the Component Balance thereof is reduced to zero, to the Class Certificate PO-2 Component, if such Realized Loss relates to a Loan Group 2 Mortgage Loan until the Component Balance thereof is reduced to zero; and (1ii) (A) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 any Notional Amount Certificates Certificates, if applicable, and the related Class PO CertificatesComponent), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and provided, that any Realized Losses (2other than Excess Loss) on the applicable NonMortgage Loans in Loan Group 1 otherwise allocable to the Class 1-PO Percentage of any Excess Losses A-4 and 1-A-12 Certificates shall be allocated to the Senior Certificates (other than the Notional Amount Certificates Class 1-A-14 and the Class PO 1-A-13 Certificates) and the Subordinated Certificates then outstanding, pro ratarespectively, on the basis of until their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their respective Class Certificate Balances and their respective initial Class Certificate Balances, in each case immediately prior are reduced to the related Distribution Date. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following 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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.zero; and

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first first, to the Subordinated Certificates in reverse order ----- of their respective numerical Class designations (beginning with the Class of Subordinated Certificates then outstanding with the highest numerical Class designation) designations, until the respective Class Certificate Balance of each such Class is reduced to zerozero and second, and second to the Senior Certificates (other than the Notional Amount Certificates ------ Class X-1 and the Class PO X-2 Certificates), pro rata rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of any Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and; (2ii) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates Class X-1 and the Class PO X-2 Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of any Accrual Certificates, on the basis of the lesser of their respective the Class Certificate Balances Balance and their respective the initial Class Certificate BalancesBalance thereof, in each case immediately prior to the related Distribution Date, until the Class Certificate Balances thereof have been reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following 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 4.04(a4.05(b) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, Certificate pursuant to Section 4.04(a4.05(b) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; provided, that the Non-PO Percentage of any Realized Losses that would otherwise be allocated to the Class A-6 Certificates will instead be allocated to the Class A-15 Certificates, until its Class Certificate Balance is reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the sum of the Pool Stated Principal Balance for the following Distribution Date and any amounts in the Supplemental Loan Account as of that Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be. All Realized Losses allocated to a Class of Component Certificates will be allocated, pro rata, to the related Components. (e) [Reserved]

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss on a Mortgage Loan in a Loan Group shall be allocated to the related Class PO Certificates Component, until the Class Certificate Component Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 second, to the Class M Certificates, until its respective Class Certificate Balance, and third, to the Classes of Senior Certificates (other than the any Notional Amount Certificates and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances or Component Balance, as applicable, immediately prior to such Distribution Date, and their respective initial Class Certificate BalancesBalances or Component Balance, in as applicable, until the respective Class Certificate Balance or Component Balance of each case immediately prior such Class or Component is reduced to the related Distribution Datezero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereofof a Certificate or Component, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.pursuant to

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 Notional Amount Certificates and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each Class of the Accrual Certificates, on the basis of the lesser of their its Class Certificate Balance and their its initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of the Accrual Certificates, on the basis of the lesser of their respective its Class Certificate Balances Balance and their respective its initial Class Certificate BalancesBalance, in each case immediately prior to the related Distribution Date. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following 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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be. Any payment under the Class A-15 Policy pursuant to Section 4.05 in respect of a Realized Loss allocated to the Class A-15 Certificates shall not result in a further reduction to the Certificate Balance of the Class A-15 Certificates. (e) Any Realized Loss allocated to the Class A-15 Certificates will be covered by the Class A-15 Policy.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1) and the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the sum of the Pool Stated Principal Balance for the following Distribution Date and any amounts in the Supplemental Loan Account as of that Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be. All Realized Losses allocated to a Class of Component Certificates will be allocated, pro rata, to the related Components. (e) Any Realized Losses allocated to the Class A-6 Certificates will be covered by the Class A-6 Policy. Any payment under the Class A-6 Policy with respect to a Realized Loss allocated to the Class A-6 Certificates shall not result in a further reduction to the Class Certificate Balance of the Class A-6 Certificates.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and[Reserved] (1A) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) on the Mortgage Loans shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 Notional Amount Certificates and the Class PO Certificates), if applicable, pro rata rata, on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2B) the applicable Non-PO Percentage of any Excess Losses on the Mortgage Loans shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Classes of Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their respective Class Certificate Balances and their respective initial Class Certificate Balances, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance of each such Class is reduced to zero; provided, however, that after the Senior Credit Support Depletion Date, such Excess Losses shall be allocated, pro rata, to all Classes of Senior Certificates on the basis of their respective Class Certificate Balances immediately prior to the related Distribution Date. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for as of the following Due Date in the month of 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 4.04(a4.04(b) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a4.04(b) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or ."Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1ii) (A) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date. (b) The , until the respective Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following 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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereofof each such Class or Component is reduced to zero, as applicable, immediately following the distributions made provided that any Realized Losses (other than Excess Losses) on the related Distribution Date in accordance with Mortgage Loans otherwise allocable to the definition of "Class A-13 Certificates shall be allocated to the Class A-15 Certificates, until its Class Certificate Balance" or "Component Balance," as the case may be.Balance is reduced to zero; and

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates PO-1 Component, if such Realized Loss relates to a Loan Group 1 Mortgage Loan until the Component Balance thereof is reduced to zero, to the Class Certificate PO-2 Component, if such Realized Loss relates to a Loan Group 2 Mortgage Loan until the Component Balance thereof is reduced to zero; and (1ii) (A) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 any Notional Amount Certificates Certificates, if applicable, and the related Class PO CertificatesComponent), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual CertificatesCertificates or Accrual Components, on the basis of the lesser of their Class Certificate Balance or Component Balance, as applicable, and their initial Class Certificate Balance or Component Balance, as applicable,, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; provided, that any Realized Losses (other than Excess Losses) on the Mortgage Loans in Loan Group 1 otherwise allocable to the Class 1-A-1 and 1-A-3 Certificates shall be allocated to the Class 1-A-9 and 1-A-8 Certificates, respectively, until their respective Class Certificate Balances are reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their respective Class Certificate Balances and their respective initial Class Certificate Balances, in each case immediately prior to the related Distribution Date. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following 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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 Notional Amount Certificates and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date Date, until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their respective Class Certificate Balances and their respective initial Class Certificate Balances, in each case immediately prior to the related Distribution Date. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following 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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be. (e) [Reserved]

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1ii) (A) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date. , until the respective Class Certificate Balance or Component Balance of each such Class is reduced to zero; provided, that (bi) The any Realized Losses (other than an Excess Loss) on the Mortgage Loans otherwise allocable to (x) the Class A-1 Certificates on any Distribution Date will instead be allocated to the Class A-14 Certificates, in an amount up to the product of 52.28% and the Class Certificate Balance of the Class A-14 Certificates immediately preceding that Distribution Date, but not to exceed a total of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each $3,262,000 for that Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amountall preceding Distribution Dates, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in until the Class Certificate Balance of a the Class of A-14 Certificates pursuant is reduced to Section 4.04(azero, and (y) above shall the Class A-4 Certificates on any Distribution Date will instead be allocated among to the Certificates Class A-14 Certificates, in an amount up to the product of such 47.72% and the Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of the Class A-14 Certificates immediately preceding that Distribution Date, but not to exceed a Certificatetotal of $2,977,000 for that Distribution Date and all preceding Distribution Dates, pursuant to Section 4.04(a) above shall be accomplished by reducing until the Class Certificate Balance or Component Balance thereof, as applicable, immediately following of the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.Class A-14 Certificates is reduced to zero; and

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each any other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess LossLoss on a Mortgage Loan in a Loan Group, shall be allocated to the Class related PO Certificates Component, until the respective Class Certificate Balance or Component Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, zero and second to the Classes of Certificates of the related Senior Certificates Certificate Group (other than the any Notional Amount Certificates Certificates, if applicable, and the Class related PO CertificatesComponent), pro rata on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances Balances, or, in the case of each any Class of Accrual CertificatesCertificates or Accrual Component, on the basis of the lesser of their its respective Class Certificate Balances Balance or Component Balance, as applicable, and their its respective initial Class Certificate BalancesBalance or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; provided, however, that the Non-PO Percentage of any Realized Losses on the Mortgage Loans in Loan Group 1 otherwise allocable on any Distribution Date to the Class 1-A-17 Certificates shall instead be allocated to the Class 1-A-18 Certificates, until its Class Certificate Balance is reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date and any amounts in the Supplemental Loan Account as of that Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance or Component Balance of a CertificateCertificate or Component, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "“Certificate Balance" ” or "“Component Balance," ” as the case may be. Except as provided in Section 4.04(a)(i) above, all Realized Losses allocated to a Class of Component Certificates will be allocated pro rata to the related Components.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1ii) (A) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual CertificatesCertificates or Accrual Component, on the basis of the lesser of their Class Certificate Balance or Component Balance, as applicable, and their initial Class Certificate Balance or Component Balance, as applicable, in each case immediately prior to the related Distribution Date Date, until the respective Class Certificate Balance of each such Class is been reduced to zero, provided that any Realized Losses (other than Excess Losses) on the Mortgage Loans otherwise allocable to the Class A-16, Class A-20 and Class A-31 Certificates shall be allocated to the Class A-17, Class A-21 and Class A-32 Certificates, respectively, until their respective Class Certificate Balances are reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their respective Class Certificate Balances and their respective initial Class Certificate Balances, in each case immediately prior to the related Distribution Date. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following 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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; provided, that the Non-PO Percentage of any Realized Losses that would otherwise be allocated to the Class A-6 Certificates will instead be allocated to the Class A-7 Certificates, until its Class Certificate Balance is reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the sum of the Pool Stated Principal Balance for the following Distribution Date and any amounts in the Supplemental Loan Account as of that Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be. All Realized Losses allocated to a Class of Component Certificates will be allocated, pro rata, to the related Components. (e) [Reserved]

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1ii) (A) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class or Component of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance or Component Balance, as applicable, and their initial Class Certificate Balance or Component Balance, as applicable, in each case immediately prior to the related Distribution Date Date, until the respective Class Certificate Balance or Component Balance, as applicable, of each such Class or Component is been reduced to zero, provided, however, that any Realized Losses (other than Excess Losses) on the Mortgage Loans otherwise allocable to the Class A-3-1 Component or Class A-4 Certificates shall be allocated to the Class A-6 Certificates, until its Class Certificate Balance is reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rataprovided further, on the basis of their respective Class Certificate Balances or, that in the case of each any Class or Component of Accrual Certificates, on the basis of the lesser of their respective Class Certificate Balances Balance or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalance or Component Balance, as applicable, in each case immediately prior to the related Distribution Date. (b) The , until the respective Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following 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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereofBalance, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" each Class or "Component Balance," as the case may be.is reduced to zero]; and

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each any other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss on a Mortgage Loan in a Loan Group shall be allocated to the related Class PO Certificates Component, until the Class Certificate Component Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 second, to the Classes of Senior Certificates (other than the any Notional Amount Certificates and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; provided, however, that the Non-PO Percentage of any Realized Losses on the Mortgage Loans in Loan Group 1 that would otherwise be allocated to the Class 1-A-2, Class 1-A-3, Class 1-A-4, Class 1-A-7, Class 1-A-9 and Class 1-A-11 Certificates will instead be allocated to the Class 1-A-10 Certificates, as follows: (i) the first $3,162,549 of Realized Losses that would otherwise be allocated to the Class 1-A-2 Certificates will instead be allocated to the Class 1-A-10 Certificates, (ii) the first $862,513 of Realized Losses that would otherwise be allocated to the Class 1-A-3 Certificates will instead be allocated to the Class 1-A-10 Certificates, (iii) the first $862,513 of Realized Losses that would otherwise be allocated to the Class 1-A-4 Certificates will instead be allocated to the Class 1-A-10 Certificates, (iv) the first $9,775,151 of Realized Losses that would otherwise be allocated to the Class 1-A-7 Certificates will instead be allocated to the Class 1-A-10 Certificates, (v) the first $6,774,755 of Realized Losses that would otherwise be allocated to the Class 1-A-9 Certificates will instead be allocated to the Class 1-A-10 Certificates and (vi) the first $826,518 of Realized Losses that would otherwise be allocated to the Class 1-A-11 Certificates will instead be allocated to the Class 1-A-10 Certificates, in each case until the Class Certificate Balance of the Class 1-A-10 Certificates is reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance or Component Balance of a CertificateCertificate or Component, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss on a Mortgage Loan in a Loan Group shall be allocated to the related Class PO Certificates Component, until the Class Certificate Component Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 second, to the Class M Certificates, until its respective Class Certificate Balance, and third, to the Classes of Senior Certificates (other than the any Notional Amount Certificates and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances or Component Balance, as applicable, immediately prior to such Distribution Date, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; provided, however, that the Non-PO Percentage of any Realized Losses on the Mortgage Loans in Loan Group 1 that would otherwise be allocated to the Class 1-A-5 and Class 1-A-7 Certificates will instead be allocated to the Class 1-A-1 Certificates, as follows: (x) with respect to the Class 1-A-5 Certificates, in an amount up to the product of approximately 72.19% and the Class Certificate Balance of the Class 1-A-1 Certificates and up to a maximum of $1,362,900 and (y) with respect to the Class 1-A-7 Certificates, in an amount up to the product of approximately 27.81% and the Class Certificate Balance of the Class 1-A-1 Certificates and up to a maximum of $525,000, in each case immediately prior case, until the Class Certificate Balance of the Class 1-A-1 Certificates is reduced to zero and the Non-PO Percentage of any Realized Losses on the Mortgage Loans in Loan Group 2 that would otherwise be allocated to the related Distribution DateClass 2-A-1, Class 2-A-2, Class 2-A-5, Class 2-A-6, Class 2-A-9 and Class 2-A-12 Certificates will instead be allocated to the Class 2-A-3, Class 2-A-4, Class 2-A-7, Class 2-A-8, Class 2-A-10 and Class 2-A-13 Certificates, respectively, until their respective Class Certificate Balances are reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance or Component Balance of a CertificateCertificate or Component, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "“Certificate Balance" ” or "“Component Balance," ” as the case may be. All Realized Losses allocated to a Class of Component Certificates will be allocated, pro rata, to the related Components.

Allocation of Realized Losses. (a) On or prior to each Determination Distribution Date, the Trustee Master Servicer shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class A-PO Certificates until the Class Certificate Principal Balance thereof is reduced to zero; and (1) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Junior Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated Junior 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 (other than the Notional Amount Certificates Class A-X and the Class A-PO Certificates), pro rata on the basis of their respective Class Certificate Principal Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is has been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates Class A-X and the Class A-PO Certificates) and the Subordinated Junior Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their respective Class Certificate Balances and their respective initial Class Certificate Principal Balances, in each case immediately prior to the related Distribution Date. (b) The Class Certificate Principal Balance of the Class of Subordinated Junior Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class A-PO Certificates in respect of Class A-PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Principal Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and payments of the Class A-PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Principal Balance of a Class of Certificates pursuant to Section 4.04(a4.03(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Principal Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Principal Balance of a Certificate, pursuant to Section 4.04(a4.03(a) above shall be accomplished by reducing the Certificate Balance or Component Principal Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Principal Balance" or herein; provided that no Realized Loss shall be allocated to reduce the Certificate Principal Balance of a Certificate to the extent that such allocation would reduce the aggregate Certificate Principal Balance of all classes of Certificates to an amount less than the Scheduled Principal Balance of all Outstanding Mortgage Loans as of the Due Date occurring in the month of such Distribution Date, less any Deficiency Valuations occurring before the Bankruptcy Loss Coverage Termination Date (such limitation, the "Component Balance," as the case may beLoss Allocation Limitation").

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and[Reserved] (1A) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) on the Mortgage Loans shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 any Notional Amount Certificates and the Class PO Certificates), if applicable, pro rata rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; provided, however, that in the case of any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance of each such Class is reduced to zero; and (2B) the applicable Non-PO Percentage of any Excess Losses on the Mortgage Loans shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Classes of Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances orimmediately prior to the related Distribution Date; provided, in however, that after the case Senior Credit Support Depletion Date, such Excess Losses shall be allocated, pro rata, to all Classes of each Class of Accrual Certificates, Senior Certificates on the basis of the lesser of their respective Class Certificate Balances and their respective initial Class Certificate Balances, in each case Balances immediately prior to the related Distribution Date. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for as of the following Due Date in the month of 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 4.04(a4.04(b) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a4.04(b) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or ."Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss on a Mortgage Loan in a Loan Group shall be allocated to the related Class PO Certificates Component, until the Class Certificate Component Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 related Senior Certificates (other than the any Notional Amount Certificates Certificates, if applicable, and the related Class PO CertificatesComponent), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances Balance or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; provided, however, that the applicable Non-PO Percentage of any Realized Losses on the Mortgage Loans in Loan Group 1 that would otherwise be allocated to the Class 1-A-4 and Class 1-A-6 Certificates shall instead be allocated concurrently to the Class 1-A-11 Certificates as follows: (i) the first $1,875,400 of Realized Losses that would otherwise be allocated to the Class 1-A-4 Certificates will instead be allocated to the Class 1-A-11 Certificates and (ii) the first $2,520,000 of Realized Losses that would otherwise be allocated to the Class 1-A-6 Certificates shall instead be allocated to the Class 1-A-11 Certificates, in each case until the Class Certificate Balance of the Class 1-A-11 Certificates is reduced to zero, and (y) on the Mortgage Loans in Loan Group 2 that would otherwise be allocated: to the Class 2-A-4, Class 2-A-6 and Class 2-A-8 Certificates shall instead be allocated concurrently to the Class 2-A-9 Certificates as follows: (i) the first $744,500 of Realized Losses that would otherwise be allocated to the Class 2-A-4 Certificates shall instead be allocated to the Class 2-A-9 Certificates, (ii) the first $837,000 of Realized Losses that would otherwise be allocated to the Class 2-A-6 Certificates shall instead be allocated to the Class 2-A-9 Certificates, and (iii) the first $1,750,000 of Realized Losses that would otherwise be allocated to the Class 2-A-8 Certificates shall instead be allocated to the Class 2-A-9 Certificates, in each case until the Class Certificate Balance of the Class 2-A-9 Certificates is reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the sum of the Pool Stated Principal Balance for the following Distribution Date and any amounts in the Supplemental Loan Account as of that Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances.. 103 (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be. All Realized Losses allocated to a Class of Component Certificates will be allocated pro rata to the related Components.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; provided, however, that the Non-PO Percentage of any Realized Losses on the Mortgage Loans that would otherwise be allocated the Class A-7 Certificates shall instead be allocated to the Class A-8 Certificates, until its Class Certificate Balance is reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be. All Realized Losses allocated to a Class of Component Certificates will be allocated, pro rata, to the related Components. (e) [Reserved]

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 Classes of Senior Certificates (other than the any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be. All Realized Losses allocated to a Class of Component Certificates will be allocated, pro rata, to the related Components. (e) [Reserved]

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Principal Balance thereof is reduced to zero; and (1) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 (other than the Notional Amount Certificates and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Principal Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Principal Balance and their initial Class Certificate Principal Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Principal Balance of each such Class is has been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Principal Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their respective Class Certificate Principal Balances and their respective initial Class Certificate Principal Balances, in each case immediately prior to the related Distribution Date. (b) The Class Certificate Principal Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Principal Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and payments of the Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Principal Balance of a Class of Certificates pursuant to Section 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Principal Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Principal Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Principal Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Principal Balance" or "Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Distribution Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Principal Balance thereof is reduced to zero; and (1) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Junior Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated Junior 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 (other than the Notional Amount Certificates Class A-4, Class A-X and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Principal Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date (or, in the case of the Class A-8 Certificates, the lesser of the initial Class Principal Balance of such Class or the then outstanding Class Principal Balance of such Class) until the respective Class Certificate Principal Balance (or, in the case of the Class A-8 Certificates, the initial Class Principal Balance if less than the outstanding Class Principal Balance of such Class) of each such Class is has been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates Class A-4, Class A-X and the Class PO Certificates) and the Subordinated Junior Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Principal Balances (or, in the case of each the Class of Accrual A-8 Certificates, on the basis of the lesser of their respective Class Certificate Balances and their respective the initial Class Certificate Balances, in each case immediately prior to Principal Balance of such Class or the related Distribution Datethen outstanding Class Principal Balance of such Class). (b) The Class Certificate Principal Balance of the Class of Subordinated Junior Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Principal Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and payments of the Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Principal Balance of a Class of Certificates pursuant to Section 4.04(a4.03(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Principal Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Principal Balance of a Certificate, pursuant to Section 4.04(a4.03(a) above shall be accomplished by reducing the Certificate Balance or Component Principal Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Principal Balance" or herein; provided that no Realized Loss shall be allocated to reduce the Certificate Principal Balance of a Certificate to the extent that such allocation would reduce the aggregate Certificate Principal Balance of all classes of Certificates to an amount less than the Scheduled Principal Balance of all Outstanding Mortgage Loans as of the Due Date occurring in the month of such Distribution Date, less any Deficiency Valuations occurring before the Bankruptcy Loss Coverage Termination Date (such limitation, the "Component Balance," as the case may beLoss Allocation Limitation").

Allocation of Realized Losses. (a) On or prior to each Determination Distribution Date, the Trustee Securities Administrator shall determine aggregate the loan-level information provided by the Master Servicer with respect to the total amount of Realized Losses, including Excess Losses, Losses and the total amount of Charged-off Amounts with respect to each Loan Group for the related Distribution Date. For purposes of allocating losses to Date and include such information in the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows:Statement. (b) On each Distribution Date, (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Losses and Charged-off Amounts on Discount Mortgage Loans in Loan Group 1 that occurred during the related prepayment period shall be allocated to the Class PO Certificates PO-1 Component until the Class Certificate its Component Principal Balance thereof is reduced to zero; and, and (ii) the applicable PO Percentage of Realized Losses and Charged-off Amounts on Discount Mortgage Loans in Loan Group 2 that occurred during the related prepayment period shall be allocated to the PO-2 Component until its Component Principal Balance is reduced to zero. (1c) On each Distribution Date, the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) Losses and Charged-off Amounts that occurred during the related prepayment period shall be allocated first as follows: first, to the Subordinated Subordinate Certificates in reverse order of their respective numerical alphanumerical Class designations (beginning with the Class of Subordinated Subordinate Certificates then outstanding with the highest numerical alphanumerical Class designation) until the respective Class Certificate Principal Balance of each such Class is reduced to zero; and (A) with respect to such Realized Losses and Charged-off Amounts related to Loan Group 1, and second to the Senior Certificates (other than the Notional Amount Certificates Class A-1 and Class A-R Certificates, pro rata, until the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Principal Balance of each such Class is been reduced to zero; and (B) with respect to such Realized Losses and Charged-off Amounts related to Loan Group 2) the applicable Non-PO Percentage of any Excess Losses shall be allocated , to the Senior Certificates (other than the Notional Amount Certificates and the Class PO A-2 Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective until its Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their respective Class Certificate Balances and their respective initial Class Certificate Balances, in each case immediately prior Principal Balance is reduced to the related Distribution Date.zero; (bd) The Class Certificate Principal Balance of the Class of Subordinated Subordinate Certificates then outstanding with the highest numerical alphanumerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments to on the Class PO Certificates Components in respect of Class any PO Deferred Amounts pursuant to Section 5.01(a)(iii) and (ii) the amount, if any, by which the aggregate of the Class Certificate Principal Balances of all outstanding Classes of Certificates and the aggregate of the Component Principal Balances of all outstanding PO Components (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Charged-off Amounts on such Distribution Date) exceeds the Pool aggregate of the Stated Principal Balance Balances of all the Mortgage Loans for the following Distribution Date. On any Distribution Date, to the extent that the Class Certificate Principal Balance of the Class L Certificates has been reduced as a result of the allocation a Realized Loss or a Charged-off Amount, the Securities Administrator will withdraw from the Standby Reserve Account, to the extent funds are available therein, the amount referred to in Section 4.04(c)(A) or (B), as applicable, for such Distribution Date, and distribute, as principal, the amount referred to in Section 4.04(c)(A) or (B), as applicable, to the Class or Classes of Certificates which were allocated such Realized Loss or Charged-off Amount, as applicable, pro rata according to the amount of such Realized Loss or Charged-off Amount, as applicable; ); provided, further, that the Class Certificate Principal Balance of the Class L Certificates shall not be further reduced as a result of such payment. (ce) Any Realized Loss or Charged-off Amount allocated to a Class of Certificates or any reduction in the Class Certificate Principal Balance of a Class of Certificates pursuant to Section 4.04(a5.03(c) above or (d) shall be allocated among the Certificates of such Class Class, pro rata, in proportion to their respective Certificate Principal Balances. (df) Any allocation of Realized Losses or Charged-off Amounts to a Certificate or to any PO Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a5.03(b) above shall be accomplished by reducing the Certificate Component Principal Balance or Component Balance thereof, as applicable, thereof immediately following the distributions made on the related Distribution Date in accordance with the definition of "“Component Principal Balance.” Any allocation of Realized Losses or Charged-off Amounts to a Certificate or any reduction in the Certificate Principal Balance of a Certificate pursuant to Section 5.03(c) or (d) shall be accomplished by reducing the Certificate Principal Balance thereof immediately following the distributions made on the related Distribution Date in accordance with the definition of “Certificate Principal Balance" or "Component Balance," as the case may be.”

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each any other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess LossLoss on a Mortgage Loan in a Loan Group, shall be allocated to the related Class PO Certificates Component, until the Class Certificate Component Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, zero and second to the Classes of Certificates of the related Senior Certificates Certificate Group (other than the any Notional Amount Certificates Certificates, if applicable, and the related Class PO CertificatesComponent), pro rata on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual CertificatesCertificates or Accrual Component, on the basis of the lesser of their its respective Class Certificate Balances Balance or Component Balance, as applicable, and their its respective initial Class Certificate BalancesBalance or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of such Class or Component is reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance or Component Balance of a CertificateCertificate or Component, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss on a Mortgage Loan in a Loan Group shall be allocated to the related Class PO Certificates Component, until the Class Certificate Component Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 related Senior Certificates (other than the any Notional Amount Certificates Certificates, if applicable, and the related Class PO CertificatesComponent), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances Balance or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; provided, however, that (x) the applicable Non-PO Percentage of any Realized Losses on the Mortgage Loans in Loan Group 2 that would otherwise be allocated to the Class 2-A-4 and Class 2-A-5 Certificates shall instead be allocated to the Class 2-A-8 Certificates as follows: (i) the first $1,131,650 of Realized Losses that would otherwise be allocated to the Class 2-A-4 Certificates shall instead be allocated to the Class 2-A-8 Certificates and (ii) the first $1,291,250 of Realized Losses that would otherwise be allocated to the Class 2-A-5 Certificates shall instead be allocated to the Class 2-A-8 Certificates, in each case until the Class Certificate Balance of the Class 2-A-8 Certificates is reduced to zero and (y) the applicable Non-PO Percentage of any Realized Losses on the Mortgage Loans in Loan Group 3 that would otherwise be allocated to the Class 3-A-4, Class 3-A-5 and Class 3-A-11 Certificates shall instead be allocated to the Class 3-A-10 Certificates as follows: (i) the first $1,571,225 of Realized Losses that would otherwise be allocated to the Class 3-A-4 Certificates shall instead be allocated to the Class 3-A-10 Certificates, (ii) the first $2,105,000 of Realized Losses that would otherwise be allocated to the Class 3-A-5 Certificates shall instead be allocated to the Class 3-A-10 Certificates and (iii) the first $1,500,000 of Realized Losses that would otherwise be allocated to the Class 3-A-11 Certificates shall instead be allocated to the Class 3-A-10 Certificates, in each case until the Class Certificate Balance of the Class 3-A-10 Certificates is reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the sum of the Pool Stated Principal Balance for the following Distribution Date and any amounts in the Supplemental Loan Account as of that Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be. Except as provided in Section 4.04(a)(i) above, all Realized Losses or Excess Losses allocated to a Class of Component Certificates will be allocated pro rata to the related Components.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized LossesLosses with respect to each Loan Group, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1) the applicable Non-PO Percentage of any Realized Loss Losses (other than an Excess LossLosses with respect to Mortgage Loans in Aggregate Loan Group II) on the Mortgage Loans in a Loan Group shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 of the related Senior Certificate Group (other than the any Notional Amount Certificates and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstandingif applicable, pro rata, on the basis of their respective Class Certificate Balances orin each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance of each such Class is reduced to zero; and (ii) On each Distribution Date, Excess Losses on the Mortgage Loans in Aggregate Loan Group II shall be allocated among the Classes of Group II Senior Certificates of the related Senior Certificate Group (other than the related Notional Amount Certificates (if any)) and the Group II Subordinated Certificates as follows: (A) in the case of each Class of Accrual the Group II Senior Certificates, the applicable Senior Percentage of such Excess Losses shall be allocated among the Classes of Group II Senior Certificates (other than the Notional Amount Certificates) in the related Senior Certificate Group pro rata on the basis of the lesser of their respective Class Certificate Balances immediately prior to the related Distribution Date and (B) in the case of the Group II Subordinated Certificates, the applicable Subordinated Percentage of such Excess Losses shall be allocated among the Classes of Group II Subordinated Certificates pro rata based on each Class’s share of the Subordinated Portion related to such Loan Group immediately prior to the related Distribution Date. Each Class of Group II Subordinated Certificates share of the Subordinated Portion for a Loan Group shall be based on the Class Certificate Balance of each Class of Group II Subordinated Certificates; provided, however, on any Distribution Date after the fourth Senior Termination Date related to the Group II Senior Certificates, such Excess Losses on the Mortgage Loans in the related Loan Group shall be allocated to the Group II Senior Certificates and the Group II Subordinated Certificates (other than any Notional Amount Certificates, if applicable) on the basis of their respective initial Class Certificate BalancesBalances immediately prior to such Distribution Date; provided further, in each case however, on any Distribution Date on and after the Senior Credit Support Depletion Date related to the Group II Senior Certificates, any Excess Loss shall be allocated, pro rata, among the Classes of Group II Senior Certificates (other than the Notional Amount Certificates) based on their respective Class Certificate Balances immediately prior to the related Distribution Date. (b) The Class Certificate Balance of the Class of Group I Subordinated Certificates and Group II Subordinated Certificates, as applicable, then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Group I Certificates or Group II Certificates, as applicable (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) ), exceeds the Pool Stated Principal Balance for of the following applicable Aggregate Loan Group as of the Due Date in the month of 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 4.04(a4.04(b) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a4.04(b) above shall be accomplished by reducing the Certificate Balance, Component Balance or Component Balance Subordinated Portion thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "“Certificate Balance" or ",” “Component Balance” or “Subordinated Portion," ” as the case may be. (e) Realized Losses shall be allocated among the REMIC I Regular Interests, REMIC II-B Regular Interests, REMIC II-A Regular Interests and REMIC III Regular Interests as specified in the definitions of REMIC I Realized Losses, REMIC II-B Realized Losses, REMIC II-A Realized Losses and REMIC III Realized Losses, respectively.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the sum of the Pool Stated Principal Balance for the following Distribution Date and any amounts in the Supplemental Loan Account as of that Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be. All Realized Losses allocated to a Class of Component Certificates will be allocated, pro rata, to the related Components.

Allocation of Realized Losses. (a) On or prior to each Determination Distribution Date, the Trustee Master Servicer shall determine the total amount of Realized Losses, including Excess Losses, with respect to Losses and the related Distribution Date. For purposes allocation of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificatessuch total amount as set forth below. Realized Losses with respect to any Distribution Date occurring on the Mortgage Loans shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated (a) to the Class PO Certificates until related portion of the Class PO-1 Certificate Balance thereof is reduced in the case of a Realized Loss occurring on a Group 1 Mortgage Loan, (b) to zerothe related portion of the Class PO-1 Certificate in the case of a Realized Loss occurring on a Group 2 Mortgage Loan, (c) to the related portion of the Class PO-2 Certificate in the case of a Realized Loss occurring on a Group 3 Mortgage Loan and (d) to the related portion of the Class PO-2 Certificate in the case of a Realized Loss occurring on a Group 4 Mortgage Loan; and (1ii) (A) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Junior Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated Junior Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Principal Balance of each such Class is reduced to zero, zero and second (1) with respect to such losses occurring with respect to Group 1 Mortgage Loans, to the Senior Classes of Group 1 Certificates (other than not including the Notional Amount Principal-Only Certificates and the Class PO Interest-Only Certificates), pro rata on the basis of their respective Class Certificate Principal Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Principal Balance of each such Class is has been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated with respect to such losses occurring with respect to Group 2 Mortgage Loans, to the Senior Classes of Group 2 Certificates (other than not including the Notional Amount Principal-Only Certificates and the Class PO Interest-Only Certificates) and the Subordinated Certificates then outstanding), pro rata, rata on the basis of their respective Class Certificate Principal Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their respective Class Certificate Balances and their respective initial Class Certificate Balances, in each case immediately prior to the related Distribution Date. (b) The Date until the Class Certificate Principal Balance of each such Class has been reduced to zero; (3) with respect to such losses occurring with respect to Group 3 Mortgage Loans, to the Class Classes of Subordinated Group 3 Certificates then outstanding with (not including the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments Principal-Only Certificates and Interest-Only Certificates), pro rata on the Class PO Certificates in respect basis of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following 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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses Class Principal Balances immediately prior to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance until the Class Principal Balance of each such Class has been reduced to zero; (4) with respect to such losses occurring with respect to Group 4 Mortgage Loans, to the definition Classes of "Certificate Balance" or "Component Balance," as Group 4 Certificates (not including the case may be.Principal-Only Certificates and Interest-Only Certificates), pro rata on the basis of their respective Class Principal Balances immediately prior to the related Distribution Date until the Class Principal Balance of each such Class has been reduced to zero; and (5) with respect to such losses occurring with respect to Group 5 Mortgage Loans, to the Classes of Group 5 Certificates (not including the Interest-Only Certificates), pro rata on the basis of their respective Class Principal Balance immediately prior to the related Distribution Date until the Class Principal Balance of each such Class has been reduced to zero; and

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and[Reserved] (1A) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) on the Mortgage Loans in a Loan Group shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 of the related Senior Certificate Group (other than the any Notional Amount Certificates and the Class PO Certificates), if applicable, pro rata rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate BalanceBalances, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2B) On each Distribution Date, Excess Losses on the Mortgage Loans in a Loan Group shall be allocated among the Classes of Senior Certificates of the related Senior Certificate Group (other than the related Notional Amount Certificates (if any)) and the Subordinated Certificates as follows: (i) in the case of the Senior Certificates, the applicable Non-PO Senior Percentage of any such Excess Losses shall be allocated to among the Classes of Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and in the Subordinated Certificates then outstanding, related Senior Certificate Group pro rata, rata on the basis of their respective Class Certificate Balances or, immediately prior to the related Distribution Date and (ii) in the case of the Subordinated Certificates, the applicable Subordinated Percentage of such Excess Losses shall be allocated among the Classes of Subordinated Certificates pro rata based on each Class' share of the Subordinated Portion related to such Loan Group immediately prior to the related Distribution Date. Each Class of Subordinated Certificates share of the Subordinated Portion for a Loan Group shall be based on the Class Certificate Balance of each Class of Accrual Subordinated Certificates; provided, however, on any Distribution Date after the Senior Termination Date, such Excess Losses on the Mortgage Loans in the related Loan Group shall be allocated to the Senior Certificates and the Subordinated Certificates (other than any Notional Amount Certificates, if applicable) on the basis of the lesser of their respective Class Certificate Balances immediately prior to such Distribution Date; provided further, however, on any Distribution Date on and after the Senior Credit Support Depletion Date, any Excess Loss shall be allocated, pro rata, among the Classes of Senior Certificates (other than the Notional Amount Certificates) based on their respective initial Class Certificate Balances, in each case Balances immediately prior to the related Distribution Date. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for as of the following Due Date in the month of 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 4.04(a4.04(b) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a4.04(b) above shall be accomplished by reducing the Certificate Balance, Component Balance or Component Balance Subordinated Portion thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance," "Component Balance" or "Component BalanceSubordinated Portion," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each any other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss on a Mortgage Loan in a Loan Group shall be allocated to the related Class PO Certificates Component, until the Class Certificate Component Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 related Senior Certificates (other than the any Notional Amount Certificates Certificates, if applicable, and the related Class PO CertificatesComponent), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances Balance or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance or Component Balance of a CertificateCertificate or Component, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Distribution Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Principal Balance thereof is reduced to zero; and (1) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Junior Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated Junior 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 (other than the Notional Amount Certificates Class A-3, Class A-X and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Principal Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is has been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates Class A-3, Class A-X and the Class PO Certificates) and the Subordinated Junior Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their respective Class Certificate Balances and their respective initial Class Certificate Principal Balances, in each case immediately prior to the related Distribution Date. (b) The Class Certificate Principal Balance of the Class of Subordinated Junior Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Principal Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and payments of the Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Principal Balance of a Class of Certificates pursuant to Section 4.04(a4.03(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Principal Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Principal Balance of a Certificate, pursuant to Section 4.04(a4.03(a) above shall be accomplished by reducing the Certificate Balance or Component Principal Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Principal Balance" or herein; provided that no Realized Loss shall be allocated to reduce the Certificate Principal Balance of a Certificate to the extent that such allocation would reduce the aggregate Certificate Principal Balance of all classes of Certificates to an amount less than the Scheduled Principal Balance of all Outstanding Mortgage Loans as of the Due Date occurring in the month of such Distribution Date, less any Deficiency Valuations occurring before the Bankruptcy Loss Coverage Termination Date (such limitation, the "Component Balance," as the case may beLoss Allocation Limitation").

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class A-4-3 Component and the Class PO Certificates Certificates, pro rata, until the respective Component Balance and Class Certificate Balance thereof is are reduced to zero; and (1) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 Notional Amount Certificates Certificates, the Class A-4-3 Component and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each Class of the Accrual Certificates, on the basis of the lesser of their its Class Certificate Balance and their its initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates Certificates, the Class A-4-3 Component and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of the Accrual Certificates, on the basis of the lesser of their respective its Class Certificate Balances Balance and their respective its initial Class Certificate BalancesBalance, in each case immediately prior to the related Distribution Date. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on on, the Class A-4-3 Component and the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following 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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be. Any payment under the Class A-9 Policy pursuant to Section 4.05 in respect of a Realized Loss allocated to the Class A-9 Certificates shall not result in a further reduction to the Certificate Balance of the Class A-9 Certificates. (e) Any Realized Loss allocated to the Class A-9 Certificates will be covered by the Class A-9 Policy.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the each related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero[reserved]; and (1A) the applicable Non-PO Percentage of any Realized Loss (other than an any Excess Loss) on the Mortgage Loans in a Loan Group shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 Classes and Component of Senior Certificates of the related Senior Certificate Group as follows: (1) any Realized Losses, other than the Notional Amount Certificates and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual CertificatesExcess Losses, on the basis of Group 1 Mortgage Loans will be allocated, sequentially, to the lesser of their Class C-M-1 Component and Class 1-A-1 Certificates, in that order, until the Component Balance and Class Certificate Balance thereof are reduced to zero; and their initial (2) any Realized Losses, other than Excess Losses, on the Group 2 Mortgage Loans will be allocated sequentially, to the Class Certificate BalanceC-M-2 Component and Class 2-A-1 Certificates, in each case immediately prior to the related Distribution Date that order, until the respective Component Balance and Class Certificate Balance of each such Class is been thereof are reduced to zero; and (2B) On each Distribution Date, Excess Losses on the applicable Non-PO Mortgage Loans in a Loan Group shall be allocated pro rata among the Classes and Component of Senior Certificates of the related Senior Certificate Group and the Subordinated Certificates as follows: (i) in the case of the Senior Certificates, the Senior Percentage of any such Excess Losses shall be allocated to among the Classes and Componet of Senior Certificates (other than in the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstandingrelated Senior Certificate Group, pro rata, on the basis of their respective Class Certificate Balances or, and Component Balance immediately prior to the related Distribution Date and (ii) in the case of each Class of Accrual the Subordinated Certificates, the Subordinated Percentage of such Excess Loss shall be allocated among the Classes of Subordinated Certificates, pro rata, based on each Class' share of the Assumed Balance of the related Loan Group immediately prior to the related Distribution Date; provided, however, on any Distribution Date after a Senior Termination Date for a Senior Certificate Group, such Excess Losses on the Mortgage Loans in the related Loan Group shall be allocated to the Senior Certificates and the Subordinated Certificates on the basis of the lesser of their respective Class Certificate Balances or Component Balance, as applicable, immediately prior to such Distribution Date; provided further, however, on any Distribution Date on and after the Senior Credit Support Depletion Date, any Excess Loss shall be allocated, pro rata, among the Classes and Component of Senior Certificates based on their respective initial Class Certificate Balances, in each case Balances and Component Balance immediately prior to the related Distribution Date. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances Balance of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool aggregate Stated Principal Balance for of the following Mortgage Loans as of the Due Date in the month of such Distribution Date (after giving effect to Principal Prepayments in the Prepayment Period related to such Due 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 4.04(a4.05(a) above or (b) shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, Certificate pursuant to Section 4.04(a4.05(a) above or (b) shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, thereof immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Distribution Date, the Trustee Master Servicer shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Principal Balance thereof is reduced to zero; and (1) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Junior Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated Junior 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 (other than the Notional Amount Certificates Class A-X and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Principal Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date (or, in the case of the Class A-2 Certificates, the lesser of the initial Class Principal Balance of such Class or the then outstanding Class Principal Balance of such Class) until the respective Class Certificate Principal Balance (or, in the case of the Class A-2 Certificates, the initial Class Principal Balance if less than the outstanding Class Principal Balance of such Class) of each such Class is has been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates Class A-X and the Class PO Certificates) and the Subordinated Junior Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Principal Balances (or, in the case of each the Class of Accrual A-2 Certificates, on the basis of the lesser of their respective Class Certificate Balances and their respective the initial Class Certificate Balances, in each case immediately prior to Principal Balance of such Class or the related Distribution Datethen outstanding Class Principal Balance of such Class). (b) The Class Certificate Principal Balance of the Class of Subordinated Junior Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Principal Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and payments of the Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Principal Balance of a Class of Certificates pursuant to Section 4.04(a4.03(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Principal Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Principal Balance of a Certificate, pursuant to Section 4.04(a4.03(a) above shall be accomplished by reducing the Certificate Balance or Component Principal Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Principal Balance" or herein; provided that no Realized Loss shall be allocated to reduce the Certificate Principal Balance of a Certificate to the extent that such allocation would reduce the aggregate Certificate Principal Balance of all classes of Certificates to an amount less than the Scheduled Principal Balance of all Outstanding Mortgage Loans as of the Due Date occurring in the month of such Distribution Date, less any Deficiency Valuations occurring before the Bankruptcy Loss Coverage Termination Date (such limitation, the "Component Balance," as the case may beLoss Allocation Limitation").

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each any other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss on a Mortgage Loan in a Loan Group shall be allocated to the related Class PO Certificates Component, until the Class Certificate Component Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 Classes of Certificates of the related Senior Certificates Certificate Group (other than the any Notional Amount Certificates Certificates, if applicable, and the related Class PO CertificatesComponent), pro rata on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual CertificatesCertificates or Accrual Component, on the basis of the lesser of their its respective Class Certificate Balances Balance or Component Balance, as applicable, and their its respective initial Class Certificate BalancesBalance or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; provided, however, that the Non-PO Percentage of any Realized Losses on the Mortgage Loans in Loan Group 1 that would otherwise be allocable to the Class 1-A-5 Certificates will instead be allocated to the Class 1-A-6 Certificates, until its Class Certificate Balance is reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date and any amounts in the Supplemental Loan Account as of that Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance or Component Balance of a CertificateCertificate or Component, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss on a Mortgage Loan in a Loan Group shall be allocated to the related Class PO Certificates Component, until the Class Certificate Component Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 related Senior Certificates (other than the any Notional Amount Certificates Certificates, if applicable, and the related Class PO CertificatesComponent), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances Balance or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; provided, that the Non-PO Percentage of any Realized Losses on the Mortgage Loans in Loan Group 1 that would otherwise be allocated to the Class 1-A-6 Certificates will instead be allocated to the Class 1-A-7 Certificates, until its Class Certificate Balance is reduced to zero, and the Non-PO Percentage of any Realized Losses on the Mortgage Loans in Loan Group 2 that would otherwise be allocated to the Class 2-A-3 or Class 2-A-7 Certificates will instead be allocated to the Class 2-A-4 and Class 2-A-1 Certificates, respectively until their respective Class Certificate Balances are reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the sum of the Pool Stated Principal Balance for the following Distribution Date and any amounts in the Supplemental Loan Account as of that Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be. Except as provided in Section 4.04(a)(i) above, all Realized Losses allocated to a Class of Component Certificates will be allocated pro rata to the related Components.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each any other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss on a Mortgage Loan in a Loan Group shall be allocated to the related Class of Class PO Certificates Certificates, until the respective Class Certificate Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 Classes of Certificates of the related Senior Certificates Certificate Group (other than the any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual CertificatesCertificates or Accrual Component, on the basis of the lesser of their its respective Class Certificate Balances Balance or Component Balance, as applicable, and their its respective initial Class Certificate BalancesBalance or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; provided, however, that the Non-PO Percentage of any Realized Losses on the Mortgage Loans in Loan Group 1 that would otherwise be allocable to the Class 1-A-11 and Class 1-A-14 Certificates will instead be allocated to the Class 1-A-12 and Class 1-A-16 Certificates, respectively, until their respective Class Certificate Balances are reduced to zero and the Non-PO Percentage of any Realized Losses on the Mortgage Loans in Loan Group 2 that would otherwise be allocable to the Class 2-A-1 Certificates will instead be allocated the Class 2-A-2 Certificates, until its Class Certificate Balance is reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date and any amounts in the Supplemental Loan Account as of that Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance or Component Balance of a CertificateCertificate or Component, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 second, to the Class M-A Certificates, until its Class Certificate Balance is reduced to zero, and third, to the Classes of Senior Certificates (other than the any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances immediately prior to such Distribution Date, or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances or Component Balance, as applicable immediately prior to such Distribution Date, and their respective initial Class Certificate BalancesBalances or Component Balance, in as applicable, until the respective Class Certificate Balance or Component Balance of each case immediately prior such Class or Component, is reduced to the related Distribution Datezero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance or Component Balance of a CertificateCertificate or Component, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be. All Realized Losses allocated to a Class of Component Certificates will be allocated, pro rata, to the related Components.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates PO-1 Component, if such Realized Loss relates to a Loan Group 1 Mortgage Loan until the Component Balance thereof is reduced to zero and to the Class Certificate PO-2 Component, if such Realized Loss relates to a Loan Group 2 Mortgage Loan until the Component Balance thereof is reduced to zero; and (1ii) (A) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 any Notional Amount Certificates Certificates, if applicable, and the related Class PO CertificatesComponent), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and provided, however, that any Realized Loss (2other than an Excess Loss) the applicable Non-PO Percentage of any Excess Losses shall which would otherwise be allocated to the Senior Class 2-A-3 Certificates (other than the Notional Amount Certificates and will instead be allocated to the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual 2-A-5 Certificates, on until the basis of the lesser of their respective Class Certificate Balances and their respective initial Class Certificate Balances, in each case immediately prior to the related Distribution Date. (b) The Class Certificate Balance of the Class of Subordinated 2-A-5 Certificates then outstanding with the highest numerical Class designation shall be is reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following 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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.zero; and

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the each related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero[reserved]; and (1A) the applicable Non-PO Percentage of any Realized Loss (other than an any Excess Loss) on the Mortgage Loans in a Loan Group shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 Classes of Senior Certificates (other than of the Notional Amount Certificates and the Class PO Certificates)related Senior Certificate Group, pro rata on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate BalanceBalances, in each case immediately prior to the related Distribution Date Date, until the respective Class Certificate Balance of each such Class is been reduced to zero, provided, however, that any Realized Losses other than Excess Losses on the Group 1 Mortgage Loans that would otherwise be allocated to the Class 1-A-1 Certificates will instead be allocated to the Class 1-A-2 Certificates until its Class Certificate Balance is reduced to zero; andany Realized Losses other than Excess Losses on the Group 2 Mortgage Loans that would otherwise be allocated to the Class 2-A-1 Certificates will instead be allocated to the Class 2-A-2 Certificates until its Class Certificate Balance is reduced to zero. (2B) On each Distribution Date, Excess Losses on the applicable Non-PO Mortgage Loans in a Loan Group shall be allocated pro rata among the Classes of Senior Certificates of the related Senior Certificate Group and the Subordinated Certificates as follows: (i) in the case of the Senior Certificates, the Senior Percentage of any such Excess Losses shall be allocated to among the Classes of Senior Certificates (other than in the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstandingrelated Senior Certificate Group, pro rata, on the basis of their respective Class Certificate Balances or, immediately prior to the related Distribution Date and (ii) in the case of each Class of Accrual the Subordinated Certificates, the Subordinated Percentage of such Excess Loss shall be allocated among the Classes of Subordinated Certificates, pro rata, based on each Class' share of the Assumed Balance of the related Loan Group immediately prior to the related Distribution Date; provided, however, on any Distribution Date after a Senior Termination Date for a Senior Certificate Group, such Excess Losses on the Mortgage Loans in the related Loan Group shall be allocated to the Senior Certificates and the Subordinated Certificates on the basis of the lesser of their respective Class Certificate Balances immediately prior to such Distribution Date; provided further, however, on any Distribution Date on and after the Senior Credit Support Depletion Date, any Excess Loss shall be allocated, pro rata, among the Classes of Senior Certificates based on their respective initial Class Certificate Balances, in each case Balances immediately prior to the related Distribution Date. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances Balance of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool aggregate Stated Principal Balance for of the following Mortgage Loans as of the Due Date in the month of such Distribution Date (after giving effect to Principal Prepayments in the Prepayment Period related to such Due 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 4.04(a4.05(a) above or (b) shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, Certificate pursuant to Section 4.04(a4.05(a) above or (b) shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, thereof immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates PO-1 Component, if such Realized Loss relates to a Loan Group 1 Mortgage Loan until the Component Balance thereof is reduced to zero and to the Class Certificate PO-2 Component, if such Realized Loss relates to a Loan Group 2 Mortgage Loan until the Component Balance thereof is reduced to zero; and (1A) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 any Notional Amount Certificates Certificates, if applicable, and the related Class PO CertificatesComponent), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2B) the applicable Non-PO Percentage of any Excess Losses on the Mortgage Loans in a Loan Group shall be allocated to the Classes of Certificates of the related Senior Certificates Certificate Group (other than the any Notional Amount Certificates Certificates, if applicable, and the related Class PO CertificatesComponent) and the Subordinated Certificates then outstanding, pro rata, on the basis of of, with respect to such Senior Certificates, their respective Class Certificate Balances orBalances, or in the case of each any Class of Accrual Certificates, on the basis of the lesser of its Class Certificate Balance and its initial Class Certificate Balance, in each case immediately prior to the related Distribution Date and, with respect to each Class of Subordinated Certificates, the applicable Assumed Balance for each such Class relating to the Loan Group in which such Realized Loss occurs; provided, however, on any Distribution Date after a Senior Termination Date for a Senior Certificate Group, such Excess Losses on the Mortgage Loans in the related Loan Group will be allocated to the Subordinated Certificates on the basis of their respective Class Certificate Balances Balances; and provided further that after the Senior Credit Support Depletion Date, such Excess Losses shall be allocated to all Senior Certificates (other than the Class PO Certificates) regardless of Senior Certificate Group on the basis of their respective initial Class Certificate Balances, or in the case of any Class of Accrual Certificates, on the basis of the lesser of its Class Certificate Balance and its initial Class Certificate Balance, in each case immediately prior to the related Distribution Date. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following 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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 second, to the Classes of Senior Certificates (other than the any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances immediately prior to such Distribution Date, or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances or Component Balance, as applicable immediately prior to such Distribution Date, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; provided, however, that the Non-PO Percentage of (x) any Realized Losses that would otherwise be allocated to the Class A-1, Class A-4, Class A-8 and Class A-9 Certificates will instead be allocated the Class A-7 Certificates, concurrently, as follows: (i) the first $5,025,000 of Realized Losses that would otherwise be allocated to the Class A-1 Certificates will instead be allocated to the Class A-7 Certificates, (ii) the first $1,562,400 of Realized Losses that would otherwise be allocated to the Class A-4 Certificates will instead be allocated to the Class A-7 Certificates, (iii) the first $1,254,375 of Realized Losses that would otherwise be allocated to the Class A-8 Certificates will instead be allocated to the Class A-7 Certificates and (iv) the first $443,525 of Realized Losses that would otherwise be allocated to the Class A-9 Certificates will instead be allocated to the Class A-7 Certificates, in each case immediately prior until the Class Certificate Balance of the Class A-7 Certificates is reduced to zero and (y) any Realized Losses that would otherwise be allocated to the related Distribution DateClass A-4 and Class A-10 Certificates will instead be allocated the Class A-13 Certificates, concurrently, as follows: (i) the first $142,000 of Realized Losses that would otherwise be allocated to the Class A-4 Certificates will instead be allocated to the Class A-13 Certificates and (ii) the first $168,000 of Realized Losses that would otherwise be allocated to the Class A-10 Certificates will instead be allocated to the Class A-13 Certificates, in each case until the Class Certificate Balance of the Class A-13 Certificates is reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance or Component Balance of a CertificateCertificate or Component, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be. All Realized Losses allocated to a Class of Component Certificates will be allocated, pro rata, to the related Components. (e) [Reserved]

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1A) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual CertificatesCertificates or Accrual Component, on the basis of the lesser of their Class Certificate Balance or Component Balance, as applicable, and their initial Class Certificate Balance or Component Balance, as applicable, in each case immediately prior to the related Distribution Date Date, until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2B) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their respective Class Certificate Balances and their respective initial Class Certificate Balances, in each case immediately prior to the related Distribution Date. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the sum of the Pool Stated Principal Balance for the following Distribution Date and any amounts in the Supplemental Loan Account as of that 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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be. All Realized Losses or Excess Losses allocated to a Class of Component Certificates, will be allocated, pro rata, to the related Component.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss on a Mortgage Loan in a Loan Group shall be allocated to the related Class PO Certificates Component, until the Class Certificate Component Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 related Senior Certificates (other than the any Notional Amount Certificates Certificates, if applicable, and the related Class PO CertificatesComponent), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances Balance or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date., until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the sum of the Pool Stated Principal Balance for the following Distribution Date and any amounts in the Supplemental Loan Account as of that Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be. Except as provided in Section 4.04(a)(i) above, all Realized Losses or Excess Losses allocated to a Class of Component Certificates will be allocated pro rata to the related Components.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1ii) (A) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date. (b) The , until the respective Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following 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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereofof each such Class or Component is reduced to zero, as applicable, immediately following the distributions made provided that any Realized Losses (other than Excess Losses) on the related Distribution Date Mortgage Loans otherwise allocable to the Class A-1, Class A-3, Class A-7 and Class A-16 Certificates shall be allocated to the Class A-17 Certificates and any Realized Losses (other than Excess Losses) on the Mortgage Loans otherwise allocable to the Class A-8 Certificates shall be allocated to the Class A-20 Certificates, in accordance with the definition of "each case, until their respective Class Certificate Balance" or "Component Balance," as the case may be.Balances are reduced to zero; and

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the each related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero[reserved]; and (1ii) the applicable Non-PO Percentage of (A) any Realized Loss (other than an any Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 Classes of Senior Certificates (other than the Notional Amount Certificates and the Class PO CertificatesA-X IO Component), pro rata on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Component Principal Balance, in each case immediately prior to the related Distribution Date Date, until the respective Class Certificate Balance or Component Principal Balance of each such Class is been reduced to zero; and, provided, however, that any Realized Losses other than Excess Losses on the Mortgage Loans that would otherwise be allocated to the Class A-2 and Class A-4 Certificates will instead be allocated to the Class A-3 and Class A-5 Certificates, respectively, until their respective Class Certificate Balances are reduced to zero. (2iii) the applicable Non-PO Percentage of any Excess Losses on the Mortgage Loans shall be allocated to the Classes of Senior Certificates (other than the Notional Amount Certificates) and the Classes of Subordinated Certificates as follows: (iv) the Senior Percentage of such Excess Losses will be allocated among the Classes of Senior Certificates and the Class A-X PO Certificates) and the Subordinated Certificates then outstandingComponent, pro rata, rata based on the basis of their respective Class Certificate Balances or, in or Component Principal Balance, (v) the case applicable Subordinated Percentage of each Class such Excess Losses will be allocated among the Classes of Accrual Certificates, Subordinated Certificates pro rata based on the basis of the lesser of their respective Class Certificate Balances and their respective initial Class Certificate Balances, in each case immediately prior to the related Distribution DateBalance. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool aggregate Stated Principal Balance for of the following Mortgage Loans as of the Due Date in the month of such Distribution Date (after giving effect to Principal Prepayments in the Prepayment Period related to such Due 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 4.04(a4.05(a) above or (b) shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, Certificate pursuant to Section 4.04(a4.05(a) above or (b) shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, thereof immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date., until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; provided, that the Non-PO Percentage of any Realized Losses that would otherwise be allocated to the Class A-1, Class A-5 and Class A-6 Certificates will instead be allocated to the Class A-7 Certificates, until its Class Certificate Balance is reduced to zero.. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the sum of the Pool Stated Principal Balance for the following Distribution Date and any amounts in the Supplemental Loan Account as of that Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be. All Realized Losses allocated to a Class of Component Certificates will be allocated, pro rata, to the related Components.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess LossLoss on a Mortgage Loan in a Loan Group, shall be allocated to the related Class PO Certificates Component, if any, until the Class Certificate Component Balance thereof is reduced to zero; and (1ii) (A) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) on a Mortgage Loan in a Loan Group shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 any Notional Amount Certificates Certificates, if applicable, and the related Class PO CertificatesComponent, if any), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date. (b) The , until the respective Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following 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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" each such Class or "Component Balance," as the case may be.is reduced to zero; and

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each any other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess LossLoss on a Mortgage Loan in a Loan Group, shall be allocated to the related Class PO Certificates of Principal Only Certificates, until the respective Class Certificate Balance or Component Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated Certificates then outstanding with the highest numerical Class designation) until the respective Class Certificate Balance of each such Class is reduced to zero, zero and second then to the Classes of Certificates of the related Senior Certificates Certificate Group (other than the any Notional Amount Certificates Certificates, if applicable, and the related Class PO of Principal Only Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual CertificatesCertificates or Accrual Component, on the basis of the lesser of their its respective Class Certificate Balances Balance or Component Balance, as applicable, and their its respective initial Class Certificate BalancesBalance or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; provided, however, that any Realized Losses on the Mortgage Loans in Loan Group 1 otherwise allocable on any Distribution Date to the Class 1-A-5 Certificates shall instead be allocated to the Class 1-A-8 Certificates, until its Class Certificate Balance is reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Principal Only Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance or Component Balance of a CertificateCertificate or Component, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each any other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess LossLoss on a Mortgage Loan in a Loan Group, shall be allocated to the related Class PO Certificates Certificates, until the respective Class Certificate Balance or Component Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 Classes of Certificates of the related Senior Certificates Certificate Group (other than the any Notional Amount Certificates Certificates, if applicable, and the related Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual CertificatesCertificates or Accrual Component, on the basis of the lesser of their its respective Class Certificate Balances Balance or Component Balance, as applicable, and their its respective initial Class Certificate BalancesBalance or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; provided, however, that the Non-PO Percentage of any Realized Losses on the Mortgage Loans in Loan Group 1 otherwise allocable to the Class 1-A-6 Certificates will instead be allocated to the Class 1-A-7 Certificates, until its Class Certificate Balance is reduced to zero and the Non-PO Percentage of any Realized Losses on the Mortgage Loans in Loan Group 2 otherwise allocable to the Class 2-A-1 Certificates will instead be allocated to the Class 2-A-3 Certificates, until its Class Certificate Balance is reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance or Component Balance of a CertificateCertificate or Component, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to each Loan Group with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M B-1 Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of : any Realized Loss, including any Excess Loss, shall be allocated to Losses on the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) Mortgage Loans in a Loan Group shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 second, to the Senior Certificates of the related Senior Certificate Group (other than the Notional Amount Certificates Class I-A-X IO Component, Class II-A-X Certificate, Class IV-A-X Certificate and the Class PO CertificatesB-X IO Component), pro rata on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstandingif applicable, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their respective Class Certificate Balances and their respective initial Class Certificate Balances, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance of each such Class is reduced to zero; provided, however, that any Realized Loss that would otherwise be allocated to the Class I-A-1 Certificates shall instead be allocated to the Class I-A-2 Certificates until the Class Certificate Balance of the Class I-A-2 Certificates has been reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) ), exceeds the Pool Stated Principal Balance for as of the following Due Date in the month of 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 4.04(a4.04(b) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a4.04(b) above shall be accomplished by reducing the Certificate Balance, Component Balance or Component Balance Subordinated Portion thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "“Certificate Balance" or "”, “Component Balance," ” or “Subordinated Portion”, as the case may be. (e) Realized Losses shall be allocated among the REMIC I Regular Interests, REMIC II Regular Interests and REMIC III Regular Interests as specified in the definitions of “REMIC I Realized Losses”, “REMIC II Realized Losses” and “REMIC III Realized Losses”, respectively.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates Certificates, if such Realized Loss relates to a Loan Group 1 Mortgage Loan until the Class Certificate Balance thereof is reduced to zero; and (1) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 then the Senior Certificates of the related Senior Certificate Group (other than than, in the Notional Amount Certificates and case of Loan Group 1, the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses on the Mortgage Loans in a Loan Group shall be allocated to the Classes of Certificates of the related Senior Certificates Certificate Group (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of, with respect to such Senior Certificates, their respective Class Certificate Balances and, with respect to each Class of Subordinated Certificates, the applicable Assumed Balance for each such Class relating to the Loan Group in which such Realized Loss occurs; provided, however, on any Distribution Date after a Senior Termination Date for a Senior Certificate Group, such Excess Losses on the Mortgage Loans in the related Loan Group will be allocated to the Subordinated Certificates on the basis of their respective Class Certificate Balances orBalances; and provided further that after the Senior Credit Support Depletion Date, such Excess Losses shall be allocated pro rata among the Classes of Senior Certificates in the related Senior Certificate Group (other than the Notional Amount Certificates and, in the case of each Loan Group 1, the Class of Accrual PO Certificates), based on the basis of the lesser of their respective Class Certificate Balances and their respective initial Class Certificate Balances, in each case immediately prior to the related such Distribution Date. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following 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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss on a Discount Mortgage Loan in Collateral Allocation Group 1 shall be allocated to the Class PO Certificates Certificates, until the Class Certificate Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) , allocated by Applicable Fraction to each Collateral Allocation Group, shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations payment priority (beginning with the Class of Subordinated Certificates then outstanding with the highest numerical Class designationlowest payment priority) until the respective Class Certificate Balance of each such Class is reduced to zero, and second to the related Senior Certificates (other than the any Notional Amount Certificates and the Class PO Certificates, if applicable), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances Balance or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; provided, however, that the applicable Non-PO Percentage of any Realized Losses on the Mortgage Loans that would otherwise be allocated to the Class 1-A-8 and Class 1-A-9 Certificates will instead be allocated concurrently to the Class 1-A-10-1 Component and the Class 1-A-10-2 Component, respectively, in each case until the Component Balance of such Component is reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation lowest payment priority shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the sum of the Pool Stated Principal Balance for the following Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be. Except as provided in Section 4.04(a)(i) above, all Realized Losses or Excess Losses allocated to a Class of Component Certificates will be allocated pro rata to the related Components.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 Notional Amount Certificates and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their respective Class Certificate Balances and their respective initial Class Certificate Balances, in each case immediately prior to the related Distribution Date. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following 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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to Date based upon information aggregated by the Subordinated Certificates, Master Servicer from the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated CertificatesServicer. Realized Losses with respect to any Distribution Date shall be allocated as follows:follows (each allocation, an “Applied Loss Amount”): (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first (A) first, to the Subordinated Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 (B) second, to the Senior Certificates (other than the Notional Amount Certificates and the Class PO A-IO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate BalancePrincipal Amounts, in each case immediately prior to the related Distribution Date Date, until the respective Class Certificate Balance Principal Amount of each such Class is been reduced to zero; and (2ii) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Subordinate Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their respective Class Certificate Balances and their respective initial Class Certificate BalancesPrincipal Amounts, in each case immediately prior to the related Distribution Date. (b) The Class Certificate Balance Principal Amount of the Class of Subordinated Subordinate Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances Principal Amounts of all outstanding Outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Scheduled Principal Balance for the following such Distribution Date. (c) Any Realized Loss allocated to a Class of Certificates or any reduction in the Class Certificate Balance Principal Amount of a Class of Certificates pursuant to Section 4.04(a8.2(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate BalancesPrincipal Amounts. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance Principal Amount of a Certificate, Certificate pursuant to Section 4.04(a8.2(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, Principal Amount thereof immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may bePrincipal Amount.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates PO-1 Component, if such Realized Loss relates to a Loan Group 1 Mortgage Loan until the Component Balance thereof is reduced to zero and to the Class Certificate PO-2 Component, if such Realized Loss relates to a Loan Group 2 Mortgage Loan until the Component Balance thereof is reduced to zero; and (1A) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 related Senior Certificates (other than the any Notional Amount Certificates Certificates, if applicable, and the related Class PO CertificatesComponent), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2B) the applicable Non-PO Percentage of any Excess Losses on the Mortgage Loans in a Loan Group shall be allocated to the Classes of Certificates of the related Senior Certificates Certificate Group (other than the any Notional Amount Certificates Certificates, if applicable, and the related Class PO CertificatesComponent) and the Subordinated Certificates then outstanding, pro rata, on the basis of of, with respect to such Senior Certificates, their respective Class Certificate Balances orBalances, or in the case of each any Class of Accrual Certificates, on the basis of the lesser of its Class Certificate Balance and its initial Class Certificate Balance, in each case immediately prior to the related Distribution Date and, with respect to each Class of Subordinated Certificates, the applicable Assumed Balance for each such Class relating to the Loan Group in which such Realized Loss occurs; provided, however, on any Distribution Date after a Senior Termination Date for a Senior Certificate Group, such Excess Losses on the Mortgage Loans in the related Loan Group will be allocated to the Subordinated Certificates on the basis of their respective Class Certificate Balances Balances; and provided further that after the Senior Credit Support Depletion Date, such Excess Losses shall be allocated pro rata to all Senior Certificates (other than the related Class PO Components and the Notional Amount Certificates) regardless of Senior Certificate Group on the basis of their respective initial Class Certificate Balances, or in the case of any Class of Accrual Certificates, on the basis of the lesser of its Class Certificate Balance and its initial Class Certificate Balance, in each case immediately prior to the related Distribution Date. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates in that Certificate Group (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following 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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be. All Realized Losses or Excess Losses allocated to a Class of Component Certificates will be allocated pro rata to the related Components.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, on a Mortgage Loan in a Loan Group shall be allocated to the related Class PO Certificates Component, until the Class Certificate Component Balance thereof is reduced to zero; and (1A) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 related Senior Certificates (other than the any Notional Amount Certificates Certificates, if applicable, and the related Class PO CertificatesComponent), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual CertificatesCertificates or Accrual Component, on the basis of the lesser of their respective Class Certificate Balance or Component Balance, as applicable, and their respective initial Class Certificate Balances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date Date, until the respective Class Certificate Balance or Component Balance of each such Class is been reduced to zero; provided, that any Realized Losses (other than an Excess Loss) on the Mortgage Loans in Loan Group 3 otherwise allocable to the Class 3-A-2 Certificates shall be allocated to the Class 3-A-3 Certificates, until its Class Certificate Balance is reduced to zero; and (2B) the applicable Non-PO Percentage of any Excess Losses on the Mortgage Loans in a Loan Group shall be allocated to the Classes of Certificates of the related Senior Certificates Certificate Group (other than the any Notional Amount Certificates Certificates, if applicable, and the related Class PO CertificatesComponent) and the Subordinated Certificates then outstanding, pro rata, on the basis of of, with respect to such Senior Certificates, their respective Class Certificate Balances orBalances, or in the case of each any Class of Accrual CertificatesCertificates or Accrual Component, on the basis of the lesser of their respective Class Certificate Balances or Component Balance, as applicable, and their respective initial Class Certificate Balances or their respective Component Balance or their respective initial Component Balance, as applicable, in each case immediately prior to the related Distribution Date , until the respective Class Certificate Balance or Component Balance of each such Class is reduced to zero; and, with respect to each Class of Subordinated Certificates, the applicable Assumed Balance for each such Class relating to the Loan Group in which such Realized Loss occurs; provided, however, on any Distribution Date after the a Senior Termination Date for a Senior Certificate Group, such Excess Losses on the Mortgage Loans in the related Loan Group will be allocated to the Subordinated Certificates on the basis of their respective Class Certificate Balances; and provided further that after the Senior Credit Support Depletion Date, such Excess Losses shall be allocated, pro rata, among all Classes and Components of Senior Certificates (other than any Notional Amount Certificates, if applicable, and the related Class PO Component) regardless of Senior Certificate Group on the basis of their respective initial Class Certificate Balances or Component Balances, as applicable, or in the case of any or in the case of any Class of Accrual Certificates or Accrual Component, on the basis of the lesser of their respective Class Certificate Balance and their respective initial Class Certificate Balance or their respective Component Balance or their respective initial Component Balance, as the case may be, in each case immediately prior to the related Distribution Date. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the sum of the Pool Stated Principal Balance for the following Distribution Date and any amounts in the Supplemental Loan Account as of that 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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be. All Realized Losses or Excess Losses allocated to a Class of Component Certificates will be allocated, pro rata, to the related Components.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first first, to the Subordinated Certificates in reverse ----- order of their respective numerical Class designations (beginning with the Class of Subordinated Certificates then outstanding with the highest numerical Class designation) designations, until the respective Class Certificate Balance of each such Class is reduced to zerozero and second, and second to the Senior Certificates (other ------ than the Notional Amount Certificates Class X-1 and the Class PO X-2 Certificates), pro rata rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of any Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and; (2ii) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates Class X-1 and the Class PO X-2 Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of any Accrual Certificates, on the basis of the lesser of their respective the Class Certificate Balances Balance and their respective the initial Class Certificate BalancesBalance thereof, in each case immediately prior to the related Distribution Date, until the Class Certificate Balances thereof have been reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following 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 4.04(a4.05(b) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, Certificate pursuant to Section 4.04(a4.05(b) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 second, to the Classes of Senior Certificates (other than the any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances immediately prior to such Distribution Date, or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances or Component Balance, as applicable immediately prior to such Distribution Date, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; provided, however, that the Non-PO Percentage of any Realized Losses that would otherwise be allocated: (i) to the Class A-1 and Class A-3 Certificates will instead be allocated the Class A-17 Certificates, concurrently, as follows: (x) the first $65,500 of Realized Losses that would otherwise be allocated to the Class A-1 Certificates will instead be allocated to the Class A-17 Certificates and (y) the first $8,050,000 of Realized Losses that would otherwise be allocated to the Class A-3 Certificates will instead be allocated to the Class A-17 Certificates, in each case immediately prior case, until the Class Certificate Balance of the Class A-17 Certificates is reduced to zero and (ii) to the related Distribution DateClass A-8 Certificates will instead be allocated to the Class A-18 Certificates, until its Class Certificate Balance is reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance or Component Balance of a CertificateCertificate or Component, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "“Certificate Balance" ” or "“Component Balance," ” as the case may be. All Realized Losses allocated to a Class of Component Certificates will be allocated, pro rata, to the related Components. (e) [Reserved]

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1ii) (A) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual CertificatesCertificates or Accrual Component, on the basis of the lesser of their Class Certificate Balance or Component Balance, as applicable, and their initial Class Certificate Balance or Component Balance, as applicable, in each case immediately prior to the related Distribution Date Date, until the respective Class Certificate Balance of each such Class is been reduced to zero, provided that any Realized Losses (other than Excess Losses) on the Mortgage Loans otherwise allocable to the Class A-1 and Class A-5 Certificates shall be allocated to the Class A-3 and Class A-6 Certificates, respectively, until their respective Class Certificate Balances are reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of Accrual Certificates, on the basis of the lesser of their respective Class Certificate Balances and their respective initial Class Certificate Balances, in each case immediately prior to the related Distribution Date. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following 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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, Loss on a Mortgage Loan in a Loan Group shall be allocated to the related Class PO Certificates Component, until the Class Certificate Component Balance thereof is reduced to zero; and (1ii) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 second, to the Class M Certificates, until its respective Class Certificate Balance, and third, to the Classes of Senior Certificates (other than the any Notional Amount Certificates and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances or Component Balance, as applicable, immediately prior to such Distribution Date, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, until the respective Class Certificate Balance or Component Balance of each such Class or Component is reduced to zero; provided, however, that the Non-PO Percentage of any Realized Losses on the Mortgage Loans in each case immediately prior Loan Group 1 that would otherwise be allocated: (i) to the related Distribution DateClass 1-A-1 and Class 1-A-9 Certificates will instead be allocated to the Class 1-A-8 and Class 1-A-11 Certificates, respectively, until their respective Class Certificate Balances are reduced to zero and (ii) to the Class 1-A-43 Certificates will instead be allocated to the Class 1-A-44 Certificates until its Class Certificate Balance is reduced to zero. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution Date. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance or Component Balance of a CertificateCertificate or Component, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "“Certificate Balance" ” or "“Component Balance," ” as the case may be. All Realized Losses allocated to a Class of Component Certificates will be allocated, pro rata, to the related Components.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1A) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date Date, until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2B) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their respective Class Certificate Balances and their respective initial Class Certificate Balances, in each case immediately prior to the related Distribution Date. (b) The Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following Distribution DateDate and any amounts in the Supplemental Loan Account. (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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereof, as applicable, immediately following the distributions made on the related Distribution Date in accordance with the definition of "Certificate Balance" or "Component Balance," as the case may be.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: (i) the applicable PO Percentage of any Realized Loss, including any Excess Loss, shall be allocated to the Class PO Certificates until the Class Certificate Balance thereof is reduced to zero; and (1ii) (A) the applicable Non-PO Percentage of any Realized Loss (other than an Excess Loss) shall be allocated first to the Subordinated Certificates in reverse order of their respective numerical Class designations (beginning with the Class of Subordinated 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 any Notional Amount Certificates Certificates, if applicable, and the Class PO Certificates), pro rata on the basis of their respective Class Certificate Balances or, in the case of each any Class of Accrual Certificates, on the basis of the lesser of their Class Certificate Balance and their initial Class Certificate Balance, in each case immediately prior to the related Distribution Date until the respective Class Certificate Balance of each such Class is been reduced to zero; and (2) the applicable Non-PO Percentage of any Excess Losses shall be allocated to the Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) and the Subordinated Certificates then outstanding, pro rata, on the basis of their respective Class Certificate Balances or, in the case of each Class of or Accrual CertificatesComponent, on the basis of the lesser of their respective Class Certificate Balances or Component Balance, as applicable, and their respective initial Class Certificate BalancesBalances or Component Balance, as applicable, in each case immediately prior to the related Distribution Date. (b) The , until the respective Class Certificate Balance of the Class of Subordinated Certificates then outstanding with the highest numerical Class designation shall be reduced on each Distribution Date by the sum of (i) the amount of any payments on the Class PO Certificates in respect of Class PO Deferred Amounts and (ii) the amount, if any, by which the aggregate of the Class Certificate Balances of all outstanding Classes of Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and Class PO Deferred Amounts on such Distribution Date) exceeds the Pool Stated Principal Balance for the following 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 4.04(a) above shall be allocated among the Certificates of such Class in proportion to their respective Certificate Balances. (d) Any allocation of Realized Losses to a Certificate or to any Component or any reduction in the Certificate Balance of a Certificate, pursuant to Section 4.04(a) above shall be accomplished by reducing the Certificate Balance or Component Balance thereofof each such Class or Component is reduced to zero; provided, as applicablethat any Realized Losses (other than an Excess Loss) otherwise allocable to the Class A-1 and Class A-3 Certificates shall be allocated to the Class A-5 and Class A-4 Certificates, immediately following the distributions made on the related Distribution Date in accordance with the definition of "respectively, until their respective Class Certificate Balance" or "Component Balance," as the case may be.Balances are reduced to zero; and