Common use of Priorities of Distribution Clause in Contracts

Priorities of Distribution. (A) On each Distribution Date, the Trust Administrator shall determine the amounts to be distributed to each Class of Certificates as follows: (a) with respect to the Group 1 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 1, subject to Section 4.01(B) below: (i) first, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to the Group 1 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 1, in the following order of priority; (A) first, to the Class AR and Class AR-L Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (B) second, to the Class 1-A-1, Class 1-A-2, Class 1-A-3 and Class 1-A-6 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (b) with respect to the Group 2 and Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided however, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(b)(i), only a portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Amount for any Distribution Date on or before the Class 2-A-2/2-A-5 Accretion Termination Date will instead be distributed in accordance with the Class 2-A-2/2-A-5 Accretion Direction Rule; and (ii) second, to the Group 2 Certificates, the Senior Principal Distribution Amount for Loan Group 2, in the following order of priority; (A) first, to the Class 2-A-4, the Group 2 Priority Amount, until its Class Principal Balance is reduced to zero; (B) second, to the Class 2-A-1 Certificates, until its Class Principal Balance is reduced to zero; (C) third, to the Class 2-A-3 Certificates, until its Class Principal Balance is reduced to zero; (D) fourth, to the Class 2-A-2 and Class 2-A-5 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; and (E) fifth, to the Class 2-A-4 Certificates, until its Class Principal Balance is reduced to zero; (c) with respect to Group 3 and the Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 3, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 3 Certificates and the Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Group 3 Certificates entitled to principal, the Senior Distribution Amount for Loan Group 3 to the Class 3-A-1 and Class 3-A-3 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (d) with respect to the Group 4 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below: (i) first, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; and (ii) second, to the Class 4-A-2 and Class 4-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 4, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (e) with respect to the Group 5 and Class C-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 5, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to the Class 5-A-2 and Class 5-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 5, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (f) with respect to the Group C-B, Class AR and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5 remaining after giving effect to the distributions pursuant to Section 4.01(A)(a), (b), (c), (d) and (e) above, subject to Sections 4.01(B) and 4.01(C) below, and further subject to any payments to the Group 1, Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06: (i) first, to the Class C-B-1 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (ii) second, to the Class C-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (iii) third, to the Class C-B-2 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (iv) fourth, to the Class C-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (v) fifth, to the Class C-B-3 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (vi) sixth, to the Class C-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (vii) seventh, to the Class C-B-4 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (viii) eighth, to the Class C-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (ix) ninth, to the Class C-B-5 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (x) tenth, to the Class C-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (xi) eleventh, to the Class C-B-6 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xii) twelfth, to the Class C-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (xiii) thirteenth, to the Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates, in that order, up to an amount of Net Realized Losses for such Class, if any; provided, however, that any amounts distributed pursuant to this Section 4.01(A)(f)(xiii) will not cause a further reduction in the Class Principal Balances of any of the Group C-B Certificates; and (xiv) fourteenth, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1 Certificates as follows: (i) first, concurrently, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 1 Certificates entitled to principal, pro rata based on Class Principal Balances, as principal, the Senior Principal Distribution Amount for Loan Group 1, until their respective Class Principal Balances are reduced to zero; and (iii) third, after any payments to the Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (h) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(h)(i), only the portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 2 Certificates, as principal, the Senior Principal Distribution Amount for Loan Group 2, pro rata based on Class Principal Balances, until their respective Class Principal Balance is reduced to zero; and (iii) third, after any payments to the Group 1, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (i) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 3 will be made with respect to the Group 3, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 3 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(i)(i), only the portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 3 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 3, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (j) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 4 will be made with respect to the Group 4, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 4 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 4, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (k) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will be made with respect to the Group 5, Class C-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 5 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 5, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (B) On each Distribution Date, the amount referred to in clause (i) of the definition of Interest Distribution Amount for such Distribution Date for each Class of Group 1, Group 2, Group 3, Group 4, Group 5, Group C-B, Class A-X and Class C-X Certificates shall be reduced by the Trust Administrator by, the related Class’s pro rata share (based on the amount of the Interest Distribution Amount for each such Class before reduction pursuant to this Section 4.01(B)) of (i) Net Prepayment Interest Shortfalls experienced by the Mortgage Loans in a related Loan Group for such Distribution Date; and (ii) (A) after the related Special Hazard Coverage Termination Date, with respect to each Mortgage Loan in a related Loan Group that became a Special Hazard Mortgage Loan during the prior calendar month, the excess of one month’s interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, (B) after the related Bankruptcy Coverage Termination Date, with respect to each Mortgag

Priorities of Distribution. (A) On each Distribution Date, the Trust Administrator shall determine the amounts to be distributed to each Class of Certificates as follows: (a) with respect to the Group 1 I Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 1, subject to Section 4.01(B) belowI: (i) first, to the Class I-P Certificates, the Class I-P Principal Distribution Amount; (ii) second, subject to Section 4.01(B) below, concurrently, to the Group 1 I Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (iiiii) secondthird, to the Group 1 I Certificates entitled to principalprincipal (other than the Class I-P Certificates), the Group I Senior Principal Distribution Amount for Loan Group 1Amount, in the following order of priority;: (A) first, to the Class AR and Class AR-L Certificates, pro rata based on until its Class Principal Balances, until their respective Class Principal Balances are Balance is reduced to zero;; and (B) second, to the Class 1I-A-1, Class 1-A-2, Class 1-A-3 and Class 1-A-6 A-1 Certificates, pro rata based on until its Class Principal Balances, until their respective Class Principal Balances are Balance is reduced to zero;. (b) with respect to the Group 2 II and Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided however, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(b)(i), only a portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Amount for any Distribution Date on or before the Class 2-A-2/2-A-5 Accretion Termination Date will instead be distributed in accordance with the Class 2-A-2/2-A-5 Accretion Direction Rule; and (ii) second, to the Group 2 Certificates, the Senior Principal Distribution Amount for Loan Group 2, in the following order of priority; (A) first, to the Class 2-A-4, the Group 2 Priority Amount, until its Class Principal Balance is reduced to zero; (B) second, to the Class 2-A-1 Certificates, until its Class Principal Balance is reduced to zero; (C) third, to the Class 2-A-3 Certificates, until its Class Principal Balance is reduced to zero; (D) fourth, to the Class 2-A-2 and Class 2-A-5 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; and (E) fifth, to the Class 2-A-4 Certificates, until its Class Principal Balance is reduced to zero; (c) with respect to Group 3 and the Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 3, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 3 Certificates and the Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Group 3 Certificates entitled to principal, the Senior Distribution Amount for Loan Group 3 to the Class 3-A-1 and Class 3-A-3 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (d) with respect to the Group 4 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below: (i) first, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; and (ii) second, to the Class 4-A-2 and Class 4-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 4, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (e) with respect to the Group 5 and Class C-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 5, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to the Class 5-A-2 and Class 5-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 5, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (f) with respect to the Group C-B, Class AR and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5 remaining after giving effect to the distributions pursuant to Section 4.01(A)(a), (b), (c), (d) and (e) above, subject to Sections 4.01(B) and 4.01(C) below, and further subject to any payments to the Group 1, Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06II: (i) first, to the Class CII-B-1 P Certificates, an amount allocable to interest equal to the Interest Class II-P Principal Distribution Amount for such Class for such Distribution DateAmount; (ii) second, subject to the Class C-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (iiiSection 4.01(B) third, to the Class C-B-2 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (iv) fourth, to the Class C-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (v) fifth, to the Class C-B-3 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (vi) sixth, to the Class C-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (vii) seventh, to the Class C-B-4 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (viii) eighth, to the Class C-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (ix) ninth, to the Class C-B-5 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (x) tenth, to the Class C-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (xi) eleventh, to the Class C-B-6 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xii) twelfth, to the Class C-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (xiii) thirteenth, to the Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates, in that order, up to an amount of Net Realized Losses for such Class, if any; provided, however, that any amounts distributed pursuant to this Section 4.01(A)(f)(xiii) will not cause a further reduction in the Class Principal Balances of any of the Group C-B Certificates; and (xiv) fourteenth, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1 Certificates as follows: (i) firstbelow, concurrently, to the Group 1 II Certificates entitled to interest, an amount allocable to interest equal to and the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 1 Certificates entitled to principal, pro rata based on Class Principal Balances, as principal, the Senior Principal Distribution Amount for Loan Group 1, until their respective Class Principal Balances are reduced to zero; and (iii) third, after any payments to the Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (h) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, however, that for the purposes of the distributions pursuant to this Section 4.01(A)(b)(ii), the Interest Distribution Amount for the Class A-X Certificates pursuant to this Section 4.01(A)(h)(i), only shall be calculated solely on the basis of that portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; (ii) second, attributable to the Group 2 Certificates, as principal, the Senior Principal Distribution Amount for Loan Group 2, pro rata based on Class Principal Balances, until their respective Class Principal Balance is reduced to zeroII Mortgage Loans; and (iii) third, after any payments to the Group 1II Certificates entitled to principal (other than the Class II-P Certificates), the Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available II Senior Principal Distribution Amount, to in the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any following order of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (i) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 3 will be made with respect to the Group 3, Class A-X, Class AR and Class AR-L Certificates as followspriority: (iA) first, concurrently, to the Group 3 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed following Certificates in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(i)(i), only the portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 3 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 3, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (j) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 4 will be made with respect to the Group 4, Class AR and Class AR-L Certificates as followsfollowing order: (i) first, concurrently, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 4 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 4, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (k) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will be made with respect to the Group 5, Class C-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 5 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 5, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (B) On each Distribution Date, the amount referred to in clause (i) of the definition of Interest Distribution Amount for such Distribution Date for each Class of Group 1, Group 2, Group 3, Group 4, Group 5, Group C-B, Class A-X and Class C-X Certificates shall be reduced by the Trust Administrator by, the related Class’s pro rata share (based on the amount of the Interest Distribution Amount for each such Class before reduction pursuant to this Section 4.01(B)) of (i) Net Prepayment Interest Shortfalls experienced by the Mortgage Loans in a related Loan Group for such Distribution Date; and (ii) (A) after the related Special Hazard Coverage Termination Date, with respect to each Mortgage Loan in a related Loan Group that became a Special Hazard Mortgage Loan during the prior calendar month, the excess of one month’s interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, (B) after the related Bankruptcy Coverage Termination Date, with respect to each Mortgag

Priorities of Distribution. (Aa) On each Distribution Date, the Trust Administrator shall determine withdraw the amounts related Group Available Funds, (to be distributed the extent on deposit in the Distribution Account) from the Distribution Account and, pursuant to written instruction received from the Master Servicer as set forth in Section 4.04(a), upon which it may conclusively rely, apply such funds, first to distributions in respect of the Subsidiary and Middle REMIC Regular Interests, as provided in Section 4.02(h), and then to distributions on the Certificates in the following order and priority and, in each Class case, to the extent of Certificates as follows:such Group Available Funds, subject to adjustment in accordance with Sections 4.02(b), 4.02(d) and 4.02(e): (ai) with With respect to the Group 1 Certificates, before the related Credit Support Depletion Date and from the Group 1 Available Distribution Amount relating to Loan Group 1, subject to Section 4.01(B) below: (i) first, Funds; with respect to the Group 2 Certificates, from the Group 2 Available Funds; with respect to the Group 3 Certificates, from the Group 3 Available Funds; with respect to the Group 4 Certificates, from the Group 4 Available Funds; with respect to the Class 30-PO Certificates, from the Group 1 Certificates entitled Available Funds and Group 3 Available Funds; with respect to interestthe Class 30-A-X Certificates, from the Group 1 Available Funds and Group 2 Available Funds; with respect to the Class 15-PO and Class 15-A-X Certificates, from the Group 4 Available Funds; and with respect to the Subordinate Certificates, from the Group 1 Available Funds, Group 2 Available Funds, Group 3 Available Funds and Group 4 Available Funds, as follows: first, concurrently, (A) concurrently, to each Class of Group 1 Certificates, pro rata based on the Accrued Certificate Interest of each such Class, an amount allocable to interest equal to the related Accrued Certificate Interest; provided, that prior to the Class 1-A-10 Accretion Termination Date, an amount equal to the amount that would otherwise be distributable in respect of Accrued Certificate Interest Distribution to the Class 1-A-10 Certificates pursuant to this provision (the “Class 1-A-10 Accrual Amount”) will instead be distributed as principal in accordance with Section 4.02(c); and (B) to each Class of Group 2 Certificates and the Class 30-A-X Certificates, pro rata based on the Accrued Certificate Interest of each such Class, an amount allocable to interest equal to the related Accrued Certificate Interest; provided, however, that for purposes of the distributions pursuant to this clause (B), the Accrued Certificate Interest for the Class 30-A-X Certificates shall be calculated solely on the basis of that portion of the Class 30-A-X Notional Amount attributable to the Group 2 Mortgage Loans; (C) to each Class of Group 3 Certificates and the Class 30-A-X Certificates, pro rata based on the Accrued Certificate Interest of each such Class, an amount allocable to interest equal to the related Accrued Certificate Interest; provided, however, that for purposes of the distributions pursuant to this clause (C), the Accrued Certificate Interest for the Class 30-A-X Certificates shall be calculated solely on the basis of that portion of the Class 30-A-X Notional Amount attributable to the Group 3 Mortgage Loans; and (D) to each Class of Group 4 Certificates and the Class 15-A-X Certificates, pro rata based on the Accrued Certificate Interest of each such Class, an amount allocable to interest equal to the related Accrued Certificate Interest; in each case ((A), (B), (C) and (D) of this paragraph), any shortfall being shall be allocated pro rata among such Classes described in the related paragraph in proportion to the amount of the Accrued Certificate Interest Distribution Amount that would have been distributed in the absence of such shortfall; andand second, concurrently, (iiA) secondto the extent of remaining Group 1 Available Funds, to the Group 1 Certificates entitled and the Class 30-PO Certificates, concurrently, as follows: (1) to principalthe Class 30-PO Certificates, an amount allocable to principal equal to the Senior PO Principal Distribution Amount for Loan Collateral Group 1, in up to the following order outstanding Class Principal Balance of priority;the Class 30-PO Certificates; and (A2) firstup to the amount of the Senior Optimal Principal Amount for Collateral Group 1 for such Distribution Date, to the Group 1 Certificates, sequentially, as follows (provided, that, on each Distribution Date on or after the Cross-Over Date, up to the amount of the Senior Optimal Principal Amount for Collateral Group 1 for such Distribution Date, will be distributed to each Class AR and Class AR-L of Group 1 Certificates, pro rata based on rata, according to Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (B) second; and provided further, that any principal distributed to the Class 1-A-1, Class A-5 Certificates on any Distribution Date pursuant to this clause (2) will be allocated to Component 1-A-2A-5-1, Class Component 1-A-3 A-5-2 and Component 1-A-5-3, pro rata based on their respective Class Principal Balances immediately prior to such Distribution Date): (a) first, to the Class A-LR and Class 1A-A-6 UR Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (b) with respect to the Group 2 and Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided however, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(b)(i), only a portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Amount for any Distribution Date on or before the Class 2-A-2/2-A-5 Accretion Termination Date will instead be distributed in accordance with the Class 2-A-2/2-A-5 Accretion Direction Rule; and (ii) second, to the Group 2 Class 1-A-13 and Class 1-A-5 Certificates, pro rata based on Class Principal Balances, the Senior Group 1 Priority Principal Distribution Amount for Loan Group 2Amount, in the following order of priorityuntil their respective Class Principal Balances are reduced to zero; (Ac) firstthird, to the Class 21-A-4A-1, the Group 2 Priority AmountClass 1-A-2, Class 1-A-3, Class 1-A-4 and Class 1-A-5 Certificates, until its their aggregate Class Principal Balance is reduced to zero;their aggregate Scheduled Class Balance for such Distribution Date as set forth in Schedule IV, concurrently, as follows: (Bi) second97.3711123143%, sequentially, as follows: A. first, to the Class 21-A-1 Certificates, until its Class Principal Balance is reduced to zero; (C) B. second, to the Class 1-A-2 Certificates, until its Class Principal Balance is reduced to zero; C. third, to the Class 21-A-3 Certificates, until its Class Principal Balance is reduced to zero;; and (D) D. fourth, to the Class 2-A-2 and Class 2-A-5 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; and (E) fifth, to the Class 21-A-4 Certificates, until its Class Principal Balance is reduced to zero; (c) with respect to Group 3 and the Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 3, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 3 Certificates and the Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Group 3 Certificates entitled to principal, the Senior Distribution Amount for Loan Group 3 to the Class 3-A-1 and Class 3-A-3 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (d) with respect to the Group 4 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below: (i) first, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; and (ii) second, to the Class 4-A-2 and Class 4-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 4, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (e) with respect to the Group 5 and Class C-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 5, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to the Class 5-A-2 and Class 5-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 5, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (f) with respect to the Group C-B, Class AR and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5 remaining after giving effect to the distributions pursuant to Section 4.01(A)(a), (b), (c), (d) and (e) above, subject to Sections 4.01(B) and 4.01(C) below, and further subject to any payments to the Group 1, Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06: (i) first, to the Class C-B-1 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (ii) second, to the Class C-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (iii) third, to the Class C-B-2 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (iv) fourth, to the Class C-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (v) fifth, to the Class C-B-3 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (vi) sixth, to the Class C-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (vii) seventh, to the Class C-B-4 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (viii) eighth, to the Class C-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (ix) ninth, to the Class C-B-5 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (x) tenth, to the Class C-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (xi) eleventh, to the Class C-B-6 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xii) twelfth, to the Class C-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (xiii) thirteenth, to the Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates, in that order, up to an amount of Net Realized Losses for such Class, if any; provided, however, that any amounts distributed pursuant to this Section 4.01(A)(f)(xiii) will not cause a further reduction in the Class Principal Balances of any of the Group C-B Certificates; and (xiv) fourteenth, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1 Certificates as follows: (i) first, concurrently, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 1 Certificates entitled to principal, pro rata based on Class Principal Balances, as principal, the Senior Principal Distribution Amount for Loan Group 1, until their respective Class Principal Balances are reduced to zero; and (iii) third, after any payments to the Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (h) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(h)(i), only the portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 2 Certificates, as principal, the Senior Principal Distribution Amount for Loan Group 2, pro rata based on Class Principal Balances, until their respective Class Principal Balance is reduced to zero; and (iii) third, after any payments to the Group 1, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (i) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 3 will be made with respect to the Group 3, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 3 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(i)(i), only the portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 3 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 3, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (j) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 4 will be made with respect to the Group 4, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 4 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 4, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (k) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will be made with respect to the Group 5, Class C-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 5 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 5, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (B) On each Distribution Date, the amount referred to in clause (i) of the definition of Interest Distribution Amount for such Distribution Date for each Class of Group 1, Group 2, Group 3, Group 4, Group 5, Group C-B, Class A-X and Class C-X Certificates shall be reduced by the Trust Administrator by, the related Class’s pro rata share (based on the amount of the Interest Distribution Amount for each such Class before reduction pursuant to this Section 4.01(B)) of (i) Net Prepayment Interest Shortfalls experienced by the Mortgage Loans in a related Loan Group for such Distribution Date; and (ii) (A) after the related Special Hazard Coverage Termination Date, with respect to each Mortgage Loan in a related Loan Group that became a Special Hazard Mortgage Loan during the prior calendar month, the excess of one month’s interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, (B) after the related Bankruptcy Coverage Termination Date, with respect to each Mortgag

Priorities of Distribution. (A) On each Distribution Date, the Trust Administrator shall determine the amounts to be distributed to each Class of Certificates as follows: (a) with respect to the Group 1 and Class D-P Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 1, subject to Section 4.01(B) below: (i) first, to the Group 1 Certificates entitled to interestClass D-P Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Class P Principal Distribution Amount that would have been distributed in the absence of such shortfall; andfor Loan Group 1; (ii) second, to the Group 1 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 1, in the following order of priority; (A) first, to the Class AR and Class AR-L Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (B) second, to the Class 1-A-1, Class 1-A-2, Class 1-A-3 and Class 1-A-6 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (b) with respect to the Group 2 and Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided however, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(b)(i), only a portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Amount for any Distribution Date on or before the Class 2-A-2/2-A-5 Accretion Termination Date will instead be distributed in accordance with the Class 2-A-2/2-A-5 Accretion Direction Rule; and (ii) second, to the Group 2 Certificates, the Senior Principal Distribution Amount for Loan Group 2, in the following order of priority; (A) first, to the Class 2-A-4, the Group 2 Priority Amount, until its Class Principal Balance is reduced to zero; (B) second, to the Class 2-A-1 Certificates, until its Class Principal Balance is reduced to zero; (C) third, to the Class 2-A-3 Certificates, until its Class Principal Balance is reduced to zero; (D) fourth, to the Class 2-A-2 and Class 2-A-5 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; and (E) fifth, to the Class 2-A-4 Certificates, until its Class Principal Balance is reduced to zero; (c) with respect to Group 3 and the Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 3, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 3 Certificates and the Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Group 3 Certificates entitled to principal, the Senior Distribution Amount for Loan Group 3 to the Class 3-A-1 and Class 3-A-3 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (d) with respect to the Group 4 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below: (i) first, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; and (ii) second, to the Class 4-A-2 and Class 4-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 4, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (e) with respect to the Group 5 and Class C-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 5, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (iiiii) secondthird, to the Class 5-A-2 and Class 5-A-3 Group 1 Certificates, the Senior Principal Distribution Amount for Loan Group 51, in the following order of priority: (A) first, to the Class AR and Class AR-L Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (f) with respect to the Group C-B, Class AR and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5 remaining after giving effect to the distributions pursuant to Section 4.01(A)(a), (b), (c), (d) and (e) above, subject to Sections 4.01(B) and 4.01(C) below, and further subject to any payments to the Group 1, Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06: (i) first, to the Class C-B-1 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (ii) second, to the Class C1-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (iii) third, to the Class C-B-2 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (iv) fourth, to the Class C-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (v) fifth, to the Class C-B-3 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (vi) sixth, to the Class C-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (vii) seventh, to the Class C-B-4 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (viii) eighth, to the Class C-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (ix) ninth, to the Class C-B-5 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (x) tenth, to the Class C-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (xi) eleventh, to the Class C-B-6 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xii) twelfth, to the Class C-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (xiii) thirteenth, to the Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 A-1 and Class C1-B-6 A-2 Certificates, in that order, up to an amount of Net Realized Losses for such Class, if any; provided, however, that any amounts distributed pursuant to this Section 4.01(A)(f)(xiii) will not cause a further reduction in the Class Principal Balances of any of the Group C-B Certificates; and (xiv) fourteenth, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1 Certificates as follows: (i) first, concurrently, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 1 Certificates entitled to principal, pro rata based on Class Principal Balances, as principal, the Senior Principal Distribution Amount for Loan Group 1, until their respective Class Principal Balances are reduced to zero; and (iii) third, after any payments to the Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (h) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(h)(i), only the portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 2 Certificates, as principal, the Senior Principal Distribution Amount for Loan Group 2, pro rata based on Class Principal Balances, until their respective Class Principal Balance is reduced to zero; and (iii) third, after any payments to the Group 1, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (i) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 3 will be made with respect to the Group 3, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 3 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(i)(i), only the portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 3 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 3, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is are reduced to zero; and; (iiib) third, after any payments with respect to the Group 12 Certificates, Group 2, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (j) On or after before the related Credit Support Depletion Date, distributions of Date and from the Available Distribution Amount for relating to Loan Group 4 will be made with respect 2, subject to the Group 4, Class AR and Class AR-L Certificates as followsSection 4.01(B) below: (i) first, concurrently, to the Group 4 2 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 4 Certificates entitled to principal2 Certificates, the Senior Principal Distribution Amount for Loan Group 42, as principalin the following order of priority: (A) first, to the Class 2-A-4 and Class 2-A-5 Certificates, the Group 2 Priority Amount, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (B) second, to the Class 2-A-1-A and Class 2-A-2-A Components, pro rata based on Component Principal Balances, until their respective Component Principal Balances are reduced to zero; (C) third, to the Class 2-A-3 Certificates, until its Class Principal Balance is reduced to zero; and; (iiiD) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amountfourth, to the Class AR2-L Certificates (A-4 and Class 2-A-5 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balance are reduced to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC)zero; (kc) On or after with respect to the Group 3 Certificates, before the related Credit Support Depletion Date, distributions of Date and from the Available Distribution Amount for relating to Loan Group 5 will be made with respect 3, subject to the Group 5, Class C-X, Class AR and Class AR-L Certificates as followsSection 4.01(B) below: (i) first, concurrently, to the Group 5 and Class C-X 3 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that any Class 3-A-6 Accrual Amount for any Distribution Date on or before the Class 3-A-6 Accretion Termination Date will instead be distributed as principal in accordance with the Class 3-A-6 Accretion Direction Rule; (ii) second, to the Group 5 Certificates 3 Certificates, entitled to principal, the Senior Principal Distribution Amount for Loan Group 53, as principalin the following order of priority (A) first, to the Class 3-A-3, Class 3-A-4 and Class 3-A-10 Certificates, the Group 3 Priority Amount, pro rata based on Class Principal Balances, until their respective Class Principal Balances is Balance are reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (B) On each Distribution Datesecond, to the amount referred to in clause (i) of the definition of Interest Distribution Amount for such Distribution Date for each Class of Group 1, Group 2, Group 3, Group 4, Group 5, Group C-B, Class A-X A-1 Certificates and Class C2-X Certificates shall be reduced by the Trust Administrator byA-1-B and Class 2-A-2-B Components, the related Class’s pro rata share (based on the amount of the Interest Distribution Amount for each such Class before reduction pursuant to this Section 4.01(B)) of (i) Net Prepayment Interest Shortfalls experienced by the Mortgage Loans in a related Loan Group for such Distribution Date; and (ii) (A) after the related Special Hazard Coverage Termination Date, with respect to each Mortgage Loan in a related Loan Group that became a Special Hazard Mortgage Loan during the prior calendar month, the excess of one month’s interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan or Component Principal Balances, as of the Due Date in such month over the amount of Liquidation Proceeds applied applicable, until their respective Class Principal Balances or Component Principal Balances, as interest on such Mortgage Loan with respect applicable, are reduced to such monthzero; (C) third, (B) after the related Bankruptcy Coverage Termination Dateconcurrently, with respect to each Mortgagas follows:

Priorities of Distribution. (Aa) On each Distribution Date, the Trust Administrator Trustee shall determine withdraw the amounts Available Funds from the Distribution Account and apply such funds to be distributed to distributions on the specified Classes of Senior Certificates in the following order and priority and, in each Class of Certificates as follows: (a) with respect case, to the Group 1 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 1, subject to Section 4.01(B) belowextent of such funds remaining: (i) first, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to the Group 1 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 1, in the following order of priority; (A) first, to the Class AR and Class AR-L Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (B) second, to the Class 1-A-1, Class 1-A-2, Class 1-A-3 and Class 1-A-6 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (b) with respect to the Group 2 and Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 2 and each interest-bearing Class A-X of Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount; , any shortfall being allocated pro rata among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided however, that for the purposes of distributions prior to the Class A-X Certificates pursuant to this Section 4.01(A)(b)(i)Accrual Termination Date, only a portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Amount for any Distribution Date on or before shall be distributed as provided in Section 4.02(a)(ii); (ii) the Class 2-A-2/2-A-5 Accretion Termination Date Accrual Amount will instead be distributed in accordance with the Class 2-A-2/2-A-5 A-6 Accretion Direction Rule; (iii) concurrently, to the Classes of Senior Certificates as follows: (A) to the Class PO Certificates an amount allocable to the PO Formula Principal Amount up to the Outstanding Class Certificate Balance thereof; and (iiB) second, on each Distribution Date prior to the Group 2 CertificatesSenior Credit Support Depletion Date, the Non-PO Formula Principal Amount up to the amount of the Senior Principal Distribution Amount for Loan Group 2such Distribution Date will be distributed, in the following order of priority;sequentially, as follows: (A1) first, to the Class 2A-A-4, the Group 2 Priority Amount, R Certificates until its Class Principal Certificate Balance is reduced to zero; (B2) second, to the Class 2-A-1 A-7 Certificates, the Priority Amount, until its Class Principal Certificate Balance is reduced to zero; (C3) thirdconcurrently, to the Class 2-A-1, Class A-2, Class A-3 Certificates, until its ▇nd Class Principal Balance is reduced to zero; (D) fourth, to the Class 2-A-2 and Class 2-A-5 A-4 Certificates, pro rata based on Class Principal Balancesrata, until their respective Class Principal Balances are reduced to zero; and (E) fifth, to the Class 2-A-4 Certificates, until its Class Principal Balance is reduced to zero; (c) with respect to Group 3 and the Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 3, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 3 Certificates and the Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Group 3 Certificates entitled to principal, the Senior Distribution Amount for Loan Group 3 to the Class 3-A-1 and Class 3-A-3 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Certificate Balances are reduced to zero; (d4) with respect to the Group 4 Class A-6 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating until its Class Certificate Balance is reduced to Loan Group 4, subject to Section 4.01(B) below: (i) first, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amountzero; and (ii5) second, to the Class 4-A-2 A-7 Certificates, without regard to the Priority Amount, until its Class Certificate Balance is reduced to zero. (iv) to the Class PO Certificates, any Class PO Deferred Amount, up to an amount not to exceed the amount calculated pursuant to the definition of Subordinated Principal Distribution Amount actually received or advanced for such Distribution Date (with such amount to be allocated first from amounts calculated pursuant to (i) and Class 4-A-3 (ii) and then (iii) of the definition of Subordinated Principal Distribution Amount); (v) On each Distribution Date, Available Funds remaining after making the distributions described in Section 4.02(a)(i)-(iv) will be distributed to the Subordinated Certificates, the Senior Principal Distribution Amount for Loan Group 4, pro rata based on Class Principal Balances, until their respective P Certificates and the Class Principal Balances are reduced to zero; (e) with respect to the Group 5 and Class CA-X R Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 5, subject to Section 4.01(Bparagraph 4.02(e) below, in the following order of priority: (iA) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to the Class 5-A-2 and Class 5-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 5, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (f) with respect to the Group C-B, Class AR and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5 remaining after giving effect to the distributions pursuant to Section 4.01(A)(a), (b), (c), (d) and (e) above, subject to Sections 4.01(B) and 4.01(C) below, and further subject to any payments to the Group 1, Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06: (i) first, to the Class C-B-1 Certificates, an amount allocable to interest equal to the Class Optimal Interest Distribution Amount for such Class for such Distribution Date; (iiB) second, to the Class C-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its the Class Principal Certificate Balance thereof is reduced to zero; (iiiC) third, to the Class C-B-2 Certificates, an amount allocable to interest equal to the Class Optimal Interest Distribution Amount for such Class for such Distribution Date; (ivD) fourth, to the Class C-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its the Class Principal Certificate Balance thereof is reduced to zero; (vE) fifth, to the Class C-B-3 Certificates, an amount allocable to interest equal to the Class Optimal Interest Distribution Amount for such Class for such Distribution Date; (viF) sixth, to the Class C-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its the Class Principal Certificate Balance thereof is reduced to zero; (viiG) seventh, to the Class C-B-4 Certificates, an amount allocable to interest equal to the Class Optimal Interest Distribution Amount for such Class for such Distribution Date; (viiiH) eighth, to the Class C-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its the Class Principal Certificate Balance thereof is reduced to zero; (ixI) ninth, to the Class C-B-5 Certificates, an amount allocable to interest equal to the Class Optimal Interest Distribution Amount for such Class for such Distribution Date; (xJ) tenth, to the Class C-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its the Class Principal Certificate Balance thereof is reduced to zero; (xiK) eleventh, to the Class C-B-6 Certificates, an amount allocable to interest equal to the Class Optimal Interest Distribution Amount for such Class for such Distribution Date; (xiiL) twelfth, to the Class C-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its the Class Principal Certificate Balance thereof is reduced to zero; (xiiiM) thirteenthto the Class A-R Certificates, any remaining funds; provided such amounts shall not include the $100 held in trust for the Class P Certificates. On each Distribution Date, all amounts representing Prepayment Charges received during the related Prepayment Period will be distributed to the holders of the Class P Certificates. On the Distribution Date immediately following the expiration of the latest prepayment penalty term of the Mortgage Loans, the $100 held in trust for the Class P Certificates will be distributed to the holders of the Class P Certificates. On any Distribution Date, amounts distributed in respect of Class PO Deferred Amounts will not reduce the Class Certificate Balance of the Class PO Certificates. On any Distribution Date, to the extent the Amount Available for Senior Principal is insufficient to make the full distribution required to be made pursuant to clause (a)(iii), (A) the amount distributable on the Class C-B-1PO Certificate in respect of principal shall be equal to the product of (1) the Amount Available for Senior Principal and (2) a fraction, the numerator of which is the PO Formula Principal Amount and the denominator of which is the sum of such PO Formula Principal Amount and the Senior Principal Distribution Amount and (B) the amount distributable on the Senior Certificates other than the Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 PO Certificates, in that orderrespect of principal shall be equal to the product of (1) the Amount Available for Senior Principal and (2) a fraction, up to an amount the numerator of Net Realized Losses for which is such Class, if any; provided, however, that any amounts distributed pursuant to this Section 4.01(A)(f)(xiii) will not cause a further reduction in Senior Principal Distribution Amount and the Class denominator of which is such Senior Principal Balances of any of Distribution Amount and the Group C-B Certificates; andPO Formula Principal Amount. (xivb) fourteenth, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1Notwithstanding anything provided in Section 4.02(a), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or on each Distribution Date on and after the related Senior Credit Support Depletion Date, distributions the lesser of the Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1 Certificates as follows: (i) first, concurrently, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 1 Certificates entitled to principal, pro rata based on Class Principal Balances, as principal, the Senior Principal Distribution Amount for Loan Group 1and the Non-PO Formula Principal Amount will be distributed, until concurrently, as principal of the classes of Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates), pro rata, in accordance with their respective Class Principal Certificate Balances are reduced to zero; andimmediately before that Distribution Date. (iiic) third, after any payments to the Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC)[Reserved]; (h) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(h)(i), only the portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 2 Certificates, as principal, the Senior Principal Distribution Amount for Loan Group 2, pro rata based on Class Principal Balances, until their respective Class Principal Balance is reduced to zero; and (iii) third, after any payments to the Group 1, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (i) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 3 will be made with respect to the Group 3, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 3 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(i)(i), only the portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 3 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 3, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (j) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 4 will be made with respect to the Group 4, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 4 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 4, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (k) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will be made with respect to the Group 5, Class C-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 5 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 5, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (Bd) On each Distribution Date, the amount referred to in clause (i) of the definition of Interest Distribution Amount for such Distribution Date for each Class of Group 1, Group 2, Group 3, Group 4, Group 5, Group C-B, Class A-X and Class C-X Certificates shall be reduced by the Trust Administrator by, the related Class’s pro rata share (based on the amount of the Optimal Interest Distribution Amount for each Class of Certificates for such Class before reduction pursuant to this Section 4.01(B)) of Distribution Date shall be reduced by (i) the related Class' pro rata share of Net Prepayment Interest Shortfalls experienced by based on the Mortgage Loans in a related Loan Group for such Optimal Interest Distribution Date; Amount and (ii) the related Class' Allocable Share of (A) after the related Special Hazard Coverage Termination Date, with respect to each Mortgage Loan in a related Loan Group that became a Special Hazard Mortgage Loan during the prior calendar monthmonth preceding the month of such Distribution Date, the excess of one month’s 's interest at the related Adjusted Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, (B) after the related Bankruptcy Coverage Termination Date, with respect to each MortgagMortgage Loan that became subject to a Bankruptcy Loss during the calendar month preceding the month of such Distribution Date, the interest portion of the related Debt Service Reduction or Deficient Valuation, (C) each Relief Act Reduction for the Mortgage Loans incurred during the calendar month preceding the month of such Distribution Date and (D) after the Fraud Loss Coverage Termination Date, with respect to each Mortgage Loan that became a Fraud Loan during the calendar month preceding the month of such Distribution Date, the excess of one month's interest at the related Adjusted Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month. (e) Notwithstanding the priority and allocation contained in Section 4.02(a), if, with respect to any Class of Subordinated Certificates, on any Distribution Date the sum of the related Class Subordination Percentages of such Class and of all Classes of Subordinated Certificates that have a higher numerical Class designation than such Class (the "Applicable Credit Support Percentage") is less than the Original Applicable Credit Support Percentage for such Class, no distribution of Principal Prepayments on the Mortgage Loans will be made to any such Classes (the "Restricted Classes") and the amount of such Principal Prepayments otherwise distributable to the Restricted Classes shall be distributed to the Classes of Subordinated Certificates having lower numerical Class designations than such Class, pro rata, based on their respective Class Certificate Balances immediately prior to such Distribution Date and shall be distributed in the sequential order set forth in Section 4.02(a)(v). Notwithstanding the foregoing, the Class of Subordinated Certificates then outstanding with the lowest numerical Class designation shall not be a Restricted Class. (f) On each Distribution Date, Available Funds shall be distributed on the Subsidiary REMIC Regular Interests, in each case in an amount sufficient to make the distributions to the Corresponding Classes of Certificates on such Distribution Date in accordance with the provisions of Section 4.02(a).

Priorities of Distribution. (Aa) On each Distribution Date, the Trust Administrator shall determine withdraw the amounts related Group Available Funds (to be distributed the extent on deposit in the Distribution Account) from the Distribution Account and, pursuant to written instruction received from the Master Servicer as set forth in Section 4.04(a), upon which it may conclusively rely, apply such funds, first to distributions in respect of the Subsidiary and Middle REMIC Regular Interests, as provided in Section 4.02(g), and then to distributions on the Certificates in the following order and priority and, in each Class case, to the extent of Certificates as follows:such Group Available Funds, subject to adjustment in accordance with Sections 4.02(b), 4.02(d) and 4.02(d): (ai) with With respect to the Group 1 Certificates, before the related Credit Support Depletion Date and from the Group 1 Available Distribution Amount relating to Loan Group 1, subject to Section 4.01(B) below: (i) first, Funds; with respect to the Group 2 Certificates, from the Group 2 Available Funds; with respect to the Group 3 Certificates, from the Group 3 Available Funds; with respect to the Class PO Certificates, from the Group 1 Certificates entitled Available Funds; with respect to interestthe Class 30-A-X Certificates, from the Group 2 Available Funds; with respect to the Class 15-A-X Certificates, from the Group 3 Available Funds; and with respect to the Subordinate Certificates, from the Group 1 Available Funds, Group 2 Available Funds and Group 3 Available Funds, as follows: first, concurrently, (A) to each Class of Group 1 Certificates, pro rata based on the Accrued Certificate Interest of each such Class, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfallAccrued Certificate Interest; and (iiB) second, to the each Class of Group 1 2 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 1, in the following order of priority; (A) first, to and the Class AR and Class AR30-L A-X Certificates, pro rata based on Class Principal Balancesthe Accrued Certificate Interest of each such Class, until their respective Class Principal Balances are reduced an amount allocable to zero;interest equal to the related Accrued Certificate Interest; and (BC) second, to each Class of Group 3 Certificates and the Class 115-A-1, Class 1-A-2, Class 1-A-3 and Class 1-A-6 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (b) with respect to the Group 2 and Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution AmountAccrued Certificate Interest; in each case (clause (A), (B) and (C) of this paragraph), any shortfall being shall be allocated pro rata among such Classes described in the related paragraph in proportion to the amount of the Accrued Certificate Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided howeverand second, that for concurrently, (A) to the purposes extent of distributions remaining Group 1 Available Funds, to the Group 1 Certificates and the Class PO Certificates, concurrently, as follows: (1) to the Class A-X Certificates pursuant PO Certificates, an amount allocable to this Section 4.01(A)(b)(i)principal equal to the PO Principal Distribution Amount, only a portion up to the outstanding Certificate Principal Balance of the Class A-X Notional Amount derived from PO Certificates; and (2) to the Group 2 Mortgage Loans will be used 1 Certificates, in an amount up to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual the Senior Optimal Principal Amount for any Collateral Group 1 for such Distribution Date, sequentially, as follows (provided, that, on each Distribution Date on or before after the Class 2Cross-A-2/2-A-5 Accretion Termination Date Over Date, this amount will instead be distributed in accordance with the to each Class 2-A-2/2-A-5 Accretion Direction Rule; andof Group 1 Certificates, pro rata, according to Certificate Principal Balances, until their respective Certificate Principal Balances are reduced to zero): (ii) second, to the Group 2 Certificates, the Senior Principal Distribution Amount for Loan Group 2, in the following order of priority; (Aa) first, to the Class 2A-A-4LR and Class A-UR Certificates, pro rata based on Certificate Principal Balances, until their respective Certificate Principal Balances are reduced to zero; (b) second, to the Class 1-A-3 and Class 1-A-4 Certificates, pro rata, up to the Group 2 1 Priority Amount, until their respective Certificate Principal Balances are reduced to zero; (c) third, to the Class 1-A-1 Certificates until its Certificate Principal Balance is reduced to Zero; (d) fourth, to the Class 1-A-2 Certificates until its Certificate Principal Balance is reduced to zero; (e) fifth, to the Class 1-A-3 and Class 1-A-4 Certificates, pro rata, until their respective Certificate Principal Balances are reduced to zero. (B) to the extent of remaining Group 2 Available Funds, to the Group 2 Certificates as follows: (1) an amount up to the Senior Optimal Principal Amount for Collateral Group 2 for such Distribution Date, sequentially, as follows (provided, that, on each Distribution Date on or after the Cross-Over Date, the available Senior Optimal Principal Amount for Collateral Group 2 for such Distribution Date will be distributed to each Class of Group 2 Certificates, pro rata, according to Certificate Principal Balances, until their respective Certificate Principal Balances are reduced to zero): (a) first, to the Class 2-A-4 and Class 2-A-5 Certificates, pro rata, up to the Group 2 Priority Amount, until their respective Certificate Principal Balances are reduced to zero; (b) second, to the Class 2-A-1 and Class 2-A-2 Certificates, pro rata, until its Class their respective Certificate Principal Balance is Balances are reduced to zero; (Cc) third, to the Class 2-A-3 Certificates, until its Class Certificate Principal Balance is reduced to zero; (Dd) fourth, to the Class 2-A-2 A-4 and Class 2-A-5 Certificates, pro rata based on Class Principal Balancesrata, until their respective Class Principal Balances are reduced to zero; and (E) fifth, to the Class 2-A-4 Certificates, until its Class Principal Balance is reduced to zero; (c) with respect to Group 3 and the Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 3, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 3 Certificates and the Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Group 3 Certificates entitled to principal, the Senior Distribution Amount for Loan Group 3 to the Class 3-A-1 and Class 3-A-3 Certificates, pro rata based on Class Principal Balances, until their respective Class Certificate Principal Balances are reduced to zero; (dC) with respect to the extent of remaining Group 3 Available Funds as follows: (a) to the Class PO Certificates, until its Certificate Principal Balance is reduced to zero; and (b) to the Group 4 3-A-1 Certificates, before until its Certificate Principal Balance is reduced to zero; third, only on any Distribution Date on or prior to the related Credit Support Depletion Date and from Cross-Over Date, to the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below: Class PO Certificates (i) first, any PO Recoveries for that Distribution Date related to Collateral Group 1 and Collateral Group 3, up to the Group 4 Certificates1 PO Deferred Amount and the Group 3 PO Deferred Amount for that Distribution Date, an amount allocable until the PO Deferred Amount has been reduced to interest equal to the related Interest Distribution Amount; and zero and (ii) second, from the remaining Available Funds for Collateral Group 1 and Collateral Group 3, up to the remaining Group 1 PO Deferred Amount and Group 3 PO Deferred Amount, as applicable, for that Distribution Date; provided, however, that (1) the aggregate distributions pursuant to clause (ii) of this priority third in excess of PO Recoveries shall not exceed the Aggregate Subordinate Optimal Principal Amount for such Distribution Date and shall be payable from the Aggregate Subordinate Optimal Principal Amount, first, from the amounts in clause (i) of the definition “Subordinate Optimal Principal Amount,” second, from amounts in clause (ii) of the definition thereof and third, from amounts in clause (iii) of the definition thereof and (2) any distribution to the Class 4-A-2 and Class 4-A-3 CertificatesPO Certificates pursuant to this Section 4.02(a)(i) third shall not reduce the Certificate Principal Balance of such Class; fourth, the Senior Principal Distribution Amount for Loan Group 4, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (e) with respect to the Group 5 and Class C-X Certificates, before the related Credit Support Depletion Date and Subordinate Certificates from the remaining Available Distribution Amount relating to Loan Funds for each Collateral Group 5in the aggregate, subject to Section 4.01(B4.02(b) belowand 4.02(d), in the following order of priority: (iA) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to the Class 5-A-2 and Class 5-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 5, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (f) with respect to the Group C-B, Class AR and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5 remaining after giving effect to the distributions pursuant to Section 4.01(A)(a), (b), (c), (d) and (e) above, subject to Sections 4.01(B) and 4.01(C) below, and further subject to any payments to the Group 1, Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06: (i) first, to the Class C-B-1 Certificates, an amount allocable to interest equal to the Accrued Certificate Interest Distribution Amount for such Class for such Distribution Date; (iiB) second, to the Class C-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Allocable Share for such Distribution Date, Date until its Class the Certificate Principal Balance of such Class is reduced to zero; (iiiC) third, to the Class C-B-2 Certificates, an amount allocable to interest equal to the Accrued Certificate Interest Distribution Amount for such Class for such Distribution Date; (ivD) fourth, to the Class C-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Allocable Share for such Distribution Date, Date until its Class the Certificate Principal Balance of such Class is reduced to zero; (vE) fifth, to the Class C-B-3 Certificates, an amount allocable to interest equal to the Accrued Certificate Interest Distribution Amount for such Class for such Distribution Date; (viF) sixth, to the Class C-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Allocable Share for such Distribution Date, Date until its Class the Certificate Principal Balance of such Class is reduced to zero; (viiG) seventh, to the Class C-B-4 Certificates, an amount allocable to interest equal to the Accrued Certificate Interest Distribution Amount for such Class for such Distribution Date; (viiiH) eighth, to the Class C-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Allocable Share for such Distribution Date, Date until its Class the Certificate Principal Balance of such Class is reduced to zero; (ixI) ninth, to the Class C-B-5 Certificates, an amount allocable to interest equal to the Accrued Certificate Interest Distribution Amount for such Class for such Distribution Date; (xJ) tenth, to the Class C-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Allocable Share for such Distribution Date, Date until its Class the Certificate Principal Balance of such Class is reduced to zero; (xiK) eleventh, to the Class C-B-6 Certificates, an amount allocable to interest equal to the Accrued Certificate Interest Distribution Amount for such Class for such Distribution Date; (xiiL) twelfth, to the Class C-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Allocable Share for such Distribution Date, Date until its Class the Certificate Principal Balance of such Class is reduced to zero; (xiii) thirteenth; and fifth, to the Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates, in that order, up to an amount of Net Realized Losses for such Class, if any; provided, however, that any amounts distributed pursuant to this Section 4.01(A)(f)(xiii) will not cause a further reduction in the Class Principal Balances of any of the Group C-B Certificates; and (xiv) fourteenth, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1 Certificates as follows: (i) first, concurrently, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 1 Certificates entitled to principal, pro rata based on Class Principal Balances, as principal, the Senior Principal Distribution Amount for Loan Group 1, until their respective Class Principal Balances are reduced to zero; and (iii) third, after any payments to the Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (h) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(h)(i), only the portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 2 Certificates, as principal, the Senior Principal Distribution Amount for Loan Group 2, pro rata based on Class Principal Balances, until their respective Class Principal Balance is reduced to zero; and (iii) third, after any payments to the Group 1, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06LR Certificate, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (i) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 3 will be made with respect to the Group 3, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 3 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed funds in the absence of such shortfall; providedSubsidiary REMIC, that for the purposes of distributions and to the Class A-X Certificates pursuant to this Section 4.01(A)(i)(i)UR Certificate, only the portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; (ii) secondany remaining funds in each remaining REMIC. On any Distribution Date, to the extent the Amount Available for Group 3 1 Principal is insufficient to make the full distribution required to be made pursuant to clause (i), priority second sub-clause (A) above, (x) the amount distributable on the Class PO Certificates entitled in respect of principal pursuant to principalsuch clause (i), priority second sub-clause (A) above shall be equal to the product of (1) the Amount Available for Group 1 Principal and (2) a fraction, the Senior numerator of which is the PO Principal Distribution Amount for Loan Collateral Group 3, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances 1 and the denominator of which is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (j) On or after the related Credit Support Depletion Date, distributions sum of the Available Distribution Amount for Loan Group 4 will be made with respect to the Group 4, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 4 Certificates entitled to principal, the Senior PO Principal Distribution Amount for Loan Collateral Group 4, as principal, pro rata based 1 and the Senior Optimal Principal Amount for Collateral Group 1 and (y) the amount distributable on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 1 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any in respect of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (k) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will principal shall be made with respect to the Group 5, Class C-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to product of (1) the amount Amount Available for Group 1 Principal and (2) a fraction, the numerator of which is the Senior Optimal Principal Amount for Collateral Group 1 and the denominator of which is the sum of the Interest Distribution Senior Optimal Principal Amount that would have been distributed in for Collateral Group 1 and the absence of such shortfall; (ii) second, to the Group 5 Certificates entitled to principal, the Senior PO Principal Distribution Amount for Loan Collateral Group 5, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and1. (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (Bb) On each Distribution Date, the amount referred to in clause (i) of the definition of Accrued Certificate Interest Distribution Amount for each Class of Certificates (other than the Class PO Certificates) shall be reduced by (i) the related Class’s pro rata share of Net Prepayment Interest Shortfalls with respect to the Mortgage Loans in the related Collateral Group, based on such Class’s Accrued Certificate Interest for such Distribution Date for each Class of Group 1, Group 2, Group 3, Group 4, Group 5, Group C-B, Class A-X without taking into account such Net Prepayment Interest Shortfalls and Class C-X Certificates shall be reduced by the Trust Administrator by, (ii) the related Class’s pro rata share (based on the amount of the Interest Distribution Amount for each such Class before reduction pursuant to this Section 4.01(B)Class’ pro rata share without taking into account any such reduction) of (i) Net Prepayment Interest Shortfalls experienced by the Mortgage Loans in a related Loan Group for such Distribution Date; and (ii) (A) after the related Special Hazard Coverage Termination Date, Date with respect to each Mortgage Loan in a the related Loan Collateral Group that became a Special Hazard Mortgage Loan during the prior calendar monthmonth preceding the month of such Distribution Date, the excess of one month’s interest at the related Net Mortgage Rate on the Stated Scheduled Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, (B) after the related Bankruptcy Coverage Termination Date, Date with respect to each MortgagMortgage Loan in the related Collateral Group or Collateral Groups that became subject to a Bankruptcy Loss during the calendar month preceding the month of such Distribution Date, the interest portion of the related Deficient Valuation, (C) each Relief Act Reduction incurred on a Mortgage Loan in the related Collateral Group or Collateral Groups, during the calendar month preceding the month of such Distribution Date and (D) after the Fraud Loss Coverage Termination Date with respect to each Mortgage Loan in the related Collateral Group or Collateral Groups that became a Fraud Loan during the calendar month preceding the month of such Distribution Date, the excess of one month’s interest at the related Net Mortgage Rate on the Scheduled Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month. For purposes of calculating the reduction in the amount referred to in clause (i) of the definition of Accrued Certificate Interest for each Class of Subordinate Certificates in respect of any Collateral Group, such reduction shall be based on the amount of interest accruing at the Required Coupon for such Collateral Group (or in the case of Collateral Group 2, 6.50% per annum), in each case based on such Class’s proportionate share, based on Certificate Principal Balance, of the related Group Subordinate Amount for that Distribution Date. (c) Notwithstanding the priority and allocation contained in Section 4.02(a)(i) priority fourth, if with respect to any Class of Subordinate Certificates on any Distribution Date, such Class has not satisfied the related Class Prepayment Distribution Trigger, no distribution of amounts pursuant to clauses (ii) and (iii) of the definition of the Subordinate Optimal Principal Amount will be made to any such Classes (the “Restricted Classes”) and such amounts otherwise distributable to the Restricted Classes shall be distributed to any Classes of Subordinate Certificates that are not Restricted Classes, having lower numerical Class designations than such Restricted Classes, pro rata based on their respective Certificate Principal Balances immediately prior to such Distribution Date. The calculation of any amount to be distributed under this Section 4.02(c) shall be made by the Master Servicer. (d) On each Distribution Date, after application of Group 1 Available Funds, Group 2 Available Funds and Group 3 Available Funds in accordance with Section 4.02(a)(i) items first and second, the Trust Administrator shall effect cross-collateralization among each Certificate Group in the following priority: (i) Subject to Section 4.02(b), to the extent any Accrued Certificate Interest with respect to any Class of Senior Certificates (other than the Class PO Certificates) remains unpaid after application of Available Funds for the related Collateral Group in accordance with Section 4.02(a)(i) items first and second, Available Funds for the other Collateral Groups remaining after payments on the Senior Certificates related to such other Collateral Groups (other than the Class PO Certificates) shall be applied to cover such unpaid Accrued Certificate Interest and, to the extent there are insufficient funds to pay such amounts in full, shall be applied pro rata based on the amounts of such unpaid Accrued Certificate Interest. (ii) Prior to the Cross-Over Date, to the extent any Group 1 PO Deferred Amount and Group 3 PO Deferred Amount have not been paid from Group 1 Available Funds and Group 3 Available Funds, respectively, the available Subordinate Principal Distribution Amount for the Subordinate Certificates shall be applied to pay any such PO Deferred Amounts. (iii) If on any Distribution Date, one or more Certificate Groups is an Undercollateralized Group, the available Subordinate Principal Distribution Amount for the Subordinate Certificates shall be paid to such Undercollateralized Group or Groups as principal to the Senior Certificates of such Undercollateralized Group or Groups in accordance with the priorities set forth in Section 4.02(a)(i) until the aggregate Certificate Principal Balance of the Senior Certificates of each such Undercollateralized Group equals the related Group Balance of the related Collateral Group (net of the Group 1 PO Percentage of the Scheduled Principal Balance of each Discount Mortgage Loan in such Collateral Group, if any). If more than one such Certificate Group is an Undercollateralized Group, the available Subordinate Principal Distribution Amount for the Subordinate Certificates shall be distributed between such Undercollateralized Groups pro rata based on the outstanding balances of the respective Certificate Groups. (iv) On or after the date on which the Certificate Principal Balances of all of the Senior Certificates in any Certificate Group have been reduced to zero, amounts otherwise distributable as principal on the Subordinate Certificates, up to the applicable Apportioned Subordinate Principal Distribution Amount, shall be paid pro rata as principal to t

Priorities of Distribution. (A1) On each Distribution Date, the Trust Administrator Trustee shall determine withdraw the amounts Available Funds for Loan Group 1 from the Distribution Account and apply such funds to be distributed to each Class of Certificates as follows: (a) with respect to distributions on the Group 1 CertificatesSenior Certificates in the following order and priority and, before in each case, to the related Credit Support Depletion Date and from the extent of Available Distribution Amount relating to Loan Group 1, subject to Section 4.01(B) belowFunds remaining: (i) first, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to the Group 1 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 1, in the following order of priority; (A) first, to the Class AR and Class AR-L Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (B) second, to the Class 1-A-1, Class 1-A-2, Class 1-A-3 and Class 1-A-6 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (b) with respect to the Group 2 and Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) below: (i) first, concurrently, to the each interest-bearing Class of Group 2 and Class A-X 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount; , any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided however, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(b)(i), only a portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Amount for any Distribution Date on or before the Class 2-A-2/2-A-5 Accretion Termination Date will instead be distributed in accordance with the Class 2-A-2/2-A-5 Accretion Direction Rule; and (ii) second, to the Group 2 Certificates, the Senior Principal Distribution Amount for Loan Group 2, in the following order of priority; (A) first, to the Class 2-A-4, the Group 2 Priority Amount, until its Class Principal Balance is reduced to zero; (B) second, to the Class 2-A-1 Certificates, until its Class Principal Balance is reduced to zero; (C) third, to the Class 2-A-3 Certificates, until its Class Principal Balance is reduced to zero; (D) fourth, to the Class 2-A-2 and Class 2-A-5 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; and (E) fifth, to the Class 2-A-4 Certificates, until its Class Principal Balance is reduced to zero; (c) with respect to Group 3 and the Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 3, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 3 Certificates and the Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Group 3 Certificates entitled to principal, the Senior Distribution Amount for Loan Group 3 to the Class 3-A-1 and Class 3-A-3 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (d) with respect to the Group 4 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below: (i) first, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; and (ii) second, to the Class 4-A-2 and Class 4-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 4, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (e) with respect to the Group 5 and Class C-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 5, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to the Class 5-A-2 and Class 5-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 5, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (f) with respect to the Group C-B, Class AR and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5 remaining after giving effect to the distributions pursuant to Section 4.01(A)(a), (b), (c), (d) and (e) above, subject to Sections 4.01(B) and 4.01(C) below, and further subject to any payments to the Group 1, Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06: (i) first, to the Class C-B-1 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (ii) second, to the Class C-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (iii) third, to the Class C-B-2 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (iv) fourth, to the Class C-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (v) fifth, to the Class C-B-3 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (vi) sixth, to the Class C-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (vii) seventh, to the Class C-B-4 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (viii) eighth, to the Class C-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (ix) ninth, to the Class C-B-5 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (x) tenth, to the Class C-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (xi) eleventh, to the Class C-B-6 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xii) twelfth, to the Class C-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (xiii) thirteenth, to the Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates, in that order, up to an amount of Net Realized Losses for such Class, if any; provided, however, that any amounts distributed pursuant to this Section 4.01(A)(f)(xiii) will not cause a further reduction in the Class Principal Balances of any of the Group C-B Certificates; and (xiv) fourteenth, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1 Certificates as follows: (i) first, concurrently, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second[reserved]; (iii) concurrently, to the each Class of Group 1 Senior Certificates entitled to principal, pro rata based as follows: (A) [reserved]; and (B) on Class Principal Balances, as principaleach Distribution Date, the Senior Principal Distribution Amount for Loan Group 1, up to the amount of the related Senior Principal Distribution Amount for such Distribution Date will be distributed, sequentially, to the Class A-R and Class 1-A-1 Certificates, in that order, until their respective Class Principal Certificate Balances are reduced to zero; and (iii) third, after any payments to the Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (hiv) [reserved]; (2) On or after the related Credit Support Depletion each Distribution Date, distributions of the Trustee shall withdraw the Available Distribution Amount Funds for Loan Group 2 will be made with respect from the Distribution Account and apply such funds to distributions on the Group 2 Senior Certificates in the following order and priority and, in each case, to the Group 2, Class A-X, Class AR and Class AR-L Certificates as followsextent of Available Funds remaining: (i) first, concurrently, to the each interest-bearing Class of Group 2 and Class A-X Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount; , any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(h)(i), only the portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 2 Certificates, as principal, the Senior Principal Distribution Amount for Loan Group 2, pro rata based on Class Principal Balances, until their respective Class Principal Balance is reduced to zero; and (iii) third, after any payments to the Group 1, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (i) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 3 will be made with respect to the Group 3, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 3 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(i)(i), only the portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 3 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 3, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (j) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 4 will be made with respect to the Group 4, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 4 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 4, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and[reserved]; (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amountconcurrently, to the each Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC Group 2 or the Master REMIC); (k) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will be made with respect to the Group 5, Class C-X, Class AR and Class AR-L Senior Certificates as follows: (iA) first[reserved]; (B) on each Distribution Date, concurrentlythe Principal Amount for Loan Group 2, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion up to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 5 Certificates entitled to principal, the related Senior Principal Distribution Amount for Loan Group 5, as principal, pro rata based on such Distribution Date will be distributed to the Class Principal Balances, 2-A-1 Certificates until their respective its Class Principal Balances Certificate Balance is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (B3) On each Distribution Date, the amount referred Trustee shall withdraw the Available Funds for Loan Group 3 from the Distribution Account and apply such funds to in clause (i) of the definition of Interest Distribution Amount for such Distribution Date for each Class of Group 1, Group 2, Group 3, Group 4, Group 5, Group C-B, Class A-X and Class C-X Certificates shall be reduced by the Trust Administrator by, the related Class’s pro rata share (based distributions on the amount Group 3 Senior Certificates in the following order and priority and, in each case, to the extent of the Interest Distribution Amount for each such Class before reduction pursuant to this Section 4.01(B)) of (i) Net Prepayment Interest Shortfalls experienced by the Mortgage Loans in a related Loan Group for such Distribution Date; and (ii) (A) after the related Special Hazard Coverage Termination Date, with respect to each Mortgage Loan in a related Loan Group that became a Special Hazard Mortgage Loan during the prior calendar month, the excess of one month’s interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, (B) after the related Bankruptcy Coverage Termination Date, with respect to each MortgagAvailable Funds remaining:

Priorities of Distribution. (A) On each Distribution Date, the Trust Administrator shall determine the amounts to be distributed to each Class of Certificates as follows: (a) with respect to the Group 1 and Class A-P Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 1, subject to Section 4.01(B) below: (i) first, to the Group 1 Certificates entitled to interestClass A-P Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Class P Principal Distribution Amount that would have been distributed in the absence of such shortfall; andfor Loan Group 1; (ii) second, to the Group 1 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 1, in the following order of priority; (A) first, to the Class AR and Class AR-L Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (B) second, to the Class 1-A-1, Class 1-A-2, Class 1-A-3 and Class 1-A-6 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (b) with respect to the Group 2 and Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided however, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(b)(i), only a portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Amount for any Distribution Date on or before the Class 2-A-2/2-A-5 Accretion Termination Date will instead be distributed in accordance with the Class 2-A-2/2-A-5 Accretion Direction Rule; and (ii) second, to the Group 2 Certificates, the Senior Principal Distribution Amount for Loan Group 2, in the following order of priority; (A) first, to the Class 2-A-4, the Group 2 Priority Amount, until its Class Principal Balance is reduced to zero; (B) second, to the Class 2-A-1 Certificates, until its Class Principal Balance is reduced to zero; (C) third, to the Class 2-A-3 Certificates, until its Class Principal Balance is reduced to zero; (D) fourth, to the Class 2-A-2 and Class 2-A-5 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; and (E) fifth, to the Class 2-A-4 Certificates, until its Class Principal Balance is reduced to zero; (c) with respect to Group 3 and the Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 3, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 3 Certificates and the Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Group 3 Certificates entitled to principal, the Senior Distribution Amount for Loan Group 3 to the Class 3-A-1 and Class 3-A-3 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (d) with respect to the Group 4 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below: (i) first, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; and (ii) second, to the Class 4-A-2 and Class 4-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 4, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (e) with respect to the Group 5 and Class C-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 5, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (iiiii) secondthird, to the Class 5-A-2 and Class 5-A-3 Group 1 Certificates, the Senior Principal Distribution Amount for Loan Group 51, in the following order of priority: (A) first, to the Class AR and Class AR-L Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (f) with respect to the Group C-B, Class AR and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5 remaining after giving effect to the distributions pursuant to Section 4.01(A)(a), (b), (c), (d) and (e) above, subject to Sections 4.01(B) and 4.01(C) below, and further subject to any payments to the Group 1, Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06: (i) first, to the Class C-B-1 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (ii) second, to the Class C1-B-1 A-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (iiib) thirdwith respect to the Class 2-A-1 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) below: (i) first, to the Class C2-B-2 A-1 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount for such Class for such Distribution DateAmount; (ivii) fourthsecond, to the Class C2-B-2 A-1 Certificates, an amount allocable to principal equal to its Pro Rata Share the Senior Principal Distribution Amount for such Distribution DateLoan Group 2, until its Class Principal Balance is reduced to zero; (vc) fifth, with respect to the Class C-B-3 Group 3 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (vi) sixth, to the Class C-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (vii) seventh, to the Class C-B-4 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (viii) eighth, to the Class C-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (ix) ninth, to the Class C-B-5 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (x) tenth, to the Class C-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (xi) eleventh, to the Class C-B-6 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xii) twelfth, to the Class C-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (xiii) thirteenth, to the Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates, in that order, up to an amount of Net Realized Losses for such Class, if any; provided, however, that any amounts distributed pursuant to this Section 4.01(A)(f)(xiii) will not cause a further reduction in the Class Principal Balances of any of the Group C-B Certificates; and (xiv) fourteenth, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or after before the related Credit Support Depletion Date, distributions of Date and from the Available Distribution Amount for relating to Loan Group 1 will be made with respect 3, subject to the Group 1 Certificates as followsSection 4.01(B) below: (i) first, concurrently, to the Group 1 3 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 1 Certificates entitled to principal, pro rata based on Class Principal Balances, as principal, the Senior Principal Distribution Amount for Loan Group 1, until their respective Class Principal Balances are reduced to zero; and (iii) third, after any payments to the Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (h) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(h)(i), only the portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 2 Certificates, as principal, the Senior Principal Distribution Amount for Loan Group 2, pro rata based on Class Principal Balances, until their respective Class Principal Balance is reduced to zero; and (iii) third, after any payments to the Group 1, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (i) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 3 will be made with respect to the Group 3, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 3 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(i)(i), only the portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 3 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 3, as principalin the following order of priority (A) first, to the Class 3-A-4 and Class 3-A-7 Certificates, the Group 3 Priority Amount, pro rata based on Class Principal Balances, until their respective Class Principal Balance are reduced to zero; (B) second, to the Class 3-A-10 and Class 3-A-13 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances is are reduced to zero; and; (iiiC) third, after any payments to the Group 1, Group 2, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR3-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (j) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 4 will be made with respect to the Group 4, Class AR A-16 and Class AR3-L Certificates as follows: (i) first, concurrently, to the Group 4 A-19 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 4 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 4, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is are reduced to zero; and; (iiiD) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amountfourth, to the Class AR3-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (k) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will be made with respect to the Group 5, Class C-X, Class AR A-4 and Class AR3-L Certificates as follows: (i) first, concurrently, to the Group 5 and Class C-X A-7 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 5 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 5, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is are reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (B) On each Distribution Date, the amount referred to in clause (i) of the definition of Interest Distribution Amount for such Distribution Date for each Class of Group 1, Group 2, Group 3, Group 4, Group 5, Group C-B, Class A-X and Class C-X Certificates shall be reduced by the Trust Administrator by, the related Class’s pro rata share (based on the amount of the Interest Distribution Amount for each such Class before reduction pursuant to this Section 4.01(B)) of (i) Net Prepayment Interest Shortfalls experienced by the Mortgage Loans in a related Loan Group for such Distribution Date; and (ii) (A) after the related Special Hazard Coverage Termination Date, with respect to each Mortgage Loan in a related Loan Group that became a Special Hazard Mortgage Loan during the prior calendar month, the excess of one month’s interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, (B) after the related Bankruptcy Coverage Termination Date, with respect to each Mortgag

Priorities of Distribution. (A) On each Distribution Date, the Trust Administrator shall determine the amounts to be distributed to each Class of Certificates as follows: (a) with respect to the Group 1 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 1, subject to Section 4.01(B) below: (i) first, to the Class 1-P Certificates, the Class P Principal Distribution Amount for Loan Group 1; (ii) second, concurrently, to the Group 1 Certificates entitled to interest, and Class 1-X Certificates; an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and; (iiiii) secondthird, to the Group 1 Certificates entitled to principalCertificates, the Senior Principal Distribution Amount for Loan Group 1, in the following order of priority;: (A1) first, to the Class AR and Class AR-L Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (B2) second, to the Class 1-A-1A-4 Certificates, the Group 1 Priority Amount, until its Class Principal Balance has been reduced to zero; (3) third, to the Class 1-A-2, Class 1-A-3 A-1 and Class 1-A-6 A-2 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero;; and (4) fourth, to the Class 1-A-4 Certificates, until its Class Principal Balance has been reduced to zero. (b) with respect to the Group 2 and Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) below: (i) first, to the Class 2-P Certificates, the Class P Principal Distribution Amount for Loan Group 2. (ii) second, concurrently, to the Group 2 and Class A2-X Certificates, ; an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided however, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(b)(i), only a portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Amount for any Distribution Date on or before the Class 2-A-2/2-A-5 Accretion Termination Date will instead be distributed in accordance with the Class 2-A-2/2-A-5 Accretion Direction Rule; and; (iiiii) secondthird, to the Group 2 Certificates, the Senior Principal Distribution Amount for Loan Group 2, in the following order of priority;: (A1) first, to the Class 2-A-4A-3 Certificates, the Group 2 Priority Amount, until its Class Principal Balance is has been reduced to zero; (B2) second, to the Class 2-A-1 Certificates, until its Class Principal Balance is reduced to zero; (C) third, to the Class 2-A-3 Certificates, until its Class Principal Balance is reduced to zero; (D) fourth, to the and Class 2-A-2 and Class 2-A-5 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; and (E3) fifththird, to the Class 2-A-4 A-3 Certificates, until its Class Principal Balance is has been reduced to zero;. (c) with respect to the Group 3 and the Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 3, subject to Section 4.01(B) below: (i) first, to the Class 3-P Certificates, the Class P Principal Distribution Amount for Loan Group 3. (ii) second, concurrently, to the Group 3 Certificates and the Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Group 3 Certificates entitled to principal, the Senior Distribution Amount for Loan Group 3 to the Class 3-A-1 and Class 3-A-3 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (d) with respect to the Group 4 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below: (i) first, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; and (ii) second, to the Class 4-A-2 and Class 4-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 4, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (e) with respect to the Group 5 and Class C-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 5, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 5 and Class C-X Certificates, ; an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and; (iiiii) secondthird, to the Class 5-A-2 and Class 5-A-3 Group 3 Certificates, the Senior Principal Distribution Amount for Loan Group 53, in the following order of priority: (1) first, to the Class 3-A-3 Certificates, the Group 3 Priority Amount, until its Class Principal Balance has been reduced to zero; (2) second, to the Class 3-A-1 and Class 3-A-2 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero;; and (f3) third, to the Class 3-A-3 Certificates, until its Class Principal Balance has been reduced to zero. (d) with respect to the Class 1-P, Group CD-B, Class AR and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5 1 remaining after giving effect to the distributions pursuant to Section 4.01(A)(a), (b), (c), (d) and (e) above, subject to Sections 4.01(B) and 4.01(C) below, and further subject to any payments to the Group 1, Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06: (i) first, to the Class C1-P Certificates, first, to the extent of PO Recoveries for Loan Group 1 and second, to the extent of amounts otherwise available to pay the Group D-B Principal Distribution Amount on that Distribution Date, the sum of (x) principal in an amount equal to the applicable Class P Fraction of any loss on a Class P Mortgage Loan in Loan Group 1 incurred in the previous calendar month and (y) the sum of the amounts, if any, by which the amount described in subclause (x) above of this Section 4.01(A)(d)(i) on each prior Distribution Date exceeded the amount actually distributed on those prior Distribution Dates and not subsequently distributed; provided, however, that any amounts distributed pursuant to this 4.01(A)(d)(i) will not cause a further reduction in the Class Principal Balance of the Class 1-P Certificates; (ii) second, to the Class D-B-1 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (iii) third, to the Class D-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date until their Class Principal Balance is reduced to zero; (iv) fourth, to the Class D-B-2 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (v) fifth, to the Class D-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date until their Class Principal Balance is reduced to zero; (vi) sixth, to the Class D-B-3 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (vii) seventh, to the Class D-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date until their Class Principal Balance is reduced to zero; (viii) eighth, to the Class D-B-4 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (ix) ninth, to the Class D-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date until their Class Principal Balance is reduced to zero; (x) tenth, to the Class D-B-5 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xi) eleventh, to the Class D-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date until their Class Principal Balance is reduced to zero; (xii) twelfth, to the Class D-B-6 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xiii) thirteenth, to the Class D-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date until their Class Principal Balance is reduced to zero; (xiv) fourteenth, to the Class D-B-1, Class D-B-2, Class D-B-3, Class D-B-4, Class D-B-5 and Class D-B-6 Certificates, in that order, up to an amount of Net Realized Losses for such Class, if any; provided, however, that any amounts distributed pursuant to this Section 4.01(A)(d)(xiv) will not cause a further reduction in the Class Principal Balances of any of the Group D-B Certificates; and (xv) fifteenth, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC; (e) with respect to the Group C-B, Class 2-P, Class 3-P, Class AR and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to Loan Group 2 and Loan Group 3 remaining after giving effect to the distributions pursuant to Section 4.01(A)(b) and (c) above, subject to Sections 4.01(B) and 4.01(C) below, and further subject to any payments to the Group 2 and Group 3 Certificates pursuant to Section 4.06: (i) first, concurrently, (1) to the Class 2-P Certificates, first, to the extent of PO Recoveries for Loan Group 2 and second, to the extent of amounts otherwise available to pay the Group C-B Principal Distribution Amount on that Distribution Date, the sum of (x) principal in an amount equal to the applicable Class P Fraction of any loss on a Class P Mortgage Loan in Loan Group 2 incurred in the previous calendar month and (y) the sum of the amounts, if any, by which the amount described in subclause (x) above of this Section 4.01(A)(e)(i)(1) on each prior Distribution Date exceeded the amount actually distributed on those prior Distribution Dates and not subsequently distributed; provided, however, that any amounts distributed pursuant to this 4.01(A)(e)(i)(1) will not cause a further reduction in the Class Principal Balance of the Class 2-P Certificates; (2) to the Class 3-P Certificates, first, to the extent of PO Recoveries for Loan Group 3 and second, to the extent of amounts otherwise available to pay the Group C-B Principal Distribution Amount on that Distribution Date, the sum of (x) principal in an amount equal to the applicable Class P Fraction of any loss on a Class P Mortgage Loan in Loan Group 3 incurred in the previous calendar month and (y) the sum of the amounts, if any, by which the amount described in subclause (x) above of this Section 4.01(A)(e)(i)(2) on each prior Distribution Date exceeded the amount actually distributed on those prior Distribution Dates and not subsequently distributed; provided, however, that any amounts distributed pursuant to this 4.01(A)(e)(i)(2) will not cause a further reduction in the Class Principal Balance of the Class 3-P Certificates; (ii) second, to the Class C-B-1 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for each such Class for such Distribution Date; (iii) third, to the Class C-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its their Class Principal Balance is reduced to zero; (iiiiv) thirdfourth, to the Class C-B-2 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (ivv) fourthfifth, to the Class C-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its their Class Principal Balance is reduced to zero; (vvi) fifthsixth, to the Class C-B-3 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (vivii) sixthseventh, to the Class C-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its their Class Principal Balance is reduced to zero; (viiviii) seventheighth, to the Class C-B-4 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (viiiix) eighthninth, to the Class C-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its their Class Principal Balance is reduced to zero; (ixx) ninthtenth, to the Class C-B-5 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xxi) tentheleventh, to the Class C-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its their Class Principal Balance is reduced to zero; (xixii) eleventhtwelfth, to the Class C-B-6 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xiixiii) twelfththirteenth, to the Class C-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its their Class Principal Balance is reduced to zero; (xiiixiv) thirteenthfourteenth, to the Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates, in that order, up to an amount of Net Realized Losses for such Class, if any; provided, however, that any amounts distributed pursuant to this Section 4.01(A)(f)(xiii4.01(A)(e)(xiv) will not cause a further reduction in the Class Principal Balances of any of the Group C-B Certificates; and (xivxv) fourteenthfifteenth, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (f) on or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1, Class 1-X, Class 1-P, Class AR and Class AR-L Certificates as follows: (i) first, to the Class 1-P Certificates, the Class P Distribution Amount for Loan Group 1; (ii) second, concurrently, to the Group 1 Certificates entitled to interest and the Class 1-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (iii) third, to the Group 1 Certificates, pro rata based on Class Principal Balances, the Senior Principal Distribution Amount for Loan Group 1, as principal, until their respective Class Principal Balances are reduced to zero; and (iv) fourth, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 1 2 will be made with respect to the Group 1 2, Class 2-X, Class 2-P, Class AR and Class AR-L Certificates as follows: (i) first, to the Class 2-P Certificates, the Class P Distribution Amount for Loan Group 2; (ii) second, concurrently, to the Group 1 2 Certificates entitled to interestinterest and the Class 2-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (iiiii) secondthird, to the Group 1 Certificates entitled to principal2 Certificates, pro rata based on Class Principal Balances, as principal, the Senior Principal Distribution Amount for Loan Group 12, as principal, until their respective Class Principal Balances are reduced to zero; and (iiiiv) thirdfourth, after any payments to the Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (h) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(h)(i), only the portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 2 Certificates, as principal, the Senior Principal Distribution Amount for Loan Group 2, pro rata based on Class Principal Balances, until their respective Class Principal Balance is reduced to zero; and (iii) third, after any payments to the Group 1, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (i) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 3 will be made with respect to the Group 3, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 3 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(i)(i), only the portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 3 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 3, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (jh) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 4 3 will be made with respect to the Group 43, Class 3-X, Class 3-P, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 4 Class 3-P Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Class P Distribution Amount that would have been distributed in the absence of such shortfallfor Loan Group 3; (ii) second, to the Group 4 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 4, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (k) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will be made with respect to the Group 5, Class C-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 5 3 Certificates entitled to interest and the Class C3-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (iiiii) secondthird, to the Group 5 Certificates entitled to principal3 Certificates, the Senior Principal Distribution Amount for Loan Group 53, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is Balance are reduced to zero; and (iiiiv) thirdfourth, after any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (B) On each Distribution Date, the amount referred to in clause (i) of the definition of Interest Distribution Amount for such Distribution Date for each Class of Group 1, Group 2, Group 3, Group 4, Group 5, Group C-B, Class A-X and Class C-X Certificates shall be reduced by the Trust Administrator by, the related Class’s pro rata share (based on the amount of the Interest Distribution Amount for each such Class before reduction pursuant to this Section 4.01(B)) of (i) Net Prepayment Interest Shortfalls experienced by the Mortgage Loans in a related Loan Group for such Distribution Date; and (ii) (A) after the related Special Hazard Coverage Termination Date, with respect to each Mortgage Loan in a related Loan Group that became a Special Hazard Mortgage Loan during the prior calendar month, the excess of one month’s interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, (B) after the related Bankruptcy Coverage Termination Date, with respect to each Mortgagpa

Priorities of Distribution. (A1) On each Distribution Date, the Trust Administrator Trustee shall determine withdraw the amounts Available Funds for Loan Group 1 from the Distribution Account and apply such funds to be distributed to each Class of Certificates as follows: (a) with respect to distributions on the Group 1 CertificatesSenior Certificates in the following order and priority and, before in each case, to the related Credit Support Depletion Date and from the extent of Available Distribution Amount relating to Loan Group 1, subject to Section 4.01(B) belowFunds remaining: (i) firstconcurrently, to the each interest-bearing Class of Group 1 Certificates entitled to interestSenior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount; , any shortfall being allocated pro rata among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall, provided that the amount otherwise distributable on the related portion of the Class A-X-2 Certificates, up to the amount of the Required Reserve Fund Deposit, shall be deposited in the Carryover Shortfall Reserve Fund to the extent required by Section 4.07; (ii) [reserved]; (iii) concurrently, to the Classes of Group 1 Senior Certificates as follows: (A) [reserved]; and (iiB) second, to the Group 1 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 1, up to the amount of the related Senior Principal Distribution Amount for such Distribution Date will be distributed, sequentially, to the following Classes and Component of Certificates in the following order of priority; (A) : first, sequentially, to the Class AR A-R and Class AR1-L A-1 Certificates, pro rata based on Class Principal Balancesin that order, until their respective Class Principal Certificate Balances are reduced to zero; (B) ; and second, to the Class 1A-A-1, Class 1-A-2, Class 1-A-3 and Class 1-A-6 Certificates, pro rata based on Class Principal BalancesPO-1 Component, until their respective Class its Component Principal Balances are Balance is reduced to zero;. (biv) with respect [reserved]. (2) On each Distribution Date, the Trustee shall withdraw the Available Funds for Loan Group 2 from the Distribution Account and apply such funds to distributions on the Group 2 Senior Certificates in the following order and Class A-X Certificatespriority and, before in each case, to the related Credit Support Depletion Date and from the extent of Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) belowFunds remaining: (i) first, concurrently, to the each interest-bearing Class of Group 2 and Class A-X Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount; , any shortfall being allocated pro rata among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; , provided however, that for the purposes of distributions to amount otherwise distributable on the Class A-X Certificates pursuant to this Section 4.01(A)(b)(i), only a related portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Amount for any Distribution Date on or before the Class 2-A-2/2-A-5 Accretion Termination Date will instead be distributed in accordance with the Class 2-A-2/2-A-5 Accretion Direction Rule; and (ii) second, to the Group 2 X-2 Certificates, the Senior Principal Distribution Amount for Loan Group 2, in the following order of priority; (A) first, to the Class 2-A-4, the Group 2 Priority Amount, until its Class Principal Balance is reduced to zero; (B) second, to the Class 2-A-1 Certificates, until its Class Principal Balance is reduced to zero; (C) third, to the Class 2-A-3 Certificates, until its Class Principal Balance is reduced to zero; (D) fourth, to the Class 2-A-2 and Class 2-A-5 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; and (E) fifth, to the Class 2-A-4 Certificates, until its Class Principal Balance is reduced to zero; (c) with respect to Group 3 and the Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 3, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 3 Certificates and the Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion up to the amount of the Interest Distribution Amount that would have distributed Required Reserve Fund Deposit, shall be deposited in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Group 3 Certificates entitled to principal, the Senior Distribution Amount for Loan Group 3 to the Class 3-A-1 and Class 3-A-3 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (d) with respect to the Group 4 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below: (i) first, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; and (ii) second, to the Class 4-A-2 and Class 4-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 4, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (e) with respect to the Group 5 and Class C-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 5, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to the Class 5-A-2 and Class 5-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 5, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (f) with respect to the Group C-B, Class AR and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5 remaining after giving effect to the distributions pursuant to Section 4.01(A)(a), (b), (c), (d) and (e) above, subject to Sections 4.01(B) and 4.01(C) below, and further subject to any payments to the Group 1, Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06: (i) first, to the Class C-B-1 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (ii) second, to the Class C-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (iii) third, to the Class C-B-2 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (iv) fourth, to the Class C-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (v) fifth, to the Class C-B-3 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (vi) sixth, to the Class C-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (vii) seventh, to the Class C-B-4 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (viii) eighth, to the Class C-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (ix) ninth, to the Class C-B-5 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (x) tenth, to the Class C-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (xi) eleventh, to the Class C-B-6 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xii) twelfth, to the Class C-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (xiii) thirteenth, to the Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates, in that order, up to an amount of Net Realized Losses for such Class, if any; provided, however, that any amounts distributed pursuant to this Section 4.01(A)(f)(xiii) will not cause a further reduction in the Class Principal Balances of any of the Group C-B Certificates; and (xiv) fourteenth, any remaining Available Distribution Amount, to the Class AR-L Certificates (Carryover Shortfall Reserve Fund to the extent that such amount is held required by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC)Section 4.07; (g) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1 Certificates as follows: (i) first, concurrently, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 1 Certificates entitled to principal, pro rata based on Class Principal Balances, as principal, the Senior Principal Distribution Amount for Loan Group 1, until their respective Class Principal Balances are reduced to zero; and (iii) third, after any payments to the Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (h) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(h)(i), only the portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 2 Certificates, as principal, the Senior Principal Distribution Amount for Loan Group 2, pro rata based on Class Principal Balances, until their respective Class Principal Balance is reduced to zero; and (iii) third, after any payments to the Group 1, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (i) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 3 will be made with respect to the Group 3, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 3 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(i)(i), only the portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 3 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 3, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (j) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 4 will be made with respect to the Group 4, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 4 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 4, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (k) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will be made with respect to the Group 5, Class C-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 5 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 5, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (B) On each Distribution Date, the amount referred to in clause (i) of the definition of Interest Distribution Amount for such Distribution Date for each Class of Group 1, Group 2, Group 3, Group 4, Group 5, Group C-B, Class A-X and Class C-X Certificates shall be reduced by the Trust Administrator by, the related Class’s pro rata share (based on the amount of the Interest Distribution Amount for each such Class before reduction pursuant to this Section 4.01(B)) of (i) Net Prepayment Interest Shortfalls experienced by the Mortgage Loans in a related Loan Group for such Distribution Date; and (ii) (A) after the related Special Hazard Coverage Termination Date, with respect to each Mortgage Loan in a related Loan Group that became a Special Hazard Mortgage Loan during the prior calendar month, the excess of one month’s interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, (B) after the related Bankruptcy Coverage Termination Date, with respect to each Mortgag

Priorities of Distribution. (A) On each Distribution Date, with respect to the Group 1 Certificates, the Trust Administrator shall determine the amounts to be distributed to each Class of Certificates as follows: (a) with respect to the Group 1 Class 1-A Certificates and the Residual Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 1, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 1 Class 1-A Certificates entitled to interestand the Residual Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; Amount for such Distribution Date, any shortfall being allocated pro rata among between such Classes in proportion to the amount of based on the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to on each Distribution Date, from the Group 1 Certificates entitled to principal, the Senior Principal Available Distribution Amount for Loan Group 11 remaining after giving effect to the distributions pursuant to Section 4.01(I)(A)(a)(i) above, in the following order of priority;Group 1 Senior Principal Distribution Amount, as principal, sequentially, as follows: (A) first, to the Class AR Certificates and Class AR-L Certificates, pro rata based on their respective Class Principal BalancesBalances immediately prior to such Distribution Date, until their respective Class Principal Balances are have been reduced to zero;; and (B) second, the Group 1 Senior Principal Distribution Amount for that Distribution Date remaining after making the payments specified in clause (A) above, to the Class 1-A-1, Class 1-A-2, Class 1-A-3 1 and Class 1-A-6 A-2-2 Certificates, pro rata based on their respective Class Principal BalancesBalances immediately prior to such Distribution Date, until their respective Class Principal Balances are have been reduced to zero; (b) with respect to the Group 2 and Class A1-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided however, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(b)(i), only a portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Amount for any Distribution Date on or before the Class 2-A-2/2-A-5 Accretion Termination Date will instead be distributed in accordance with the Class 2-A-2/2-A-5 Accretion Direction Rule; and (ii) second, to the Group 2 Certificates, the Senior Principal Distribution Amount for Loan Group 2, in the following order of priority; (A) first, to the Class 2-A-4, the Group 2 Priority Amount, until its Class Principal Balance is reduced to zero; (B) second, to the Class 2-A-1 Certificates, until its Class Principal Balance is reduced to zero; (C) third, to the Class 2-A-3 Certificates, until its Class Principal Balance is reduced to zero; (D) fourth, to the Class 2-A-2 and Class 2-A-5 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; and (E) fifth, to the Class 2-A-4 Certificates, until its Class Principal Balance is reduced to zero; (c) with respect to Group 3 B and the Class A-X Residual Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 3, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 3 Certificates and the Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Group 3 Certificates entitled to principal, the Senior Distribution Amount for Loan Group 3 to the Class 3-A-1 and Class 3-A-3 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (d) with respect to the Group 4 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below: (i) first, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; and (ii) second, to the Class 4-A-2 and Class 4-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 4, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (e) with respect to the Group 5 and Class C-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 5, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to the Class 5-A-2 and Class 5-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 5, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (f) with respect to the Group C-B, Class AR and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5 1 remaining after giving effect to the distributions pursuant to Section 4.01(A)(a), (b), (c), (d) and (eSections 4.01(I)(A)(a) above, subject to Sections 4.01(B) and 4.01(C4.01(I)(C) below, and further subject to any payments to the Group 1, Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06following Classes in the following order of priority: (i) first, to the Class C1-B-1 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (ii) second, to the Class C1-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class 1-B-1 Certificates has been reduced to zero; (iii) third, to the Class C1-B-2 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (iv) fourth, to the Class C1-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class 1-B-2 Certificates has been reduced to zero; (v) fifth, to the Class C1-B-3 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (vi) sixth, to the Class C1-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class 1-B-3 Certificates has been reduced to zero; (vii) seventh, to the Class C1-B-4 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (viii) eighth, to the Class C1-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class 1-B-4 Certificates has been reduced to zero; (ix) ninth, to the Class C1-B-5 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (x) tenth, to the Class C1-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class 1-B-5 Certificates has been reduced to zero; (xi) eleventh, to the Class C1-B-6 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xii) twelfth, to the Class C1-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class 1-B-6 Certificates has been reduced to zero; (xiii) thirteenth, to the Class C1-B-1, Class C1-B-2, Class C1-B-3, Class C1-B-4, Class C1-B-5 and Class C1-B-6 Certificates, in that order, up to an amount of Net Realized Losses for such Class, if any; provided, however, that any amounts distributed distribution pursuant to this Section 4.01(A)(f)(xiii4.01(I)(A)(e)(xiii) will shall not cause result in a further reduction in of the Class Principal Balances Balance of any of the Group CClass 1-B Certificates; and (xiv) fourteenth, any remaining Available Distribution Amount, to the Class AR-L Certificates Certificates, any remaining Available Distribution Amount for Loan Group 1, (to the extent that such amount is held by Subsidiary REMIC 1I), or to the Class AR Certificates (to the extent that such amount is held by Certificates, any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or after the related Credit Support Depletion Date, distributions of the remaining Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1 Certificates as follows: (i) first, concurrently, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 1 Certificates entitled to principal, pro rata based on Class Principal Balances, as principal, the Senior Principal Distribution Amount for Loan Group 1, until their respective Class Principal Balances are reduced to zero; and (iii) third, after any payments to the Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1IV), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (h) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(h)(i), only the portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 2 Certificates, as principal, the Senior Principal Distribution Amount for Loan Group 2, pro rata based on Class Principal Balances, until their respective Class Principal Balance is reduced to zero; and (iii) third, after any payments to the Group 1, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (i) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 3 will be made with respect to the Group 3, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 3 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(i)(i), only the portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 3 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 3, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (j) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 4 will be made with respect to the Group 4, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 4 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 4, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (k) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will be made with respect to the Group 5, Class C-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 5 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 5, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC);. (B) On each Distribution Date, the amount referred to in clause (i) of the definition of Interest Distribution Amount for such Distribution Date for each Class of Group 1, Group 2, Group 3, Group 4, Group 5, Group C-B, Class A-X and Class C-X 1 Certificates shall be reduced by the Trust Administrator by, by the related Class’s 's pro rata share (based on the amount of the Interest Distribution Amount for each such Class before reduction pursuant to this Section 4.01(B4.01(I)(B)) of (i) Net Prepayment Interest Shortfalls experienced by for the Group 1 Mortgage Loans in a related Loan Group for such Distribution Date; Date and (ii) (A) after the related Special Hazard Coverage Termination Date, with respect to each Group 1 Mortgage Loan in a related Loan Group Loan, as applicable, that became a was the subject of Special Hazard Mortgage Loan Loss during the prior calendar month, the excess of one month’s 's interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, (B) after the related Bankruptcy Coverage Termination Date, with respect to each MortgagGroup 1 Mortgage Loan, as applicable, that became subject to a Bankruptcy Loss during the prior calendar month, the interest portion of the related Debt Service Reduction or Deficient Valuation, (C) each Relief Act Reduction for any Group 1 Mortgage Loan, as applicable, incurred during the prior calendar month and (D) after the Fraud Loss Coverage Termination Date, with respect to each Group 1 Mortgage Loan, as applicable, that became a Fraud Loan during the prior calendar month the excess of one month's interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month. (C) With respect to each Class of Class 1-B Certificates, if on any Distribution Date the related Subordination Level of such Class is less than such percentage as of the Closing Date, no distribution of Principal Prepayments will be made to any Class or Classes of Class 1-B Certificates junior to such Class (the "Restricted Classes") and the amount otherwise distributable to the Restricted Classes in respect of such Principal Prepayments will be allocated among the remaining Classes of Class 1-B Certificates, pro rata, based upon their respective Class Principal Balances. (D) The Trust Administrator shall distribute the Mortgage Loan Purchase Price of any Optional Termination of Loan Group 1 in excess of the Par Value to the holder of the Class AR-L Certificate. (II) With respect to the Group 2 Certificates: (a) On each Distribution Date, the Trust Administrator shall distribute the Interest Remittance Amount for such date in the following order of priority: (i) To the Swap Account for payment to the Swap Counterparty, an amount equal to the sum of (1) any Net Swap Payment owed to the Swap Counterparty for the related Swap Payment Date and (2) any Swap Termination Payment owed to the Swap Counterparty not due to a Swap Counterparty Trigger Event (which amount shall include any such Swap Termination Payments remaining unpaid from a prior Swap Payment Date). (ii) to the Group 2 Senior Certificates, pro rata based on amounts due, Current Interest and any Carryforward Interest for such Class and such Distribution Date; (iii) to the Class 2-M-1 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date; (iv) to the Class 2-M-2 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date; (v) to the Class 2-M-3 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date; (vi) to the Class 2-M-4 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date; (vii) to the Class 2-M-5 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date; (viii) to the Class 2-M-6 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date; (ix) to the Class 2-M-7 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date; and (x) for application as part of Monthly Excess Cashflow for such Distribution Date as provided in Section 4.01(II)(d), any Interest Remittance Amount remaining after application pursuant to Section 4.01(II)(a)(i) through (ix) above. (b) On each Distribution Date (A) prior to the Stepdown Date or (B) with respect to which a Trigger Event is in effect, the Trust Administrator shall distribute the Principal Payment Amount for Loan Group 2 for such date in the following order of priority: (i) to the Swap Account for payment to the Swap Counterparty, any unpaid Swap Termination Payment owed to the Swap Counterparty not due to a Swap Counterparty Trigger Event; (ii) to the Group 2 Senior Certificates, pro rata based on their respective Class Principal Balances immediately prior to such Distribution Date, until their respective Class Principal Balances have been reduced to zero; provided, however, that the aggregate amount that would otherwise be allocable to the Class 2-A-2-1 Certificates and Class 2-A-2-2 Certificates on any Distribution Date will instead be distributed sequentially, to the Class 2-A-2-1 Certificates and Class 2-A-2-2 Certificates, in that order, in each case until its Class Principal Balance has been reduced to zero; (iii) to the Class 2-M-1 Certificates, until its Class Principal Balance has been reduced to zero; (iv) to the Class 2-M-2 Certificates, until its Class Principal Balance has been reduced to zero; (v) to the Class 2-M-3 Certificates, until its Class Principal Balance has been reduced to zero; (vi) to the Class 2-M-4 Certificates, until its Class Principal Balance has been reduced to zero; (vii) to the Class 2-M-5 Certificates, until its Class Principal Balance has been reduced to zero; (viii) to the Class 2-M-6 Certificates, until its Class Principal Balance has been reduced to zero; (ix) to the Class 2-M-7 Certificates, until its Class Principal Balance has been reduced to zero; and (x) for application as part of Monthly Excess Cashflow for such Distribution Date, as provided in Section 4.01(II)(d), any Principal Payment Amount remaining after application pursuant to Section 4.01(II)(b)(i) through (ix) above. (c) On each Distribution Date (A) on or after the Stepdown Date and (B) with respect to which a Trigger Event is not in effect, the Trust Administrator shall distribute the Principal Payment Amount for Loan Group 2 for such date in the following order of priority: (i) to the Swap Account for payment to the Swap Counterparty, any unpaid Swap Termination Payment owed to the Swap Counterparty not due to a Swap Counterparty Trigger Event; (ii) to the Group 2 Senior Certificates, pro rata based on their respective Class Principal Balances immediately prior to such Distribution Date, the sum of (1) the Group 2 Senior Principal Payment Amount and (2) the component of the Principal Remittance Amount representing payments, if any, under the Swap Agreement to cover Realized Losses on the Group 2 Mortgage Loans, until their respective Class Principal Balances have been reduced to zero; provided, however, that the aggregate amount that would otherwise be allocable to the Class 2-A-2-1 Certificates and Class 2-A-2-2 Certificates on any Distribution Date will instead be distributed sequentially, to the Class 2-A-2-1 Certificates and Class 2-A-2-2 Certificates, in that order, in each case until its Class Principal Balance has been reduced to zero; (iii) to the Class 2-M-1 Certificates, the Class 2-M-1 Principal Payment Amount for such Distribution Date, until its Class Principal Balance has been reduced to zero; (iv) to the Class 2-M-2 Certificates, the Class 2-M-2 Principal Payment Amount for such Distribution Date, until the Class Principal Balance of such Class has been reduced to zero; (v) to the Class 2-M-3 Certificates, the Class 2-M-3 Principal Payment Amount for such Distribution Date, until the Class Principal Balance of such Class has been reduced to zero; (vi) to the Class 2-M-4 Certificates, the Class 2-M-4 Principal Payment Amount for such Distribution Date, until the Class Principal Balance of such Class has been reduced to zero; (vii) to the Class 2-M-5 Certificates, the Class 2-M-5 Principal Payment Amount for such Distribution Date, until the Class Principal Balance of such Class has been reduced to zero; (viii) to the Class 2-M-6 Certificates, the Class 2-M-6 Principal Payment Amount for such Distribution Date, until the Class Principal Balance of such Class has been reduced to zero; (ix) to the Class 2-M-7 Certificates, the Class 2-M-7 Principal Payment Amount for such Distribution Date, until the Class Principal Balance of such Class has been reduced to zero; and (x) for application as part of Monthly Excess Cashflow for such Distribution Date, as provided in Section 4.01(II)(d), any Principal Payment Amount remaining after application pursuant to Section 4.01(II)(c)(i) through (ix) above. (d) On each Distribution Date, the Trust Administrator shall distribute the Monthly Excess Cashflow for such date in the following order of priority: (i) (A) until the aggregate Class Principal Balance of the LIBOR Certificates equals the Aggregate Loan Group Balance for Loan Group 2 for such Distribution Date minus the Targeted Overcollateralization Amount for such Distribution Date, on each Distribution Date (x) prior to the Stepdown Date or (y) with respect to which a Trigger Event is in effect, to the extent of Monthly Excess Interest for such Distribution Date, to the Group 2 Certificates, in the following order of priority: (1) to the Group 2 Senior Certificates, pro rata based on their respective Class Principal Balances immediately prior to such Distribution Date, until their respective Class Principal Balances have been reduced to zero; provided, however, that the aggregate amount that would otherwise be allocable to the Class 2-A-2-1 Certificates and Class 2-A-2-2 Certificates on any Distribution Date will instead be distributed sequentially, to the Class 2-A-2-1 Certificates and Class 2-A-2-2 Certificates, in that order, in each case until its Class Principal Balance has been reduced to zero; (2) to the Class 2-M-1 Certificates, until its Class Principal Balance has been reduced to zero; (3) to the Class 2-M-2 Certificates, until its Class Principal Balance has been reduced to zero; (4) to the Class 2-M-3 Certificates, until its Class Principal Balance has been reduced to zero; (5) to the Class 2-M-4 Certificates, until its Class Principal Balance has been reduced to zero; (6) to the Class 2-M-5 Certificates, until its Class Principal Balance has been reduced to zero; (7) to the Class 2-M-6 Certificates, until its Class Principal Balance has been reduced to zero; (8) to the Class 2-M-7 Certificates, until its Class Principal Balance has been reduced to zero;

Priorities of Distribution. (A1) On With respect to the Available Funds, on each Distribution Date, the Trust Administrator Trustee shall determine withdraw such Available Funds from the amounts Distribution Account and apply such funds to be distributed to distributions on the specified Classes of Senior Certificates and Components in the following order and priority and, in each Class of Certificates as follows: (a) with respect case, to the Group 1 Certificates, before the related Credit Support Depletion Date and from the extent of Available Distribution Amount relating to Loan Group 1, subject to Section 4.01(B) belowFunds remaining: (i) firstconcurrently, to each interest-bearing Class of Senior Certificates and the Group 1 Certificates entitled to interestClass X IO Component, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount; Amount for such Distribution Date, any shortfall being allocated pro rata among such Classes and Component in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall, provided, however, that the amount of interest otherwise distributable in respect of the Class X IO Component, shall be deposited into the Carryover Reserve Fund and shall be distributed in accordance with Section 4.02(a)(4); and (ii) second, to each Class of Senior Certificates and the Class X PO Component as follows: on each Distribution Date prior to the Group 1 Certificates entitled Senior Credit Support Depletion Date, the related Principal Amount, up to principal, the amount of the Senior Principal Distribution Amount for Loan Group such Distribution Date, will be distributed sequentially, as follows: (1) to the Class A-R Certificates, in the following order of priorityuntil its Class Certificate Balance is reduced to zero; (A2) firstconcurrently, to the each Class AR and of Class AR-L A Certificates, pro rata based on Class Principal BalancesCertificate Balance, until their respective Class Principal Certificate Balances are reduced to zero;; and (B3) secondto the Class X PO Component until its Component Principal Balance is reduced to zero. (2) On each Distribution Date, Available Funds remaining after making the distributions described in Section 4.02(a)(1) above, will be distributed to the Subordinated Certificates and the Class A-R Certificates in the following order and priority and, in each case, to the Class 1-A-1, Class 1-A-2, Class 1-A-3 and Class 1-A-6 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (b) with respect to the Group 2 and Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) belowextent of such funds remaining: (i) first, concurrently, to the Group 2 and Class A-X M Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided however, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(b)(i), only a portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Amount for any Distribution Date on or before the Class 2-A-2/2-A-5 Accretion Termination Date will instead be distributed in accordance with the Class 2-A-2/2-A-5 Accretion Direction Rule; and (ii) second, to the Group 2 Certificates, the Senior Principal Distribution Amount for Loan Group 2, in the following order of priority; (A) first, to the Class 2-A-4, the Group 2 Priority Amount, until its Class Principal Balance is reduced to zero; (B) second, to the Class 2-A-1 Certificates, until its Class Principal Balance is reduced to zero; (C) third, to the Class 2-A-3 Certificates, until its Class Principal Balance is reduced to zero; (D) fourth, to the Class 2-A-2 and Class 2-A-5 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; and (E) fifth, to the Class 2-A-4 Certificates, until its Class Principal Balance is reduced to zero; (c) with respect to Group 3 and the Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 3, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 3 Certificates and the Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Group 3 Certificates entitled to principal, the Senior Distribution Amount for Loan Group 3 to the Class 3-A-1 and Class 3-A-3 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (d) with respect to the Group 4 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below: (i) first, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; and (ii) second, to the Class 4-A-2 and Class 4-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 4, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (e) with respect to the Group 5 and Class C-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 5, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to the Class 5-A-2 and Class 5-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 5, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (f) with respect to the Group C-B, Class AR and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5 remaining after giving effect to the distributions pursuant to Section 4.01(A)(a), (b), (c), (d) and (e) above, subject to Sections 4.01(B) and 4.01(C) below, and further subject to any payments to the Group 1, Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06: (i) first, to the Class C-B-1 Certificates, an amount allocable to interest equal to the Optimal Interest Distribution Amount for such Class for such Distribution Date; (ii) second, to the Class C-M Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date until the Class Certificate Balance thereof is reduced to zero; (iii) to the Class B-1 Certificates, an amount allocable to interest equal to the Class Optimal Interest Distribution Amount for such Class for such Distribution Date; (iv) to the Class B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its the Class Principal Certificate Balance thereof is reduced to zero; (iiiv) third, to the Class C-B-2 Certificates, an amount allocable to interest equal to the Class Optimal Interest Distribution Amount for such Class for such Distribution Date; (ivvi) fourth, to the Class C-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its the Class Principal Certificate Balance thereof is reduced to zero; (vvii) fifth, to the Class C-B-3 Certificates, an amount allocable to interest equal to the Class Optimal Interest Distribution Amount for such Class for such Distribution Date; (viviii) sixth, to the Class C-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its the Class Principal Certificate Balance thereof is reduced to zero; (viiix) seventh, to the Class C-B-4 Certificates, an amount allocable to interest equal to the Class Optimal Interest Distribution Amount for such Class for such Distribution Date; (viiix) eighth, to the Class C-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its the Class Principal Certificate Balance thereof is reduced to zero; (ixxi) ninth, to the Class C-B-5 Certificates, an amount allocable to interest equal to the Class Optimal Interest Distribution Amount for such Class for such Distribution Date; (xxii) tenth, to the Class C-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its Class Principal Balance is reduced to zero; (xi) eleventh, to the Class C-B-6 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xii) twelfth, to the Class C-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Certificate Balance is reduced to zero; (xiii) thirteenth, to the Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates, in that order, up to an amount of Net Realized Losses for such Class, if any; provided, however, that any amounts distributed pursuant to this Section 4.01(A)(f)(xiii) will not cause a further reduction in the Class Principal Balances of any of the Group C-B Certificates; and (xiv) fourteenth, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1 Certificates as follows: (i) first, concurrently, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 1 Certificates entitled to principal, pro rata based on Class Principal Balances, as principal, the Senior Principal Distribution Amount for Loan Group 1, until their respective Class Principal Balances are reduced to zero; and (iii) third, after any payments to the Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (h) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(h)(i), only the portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 2 Certificates, as principal, the Senior Principal Distribution Amount for Loan Group 2, pro rata based on Class Principal Balances, until their respective Class Principal Balance thereof is reduced to zero; and (iiixiii) third, after any payments to the Group 1Class A-R Certificates, Group any remaining funds. (3) On each Distribution Date from and including February 2005 to and including July 2015, Group 4 the Trustee shall withdraw from the Distribution Account and Group 5 Certificates distribute to the Holders of the Class A and Class X Certificates, the applicable Yield Maintenance Payment for such Distribution Date. (4) On each Distribution Date, any amounts deposited in the Carryover Reserve Fund pursuant to Section 4.064.02(a)(1)(i) will be distributed, any remaining Available sequentially, in the following order of priority: (i) concurrently, to each Class of Class A Certificates, pro rata based on each such Class’ entitlement to receive Carryover Shortfall Amounts on such Distribution AmountDate, in an amount up to such Class’ respective Carryover Shortfall Amount for such Distribution Date, as reduced by the amount of such Class’ Yield Maintenance Payment, if any, distributed pursuant to Section 4.02(a)(3) on such Distribution Date; (ii) sequentially, to the Class AR-L M, Class B-1 and Class B-2 Certificates, in that order, in an amount up to their respective Carryover Shortfall Amounts with respect to each such Class of Certificates for that Distribution Date and any Carryover Shortfall Amounts remaining unpaid from prior Distribution Dates; (to the extent that such amount is held by Subsidiary REMIC 1)iii) sequentially, or to the Class AR Certificates (B-3, Class B-4 and Class B-5 Certificates, in that order, in each case up to the extent amount of any Carryover Shortfall Amount with respect to each such Class of Certificates for that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC);Distribution Date; and (iiv) to the Class X IO Component. (b) On each Distribution Date on or after the related Senior Credit Support Depletion Date, distributions of notwithstanding the Available Distribution Amount for Loan Group 3 will be made with respect to the Group 3, Class A-X, Class AR allocation and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 3 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes priorities set forth in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(i)(i4.02(a)(1)(ii), only the portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 3 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 3shall be distributed concurrently, as principal, to the Class A Certificates and the Class X PO Component, pro rata based rata, on Class Principal Balances, until the basis of their respective Class Certificate Balances or Component Principal Balance, as applicable, until the Class Certificate Balances is or Component Principal Balance thereof are reduced to zero; and. (iii) third, after any payments to the Group 1, Group 2, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (j) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 4 will be made with respect to the Group 4, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 4 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 4, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (k) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will be made with respect to the Group 5, Class C-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 5 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 5, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (Bc) On each Distribution Date, the amount referred to in clause (i) of the definition of Class Optimal Interest Distribution Amount for each Class of Certificates or Component thereof for such Distribution Date shall be reduced for each Class or Component of Senior Certificates and each Class of Subordinated Certificates by the related Class’ (i) pro rata share of Net Prepayment Interest Shortfalls based on the related Class Optimal Interest Distribution Amount for such Distribution Date for each Class of Group 1Date, Group 2, Group 3, Group 4, Group 5, Group C-B, Class A-X and Class C-X Certificates shall be reduced by the Trust Administrator by, the related Class’s pro rata share (based on the amount of the Interest Distribution Amount for each without taking into account such Class before reduction pursuant to this Section 4.01(B)) of (i) Net Prepayment Interest Shortfalls experienced by the Mortgage Loans in a related Loan Group for such Distribution Date; and (ii) Allocable Share of (Aa) after the related Special Hazard Coverage Termination Date, with respect to each any Mortgage Loan in a related Loan Group that became a Special Hazard Mortgage Loan during the prior calendar monthmonth preceding the month of such Distribution Date, the excess of one month’s interest at the related Adjusted Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, (Bb) after with respect to any Mortgage Loan that became subject to a Bankruptcy Loss during the calendar month preceding the month of such Distribution Date, the interest portion of the related Bankruptcy Coverage Termination DateDebt Service Reduction or Deficient Valuation, (c) each Relief Act Reduction for the Mortgage Loans incurred during the calendar month preceding the month of such Distribution Date and (d) with respect to each MortgagMortgage Loan that became a Fraud Loan during the calendar month preceding the month of such Distribution Date, the excess of one month’s interest at the related Adjusted Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month. (d) Notwithstanding the priority and allocation contained in Section 4.02(a)(2), if with respect to any Class of Subordinated Certificates on any Distribution Date (other than the Class of Subordinated Certificates then outstanding with the highest priority of distribution) the sum of the related Class Subordination Percentages of such Class and of all Classes of Subordinated Certificates which have a higher numerical Class designation than such Class (the “Applicable Credit Support Percentage”) is less than the Original Applicable Credit Support Percentage for such Class, no distribution of Net Prepayments will be made to any such Classes of Subordinated Certificates (the “Restricted Classes”) and the amount of such Net Prepayments otherwise distributable to the Restricted Classes shall be distributed to any Classes of Subordinated Certificates having lower numerical Class designations than such Class, pro rata, based on their respective Class Certificate Balances immediately prior to such Distribution Date and shall be distributed in the sequential order provided in Section 4.02(a)(2). (e) If Subsequent Recoveries have been received with respect to a Liquidated Mortgage Loan, the amount of such Subsequent Recoveries will be applied sequentially, in the order of payment priority, to increase the Class Certificate Balance or Component Principal Balance of each Class of Certificates or Component to which Realized Losses have been allocated, but in each case by not more than the amount of Realized Losses previously allocated to that Class of Certificates or Component pursuant to Section 4.04; provided, however, that if the Class Certificate Balance of the Class A Certificates has been reduced by the allocation of Realized Losses, the Class Certificate Balances of the Class A-1, Class A-2 and Class A-3 Certificates will be increased by their pro rata share of Subsequent Recoveries distributed as principal to such Classes of Certificates, but not by more than the amount of Realized Losses previously allocated to reduce the Class Certificate Balances of such Classes of Certificates; provided, further, that the pro rata share of Subsequent Recoveries to be distributed to the Class A-3 Certificates shall be distributed first to the Class A-2 Certificates until the Class Certificate Balance of the Class A-2 Certificates has been increased by an amount equal to the amount of Realized Losses previously allocated to the Class A-2 Certificates, and after the Class Certificate Balances of the Class A-1, Class A-2 and Class A-3 Certificates have been increased by the amount of Realized Losses previously allocated to each Class, respectively, the Class Certificate Balance of the Class A-4 Certificates will be increased by the amount of Subsequent Recoveries distributed as principal to the Class A-4 Certificates, but not by more than the amount of Realized Losses previously allocated to reduce the Class Certificate Balance of the Class A-4 Certificates. Holders of such Certificates will not be entitled to any payment in respect of the Class Optimal Interest Distribution Amount on the amount of such increases for any Interest Accrual Period preceding the Distribution Date on which such increase occurs. Any such increases shall be applied pro rata to the Certificate Balance or Component Balance of each Certificate of such Class or Component thereof.

Priorities of Distribution. (Aa) On each Distribution Date, the Trust Administrator shall determine withdraw the amounts related Group Available Funds, (to be distributed the extent on deposit in the Distribution Account) from the Distribution Account and, pursuant to written instruction received from the Master Servicer as set forth in Section 4.04(a), upon which it may conclusively rely, apply such funds, first to distributions in respect of the Subsidiary REMIC Regular Interests, as provided in Section 4.02(h), and then to distributions on the Certificates in the following order and priority and, in each case, to the extent of such Group Available Funds, subject to adjustment in accordance with Sections 4.02(b), 4.02(d) and 4.02(e): (i) With respect to the Certificates, from Available Funds, as follows: first, to each Class of Certificates as follows: (a) with respect to the Group 1 Certificates, before pro rata based on the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 1, subject to Section 4.01(B) below: (i) first, to the Group 1 Certificates entitled to interestAccrued Certificate Interest of each such Class, an amount allocable to interest equal to the related Interest Distribution Amount; Accrued Certificate Interest, provided that any shortfall being shall be allocated pro rata among such Classes in proportion to the amount of the Accrued Certificate Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) and second, to the extent of remaining Available Funds, to the Group 1 Certificates entitled (other than the Class A-3 Certificates) and the Class PO Certificates, concurrently, as follows: (1) to principalthe Class PO Certificates, an amount allocable to principal equal to the PO Principal Distribution Amount, up to the outstanding Class Principal Balance of the Class PO Certificates; and (2) up to the amount of the Senior Optimal Principal Distribution Amount for Loan Group 1, in the following order of priority; (A) firstsuch Distribution Date, to the Group 1 Certificates (other than the Class AR and A-3 Certificates), sequentially, as follows (provided, that, on each Distribution Date on or after the Cross-Over Date, up to the amount of the Senior Optimal Principal Amount for such Distribution Date, will be distributed to each Class AR-L of Group 1 Certificates (other than the Class A-3 Certificates), pro rata based on rata, according to Class Principal Balances, until their respective Class Principal Balances are reduced to zero;; and provided further, that any principal distributed to the Class A-6 Certificates on any Distribution Date pursuant to this clause (2) will be allocated to Component A-6-1 and Component A-6-2, pro rata based on their respective Class Principal Balances immediately prior to such Distribution Date): (Ba) secondfirst, to the Class 1A-A-1, Class 1-A-2, Class 1-A-3 LR and Class 1A-A-6 UR Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (b) with respect to the Group 2 and Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided however, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(b)(i), only a portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Amount for any Distribution Date on or before the Class 2-A-2/2-A-5 Accretion Termination Date will instead be distributed in accordance with the Class 2-A-2/2-A-5 Accretion Direction Rule; and (ii) second, to the Group 2 Certificates, the Senior Principal Distribution Amount for Loan Group 2, in the following order of priority; (A) first, to the Class 2-A-4, the Group 2 Priority Amount, until its Class Principal Balance is reduced to zero; (B) second, to the Class 2-A-1 Certificates, until its Class Principal Balance is reduced to zero; (C) third, to the Class 2-A-3 Certificates, until its Class Principal Balance is reduced to zero; (D) fourth, to the Class 2-A-2 A-5 and Class 2-A-5 CertificatesA-6 certificates, pro rata based on Class the Priority Principal Balances, until their respective Class Principal Balances are reduced to zero; and (E) fifth, to the Class 2-A-4 Certificates, until its Class Principal Balance is reduced to zero; (c) with respect to Group 3 and the Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 3, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 3 Certificates and the Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Group 3 Certificates entitled to principal, the Senior Distribution Amount for Loan Group 3 to the Class 3-A-1 and Class 3-A-3 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (dc) with respect to the Group 4 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below: (i) firstthird, to the Group 4 Class A-2 Certificates, in an amount allocable up to interest equal $1,000 on each Distribution Date, until its Class Principal Balance is reduced to zero; (d) fourth, to the related Interest Class A-1 Certificates, in an amount up to $1,479,000 on each Distribution AmountDate, until its Class Principal Balance is reduced to zero; (e) fifth, the Class A-2 Certificates, until its Class Principal Balance is reduced to zero; (f) sixth, to the Class A-1 Certificates, until its Class Principal Balance is reduced to zero; (g) seventh, to the Class A-4 Certificates, until its Class Principal Balance is reduced to zero; and (iih) secondeighth, to the Class 4-A-2 A-5 and Class 4-A-3 A-6 Certificates, the Senior Principal Distribution Amount for Loan Group 4pro rata, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (e) with respect ; third, only on any Distribution Date on or prior to the Group 5 and Cross-Over Date, to the Class C-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 5, subject to Section 4.01(B) below: PO Certificates (i) first, concurrently, any PO Recoveries for that Distribution Date will reduce the PO Deferred Amount until the PO Deferred Amount has been reduced to the Group 5 zero and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, from the remaining Available Funds, up to the remaining PO Deferred Amount for that Distribution Date; provided, however, that (1) any payments in respect of the PO Deferred Amounts in excess of PO Recoveries shall not exceed the Subordinate Optimal Principal Amount for such Distribution Date and shall be payable from the Subordinate Optimal Principal Amount, first, from the amounts in clause (i) of the definition “Subordinate Optimal Principal Amount,” second, from amounts in clause (ii) of the definition thereof and third, from amounts in clause (iii) of the definition thereof and (2) any distribution to the Class 5-A-2 and Class 5-A-3 Certificates, PO Certificates pursuant to this Section 4.02(a)(i) third shall not reduce the Senior Principal Distribution Amount for Loan Group 5, pro rata based on Class Principal BalancesBalance of such Class; fourth, until their respective Class Principal Balances are reduced to zero; (f) with respect to the Group C-B, Class AR and Class AR-L Certificates, before the related Credit Support Depletion Date, Subordinate Certificates from the remaining Available Distribution Amount relating to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5 remaining after giving effect to the distributions pursuant to Section 4.01(A)(a), (b), (c), (d) and (e) aboveFunds, subject to Sections 4.01(BSection 4.02(b) and 4.01(C) below4.02(d), and further subject to any payments to in the Group 1, Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06following order of priority: (iA) first, to the Class C-B-1 Certificates, an amount allocable to interest equal to the Accrued Certificate Interest Distribution Amount for such Class for such Distribution Date; (iiB) second, to the Class C-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Allocable Share for such Distribution Date, Date until its the Class Principal Balance of such Class is reduced to zero; (iiiC) third, to the Class C-B-2 Certificates, an amount allocable to interest equal to the Accrued Certificate Interest Distribution Amount for such Class for such Distribution Date; (ivD) fourth, to the Class C-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Allocable Share for such Distribution Date, Date until its the Class Principal Balance of such Class is reduced to zero; (vE) fifth, to the Class C-B-3 Certificates, an amount allocable to interest equal to the Accrued Certificate Interest Distribution Amount for such Class for such Distribution Date; (viF) sixth, to the Class C-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Allocable Share for such Distribution Date, Date until its the Class Principal Balance of such Class is reduced to zero; (viiG) seventh, to the Class C-B-4 Certificates, an amount allocable to interest equal to the Accrued Certificate Interest Distribution Amount for such Class for such Distribution Date; (viiiH) eighth, to the Class C-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Allocable Share for such Distribution Date, Date until its the Class Principal Balance of such Class is reduced to zero; (ixI) ninth, to the Class C-B-5 Certificates, an amount allocable to interest equal to the Accrued Certificate Interest Distribution Amount for such Class for such Distribution Date; (xJ) tenth, to the Class C-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Allocable Share for such Distribution Date, Date until its the Class Principal Balance of such Class is reduced to zero; (xiK) eleventh, to the Class C-B-6 Certificates, an amount allocable to interest equal to the Accrued Certificate Interest Distribution Amount for such Class for such Distribution Date; (xiiL) twelfth, to the Class C-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Allocable Share for such Distribution Date, Date until its the Class Principal Balance of such Class is reduced to zero; (xiii) thirteenth; and fifth, to the Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates, in that order, up to an amount of Net Realized Losses for such Class, if any; provided, however, that any amounts distributed pursuant to this Section 4.01(A)(f)(xiii) will not cause a further reduction in the Class Principal Balances of any of the Group C-B Certificates; and (xiv) fourteenth, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1 Certificates as follows: (i) first, concurrently, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 1 Certificates entitled to principal, pro rata based on Class Principal Balances, as principal, the Senior Principal Distribution Amount for Loan Group 1, until their respective Class Principal Balances are reduced to zero; and (iii) third, after any payments to the Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (h) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(h)(i), only the portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 2 Certificates, as principal, the Senior Principal Distribution Amount for Loan Group 2, pro rata based on Class Principal Balances, until their respective Class Principal Balance is reduced to zero; and (iii) third, after any payments to the Group 1, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06LR Certificate, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (i) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 3 will be made with respect to the Group 3, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 3 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed funds in the absence of such shortfall; providedSubsidiary REMIC, that for the purposes of distributions and to the Class A-X Certificates pursuant to this Section 4.01(A)(i)(i)UR Certificate, only the portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; (ii) secondany remaining funds in each remaining REMIC. On any Distribution Date, to the Group 3 extent the Amount Available for Principal is insufficient to make the full distribution required to be made pursuant to clause (i), priority second sub-clause (A) above, (x) the amount distributable on the Class PO Certificates entitled in respect of principal pursuant to principalsuch clause (i), priority second sub-clause (A) above shall be equal to the product of (1) the Amount Available for Principal and (2) a fraction, the Senior numerator of which is the PO Principal Distribution Amount for Loan Group 3, as principal, pro rata based and the denominator of which is the sum of the PO Principal Distribution Amount and the Senior Optimal Principal Amount and (y) the amount distributable on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 4 and Group 5 1 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any in respect of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (j) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 4 will principal shall be made with respect to the Group 4, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest product of (1) the Amount Available for Principal and (2) a fraction, the numerator of which is the Senior Optimal Principal Amount and the denominator of which is the sum of the Senior Optimal Principal Amount and the PO Principal Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall;. (ii) second, to the Group 4 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 4, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (k) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will be made with respect to the Group 5, Class C-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 5 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 5, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (Bb) On each Distribution Date, the amount referred to in clause (i) of the definition of Accrued Certificate Interest Distribution Amount for each Class of Certificates (other than the Class PO Certificates) shall be reduced by (i) the related Class’s pro rata share of Net Prepayment Interest Shortfalls with respect to the Mortgage Loans, based on such Class’ Accrued Certificate Interest for such Distribution Date for each Class of Group 1, Group 2, Group 3, Group 4, Group 5, Group C-B, Class A-X without taking into account such Net Prepayment Interest Shortfalls and Class C-X Certificates shall be reduced by the Trust Administrator by, (ii) the related Class’s pro rata share (based on the amount of the Interest Distribution Amount for each such Class before reduction pursuant to this Section 4.01(B)Class’ pro rata share without taking into account any such reduction) of (i) Net Prepayment Interest Shortfalls experienced by the Mortgage Loans in a related Loan Group for such Distribution Date; and (ii) (A) after the related Special Hazard Coverage Termination Date, Date with respect to each Mortgage Loan in a related Loan Group i, that became a Special Hazard Mortgage Loan during the prior calendar monthmonth preceding the month of such Distribution Date, the excess of one month’s interest at the related Net Mortgage Rate on the Stated Scheduled Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, (B) after the related Bankruptcy Coverage Termination Date, Date with respect to each MortgagMortgage Loan that became subject to a Bankruptcy Loss during the calendar month preceding the month of such Distribution Date, the interest portion of the related Deficient Valuation, (C) each Relief Act Reduction incurred on a Mortgage Loan during the calendar month preceding the month of such Distribution Date and (D) after the Fraud Loss Coverage Termination Date with respect to each Mortgage Loan that became a Fraud Loan during the calendar month preceding the month of such Distribution Date, the excess of one month’s interest at the related Net Mortgage Rate on the Scheduled Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month. For purposes of calculating the reduction in the amount referred to in clause (i) of the definition of Accrued Certificate Interest for each Class of Subordinate Certificates, such reduction shall be based upon the amount of interest accruing at the Required Coupon, based on, on such Class’ proportionate share, based on Class Principal Balance, of the related Group Subordinate Amount for that Distribution Date. (c) [reserved] (d) Notwithstanding the priority and allocation contained in Section 4.02(a)(i) priority fourth, if with respect to any Class of Subordinate Certificates on any Distribution Date, such Class has not satisfied the related Class Prepayment Distribution Trigger, no distribution of amounts pursuant to clauses (ii) and (iii) of the definition of the Subordinate Optimal Principal Amount will be made to any such Classes (the “Restricted Classes”) and the amount of such amounts pursuant to clauses (ii) and (iii) of the definition of the applicable Subordinate Optimal Principal Amount otherwise distributable to the Restricted Classes shall be distributed to any Classes of Subordinate Certificates, which are not Restricted Classes, having lower numerical Class designations than such Class, pro rata based on their respective Class Principal Balances immediately prior to such Distribution Date. The calculation of any amount to be distributed under this Section 4.02(d) shall be made by the Master Servicer. (e) [Reserved]. (f) [Reserved]. (g) On each Distribution Date, all Class P Prepayment Charges remitted to the Trust Fund during the related Prepayment Period shall be distributed by the Trust Administrator to the Holders of the Class P Certificates. (h) On each Distribution Date, Group Available Funds shall be applied to distributions on the Subsidiary and Middle REMIC Regular Interests, as described in the Preliminary Statement, in each case in an amount sufficient to make the distributions to the Master REMIC. (i) In the event that the Mortgage Loans are purchased at the Master Servicer's election pursuant to Section 10.01(a), the Trust Administrator shall remit the amount of any Fair Market Value Excess by wire transfer of immediately available funds to the holders of the Class A-LR Certificates in accordance with the instructions of the holders of the Class A-LR Certificates.

Priorities of Distribution. (Aa) On each Distribution Date, the Trust Administrator Trustee shall determine withdraw the amounts Group 1 Available Funds, the Group 2 Available Funds and the Group 3 Available Funds from the Distribution Account and, pursuant to be distributed instruction received from the Master Servicer as set forth in Section 4.04(a), upon which it may conclusively rely, apply such funds, first to distributions in respect of the Lower-Tier REMIC Regular Interests, as provided in Section 4.02(g), second to distributions in respect of the Middle-Tier REMIC Regular Interests, as provided in Section 4.02(h), and then to distributions on the Certificates in the following order and priority and, in each Class case, to the extent of Certificates as follows:Group 1 Available Funds, Group 2 Available Funds and Group 3 Available Funds, subject to adjustment in accordance with Section 4.02(e): (ai) with With respect to the Group 1 Certificates, before the related Credit Support Depletion Date Class 1-A-X and Class 1-PO Certificates from the Available Distribution Amount relating to Loan Group 1, subject to Section 4.01(B) below: (i) first, to the Group 1 Available Funds; the Group 2 Certificates, the Class 2-A-X and Class 2-PO Certificates entitled from the Group 2 Available Funds and the Group 3 Certificates, the Class 3-A-X and Class 3-PO Certificates from the Group 3 Available Funds; as follows: first, concurrently, (A) to each interest-bearing Class of Group 1 Certificates and the Class 1-A-X Certificates, pro rata, an amount allocable to interest equal to the related Interest Distribution Accrued Certificate Interest; (B) to each interest-bearing Class of Group 2 Certificates and the Class 2-A-X Certificates, pro rata, an amount allocable to interest equal to the related Accrued Certificate Interest, except that prior to the Class 2-A-6 Accretion Termination Date, an amount equal to the amount that would otherwise be distributable in respect of interest (including any shortfalls) to the Class 2-A-6 Certificates pursuant to this provision (the "Class 2-A-6 Accrual Amount") will instead be distributed in reduction of the Class Principal Balances of certain Classes of Senior Certificates in accordance with this Section 4.02(a); and (C) to each interest-bearing Class of Group 3 Certificates and the Class 3-A-X Certificates, pro rata, an amount allocable to interest equal to the related Accrued Certificate Interest; in each case ((A) through (C) of this paragraph), any shortfall being shall be allocated pro rata among such Classes in proportion to the amount of the Accrued Certificate Interest or Premium Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) and second, to the Group 1 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 1, in the following order of priority;concurrently, (A) firstto each Class of Group 1 Certificates and the Class 1-PO Certificates, as follows: (1) to the Class AR and Class AR1-L PO Certificates, pro rata based on an amount allocable to principal equal to the Class 1-PO Principal Distribution Amount, up to the outstanding Class Principal BalancesBalance of the Class 1-PO Certificates; and (2) on each Distribution Date prior to the Cross-Over Date, the Group 1 Non-PO Formula Principal Amount, up to the amount of the Group 1 Optimal Principal Amount for such Distribution Date as follows: (a) to the Class A-R Certificates (in respect of the Class U-R Interest), until their respective the Certificate Principal Balance of such Class Principal Balances are has been reduced to zero;; and (Bb) second, to the Class 1-A-1, Class 1-A-2, Class 1-A-3 A-4 and Class 1-A-6 A-5 Certificates, pro rata based on Class Principal Balancesrata, until their respective the Certificate Principal Balance of each such Class Principal Balances are has been reduced to zero;. (bB) with respect to the each Class of Group 2 Certificates and Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided however, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(b)(i), only a portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Amount for any Distribution Date on or before the Class 2-A-2/2-A-5 Accretion Termination Date will instead be distributed in accordance with the Class 2-A-2/2-A-5 Accretion Direction Rule; andPO Certificates, as follows: (ii1) second, to the Group 2 Certificates, the Senior Principal Distribution Amount for Loan Group 2, in the following order of priority; (A) first, to the Class 2-A-4, the Group 2 Priority Amount, until its Class Principal Balance is reduced to zero; (B) second, to the Class 2-A-1 Certificates, until its Class Principal Balance is reduced to zero; (C) third, to the Class 2-A-3 Certificates, until its Class Principal Balance is reduced to zero; (D) fourth, to the Class 2-A-2 and Class 2-A-5 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; and (E) fifth, to the Class 2-A-4 Certificates, until its Class Principal Balance is reduced to zero; (c) with respect to Group 3 and the Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 3, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 3 Certificates and the Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Group 3 Certificates entitled to principal, the Senior Distribution Amount for Loan Group 3 to the Class 3-A-1 and Class 3-A-3 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (d) with respect to the Group 4 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below: (i) first, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; and (ii) second, to the Class 4-A-2 and Class 4-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 4, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (e) with respect to the Group 5 and Class C-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 5, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to the Class 5-A-2 and Class 5-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 5, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (f) with respect to the Group C-B, Class AR and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5 remaining after giving effect to the distributions pursuant to Section 4.01(A)(a), (b), (c), (d) and (e) above, subject to Sections 4.01(B) and 4.01(C) below, and further subject to any payments to the Group 1, Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06: (i) first, to the Class C-B-1 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (ii) second, to the Class C-B-1 PO Certificates, an amount allocable to principal equal to its Pro Rata Share the Class 2-PO Principal Distribution Amount, up to the outstanding Class Principal Balance of the Class 2-PO Certificates; and (2) on each Distribution Date prior to the Cross-Over Date, the Group 2 Non-PO Formula Principal Amount, up to the amount of the Group 2 Optimal Principal Amount for such Distribution Date, as follows: (a) the Group 2 Priority Principal Distribution Amount to the Class 2-A-13, the Class 2-A-14 and Class 2-A-15 Certificates, pro rata (b) concurrently, as follows: (i) approximately 20.1391522607%, sequentially, as follows: (A) concurrently, as follows: (1) approximately 71.0817087761% to the Class 2-A-9 Certificates, until its Class the Certificate Principal Balance is of such Class has been reduced to zero;; and (iii2) third, approximately 28.9182912239% to the Class C2-B-2 A-10 and Class 2-A-11 Certificates, an amount allocable sequentially, until the Certificate Principal Balance of the Class 2-A-9 Certificates has been reduced to interest equal zero; and (B) to the Interest Distribution Amount for Class 2-A-11 and Class 2-A-12 Certificates, sequentially, until the Certificate Principal Balance of each such class has been reduced to zero; and (ii) approximately 79.8608477393%, sequentially, as follows: (A) to the Class 2-A-1 and Class 2-A-2 Certificates, pro rata until the Certificate Principal Balances of each such Class has been reduced to its Scheduled Class Balance for such Distribution Date; (ivB) fourth, to the Class C2-B-2 A-4 and Class 2-A-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Datesequentially, until its the Certificate Principal Balances of each such Class Principal Balance is has been reduced to zero; (v) fifth, to the their combined Scheduled Class C-B-3 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class Balance for such Distribution Date; (viC) sixth, to the Class C2-B-3 A-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class the Certificate Principal Balance is of such Class has been reduced to zero; (viiD) seventh, to the Class C2-B-4 A-7 and Class 2-A-8 Certificates, an amount allocable to interest equal to pro rata, until the Interest Distribution Amount for Certificate Principal Balance of each such Class for such Distribution Date; (viii) eighth, to the Class C-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is has been reduced to zero; (ixE) ninth, to the Class C2-B-5 A-4 and Class 2-A-5 Certificates, an amount allocable to interest equal to sequentially, until the Interest Distribution Amount for Certificate Principal Balances of each such Class for such Distribution Date; (x) tenth, to the Class C-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is has been reduced to zero; (xiF) eleventh, to the Class C2-B-6 A-1 and Class 2-A-2 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xii) twelfth, to the Class C-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Datepro rata, until its Class Principal Balance is reduced to zero; (xiii) thirteenth, to the Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates, in that order, up to an amount of Net Realized Losses for such Class, if any; provided, however, that any amounts distributed pursuant to this Section 4.01(A)(f)(xiii) will not cause a further reduction in the Class Certificate Principal Balances of any of the Group C-B Certificates; and (xiv) fourteenth, any remaining Available Distribution Amount, to the each such Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1 Certificates as follows: (i) first, concurrently, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have has been distributed in the absence of such shortfall; (ii) second, to the Group 1 Certificates entitled to principal, pro rata based on Class Principal Balances, as principal, the Senior Principal Distribution Amount for Loan Group 1, until their respective Class Principal Balances are reduced to zero; and (iiic) third, after any payments to the Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class AR2-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (h) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2A-13, Class A2-X, Class AR A-14 and Class AR2-L Certificates as follows: (i) first, concurrently, to the Group 2 and Class A-X A-15 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(h)(i), only the portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 2 Certificates, as principal, the Senior Principal Distribution Amount for Loan Group 2, pro rata based on Class Principal Balancesrata, until their respective Class the Certificate Principal Balance is of each such Class has been reduced to zero; and (iii) third, after any payments to the Group 1, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (i) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 3 will be made with respect to the Group 3, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 3 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(i)(i), only the portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 3 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 3, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (j) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 4 will be made with respect to the Group 4, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 4 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 4, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (k) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will be made with respect to the Group 5, Class C-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 5 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 5, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (B) On each Distribution Date, the amount referred to in clause (i) of the definition of Interest Distribution Amount for such Distribution Date for each Class of Group 1, Group 2, Group 3, Group 4, Group 5, Group C-B, Class A-X and Class C-X Certificates shall be reduced by the Trust Administrator by, the related Class’s pro rata share (based on the amount of the Interest Distribution Amount for each such Class before reduction pursuant to this Section 4.01(B)) of (i) Net Prepayment Interest Shortfalls experienced by the Mortgage Loans in a related Loan Group for such Distribution Date; and (ii) (A) after the related Special Hazard Coverage Termination Date, with respect to each Mortgage Loan in a related Loan Group that became a Special Hazard Mortgage Loan during the prior calendar month, the excess of one month’s interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, (B) after the related Bankruptcy Coverage Termination Date, with respect to each Mortgag.

Priorities of Distribution. (A1) On each Distribution Date, the Trust Administrator Trustee shall determine withdraw the amounts Available Funds for Loan Group 1 from the Distribution Account and apply such funds to be distributed to each Class of Certificates as follows: (a) with respect to distributions on the Group 1 CertificatesSenior Certificates in the following order and priority and, before in each case, to the related Credit Support Depletion Date and from the extent of Available Distribution Amount relating to Loan Group 1, subject to Section 4.01(B) belowFunds remaining: (i) first, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to the Group 1 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 1, in the following order of priority; (A) first, to the Class AR and Class AR-L Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (B) second, to the Class 1-A-1, Class 1-A-2, Class 1-A-3 and Class 1-A-6 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (b) with respect to the Group 2 and Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) below: (i) first, concurrently, to the each interest-bearing Class and Component of Group 2 and Class A-X 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount; , any shortfall being allocated pro rata among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided howeverthat prior to the Accrual Termination Date, that for the purposes Accrual Amount shall be distributed as provided in Section 4.02(a)(1)(ii); (ii) [reserved]; (iii) concurrently, to the Classes of distributions Group 1 Senior Certificates as follows: (A) to the Class A-X Certificates pursuant PO-1 Component, the related PO Formula Principal Amount until the Component Balance thereof is reduced to this Section 4.01(A)(b)(i), only a portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Amount for any Distribution Date on or before the Class 2-A-2/2-A-5 Accretion Termination Date will instead be distributed in accordance with the Class 2-A-2/2-A-5 Accretion Direction Rulezero; and (iiB) secondon each Distribution Date, the Non-PO Formula Principal Amount for Loan Group 1 up to the Group 2 Certificates, amount of the related Senior Principal Distribution Amount for Loan Group 2, such Distribution Date shall be distributed in the following order of priority;: (A) first, 1. to the Class 2A-A-4, the Group 2 Priority AmountR Certificates, until its Class Principal Certificate Balance is reduced to zero; 2. in an amount up to $2,085,000 on each Distribution Date, concurrently; (Ba) second94.30%, concurrently, to the Class 21-A-1 CertificatesA-1, until its Class Principal Balance is reduced to zero; (C) third, to the 1-A-2 and Class 21-A-3 Certificates, until its Class Principal Balance is reduced to zero; (D) fourth, to the Class 2-A-2 and Class 2-A-5 Certificates, pro rata based on Class Principal Balancesrata, until their respective Class Principal Certificate Balances are reduced to zero; and (Eb) fifth5.70%, concurrently, to the Class 21-A-4 and Class 1-A-6 Certificates, pro rata; and 3. concurrently, to the Class 1-A-4 and Class 1-A-6 Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero; 4. concurrently, to the Class 1-A-1, Class 1-A-2 and Class 1-A-3 Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero; and 5. to the Class 1-A-8 Certificates until its Class Principal Certificate Balance is reduced to zero; and (iv) to the Class PO-1 Component, any Class PO Deferred Amount, up to an amount not to exceed the amount calculated pursuant to the definition of Subordinated Principal Distribution Amount actually received or advanced for such Distribution Date (with such amount to be allocated first from amounts calculated pursuant to (i) and (ii) and then (iii) of the definition of Subordinated Principal Distribution Amount; (c2) with respect to On each Distribution Date, the Trustee shall withdraw the Available Funds for Loan Group 3 and the Class A-X Certificates, before the related Credit Support Depletion Date and 2 from the Distribution Account and apply such funds to distributions on the Group 2 Senior Certificates in the following order and priority and, in each case, to the extent of Available Distribution Amount relating to Loan Group 3, subject to Section 4.01(B) belowFunds remaining: (i) first, concurrently, to the each interest-bearing Class and Component of Group 3 Certificates and the Class A-X 2 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount; , any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Group 3 Certificates entitled to principal, the Senior Distribution Amount for Loan Group 3 to the Class 3-A-1 and Class 3-A-3 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (d) with respect to the Group 4 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below: (i) first, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; and (ii) second, to the Class 4-A-2 and Class 4-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 4, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (e) with respect to the Group 5 and Class C-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 5, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; andprovided that prior to the Accrual Termination Date, the Accrual Amount shall be distributed as provided in Section 4.02(a)(2)(ii); (ii) second[reserved]; (iii) concurrently, to the Classes of Group 2 Senior Certificates as follows: (A) to the Class 5-A-2 and Class 5-A-3 CertificatesPO-2 Component, the related PO Formula Principal Amount until the Component Balance thereof is reduced to zero; and (B) on each Distribution Date, the Non-PO Formula Principal Amount for Loan Group 2 up to the amount of the related Senior Principal Distribution Amount for Loan Group 5such Distribution Date, concurrently, to the Class 2-A-1 and Class 2-A-2 Certificates, pro rata based on Class Principal Balancesrata, until their respective Class Certificate Balances are reduced to zero; and (iv) to the Class PO-2 Component, any Class PO Deferred Amount, up to an amount not to exceed the amount calculated pursuant to the definition of Subordinated Principal Distribution Amount actually received or advanced for such Distribution Date (with such amount to be allocated first from amounts calculated pursuant to (i) and (ii) and then (iii) of the definition of Subordinated Principal Distribution Amount; (3) On each Distribution Date, the Trustee shall withdraw the Available Funds for Loan Group 3 from the Distribution Account and apply such funds to distributions on the Group 3 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds remaining: (i) concurrently, to each interest-bearing Class and Component of Group 3 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided that prior to the Accrual Termination Date, the Accrual Amount shall be distributed as provided in Section 4.02(a)(2)(ii); (ii) [reserved]; (iii) concurrently, to the Classes of Group 3 Senior Certificates as follows: (A) to the Class PO-3 Component, the related PO Formula Principal Amount until the Component Balance thereof is reduced to zero; and (B) on each Distribution Date, the Non-PO Formula Principal Amount for Loan Group 3 up to the amount of the related Senior Principal Distribution Amount for such Distribution Date shall be distributed in the following order of priority: 1. the lesser of (x) 95.00% of such amount and (y) the Priority Amount, concurrently, to the Class 3-A-4 and Class 3-A-5 Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero; 2. in an amount up to $489,000 on each Distribution Date, concurrently; (a) 99.50%, to the Class 3-A-2 Certificates until its Class Certificate Balance is reduced to zero; and (b) 0.50%, to the Class 3-A-1 Certificates; 3. sequentially, to the Class 3-A-1 and Class 3-A-2 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; 4. to the Class 3-A-3 Certificates until its Class Certificate Balance is reduced to zero; and 5. concurrently, to the Class 3-A-4 and Class 3-A-5 Certificates, pro rata, without regard to the Priority Amount, until their respective Class Certificate Balances are reduced to zero; (fiv) to the Class PO-3 Component, any Class PO Deferred Amount, up to an amount not to exceed the amount calculated pursuant to the definition of Subordinated Principal Distribution Amount actually received or advanced for such Distribution Date (with respect such amount to be allocated first from amounts calculated pursuant to (i) and (ii) and then (iii) of the definition of Subordinated Principal Distribution Amount; (4) On each Distribution Date, after making the distributions described in Section 4.02(a)(2) and Section 4.02(a)(3), Available Funds remaining from each Loan Group in Aggregate Loan Group II will be distributed to the Group C-B, Class AR and Class AR-L Certificates, before II Senior Certificates to the related Credit Support Depletion extent provided in Section 4.03. (5) On each Distribution Date, Available Funds from the Available Distribution Amount relating to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5 1 remaining after giving effect making the distributions described in Section 4.02(a)(1) will be distributed to the distributions pursuant to Section 4.01(A)(a), (b), (c), (d) and (e) aboveGroup I Subordinated Certificates, subject to Sections 4.01(B) and 4.01(Cparagraph 4.02(e) below, and further subject to any payments to in the Group 1, Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06following order of priority: (iA) first, to the Class CI-B-1 Certificates, an amount allocable to interest equal to the Class Optimal Interest Distribution Amount for such Class for such Distribution Date; (iiB) second, to the Class CI-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its the Class Principal Certificate Balance thereof is reduced to zero; (iiiC) third, to the Class CI-B-2 Certificates, an amount allocable to interest equal to the Class Optimal Interest Distribution Amount for such Class for such Distribution Date; (ivD) fourth, to the Class CI-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its the Class Principal Certificate Balance thereof is reduced to zero; (vE) fifth, to the Class CI-B-3 Certificates, an amount allocable to interest equal to the Class Optimal Interest Distribution Amount for such Class for such Distribution Date; (viF) sixth, to the Class CI-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its the Class Principal Certificate Balance thereof is reduced to zero; (viiG) seventh, to the Class CI-B-4 Certificates, an amount allocable to interest equal to the Class Optimal Interest Distribution Amount for such Class for such Distribution Date; (viiiH) eighth, to the Class CI-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its the Class Principal Certificate Balance thereof is reduced to zero; (ixI) ninth, to the Class CI-B-5 Certificates, an amount allocable to interest equal to the Class Optimal Interest Distribution Amount for such Class for such Distribution Date; (xJ) tenth, to the Class CI-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its the Class Principal Certificate Balance thereof is reduced to zero; (xiK) eleventh, to the Class CI-B-6 Certificates, an amount allocable to interest equal to the Class Optimal Interest Distribution Amount for such Class for such Distribution Date;; and (xiiL) twelfth, to the Class CI-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its the Class Principal Certificate Balance thereof is reduced to zero; (xiii) thirteenth, to the Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates, in that order, up to an amount of Net Realized Losses for such Class, if any; provided, however, that any amounts distributed pursuant to this Section 4.01(A)(f)(xiii) will not cause a further reduction in the Class Principal Balances of any of the Group C-B Certificates; and (xiv) fourteenth, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1 Certificates as follows: (i) first, concurrently, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 1 Certificates entitled to principal, pro rata based on Class Principal Balances, as principal, the Senior Principal Distribution Amount for Loan Group 1, until their respective Class Principal Balances are reduced to zero; and (iii) third, after any payments to the Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (h) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(h)(i), only the portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 2 Certificates, as principal, the Senior Principal Distribution Amount for Loan Group 2, pro rata based on Class Principal Balances, until their respective Class Principal Balance is reduced to zero; and (iii) third, after any payments to the Group 1, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (i) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 3 will be made with respect to the Group 3, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 3 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(i)(i), only the portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 3 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 3, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (j) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 4 will be made with respect to the Group 4, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 4 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 4, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (k) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will be made with respect to the Group 5, Class C-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 5 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 5, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (B6) On each Distribution Date, the amount referred to in clause (i) of the definition of Interest Distribution Amount for such Distribution Date for each Class of Group 1, Group 2, Group 3, Group 4, Group 5, Group C-B, Class A-X and Class C-X Certificates shall be reduced by the Trust Administrator by, the related Class’s pro rata share (based on the amount of the Interest Distribution Amount for each such Class before reduction pursuant to this Section 4.01(B)) of (i) Net Prepayment Interest Shortfalls experienced by the Mortgage Loans in a related Available Funds from Aggregate Loan Group for such Distribution Date; II remaining after making the distributions described in Section 4.02(a)(2), Section 4.02(a)(3) and (iiSection 4.02(a)(4) (Awill be distributed to the Group II Subordinated Certificates, subject to paragraph 4.02(e) after below, in the related Special Hazard Coverage Termination Date, with respect to each Mortgage Loan in a related Loan Group that became a Special Hazard Mortgage Loan during the prior calendar month, the excess following order of one month’s interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, (B) after the related Bankruptcy Coverage Termination Date, with respect to each Mortgagpriority:

Priorities of Distribution. (Aa) On each Distribution Date, the Trust Administrator shall determine withdraw the amounts related Group Available Funds, (to be distributed the extent on deposit in the Distribution Account) from the Distribution Account and, pursuant to written instruction received from the Master Servicer as set forth in Section 4.04(a), upon which it may conclusively rely, apply such funds, first to distributions in respect of the Subsidiary and Middle REMIC Regular Interests, as provided in Section 4.02(h), and then to distributions on the Certificates in the following order and priority and, in each Class case, to the extent of Certificates as follows:such Group Available Funds, subject to adjustment in accordance with Sections 4.02(b), 4.02(d) and 4.02(e): (ai) with With respect to the Group 1 Certificates, before the related Credit Support Depletion Date and from the Group 1 Available Distribution Amount relating to Loan Group 1, subject to Section 4.01(B) below: (i) first, Funds; with respect to the Group 2 Certificates, from the Group 2 Available Funds; with respect to the Class PO Certificates, from the Group 1 Certificates entitled Available Funds; with respect to interestthe Class A-X Certificates, from the Group 2 Available Funds; and with respect to the Subordinate Certificates, from the Group 1 Available Funds and Group 2 Available Funds, as follows: first, concurrently, (A) concurrently, to each Class of Group 1 Certificates, pro rata based on the Accrued Certificate Interest of each such Class, an amount allocable to interest equal to the related Accrued Certificate Interest; provided, that prior to the Class 1-A-3 Accretion Termination Date, an amount equal to the amount that would otherwise be distributable in respect of Accrued Certificate Interest Distribution to the Class 1-A-3 Certificates pursuant to this provision (the “Class 1-A-3 Accrual Amount”) will instead be distributed as principal in accordance with Section 4.02(c); and (B) to each Class of Group 2 Certificates and the Class A-X Certificates, pro rata based on the Accrued Certificate Interest of each such Class, an amount allocable to interest equal to the related Accrued Certificate Interest; in each case ((A) and (B) of this paragraph), any shortfall being shall be allocated pro rata among such Classes described in the related paragraph in proportion to the amount of the Accrued Certificate Interest Distribution Amount that would have been distributed in the absence of such shortfall; andand second, concurrently, (iiA) secondto the extent of remaining Group 1 Available Funds, to the Group 1 Certificates entitled and the Class PO Certificates, concurrently, as follows: (1) up to principal, the amount of the Senior Optimal Principal Distribution Amount for Loan Collateral Group 1, in the following order of priority; (A) first1 for such Distribution Date, to the Group 1 Certificates, sequentially, as follows (provided, that, on each Distribution Date on or after the Cross-Over Date, up to the amount of the Senior Optimal Principal Amount for Collateral Group 1 for such Distribution Date, will be distributed to each Class AR and Class AR-L of Group 1 Certificates, pro rata based on rata, according to Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (B) second; and provided further, that any principal distributed to the Class 1-A-1, Class A-5 Certificates on any Distribution Date pursuant to this clause (2) will be allocated to Component 1-A-2A-5-1, Class Component 1-A-3 A-5-2, Component 1-A-5-3 and Component 1-A-5-4, pro rata based on their respective Class Principal Balances immediately prior to such Distribution Date): (a) first, to the Class A-LR and Class 1A-A-6 UR Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (b) with respect to the Group 2 and Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided however, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(b)(i), only a portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Amount for any Distribution Date on or before the Class 2-A-2/2-A-5 Accretion Termination Date will instead be distributed in accordance with the Class 2-A-2/2-A-5 Accretion Direction Rule; and (ii) second, to the Group 2 Class 1-A-4 and Class 1-A-5 Certificates, the Senior Group 1 Priority Principal Distribution Amount for Loan Group 2Amount, in the following order of prioritypro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (Ac) firstthird, to the Class 21-A-4A-1 Certificates, in an amount on each Distribution Date up to the Group 2 Priority Amountexcess, if any, of (a) $1,000 over (b) any amounts distributed to the Class 1-A-1 Certificates on such Distribution Date pursuant to section 4.02(c)(i) below, until its Class Principal Balance is reduced to zero; (Bd) secondfourth, to the Class 21-A-2 Certificates, in an amount on each Distribution Date up to the excess, if any, of (a) $798,000 over (b) any amounts distributed to the Class 1-A-2 Certificates on such Distribution Date pursuant to section 4.02(c)(ii) below, until its Class Principal Balance is reduced to zero; (e) fifth, to the Class 1-A-1 Certificates, until its Class Principal Balance is reduced to zero; (Cf) thirdsixth, to the Class 21-A-3 A-2 Certificates, until its Class Principal Balance is reduced to zero; (Dg) fourthseventh, to the Class 21-A-2 A-3 Certificates, until its Class Principal Balance is reduced to zero; and (h) eighth, concurrently, to the Class 1-A-4 and Class 21-A-5 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; and (E) fifth, to the Class 2-A-4 Certificates, until its Class Principal Balance is reduced to zero; (c) with respect to Group 3 and the Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 3, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 3 Certificates and the Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Group 3 Certificates entitled to principal, the Senior Distribution Amount for Loan Group 3 to the Class 3-A-1 and Class 3-A-3 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (d) with respect to the Group 4 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below: (i) first, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; and (ii) second, to the Class 4-A-2 and Class 4-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 4, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (e) with respect to the Group 5 and Class C-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 5, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to the Class 5-A-2 and Class 5-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 5, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (f) with respect to the Group C-B, Class AR and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5 remaining after giving effect to the distributions pursuant to Section 4.01(A)(a), (b), (c), (d) and (e) above, subject to Sections 4.01(B) and 4.01(C) below, and further subject to any payments to the Group 1, Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06: (i) first, to the Class C-B-1 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (ii) second, to the Class C-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (iii) third, to the Class C-B-2 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (iv) fourth, to the Class C-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (v) fifth, to the Class C-B-3 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (vi) sixth, to the Class C-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (vii) seventh, to the Class C-B-4 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (viii) eighth, to the Class C-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (ix) ninth, to the Class C-B-5 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (x) tenth, to the Class C-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (xi) eleventh, to the Class C-B-6 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xii) twelfth, to the Class C-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (xiii) thirteenth, to the Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates, in that order, up to an amount of Net Realized Losses for such Class, if any; provided, however, that any amounts distributed pursuant to this Section 4.01(A)(f)(xiii) will not cause a further reduction in the Class Principal Balances of any of the Group C-B Certificates; and (xiv) fourteenth, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1 Certificates as follows: (i) first, concurrently, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 1 Certificates entitled to principal, pro rata based on Class Principal Balances, as principal, the Senior Principal Distribution Amount for Loan Group 1, until their respective Class Principal Balances are reduced to zero; and (iii) third, after any payments to the Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (h) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(h)(i), only the portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 2 Certificates, as principal, the Senior Principal Distribution Amount for Loan Group 2, pro rata based on Class Principal Balances, until their respective Class Principal Balance is reduced to zero; and (iii) third, after any payments to the Group 1, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (i) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 3 will be made with respect to the Group 3, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 3 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(i)(i), only the portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 3 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 3, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (j) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 4 will be made with respect to the Group 4, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 4 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 4, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (k) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will be made with respect to the Group 5, Class C-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 5 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 5, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (B) On each Distribution Date, the amount referred to in clause (i) of the definition of Interest Distribution Amount for such Distribution Date for each Class of Group 1, Group 2, Group 3, Group 4, Group 5, Group C-B, Class A-X and Class C-X Certificates shall be reduced by the Trust Administrator by, the related Class’s pro rata share (based on the amount of the Interest Distribution Amount for each such Class before reduction pursuant to this Section 4.01(B)) of (i) Net Prepayment Interest Shortfalls experienced by the Mortgage Loans in a related Loan Group for such Distribution Date; and (ii) (A) after the related Special Hazard Coverage Termination Date, with respect to each Mortgage Loan in a related Loan Group that became a Special Hazard Mortgage Loan during the prior calendar month, the excess of one month’s interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, (B) after the related Bankruptcy Coverage Termination Date, with respect to each Mortgag

Priorities of Distribution. (A1) On each Distribution Date, the Trust Administrator Trustee shall determine withdraw the amounts Available Funds for Collateral Allocation Group 1 from the Distribution Account and apply such funds to be distributed to each Class of Certificates as follows: (a) with respect to distributions on the Group 1 CertificatesSenior Certificates in the following order and priority and, before in each case, to the related Credit Support Depletion Date and from the extent of Available Distribution Amount relating to Loan Group 1, subject to Section 4.01(B) belowFunds remaining: (i) first, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to the Group 1 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 1, in the following order of priority; (A) first, to the Class AR and Class AR-L Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (B) second, to the Class 1-A-1, Class 1-A-2, Class 1-A-3 and Class 1-A-6 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (b) with respect to the Group 2 and Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) below: (i) first, concurrently, to the each interest-bearing Class of Group 2 and Class A-X 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount; , any shortfall being allocated pro rata among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided howeverthat prior to the Accrual Termination Date, that for the purposes Accrual Amount shall be distributed as provided in Section 4.02(a)(1)(ii); (ii) [reserved]; (iii) concurrently, to the Classes of distributions Group 1 Senior Certificates as follows: (A) to the Class A-X PO Certificates pursuant the related PO Formula Principal Amount until its Class Certificate Balance is reduced to this Section 4.01(A)(b)(i), only a portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Amount for any Distribution Date on or before the Class 2-A-2/2-A-5 Accretion Termination Date will instead be distributed in accordance with the Class 2-A-2/2-A-5 Accretion Direction Rulezero; and (iiB) secondon each Distribution Date, the Non-PO Formula Principal Amount up to the Group 2 Certificates, amount of the related Senior Principal Distribution Amount for Loan Collateral Allocation Group 2, 1 for such Distribution Date will be distributed in the following order of priority;: (A) first, 1. to the Class 2A-A-4, the Group 2 Priority AmountR Certificates, until its Class Principal Certificate Balance is reduced to zero; (B) second2. concurrently, to the Class 21-A-1 and Class 1-A-4 Certificates, pro rata, the Group 1 Priority Amount, until its their respective Class Principal Balance is Certificate Balances are reduced to zero; (C) third3. sequentially, to the Class 21-A-2 and Class 1-A-3 Certificates, until its Class Principal Balance is reduced to zero; (D) fourth, to the Class 2-A-2 and Class 2-A-5 Certificates, pro rata based on Class Principal Balancesin that order, until their respective Class Principal Balances Certificate Balance are reduced to zero; and (E) fifth4. concurrently, to the Class 21-A-1 and Class 1-A-4 Certificates, pro rata, without regard to the Group 1 Priority Amount, until its their respective Class Principal Balance is Certificate Balances are reduced to zero; (civ) with respect to Group 3 and the Class A-X PO Certificates, before any related Class PO Deferred Amount, up to an amount not to exceed the related Credit Support Depletion amount calculated pursuant to the definition of Subordinated Principal Distribution Amount for Collateral Allocation Group 1 actually received or advanced for such Distribution Date (with such amount to be allocated first from amounts calculated pursuant to (i) and (ii) and then (iii) of the definition of Subordinated Principal Distribution Amount for Collateral Allocation Group 1; (2) On each Distribution Date, the Trustee shall withdraw the Available Funds for Collateral Allocation Group 2 from the Distribution Account and apply such funds to distributions on the Group 2 Senior Certificates in the following order and priority and, in each case, to the extent of related Available Distribution Amount relating to Loan Group 3, subject to Section 4.01(B) belowFunds remaining: (i) first, concurrently, to the each interest-bearing Class of Group 3 Certificates and the Class A-X 2 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount; , any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Group 3 Certificates entitled to principal, the Senior Distribution Amount for Loan Group 3 to the Class 3-A-1 and Class 3-A-3 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (d) with respect to the Group 4 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below: (i) first, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; and (ii) second, to the Class 4-A-2 and Class 4-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 4, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (e) with respect to the Group 5 and Class C-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 5, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, provided that prior to the Class 5-A-2 and Class 5-A-3 CertificatesAccrual Termination Date, the Senior Principal Distribution Accrual Amount for Loan Group 5, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (f) with respect to the Group C-B, Class AR and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5 remaining after giving effect to the distributions pursuant to shall be distributed as provided in Section 4.01(A)(a4.02(a)(2)(ii), (b), (c), (d) and (e) above, subject to Sections 4.01(B) and 4.01(C) below, and further subject to any payments to the Group 1, Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06: (i) first, to the Class C-B-1 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (ii) second, to the Class C-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero[reserved]; (iii) thirdconcurrently, to the Class C-B-2 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (iv) fourth, to the Class C-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (v) fifth, to the Class C-B-3 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (vi) sixth, to the Class C-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (vii) seventh, to the Class C-B-4 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (viii) eighth, to the Class C-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (ix) ninth, to the Class C-B-5 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (x) tenth, to the Class C-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (xi) eleventh, to the Class C-B-6 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xii) twelfth, to the Class C-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (xiii) thirteenth, to the Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates, in that order, up to an amount Classes of Net Realized Losses for such Class, if any; provided, however, that any amounts distributed pursuant to this Section 4.01(A)(f)(xiii) will not cause a further reduction in the Class Principal Balances of any of the Group C-B Certificates; and (xiv) fourteenth, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1 Senior Certificates as follows: (iA) first[reserved]; and (B) on each Distribution Date, concurrentlythe Principal Amount, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion up to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 1 Certificates entitled to principal, pro rata based on Class Principal Balances, as principal, the related Senior Principal Distribution Amount for Loan Group 1, until their respective Class Principal Balances are reduced to zero; and (iii) third, after any payments to the Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (h) On or after the related Credit Support Depletion Distribution Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2, Class A-X, Class AR and Class AR-L Certificates distributed as follows: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(h)(i), only the portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 2 Certificates, as principal, the Senior Principal Distribution Amount for Loan Group 2, pro rata based on Class Principal Balances, until their respective Class Principal Balance is reduced to zero; and (iii) third, after any payments to the Group 1, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (i) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 3 will be made with respect to the Group 3, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 3 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(i)(i), only the portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 3 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 3, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (j) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 4 will be made with respect to the Group 4, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 4 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 4, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (k) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will be made with respect to the Group 5, Class C-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 5 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 5, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (B) On each Distribution Date, the amount referred to in clause (i) of the definition of Interest Distribution Amount for such Distribution Date for each Class of Group 1, Group 2, Group 3, Group 4, Group 5, Group C-B, Class A-X and Class C-X Certificates shall be reduced by the Trust Administrator by, the related Class’s pro rata share (based on the amount of the Interest Distribution Amount for each such Class before reduction pursuant to this Section 4.01(B)) of (i) Net Prepayment Interest Shortfalls experienced by the Mortgage Loans in a related Loan Group for such Distribution Date; and (ii) (A) after the related Special Hazard Coverage Termination Date, with respect to each Mortgage Loan in a related Loan Group that became a Special Hazard Mortgage Loan during the prior calendar month, the excess of one month’s interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, (B) after the related Bankruptcy Coverage Termination Date, with respect to each Mortgag

Priorities of Distribution. (A) On each Distribution Date, with respect to the Group I and Group II and Group C-B Certificates, the Trust Administrator shall determine the amounts to be distributed to each Class of Certificates as follows: (a) with respect to the Group 1 I Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 1, subject to Section 4.01(B) belowI: (i) first, subject to Section 4.01(I)(B) below, concurrently, to the Group 1 I Certificates entitled to interestand the Interest Remittance Amount, an amount allocable to interest equal to the related Interest Distribution Amount; , or, in the case of the Interest Remittance Amount, the Group I Excess Interest Amount for such Distribution Date, any shortfall being allocated pro rata among such Classes and the Interest Remittance Amount in proportion to the amount of the Interest Distribution Amount or Group I Excess Interest Amount, as applicable, that would have been distributed in the absence of such shortfall; and (ii) second, to on each Distribution Date, from the Group 1 Certificates entitled to principal, the Senior Principal Available Distribution Amount for Loan Group 1I remaining after giving effect to the distributions pursuant to Section 4.01(I)(A)(a)(i) above to the Group I Certificates, the Group I Senior Principal Distribution Amount, in the following order of priority;: (A) first, to the Class AR and Class AR-L Certificates, pro rata based on until its Class Principal Balances, until their respective Class Principal Balances are Balance has been reduced to zero;; and (B) second, to the Class 1I-A-1, Class 1-A-2, Class 1-A-3 A-1 and Class 1I-A-6 A-2 Certificates, pro rata based on Class Principal BalancesBalance, until their respective Class class Principal Balances are have been reduced to zero;. (b) with respect to the Group 2 and Class A-X II Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) belowII: (i) first, subject to Section 4.01(I)(B) below, concurrently, to the Group 2 II Certificates and Class A-X Certificatesthe Interest Remittance Amount, an amount allocable to interest equal to the related Interest Distribution Amount; , or, in the case of the Interest Remittance Amount, the Group II Excess Interest Amount for such Distribution Date, any shortfall being allocated pro rata among such Classes and the Interest Remittance Amount in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided however, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(b)(i), only a portion of the Class A-X Notional Amount derived from the or Group 2 Mortgage Loans will be used to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Amount for any Distribution Date on or before the Class 2-A-2/2-A-5 Accretion Termination Date will instead be distributed in accordance with the Class 2-A-2/2-A-5 Accretion Direction Rule; and (ii) second, to the Group 2 Certificates, the Senior Principal Distribution Amount for Loan Group 2, in the following order of priority; (A) first, to the Class 2-A-4, the Group 2 Priority II Excess Interest Amount, until its Class Principal Balance is reduced to zero; (B) secondas applicable, to the Class 2-A-1 Certificates, until its Class Principal Balance is reduced to zero; (C) third, to the Class 2-A-3 Certificates, until its Class Principal Balance is reduced to zero; (D) fourth, to the Class 2-A-2 and Class 2-A-5 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; and (E) fifth, to the Class 2-A-4 Certificates, until its Class Principal Balance is reduced to zero; (c) with respect to Group 3 and the Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 3, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 3 Certificates and the Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Group 3 Certificates entitled to principal, the Senior Distribution Amount for Loan Group 3 to the Class 3-A-1 and Class 3-A-3 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (d) with respect to the Group 4 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below: (i) first, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; and (ii) second, to the Class 4-A-2 and Class 4-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 4, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (e) with respect to the Group 5 and Class C-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 5, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to on each Distribution Date, from the Class 5-A-2 and Class 5-A-3 Certificates, the Senior Principal Available Distribution Amount for Loan Group 5II remaining after giving effect to the distributions pursuant to Section 4.01(I)(A)(b)(i) above, to the Class II-A-1, Class II-A-2 and Class II-A-3 Certificates, pro rata based on Class Principal Balances, the Group II Senior Principal Distribution Amount, until their respective Class Principal Balances are have been reduced to zero;. (fc) with respect to the Group C-B, B and Class AR and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 I and Loan Group 5 II remaining after giving effect to the distributions pursuant to Section 4.01(A)(a), (b), (c), (dSections 4.01(I)(A)(a) and (eb) above, subject to Sections 4.01(B4.01(I)(B) and 4.01(C(C) below, and further subject to any payments to the Group 1, Group 2, Group 3, Group 4 I and Group 5 II Certificates pursuant as described in Section 4.07, to Section 4.06the following Classes in the following order of priority: (i) first, to the Class C-B-1 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (ii) second, to the Class C-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-1 Certificates has been reduced to zero; (iii) third, to the Class C-B-2 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (iv) fourth, to the Class C-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-2 Certificates has been reduced to zero; (v) fifth, to the Class C-B-3 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (vi) sixth, to the Class C-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-3 Certificates has been reduced to zero; (vii) seventh, to the Class C-B-4 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (viii) eighth, to the Class C-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-4 Certificates has been reduced to zero; (ix) ninth, to the Class C-B-5 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (x) tenth, to the Class C-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-5 Certificates has been reduced to zero; (xi) eleventh, to the Class C-B-6 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xii) twelfth, to the Class C-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-6 Certificates has been reduced to zero; (xiii) thirteenth, to the Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates, in that order, up to an amount of Net unreimbursed Realized Losses for such previously allocated to that Class, if any; provided, however, that any amounts distributed distribution pursuant to this Section 4.01(A)(f)(xiii4.01(I)(A)(e)(xiii) will shall not cause result in a further reduction in of the Class Principal Balances Balance of any of the Group C-B Certificates; and (xiv) fourteenth, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by Certificates, any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or after the related Credit Support Depletion Date, distributions of the remaining Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1 Certificates as follows: (i) first, concurrently, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 1 Certificates entitled to principal, pro rata based on Class Principal Balances, as principal, the Senior Principal Distribution Amount for I and Loan Group 1, until their respective Class Principal Balances are reduced to zero; and (iii) third, after any payments to the Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (h) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(h)(i), only the portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 2 Certificates, as principal, the Senior Principal Distribution Amount for Loan Group 2, pro rata based on Class Principal Balances, until their respective Class Principal Balance is reduced to zero; and (iii) third, after any payments to the Group 1, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (i) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 3 will be made with respect to the Group 3, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 3 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(i)(i), only the portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 3 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 3, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (j) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 4 will be made with respect to the Group 4, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 4 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 4, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (k) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will be made with respect to the Group 5, Class C-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 5 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 5, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC);II. (B) On each Distribution Date, the amount referred to in clause (i) of the definition of Interest Distribution Amount for such Distribution Date for each Class of Group 1I, Group 2, Group 3, Group 4, Group 5, II and Group C-BB Certificates and for each of the Group I, Class A-X and Class C-X Certificates Group II Excess Interest Amounts shall be reduced by the Trust Administrator by, by the related Class’s ’ or Excess Interest Amounts’ pro rata share (based on the amount of the Interest Distribution Amount for each such Class or Excess Interest Amount before reduction pursuant to this Section 4.01(B4.01(I)(B)) of (i) Net Prepayment Interest Shortfalls experienced by the for Mortgage Loans in a the related Loan Group for such Distribution Date; and (ii) (A) after the related Special Hazard Coverage Termination Date, with respect to each Group I or Group II Mortgage Loan in a related Loan Group Loan, as applicable, that became a was the subject of Special Hazard Mortgage Loan Loss during the prior calendar month, the excess of one month’s interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, (B) after the related Bankruptcy Coverage Termination Date, with respect to each MortgagGroup I or Group II Mortgage Loan, as applicable, that became subject to a Bankruptcy Loss during the prior calendar month, the interest portion of the related Debt Service Reduction or Deficient Valuation, (C) each Relief Act Reduction for any Group I or Group II Mortgage Loan, as applicable, incurred during the prior calendar month and (D) after the Fraud Loss Coverage Termination Date, with respect to each Group I or Group II Mortgage Loan, as applicable, that became a Fraud Loan during the prior calendar month the excess of one month’s interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month. For purposes of calculating the reduction of the Interest Distribution Amount for each Class of Group C-B Certificates with respect to Loan Group I or Loan Group II such reduction shall be based on the amount of interest accruing at the Net WAC Rate for such Loan Group on such Class’ proportionate share, based on the Class Principal Balance of the related Subordinate Component Balance for that Distribution Date. (C) With respect to each Class of Group C-B Certificates, if on any Distribution Date the related Subordination Level of such Class is less than such percentage as of the Closing Date, no distribution of Principal Prepayments will be made to any Class or Classes of Group C-B Certificates junior to such Class (the “Restricted Classes”) and the amount otherwise distributable to the Restricted Classes in respect of such Principal Prepayments will be allocated among the remaining Classes of Group C-B Certificates, pro rata, based upon their respective Class Principal Balances. (II) With respect to the Group III Certificates: (a) On each Distribution Date, the Trust Administrator shall distribute the Interest Remittance Amount for such date in the following order of priority: (i) to the Class III-A-1 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date; (ii) to the Class III-M 1 Certificates, Current Interest for such Class and such Distribution Date; (iii) to the Class III-M 2 Certificates, Current Interest for such Class and such Distribution Date; and (iv) for application as part of Monthly Excess Cashflow for such Distribution Date as provided in Section 4.01(II)(d), any Interest Remittance Amount remaining for such Distribution Date. (b) On each Distribution Date (A) prior to the Stepdown Date or (B) with respect to which a Trigger Event is in effect, the Trust Administrator shall distribute the Principal Payment Amount for Loan Group III for such date in the following order of priority: (i) to the Class III-A-1 Certificates, until the Class Principal Balance of such Class has been reduced to zero; (ii) to the Class III-M 1 Certificates, until the Class Principal Balance of such Class has been reduced to zero; (iii) to the Class III-M 2 Certificates, until the Class Principal Balance of such Class has been reduced to zero; and (iv) for application as part of Monthly Excess Cashflow for such Distribution Date, as provided in Section 4.01(II)(d), any Principal Payment Amount remaining after application pursuant to Section 4.01(II)(b)(i) through (iii) above. (c) On each Distribution Date (A) on or after the Stepdown Date and (B) with respect to which a Trigger Event is not in effect, the Trust Administrator shall distribute the Principal Payment Amount for Loan Group III for such date in the following order of priority: (i) to the Class III-A-1 Certificates, the Group III Senior Principal Payment Amount, until the Class Principal Balance of such Class has been reduced to zero; (ii) to the Class III-M 1 Certificates, the Class III-M-1 Principal Payment Amount for such Distribution Date, until the Class Principal Balance of such Class has been reduced to zero; (iii) to the Class III-M 2 Certificates, the Class III-M-2 Principal Payment Amount for such Distribution Date, until the Class Principal Balance of such Class has been reduced to zero; and (iv) for application as part of Monthly Excess Cashflow for such Distribution Date, as provided in Section 4.01(II)(d), any Principal Payment Amount remaining after application pursuant to Section 4.01(II)(c)(i) though (iii) above. (d) On each Distribution Date, the Trust Administrator shall distribute the Monthly Excess Cashflow for such date in the following order of priority: (A) until the aggregate Class Principal Balance of the Group III Certificates, other than the Class III-X Certificates, equals the Aggregate Loan Group Balance of Loan Group III for such Distribution Date minus the Targeted Overcollateralization Amount for such date, on each Distribution Date (x) prior to the Stepdown Date or (y) with respect to which a Trigger Event is in effect, to the extent of Monthly Excess Interest for such Distribution Date, to the Group III Certificates, in the following order of priority: 1. to the Class III-A-1 Certificates, until the Class Principal Balance of such Class has been reduced to zero; 2. to the Class III-M 1 Certificates, until the Class Principal Balance of such Class has been reduced to zero; and 3. to the Class III-M 2 Certificates, until the Class Principal Balance of such Class has been reduced to zero. (B) on each Distribution Date (x) on or after the Stepdown Date and (y) with respect to which a Trigger Event is not in effect, to fund any principal distributions required to be made on such Distribution Date set forth above in Section 4.01(II)(c) above, after giving effect to the distribution of the Principal Payment Amount for Loan Group III for such Distribution Date, in accordance with the priorities set forth therein; (ii) to the Class III-A-1 Certificates, any Basis Risk Shortfall due and owing for such Class; (iii) to the Class III-M-1 Certificates, any Basis Risk Shortfall due and owing for such Class; (iv) to the Class III-M-2 Certificates, any Basis Risk Shortfall due and owing for such Class; (v) to the Class III-M 1 Certificates, first, any Carryforward Interest and then any Deferred Amount for such Class; (vi) to the Class III-M 2 Certificates, first any Carryforward Interest and then any Deferred Amount for such Class; (vii) to the Basis Risk Reserve Fund, any Required Basis Risk Reserve Fund Deposit; (viii) to the Class III-X Certificates, the Class III-X Distributable Amount for such Distribution Date together with any amounts withdrawn from the Basis Risk Reserve Fund for distribution to such Class III-X Certificates pursuant to Sections 4.07(b) and (e); and (ix) to the Class AR Certificates, any remaining amount; provided, however that any amount that would be distributable pursuant to this priority (ix) shall not be paid with respect to the Class AR Certificates but shall be paid instead with respect to the Class III-X Certificates pursuant to a contract that exists under this Agreement between the Class AR Certificateholders and the Class III-X Certificateholders.

Priorities of Distribution. (A1) On each Distribution Date, the Trust Administrator Trustee shall determine withdraw the amounts Available Funds for Loan Group 1 from the Distribution Account and apply such funds to be distributed to each Class of Certificates as follows: (a) with respect to distributions on the Group 1 CertificatesSenior Certificates in the following order and priority and, before in each case, to the related Credit Support Depletion Date and from the extent of Available Distribution Amount relating to Loan Group 1, subject to Section 4.01(B) belowFunds remaining: (i) firstconcurrently, to the each interest-bearing Class of Group 1 Certificates entitled to interestSenior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount; , any shortfall being allocated pro rata among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall, provided that the amount otherwise distributable on the related portion of the Class A-X-2 IO component shall be deposited in the Carryover Shortfall Reserve Fund to the extent required by Section 4.07; (ii) [reserved]; (iii) concurrently, to the Classes of Group 1 Senior Certificates as follows: (A) [reserved]; and (iiB) second, to the Group 1 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 1, in up to the following order amount of priority; (A) firstthe related Senior Principal Distribution Amount for such Distribution Date will be distributed, sequentially, to the Class AR A-R Certificates, Class 1-A-1 Certificates and Class ARA-L CertificatesX-2 PO-1 Component, pro rata based on Class Principal Balancesin that order, until their respective Class Certificate Balances or Component Principal Balances Balance, as applicable, are reduced to zero;. (Biv) second[reserved]. (2) On each Distribution Date, the Trustee shall withdraw the Available Funds for Loan Group 2 from the Distribution Account and apply such funds to distributions on the Group 2 Senior Certificates in the following order and priority and, in each case, to the Class 1-A-1, Class 1-A-2, Class 1-A-3 and Class 1-A-6 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (b) with respect to the Group 2 and Class A-X Certificates, before the related Credit Support Depletion Date and from the extent of Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) belowFunds remaining: (i) first, concurrently, to the each interest-bearing Class of Group 2 and Class A-X Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount; , any shortfall being allocated pro rata among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; , provided however, that for the purposes of distributions to amount otherwise distributable on the Class A-X Certificates pursuant to this Section 4.01(A)(b)(i), only a related portion of the Class A-X Notional Amount derived from X-2 IO component shall be deposited in the Group 2 Mortgage Loans will be used Carryover Shortfall Reserve Fund to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Amount for any Distribution Date on or before the Class 2-A-2/2-A-5 Accretion Termination Date will instead be distributed in accordance with the Class 2-A-2/2-A-5 Accretion Direction Rule; andextent required by Section 4.07; (ii) second[reserved]; (iii) concurrently, to the Classes of Group 2 CertificatesSenior Certificates as follows: (A) [reserved]. (B) the Principal Amount for Loan Group 2, up to the amount of the related Senior Principal Distribution Amount for such Distribution Date will be distributed, sequentially, to the following Classes of Certificates and Component in the following order of priority: first, concurrently, to the Class 2-A-1, Class 2-A-2A and Class 2-A-2B Certificates, pro rata by outstanding Class Certificate Balance, until their respective Class Certificate Balances are reduced to zero; and second, to the Class A-X-2 PO-2 Component, until its Component Principal Balance is reduced to zero. (3) On each Distribution Date, after making the distributions described in Section 4.02(a)(1) and Section 4.02(a)(2), to each Class of LIBOR Certificates, any Carryover Shortfall Amounts only to the extent of amounts in the Carryover Shortfall Reserve Fund, as described in Section 4.07 and, with respect to only the Class 1-A-1, Class 2-A-1, Class 2-A-2A and Class 2-A-2B Certificates, amounts on deposit in the related Yield Maintenance Reserve Fund, as described in Section 3.06. (4) On each Distribution Date, after making the distributions described in Section 4.02(a)(1), Section 4.02(a)(2) and Section 4.02(a)(3), Available Funds from each Loan Group 2remaining will be distributed to the Senior Certificates to the extent provided in Section 4.03. (5) On each Distribution Date, Available Funds from both Loan Groups remaining after making the distributions described in Section 4.02(a)(1), Section 4.02(a)(2), Section 4.02(a)(3) and Section 4.02(a)(4) will be distributed to the Subordinated Certificates, the Class P Certificates and the Class A-R Certificates, subject to paragraph 4.02(e) below, in the following order of priority; (A) first, to the Class 2-A-4, the Group 2 Priority Amount, until its Class Principal Balance is reduced to zero; (B) second, to the Class 2-A-1 Certificates, until its Class Principal Balance is reduced to zero; (C) third, to the Class 2-A-3 Certificates, until its Class Principal Balance is reduced to zero; (D) fourth, to the Class 2-A-2 and Class 2-A-5 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; and (E) fifth, to the Class 2-A-4 Certificates, until its Class Principal Balance is reduced to zero; (c) with respect to Group 3 and the Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 3, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 3 Certificates and the Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Group 3 Certificates entitled to principal, the Senior Distribution Amount for Loan Group 3 to the Class 3-A-1 and Class 3-A-3 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (d) with respect to the Group 4 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below: (i) first, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; and (ii) second, to the Class 4-A-2 and Class 4-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 4, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (e) with respect to the Group 5 and Class C-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 5, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to the Class 5-A-2 and Class 5-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 5, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (f) with respect to the Group C-B, Class AR and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5 remaining after giving effect to the distributions pursuant to Section 4.01(A)(a), (b), (c), (d) and (e) above, subject to Sections 4.01(B) and 4.01(C) below, and further subject to any payments to the Group 1, Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06: (i) first, to the Class C-B-1 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (ii) second, to the Class C-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (iii) third, to the Class C-B-2 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (iv) fourth, to the Class C-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (v) fifth, to the Class C-B-3 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (vi) sixth, to the Class C-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (vii) seventh, to the Class C-B-4 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (viii) eighth, to the Class C-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (ix) ninth, to the Class C-B-5 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (x) tenth, to the Class C-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (xi) eleventh, to the Class C-B-6 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xii) twelfth, to the Class C-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (xiii) thirteenth, to the Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates, in that order, up to an amount of Net Realized Losses for such Class, if any; provided, however, that any amounts distributed pursuant to this Section 4.01(A)(f)(xiii) will not cause a further reduction in the Class Principal Balances of any of the Group C-B Certificates; and (xiv) fourteenth, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1 Certificates as follows: (i) first, concurrently, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 1 Certificates entitled to principal, pro rata based on Class Principal Balances, as principal, the Senior Principal Distribution Amount for Loan Group 1, until their respective Class Principal Balances are reduced to zero; and (iii) third, after any payments to the Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (h) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(h)(i), only the portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 2 Certificates, as principal, the Senior Principal Distribution Amount for Loan Group 2, pro rata based on Class Principal Balances, until their respective Class Principal Balance is reduced to zero; and (iii) third, after any payments to the Group 1, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (i) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 3 will be made with respect to the Group 3, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 3 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(i)(i), only the portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 3 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 3, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (j) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 4 will be made with respect to the Group 4, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 4 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 4, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (k) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will be made with respect to the Group 5, Class C-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 5 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 5, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (B) On each Distribution Date, the amount referred to in clause (i) of the definition of Interest Distribution Amount for such Distribution Date for each Class of Group 1, Group 2, Group 3, Group 4, Group 5, Group C-B, Class A-X and Class C-X Certificates shall be reduced by the Trust Administrator by, the related Class’s pro rata share (based on the amount of the Interest Distribution Amount for each such Class before reduction pursuant to this Section 4.01(B)) of (i) Net Prepayment Interest Shortfalls experienced by the Mortgage Loans in a related Loan Group for such Distribution Date; and (ii) (A) after the related Special Hazard Coverage Termination Date, with respect to each Mortgage Loan in a related Loan Group that became a Special Hazard Mortgage Loan during the prior calendar month, the excess of one month’s interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, (B) after the related Bankruptcy Coverage Termination Date, with respect to each Mortgag

Priorities of Distribution. (Aa) On each Distribution Date, the Trust Administrator Trustee shall determine withdraw the amounts Available Funds from the Distribution Account and apply such funds to be distributed to distributions on the Certificates in the following order and priority and, in each Class of Certificates as follows: (a) with respect case, to the Group 1 Certificates, before the related Credit Support Depletion Date and from the extent of Available Distribution Amount relating to Loan Group 1, subject to Section 4.01(B) belowFunds remaining: (i) first, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to the Group 1 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 1, in the following order of priority; (A) first, to the Class AR and Class AR-L Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (B) second, to the Class 1-A-1, Class 1-A-2, Class 1-A-3 and Class 1-A-6 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (b) with respect to the Group 2 and Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 2 and each interest-bearing Class A-X of Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount; , any shortfall being allocated pro rata among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided howeverthat prior to the Accrual Termination Date, that for the purposes Accrual Amount shall be distributed as provided in Section 4.02(a)(ii); (ii) [reserved]; (iii) concurrently, to the Classes of distributions Senior Certificates as follows: (A) to the Class A-X PO Certificates pursuant an amount allocable to this Section 4.01(A)(b)(i), only a portion of the PO Formula Principal Amount up to the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Amount for any Distribution Date on or before the Class 2-A-2/2-A-5 Accretion Termination Date will instead be distributed in accordance with the Class 2-A-2/2-A-5 Accretion Direction RuleCertificate Balance thereof; and (iiB) second, on each Distribution Date prior to the Group 2 CertificatesSenior Credit Support Depletion Date, the Non-PO Formula Principal Amount up to the amount of the Senior Principal Distribution Amount for Loan Group 2such Distribution Date will be distributed, in the following order of priority;sequentially, as follows: (Aa) first, to the Class 2A-A-4, the Group 2 Priority AmountR Certificates, until its Class Principal Certificate Balance is reduced to zero; (Bb) second, concurrently (i) 20% to the Class 2-A-1 A-3 Certificates, until its Class Principal Certificate Balance is reduced to zero; and (ii) 80%, sequentially, in the following order of priority: (a) to the Class A-6 Certificates, the Priority Amount, until its Class Certificate Balance is reduced to zero; (Cb) thirdsequentially, to the Class 2-A-3 A-1 and Class A-2 Certificates, until its Class Principal Balance is reduced to zero; (D) fourth, to the Class 2-A-2 and Class 2-A-5 Certificates, pro rata based on Class Principal Balancesin that order, until their respective Class Principal Certificate Balances are reduced to zero; and (Ec) fifth, to the Class 2-A-4 A-6 Certificates, without regard to the Priority Amount, until its Class Principal Certificate Balance is reduced to zero; (c) with respect to Group 3 and the Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 3, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 3 Certificates and the Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Group 3 Certificates entitled to principal, the Senior Distribution Amount for Loan Group 3 to the Class 3-A-1 and Class 3-A-3 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (d) with respect to the Group 4 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below: (i) first, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; and (ii) second, to the Class 4-A-2 and Class 4-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 4, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (e) with respect to the Group 5 and Class C-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 5, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to the Class 5-A-2 and Class 5-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 5, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (f) with respect to the Group C-B, Class AR and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5 remaining after giving effect to the distributions pursuant to Section 4.01(A)(a), (b), (c), (d) and (e) above, subject to Sections 4.01(B) and 4.01(C) below, and further subject to any payments to the Group 1, Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06: (i) first, to the Class C-B-1 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (ii) second, to the Class C-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (iii) third, to the Class C-B-2 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (iv) fourth, to the Class C-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (v) fifth, to the Class C-B-3 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (vi) sixth, to the Class C-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (vii) seventh, to the Class C-B-4 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (viii) eighth, to the Class C-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (ix) ninth, to the Class C-B-5 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (x) tenth, to the Class C-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (xi) eleventh, to the Class C-B-6 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xii) twelfth, to the Class C-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (xiii) thirteenth, to the Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates, in that order, up to an amount of Net Realized Losses for such Class, if any; provided, however, that any amounts distributed pursuant to this Section 4.01(A)(f)(xiii) will not cause a further reduction in the Class Principal Balances of any of the Group C-B Certificates; and (xiv) fourteenth, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1 Certificates as follows: (i) first, concurrently, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 1 Certificates entitled to principal, pro rata based on Class Principal Balances, as principal, the Senior Principal Distribution Amount for Loan Group 1, until their respective Class Principal Balances are reduced to zero; and (iii) third, after any payments to the Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (h) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(h)(i), only the portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 2 Certificates, as principal, the Senior Principal Distribution Amount for Loan Group 2, pro rata based on Class Principal Balances, until their respective Class Principal Balance is reduced to zero; and (iii) third, after any payments to the Group 1, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (i) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 3 will be made with respect to the Group 3, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 3 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(i)(i), only the portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 3 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 3, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (j) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 4 will be made with respect to the Group 4, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 4 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 4, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (k) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will be made with respect to the Group 5, Class C-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 5 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 5, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (B) On each Distribution Date, the amount referred to in clause (i) of the definition of Interest Distribution Amount for such Distribution Date for each Class of Group 1, Group 2, Group 3, Group 4, Group 5, Group C-B, Class A-X and Class C-X Certificates shall be reduced by the Trust Administrator by, the related Class’s pro rata share (based on the amount of the Interest Distribution Amount for each such Class before reduction pursuant to this Section 4.01(B)) of (i) Net Prepayment Interest Shortfalls experienced by the Mortgage Loans in a related Loan Group for such Distribution Date; and (ii) (A) after the related Special Hazard Coverage Termination Date, with respect to each Mortgage Loan in a related Loan Group that became a Special Hazard Mortgage Loan during the prior calendar month, the excess of one month’s interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, (B) after the related Bankruptcy Coverage Termination Date, with respect to each Mortgag.

Priorities of Distribution. (Aa) On each Distribution Date, the Trust Administrator shall determine withdraw the amounts related Group Available Funds, (to be distributed the extent on deposit in the Distribution Account) from the Distribution Account and, pursuant to written instruction received from the Master Servicer as set forth in Section 4.04(a), upon which it may conclusively rely, apply such funds, first to distributions in respect of the Subsidiary and Middle REMIC Regular Interests, as provided in Section 4.02(h), and then to distributions on the Certificates in the following order and priority and, in each Class case, to the extent of Certificates as follows:such Group Available Funds, subject to adjustment in accordance with Sections 4.02(b), 4.02(d) and 4.02(e): (ai) with With respect to the Group 1 Certificates, before the related Credit Support Depletion Date and from the Group 1 Available Distribution Amount relating to Loan Group 1, subject to Section 4.01(B) below: (i) first, Funds; with respect to the Group 2 Certificates, from the Group 2 Available Funds; with respect to the Class PO Certificates, from the Group 1 Certificates entitled Available Funds; with respect to interestthe Class A-X Certificates, from the Group 2 Available Funds; and with respect to the Subordinate Certificates, from the Group 1 Available Funds and Group 2 Available Funds, as follows: first, concurrently, (A) concurrently, to each Class of Group 1 Certificates, pro rata based on the Accrued Certificate Interest of each such Class, an amount allocable to interest equal to the related Accrued Certificate Interest; provided, that prior to the Class 1-A-3 Accretion Termination Date, an amount equal to the amount that would otherwise be distributable in respect of Accrued Certificate Interest Distribution to the Class 1-A-3 Certificates pursuant to this provision (the “Class 1-A-3 Accrual Amount”) will instead be distributed as principal in accordance with Section 4.02(c); and (B) to each Class of Group 2 Certificates and the Class A-X Certificates, pro rata based on the Accrued Certificate Interest of each such Class, an amount allocable to interest equal to the related Accrued Certificate Interest; in each case ((A) and (B) of this paragraph), any shortfall being shall be allocated pro rata among such Classes described in the related paragraph in proportion to the amount of the Accrued Certificate Interest Distribution Amount that would have been distributed in the absence of such shortfall; andand second, concurrently, (iiA) secondto the extent of remaining Group 1 Available Funds, to the Group 1 Certificates entitled and the Class PO Certificates, concurrently, as follows: (1) up to principal, the amount of the Senior Optimal Principal Distribution Amount for Loan Collateral Group 1, in the following order of priority; (A) first1 for such Distribution Date, to the Group 1 Certificates, sequentially, as follows (provided, that, on each Distribution Date on or after the Cross-Over Date, up to the amount of the Senior Optimal Principal Amount for Collateral Group 1 for such Distribution Date, will be distributed to each Class AR and Class AR-L of Group 1 Certificates, pro rata based on rata, according to Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (B) second; and provided further, that any principal distributed to the Class 1-A-1, Class A-5 Certificates on any Distribution Date pursuant to this clause (2) will be allocated to Component 1-A-2A-5-1, Class Component 1-A-3 A-5-2, Component 1-A-5-3 and Component 1-A-5-4, pro rata based on their respective Class Principal Balances immediately prior to such Distribution Date): (a) first, to the Class A-LR and Class 1A-A-6 UR Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (b) with respect to the Group 2 and Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided however, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(b)(i), only a portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Amount for any Distribution Date on or before the Class 2-A-2/2-A-5 Accretion Termination Date will instead be distributed in accordance with the Class 2-A-2/2-A-5 Accretion Direction Rule; and (ii) second, to the Group 2 Certificates, the Senior Principal Distribution Amount for Loan Group 2, in the following order of priority; (A) first, to the Class 2-A-4, the Group 2 Priority Amount, until its Class Principal Balance is reduced to zero; (B) second, to the Class 21-A-1 Certificates, until its Class Principal Balance is reduced to zero; (C) third, to the Class 2-A-3 Certificates, until its Class Principal Balance is reduced to zero; (D) fourth, to the Class 2-A-2 A-4 and Class 21-A-5 Certificates, the Group 1 Priority Principal Distribution Amount, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; and; (Ec) third, to the Class 1-A-1 Certificates, in an amount on each Distribution Date up to the excess, if any, of (a) $1,000 over (b) any amounts distributed to the Class 1-A-1 Certificates on such Distribution Date pursuant to section 4.02(c)(i) below, until its Class Principal Balance is reduced to zero; (d) fourth, to the Class 1-A-2 Certificates, in an amount on each Distribution Date up to the excess, if any, of (a) $798,000 over (b) any amounts distributed to the Class 1-A-2 Certificates on such Distribution Date pursuant to section 4.02(c)(ii) below, until its Class Principal Balance is reduced to zero; (e) fifth, to the Class 21-A-4 A-1 Certificates, until its Class Principal Balance is reduced to zero; (cf) with respect sixth, to Group 3 and the Class A1-X A-2 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating until its Class Principal Balance is reduced to Loan Group 3, subject to Section 4.01(B) below:zero; (ig) firstseventh, to the Class 1-A-3 Certificates, until its Class Principal Balance is reduced to zero; and (h) eighth, concurrently, to the Group 3 Certificates and the Class A1-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Group 3 Certificates entitled to principal, the Senior Distribution Amount for Loan Group 3 to the Class 3-A-1 A-4 and Class 31-A-3 A-5 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (d2) with respect to the Group 4 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below: (i) first, to the Group 4 Class PO Certificates, an amount allocable to interest principal equal to the related Interest PO Principal Distribution Amount; andAmount for Collateral Group 1, until its respective Class Principal Balance is reduced to zero; (iiB) secondto the extent of remaining Group 2 Available Funds, up to the amount of the Senior Optimal Principal Amount for Collateral Group 2 for such Distribution Date, to the Class 42-A-2 A-1 and Class 42-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 4pro rata, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (e) with respect ; third, only on any Distribution Date on or prior to the Group 5 and Cross-Over Date, to the Class C-X PO Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 5, subject to Section 4.01(B) below: (i) first, concurrently, to any PO Recoveries for that Distribution Date for Collateral Group 1 will reduce the Group 5 1 PO Deferred Amount until the Group 1 PO Deferred Amount for that Distribution Date has been reduced to zero and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, from the remaining Group 1 Available Funds, up to the remaining Group 1 PO Deferred Amount for that Distribution Date; provided, however, that on any Distribution Date (1) any payments pursuant to clause (ii) of this priority third in respect of the PO Deferred Amounts shall not exceed the Aggregate Subordinate Optimal Principal Amount for such Distribution Date and shall be payable from the Aggregate Subordinate Optimal Principal Amount, first, from the amounts in clause (i) of the definition “Subordinate Optimal Principal Amount,” second, from amounts in clause (ii) of the definition thereof and third, from amounts in clause (iii) of the definition thereof and (2) any distribution to the Class 5-A-2 and PO Certificates pursuant to this Section 4.02(a)(i) third shall not reduce the Class 5-A-3 Principal Balance of the Class PO Certificates, the Senior Principal Distribution Amount for Loan Group 5, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; and (f3) with respect no distribution will be made to the Group CClass PO Certificates of any such PO Deferred Amounts after the Cross-BOver Date; fourth, Class AR and Class AR-L Certificates, before to the related Credit Support Depletion Date, Subordinate Certificates from the remaining Group Available Distribution Amount relating to Loan Funds for each Collateral Group 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5 remaining after giving effect to in the distributions pursuant to Section 4.01(A)(a), (b), (c), (d) and (e) aboveaggregate, subject to Sections 4.01(BSection 4.02(b) and 4.01(C) below4.02(d), and further subject to any payments to in the Group 1, Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06following order of priority: (iA) first, to the Class C-B-1 Certificates, an amount allocable to interest equal to the Accrued Certificate Interest Distribution Amount for such Class for such Distribution Date; (iiB) second, to the Class C-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Allocable Share for such Distribution Date, Date until its the Class Principal Balance of such Class is reduced to zero; (iiiC) third, to the Class C-B-2 Certificates, an amount allocable to interest equal to the Accrued Certificate Interest Distribution Amount for such Class for such Distribution Date; (ivD) fourth, to the Class C-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Allocable Share for such Distribution Date, Date until its the Class Principal Balance of such Class is reduced to zero; (vE) fifth, to the Class C-B-3 Certificates, an amount allocable to interest equal to the Accrued Certificate Interest Distribution Amount for such Class for such Distribution Date; (viF) sixth, to the Class C-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Allocable Share for such Distribution Date, Date until its the Class Principal Balance of such Class is reduced to zero; (viiG) seventh, to the Class C-B-4 Certificates, an amount allocable to interest equal to the Accrued Certificate Interest Distribution Amount for such Class for such Distribution Date; (viiiH) eighth, to the Class C-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Allocable Share for such Distribution Date, Date until its the Class Principal Balance of such Class is reduced to zero; (ixI) ninth, to the Class C-B-5 Certificates, an amount allocable to interest equal to the Accrued Certificate Interest Distribution Amount for such Class for such Distribution Date; (xJ) tenth, to the Class C-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Allocable Share for such Distribution Date, Date until its the Class Principal Balance of such Class is reduced to zero; (xiK) eleventh, to the Class C-B-6 Certificates, an amount allocable to interest equal to the Accrued Certificate Interest Distribution Amount for such Class for such Distribution Date; (xiiL) twelfth, to the Class C-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Allocable Share for such Distribution Date, Date until its the Class Principal Balance of such Class is reduced to zero; (xiii) thirteenth; and fifth, to the Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates, in that order, up to an amount of Net Realized Losses for such Class, if any; provided, however, that any amounts distributed pursuant to this Section 4.01(A)(f)(xiii) will not cause a further reduction in the Class Principal Balances of any of the Group C-B Certificates; and (xiv) fourteenth, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1 Certificates as follows: (i) first, concurrently, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 1 Certificates entitled to principal, pro rata based on Class Principal Balances, as principal, the Senior Principal Distribution Amount for Loan Group 1, until their respective Class Principal Balances are reduced to zero; and (iii) third, after any payments to the Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (h) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(h)(i), only the portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 2 Certificates, as principal, the Senior Principal Distribution Amount for Loan Group 2, pro rata based on Class Principal Balances, until their respective Class Principal Balance is reduced to zero; and (iii) third, after any payments to the Group 1, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06LR Certificate, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (i) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 3 will be made with respect to the Group 3, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 3 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed funds in the absence of such shortfall; providedSubsidiary REMIC, that for the purposes of distributions and to the Class A-X Certificates pursuant to this Section 4.01(A)(i)(i)UR Certificate, only the portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; (ii) secondany remaining funds in each remaining REMIC. On any Distribution Date, to the extent the Amount Available for Group 3 1 Principal is insufficient to make the full distribution required to be made pursuant to clause (i), priority second sub-clause (A) above, (x) the amount distributable on the Class PO Certificates entitled in respect of principal pursuant to principalsuch clause (i), priority second sub-clause (A) above shall be equal to the product of (1) the Amount Available for Group 1 Principal and (2) a fraction, the Senior numerator of which is the PO Principal Distribution Amount for Loan Collateral Group 3, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances 1 and the denominator of which is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (j) On or after the related Credit Support Depletion Date, distributions sum of the Available Distribution Amount for Loan Group 4 will be made with respect to the Group 4, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 4 Certificates entitled to principal, the Senior PO Principal Distribution Amount for Loan Collateral Group 4, as principal, pro rata based 1 and the Senior Optimal Principal Amount for Collateral Group 1 and (y) the amount distributable on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 1 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any in respect of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (k) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will principal shall be made with respect to the Group 5, Class C-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to product of (1) the amount Amount Available for Group 1 Principal and (2) a fraction, the numerator of which is the Senior Optimal Principal Amount for Collateral Group 1 and the denominator of which is the sum of the Interest Distribution Senior Optimal Principal Amount that would have been distributed in for Collateral Group 1 and the absence of such shortfall; (ii) second, to the Group 5 Certificates entitled to principal, the Senior PO Principal Distribution Amount for Loan Collateral Group 5, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and1. (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (Bb) On each Distribution Date, the amount referred to in clause (i) of the definition of Accrued Certificate Interest Distribution Amount for each Class of Certificates (other than the Class PO Certificates) shall be reduced by (i) the related Class’s pro rata share of Net Prepayment Interest Shortfalls with respect to the Mortgage Loans in the related Collateral Group or Collateral Groups, based on such Class’ Accrued Certificate Interest for such Distribution Date for each Class of Group 1, Group 2, Group 3, Group 4, Group 5, Group C-B, Class A-X without taking into account such Net Prepayment Interest Shortfalls and Class C-X Certificates shall be reduced by the Trust Administrator by, (ii) the related Class’s pro rata share (based on the amount of the Interest Distribution Amount for each such Class before reduction pursuant to this Section 4.01(B)Class’ pro rata share without taking into account any such reduction) of (i) Net Prepayment Interest Shortfalls experienced by the Mortgage Loans in a related Loan Group for such Distribution Date; and (ii) (A) after the related Special Hazard Coverage Termination Date, Date with respect to each Mortgage Loan in a the related Loan Collateral Group or Collateral Groups, that became a Special Hazard Mortgage Loan during the prior calendar monthmonth preceding the month of such Distribution Date, the excess of one month’s interest at the related Net Mortgage Rate on the Stated Scheduled Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, (B) after the related Bankruptcy Coverage Termination Date, Date with respect to each MortgagMortgage Loan in the related Collateral Group or Collateral Groups that became subject to a Bankruptcy Loss during the calendar month preceding the month of such Distribution Date, the interest portion of the related Deficient Valuation, (C) each Relief Act Reduction incurred on a Mortgage Loan in the related Collateral Group or Collateral Groups, during the calendar month preceding the month of such Distribution Date and (D) after the Fraud Loss Coverage Termination Date with respect to each Mortgage Loan in the related Collateral Group or Collateral Groups that became a Fraud Loan during the calendar month preceding the month of such Distribution Date, the excess of one month’s interest at the related Net Mortgage Rate on the Scheduled Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month. For purposes of calculating the reduction in the amount referred to in clause (i) of the definition of Accrued Certificate Interest for each Class of Subordinate Certificates in respect of any Collateral Group (other than Collateral Group 2), such reduction shall be based upon the amount of interest accruing at the Required Coupon for such Collateral Group, and with respect to Collateral Group 2, shall be based upon the amount of interest accruing at a rate of 7.50% per annum, in each case, based on, on such Class’ proportionate share, based on Class Principal Balance, of the related Group Subordinate Amount for that Distribution Date. (c) On each Distribution Date occurring prior to the Class 1-A-3 Accretion Termination Date, the Class 1-A-3 Accrual Amount, if any, will be distributed as principal, sequentially, as follows: (i) first, to the Class 1-A-1 Certificates, in an amount up to $1,000 on each Distribution Date, until its Class Principal Balance is reduced to zero; (ii) second, to the Class 1-A-2 Certificates, in an amount up to $798,000 on each Distribution Date, until its Class Principal Balance is reduced to zero; (iii) third, to the Class 1-A-1 Certificates, until its Class Principal Balance is reduced to zero; (iv) fourth, to the Class 1-A-2 Certificates, until its Class Principal Balance is reduced to zero; and (v) fifth, to the Class 1-A-3 Certificates, until its Class Principal Balance is reduced to zero. (d) Notwithstanding the priority and allocation contained in Section 4.02(a)(i) priority fourth, if with respect to any Class of Subordinate Certificates on any Distribution Date, such Class has not satisfied the related Class Prepayment Distribution Trigger, no distribution of amounts pursuant to clauses (ii) and (iii) of the definition of the Subordinate Optimal Principal Amount will be made to any such Classes (the “Restricted Classes”) and the amount of such amounts pursuant to clauses (ii) and (iii) of the definition of the applicable Subordinate Optimal Principal Amount otherwise distributable to the Restricted Classes shall be distributed to any Classes of Subordinate Certificates, which are not Restricted Classes, having lower numerical Class designations than such Class, pro rata based on their respective Class Principal Balances immediately prior to such Distribution Date. The calculation of any amount to be distributed under this Section 4.02(d) shall be made by the Master Servicer. (e) On each Distribution Date, after application of Group 1 Available Funds and Group 2 Available Funds in accordance with Section 4.02(a)(i) items first and second, the Trust Administrator shall effect cross-collateralization among each Certificate Group in the following priority: (i) Subject to Section 4.02(b), to the extent any Accrued Certificate Interest with respect to any Class of Senior Certificates (other than the related Class of Class PO Certificates) remains unpaid after application of Group Available Funds for the related Collateral Group in accordance with Section 4.02(a)(i) items first and second, Group Available Funds for each of such Collateral Groups remaining after payments on the related Senior Certificates (other than the related Class of Class PO Certificates) shall be applied to cover such unpaid Accrued Certificate Interest, and shall be applied pro rata based on the amounts of such unpaid Accrued Certificate Interest to the extent there are insufficient funds to pay such amounts in full. (ii) Prior to the Cross-Over Date, to the extent any PO Deferred Amount has not been paid from Group Available Funds for any Collateral Group, the available Subordinate Principal Distribution Amount for the Subordinate Certificates shall be applied to pay any such PO Deferred Amount. (iii) If on any Distribution Date, one or more of Certificate Groups is an Undercollateralized Group, the available Subordinate Principal Distribution Amount for the Subordinate Certificates shall be paid to such Undercollateralized Group or Groups as principal to the Senior Certificates

Priorities of Distribution. (Aa) On each Distribution Date, the Trust Administrator Trustee shall determine withdraw the amounts related Group Available Funds (to be distributed the extent on deposit in the Distribution Account) from the Distribution Account and, pursuant to the statement prepared by the Master Servicer as set forth in Section 4.04(a), upon which it may conclusively rely, apply such funds, first to distributions in respect of the Lower-Tier REMIC Regular Interests, as provided in Section 4.02(f), second to distributions in respect of the Middle-Tier REMIC Regular Interests as provided in Section 4.02(g), and then to distributions on the Certificates in the following order and priority and, in each Class case, to the extent of Certificates as follows:such Group Available Funds, subject to adjustment in accordance with Section 4.02(e): (ai) With respect to the Group 1 Certificates from the Group 1 Available Funds; with respect to the Group 1 Certificates, before the related Credit Support Depletion Date and 2 Certificates from the Group 2 Available Distribution Amount relating to Loan Group 1, subject to Section 4.01(B) below: (i) first, Funds; with respect to the Group 3 Certificates from the Group 3 Available Funds; with respect to the Group 4 Certificates from the Group 4 Available Funds; with respect to the Group 5 Certificates from the Group 5 Available Funds; and with respect to the Group 6 Certificates from the Group 6 Available Funds, as follows: first, concurrently, (A) to the Class of Group 1 Certificates entitled to interestCertificates, an amount allocable to interest equal to the related Accrued Certificate Interest; (B) to each Class of Group 2 Certificates, pro rata, an amount allocable to interest equal to the related Accrued Certificate Interest; (C) to each Class of Group 3 Certificates, pro rata, an amount allocable to interest equal to the related Accrued Certificate Interest; (D) to each Class of Group 4 Certificates, pro rata, an amount allocable to interest equal to the related Accrued Certificate Interest; (E) to each Class of Group 5 Certificates, pro rata, an amount allocable to interest equal to the related Accrued Certificate Interest; and (F) to the Class of Group 6 Certificates, an amount allocable to interest equal to the related Accrued Certificate Interest Distribution Amount; in each case ((A) through (F) of this paragraph), any shortfall being shall be allocated pro rata among such Classes in proportion to the amount of the Accrued Certificate Interest Distribution Amount that would have been distributed in the absence of such shortfall; andand second, concurrently, (iiA) secondto the extent of remaining Group 1 Available Funds, to the Group 1 Certificates entitled Class 1-A-1 Certificates, up to principal, the amount of the Senior Optimal Principal Distribution Amount for Loan Group 11 for such Distribution Date, in the following order of priority; (A) first, to until the Class AR and Principal Balance of each such Class AR-L Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are has been reduced to zero; (B) to the extent of remaining Group 2 Available Funds, first, to the Class A-LR and Class A-R Certificates, pro rata, and second, to the Class 12-A-1, Class 1-A-2, Class 1-A-3 and Class 1-A-6 A-1 Certificates, pro rata based on up to the amount of the Senior Optimal Principal Amount for Loan Group 2 for such Distribution Date, until the Class Principal Balances, until their respective Balance of such Class Principal Balances are has been reduced to zero; (bC) with respect to the extent of remaining Group 2 and Class A-X Certificates, before the related Credit Support Depletion Date and from the 3 Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) below: (i) first, concurrentlyFunds, to the Group 2 Class 3-A-1, Class 3-A-2 and Class A3-X A-3 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion rata, up to the amount of the Interest Senior Optimal Principal Amount for Loan Group 3 for such Distribution Amount that would have Date, until the Class Principal Balance of each such Class has been distributed in reduced to zero; (D) to the absence extent of such shortfall; provided howeverremaining Group 4 Available Funds, that for the purposes of distributions to the Class A4-X Certificates pursuant A-1 and Class 4-A-2 Certificates, pro rata, up to this Section 4.01(A)(b)(i), only a portion the amount of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Senior Optimal Principal Amount for any Loan Group 4 for such Distribution Date on or before Date, until the Class 2-A-2/2-A-5 Accretion Termination Date will instead be distributed in accordance with Principal Balance of each such Class has been reduced to zero; (E) to the extent of remaining Group 5 Available Funds, to the Class 25-A-2/2-A-5 Accretion Direction RuleA-1 Certificates, up to the amount of the Senior Optimal Principal Amount for Loan Group 5 for such Distribution Date, until the Class Principal Balance of such Class has been reduced to zero; and (iiF) secondto the extent of remaining Group 6 Available Funds, to the Group 2 Class 6-A-1 Certificates, up to the amount of the Senior Optimal Principal Distribution Amount for Loan Group 26 for such Distribution Date, until the Class Principal Balance of such Class has been reduced to zero; (ii) to the Subordinate Certificates, subject to Section 4.02(e), in the following order of priority;: (A) firstfrom the remaining Available Funds for all Loan Groups in the aggregate, (1) to the Class 2B-1 and Class B-1-A-4X Certificates, pro rata, the Group 2 Priority Amountapplicable Accrued Certificate Interest for that Distribution Date and (2) to the Class B-1 Certificates', its Allocable Share for that Distribution Date until its the Class Principal Balance is reduced to zero; (B) secondfrom the remaining Available Funds for all Loan Groups in the aggregate, to the Class B-2 Certificates in the following order: (1) the Accrued Certificate Interest on the Class B-2 Certificates for that Distribution Date and (2-A-1 ) the Class B-2 Certificates, ' Allocable Share for that Distribution Date until its the Class Principal Balance is reduced to zero; (C) thirdfrom the remaining Available Funds for all Loan Groups in the aggregate, to the Class B-3 Certificates in the following order: (1) the Accrued Certificate Interest on the Class B-3 Certificates for that Distribution Date and (2-A-3 ) the Class B-3 Certificates, ' Allocable Share for that Distribution Date until its the Class Principal Balance is reduced to zero; (D) fourthfrom the remaining Available Funds for all Loan Groups in the aggregate, to the Class 2-A-2 and Class 2-A-5 Certificates, pro rata based B-4 Certificates in the following order: (1) the Accrued Certificate Interest on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; and (E) fifth, to the Class B-4 Certificates for that Distribution Date and (2-A-4 ) the Class B-4 Certificates, ' Allocable Share for that Distribution Date until its the Class Principal Balance is reduced to zero; (cE) with respect to Group 3 and the Class A-X Certificates, before the related Credit Support Depletion Date and from the remaining Available Distribution Amount relating to Funds for all Loan Group 3, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 3 Certificates and the Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed Groups in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Group 3 Certificates entitled to principal, the Senior Distribution Amount for Loan Group 3 to the Class 3-A-1 and Class 3-A-3 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (d) with respect to the Group 4 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below: (i) first, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; and (ii) secondaggregate, to the Class 4-A-2 and B-5 Certificates in the following order: (1) the Accrued Certificate Interest on the Class 4-A-3 Certificates, the Senior Principal B-5 Certificates for that Distribution Amount for Loan Group 4, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (e) with respect to the Group 5 and Class C-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 5, subject to Section 4.01(B(2) below: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to the Class 5-A-2 and Class 5-A-3 B-5 Certificates, the Senior Principal Distribution Amount for Loan Group 5, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (f) with respect to the Group C-B, Class AR and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5 remaining after giving effect to the distributions pursuant to Section 4.01(A)(a), (b), (c), (d) and (e) above, subject to Sections 4.01(B) and 4.01(C) below, and further subject to any payments to the Group 1, Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06: (i) first, to the Class C-B-1 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (ii) second, to the Class C-B-1 Certificates, an amount allocable to principal equal to its Pro Rata ' Allocable Share for such that Distribution Date, Date until its the Class Principal Balance is reduced to zero; (iiiF) thirdfrom the remaining Available Funds for all Loan Groups in the aggregate, to the Class C-B-2 Certificates, an amount allocable to interest equal to B-6 Certificates in the following order: (1) the Accrued Certificate Interest Distribution Amount for such Class for such Distribution Date; (iv) fourth, to on the Class C-B-2 B-6 Certificates for that Distribution Date and (2) the Class B-6 Certificates, an amount allocable to principal equal to its Pro Rata ' Allocable Share for such that Distribution Date, Date until its the Class Principal Balance is reduced to zero; (vG) fifth, to the Class C-B-3 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (vi) sixth, to the Class C-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (vii) seventh, to the Class C-B-4 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (viii) eighth, to the Class C-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (ix) ninth, to the Class C-B-5 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (x) tenth, to the Class C-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (xi) eleventh, to the Class C-B-6 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xii) twelfth, to the Class C-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (xiii) thirteenth, to the Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates, in that order, up to an amount of Net Realized Losses for such Class, if any; provided, however, that any amounts distributed pursuant to this Section 4.01(A)(f)(xiii) will not cause a further reduction in the Class Principal Balances of any of the Group C-B Certificates; and (xiv) fourteenth, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1 Certificates as follows: (i) first, concurrently, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 1 Certificates entitled to principal, pro rata based on Class Principal Balances, as principal, the Senior Principal Distribution Amount for Loan Group 1, until their respective Class Principal Balances are reduced to zero; and (iii) third, after any payments to the Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (h) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X LR Certificates pursuant any remaining portion (which is expected to this Section 4.01(A)(h)(i), only the portion be zero) of the Class AAvailable Funds in the Lower-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 2 Certificates, as principal, the Senior Principal Tier REMIC for that Distribution Amount for Loan Group 2, pro rata based on Class Principal Balances, until their respective Class Principal Balance is reduced to zeroDate; and (iiiH) third, after any payments to the Group 1, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (i) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 3 will be made with respect to the Group 3, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 3 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X R Certificates pursuant to this Section 4.01(A)(i)(i), only the portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 3 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 3, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, portion (which is expected to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (jbe zero) On or after the related Credit Support Depletion Date, distributions of the Available Funds in the Middle-Tier REMIC and the Upper-Tier REMIC, for that Distribution Amount for Loan Group 4 will Date. Pro rata distributions of interest among Classes of Certificates are required to be made with respect to the Group 4, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the then-current amount of interest to which the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 4 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 4, as principal, pro applicable Classes are entitled. Pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (k) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will principal among Classes of Certificates are required to be made with respect to the Group 5, Class C-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount then current Certificate Principal Balance of the Interest Distribution Amount that would have been distributed in the absence of such shortfall;applicable Classes. (iib) second, to the Group 5 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 5, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and[Reserved]. (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (Bc) On each Distribution Date, the amount referred to in clause (i) of the definition of Accrued Certificate Interest Distribution Amount for each Class of Senior Certificates and Subordinate Certificates for such Distribution Date for each Class of Group 1, Group 2, Group 3, Group 4, Group 5, Group C-B, Class A-X and Class C-X Certificates shall be reduced by the Trust Administrator by, (i) the related Class’s ' pro rata share (based on the amount of the Interest Distribution Amount for each such Class before reduction pursuant to this Section 4.01(B)) of (i) Net Prepayment Interest Shortfalls experienced by with respect to the Mortgage Loans in a the related Loan Group or Loan Groups, based on such Class' Accrued Certificate Interest for such Distribution Date; Date without taking into account such Net Prepayment Interest Shortfalls and (ii) the related Class' Pro Rata Share of (A) after the related Special Hazard Coverage Termination Date, with respect to each Mortgage Loan in a the related Loan Group or Loan Groups, that became a Special Hazard Mortgage Loan during the prior calendar monthmonth preceding the month of such Distribution Date, the excess of one month’s 's interest at the related Net Mortgage Rate on the Stated Scheduled Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, (B) after the related Bankruptcy Coverage Termination Date, with respect to each MortgagMortgage Loan in the related Loan Group or Loan Groups that became subject to a Bankruptcy Loss during the calendar month preceding the month of such Distribution Date, the interest portion of the related Deficient Valuation, (C) each Relief Act Reduction incurred on a Mortgage Loan in the related Loan Group or Loan Groups, during the calendar month preceding the month of such Distribution Date and (D) after the Fraud Loss Coverage Termination Date with respect to each Mortgage Loan in the related Loan Group or Loan Groups that became a Fraud Loan during the calendar month preceding the month of such Distribution Date, the excess of one month's interest at the related Net Mortgage Rate on the Scheduled Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month. (d) Notwithstanding the priority and allocation contained in Section 4.02(a)(ii)(A) through (F), if with respect to any Class of Subordinate Certificates (other than the Class B-1-X Certificates) on any Distribution Date, (I) such Class has not satisfied the related Class Prepayment Distribution Trigger, no distribution of amounts pursuant to clauses (ii) and (iii) of the definition of Subordinate Optimal Principal Amount will be made to any such Classes (the "Restricted Classes") and the amount of such amounts pursuant to clauses (ii) and (iii) of the definition of Subordinate Optimal Principal Amount otherwise distributable to the Restricted Classes shall be distributed to any Classes of Subordinate Certificates (other than the Class B-1-X Certificates), that are not Restricted Classes, having lower numerical Class designations than such Class, pro rata, based on their respective Class Principal Balances immediately prior to such Distribution Date and shall be distributed in the sequential order provided in Section 4.02(a)(ii)(A) through (F); provided, however, that, if all of the Subordinate Certificates (other than the Class B-1-X Certificates) are Restricted Classes, then such amounts shall be distributed to the most senior Class of such Subordinate Certificates outstanding and (II) such Class has not satisfied the Subordinate Certificates Fractional Interest Test, the Classes of Subordinate Certificates (other than the Class B-1-X Certificates) that have higher numerical designations shall receive, in respect of clauses (ii) and (iii) of the definition of Subordinate Optimal Principal Amount, an amount equal to the product of (i) their pro rata shares (based on the Certificate Principal Balances of all Subordinate Certificates that are entitled to receive principal distributions on such date) and (ii) the percentages set forth in the following table:

Priorities of Distribution. (A1) On With respect to the Available Funds for Loan Group 1, on each Distribution Date, the Trust Administrator Trustee shall determine withdraw such Available Funds from the amounts Distribution Account and apply such funds to be distributed to distributions on the specified Classes of Senior Certificates in the related Senior Certificate Group in the following order and priority and, in each Class of Certificates as follows: (a) with respect case, to the extent of Available Funds for Loan Group 1 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 1, subject to Section 4.01(B) belowremaining: (i) firstconcurrently, to the Group 1 each interest-bearing Class and Component of Senior Certificates entitled to interestin such Senior Certificate Group, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount; , any shortfall being allocated pro rata among such Classes and Component in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; and, provided, however, that the amount of interest otherwise distributable to the Class 1-X-1, Class 1-X-2 and Class 1-X-3 Certificates shall be deposited into the Carryover Shortfall Reserve Fund and shall be distributed in accordance with Section 4.09; (ii) secondto each Class of Senior LIBOR Certificates in the related Senior Certificate Group, the Class 1-X-1 P, Class 1-X-2 P and Class 1-X-3 P Components and the Class A-R Certificates, the related Principal Amount, up to the Group 1 Certificates entitled to principal, amount of the Senior Principal Distribution Amount for Loan Group 11 for such Distribution Date, in the following order of priority;sequentially as follows: (A) first, to the Class AR and Class ARA-L R Certificates, pro rata based on until its Class Principal Balances, until their respective Class Principal Balances are Certificate Balance is reduced to zero; (B) secondconcurrently, to the Class 1-A-1, Class 1-A-2, A-2 and Class 1-A-3 and Class 1-A-6 Certificates, pro rata based on Class Principal Balancesrata, until their respective Class Certificate Balances are reduced to zero, and (C) concurrently, to the Class 1-X-1 P, Class 1-X-2 P and Class 1-X-3 P Components, pro rata, until their respective Component Principal Balances are reduced to zero;. (b2) with With respect to the Group 2 and Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Funds for Loan Group 2, subject on each Distribution Date, the Trustee shall withdraw such Available Funds from the Distribution Account and apply such funds to Section 4.01(B) belowdistributions on the specified Classes of Senior Certificates in the related Senior Certificate Group in the following order and priority and, in each case, to the extent of Available Funds for Loan Group 2 remaining: (i) first, concurrently, to the Group 2 each interest-bearing Class and Class A-X CertificatesComponent of Senior Certificates in such Senior Certificate Group, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount; , any shortfall being allocated pro rata among such Classes and Component in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided , provided, however, that for the purposes amount of distributions interest otherwise distributable to the Class A-X Certificates pursuant to this Section 4.01(A)(b)(i), only a portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Amount for any Distribution Date on or before the Class 2-A-2/2-A-5 Accretion Termination Date will instead X Certificates shall be deposited into the Carryover Shortfall Reserve Fund and shall be distributed in accordance with Section 4.09; (ii) to each Class of Senior LIBOR Certificates in the related Senior Certificate Group and the Class 2-A-2/2-A-5 Accretion Direction Rule; and (ii) secondX P Component, the related Principal Amount, up to the Group 2 Certificates, amount of the Senior Principal Distribution Amount for Loan Group 22 for such Distribution Date, in the following order of priority;sequentially as follows: (A) firstconcurrently, to the Class 2-A-4A-1, the Group 2 Priority Amount, until its Class Principal Balance is reduced to zero; (B) second, to the Class 2-A-1 Certificates, until its Class Principal Balance is reduced to zero; (C) third, to the Class 2-A-3 Certificates, until its Class Principal Balance is reduced to zero; (D) fourth, to the Class 2-A-2 and Class 2-A-5 A-3 Certificates, pro rata based on Class Principal Balancesrata, until their respective Class Principal Certificate Balances are reduced to zero; and (EB) fifth, to the Class 2-A-4 CertificatesX P Component, until its Class Component Principal Balance is reduced to zero;. (c3) with respect to Group 3 and the Class A-X CertificatesOn each Distribution Date, before the related Credit Support Depletion Date and Available Funds from the Available Distribution Amount relating to Loan Group 31 remaining after making the distributions described in Section 4.02(a)(1) will be distributed in the following order and priority and, subject in each case, to Section 4.01(B) belowthe extent of Available Funds for Loan Group 1 remaining: (iA) first, concurrently, to the Group 3 Certificates and the Class A1-X M-1 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Group 3 Certificates entitled to principal, the Senior Distribution Amount for Loan Group 3 to the Class 3-A-1 and Class 3-A-3 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (d) with respect to the Group 4 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below: (i) first, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; and (ii) second, to the Class 4-A-2 and Class 4-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 4, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (e) with respect to the Group 5 and Class C-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 5, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to the Class 5-A-2 and Class 5-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 5, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (f) with respect to the Group C-B, Class AR and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5 remaining after giving effect to the distributions pursuant to Section 4.01(A)(a), (b), (c), (d) and (e) above, subject to Sections 4.01(B) and 4.01(C) below, and further subject to any payments to the Group 1, Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06: (i) first, to the Class C-B-1 Certificates, an amount allocable to interest equal to the Optimal Interest Distribution Amount for such Class for such Distribution Date; (iiB) second, to the Class 1-M-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date until the Class Certificate Balance thereof is reduced to zero; (C) to the Class 1-M-2 Certificates, an amount allocable to interest equal to the Class Optimal Interest Distribution Amount for such Class for such Distribution Date; (D) to the Class 1-M-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date until the Class Certificate Balance thereof is reduced to zero; (E) to the Class 1-M-3 Certificates, an amount allocable to interest equal to the Class Optimal Interest Distribution Amount for such Class for such Distribution Date; (F) to the Class 1-M-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date until the Class Certificate Balance thereof is reduced to zero; (G) to the Class 1-M-4 Certificates, an amount allocable to interest equal to the Class Optimal Interest Distribution Amount for such Class for such Distribution Date; (H) to the Class 1-M-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date until the Class Certificate Balance thereof is reduced to zero; (I) to the Class 1-M-5 Certificates, an amount allocable to interest equal to the Class Optimal Interest Distribution Amount for such Class for such Distribution Date; (J) to the Class 1-M-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date until the Class Certificate Balance thereof is reduced to zero; (K) to the Class 1-M-6 Certificates, an amount allocable to interest equal to the Class Optimal Interest Distribution Amount for such Class for such Distribution Date; (L) to the Class 1-M-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date until the Class Certificate Balance thereof is reduced to zero; (M) to the Class 1-B-1 Certificates, an amount allocable to interest equal to the Class Optimal Interest Distribution Amount for such Class for such Distribution Date; (N) to the Class 1-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its the Class Principal Certificate Balance thereof is reduced to zero; (iiiO) third, to the Class C1-B-2 Certificates, an amount allocable to interest equal to the Class Optimal Interest Distribution Amount for such Class for such Distribution Date; (ivP) fourth, to the Class C1-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its the Class Principal Certificate Balance thereof is reduced to zero; (vQ) fifth, to the Class C1-B-3 Certificates, an amount allocable to interest equal to the Class Optimal Interest Distribution Amount for such Class for such Distribution Date; (viR) sixth, to the Class C1-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its the Class Principal Certificate Balance thereof is reduced to zero; (viiS) seventh, to the Class C1-B-4 Certificates, an amount allocable to interest equal to the Class Optimal Interest Distribution Amount for such Class for such Distribution Date; (viiiT) eighth, to the Class C1-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its the Class Principal Certificate Balance thereof is reduced to zero; (ixU) ninth, to the Class C1-B-5 Certificates, an amount allocable to interest equal to the Class Optimal Interest Distribution Amount for such Class for such Distribution Date; (xV) tenth, to the Class C1-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its the Class Principal Certificate Balance thereof is reduced to zero;; and (xiW) eleventhto the Class A-R Certificates, any remaining funds from Loan Group 1. (4) On each Distribution Date, Available Funds from Loan Group 2 remaining after making the distributions described in Section 4.02(a)(2) will be distributed to the related Subordinated Certificates and the Class A-R Certificates in the following order and priority and, in each case, to the extent of such funds remaining: (A) to the Class C2-B-6 M-1 Certificates, an amount allocable to interest equal to the Class Optimal Interest Distribution Amount for such Class for such Distribution Date; (xiiB) twelfth, to the Class C2-B-6 M-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its the Class Principal Certificate Balance thereof is reduced to zero; (xiiiC) thirteenth, to the Class C2-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates, in that order, up to an amount of Net Realized Losses for such Class, if any; provided, however, that any amounts distributed pursuant to this Section 4.01(A)(f)(xiii) will not cause a further reduction in the Class Principal Balances of any of the Group C-B Certificates; and (xiv) fourteenth, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1 Certificates as follows: (i) first, concurrently, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 1 Certificates entitled to principal, pro rata based on Class Principal Balances, as principal, the Senior Principal Distribution Amount for Loan Group 1, until their respective Class Principal Balances are reduced to zero; and (iii) third, after any payments to the Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (h) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 2 and Class A-X B-1 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of for such shortfall; provided, that Class for the purposes of distributions such Distribution Date; (D) to the Class A2-X Certificates pursuant B-1 Certificates, an amount allocable to this Section 4.01(A)(h)(i), only the portion of principal equal to its Pro Rata Share for such Distribution Date until the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 2 Certificates, as principal, the Senior Principal Distribution Amount for Loan Group 2, pro rata based on Class Principal Balances, until their respective Class Principal Certificate Balance thereof is reduced to zero; and; (iiiE) third, after any payments to the Group 1, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR2-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (i) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 3 will be made with respect to the Group 3, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 3 and Class A-X B-2 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of for such shortfall; provided, that Class for the purposes of distributions such Distribution Date; (F) to the Class A2-X Certificates pursuant B-2 Certificates, an amount allocable to this Section 4.01(A)(i)(i), only the portion of principal equal to its Pro Rata Share for such Distribution Date until the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 3 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 3, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances Certificate Balance thereof is reduced to zero; and; (iiiG) third, after any payments to the Group 1, Group 2, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR2-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (j) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 4 will be made with respect to the Group 4, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 4 B-3 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of for such shortfallClass for such Distribution Date; (iiH) second, to the Group 4 Certificates entitled Class 2-B-3 Certificates, an amount allocable to principal, principal equal to its Pro Rata Share for such Distribution Date until the Senior Principal Distribution Amount for Loan Group 4, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances Certificate Balance thereof is reduced to zero; and; (iiiI) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR2-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (k) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will be made with respect to the Group 5, Class C-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 5 and Class C-X B-4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of for such shortfallClass for such Distribution Date; (iiJ) second, to the Group 5 Certificates entitled Class 2-B-4 Certificates, an amount allocable to principal, principal equal to its Pro Rata Share for such Distribution Date until the Senior Principal Distribution Amount for Loan Group 5, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances Certificate Balance thereof is reduced to zero; (K) to the Class 2-B-5 Certificates, an amount allocable to interest equal to the Class Optimal Interest Distribution Amount for such Class for such Distribution Date; and (iiiL) third, after any payments to the Group 1Class 2-B-5 Certificates, Group 2, Group 3 and Group 4 Certificates pursuant an amount allocable to Section 4.06principal equal to its Pro Rata Share for such Distribution Date until the Class Certificate Balance thereof is reduced to zero. (M) to the Class A-R Certificates, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC funds from Loan Group 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC);. (Bb) [Reserved]. (c) [Reserved]. (d) On each Distribution Date, the amount referred to in clause (i) of the definition of Class Optimal Interest Distribution Amount for each Class of Certificates or Component thereof for such Distribution Date shall be reduced by (i) the related Class' pro rata share of Net Prepayment Interest Shortfalls for the related Loan Group based on the related Class Optimal Interest Distribution Amount for such Distribution Date for each Class Date, in the absence of Group 1, Group 2, Group 3, Group 4, Group 5, Group C-B, Class A-X and Class C-X Certificates shall be reduced by the Trust Administrator by, the related Class’s pro rata share (based on the amount of the Interest Distribution Amount for each such Class before reduction pursuant to this Section 4.01(B)) of (i) Net Prepayment Interest Shortfalls experienced by the Mortgage Loans in a related Loan Group for such Distribution Date; and (ii) the related Class' Allocable Share of (A) after the related Special Hazard Coverage Termination Date, with respect to each Mortgage Loan in a the related Loan Group that became subject to a Special Hazard Mortgage Loan Debt Service Reduction during the prior calendar monthmonth preceding the month of such Distribution Date, the excess interest portion of one month’s interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, Debt Service Reduction and (B) after each Relief Act Reduction for the Mortgage Loans in the related Bankruptcy Coverage Termination Loan Group incurred during the calendar month preceding the month of such Distribution Date. (e) Notwithstanding the priority and allocation contained in Section 4.02(a)(3) or Section 4.02(a)(4), if, on any Distribution Date, with respect to any Class of Subordinated Certificates in a Certificate Group (other than the Class of Subordinated Certificates in a Certificate Group then outstanding with the highest priority of distribution), the sum of the related Class Subordination Percentages of such Class and of all related Classes of Subordinated Certificates which have a higher numerical Class designation than such Class (the "Applicable Credit Support Percentage") is less than the Original Applicable Credit Support Percentage for such Class, no distribution of the Net Principal Prepayment Amount for the related Loan Group will be made to any such Classes (the "Restricted Classes") and the Net Principal Prepayment Amount from the related Loan Group otherwise distributable to the Restricted Classes shall be distributed to any Classes of Subordinated Certificates in the related Certificate Group having lower numerical Class designations than such Class, pro rata, based on their respective Class Certificate Balances immediately prior to such Distribution Date and shall be distributed in the sequential order provided in Section 4.02(a)(3) or Section 4.02(a)(4), as applicable. (f) If Subsequent Recoveries have been received with respect to a Liquidated Mortgage Loan in a Loan Group, the amount of such Subsequent Recoveries will be applied sequentially, in the order of payment priority, to increase the Class Certificate Balance or Component Principal Balance of each MortgagClass of Certificates or Component thereof related to that Loan Group to which Realized Losses have been allocated, but in each case by not more than the amount of Realized Losses previously allocated to that Class of Certificates or Component pursuant to Section 4.04. Holders of such Certificates will not be entitled to any payment in respect of the Class Optimal Interest Distribution Amount on the amount of such increases for any Interest Accrual Period preceding the Distribution Date on which such increase occurs. Any such increases shall be applied pro rata to the Certificate Balance or Component Balance of each Certificate of such Class or Component thereof.

Priorities of Distribution. (A) On each Distribution Date, with respect to the Group 1, Group 2, Group 3, Group 4 and Class C-B Certificates, the Trust Administrator shall determine the amounts to be distributed to each Class of Certificates as follows: (a) with respect to the Group 1 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 1, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 1 Certificates entitled to interestCertificates, an amount allocable to interest equal to the related Interest Distribution Amount; Amount for such Distribution Date, any shortfall being allocated pro rata among between such Classes in proportion to the amount of based on the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to on each Distribution Date, from the Group 1 Certificates entitled to principal, the Senior Principal Available Distribution Amount for Loan Group 11 remaining after giving effect to the distributions pursuant to Section 4.01(I)(A)(a)(i) above, in the following order of priority;Group 1 Senior Principal Distribution Amount, as principal, sequentially, as follows: (A) first, to the Class AR and Class AR-L Certificates, pro rata based on their respective Class Principal BalancesBalances immediately prior to such Distribution Date, until their respective Class Principal Balances are have been reduced to zero;; and (B) second, the Group 1 Senior Principal Distribution Amount for that Distribution Date remaining after making the payments specified in clause (A) above, to the Class 1-A-1, Class 1-A-2, Class 1-A-3 A-1 and Class 1-A-6 A-2 Certificates, pro rata based on their respective Class Principal BalancesBalances immediately prior to such Distribution Date, until their respective Class Principal Balances are have been reduced to zero; (b) with respect to the Group 2 and Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; Amount for such Distribution Date, any shortfall being allocated pro rata among between such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided however, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(b)(i), only a portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Amount for any Distribution Date on or before the Class 2-A-2/2-A-5 Accretion Termination Date will instead be distributed in accordance with the Class 2-A-2/2-A-5 Accretion Direction Rule; and (ii) second, to the Group 2 Certificates, the Senior Principal Distribution Amount for Loan Group 2, in the following order of priority; (A) first, to the Class 2-A-4, the Group 2 Priority Amount, until its Class Principal Balance is reduced to zero; (B) second, to the Class 2-A-1 Certificates, until its Class Principal Balance is reduced to zero; (C) third, to the Class 2-A-3 Certificates, until its Class Principal Balance is reduced to zero; (D) fourth, to the Class 2-A-2 and Class 2-A-5 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; and (E) fifth, to the Class 2-A-4 Certificates, until its Class Principal Balance is reduced to zero; (c) with respect to Group 3 and the Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 3, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 3 Certificates and the Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Group 3 Certificates entitled to principal, the Senior Distribution Amount for Loan Group 3 to the Class 3-A-1 and Class 3-A-3 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (d) with respect to the Group 4 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below: (i) first, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; and (ii) second, to the Class 4-A-2 and Class 4-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 4, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (e) with respect to the Group 5 and Class C-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 5, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to on each Distribution Date, from the Class 5-A-2 and Class 5-A-3 Certificates, the Senior Principal Available Distribution Amount for Loan Group 52 remaining after giving effect to the distributions pursuant to Section 4.01(I)(A)(b)(i) above, to the Class 2-A-1 and Class 2-A-2 Certificates, as principal, the Group 2 Senior Principal Distribution Amount, pro rata -106- based on their respective Class Principal BalancesBalances immediately prior to such Distribution Date, until their respective Class Principal Balances are have been reduced to zero;. (fc) with respect to the Group 3 Certificates, and from the Available Distribution Amount relating to Loan Group 3: (i) first, to the Group 3 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount for such Distribution Date; and (ii) second, on each Distribution Date, from the Available Distribution Amount for Loan Group 3 remaining after giving effect to the distributions pursuant to Section 4.01(I)(A)(c)(i) above, to the Class 3-A-1 and Class 3-A-2 Certificates, as principal, the Group 3 Senior Principal Distribution Amount, pro rata based on their respective Class Principal Balances immediately prior to such Distribution Date, until their respective Class Principal Balances have been reduced to zero. (d) with respect to the Group 4 Certificates, and from the Available Distribution Amount relating to Loan Group 4: (i) first, concurrently, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount for such Distribution Date, any shortfall being allocated pro rata between such Classes based on the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, on each Distribution Date, from the Available Distribution Amount for Loan Group 4 remaining after giving effect to the distributions pursuant to Section 4.01(I)(A)(d)(i) above, to the Class 4-A-1 and Class 4-A-2 Certificates, as principal, the Group 4 Senior Principal Distribution Amount, pro rata based on their respective Class Principal Balances immediately prior to such Distribution Date, until their respective Class Principal Balances have been reduced to zero. (e) with respect to the Class C-B, Class AR B and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to Loan Group 1, Loan Group 2, Loan Group 3, 3 and Loan Group 4 and Loan Group 5 remaining after giving effect to the distributions pursuant to Section 4.01(A)(a), (b), (c), Sections 4.01(I)(A)(a) through (d) and (e) above, subject to Sections 4.01(B) and 4.01(C4.01(I)(C) below, and further subject to any payments to the Group 1, Group 2, Group 3, 3 and Group 4 and Group 5 Certificates pursuant as described in Section 4.07, to Section 4.06the following Classes in the following order of priority: (i) first, to the Class C-B-1 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (ii) second, to the Class C-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-1 Certificates has been reduced to zero; (iii) third, to the Class C-B-2 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (iv) fourth, to the Class C-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-2 Certificates has been reduced to zero; (v) fifth, to the Class C-B-3 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (vi) sixth, to the Class C-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-3 Certificates has been reduced to zero; (vii) seventh, to the Class C-B-4 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (viii) eighth, to the Class C-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-4 Certificates has been reduced to zero; (ix) ninth, to the Class C-B-5 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (x) tenth, to the Class C-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-5 Certificates has been reduced to zero; (xi) eleventh, to the Class C-B-6 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xii) twelfth, to the Class C-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-6 Certificates has been reduced to zero; (xiii) thirteenth, to the Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates, in that order, up to an amount of Net Realized Losses for such Class, if any; provided, however, that any amounts distributed distribution pursuant to this Section 4.01(A)(f)(xiii4.01(I)(A)(e)(xiii) will shall not cause result in a further reduction in of the Class Principal Balances Balance of any of the Group Class C-B Certificates; and (xiv) fourteenth, any remaining Available Distribution Amount, to the Class AR-L Certificates Certificates, any remaining Available Distribution Amount for Loan Group 1, Loan Group 2, Loan Group 3 and Loan Group 4, (to the extent that such amount is held by Subsidiary REMIC 1I), or to the Class AR Certificates (to the extent that such amount is held by Certificates, any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or after the related Credit Support Depletion Date, distributions of the remaining Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1 Certificates as follows: (i) first, concurrently, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 1 Certificates entitled to principal, pro rata based on Class Principal Balances, as principal, the Senior Principal Distribution Amount for Loan Group 1, until their respective Class Principal Balances are reduced to zero; and (iii) third, after any payments to the Loan Group 2, Loan Group 3, 3 and Loan Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1III), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (h) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(h)(i), only the portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 2 Certificates, as principal, the Senior Principal Distribution Amount for Loan Group 2, pro rata based on Class Principal Balances, until their respective Class Principal Balance is reduced to zero; and (iii) third, after any payments to the Group 1, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (i) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 3 will be made with respect to the Group 3, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 3 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(i)(i), only the portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 3 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 3, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (j) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 4 will be made with respect to the Group 4, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 4 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 4, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (k) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will be made with respect to the Group 5, Class C-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 5 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 5, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC);. (B) On each Distribution Date, the amount referred to in clause (i) of the definition of Interest Distribution Amount for such Distribution Date for each Class of Group 1, Group 2, Group 3, Group 4, Group 5, Group C-B, Class A-X 4 and Class C-X B Certificates shall be reduced by the Trust Administrator by, by the related Class’s pro rata share (based on the amount of the Interest Distribution Amount for each such Class before reduction pursuant to this Section 4.01(B4.01(I)(B)) of (i) Net Prepayment Interest Shortfalls experienced by the for Mortgage Loans in a the related Loan Group for such Distribution Date; Date and (ii) (A) after the related Special Hazard Coverage Termination Date, with respect to each Group 1, Group 2, Group 3 and Group 4 Mortgage Loan in a related Loan Group Loan, as applicable, that became a was the subject of Special Hazard Mortgage Loan Loss during the prior calendar month, the excess of one month’s interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, (B) after the related Bankruptcy Coverage Termination Date, with respect to each MortgagGroup 1, Group 2, Group 3 or Group 4 Mortgage Loan, as applicable, that became subject to a Bankruptcy Loss during the prior calendar month, the interest portion of the related Debt Service Reduction or Deficient Valuation, (C) each Relief Act Reduction for any Group 1, Group 2, Group 3 or Group 4 Mortgage Loan, as applicable, incurred during the prior calendar month and (D) after the Fraud Loss Coverage Termination Date, with respect to each Group 1, Group 2, Group 3 or Group 4 Mortgage Loan, as applicable, that became a Fraud Loan during the prior calendar month the excess of one month’s interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month. For purposes of calculating the reduction of the Interest Distribution Amount for each Class of Class C-B Certificates with respect to Loan Group 1, Loan Group 2, Loan Group 3 or Loan Group 4 such reduction shall be based on the amount of interest accruing at the Net WAC Rate for such Loan Group on such Class’s proportionate share, based on the Class Principal Balance of the related Subordinate Component Balance for that Distribution Date. (C) With respect to each Class of Class C-B Certificates, if on any Distribution Date the related Subordination Level of such Class is less than such percentage as of the Closing Date, no distribution of Principal Prepayments will be made to any Class or Classes of Class C-B Certificates junior to such Class (the “Restricted Classes”) and the amount otherwise distributable to the Restricted Classes in respect of such Principal Prepayments will be allocated among the remaining Classes of Class C-B Certificates, pro rata, based upon their respective Class Principal Balances. (D) The Trust Administrator shall distribute the Mortgage Loan Purchase Price of any Optional Termination of Loan Group 1, Loan Group 2, Loan Group 3 and Loan Group 4 in excess of the Par Value to the holder of the Class AR-L Certificate. (II) With respect to the Group 5 Certificates: (a) On each Distribution Date, the Trust Administrator shall distribute the Interest Remittance Amount for such date in the following order of priority: (i) to the Group 5 Senior Certificates, pro rata based on amounts due, Current Interest and any Carryforward Interest for such Class and such Distribution Date; (ii) to the Class 5-M-1 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date; (iii) to the Class 5-M-2 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date; (iv) to the Class 5-M-3 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date; (v) to the Class 5-M-4 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date; (vi) to the Class 5-M-5 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date; and (vii) for application as part of Monthly Excess Cashflow for such Distribution Date as provided in Section 4.01(II)(d), any Interest Remittance Amount remaining for such Distribution Date. (b) On each Distribution Date (A) prior to the Stepdown Date or (B) with respect to which a Trigger Event is in effect, the Trust Administrator shall distribute the Principal Payment Amount for Loan Group 5 for such date in the following order of priority: (i) to the Class 5-A-1 Certificates and Class 5-A-2 Certificates, pro rata based on their respective Class Principal Balances immediately prior to such Distribution Date, until their respective Class Principal Balances have been reduced to zero; (ii) to the Class 5-M-1 Certificates, until its Class Principal Balance has been reduced to zero; (iii) to the Class 5-M-2 Certificates, until its Class Principal Balance has been reduced to zero; (iv) to the Class 5-M-3 Certificates, until its Class Principal Balance has been reduced to zero; (v) to the Class 5-M-4 Certificates, until its Class Principal Balance has been reduced to zero; (vi) to the Class 5-M-5 Certificates, until its Class Principal Balance has been reduced to zero; and (vii) for application as part of Monthly Excess Cashflow for such Distribution Date, as provided in Section 4.01(II)(d), any Principal Payment Amount remaining after application pursuant to Section 4.01(II)(b)(i) through (vi) above. (c) On each Distribution Date (A) on or after the Stepdown Date and (B) with respect to which a Trigger Event is not in effect, the Trust Administrator shall distribute the Principal Payment Amount for Loan Group 5 for such date in the following order of priority: (i) to the Class 5-A-1 Certificates and Class 5-A-2 Certificates, pro rata based on their respective Class Principal Balances immediately prior to such Distribution Date, the sum of (1) the Group 5 Senior Principal Payment Amount and (2) the component of the Principal Remittance Amount representing payments, if any, under the Group 5 Interest Rate Cap Agreement to cover Realized Losses on the Group 5 Mortgage Loans, until their respective Class Principal Balances have been reduced to zero; (ii) to the Class 5-M-1 Certificates, the Class 5-M-1 Principal Payment Amount for such Distribution Date, until its Class Principal Balance has been reduced to zero; (iii) to the Class 5-M-2 Certificates, the Class 5-M-2 Principal Payment Amount for such Distribution Date, until the Class Principal Balance of such Class has been reduced to zero; (iv) to the Class 5-M-3 Certificates, the Class 5-M-3 Principal Payment Amount for such Distribution Date, until the Class Principal Balance of such Class has been reduced to zero; (v) to the Class 5-M-4 Certificates, the Class 5-M-4 Principal Payment Amount for such Distribution Date, until the Class Principal Balance of such Class has been reduced to zero; (vi) to the Class 5-M-5 Certificates, the Class 5-M-5 Principal Payment Amount for such Distribution Date, until the Class Principal Balance of such Class has been reduced to zero; (vii) for application as part of Monthly Excess Cashflow for such Distribution Date, as provided in Section 4.01(II)(d), any Principal Payment Amount remaining after application pursuant to Section 4.01(II)(c)(i) through (vi) above. (d) On each Distribution Date, the Trust Administrator shall distribute the Monthly Excess Cashflow for such date in the following order of priority: (i) (A) until the aggregate Class Principal Balance of the Group 5 Certificates, other than the Class 5-X Certificates, equals the Aggregate Loan Group Balance for Loan Group 5 for such Distribution Date minus the Targeted Overcollateralization Amount for such date, on each Distribution Date (x) prior to the Stepdown Date or (y) with respect to which a Trigger Event is in effect, to the extent of Monthly Excess Interest for such Distribution Date, to the Group 5 Certificates, in the following order of priority: (1) to the Class 5-A-1 Certificates and Class 5-A-2 Certificates, pro rata based on their respective Class Principal Balances immediately prior to such Distribution Date, until their respective Class Principal Balances have been reduced to zero: (2) to the Class 5-M-1 Certificates, until its Class Principal Balance has been reduced to zero; (3) to the Class 5-M-2 Certificates, until its Class Principal Balance has been reduced to zero; (4) to the Class 5-M-3 Certificates, until its Class Principal Bala

Priorities of Distribution. (A) On each Distribution Date, with respect to the Group 1, Group 2, Group 3, Group 4 and Class C-B Certificates, the Trust Administrator shall determine the amounts to be distributed to each Class of Certificates as follows: (a) with respect to the Group 1 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 1, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 1 Certificates entitled to interestCertificates, an amount allocable to interest equal to the related Interest Distribution Amount; Amount for such Distribution Date, any shortfall being allocated pro rata among between such Classes in proportion to the amount of based on the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to on each Distribution Date, from the Group 1 Certificates entitled to principal, the Senior Principal Available Distribution Amount for Loan Group 11 remaining after giving effect to the distributions pursuant to Section 4.01(I)(A)(a)(i) above, in the following order of priority;Group 1 Senior Principal Distribution Amount, as principal, sequentially, as follows: (A) first, to the Class AR Certificates and Class AR-L Certificates, pro rata based on their respective Class Principal BalancesBalances immediately prior to such Distribution Date, until their respective Class Principal Balances are have been reduced to zero;; and (B) second, the Group 1 Senior Principal Distribution Amount for that Distribution Date remaining after making the payments specified in clause (A) above, to the Class 1-A-1, Class 1-A-2, Class 1-A-3 A-1 and Class 1-A-6 A-2 Certificates, pro rata based on their respective Class Principal BalancesBalances immediately prior to such Distribution Date, until their respective Class Principal Balances are have been reduced to zero; (b) with respect to the Group 2 and Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided however, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(b)(i), only a portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Amount for any such Distribution Date on or before the Class 2-A-2/2-A-5 Accretion Termination Date will instead be distributed in accordance with the Class 2-A-2/2-A-5 Accretion Direction RuleDate; and (ii) second, to on each Distribution Date, from the Group 2 Certificates, the Senior Principal Available Distribution Amount for Loan Group 2, in the following order of priority; (A) first, 2 remaining after giving effect to the Class 2-A-4distributions pursuant to Section 4.01(I)(A)(b)(i) above, the Group 2 Priority Senior Principal Distribution Amount, until its Class Principal Balance is reduced to zero; (B) secondas principal, to the Class 2-A-1 Certificates, until its Class Principal Balance is has been reduced to zero; (C) third, to the Class 2-A-3 Certificates, until its Class Principal Balance is reduced to zero; (D) fourth, to the Class 2-A-2 and Class 2-A-5 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; and (E) fifth, to the Class 2-A-4 Certificates, until its Class Principal Balance is reduced to zero;. (c) with respect to the Group 3 and the Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 3, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 3 Certificates and the Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; Amount for such Distribution Date, any shortfall being allocated pro rata among between such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Group 3 Certificates entitled to principal, the Senior Distribution Amount for Loan Group 3 to the Class 3-A-1 and Class 3-A-3 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (d) with respect to the Group 4 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below: (i) first, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; and (ii) second, to the Class 4-A-2 and Class 4-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 4, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (e) with respect to the Group 5 and Class C-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 5, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to on each Distribution Date, from the Class 5-A-2 and Class 5-A-3 Certificates, the Senior Principal Available Distribution Amount for Loan Group 53 remaining after giving effect to the distributions pursuant to Section 4.01(I)(A)(c)(i) above, to the Class 3-A-1 Certificates, Class 3-A-2-1 Certificates, Class 3-A-2-2 Certificates and Class 3-A-3 Certificates, as principal, the Group 3 Senior Principal Distribution Amount, pro rata based on their respective Class Principal BalancesBalances immediately prior to such Distribution Date, until their respective Class Principal Balances are have been reduced to zero;; provided, however, that the aggregate amount that would otherwise be allocable to the Class 3-A-2-1 Certificates and Class 3-A-2-2 Certificates on any Distribution Date will instead be allocated in the following order of priority: (fA) first, the lesser of (1) $600,000 and (2) 99.80% of the pro rata portion of the Group 3 Senior Principal Distribution Amount allocable to the Class 3-A-2-1 Certificates and Class 3-A-2-2 Certificates for such Distribution Date, to the Class 3-A-2-1 Certificates, until its Class Principal Balance has been reduced to zero; and (B) second, the portion of the Group 3 Senior Principal Distribution Amount allocable to the Class 3-A-2-1 Certificates and Class 3-A-2-2 Certificates for such Distribution Date remaining after giving effect to the distribution pursuant to Section 4.01(I)(A)(c)(ii)(A) above, to the Class 3-A-2-2 Certificates, until its Class Principal Balance has been reduced to zero. (d) with respect to the Group 4 Certificates, and from the Available Distribution Amount relating to Loan Group 4: (i) first, concurrently, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount for such Distribution Date, any shortfall being allocated pro rata between such Classes based on the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, on each Distribution Date, from the Available Distribution Amount for Loan Group 4 remaining after giving effect to the distributions pursuant to Section 4.01(I)(A)(d)(i) above, to the Class 4-A-1 and Class 4-A-2 Certificates, as principal, the Group 4 Senior Principal Distribution Amount, pro rata based on their respective Class Principal Balances immediately prior to such Distribution Date, until their respective Class Principal Balances have been reduced to zero. (e) with respect to the Class C-B, Class AR B and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to Loan Group 1, Loan Group 2, Loan Group 3, 3 and Loan Group 4 and Loan Group 5 remaining after giving effect to the distributions pursuant to Section 4.01(A)(a), (b), (c), Sections 4.01(I)(A)(a) through (d) and (e) above, subject to Sections 4.01(B) and 4.01(C4.01(I)(C) below, and further subject to any payments to the Group 1, Group 2, Group 3, 3 and Group 4 and Group 5 Certificates pursuant as described in Section 4.07, to Section 4.06the following Classes in the following order of priority: (i) first, to the Class C-B-1 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (ii) second, to the Class C-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-1 Certificates has been reduced to zero; (iii) third, to the Class C-B-2 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (iv) fourth, to the Class C-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-2 Certificates has been reduced to zero; (v) fifth, to the Class C-B-3 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (vi) sixth, to the Class C-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-3 Certificates has been reduced to zero; (vii) seventh, to the Class C-B-4 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; ; (viii) eighth, to the Class C-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-4 Certificates has been reduced to zero; (ix) ninth, to the Class C-B-5 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (x) tenth, to the Class C-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (xi) eleventh, to the Class C-B-6 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xii) twelfth, to the Class C-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (xiii) thirteenth, to the Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates, in that order, up to an amount of Net Realized Losses for such Class, if any; provided, however, that any amounts distributed pursuant to this Section 4.01(A)(f)(xiii) will not cause a further reduction in the Class Principal Balances of any of the Group C-B Certificates; and (xiv) fourteenth, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1 Certificates as follows: (i) first, concurrently, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 1 Certificates entitled to principal, pro rata based on Class Principal Balances, as principal, the Senior Principal Distribution Amount for Loan Group 1, until their respective Class Principal Balances are reduced to zero; and (iii) third, after any payments to the Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (h) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(h)(i), only the portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 2 Certificates, as principal, the Senior Principal Distribution Amount for Loan Group 2, pro rata based on Class Principal Balances, until their respective Class Principal Balance is reduced to zero; and (iii) third, after any payments to the Group 1, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (i) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 3 will be made with respect to the Group 3, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 3 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(i)(i), only the portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 3 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 3, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (j) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 4 will be made with respect to the Group 4, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 4 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 4, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (k) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will be made with respect to the Group 5, Class C-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 5 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 5, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (B) On each Distribution Date, the amount referred to in clause (i) of the definition of Interest Distribution Amount for such Distribution Date for each Class of Group 1, Group 2, Group 3, Group 4, Group 5, Group C-B, Class A-X and Class C-X Certificates shall be reduced by the Trust Administrator by, the related Class’s pro rata share (based on the amount of the Interest Distribution Amount for each such Class before reduction pursuant to this Section 4.01(B)) of (i) Net Prepayment Interest Shortfalls experienced by the Mortgage Loans in a related Loan Group for such Distribution Date; and (ii) (A) after the related Special Hazard Coverage Termination Date, with respect to each Mortgage Loan in a related Loan Group that became a Special Hazard Mortgage Loan during the prior calendar month, the excess of one month’s interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, (B) after the related Bankruptcy Coverage Termination Date, with respect to each Mortgag

Priorities of Distribution. (A) On each Distribution Date, with respect to the Group 1, Group 2, Group 3, Group 4, Group 5, Group 6 and Class C-B Certificates, the Trust Administrator shall determine the amounts to be distributed to each Class of Certificates as follows: (a) with respect to the Group 1 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 1, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 1 Certificates entitled to interestCertificates, an amount allocable to interest equal to the related Interest Distribution Amount; Amount for such Distribution Date, any shortfall being allocated pro rata among between such Classes in proportion to the amount of based on the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to on each Distribution Date, from the Group 1 Certificates entitled to principal, the Senior Principal Available Distribution Amount for Loan Group 11 remaining after giving effect to the distributions pursuant to Section 4.01(I)(A)(a)(i) above, in the following order of priority;Group 1 Senior Principal Distribution Amount, as principal, sequentially, as follows: (A) first, to the Class AR and Class AR-L Certificates, pro rata based on their respective Class Principal BalancesBalances immediately prior to such Distribution Date, until their respective Class Principal Balances are have been reduced to zero;; and (B) second, to the Class 1-A-1, Class 1-A-2, Class 1-A-3 A-1 and Class 1-A-6 A-2 Certificates, pro rata based on their respective Class Principal BalancesBalances immediately prior to such Distribution Date, until their respective Class Principal Balances are have been reduced to zero;. (b) with respect to the Group 2 and Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; Amount for such Distribution Date, any shortfall being allocated pro rata among between such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided however, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(b)(i), only a portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Amount for any Distribution Date on or before the Class 2-A-2/2-A-5 Accretion Termination Date will instead be distributed in accordance with the Class 2-A-2/2-A-5 Accretion Direction Rule; and (ii) second, to the Group 2 Certificates, the Senior Principal Distribution Amount for Loan Group 2, in the following order of priority; (A) first, to the Class 2-A-4, the Group 2 Priority Amount, until its Class Principal Balance is reduced to zero; (B) second, to the Class 2-A-1 Certificates, until its Class Principal Balance is reduced to zero; (C) third, to the Class 2-A-3 Certificates, until its Class Principal Balance is reduced to zero; (D) fourth, to the Class 2-A-2 and Class 2-A-5 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; and (E) fifth, to the Class 2-A-4 Certificates, until its Class Principal Balance is reduced to zero; (c) with respect to Group 3 and the Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 3, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 3 Certificates and the Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Group 3 Certificates entitled to principal, the Senior Distribution Amount for Loan Group 3 to the Class 3-A-1 and Class 3-A-3 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (d) with respect to the Group 4 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below: (i) first, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; and (ii) second, to the Class 4-A-2 and Class 4-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 4, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (e) with respect to the Group 5 and Class C-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 5, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to on each Distribution Date, from the Class 5-A-2 and Class 5-A-3 Certificates, the Senior Principal Available Distribution Amount for Loan Group 52 remaining after giving effect to the distributions pursuant to Section 4.01(I)(A)(b)(i) above, to the Class 2-A-1, Class 2-A-2-1 and Class 2-A-2-2 Certificates, as principal, the Group 2 Senior Principal Distribution Amount, pro rata based on their respective Class Principal BalancesBalances immediately prior to such Distribution Date, until their respective Class Principal Balances are have been reduced to zero;. (c) with respect to the Group 3 Certificates, and from the Available Distribution Amount relating to Loan Group 3: (i) first, concurrently, to the Group 3 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount for such Distribution Date, any shortfall being allocated pro rata between such Classes based on the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, on each Distribution Date, from the Available Distribution Amount for Loan Group 3 remaining after giving effect to the distributions pursuant to Section 4.01(I)(A)(c)(i) above, to the Class 3-A-1, Class 3-A-2-1 and Class 3-A-2-2 Certificates, as principal, the Group 3 Senior Principal Distribution Amount, pro rata based on their respective Class Principal Balances immediately prior to such Distribution Date, until their respective Class Principal Balances have been reduced to zero. (d) with respect to the Group 4 Certificates, and from the Available Distribution Amount relating to Loan Group 4: (i) first, concurrently, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount for such Distribution Date, any shortfall being allocated pro rata between such Classes based on the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, on each Distribution Date, from the Available Distribution Amount for Loan Group 4 remaining after giving effect to the distributions pursuant to Section 4.01(I)(A)(d)(i) above, to the Class 4-A-1-1, Class 4-A-1-2, Class 4-A-2-1 and Class 4-A-2-2 Certificates, as principal, the Group 4 Senior Principal Distribution Amount, pro rata based on their respective Class Principal Balances immediately prior to such Distribution Date, until their respective Class Principal Balances have been reduced to zero. (e) with respect to the Group 5 Certificates, and from the Available Distribution Amount relating to Loan Group 5: (i) first, to the Class 5-A-1 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount for such Distribution Date; and (ii) second, on each Distribution Date, from the Available Distribution Amount for Loan Group 5 remaining after giving effect to the distributions pursuant to Section 4.01(I)(A)(e)(i) above, to the Class 5-A-1 Certificates, as principal, the Group 5 Senior Principal Distribution Amount, until the Class Principal Balance of such Class is reduced to zero. (f) with respect to the Group 6 Certificates, and from the Available Distribution Amount relating to Loan Group 6: (i) first, to the Class 6-A-1 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount for such Distribution Date; and (ii) second, on each Distribution Date, from the Available Distribution Amount for Loan Group 6 remaining after giving effect to the distributions pursuant to Section 4.01(I)(A)(f)(i) above, to the Class 6-A-1 Certificates, as principal, the Group 6 Senior Principal Distribution Amount, until the Class Principal Balance of such Class is reduced to zero. (g) with respect to the Class C-B, Class AR B and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 4, Loan Group 5 and Loan Group 5 6 remaining after giving effect to the distributions pursuant to Section 4.01(A)(a), Sections 4.01(I)(A)(a) through (b), (c), (d) and (ef) above, subject to Sections 4.01(B) and 4.01(C4.01(I)(C) below, and further subject to any payments to the Group 1, Group 2, Group 3, Group 4 4, Group 5 and Group 5 6 Certificates pursuant as described in Section 4.07, to Section 4.06the following Classes in the following order of priority: (i) first, to the Class C-B-1 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (ii) second, to the Class C-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-1 Certificates has been reduced to zero; (iii) third, to the Class C-B-2 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (iv) fourth, to the Class C-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-2 Certificates has been reduced to zero; (v) fifth, to the Class C-B-3 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (vi) sixth, to the Class C-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-3 Certificates has been reduced to zero; (vii) seventh, to the Class C-B-4 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (viii) eighth, to the Class C-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-4 Certificates has been reduced to zero; (ix) ninth, to the Class C-B-5 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (x) tenth, to the Class C-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-5 Certificates has been reduced to zero; (xi) eleventh, to the Class C-B-6 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xii) twelfth, to the Class C-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-6 Certificates has been reduced to zero; (xiii) thirteenthto the Class C-B-7 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xiv) to the Class C-B-7 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until the Class Principal Balance of Class C-B-7 Certificates has been reduced to zero; (xv) to the Class C-B-8 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xvi) to the Class C-B-8 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until the Class Principal Balance of Class C-B-8 Certificates has been reduced to zero; (xvii) to the Class C-B-9 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xviii) to the Class C-B-9 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until the Class Principal Balance of Class C-B-9 Certificates has been reduced to zero; (xix) to the Class C-B-10 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xx) to the Class C-B-10 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until the Class Principal Balance of Class C-B-10 Certificates has been reduced to zero; (xxi) to the Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 B-5, Class C-B-6, Class C-B-7, Class C-B-8, Class C-B-9 and Class C-B-6 B-10 Certificates, in that order, up to an amount of Net Realized Losses for such Class, if any; provided, however, that any amounts distributed distribution pursuant to this Section 4.01(A)(f)(xiii4.01(I)(A)(g)(xxi) will shall not cause result in a further reduction in of the Class Principal Balances Balance of any of the Group Class C-B Certificates; and (xivxxii) fourteenth, any remaining Available Distribution Amount, to the Class AR-L Certificates Certificates, any remaining Available Distribution Amount for Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4, Loan Group 5 and Loan Group 6 (to the extent that such amount is held by Subsidiary REMIC 1I or REMIC II), or to the Class AR Certificates (to the extent that such amount is held by Certificates, any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or after the related Credit Support Depletion Date, distributions of the remaining Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1 Certificates as follows: (i) first, concurrently, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 1 Certificates entitled to principal, pro rata based on Class Principal Balances, as principal, the Senior Principal Distribution Amount for Loan Group 1, until their respective Class Principal Balances are reduced to zero; and (iii) third, after any payments to the Loan Group 2, Loan Group 3, Loan Group 4 and 4, Loan Group 5 Certificates pursuant to Section 4.06, to the Class AR-L Certificates and Loan Group 6 (to the extent that such amount is held by Subsidiary REMIC 1III or REMIC IV), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (h) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(h)(i), only the portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 2 Certificates, as principal, the Senior Principal Distribution Amount for Loan Group 2, pro rata based on Class Principal Balances, until their respective Class Principal Balance is reduced to zero; and (iii) third, after any payments to the Group 1, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (i) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 3 will be made with respect to the Group 3, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 3 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(i)(i), only the portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 3 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 3, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (j) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 4 will be made with respect to the Group 4, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 4 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 4, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (k) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will be made with respect to the Group 5, Class C-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 5 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 5, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC);. (B) On each Distribution Date, the amount referred to in clause (i) of the definition of Interest Distribution Amount for such Distribution Date for each Class of Group 1, Group 2, Group 3, Group 4, Group 5, Group C-B, Class A-X 6 and Class C-X B Certificates shall be reduced by the Trust Administrator by, by the related Class’s ’ pro rata share (based on the amount of the Interest Distribution Amount for each such Class before reduction pursuant to this Section 4.01(B4.01(I)(B)) of (i) Net Prepayment Interest Shortfalls experienced by the for Mortgage Loans in a the related Loan Group for such Distribution Date; and (ii) (A) after the related Special Hazard Coverage Termination Date, with respect to each Group 1, Group 2, Group 3, Group 4, Group 5 or Group 6 Mortgage Loan in a related Loan Group Loan, as applicable, that became a was the subject of Special Hazard Mortgage Loan Loss during the prior calendar month, the excess of one month’s interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, (B) after the related Bankruptcy Coverage Termination Date, with respect to each MortgagGroup 1, Group 2, Group 3, Group 4, Group 5 or Group 6 Mortgage Loan, as applicable, that became subject to a Bankruptcy Loss during the prior calendar month, the interest portion of the related Debt Service Reduction or Deficient Valuation, (C) each Relief Act Reduction for any Group 1, Group 2, Group 3, Group 4, Group 5 or Group 6 Mortgage Loan, as applicable, incurred during the prior calendar month and (D) after the Fraud Loss Coverage Termination Date, with respect to each Group 1, Group 2, Group 3, Group 4, Group 5 or Group 6 Mortgage Loan, as applicable, that became a Fraud Loan during the prior calendar month the excess of one month’s interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month. For purposes of calculating the reduction of the Interest Distribution Amount for each Class of Class C-B Certificates with respect to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4, Loan Group 5 or Loan Group 6 such reduction shall be based on the amount of interest accruing at the Net WAC Rate for such Loan Group on such Class’ proportionate share, based on the Class Principal Balance of the related Subordinate Component Balance for that Distribution Date. (C) With respect to each Class of Class C-B Certificates, if on any Distribution Date the related Subordination Level of such Class is less than such percentage as of the Closing Date, no distribution of Principal Prepayments will be made to any Class or Classes of Class C-B Certificates junior to such Class (the “Restricted Classes”) and the amount otherwise distributable to the Restricted Classes in respect of such Principal Prepayments will be allocated among the remaining Classes of Class C-B Certificates, pro rata, based upon their respective Class Principal Balances. (D) The Trust Administrator shall distribute the Mortgage Loan Purchase Price of any Optional Termination of Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4, Loan Group 5 and Loan Group 6 in excess of the Par Value to the holder of the Class AR-L Certificate. (II) With respect to the Group 7 Certificates: (a) On each Distribution Date, the Trust Administrator shall distribute the Interest Remittance Amount for such date in the following order of priority: (i) from the Interest Remittance Amount for Loan Group 7A and Loan Group 7B, to the Group 7 Senior Certificates, pro rata based on amounts due, Current Interest and any Carryforward Interest for such Class and such Distribution Date, applied to the Group 7 Senior Certificates as follows: (1) amounts distributed to the Group 7A Senior Certificates will reduce the Interest Remittance Amount for Loan Group 7A before any reduction to the Interest Remittance Amounts for Loan Group 7B in respect of such distribution; and (2) amounts distributed to the Group 7B Senior Certificates will reduce the Interest Remittance Amount for Loan Group 7B before any reduction to the Interest Remittance Amounts for Loan Group 7A in respect of such distribution; (ii) first, from the Interest Remittance Amount for Loan Group 7B and then from the Interest Remittance Amount for Loan Group 7A, to the Class 7-M-1 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date; (iii) first, from the Interest Remittance Amount for Loan Group 7B and then from the Interest Remittance Amount for Loan Group 7A, to the Class 7-M-2 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date; (iv) first, from the Interest Remittance Amount for Loan Group 7B and then from the Interest Remittance Amount for Loan Group 7A, to the Class 7-M-3 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date; (v) first, from the Interest Remittance Amount for Loan Group 7B and then from the Interest Remittance Amount for Loan Group 7A, to the Class 7-M-4 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date; and (vi) for application as part of Monthly Excess Cashflow for such Distribution Date as provided in Section 4.01(II)(d), any Interest Remittance Amount remaining for such Distribution Date. (b) On each Distribution Date (A) prior to the Stepdown Date or (B) with respect to which a Trigger Event is in effect, the Trust Adminis

Priorities of Distribution. (A) On each Distribution Date, the Trust Administrator shall determine the amounts to be distributed to each Class of Certificates as follows: (a) with respect to the Group 1 1, Class D-X and Class A-P Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 1, subject to Section 4.01(B) below: (i) first, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to the Group 1 Certificates entitled to principalClass A-P Certificates, the Senior Class P Principal Distribution Amount for Loan Group 1, in the following order of priority; (A) first, to the Class AR and Class AR-L Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (B) second, to the Class 1-A-1, Class 1-A-2, Class 1-A-3 and Class 1-A-6 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (b) with respect to the Group 2 and Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided however, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(b)(i), only a portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Amount for any Distribution Date on or before the Class 2-A-2/2-A-5 Accretion Termination Date will instead be distributed in accordance with the Class 2-A-2/2-A-5 Accretion Direction Rule; and (ii) second, to the Group 2 Certificates, the Senior Principal Distribution Amount for Loan Group 2, in the following order of priority; (A) first, to the Class 2-A-4, the Group 2 Priority Amount, until its Class Principal Balance is reduced to zero; (B) second, to the Class 2-A-1 Certificates, until its Class Principal Balance is reduced to zero; (C) third, to the Class 2-A-3 Certificates, until its Class Principal Balance is reduced to zero; (D) fourth, to the Class 2-A-2 and Class 2-A-5 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; and (E) fifth, to the Class 2-A-4 Certificates, until its Class Principal Balance is reduced to zero; (c) with respect to Group 3 and the Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 3, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 3 Certificates and the Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Group 3 Certificates entitled to principal, the Senior Distribution Amount for Loan Group 3 to the Class 3-A-1 and Class 3-A-3 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (d) with respect to the Group 4 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below: (i) first, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; and (ii) second, to the Class 4-A-2 and Class 4-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 4, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (e) with respect to the Group 5 and Class C-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 5, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to the Class 5-A-2 and Class 5-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 5, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (f) with respect to the Group C-B, Class AR and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5 remaining after giving effect to the distributions pursuant to Section 4.01(A)(a), (b), (c), (d) and (e) above, subject to Sections 4.01(B) and 4.01(C) below, and further subject to any payments to the Group 1, Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06: (i) first, to the Class C-B-1 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (ii) second, to the Class C-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (iii) third, to the Class C-B-2 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (iv) fourth, to the Class C-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (v) fifth, to the Class C-B-3 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (vi) sixth, to the Class C-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (vii) seventh, to the Class C-B-4 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (viii) eighth, to the Class C-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (ix) ninth, to the Class C-B-5 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (x) tenth, to the Class C-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (xi) eleventh, to the Class C-B-6 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xii) twelfth, to the Class C-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (xiii) thirteenth, to the Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates, in that order, up to an amount of Net Realized Losses for such Class, if any; provided, however, that any amounts distributed pursuant to this Section 4.01(A)(f)(xiii) will not cause a further reduction in the Class Principal Balances of any of the Group C-B Certificates; and (xiv) fourteenth, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1 Certificates as follows: (i) first, concurrently, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 1 Certificates entitled to principal, pro rata based on Class Principal Balances, as principal, the Senior Principal Distribution Amount for Loan Group 1, until their respective Class Principal Balances are reduced to zero; and (iii) third, after any payments to the Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (h) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 2 and Class AD-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class AD-X Certificates pursuant to this Section 4.01(A)(h)(iparagraph 4.01(A)(a)(ii), only the portion of the Class AD-X Notional Amount derived from the Group 2 1 Mortgage Loans will be used to calculate these distributions;; and (iiiii) secondthird, to the Group 2 1 Certificates, as principal, the Senior Principal Distribution Amount for Loan Group 21, in the following order of priority: (A) first, to the Class AR and Class AR-L Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balance is Balances are reduced to zero; and (iiiB) third, after any payments to the Group 1, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amountsecond, to the Class AR1-L Certificates A-1 Certificates, until its Class Principal Balance is reduced to zero; (to the extent that such amount is held by Subsidiary REMIC 1), or b) with respect to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 12-A-1, Middle REMIC 2 or the Master REMIC); (i) On or after Class D-X and Class A-P Certificates, before the related Credit Support Depletion Date, distributions of Date and from the Available Distribution Amount for relating to Loan Group 3 will be made with respect 2, subject to the Group 3, Class A-X, Class AR and Class AR-L Certificates as followsSection 4.01(B) below: (i) first, concurrentlyto the Class A-P Certificates, the Class P Principal Distribution Amount for Loan Group 2; (ii) second, to the Group 3 Class 2-A-1 and Class AD-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class AD-X Certificates pursuant to this Section 4.01(A)(i)(iparagraph 4.01(A)(b)(ii), only the portion of the Class AD-X Notional Amount derived from the Group 3 2 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 3 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 3, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR2-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (j) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 4 will be made with respect to the Group 4, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 4 A-1 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 4 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 4, as principal, pro rata based on until its Class Principal Balances, until their respective Class Principal Balances Balance is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (k) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will be made with respect to the Group 5, Class C-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 5 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 5, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (B) On each Distribution Date, the amount referred to in clause (i) of the definition of Interest Distribution Amount for such Distribution Date for each Class of Group 1, Group 2, Group 3, Group 4, Group 5, Group C-B, Class A-X and Class C-X Certificates shall be reduced by the Trust Administrator by, the related Class’s pro rata share (based on the amount of the Interest Distribution Amount for each such Class before reduction pursuant to this Section 4.01(B)) of (i) Net Prepayment Interest Shortfalls experienced by the Mortgage Loans in a related Loan Group for such Distribution Date; and (ii) (A) after the related Special Hazard Coverage Termination Date, with respect to each Mortgage Loan in a related Loan Group that became a Special Hazard Mortgage Loan during the prior calendar month, the excess of one month’s interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, (B) after the related Bankruptcy Coverage Termination Date, with respect to each Mortgag

Priorities of Distribution. (A) On each Distribution Date, with respect to the Group I, Group II, Group III, Group IV, Group V, Group VI and Group C-B Certificates, the Trust Administrator shall determine the amounts to be distributed to each Class of Certificates as follows: (a) with respect to the Group 1 I Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 1, subject to Section 4.01(B) belowI: (i) first, subject to Section 4.01(I)(B) below, concurrently, to the Group 1 I Certificates entitled to interestand the Interest Remittance Amount, an amount allocable to interest equal to the related Interest Distribution Amount, or, in the case of the Interest Remittance Amount, the Group I Excess Interest Amount for such Distribution Date, any shortfall being allocated pro rata among such Classes and the Interest Remittance Amount in proportion to the amount of the Interest Distribution Amount or Group I Excess Interest Amount, as applicable, that would have been distributed in the absence of such shortfall; and (ii) second, on each Distribution Date, from the Available Distribution Amount for Loan Group I remaining after giving effect to the distributions pursuant to Section 4.01(I)(A)(a)(i) above, to the Class I-A-1 Certificates, the Group I Senior Principal Distribution Amount, until its Class Principal Balance has been reduced to zero. (b) with respect to the Group II Certificates, and from the Available Distribution Amount relating to Loan Group II: (i) first, subject to Section 4.01(I)(B) below, concurrently, to the Group II Certificates and the Interest Remittance Amount, an amount allocable to interest equal to the related Interest Distribution Amount, or, in the case of the Interest Remittance Amount, the Group II Excess Interest Amount for such Distribution Date, any shortfall being allocated pro rata among such Classes and the Interest Remittance Amount in proportion to the amount of the Interest Distribution Amount or Group II Excess Interest Amount, as applicable, that would have been distributed in the absence of such shortfall; and (ii) second, on each Distribution Date, from the Available Distribution Amount for Loan Group II remaining after giving effect to the distributions pursuant to Section 4.01(I)(A)(b)(i) above, to the Class II-A-1 Certificates, the Group II Senior Principal Distribution Amount, until its Class Principal Balance has been reduced to zero. (c) with respect to the Group III Certificates, and from the Available Distribution Amount relating to Loan Group III: (i) first, subject to Section 4.01(I)(B) below, concurrently, to the Group III Certificates and the Interest Remittance Amount, an amount allocable to interest equal to the related Interest Distribution Amount, or, in the case of the Interest Remittance Amount, the Group III Excess Interest Amount for such Distribution Date, any shortfall being allocated pro rata among such Classes and the Interest Remittance Amount in proportion to the amount of the Interest Distribution Amount or Group III Excess Interest Amount, as applicable, that would have been distributed in the absence of such shortfall; and (ii) second, on each Distribution Date, from the Available Distribution Amount for Loan Group III remaining after giving effect to the distributions pursuant to Section 4.01(I)(A)(c)(i) above, to the Class III-A-1 Certificates, the Group III Senior Principal Distribution Amount, until its Class Principal Balance has been reduced to zero. (d) with respect to the Group IV Certificates, from the Available Distribution Amount relating to Loan Group IV: (i) first, subject to Section 4.01(I)(B) below, to the Group IV Certificates, an amount allocable to interest equal to the related Interest Distribution Amount for such Distribution Date, any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to on each Distribution Date, from the Group 1 Certificates entitled to principal, the Senior Principal Available Distribution Amount for Loan Group 1IV remaining after giving effect to the distributions pursuant to Section 4.01(I)(A)(d)(i) above, to the Group IV Certificates, the Group IV Senior Principal Distribution Amount, concurrently: (a) 64.59001622892% sequentially, to the Class IV-A-1 and Class IV-A-2 Certificates, in the following order of priority;that order, until their Class Principal Balances have been reduced to zero; and (Ab) first35.40998377108% sequentially, to the Class AR and the Class ARIV-L A-3 Certificates, pro rata based on Class Principal Balancesin that order, until their respective Class Principal Balances are have been reduced to zero;. (B) second, to the Class 1-A-1, Class 1-A-2, Class 1-A-3 and Class 1-A-6 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (be) with respect to the Group 2 and Class A-X V Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) belowV: (i) first, concurrentlysubject to Section 4.01(I)(B) below, to the Group 2 and Class A-X V Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; Amount for such Distribution Date, any shortfall being allocated pro rata among between such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided however, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(b)(i), only a portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Amount for any Distribution Date on or before the Class 2-A-2/2-A-5 Accretion Termination Date will instead be distributed in accordance with the Class 2-A-2/2-A-5 Accretion Direction Rule; and (ii) second, to on each Distribution Date, from the Group 2 Certificates, the Senior Principal Available Distribution Amount for Loan Group 2, in V remaining after giving effect to the following order of priority; (Adistributions pursuant to Section 4.01(I)(A)(e)(i) firstabove, to the Class 2V-A-4A-1 Certificates, the Group 2 Priority V Senior Principal Distribution Amount, until its Class Principal Balance is has been reduced to zero;. (B) second, to the Class 2-A-1 Certificates, until its Class Principal Balance is reduced to zero; (C) third, to the Class 2-A-3 Certificates, until its Class Principal Balance is reduced to zero; (D) fourth, to the Class 2-A-2 and Class 2-A-5 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; and (E) fifth, to the Class 2-A-4 Certificates, until its Class Principal Balance is reduced to zero; (cf) with respect to the Group 3 and the Class A-X VI Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 3, subject to Section 4.01(B) belowVI: (i) first, concurrentlysubject to Section 4.01(I)(B) below, to the Group 3 Certificates and the Class A-X VI Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Group 3 Certificates entitled to principal, the Senior Distribution Amount for Loan Group 3 to the Class 3-A-1 and Class 3-A-3 Certificatessuch Distribution Date, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (d) with respect to the Group 4 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below: (i) first, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; and (ii) second, to the Class 4-A-2 and Class 4-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 4, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (e) with respect to the Group 5 and Class C-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 5, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to on each Distribution Date, from the Class 5-A-2 and Class 5-A-3 Certificates, the Senior Principal Available Distribution Amount for Loan Group 5VI remaining after giving effect to the distributions pursuant to Section 4.01(I)(A)(f)(i) above, pro rata based on to the Group VI Certificates (other than the Class VI-X Certificates), the Group VI Senior Principal Distribution Amount, to the Class VI-A-1 until its Class Principal Balances, until their respective Class Principal Balances are Balance has been reduced to zero;. (fg) with respect to the Group C-B, B and Class AR and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to Loan Group 1I, Loan Group 2II, Loan Group 3III, Loan Group 4 IV, Loan Group V and Loan Group 5 VI remaining after giving effect to the distributions pursuant to Section 4.01(A)(aSections 4.01(I)(A)(a), (b), (c), (d), (e) and (ef) above, subject to Sections 4.01(B4.01(I)(B) and 4.01(C(C) below, and further subject to any payments to the Group 1I, Group 2II, Group 3III, Group 4 IV, Group V and Group 5 VI Certificates pursuant to as described in Section 4.06, to the following Classes in the following order of priority: (i) first, to the Class C-B-1 and Class C-B-1-X Certificates, pro rata, an amount allocable to interest equal to the Interest Distribution Amount for each such Class for such Distribution Date; (ii) second, to the Class C-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-1 Certificates has been reduced to zero; (iii) third, to the Class C-B-2 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (iv) fourth, to the Class C-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-2 Certificates has been reduced to zero; (v) fifth, to the Class C-B-3 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (vi) sixth, to the Class C-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-3 Certificates has been reduced to zero; (vii) seventh, to the Class C-B-4 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (viii) eighth, to the Class C-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-4 Certificates has been reduced to zero; (ix) ninth, to the Class C-B-5 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (x) tenth, to the Class C-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-5 Certificates has been reduced to zero; (xi) eleventh, to the Class C-B-6 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xii) twelfth, to the Class C-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-6 Certificates has been reduced to zero; (xiii) thirteenth, to the Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates, in that order, up to an amount of Net unreimbursed Realized Losses for such previously allocated to that Class, if any; provided, however, that any amounts distributed distribution pursuant to this Section 4.01(A)(f)(xiii4.01(I)(A)(c)(xiii) will shall not cause result in a further reduction in of the Class Principal Balances Balance of any of the Group C-B Certificates; and (xiv) fourteenth, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by Certificates, any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or after the related Credit Support Depletion Date, distributions of the remaining Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1 Certificates as follows: (i) firstI, concurrently, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 1 Certificates entitled to principal, pro rata based on Class Principal Balances, as principal, the Senior Principal Distribution Amount for Loan Group 1II, until their respective Class Principal Balances are reduced to zero; and (iii) third, after any payments to the Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (h) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2III, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(h)(i), only the portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 2 Certificates, as principal, the Senior Principal Distribution Amount for Loan Group 2IV, pro rata based on Class Principal Balances, until their respective Class Principal Balance is reduced to zero; and (iii) third, after any payments to the Group 1, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (i) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 3 will be made with respect to the Group 3, Class A-X, Class AR V and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 3 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(i)(i), only the portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 3 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 3, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (j) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 4 will be made with respect to the Group 4, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 4 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 4, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (k) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will be made with respect to the Group 5, Class C-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 5 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 5, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC);VI. (B) On each Distribution Date, the amount referred to in clause (i) of the definition of Interest Distribution Amount for such Distribution Date for each Class of Group 1I, Group 2II, Group 3III, Group 4IV, Group 5V, Group VI and Group C-BB Certificates and for each of the Group I, Class A-X Group II and Class C-X Certificates Group III Excess Interest Amounts shall be reduced by the Trust Administrator by, by the related Class’s ’ or Excess Interest Amounts’ pro rata share (based on the amount of the Interest Distribution Amount for each such Class or Excess Interest Amount before reduction pursuant to this Section 4.01(B4.01(I)(B)) of (i) Net Prepayment Interest Shortfalls experienced by the for Mortgage Loans in a the related Loan Group for such Distribution Date; and (ii) (A) after the related Special Hazard Coverage Termination Date, with respect to each Group I, Group II, Group III, Group IV, Group V or Group VI Mortgage Loan in a related Loan Group Loan, as applicable, that became a was the subject of Special Hazard Mortgage Loan Loss during the prior calendar monthrelated Prepayment Period, the excess of one month’s interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, (B) after the related Bankruptcy Coverage Termination Date, with respect to each MortgagGroup I, Group II, Group III, Group IV, Group V or Group VI Mortgage Loan, as applicable, that became subject to a Bankruptcy Loss during the related Prepayment Period, the interest portion of the related Debt Service Reduction or Deficient Valuation, (C) each Relief Act Reduction for any Group I, Group II, Group III, Group IV, Group V or Group VI Mortgage Loan, as applicable, incurred during the related Prepayment Period and (D) after the Fraud Loss Coverage Termination Date, with respect to each Group I, Group II, Group III, Group IV, Group V or Group VI Mortgage Loan, as applicable, that became a Fraud Loan during the related Prepayment Period the excess of one month’s interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month. For purposes of calculating the reduction of the Interest Distribution Amount for each Class of Group C-B Certificates with respect to Loan Group I, Loan Group II, Loan Group III, Loan Group IV, Loan Group V or Loan Group VI such reduction shall be based on the amount of interest accruing at the Net WAC Rate for such Loan Group on such Class’ proportionate share, based on the Class Principal Balance of the related Subordinate Component Balance for that Distribution Date. (C) With respect to each Class of Group C-B Certificates, other than the Class C-B-1-X Certificates, if on any Distribution Date the related Subordination Level of such Class is less than such percentage as of the Closing Date, no distribution of Principal Prepayments will be made to any Class or Classes of Group C-B Certificates junior to such Class (the “Restricted Classes”) and the amount otherwise distributable to the Restricted Classes in respect of such Principal Prepayments will be allocated among the remaining Classes of Group C-B Certificates, pro rata, based upon their respective Class Principal Balances. (II) With respect to the Group VII Certificates: (a) On each Distribution Date, the Trust Administrator shall distribute the Interest Remittance Amount for such date in the following order of priority: (i) to the Class VII-A-1 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date; (ii) to the Class VII-M 1 Certificates, Current Interest for such Class and such Distribution Date; (iii) to the Class VII-M 2 Certificates, Current Interest for such Class and such Distribution Date; and (iv) for application as part of Monthly Excess Cashflow for such Distribution Date as provided in Section 4.01(II)(d), any Interest Remittance Amount remaining for such Distribution Date. (b) On each Distribution Date (A) prior to the Stepdown Date or (B) with respect to which a Trigger Event is in effect, the Trust Administrator shall distribute the Principal Payment Amount for Loan Group VII for such date in the following order of priority: (i) to the Class VII-A-1 Certificates, until the Class Principal Balance of such Class has been reduced to zero; (ii) to the Class VII-M 1 Certificates, until the Class Principal Balance of such Class has been reduced to zero; (iii) to the Class VII-M 2 Certificates, until the Class Principal Balance of such Class has been reduced to zero; and (iv) for application as part of Monthly Excess Cashflow for such Distribution Date, as provided in Section 4.01(II)(d), any Principal Payment Amount remaining after application pursuant to Section 4.01(II)(b)(i) through (iii) above. (c) On each Distribution Date (A) on or after the Stepdown Date and (B) with respect to which a Trigger Event is not in effect, the Trust Administrator shall distribute the Principal Payment Amount for Loan Group VII for such date in the following order of priority: (i) to the Class VII-A-1 Certificates, the Group VII Senior Principal Payment Amount, until the Class Principal Balance of such Class has been reduced to zero; (ii) to the Class VII-M 1 Certificates, the Class VII-M-1 Principal Payment Amount for such Distribution Date, until the Class Principal Balance of such Class has been reduced to zero; (iii) to the Class VII-M 2 Certificates, the Class VII-M-2 Principal Payment Amount for such Distribution Date, until the Class Principal Balance of such Class has been reduced to zero; and (iv) for application as part of Monthly Excess Cashflow for such Distribution Date, as provided in Section 4.01(II)(d), any Principal Payment Amount remaining after application pursuant to Section 4.01(II)(c)(i) though (iii) above. (d) On each Distribution Date, the Trust Administrator shall distribute the Monthly Excess Cashflow for such date in the following order of priority: (A) until the aggregate Class Principal Balance of the Group VII Certificates, other than the Class VII-X Certificates, equals the Aggregate Loan Group Balance of Loan Group VII for such Distribution Date minus the Targeted Overcollateralization Amount for such date, on each Distribution Date (x) prior to the Stepdown Date or (y) with respect to which a Trigger Event is in effect, to the extent of Monthly Excess Interest for such Distribution Date, to the Group VII Certificates, in the following order of priority: 1. to the Class VII-A-1 Certificates, u

Priorities of Distribution. (A) On each Distribution Date, the Trust Administrator Trustee shall determine withdraw from the amounts to be distributed to each Class of Certificates as follows: (a) with respect to the Group 1 Certificates, before the related Credit Support Depletion Date and from Distribution Account the Available Distribution Amount relating to Loan Group 1, subject to Section 4.01(B) below: (i) first, to the Group 1 Certificates entitled to interest, an extent that such amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed is then on deposit in the absence of Distribution Account) and shall distribute such shortfall; and (ii) second, to the Group 1 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 1, amount in the following order of priority: (a) With respect to the portion of Available Distribution Amount for such Distribution Date consisting of the Interest Remittance Amount for such Distribution Date, on each Distribution Date, the Trustee shall withdraw the Interest Remittance Amount from the Available Distribution Amount on deposit in the Distribution Account for that Distribution Date, and apply such funds to distributions on the specified Class of Certificates that have outstanding Class Principal Balances, sequentially, as follows: first, (i) to the Class A-1 Certificates, the Class A Interest Distribution Amount for such Distribution Date and second, (ii) sequentially, to the Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3, Class B-4 and Class B-5 Certificates, in that order, their respective Subordinated Interest Distribution Amounts, in each case, to the extent of the Interest Remittance Amount remaining for such Class for such Distribution Date; (Ai) On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, the Holders of each of the Class A-1, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3, Class B-4 and Class B-5 Certificates shall be entitled to receive distributions in respect of principal from the Principal Distribution Amount, first, to the holders of (x) the Class AR A-1 Certificates in accordance, until their Class Principal Balance is reduced to zero, and then, to the holders of (y) the Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3, Class B-4 and Class AR-L B-5 Certificates, pro rata based on sequentially, in that order, until their respective Class Principal BalancesBalances are reduced to zero. (ii) On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, the Holders of the Class A-1, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3, Class B-4 and Class B-5 Certificates shall be entitled to receive distributions in respect of principal from the Principal Distribution Amount in the following amounts and order of priority: (i) to the Class A-1 Certificates, the Class A Principal Distribution Amount, until their Class Principal Balance is reduced to zero; (ii) to the Class M-1 Certificates, the Class M-1 Principal Distribution Amount, until their Class Principal Balance is reduced to zero; (iii) to the Class M-2 Certificates, the Class M-2 Principal Distribution Amount, until their Class Principal Balance is reduced to zero; (iv) to the Class M-3 Certificates, the Class M-3 Principal Distribution Amount, until their Class Principal Balance is reduced to zero; (v) to the Class B-1 Certificates, the Class B-1 Principal Distribution Amount, until their Class Principal Balance is reduced to zero; (vi) to the Class B-2 Certificates, the Class B-2 Principal Distribution Amount, until their Class Principal Balance is reduced to zero; (vii) to the Class B-3 Certificates, the Class B-3 Principal Distribution Amount, until their Class Principal Balance is reduced to zero; (viii) to the Class B-4 Certificates, the Class B-4 Principal Distribution Amount, until their Class Principal Balance is reduced to zero; (ix) to the Class B-5 Certificates, the Class B-5 Principal Distribution Amount, until their Class Principal Balance is reduced to zero; and (c) On each Distribution Date the sum of (i) the Overcollateralization Release Amount and (ii) Net Monthly Excess Cashflow, each for such Distribution Date, shall be distributed in the following order of priority, in each case to the extent of the amounts remaining: (i) the Extra Principal Distribution Amount will be distributed (a) prior to the Stepdown Date or if a Trigger Event is in effect, sequentially, first, to the holders of (x) the Class A-1 Certificates, until their Class Principal Balance is reduced to zero, and second, to the holders of (y) the Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3, Class B-4 and Class B-5 Certificates, sequentially, in that order, until their respective Class Principal Balances are reduced to zero and (b) on and after the Stepdown Date and if a Trigger Event is not in effect, sequentially, first, to the holders of (x) the Class A-1 Certificates, the amount calculated pursuant to the second bullet point of Class A Principal Distribution Amount, and second, to the holders of (y) the Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3, Class B-4 and Class B-5 Certificates, sequentially, in that order, the amount calculated pursuant to the second bullet point of Class M-1 Principal Distribution Amount, Class M-2 Principal Distribution Amount, Class M-3 Principal Distribution Amount, Class B-1 Principal Distribution Amount, Class B-2 Principal Distribution Amount, Class B-3 Principal Distribution Amount, Class B-4 Principal Distribution Amount and Class B-5 Principal Distribution Amount, respectively, in each case after application of the distributions to such Certificates on that Distribution Date pursuant to clause (b)(i) above, until their respective Class Principal Balances are reduced to zero; (Bii) second, to the Class 1-A-1, Class 1-A-2, Class 1-A-3 and Class 1-A-6 M-1 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (b) with respect to the Group 2 and Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Carry Forward Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided however, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(b)(i), only a portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Amount for any Distribution Date on or before the Class 2-A-2/2-A-5 Accretion Termination Date will instead be distributed in accordance with the Class 2-A-2/2-A-5 Accretion Direction Rule; and (ii) second, to the Group 2 Certificates, the Senior Principal Distribution Amount for Loan Group 2, in the following order of priority; (A) first, to the Class 2-A-4, the Group 2 Priority Amount, until its Class Principal Balance is reduced to zero; (B) second, to the Class 2-A-1 Certificates, until its Class Principal Balance is reduced to zero; (C) third, to the Class 2-A-3 Certificates, until its Class Principal Balance is reduced to zero; (D) fourth, to the Class 2-A-2 and Class 2-A-5 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; and (E) fifth, to the Class 2-A-4 Certificates, until its Class Principal Balance is reduced to zero; (c) with respect to Group 3 and the Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 3, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 3 Certificates and the Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Group 3 Certificates entitled to principal, the Senior Distribution Amount for Loan Group 3 to the Class 3-A-1 and Class 3-A-3 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (d) with respect to the Group 4 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below: (i) first, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; and (ii) second, to the Class 4-A-2 and Class 4-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 4, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (e) with respect to the Group 5 and Class C-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 5, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to the Class 5-A-2 and Class 5-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 5, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (f) with respect to the Group C-B, Class AR and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5 remaining after giving effect to the distributions pursuant to Section 4.01(A)(a), (b), (c), (d) and (e) above, subject to Sections 4.01(B) and 4.01(C) below, and further subject to any payments to the Group 1, Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06: (i) first, to the Class C-B-1 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (ii) second, to the Class C-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (iii) third, to the Class C-B-2 M-1 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Daterelated Unpaid Realized Loss Amount; (iv) fourth, to the Class C-B-2 M-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zerothe related Interest Carry Forward Amount; (v) fifth, to the Class C-B-3 M-2 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Daterelated Unpaid Realized Loss Amount; (vi) sixth, to the Class C-B-3 M-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zerothe related Interest Carry Forward Amount; (vii) seventh, to the Class C-B-4 M-3 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Daterelated Unpaid Realized Loss Amount; (viii) eighth, to the Class C-B-4 B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zerothe related Interest Carry Forward Amount; (ix) ninth, to the Class C-B-5 B-1 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Daterelated Unpaid Realized Loss Amount; (x) tenth, to the Class C-B-5 B-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zerothe related Interest Carry Forward Amount; (xi) eleventh, to the Class C-B-6 B-2 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Daterelated Unpaid Realized Loss Amount; (xii) twelfth, to the Class C-B-6 B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zerothe related Interest Carry Forward Amount; (xiii) thirteenthto the Class B-3 Certificates, the related Unpaid Realized Loss Amount; (xiv) to the Class B-4 Certificates, the related Interest Carry Forward Amount; (xv) to the Class B-4 Certificates, the related Unpaid Realized Loss Amount; (xvi) to the Class B-5 Certificates, the related Interest Carry Forward Amount; (xvii) to the Class B-5 Certificates, the related Unpaid Realized Loss Amount; (xviii) to the Class A-1 Certificates, any unpaid remaining Basis Risk Carry Forward Amount for such Class; (xix) sequentially, to the Class C▇-▇, ▇▇▇▇▇ ▇-▇, Class M-3, Class B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 B-2 and Class C-B-6 B-3 Certificates, in that order, up to an amount of Net Realized Losses any unpaid remaining Basis Risk Carry Forward Amount for each such Class, if any; provided, however, that any amounts distributed pursuant ; (xx) to this Section 4.01(A)(f)(xiii) will not cause a further reduction in the Class Principal Balances of any of OC Certificates, the Group C-B CertificatesClass OC Distributable Amount; and (xivxxi) fourteenthto the holders of the Class R Certificates, any remaining Available Distribution Amountamounts. For the avoidance of doubt, Section 5.02(c) is intended to cause the Class AR-L OC Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or receive from amounts remaining after the related Credit Support Depletion Date, distributions application of the Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1 Certificates as follows: (iall other clauses of Section 5.02(c) first, concurrently, to the Group 1 Certificates entitled to interestpreceding it, an amount allocable to interest equal up to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 1 Certificates entitled to principal, pro rata based on Class Principal Balances, as principal, the Senior Principal Distribution Amount for Loan Group 1, until their respective Class Principal Balances are reduced to zero; and (iii) third, after any payments to the Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (h) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(h)(i), only the portion sum of the Class A-X Notional OC Distributable Amount derived for that Distribution Date and any Class OC Distributable Amounts remaining unpaid from prior Distribution Dates and the Group 2 Mortgage Loans will be used Trustee shall construe Section 5.02(c) as necessary so as to calculate these distributions;accomplish such result. (ii) second, to the Group 2 Certificates, as principal, the Senior Principal Distribution Amount for Loan Group 2, pro rata based on Class Principal Balances, until their respective Class Principal Balance is reduced to zero; and (iii) third, after any payments to the Group 1, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (i) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 3 will be made with respect to the Group 3, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 3 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(i)(i), only the portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 3 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 3, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (j) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 4 will be made with respect to the Group 4, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 4 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 4, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (k) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will be made with respect to the Group 5, Class C-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 5 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 5, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (Bd) On each Distribution Date, the amount referred Class P Distribution Amount received during the related Prepayment Period will be distributed to in clause (i) the holders of the definition of Interest Distribution Amount for such Class P Certificates. On the Distribution Date for each Class of Group 1, Group 2, Group 3, Group 4, Group 5, Group C-B, Class A-X and Class C-X Certificates shall be reduced by the Trust Administrator byin August 2011, the related Class’s pro rata share (based on $100 held in trust for the amount Class P Certificates will be distributed to the holders of the Interest Distribution Amount for each such Class before reduction pursuant to this Section 4.01(B)) of (i) Net Prepayment Interest Shortfalls experienced by the Mortgage Loans in a related Loan Group for such Distribution Date; and (ii) (A) after the related Special Hazard Coverage Termination Date, with respect to each Mortgage Loan in a related Loan Group that became a Special Hazard Mortgage Loan during the prior calendar month, the excess of one month’s interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, (B) after the related Bankruptcy Coverage Termination Date, with respect to each MortgagP Certificates.

Priorities of Distribution. (A) On each Distribution Date, with respect to the Group I, Group II, Group III, Group C-B, Class A-X and Class A-P Certificates, the Trust Administrator shall determine the amounts to be distributed to each Class of Certificates as follows: (a) with respect to the Group 1 I Senior and Class A-X Certificates, before the related Credit Support Depletion Date Date, and from the Available Distribution Amount relating to Loan Group 1, subject to Section 4.01(B) below: (i) first, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to the Group 1 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 1, in the following order of priority; (A) first, to the Class AR and Class AR-L Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (B) second, to the Class 1-A-1, Class 1-A-2, Class 1-A-3 and Class 1-A-6 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (b) with respect to the Group 2 and Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided however, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(b)(i), only a portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Amount for any Distribution Date on or before the Class 2-A-2/2-A-5 Accretion Termination Date will instead be distributed in accordance with the Class 2-A-2/2-A-5 Accretion Direction Rule; and (ii) second, to the Group 2 Certificates, the Senior Principal Distribution Amount for Loan Group 2, in the following order of priority; (A) first, to the Class 2-A-4, the Group 2 Priority Amount, until its Class Principal Balance is reduced to zero; (B) second, to the Class 2-A-1 Certificates, until its Class Principal Balance is reduced to zero; (C) third, to the Class 2-A-3 Certificates, until its Class Principal Balance is reduced to zero; (D) fourth, to the Class 2-A-2 and Class 2-A-5 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; and (E) fifth, to the Class 2-A-4 Certificates, until its Class Principal Balance is reduced to zero; (c) with respect to Group 3 and the Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 3, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 3 Certificates and the Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Group 3 Certificates entitled to principal, the Senior Distribution Amount for Loan Group 3 to the Class 3-A-1 and Class 3-A-3 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (d) with respect to the Group 4 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below: (i) first, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; and (ii) second, to the Class 4-A-2 and Class 4-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 4, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (e) with respect to the Group 5 and Class C-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 5, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to the Class 5-A-2 and Class 5-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 5, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (f) with respect to the Group C-B, Class AR and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5 remaining after giving effect to the distributions pursuant to Section 4.01(A)(a), (b), (c), (d) and (e) above, subject to Sections 4.01(B) and 4.01(C) below, and further subject to any payments to the Group 1, Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06I: (i) first, to the Class CI-B-1 P Certificates, an amount allocable to interest equal to the Interest Class I-P Principal Distribution Amount for such Class for such Distribution DateAmount; (ii) second, subject to the Class C-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (iiiSection 4.01(B) third, to the Class C-B-2 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (iv) fourth, to the Class C-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (v) fifth, to the Class C-B-3 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (vi) sixth, to the Class C-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (vii) seventh, to the Class C-B-4 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (viii) eighth, to the Class C-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (ix) ninth, to the Class C-B-5 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (x) tenth, to the Class C-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (xi) eleventh, to the Class C-B-6 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xii) twelfth, to the Class C-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (xiii) thirteenth, to the Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates, in that order, up to an amount of Net Realized Losses for such Class, if any; provided, however, that any amounts distributed pursuant to this Section 4.01(A)(f)(xiii) will not cause a further reduction in the Class Principal Balances of any of the Group C-B Certificates; and (xiv) fourteenth, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1 Certificates as follows: (i) firstbelow, concurrently, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 1 Certificates entitled to principal, pro rata based on Class Principal Balances, as principal, the Senior Principal Distribution Amount for Loan Group 1, until their respective Class Principal Balances are reduced to zero; and (iii) third, after any payments to the Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class ARI-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (h) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2, Class A-XA-1, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, however, that for the purposes of the distributions pursuant to this Section 4.01(A)(a)(ii), the Interest Distribution Amount for the Class A-X Certificates pursuant to this Section 4.01(A)(h)(i), only shall be calculated solely on the basis of that portion of the Class A-X Notional Amount derived attributable to the Group I Mortgage Loans; and (iii) third, on each Distribution Date, from the Available Distribution Amount remaining after giving effect to the distributions pursuant to Section 4.01(A)(a)(i) and (ii) above, to the Class I-A-1 and Class AR Certificates, the Group 2 I Senior Principal Distribution Amount, in the following order of priority: (A) first, to the Class AR Certificates, until its Class Principal Balance has been reduced to zero; and (B) second, to the Class I-A-1 Certificates, until its Class Principal Balance has been reduced to zero. (b) with respect to the Group II, Class A-X and Class A-P Certificates, before the Credit Support Depletion Date, and from the Available Distribution Amount relating to Loan Group II: (i) first, to the Class A-P Certificates, the Class II-P Principal Distribution Amount; (ii) second, subject to Section 4.01(B) below, concurrently, to each Class of Group II Certificates and the Class Z-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount, any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, however, that for purposes of the distributions pursuant to this Section 4.01(A)(b)(ii), the Interest Distribution Amount for the Class A-X Certificates shall be calculated solely on the basis of that portion of the Class A-X Notional Amount attributable to the Group II Mortgage Loans Loans; provided further that any Class II-A-3 Accrual Amount for such Distribution Date will instead be used distributed as principal in accordance with the definition of Class II-A-3 Accretion Directed Rule; and (iii) third, on each Distribution Date, from the Available Distribution Amount remaining after giving effect to calculate these distributionsthe distributions pursuant to Section 4.01(A)(b)(i) and (ii) above, to the Group II Certificates (other than any Group II Certificates that are Notional Amount Certificates), the Group II Senior Principal Distribution Amount, in the following order of priority: (A) first, to the Class II-A-4 Certificates, the Class II-A-4 Priority Amount, until its Class Principal Balance has been reduced to zero; (B) second, to the Class II-A-1 and Class II-A-2 Certificates, pro rata, until their respective Class Principal Balances have been reduced to zero; (C) third, to the Class II-A-3 Certificates, until its Class Principal Balance has been reduced to zero; and (D) fourth, to the Class II-A-4 Certificates, until its Class Principal Balance has been reduced to zero. (c) with respect to the Group III, Class A-X and Class A-P Certificates, before the Credit Support Depletion Date, and from the Available Distribution Amount relating to Loan Group III: (i) first, to the Class A-P Certificates, the Class III-P Principal Distribution Amount; (ii) second, subject to Section 4.01(B) below, concurrently, to each Class of Group III Certificates and the Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount, any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, however, that for purposes of the distributions pursuant to this Section 4.01(A)(c)(ii), the Interest Distribution Amount for the Class A-X Certificates shall be calculated solely on the basis of that portion of the Class A-X Notional Amount attributable to the Group II Mortgage Loans; provided further that any Class III-A-3 Accrual Amount for such Distribution Date will instead be distributed as principal in accordance with the definition of Class III-A-3 Accretion Directed Rule; and (iii) third, on each Distribution Date, from the Available Distribution Amount remaining after giving effect to the distributions pursuant to Section 4.01(A)(c)(i) and (ii) above, to the Group III Certificates (other than any Group III Certificates that are Notional Amount Certificates), the Group III Senior Principal Distribution Amount, in the following order of priority: (A) first, to the Class III-A-4 Certificates, the Class III-A-4 Priority Amount, until its Class Principal Balance has been reduced to zero; (B) second, concurrently, to the following Classes of Certificates in the following order: (1) 75.0463832076% sequentially, to the following Classes of Certificates in the following order: (a) first, to the Class III-A-1 and Class III-A-2 Certificates, pro rata, until their respective Class Principal Balances have been reduced to zero; and (b) second, to the Class III-A-3 Certificates, until its Class Principal Balance has been reduced to zero. (2) 24.9536167924% sequentially, to the following Classes of Certificates in the following order: (a) first, to the Class III-A-7 Certificates, until its Class P▇▇▇▇▇▇▇▇ ▇alance has been reduced to zero; (b) second, to the Class III-A-6 Certificates, until its Class Principal Balance has been reduced to zero; (c) third, to the Class III-A-8 Certificates, until its Class Principal Balance has been reduced to zero; and (d) fourth, to the Class III-A-9 Certificates, until its Class Principal Balance has been reduced to zero. (C) third, to the Class III-A-4 Certificates, until its Class Principal Balance has been reduced to zero. (d) with respect to the Class I-P, Group I Subordinate and Class AR Certificates, before the Credit Support Depletion Date, from the Available Distribution Amount for Loan Group I remaining after giving effect to the distributions pursuant to Section 4.01(A)(a) above, subject to Section 4.01(B) and (C) below: (i) first, to the Class I-P Certificates, to the extent of amounts otherwise available to pay the Group I Subordinate Principal Distribution Amount on that Distribution Date, the sum of (x) principal in an amount equal to the Class I-P Fraction of any loss on a Class I-P Mortgage Loan incurred in the previous calendar month (other than an Excess Loss) and (y) the sum of the amounts, if any, by which the amount described in subclause (x) above of this Section 4.01(A)(d)(i) on each prior Distribution Date exceeded the amount actually distributed on those prior Distribution Dates and not subsequently distributed; provided, however, that any amounts distributed pursuant to this Section 4.01(A)(d)(i) will not cause a further reduction in the Class Principal Balance of the Class I-P Certificates; (ii) second, to the Group 2 Class I-B-1 Certificates, as principal, an amount allocable to interest equal to the Senior Principal Interest Distribution Amount for Loan Group 2, pro rata based on such Class Principal Balances, until their respective Class Principal Balance is reduced to zero; andfor such Distribution Date; (iii) third, to the Class I-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date until the Class Principal Balance of Class I-B-1 Certificates has been reduced to zero; (iv) fourth, to the Class I-B-2 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (v) fifth, to the Class I-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date until the Class Principal Balance of Class I-B-2 Certificates has been reduced to zero; (vi) sixth, to the Class I-B-3 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (vii) seventh, to the Class I-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date until the Class Principal Balance of Class I-B-3 Certificates has been reduced to zero; (viii) eighth, to the Class I-B-4 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (ix) ninth, to the Class I-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date until the Class Principal Balance of Class I-B-4 Certificates has been reduced to zero; (x) tenth, to the Class I-B-5 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xi) eleventh, to the Class I-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date until the Class Principal Balance of Class I-B-5 Certificates has been reduced to zero; (xii) twelfth, to the Class I-B-6 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xiii) thirteenth, to the Class I-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date until the Class Principal Balance of Class I-B-6 Certificates has been reduced to zero; (xiv) fourteenth, to the Class I-B-1, Class I-B-2, Class I-B-3, Class I-B-4, Class I-B-5 and Class I-B-6 Certificates, in that order, up to an amount of unreimbursed Realized Losses previously allocated to that Class, if any; provided, however, that any amounts distributed pursuant to this Section 4.01(A)(d)(xiv) will not cause a further reduction in the Class Principal Balances of any of the Group I Subordinate Certificates; and (xv) fifteenth, to the Class AR Certificates, any remaining Available Distribution Amount for Loan Group I. (e) with respect to the Class A-P, Group C-B and Class AR Certificates, before the Credit Support Depletion Date, from the Available Distribution Amount for Loan Group II and Loan Group III remaining after giving effect to the distributions pursuant to Section 4.01(A)(b) and (c) above, subject to Section 4.01(B) and (C) below, and further subject to any payments to the Group 1, Group 3, Group 4 II and Group 5 III Certificates as described in Section 4.06, to the following classes in the following order: (i) first, to the Class A-P Certificates, to the extent of amounts otherwise available to pay the Group C-B Principal Distribution Amount on that Distribution Date, the sum of (x) principal in an amount equal to the Class II-P or Class III-P Fraction of any loss on a Class II-P or Class III-P Mortgage Loan, respectively, incurred in the previous calendar month (other than an Excess Loss) and (y) the sum of the amounts, if any, by which the amount described in subclause (x) above of this Section 4.01(A)(e)(i) on each prior Distribution Date exceeded the amount actually distributed on those prior Distribution Dates and not subsequently distributed; provided, however, that any amounts distributed pursuant to this Section 4.064.01(A)(e)(i) will not cause a further reduction in the Class Principal Balance of the Class A-P Certificates; (ii) second, to the Class C-B-1 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (iii) third, to the Class C-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date until the Class Principal Balance of the Class C-B-1 Certificates has been reduced to zero; (iv) fourth, to the Class C-B-2 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (v) fifth, to the Class C-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date until the Class Principal Balance of the Class C-B-2 Certificates has been reduced to zero; (vi) sixth, to the Class C-B-3 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (vii) seventh, to the Class C-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date until the Class Principal Balance of the Class C-B-3 Certificates has been reduced to zero; (viii) eighth, to the Class C-B-4 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (ix) ninth, to the Class C-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date until the Class Principal Balance of the Class C-B-4 Certificates has been reduced to zero; (x) tenth, to the Class C-B-5 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xi) eleventh, to the Class C-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date until the Class Principal Balance of the Class C-B-5 Certificates has been reduced to zero; (xii) twelfth, to the Class C-B-6 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xiii) thirteenth, to the Class C-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date until the Class Principal Balance of the Class C-B-6 Certificates has been reduced to zero; (xiv) fourteenth, to the Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates, in that order, up to an amount of unreimbursed Realized Losses previously allocated to that Class, if any; provided, however, that any amounts distributed pursuant to this Section 4.01(A)(e)(xiv) will not cause a further reduction in the Class Principal Balances of any of the Group C-B Certificates; and (xv) fifteenth, to the Class AR Certificates, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC);Amount for Loan Group II and Loan Group III. (if) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 3 I will be made with respect to the Group 3I Senior, Class A-X, X and Class AR and Class AR-L Certificates as follows: (i) first, to the Class I-P Certificates, the Class I-P Principal Distribution Amount; (ii) second, subject to Section 4.01(B) below, concurrently, to the Group 3 Class I-A-1, Class AR and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, however, that for the purposes of the distributions pursuant to this Section 4.01(A)(f)(ii), the Interest Distribution Amount for the Class A-X Certificates pursuant to this Section 4.01(A)(i)(i), only shall be calculated solely on the basis of that portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; (ii) second, attributable to the Group 3 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 3, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; andI Mortgage Loans; (iii) third, after any payments to the Class I-A-1 and Class AR Certificates, pro rata, as principal, the Group 1, Group 2, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available I Senior Principal Distribution Amount; and (iv) fourth, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC);Certificates. (jg) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 4 II will be made with respect to the Group 4II, Class AR A-X, Class A-P and Class AR-L AR Certificates as follows: (i) first, concurrently, to the Group 4 Class A-P Certificates, an amount allocable to interest equal to the related Interest Class II-P Principal Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 4 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 4, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 Certificates pursuant subject to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (k4.01(B) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will be made with respect to the Group 5, Class C-X, Class AR and Class AR-L Certificates as follows: (i) firstbelow, concurrently, to the Group 5 II Certificates and the Class CA-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 5 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 5, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (B) On each Distribution Date, the amount referred to in clause (i) of the definition of Interest Distribution Amount for such Distribution Date for each Class of Group 1, Group 2, Group 3, Group 4, Group 5, Group C-B, Class A-X and Class C-X Certificates shall be reduced by the Trust Administrator by, the related Class’s pro rata share (based on the amount of the Interest Distribution Amount for each such Class before reduction pursuant to this Section 4.01(B)) of (i) Net Prepayment Interest Shortfalls experienced by the Mortgage Loans in a related Loan Group for such Distribution Date; and (ii) (A) after the related Special Hazard Coverage Termination Date, with respect to each Mortgage Loan in a related Loan Group that became a Special Hazard Mortgage Loan during the prior calendar month, the excess of one month’s interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, (B) after the related Bankruptcy Coverage Termination Date, with respect to each Mortgagto

Priorities of Distribution. (A) On each Distribution Date, with respect to the Group 1, Group 2, Group 3, Group 4, Group 5, Group 6, Group 7 and Group C-B Certificates, the Trust Administrator shall determine the amounts to be distributed to each Class of Certificates as follows: (a) with respect to the Group 1 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 1, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 1 Certificates entitled to interestCertificates, an amount allocable to interest equal to the related Interest Distribution Amount; Amount for such Distribution Date, any shortfall being allocated pro rata among between such Classes in proportion to the amount of based on the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to on each Distribution Date, from the Group 1 Certificates entitled to principal, the Senior Principal Available Distribution Amount for Loan Group 11 remaining after giving effect to the distributions pursuant to Section 4.01(I)(A)(a)(i) above, in the following order of priority;Group 1 Senior Principal Distribution Amount, as principal, sequentially, as follows: (Aa) first, to the Class AR and Class AR-L Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (B) second, to the Class 1-A-1, Class 1-A-2, Class 1-A-3 and Class 1-A-6 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (b) with respect to the Group 2 and Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided however, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(b)(i), only a portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Amount for any Distribution Date on or before the Class 2-A-2/2-A-5 Accretion Termination Date will instead be distributed in accordance with the Class 2-A-2/2-A-5 Accretion Direction Rule; and (ii) second, to the Group 2 Certificates, the Senior Principal Distribution Amount for Loan Group 2, in the following order of priority; (A) first, to the Class 2-A-4, the Group 2 Priority Amount, until its Class Principal Balance is reduced to zero; (B) second, to the Class 2-A-1 Certificates, until its Class Principal Balance is reduced to zero; (C) third, to the Class 2-A-3 Certificates, until its Class Principal Balance is reduced to zero; (D) fourth, to the Class 2-A-2 and Class 2-A-5 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; and (Eb) fifthsecond, to the Class 21-A-4 A-1 Certificates, until its Class Principal Balance is reduced to zero;. (cb) with respect to the Group 3 and the Class A-X 2 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 3, subject to Section 4.01(B) below2: (i) first, concurrently, to the Group 3 Certificates and the Class A2-X A-1 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among Amount for such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributionsDate; and (ii) second, to on each Distribution Date, from the Group 3 Certificates entitled to principal, the Senior Available Distribution Amount for Loan Group 3 2 remaining after giving effect to the distributions pursuant to Section 4.01(I)(A)(b)(i) above, as principal, to the Class 3-A-1 and Class 3-A-3 2 A 1 Certificates, pro rata based on the Group 2 Senior Principal Distribution Amount, until its Class Principal Balances, until their respective Class Principal Balances are Balance is reduced to zero;. (dc) with respect to the Group 4 3 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below3: (i) first, to the Group 4 Class 3-A-1 Certificates, an amount allocable to interest equal to the related Interest Distribution AmountAmount for such Distribution Date; and (ii) second, to the Class 4-A-2 and Class 4-A-3 Certificates, the Senior Principal on each Distribution Amount for Loan Group 4, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (e) with respect to the Group 5 and Class C-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 5, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to the Class 5-A-2 and Class 5-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 5, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (f) with respect to the Group C-B, Class AR and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to for Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5 3 remaining after giving effect to the distributions pursuant to Section 4.01(A)(a), (b), (c), (d) and (e4.01(I)(A)(c)(i) above, subject to Sections 4.01(B) and 4.01(C) below, and further subject to any payments to the Group 1, Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06: (i) firstas principal, to the Class C-B-1 3 A 1 Certificates, an amount allocable to interest equal to the Interest Group 3 Senior Principal Distribution Amount for such Class for such Distribution Date; (ii) second, to the Class C-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution DateAmount, until its Class Principal Balance is reduced to zero; (iii) third, to the Class C-B-2 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (iv) fourth, to the Class C-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (v) fifth, to the Class C-B-3 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (vi) sixth, to the Class C-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (vii) seventh, to the Class C-B-4 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (viii) eighth, to the Class C-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (ix) ninth, to the Class C-B-5 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (x) tenth, to the Class C-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (xi) eleventh, to the Class C-B-6 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xii) twelfth, to the Class C-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (xiii) thirteenth, to the Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates, in that order, up to an amount of Net Realized Losses for such Class, if any; provided, however, that any amounts distributed pursuant to this Section 4.01(A)(f)(xiii) will not cause a further reduction in the Class Principal Balances of any of the Group C-B Certificates; and (xiv) fourteenth, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1 Certificates as follows: (i) first, concurrently, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 1 Certificates entitled to principal, pro rata based on Class Principal Balances, as principal, the Senior Principal Distribution Amount for Loan Group 1, until their respective Class Principal Balances are reduced to zero; and (iii) third, after any payments to the Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (h) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(h)(i), only the portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 2 Certificates, as principal, the Senior Principal Distribution Amount for Loan Group 2, pro rata based on Class Principal Balances, until their respective Class Principal Balance is reduced to zero; and (iii) third, after any payments to the Group 1, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (i) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 3 will be made with respect to the Group 3, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 3 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(i)(i), only the portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 3 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 3, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (j) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 4 will be made with respect to the Group 4, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 4 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 4, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (k) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will be made with respect to the Group 5, Class C-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 5 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 5, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (B) On each Distribution Date, the amount referred to in clause (i) of the definition of Interest Distribution Amount for such Distribution Date for each Class of Group 1, Group 2, Group 3, Group 4, Group 5, Group C-B, Class A-X and Class C-X Certificates shall be reduced by the Trust Administrator by, the related Class’s pro rata share (based on the amount of the Interest Distribution Amount for each such Class before reduction pursuant to this Section 4.01(B)) of (i) Net Prepayment Interest Shortfalls experienced by the Mortgage Loans in a related Loan Group for such Distribution Date; and (ii) (A) after the related Special Hazard Coverage Termination Date, with respect to each Mortgage Loan in a related Loan Group that became a Special Hazard Mortgage Loan during the prior calendar month, the excess of one month’s interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, (B) after the related Bankruptcy Coverage Termination Date, with respect to each Mortgag.

Priorities of Distribution. (A) On each Distribution Date, the Trust Administrator shall determine the amounts to be distributed to each Class of Certificates as follows: (a) with respect to the Group 1 and Class D-P Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 1, subject to Section 4.01(B) below: (i) first, to the Class D-P Certificates, the Class P Principal Distribution Amount for Loan Group 1; (ii) second, to the Group 1 Certificates entitled to interestCertificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (iiiii) secondthird, to the Group 1 Certificates entitled to principalCertificates, the Senior Principal Distribution Amount for Loan Group 1, in the following order of priority;: (A) first, to the Class AR and Class AR-L Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (B) second, to the Class 1-A-1, Class 1-A-2, Class 1-A-3 and Class 1-A-6 A-1 Certificates, pro rata based on until its Class Principal Balances, until their respective Class Principal Balances are Balance is reduced to zero; (b) with respect to the Group 2 and Class A2-X A-1 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) below: (i) first, to the Class 2-A-1 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; (ii) second, to the Class 2-A-1 Certificates, the Senior Principal Distribution Amount for Loan Group 2, until its Class Principal Balance is reduced to zero; (c) with respect to the Class 3-A-1 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 3, subject to Section 4.01(B) below: (i) first, to the Class 3-A-1 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; (ii) second, to the Class 3-A-1 Certificates, the Senior Principal Distribution Amount for Loan Group 3, until its Class Principal Balance is reduced to zero; (d) with respect to the Group 4 and the Class D-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 2 4 and the Class AD-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided however; (ii) second, that to the Group 4 Certificates, entitled to principal, the Senior Principal Distribution Amount for the purposes of distributions Loan Group 4, pro rata based on Class Principal Balance, until their respective Class Principal Balances are reduced to zero; (e) with respect to the Class A5-X Certificates pursuant A-1 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to this Loan Group 5, subject to Section 4.01(A)(b)(i)4.01(B) below: (i) first, only a portion of to the Class A5-X Notional Amount derived from A-1 Certificates, an amount allocable to interest equal to the Group 2 Mortgage Loans will be used to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Amount for any related Interest Distribution Date on or before the Class 2-A-2/2-A-5 Accretion Termination Date will instead be distributed in accordance with the Class 2-A-2/2-A-5 Accretion Direction RuleAmount; and (ii) second, to the Group 2 Class 5-A-1 Certificates, the Senior Principal Distribution Amount for Loan Group 2, in the following order of priority; (A) first, to the Class 2-A-4, the Group 2 Priority Amount5, until its Class Principal Balance is reduced to zero; (B) second, to the Class 2-A-1 Certificates, until its Class Principal Balance is reduced to zero; (C) third, to the Class 2-A-3 Certificates, until its Class Principal Balance is reduced to zero; (D) fourth, to the Class 2-A-2 and Class 2-A-5 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; and (E) fifth, to the Class 2-A-4 Certificates, until its Class Principal Balance is reduced to zero; (cf) with respect to Group 3 6 and the Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 35, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 3 6 Certificates entitled to interest and the Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i4.01(A)(f)(1), only a portion of the Class A-X Notional Amount derived from the Group 3 6 Mortgage Loans will be used to calculate these distributionsdistributions provided further, that any Class 6-A-3 Accrual Amount for any Distribution Date on or before the Class 6-A-3 Accretion Termination Date will instead be distributed in accordance with the Class 6-A-3 Accretion Discretion Rule; provided further, that any Class 6-A-12 Accrual Amount for any Distribution Date on or before the Class 6-A-12 Accretion Termination Date will instead be distributed in accordance with the Class 6-A-12 Accretion Discretion Rule; provided further, that on any Distribution Date prior to the Distribution Date in January 2011 when the Certificate Index exceeds 5.350% per annum, for the purpose of this clause (f)(i), the Pass-Through Rate on the Class 6-A-1 will be capped at 6.00% per annum; and (ii) secondthird, to the Group 3 Certificates 6 Certificates, entitled to principal, the Senior Distribution Amount for Loan Group 3 6 in the following order of priority: (A) first, to the Class 36-A-1 A-4, Class 6-A-5 and Class 36-A-3 A-13, the Group 6 Priority Amount, pro rata, based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (B) second, to the Class 6-A-6, Class 6-A-7, Class 6-A-8 and Class 6-A-9 Certificates, in an amount necessary to reduce their aggregate Class Principal Balance to their aggregate Planned Balance set forth on Schedule V for such Distribution Date, sequentially as follows: (1) first, to the Class 6-A-8 Certificates, in an amount necessary to reduce its Class Principal Balance to its Planned Balance set forth on Schedule VI for such Distribution Date; (2) second, to the Class 6-A-6 and Class 6-A-7 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (d3) with respect third, to the Group 4 Class 6-A-9 Certificates, before until its Class Principal Balance is reduced to zero; and (4) fourth, to the related Credit Support Depletion Date Class 6-A-8 Certificates, without regard to its Planned Balance, until its Class Principal Balance is reduced to zero; (C) third, to the Class 6-A-1 Certificates, in an amount necessary to reduce its Class Principal Balance to its Targeted Balance set forth on Schedule VII for such Distribution Date, until its Class Principal Balance is reduced to zero; (D) fourth, to the Class 6-A-12 Certificates, until its Class Principal Balance is reduced to zero; (E) fifth, to the Class 6-A-1 Certificates, without regard to its Targeted Balance, until its Class Principal Amount is reduced to zero; (F) sixth, to the Class 6-A-3 Certificates, until its Class Principal Balance is reduced to zero; (G) seventh, to the Class 6-A-6, Class 6-A-7, Class 6-A-8 and from the Available Distribution Amount relating Class 6-A-9 Certificates, without regard to Loan Group 4their aggregate Planned Balance, subject to Section 4.01(B) belowsequentially as follows: (i1) first, to the Group 4 Class 6-A-8 Certificates, in an amount allocable necessary to interest equal reduce its Class Principal Balance to the related Interest its Planned Balance set forth on Schedule VI for such Distribution Amount; andDate; (ii2) second, to the Class 46-A-2 A-6 and Class 46-A-3 A-7 Certificates, the Senior Principal Distribution Amount for Loan Group 4, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (e3) third, to the Class 6-A-9 Certificates, until its Class Principal Balance is reduced to zero; (4) fourth, to the Class 6-A-8 Certificates, without regard to its Planned Balance, until its Class Principal Balance is reduced to zero; (H) eighth, to the Class 6-A-10 Certificates, until its Class Principal Balance is reduced to zero; and (I) ninth, to the Class 6-A-4, Class 6-A-5 and Class 6-A-13 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (g) with respect to the Group 5 7 and Class CA-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 57, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 5 7 and Class CA-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(g)(i), only the portion of the Class A-X Notional Amount derived from the Group 7 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Class 57-A-2 and Class 5-A-3 A-1 Certificates, the Senior Principal Distribution Amount for Loan Group 57, pro rata based on until its Class Principal Balances, until their respective Class Principal Balances are Balance is reduced to zero; (fh) with respect to the Group D-B, Class D-P, Class AR and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to Loan Group 1, Loan Group 2, Loan Group 3 and Loan Group 4 remaining after giving effect to the distributions pursuant to Section 4.01(A)(a), (b), (c) and (d) above, subject to Sections 4.01(B) and 4.01(C) below, and further subject to any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06: (i) first, to the Class D-P Certificates, first, to the extent of PO Recoveries for Loan Group 1 and second, to the extent of amounts otherwise available to pay the Group D-B Principal Distribution Amount on that Distribution Date, the sum of (x) principal in an amount equal to the applicable Class P Fraction of any loss on a Class P Mortgage Loan in Loan Group 1 incurred in the previous calendar month (other than an Excess Loss) and (y) the sum of the amounts, if any, by which the amount described in subclause (x) above of this Section 4.01(A)(h)(i) on each prior Distribution Date exceeded the amount actually distributed on those prior Distribution Dates and not subsequently distributed; provided, however, that any amounts distributed pursuant to this Section 4.01(A)(h)(i) will not cause a further reduction in the Class Principal Balance of the Class D-P Certificates; (ii) second, to the Class D-B-1 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (iii) third, to the Class D-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date until their Class Principal Balance is reduced to zero; (iv) fourth, to the Class D-B-2 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (v) fifth, to the Class D-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date until their Class Principal Balance is reduced to zero; (vi) sixth, to the Class D-B-3 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (vii) seventh, to the Class D-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date until their Class Principal Balance is reduced to zero; (viii) eighth, to the Class D-B-4 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (ix) ninth, to the Class D-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date until their Class Principal Balance is reduced to zero; (x) tenth, to the Class D-B-5 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xi) eleventh, to the Class D-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date until their Class Principal Balance is reduced to zero; (xii) twelfth, to the Class D-B-6 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xiii) thirteenth, to the Class D-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date until their Class Principal Balance is reduced to zero; (xiv) fourteenth, to the Class D-B-7 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xv) fifteenth, to the Class D-B-7 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date until their Class Principal Balance is reduced to zero; (xvi) sixteenth, to the Class D-B-1, Class D-B-2, Class D-B-3, Class D-B-4, Class D-B-5, Class D-B-6 and Class D-B-7 Certificates, in that order, up to an amount of Net Realized Losses for such Class, if any; provided, however, that any amounts distributed pursuant to this Section 4.01(A)(h)(xvi) will not cause a further reduction in the Class Principal Balances of any of the Group D-B Certificates; and (xvii) seventeenth, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC). (i) with respect to the Group C-B, Class AR and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to Loan Group 15, Loan Group 2, Loan Group 3, Loan Group 4 6 and Loan Group 5 7 remaining after giving effect to the distributions pursuant to Section 4.01(A)(a4.01(A)(e), (b), (c), (df) and (eg) above, subject to Sections 4.01(B) and 4.01(C) below, and further subject to any payments to the Group 15, Group 2, Group 3, Group 4 6 and Group 5 7 Certificates pursuant to Section 4.06: (i) first, to the Class C-B-1 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (ii) second, to the Class C-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its their Class Principal Balance is reduced to zero; (iii) third, to the Class C-B-2 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (iv) fourth, to the Class C-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its their Class Principal Balance is reduced to zero; (v) fifth, to the Class C-B-3 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (vi) sixth, to the Class C-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its their Class Principal Balance is reduced to zero; (vii) seventh, to the Class C-B-4 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (viii) eighth, to the Class C-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its their Class Principal Balance is reduced to zero; (ix) ninth, to the Class C-B-5 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (x) tenth, to the Class C-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its their Class Principal Balance is reduced to zero; (xi) eleventh, to the Class C-B-6 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xii) twelfth, to the Class C-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, Date until its their Class Principal Balance is reduced to zero; (xiii) thirteenth, to the Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates, in that order, up to an amount of Net Realized Losses for such Class, if any; provided, however, that any amounts distributed pursuant to this Section 4.01(A)(f)(xiii4.01(A)(i)(xiii) will not cause a further reduction in the Class Principal Balances of any of the Group C-B Certificates; and (xiv) fourteenth, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1 Certificates as follows: (i) first, concurrently, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 1 Certificates entitled to principal, pro rata based on Class Principal Balances, as principal, the Senior Principal Distribution Amount for Loan Group 1, until their respective Class Principal Balances are reduced to zero; and (iii) third, after any payments to the Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (h) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(h)(i), only the portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 2 Certificates, as principal, the Senior Principal Distribution Amount for Loan Group 2, pro rata based on Class Principal Balances, until their respective Class Principal Balance is reduced to zero; and (iii) third, after any payments to the Group 1, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (i) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 3 will be made with respect to the Group 3, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 3 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(i)(i), only the portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 3 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 3, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (j) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 4 will be made with respect to the Group 4, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 4 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 4, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (k) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will be made with respect to the Group 5, Class C-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 5 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 5, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (B) On each Distribution Date, the amount referred to in clause (i) of the definition of Interest Distribution Amount for such Distribution Date for each Class of Group 1, Group 2, Group 3, Group 4, Group 5, Group C-B, Class A-X and Class C-X Certificates shall be reduced by the Trust Administrator by, the related Class’s pro rata share (based on the amount of the Interest Distribution Amount for each such Class before reduction pursuant to this Section 4.01(B)) of (i) Net Prepayment Interest Shortfalls experienced by the Mortgage Loans in a related Loan Group for such Distribution Date; and (ii) (A) after the related Special Hazard Coverage Termination Date, with respect to each Mortgage Loan in a related Loan Group that became a Special Hazard Mortgage Loan during the prior calendar month, the excess of one month’s interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, (B) after the related Bankruptcy Coverage Termination Date, with respect to each MortgagCertifica

Priorities of Distribution. (A) On each Distribution Date, the Trust Administrator shall determine the amounts to be distributed to each Class of Certificates as follows: (a) with respect to the Group 1 I, Class C-X and Class C-P Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 1I, subject to Section 4.01(B) below: (i) first, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to the Group 1 Certificates entitled to principalClass C-P Certificates, the Senior Class P Principal Distribution Amount for Loan Group 1, in the following order of priority; (A) first, to the Class AR and Class AR-L Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (B) second, to the Class 1-A-1, Class 1-A-2, Class 1-A-3 and Class 1-A-6 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (b) with respect to the Group 2 and Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided however, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(b)(i), only a portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Amount for any Distribution Date on or before the Class 2-A-2/2-A-5 Accretion Termination Date will instead be distributed in accordance with the Class 2-A-2/2-A-5 Accretion Direction Rule; and (ii) second, to the Group 2 Certificates, the Senior Principal Distribution Amount for Loan Group 2, in the following order of priority; (A) first, to the Class 2-A-4, the Group 2 Priority Amount, until its Class Principal Balance is reduced to zero; (B) second, to the Class 2-A-1 Certificates, until its Class Principal Balance is reduced to zero; (C) third, to the Class 2-A-3 Certificates, until its Class Principal Balance is reduced to zero; (D) fourth, to the Class 2-A-2 and Class 2-A-5 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; and (E) fifth, to the Class 2-A-4 Certificates, until its Class Principal Balance is reduced to zero; (c) with respect to Group 3 and the Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 3, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 3 Certificates and the Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Group 3 Certificates entitled to principal, the Senior Distribution Amount for Loan Group 3 to the Class 3-A-1 and Class 3-A-3 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (d) with respect to the Group 4 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below: (i) first, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; and (ii) second, to the Class 4-A-2 and Class 4-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 4, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (e) with respect to the Group 5 and Class C-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 5, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to the Class 5-A-2 and Class 5-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 5, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (f) with respect to the Group C-B, Class AR and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5 remaining after giving effect to the distributions pursuant to Section 4.01(A)(a), (b), (c), (d) and (e) above, subject to Sections 4.01(B) and 4.01(C) below, and further subject to any payments to the Group 1, Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06: (i) first, to the Class C-B-1 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (ii) second, to the Class C-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (iii) third, to the Class C-B-2 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (iv) fourth, to the Class C-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (v) fifth, to the Class C-B-3 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (vi) sixth, to the Class C-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (vii) seventh, to the Class C-B-4 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (viii) eighth, to the Class C-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (ix) ninth, to the Class C-B-5 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (x) tenth, to the Class C-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (xi) eleventh, to the Class C-B-6 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xii) twelfth, to the Class C-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its Class Principal Balance is reduced to zero; (xiii) thirteenth, to the Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates, in that order, up to an amount of Net Realized Losses for such Class, if any; provided, however, that any amounts distributed pursuant to this Section 4.01(A)(f)(xiii) will not cause a further reduction in the Class Principal Balances of any of the Group C-B Certificates; and (xiv) fourteenth, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1 Certificates as follows: (i) first, concurrently, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfallI; (ii) second, to the Group 1 Certificates entitled to principal, pro rata based on Class Principal Balances, as principal, the Senior Principal Distribution Amount for Loan Group 1, until their respective Class Principal Balances are reduced to zero; and (iii) third, after any payments to the Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (h) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2, Class A-X, Class AR I and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 2 and Class AC-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class AC-X Certificates pursuant to this Section 4.01(A)(h)(iparagraph 4.01(A)(a)(ii), only the portion of the Class AC-X Notional Amount derived from the Group 2 I Mortgage Loans will be used to calculate these distributions;; and (iiiii) secondthird, to the Group 2 I Certificates, as principal, the Senior Principal Distribution Amount for Loan Group 2I, in the following order of priority: (A) first, to the Class AR and Class AR-L Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balance is Balances are reduced to zero; and (iiiB) third, after any payments to the Group 1, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amountsecond, to the Class ARI-L Certificates (A-1 Certificates, until its Class Principal Balance is reduced to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC)zero; (ib) On or after with respect to the Group II, Class C-X and Class C-P Certificates, before the related Credit Support Depletion Date, distributions of Date and from the Available Distribution Amount for relating to Loan Group 3 will be made with respect II, subject to the Group 3, Class A-X, Class AR and Class AR-L Certificates as followsSection 4.01(B) below: (i) first, concurrentlyto the Class C-P Certificates, the Class P Principal Distribution Amount for Loan Group II; (ii) second, to the Group 3 II and Class AC-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class AC-X Certificates pursuant to this Section 4.01(A)(i)(iparagraph 4.01(A)(b)(ii), only the portion of the Class AC-X Notional Amount derived from the Group 3 II Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 3 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 3, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Class II-A-1 Certificates, until its Class Principal Balance is reduced to zero; (c) with respect to the Group 1III, Group 2Class D-X-1 and Class A-P Certificates, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (j) On or after before the related Credit Support Depletion Date, distributions of Date and from the Available Distribution Amount for relating to Loan Group 4 will be made with respect III, subject to the Group 4, Class AR and Class AR-L Certificates as followsSection 4.01(B) below: (i) first, to the Class A-P Certificates, the Class P Principal Distribution Amount for Loan Group III; (ii) second, concurrently, to the Group 4 III and Class D-X-1 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class D-X-1 Certificates pursuant to this paragraph 4.01(A)(c)(ii), only the portion of the Class D-X-1 Notional Amount derived from the Group III Mortgage Loans will be used to calculate these distributions; and (iii) third, to the Group III Certificates, the Senior Principal Distribution Amount for Loan Group III, in the following order of priority: (A) first, to the Class III-A-4 Certificates, the Group III Priority Amount for that Distribution Date, until its Class Principal Balance is reduced to zero; (B) second, to the Class III-A-2 Certificates, an amount equal to the lesser of (x) 99.99% of the amount of the Senior Principal Distribution Amount for Loan Group III available for distribution pursuant to this Section 4.01 (c)(iii)(B) and (y) $218,500, until its Class Principal Balance is reduced to zero; (C) third, to the Class III-A-1 Certificates, until its Class Principal Balance is reduced to zero; (D) fourth, to the Class III-A-2 Certificates, until its Class Principal Balance is reduced to zero; (E) fifth, to the Class III-A-3 Certificates, until its Class Principal Balance is reduced to zero; (F) sixth, to the Class III-A-4 Certificates, until its Class Principal Balance is reduced to zero; (d) with respect to the Group IV, Class D-X-2 and Class A-P Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group IV, subject to Section 4.01(B) below: (i) first, to the Class A-P Certificates, the Class P Principal Distribution Amount for Loan Group IV; (ii) second, to the Group 4 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 4, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (k) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will be made with respect to the Group 5, Class C-X, Class AR IV and Class ARD-L Certificates as follows: (i) first, concurrently, to the Group 5 and Class C-X X-2 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall;; provided, that for the purposes of distributions to the Class D-X-2 Certificates pursuant to this paragraph 4.01(A)(d)(ii), only the portion of the Class D-X-2 Notional Amount derived from the Group IV Mortgage Loans will be used to calculate these distributions; and (iiiii) secondthird, to the Group 5 Certificates entitled to principalClass IV-A-1 and Class IV-A-1 Certificates, the Senior Principal Distribution Amount for Loan Group 5, as principalIV, pro rata based on Class Principal Balances, until their respective Class Principal Balances is are reduced to zero; (e) with respect to the Group V, Class D-X-1 and Class A-P Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group V, subject to Section 4.01(B) below: (i) first, to the Class A-P Certificates, the Class P Principal Distribution Amount for Loan Group; (ii) second, to the Group V Certificates (other than the Class V-A-9 Certificates) and the Class D-X-1 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class D-X-1 Certificates pursuant to this paragraph 4.01(A)(e)(ii), only the portion of the Class D-X-1 Notional Amount derived from the Group V Mortgage Loans will be used to calculate these distributions; provided, further, that any Class V-A-5 Accrual Amount for any Distribution Date on or before the Class V-A-5 Accretion Termination Date will instead be distributed as principal in accordance with the Class V-A-5 Accretion Direction Rule; provided, further that when the Certificate Index exceeds 4.800% per annum, for purposes of this clause (e)(ii), the Pass-Through Rate on the Class V-A-1 Certificates will be capped at 5.500% per annum; and (iii) third, after any payments to the Group 1V Certificates (other than the Class V-A-2 Certificates), the Senior Principal Distribution Amount for Loan Group 2V, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amountin the following order of priority: (A) first, to the Class ARV-L Certificates (A-4 and Class V-A-10 Certificates, the Group V Priority Amount for that Distribution Date, until its Class Principal Balance is reduced to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC)zero; (B) On each Distribution Datesecond, to the Class V-A-6 Certificates in an amount referred necessary to in clause (i) of the definition of Interest Distribution Amount for such Distribution Date for each reduce its Class of Group 1, Group 2, Group 3, Group 4, Group 5, Group C-B, Class A-X and Class C-X Certificates shall be reduced by the Trust Administrator by, the related Class’s pro rata share (based Principal Balance to its Planned Balance set forth on the amount of the Interest Distribution Amount for each such Class before reduction pursuant to this Section 4.01(B)) of (i) Net Prepayment Interest Shortfalls experienced by the Mortgage Loans in a related Loan Group Schedule IV for such Distribution Date; , until its Class Principal Balance is reduced to zero; (C) third, to the Class V-A-1 and (ii) (A) after the related Special Hazard Coverage Termination Class V-A-3 Certificates, in an amount necessary to reduce their aggregate Class Principal Balance to their aggregate Targeted Balance set forth on Schedule V for such Distribution Date, with respect sequentially, as follows: (1) first, to each Mortgage Loan the Class V-A-1 Certificates in a related Loan Group that became a Special Hazard Mortgage Loan during the prior calendar month, the excess of one month’s interest at the related Net Mortgage Rate on the Stated an amount necessary to reduce its Class Principal Balance of to its Targeted Balance set forth on Schedule VI for such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, (B) after the related Bankruptcy Coverage Termination Distribution Date, with respect until its Class Principal Balance is reduced to each Mortgagzero; (2) second, to the Class V-A-3 Certificates, until its Class Principal Balance is reduced to zero; (3) third, to the Class V-A-1 Certificates without regard to its Targeted Balance for such Distribution Date, until its Class Principal Balance is reduced to zero; (D) fourth, to the Class V-A-5 Certificates, until its Class Principal Balance is reduced to zero; (E) fifth, to the Class V-A-1 and Class V-A-3 Certificates, without regard to their aggregate Targeted Balance for such Distribution Date, sequentially, as follows: (1) first, to the Class V-A-1 Certificates in an amount necessary to reduce its Class Principal Balance to its Targeted Balance set forth on Schedule VI for such Distribution Date, until its Class Principal Balance is reduced to zero; (2) second, to the Class V-A-3 Certificates, until its Class Principal Balance is reduced to zero; (3) third, to the Class V-A-1 Certificates without regard to its Targeted Balance for such Distribution Date, until its Class Principal Balance is reduced to zero; (F) sixth, to the Class V-A-6 Certificates without regard to its Planned Balance for such Distribution Date, until its Class Principal Balance is reduced to zero; (G) seventh, concurrently:

Priorities of Distribution. (A) On each Distribution Date, with respect to the Group I, Group II, Group III, Group IV and Group C-B Certificates, the Trust Administrator shall determine the amounts to be distributed to each Class of Certificates as follows: (a) with respect to the Group 1 I Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 1, subject to Section 4.01(B) belowI: (i) first, subject to Section 4.01(I)(B) below, concurrently, to the Group 1 I Certificates entitled to interestand the Interest Remittance Amount, an amount allocable to interest equal to the related Interest Distribution Amount, or, in the case of the Interest Remittance Amount, the Group I Excess Interest Amount for such Distribution Date, any shortfall being allocated pro rata among such Classes and the Interest Remittance Amount in proportion to the amount of the Interest Distribution Amount or Group I Excess Interest Amount, as applicable, that would have been distributed in the absence of such shortfall; and (ii) second, on each Distribution Date, from the Available Distribution Amount for Loan Group I remaining after giving effect to the distributions pursuant to Section 4.01(I)(A)(a)(i) above to the Group I Certificates, the Group I Senior Principal Distribution Amount, in the following order of priority: (A) first, to the Class AR Certificates, until its Class Principal Balance has been reduced to zero; and (B) second, to the Class I-A-1 Certificates, until its class Principal Balance has been reduced to zero. (b) with respect to the Group II Certificates, and from the Available Distribution Amount relating to Loan Group II: (i) first, subject to Section 4.01(I)(B) below, concurrently, to the Group II Certificates and the Interest Remittance Amount, an amount allocable to interest equal to the related Interest Distribution Amount, or, in the case of the Interest Remittance Amount, the Group II Excess Interest Amount for such Distribution Date, any shortfall being allocated pro rata among such Classes and the Interest Remittance Amount in proportion to the amount of the Interest Distribution Amount or Group II Excess Interest Amount, as applicable, that would have been distributed in the absence of such shortfall; and (ii) second, on each Distribution Date, from the Available Distribution Amount for Loan Group II remaining after giving effect to the distributions pursuant to Section 4.01(I)(A)(b)(i) above, to the Class II-A-1 Certificates, the Group II Senior Principal Distribution Amount, until its Class Principal Balance has been reduced to zero. (c) with respect to the Group III Certificates, and from the Available Distribution Amount relating to Loan Group III: (i) first, subject to Section 4.01(I)(B) below, concurrently, to the Group III Certificates and the Interest Remittance Amount, an amount allocable to interest equal to the related Interest Distribution Amount, or, in the case of the Interest Remittance Amount, the Group III Excess Interest Amount for such Distribution Date, any shortfall being allocated pro rata among such Classes and the Interest Remittance Amount in proportion to the amount of the Interest Distribution Amount or Group III Excess Interest Amount, as applicable, that would have been distributed in the absence of such shortfall; and (ii) second, on each Distribution Date, from the Available Distribution Amount for Loan Group III remaining after giving effect to the distributions pursuant to Section 4.01(I)(A)(c)(i) above, to the Class III-A-1, Class III-A-2, Class III-A-3 and Class III-A-4 Certificates, pro rata based on Class Principal Balance, the Group III Senior Principal Distribution Amount, until their Class Principal Balances have been reduced to zero. (d) with respect to the Group IV Certificates, from the Available Distribution Amount relating to Loan Group IV: (i) first, subject to Section 4.01(I)(B) below, to the Group IV Certificates, an amount allocable to interest equal to the related Interest Distribution Amount, or, in the case of the Interest Remittance Amount, the Group IV Excess Interest Amount for such Distribution Date, any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to on each Distribution Date, from the Group 1 Certificates entitled to principal, the Senior Principal Available Distribution Amount for Loan Group 1, in IV remaining after giving effect to the following order of priority; (Adistributions pursuant to Section 4.01(I)(A)(d)(i) firstabove, to the Class AR and Class ARIV-L Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (B) second, to the Class 1-A-1, Class 1-A-2, Class 1-A-3 and Class 1-A-6 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (b) with respect to the Group 2 and Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided however, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(b)(i), only a portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Amount for any Distribution Date on or before the Class 2-A-2/2-A-5 Accretion Termination Date will instead be distributed in accordance with the Class 2-A-2/2-A-5 Accretion Direction Rule; and (ii) second, to the Group 2 A-1 Certificates, the Group IV Senior Principal Distribution Amount for Loan Group 2, in the following order of priority; (A) first, to the Class 2-A-4, the Group 2 Priority Amount, until its Class Principal Balance is has been reduced to zero; (B) second, to the Class 2-A-1 Certificates, until its Class Principal Balance is reduced to zero; (C) third, to the Class 2-A-3 Certificates, until its Class Principal Balance is reduced to zero; (D) fourth, to the Class 2-A-2 and Class 2-A-5 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; and (E) fifth, to the Class 2-A-4 Certificates, until its Class Principal Balance is reduced to zero; (c) with respect to Group 3 and the Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 3, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 3 Certificates and the Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Group 3 Certificates entitled to principal, the Senior Distribution Amount for Loan Group 3 to the Class 3-A-1 and Class 3-A-3 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (d) with respect to the Group 4 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below: (i) first, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; and (ii) second, to the Class 4-A-2 and Class 4-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 4, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero;. (e) with respect to the Group 5 C-B and Class C-X AR Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 5, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to the Class 5-A-2 and Class 5-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 5, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (f) with respect to the Group C-B, Class AR and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to Loan Group 1I, Loan Group 2II, Loan Group 3, Loan Group 4 III and Loan Group 5 IV remaining after giving effect to the distributions pursuant to Section 4.01(A)(aSections 4.01(I)(A)(a), (b), (c), (d) and (ed) above, subject to Sections 4.01(B4.01(I)(B) and 4.01(C(C) below, and further subject to any payments to the Group 1I, Group 2II, Group 3, Group 4 III and Group 5 IV Certificates pursuant to as described in Section 4.06, to the following Classes in the following order of priority: (i) first, to the Class C-B-1 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (ii) second, to the Class C-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-1 Certificates has been reduced to zero; (iii) third, to the Class C-B-2 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (iv) fourth, to the Class C-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-2 Certificates has been reduced to zero; (v) fifth, to the Class C-B-3 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (vi) sixth, to the Class C-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-3 Certificates has been reduced to zero; (vii) seventh, to the Class C-B-4 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (viii) eighth, to the Class C-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-4 Certificates has been reduced to zero; (ix) ninth, to the Class C-B-5 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (x) tenth, to the Class C-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-5 Certificates has been reduced to zero; (xi) eleventh, to the Class C-B-6 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xii) twelfth, to the Class C-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-6 Certificates has been reduced to zero; (xiii) thirteenth, to the Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates, in that order, up to an amount of Net unreimbursed Realized Losses for such previously allocated to that Class, if any; provided, however, that any amounts distributed distribution pursuant to this Section 4.01(A)(f)(xiii4.01(I)(A)(e)(xiii) will shall not cause result in a further reduction in of the Class Principal Balances Balance of any of the Group C-B Certificates; and (xiv) fourteenth, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by Certificates, any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or after the related Credit Support Depletion Date, distributions of the remaining Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1 Certificates as follows: (i) firstI, concurrently, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 1 Certificates entitled to principal, pro rata based on Class Principal Balances, as principal, the Senior Principal Distribution Amount for Loan Group 1II, until their respective Class Principal Balances are reduced to zero; and (iii) third, after any payments to the Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (h) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2, Class A-X, Class AR III and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(h)(i), only the portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 2 Certificates, as principal, the Senior Principal Distribution Amount for Loan Group 2, pro rata based on Class Principal Balances, until their respective Class Principal Balance is reduced to zero; and (iii) third, after any payments to the Group 1, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (i) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 3 will be made with respect to the Group 3, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 3 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(i)(i), only the portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 3 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 3, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (j) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 4 will be made with respect to the Group 4, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 4 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 4, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (k) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will be made with respect to the Group 5, Class C-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 5 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 5, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC);IV. (B) On each Distribution Date, the amount referred to in clause (i) of the definition of Interest Distribution Amount for such Distribution Date for each Class of Group 1I, Group 2II, Group 3III, Group 4, Group 5, IV and Group C-BB Certificates and for each of the Group I, Class A-X Group II, Group III and Class C-X Certificates Group IV Excess Interest Amounts shall be reduced by the Trust Administrator by, by the related Class’s ’ or Excess Interest Amounts’ pro rata share (based on the amount of the Interest Distribution Amount for each such Class or Excess Interest Amount before reduction pursuant to this Section 4.01(B4.01(I)(B)) of (i) Net Prepayment Interest Shortfalls experienced by the for Mortgage Loans in a the related Loan Group for such Distribution Date; and (ii) (A) after the related Special Hazard Coverage Termination Date, with respect to each Group I, Group II, Group III or Group IV Mortgage Loan in a related Loan Group Loan, as applicable, that became a was the subject of Special Hazard Mortgage Loan Loss during the prior calendar month, the excess of one month’s interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, (B) after the related Bankruptcy Coverage Termination Date, with respect to each MortgagGroup I, Group II, Group III or Group IV Mortgage Loan, as applicable, that became subject to a Bankruptcy Loss during the prior calendar month, the interest portion of the related Debt Service Reduction or Deficient Valuation, (C) each Relief Act Reduction for any Group I, Group II, Group III or Group IV Mortgage Loan, as applicable, incurred during the prior calendar month and (D) after the Fraud Loss Coverage Termination Date, with respect to each Group I, Group II, Group III or Group IV Mortgage Loan, as applicable, that became a Fraud Loan during the prior calendar month the excess of one month’s interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month. For purposes of calculating the reduction of the Interest Distribution Amount for each Class of Group C-B Certificates with respect to Loan Group I, Loan Group II, Loan Group III or Loan Group IV such reduction shall be based on the amount of interest accruing at the Net WAC Rate for such Loan Group on such Class’ proportionate share, based on the Class Principal Balance of the related Subordinate Component Balance for that Distribution Date. (C) With respect to each Class of Group C-B Certificates, if on any Distribution Date the related Subordination Level of such Class is less than such percentage as of the Closing Date, no distribution of Principal Prepayments will be made to any Class or Classes of Group C-B Certificates junior to such Class (the “Restricted Classes”) and the amount otherwise distributable to the Restricted Classes in respect of such Principal Prepayments will be allocated among the remaining Classes of Group C-B Certificates, pro rata, based upon their respective Class Principal Balances. (II) With respect to the Group V Certificates: (a) On each Distribution Date, the Trust Administrator shall distribute the Interest Remittance Amount for such date in the following order of priority: (i) to the Class V-A-1 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date; (ii) to the Class V-M 1 Certificates, Current Interest for such Class and such Distribution Date; (iii) to the Class V-M 2 Certificates, Current Interest for such Class and such Distribution Date; and (iv) for application as part of Monthly Excess Cashflow for such Distribution Date as provided in Section 4.01(II)(d), any Interest Remittance Amount remaining for such Distribution Date. (b) On each Distribution Date (A) prior to the Stepdown Date or (B) with respect to which a Trigger Event is in effect, the Trust Administrator shall distribute the Principal Payment Amount for Loan Group V for such date in the following order of priority: (i) to the Class V-A-1 Certificates, until the Class Principal Balance of such Class has been reduced to zero; (ii) to the Class V-M 1 Certificates, until the Class Principal Balance of such Class has been reduced to zero; (iii) to the Class V-M 2 Certificates, until the Class Principal Balance of such Class has been reduced to zero; and (iv) for application as part of Monthly Excess Cashflow for such Distribution Date, as provided in Section 4.01(II)(d), any Principal Payment Amount remaining after application pursuant to Section 4.01(II)(b)(i) through (iii) above. (c) On each Distribution Date (A) on or after the Stepdown Date and (B) with respect to which a Trigger Event is not in effect, the Trust Administrator shall distribute the Principal Payment Amount for Loan Group V for such date in the following order of priority: (i) to the Class V-A-1 Certificates, the Group V Senior Principal Payment Amount, until the Class Principal Balance of such Class has been reduced to zero; (ii) to the Class V-M 1 Certificates, the Class V-M-1 Principal Payment Amount for such Distribution Date, until the Class Principal Balance of such Class has been reduced to zero; (iii) to the Class V-M 2 Certificates, the Class V-M-2 Principal Payment Amount for such Distribution Date, until the Class Principal Balance of such Class has been reduced to zero; and (iv) for application as part of Monthly Excess Cashflow for such Distribution Date, as provided in Section 4.01(II)(d), any Principal Payment Amount remaining after application pursuant to Section 4.01(II)(c)(i) though (iii) above. (d) On each Distribution Date, the Trust Administrator shall distribute the Monthly Excess Cashflow for such date in the following order of priority: (A) until the aggregate Class Principal Balance of the Group V Certificates, other than the Class V-X Certificates, equals the Aggregate Loan Group Balance of Loan Group V for such Distribution Date minus the Targeted Overcollateralization Amount for such date, on each Distribution Date (x) prior to the Stepdown Date or (y) with respect to which a Trigger Event is in effect, to the extent of Monthly Excess Interest for such Distribution Date, to the Group V Certificates, in the following order of priority: 1. to the Class V-A-1 Certificates, until the Class Principal Balance of such Class has been reduced to zero; 2. to the Class V-M 1 Certificates, until the Class Principal Balance of such Class has been reduced to zero; and 3. to the Class V-M 2 Certificates, until the Class Principal Balance of such Class has been reduced to zero. (B) on each Distribution Date (x) on or after the Stepdown Date and (y) with respect to which a Trigger Event is not in effect, to fund any principal distributions required to be made on such Distribution Date set forth above in Section 4.01(II)(c) above, after giving effect to the distribution of the Principal Payment Amount for Loan Group V for such Distribution Date, in accordance with the priorities set forth therein; (ii) to the Class V-A-1 Certificates, any Basis Risk Shortfall due and owing for such Class; (iii) to the Class V-M-1 Certificates, any Basis Risk Shortfall due and owing for such Class; (iv) to the Class V-M-2 Certificates, any Basis Risk Shortfall due and owing for such Class; (v) to the Class V-M 1 Certificates, first, any Carryforward Interest and then any Deferred Amount for such Class; (vi) to the Class V-M 2 Certificates, first any Carryforward Interest and then any Deferred Amount for such Class; (vii) to the Basis Risk Reserve Fund, any Required Basis Risk Reserve Fund Deposit; (viii) to the Class V-X Certificates, the Class V-X Distributable Amount for such Distribution Date together with any amounts withdrawn from the Basis Risk Reserve Fund for distribution to such Class V-X Certificates pursuant to Sections 4.07(b) and (e); and (ix) to the Class AR Certificates, any remaining amount; provided, however that any amount that would be distributable pursuant to this priority (ix) shall not be paid with respect to the Class AR Certificates but shall be paid instead with respect to the Class V-X Certificates pursuant to a contract that exists under this Agreement between the Class AR Certificateholders and the Class V-X Certificateholders.

Priorities of Distribution. (A) On each Distribution Date, with respect to the Group 1, Group 2, Group 3 and Class C-B Certificates, the Trust Administrator shall determine the amounts to be distributed to each Class of Certificates as follows: (a) with respect to the Group 1 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 1, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 1 Certificates entitled to interestand the Class C-M-1 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; Amount for such Distribution Date, any shortfall being allocated pro rata among between such Classes in proportion to the amount of based on the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to on each Distribution Date, from the Group 1 Certificates entitled to principal, the Senior Principal Available Distribution Amount for Loan Group 11 remaining after giving effect to the distributions pursuant to Section 4.01(I)(A)(a)(i) above, in the following order of priority;Group 1 Senior Principal Distribution Amount, as principal, sequentially, as follows: (A) first, to the Class AR and Class AR-L Certificates, pro rata based on their respective Class Principal BalancesBalances immediately prior to such Distribution Date, until their respective Class Principal Balances are have been reduced to zero;; and (B) second, the Group 1 Senior Principal Distribution Amount for that Distribution Date remaining after making the payments specified in clause (A) above, to the Class 1-A-1, Class 1-A-2, Class 1-A-3 A-1 and Class 1C-A-6 M-1 Certificates, pro rata based on its Class Principal BalancesBalance with respect to the Class 1-A-1 Certificates and the Class C-M-1 Group 1 Component Balance with respect to the Class C-M-1 Certificates, in each case immediately prior to such Distribution Date, until their respective Class Principal Balances are have been reduced to zero; (b) with respect to the Group 2 and Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 2, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; Amount for such Distribution Date, any shortfall being allocated pro rata among between such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided however, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(b)(i), only a portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Amount for any Distribution Date on or before the Class 2-A-2/2-A-5 Accretion Termination Date will instead be distributed in accordance with the Class 2-A-2/2-A-5 Accretion Direction Rule; and (ii) second, to the Group 2 Certificates, the Senior Principal Distribution Amount for Loan Group 2, in the following order of priority; (A) first, to the Class 2-A-4, the Group 2 Priority Amount, until its Class Principal Balance is reduced to zero; (B) second, to the Class 2-A-1 Certificates, until its Class Principal Balance is reduced to zero; (C) third, to the Class 2-A-3 Certificates, until its Class Principal Balance is reduced to zero; (D) fourth, to the Class 2-A-2 and Class 2-A-5 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; and (E) fifth, to the Class 2-A-4 Certificates, until its Class Principal Balance is reduced to zero; (c) with respect to Group 3 and the Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 3, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 3 Certificates and the Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Group 3 Certificates entitled to principal, the Senior Distribution Amount for Loan Group 3 to the Class 3-A-1 and Class 3-A-3 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (d) with respect to the Group 4 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below: (i) first, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; and (ii) second, to the Class 4-A-2 and Class 4-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 4, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (e) with respect to the Group 5 and Class C-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 5, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to on each Distribution Date, from the Class 5-A-2 and Class 5-A-3 Certificates, the Senior Principal Available Distribution Amount for Loan Group 52 remaining after giving effect to the distributions pursuant to Section 4.01(I)(A)(b)(i) above, to the Class 2-A-1 and Class 2-A-2 Certificates, as principal, the Group 2 Senior Principal Distribution Amount, pro rata based on their respective Class Principal BalancesBalances immediately prior to such Distribution Date, until their respective Class Principal Balances are have been reduced to zero;. (fc) with respect to the Group 3 Certificates, and from the Available Distribution Amount relating to Loan Group 3: (i) first, concurrently, to the Group 3 Certificates and the Class C-BM-1 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount for such Distribution Date, any shortfall being allocated pro rata between such Classes based on the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, on each Distribution Date, from the Available Distribution Amount for Loan Group 3 remaining after giving effect to the distributions pursuant to Section 4.01(I)(A)(c)(i) above, to the Class AR 3-A-1 and Class C-M-1 Certificates, pro rata based on its Class Principal Balance with respect to the Class 3-A-1 Certificates and the Class C-M-1 Group 3 Component Balance with respect to the Class C-M-1 Certificates, in each case immediately prior to such Distribution Date, until their respective Class Principal Balances have been reduced to zero. (d) with respect to the Class C-B and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 2 and Loan Group 5 3 remaining after giving effect to the distributions pursuant to Section 4.01(A)(a), (b), Sections 4.01(I)(A)(a) through (c), (d) and (e) above, subject to Sections 4.01(B) and 4.01(C4.01(I)(C) below, and further subject to any payments to the Group 1, Group 2, Group 3, Group 4 2 and Group 5 3 Certificates pursuant as described in Section 4.07, to Section 4.06the following Classes in the following order of priority: (i) first, to the Class C-B-1 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (ii) second, to the Class C-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-1 Certificates has been reduced to zero; (iii) third, to the Class C-B-2 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (iv) fourth, to the Class C-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-2 Certificates has been reduced to zero; (v) fifth, to the Class C-B-3 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (vi) sixth, to the Class C-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-3 Certificates has been reduced to zero; (vii) seventh, to the Class C-B-4 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (viii) eighth, to the Class C-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-4 Certificates has been reduced to zero; (ix) ninth, to the Class C-B-5 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (x) tenth, to the Class C-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-5 Certificates has been reduced to zero; (xi) eleventh, to the Class C-B-6 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xii) twelfth, to the Class C-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-6 Certificates has been reduced to zero; (xiii) thirteenth, to the Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates, in that order, up to an amount of Net Realized Losses for such Class, if any; provided, however, that any amounts distributed distribution pursuant to this Section 4.01(A)(f)(xiii4.01(I)(A)(d)(xiii) will shall not cause result in a further reduction in of the Class Principal Balances Balance of any of the Group Class C-B Certificates; and (xiv) fourteenth, any remaining Available Distribution Amount, to the Class AR-L Certificates Certificates, any remaining Available Distribution Amount for Loan Group 1, Loan Group 2 and Loan Group 3, (to the extent that such amount is held by Subsidiary REMIC 1I), or to the Class AR Certificates (to the extent that such amount is held by Certificates, any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or after the related Credit Support Depletion Date, distributions of the remaining Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1 Certificates as follows: (i) first, concurrently, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 1 Certificates entitled to principal, pro rata based on Class Principal Balances, as principal, the Senior Principal Distribution Amount for Loan Group 1, until their respective Class Principal Balances are reduced to zero; and (iii) third, after any payments to the Loan Group 2, 2 and Loan Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class AR-L Certificates 3 (to the extent that such amount is held by Subsidiary REMIC 1III), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (h) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(h)(i), only the portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 2 Certificates, as principal, the Senior Principal Distribution Amount for Loan Group 2, pro rata based on Class Principal Balances, until their respective Class Principal Balance is reduced to zero; and (iii) third, after any payments to the Group 1, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (i) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 3 will be made with respect to the Group 3, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 3 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(i)(i), only the portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 3 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 3, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (j) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 4 will be made with respect to the Group 4, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 4 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 4, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (k) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will be made with respect to the Group 5, Class C-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 5 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 5, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC);. (B) On each Distribution Date, the amount referred to in clause (i) of the definition of Interest Distribution Amount for such Distribution Date for each Class of Group 1, Group 2, Group 3, Group 4, Group 5, Group Class C-B, Class A-X M-1 and Class C-X B Certificates shall be reduced by the Trust Administrator by, by the related Class’s 's pro rata share (based on the amount of the Interest Distribution Amount for each such Class before reduction pursuant to this Section 4.01(B4.01(I)(B)) of (i) Net Prepayment Interest Shortfalls experienced by the for Mortgage Loans in a the related Loan Group for such Distribution Date; Date and (ii) (A) after the related Special Hazard Coverage Termination Date, with respect to each Group 1, Group 2 and Group 3 Mortgage Loan in a related Loan Group Loan, as applicable, that became a was the subject of Special Hazard Mortgage Loan Loss during the prior calendar month, the excess of one month’s 's interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, (B) after the related Bankruptcy Coverage Termination Date, with respect to each MortgagGroup 1, Group 2 or Group 3 Mortgage Loan, as applicable, that became subject to a Bankruptcy Loss during the prior calendar month, the interest portion of the related Debt Service Reduction or Deficient Valuation, (C) each Relief Act Reduction for any Group 1, Group 2 or Group 3 Mortgage Loan, as applicable, incurred during the prior calendar month and (D) after the Fraud Loss Coverage Termination Date, with respect to each Group 1, Group 2 or Group 3 Mortgage Loan, as applicable, that became a Fraud Loan during the prior calendar month the excess of one month's interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month. For purposes of calculating the reduction of the Interest Distribution Amount for the Class C-M-1 Certificates with respect to Loan Group 1 or Loan Group 3, such reduction shall be based on the amount of interest accruing at the Net WAC Rate for such Loan Group on the Class C-M-1 Group 1 Component Balance and Class C-M-1 Group 3 Component Balance, respectively, in each case for such Distribution Date. For purposes of calculating the reduction of the Interest Distribution Amount for each Class of Class C-B Certificates with respect to Loan Group 1, Loan Group 2 or Loan Group 3, such reduction shall be based on the amount of interest accruing at the Net WAC Rate for such Loan Group on such Class's proportionate share, based on the Class Principal Balance of the related Subordinate Component Balance for that Distribution Date. (C) With respect to each Class of Class C-B Certificates, if on any Distribution Date the related Subordination Level of such Class is less than such percentage as of the Closing Date, no distribution of Principal Prepayments shall be made to any Class or Classes of Class C-B Certificates junior to such Class (the "Restricted Classes") and the amount otherwise distributable to the Restricted Classes in respect of such Principal Prepayments shall be allocated among the remaining Classes of Class C-B Certificates, pro rata, based upon their respective Class Principal Balances. (D) The Trust Administrator shall distribute the Mortgage Loan Purchase Price of any Optional Termination of Loan Group 1, Loan Group 2 and Loan Group 3 in excess of the Par Value to the holder of the Class AR-L Certificate. (II) With respect to the Group 4 Certificates: (a) On each Distribution Date or, in the case of payments to the Supplemental Interest Trust, on the related Swap Payment Date, the Trust Administrator shall distribute the Interest Remittance Amount for such date in the following order of priority: (i) to the Supplemental Interest Trust for payment to the Swap Counterparty, an amount equal to the Swap Fee Amount and any Swap Termination Payment not due to a Swap Counterparty Trigger Event for such Distribution Date and any Swap Termination Payment not due to a Swap Counterparty Trigger Event remaining unpaid from a prior Swap Payment Date; (ii) to the Group 4 Senior Certificates, pro rata based on amounts due, Current Interest and any Carryforward Interest for such Class and such Distribution Date; (iii) to the Class 4-M-1 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date; (iv) to the Class 4-M-2 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date; (v) to the Class 4-M-3 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date; (vi) to the Class 4-M-4 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date; (vii) to the Class 4-M-5 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date; (viii) to the Class 4-M-6 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date; (ix) to the Class 4-M-7 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date; (x) to the Class 4-M-8 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date; (xi) to the Class 4-M-9 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date; (xii) to the Class 4-B-1 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date; and (xiii) for application as part of Monthly Excess Cashflow for such Distribution Date as provided in Section 4.01(II)(d), any Interest Remittance Amount remaining for such Distribution Date. (b) On each Distribution Date or, in the case of payments to the Supplemental Interest Trust, on the related Swap Payment Date, (A) prior to the Stepdown Date or (B) with respect to which a Trigger Event is in effect, the Trust Administrator shall distribute the Principal Payment Amount for Loan Group 4 for such date in the following order of priority: (i) to the Supplemental Interest Trust for payment to the Swap Counterparty, any Swap Termination Payment not due to a Swap Counterparty Trigger Event for such Swap Payment Date or remaining unpaid from any prior Swap Payment Date, to the extent remaining unpaid after giving effect to the distributions of the Interest Remittance Amount set forth in Section 4.01(II)(a) hereof for such Swap Payment Date; (ii) to the Group 4 Senior Certificates, pro rata, weighted based on the aggregate Class Principal Balance of four groups of classes (the Class 4-A-1-1 and Class 4-A-1-2 Certificates as the first group, the Class 4-A-2 Certificates as the second group, the Class 4-A-3-1, Class 4-A-3-2 and Class 4-A-3-3 Certificates as the third group and the Class 4-A-4 Certificates as the fourth group), as follows: (1) the pro rata portion of the Principal Payment Amount allocated to the Class 4-A-1-1 and Class 4-A-1-2 Certificates, to the Class 4-A-1-1 and Class 4-A-1-2 Certificates, pro rata, weighted based on the Class Principal Balance with respect the Class 4-A-1-1 Certificates and the Class 4-A-1-2 Adjusted Class Principal Balance with respect to the Class 4-A-1-2 Certificates, until their respective Class Principal Balances have been reduced to zero; (2) the pro rata portion of the Principal Payment Amount allocated to the Class 4-A-2 Certificates, to the Class 4-A-2 Certificates, until its Class Principal Balance has been reduced to zero; (3) the pro rata portion of the Principal Payment Amount allocated to the Class 4-A-3-1, Class 4-A-3-2 and Class 4-A-3-3 Certificates, sequentially to the Class 4-A-3-1, Class 4-A-3-2 and Class 4-A-3-3 Certificates, in that order, in each case until its Class Principal Balance has been reduced to zero; and (4) the pro rata portion of the Principal Payment Amount allocated to the Class 4-A-4 Certificates, to the Class 4-A-4 Certificates, until its Class Principal Balance has been reduced to zero; (iii) to the Class 4-M-1 Certificates, until its Class Principal Balance has been reduced to zero; (iv) to the Class 4-M-2 Certificates, until its Class Principal Balance has been reduced to zero; (v) to the Class 4-M-3 Certificates, until its Class Principal Balance has been reduced to zero; (vi) to the Class 4-M-4 Certificates, until its Class Principal Balance has been reduced to zero; (vii) to the Class 4-M-5 Certificates, until its Class Principal Balance has been reduced to zero; (viii) to the Class 4-M-6 Certificates, until its Class Principal Balance has been reduced to zero; (ix) to the Class 4-M-7 Certificates, until its Class Principal Balance has been reduced to zero; (x) to the Class 4-M-8 Certificates, until its Class Principal Balance has been reduced to zero; (xi) to the Class 4-M-9 Certificates, until its Class Principal Balance has been reduced to zero; (xii) to the Class 4-B-1 Certificates, until its Class Principal Balance has been reduced to zero; and (xiii) for application as part of Monthly Excess Cashflow for such Distribution Date, as provided i

Priorities of Distribution. (A) On each Distribution Date, the Trust Administrator Trustee shall determine the amounts to be distributed to each Class of Certificates as follows: (a) with respect to the Group 1 I Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 1I: (i) first, subject to Section 4.01(B) below: (i) first, to the Group 1 Certificates entitled to interestI Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; Amount for each such Class for such Distribution Date, any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to on each Distribution Date, from the Group 1 Certificates entitled to principal, the Senior Principal Available Distribution Amount for Loan Group 1, in I remaining after giving effect to the following order of priority; (Adistributions pursuant to Section 4.01(A)(a)(i) firstabove, to the Class AR and Class ARI-L A-1 Certificates, pro rata based on the Group I Senior Principal Distribution Amount, until its Class Principal Balances, until their respective Class Principal Balances are Balance has been reduced to zero; (B) second, to the Class 1-A-1, Class 1-A-2, Class 1-A-3 and Class 1-A-6 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero;. (b) with respect to the Group 2 and Class A-X II Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 2II: (i) first, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 2 and Class A-X II Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of for each such shortfall; provided howeverClass for such Distribution Date, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(b)(i), only a portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; provided further, that any Class 2-A-2/2-A-5 Accrual Amount for any Distribution Date on or before the Class 2-A-2/2-A-5 Accretion Termination Date will instead be distributed in accordance with the Class 2-A-2/2-A-5 Accretion Direction Rule; and (ii) second, to the Group 2 Certificates, the Senior Principal Distribution Amount for Loan Group 2, in the following order of priority; (A) first, to the Class 2-A-4, the Group 2 Priority Amount, until its Class Principal Balance is reduced to zero; (B) second, to the Class 2-A-1 Certificates, until its Class Principal Balance is reduced to zero; (C) third, to the Class 2-A-3 Certificates, until its Class Principal Balance is reduced to zero; (D) fourth, to the Class 2-A-2 and Class 2-A-5 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; and (E) fifth, to the Class 2-A-4 Certificates, until its Class Principal Balance is reduced to zero; (c) with respect to Group 3 and the Class A-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 3, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 3 Certificates and the Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(c)(i), only a portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; and (ii) second, to the Group 3 Certificates entitled to principal, the Senior Distribution Amount for Loan Group 3 to the Class 3-A-1 and Class 3-A-3 Certificates, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (d) with respect to the Group 4 Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 4, subject to Section 4.01(B) below: (i) first, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; and (ii) second, to the Class 4-A-2 and Class 4-A-3 Certificates, the Senior Principal Distribution Amount for Loan Group 4, pro rata based on Class Principal Balances, until their respective Class Principal Balances are reduced to zero; (e) with respect to the Group 5 and Class C-X Certificates, before the related Credit Support Depletion Date and from the Available Distribution Amount relating to Loan Group 5, subject to Section 4.01(B) below: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, to on each Distribution Date, from the Class 5-A-2 and Class 5-A-3 Certificates, the Senior Principal Available Distribution Amount for Loan Group 5II remaining after giving effect to the distributions pursuant to Section 4.01(A)(b)(i) above, pro rata based on sequentially, first, to the Class AR Certificates, and second, to the Class II-A-1 Certificates, the Group II Senior Principal BalancesDistribution Amount, until their the respective Class Principal Balances are Balance of each such Class has been reduced to zero;. (c) with respect to the Group III Certificates, and from the Available Distribution Amount relating to Loan Group III: (i) first, subject to Section 4.01(B) below, to the Group III Certificates, an amount allocable to interest equal to the Interest Distribution Amount for each such Class for such Distribution Date, any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, on each Distribution Date, from the Available Distribution Amount for Loan Group III remaining after giving effect to the distributions pursuant to Section 4.01(A)(c)(i) above, to the Class III-A-1 Certificates, the Group III Senior Principal Distribution Amount, until its Class Principal Balance has been reduced to zero. (d) with respect to the Group IV Certificates, from the Available Distribution Amount relating to Loan Group IV: (i) first, subject to Section 4.01(B) below, to the Group IV Certificates, an amount allocable to interest equal to the Interest Distribution Amount for each such Class for such Distribution Date, any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, on each Distribution Date, from the Available Distribution Amount for Loan Group IV remaining after giving effect to the distributions pursuant to Section 4.01(A)(d)(i) above, to the Group IV Certificates, the Group IV Senior Principal Distribution Amount, until its Class Principal Balance has been reduced to zero. (e) with respect to the Group V Certificates, from the Available Distribution Amount relating to Loan Group V: (i) first, subject to Section 4.01(B) below, to the Group V Certificates, an amount allocable to interest equal to the Interest Distribution Amount for each such Class for such Distribution Date, any shortfall being allocated pro rata between such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; and (ii) second, on each Distribution Date, from the Available Distribution Amount for Loan Group V remaining after giving effect to the distributions pursuant to Section 4.01(A)(e)(i) above, to the Class V-A-1 Certificates, the Group V Senior Principal Distribution Amount, until its Class Principal Balance has been reduced to zero. (f) with respect to the Group C-B, B and Class AR and Class AR-L Certificates, before the related Credit Support Depletion Date, from the Available Distribution Amount relating to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5 remaining after giving effect to the distributions pursuant to Section Sections 4.01(A)(a), (b), (c), (d) and (e) above, subject to Sections 4.01(B) and 4.01(C(C) below, and further subject to any payments to the Group 1I, Group 2II, Group 3III, Group 4 IV and Group 5 V Certificates pursuant to as described in Section 4.06, to the following Classes in the following order of priority: (i) first, to the Class C-B-1 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (ii) second, to the Class C-B-1 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-1 Certificates has been reduced to zero; (iii) third, to the Class C-B-2 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (iv) fourth, to the Class C-B-2 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-2 Certificates has been reduced to zero; (v) fifth, to the Class C-B-3 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (vi) sixth, to the Class C-B-3 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-3 Certificates has been reduced to zero; (vii) seventh, to the Class C-B-4 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (viii) eighth, to the Class C-B-4 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-4 Certificates has been reduced to zero; (ix) ninth, to the Class C-B-5 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (x) tenth, to the Class C-B-5 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-5 Certificates has been reduced to zero; (xi) eleventh, to the Class C-B-6 Certificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class for such Distribution Date; (xii) twelfth, to the Class C-B-6 Certificates, an amount allocable to principal equal to its Pro Rata Share for such Distribution Date, until its the Class Principal Balance is of Class C-B-6 Certificates has been reduced to zero; (xiii) thirteenth, to the Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates, in that order, up to an amount of Net unreimbursed Realized Losses for such previously allocated to that Class, if any; provided, however, that any amounts distributed distribution pursuant to this Section 4.01(A)(f)(xiii) will shall not cause result in a further reduction in of the Class Principal Balances Balance of any of the Group C-B Certificates; and (xiv) fourteenthto the Class AR Certificates, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (g) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 1 will be made with respect to the Group 1 Certificates as follows: (i) first, concurrently, to the Group 1 Certificates entitled to interest, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 1 Certificates entitled to principal, pro rata based on Class Principal Balances, as principal, the Senior Principal Distribution Amount for Loan Group 1, until their respective Class Principal Balances are reduced to zero; and (iii) third, after any payments to the Group 2, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (h) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 2 will be made with respect to the Group 2, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 2 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(h)(i), only the portion of the Class A-X Notional Amount derived from the Group 2 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 2 Certificates, as principal, the Senior Principal Distribution Amount for Loan Group 2, pro rata based on Class Principal Balances, until their respective Class Principal Balance is reduced to zero; and (iii) third, after any payments to the Group 1, Group 3, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 1), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (i) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 3 will be made with respect to the Group 3, Class A-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 3 and Class A-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, that for the purposes of distributions to the Class A-X Certificates pursuant to this Section 4.01(A)(i)(i), only the portion of the Class A-X Notional Amount derived from the Group 3 Mortgage Loans will be used to calculate these distributions; (ii) second, to the Group 3 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 3, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 4 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (j) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 4 will be made with respect to the Group 4, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 4 Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 4 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 4, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 5 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC); (k) On or after the related Credit Support Depletion Date, distributions of the Available Distribution Amount for Loan Group 5 will be made with respect to the Group 5, Class C-X, Class AR and Class AR-L Certificates as follows: (i) first, concurrently, to the Group 5 and Class C-X Certificates, an amount allocable to interest equal to the related Interest Distribution Amount; any shortfall being allocated pro rata among such Classes in proportion to the amount of the Interest Distribution Amount that would have been distributed in the absence of such shortfall; (ii) second, to the Group 5 Certificates entitled to principal, the Senior Principal Distribution Amount for Loan Group 5, as principal, pro rata based on Class Principal Balances, until their respective Class Principal Balances is reduced to zero; and (iii) third, after any payments to the Group 1, Group 2, Group 3 and Group 4 Certificates pursuant to Section 4.06, any remaining Available Distribution Amount, to the Class AR-L Certificates (to the extent that such amount is held by Subsidiary REMIC 2), or to the Class AR Certificates (to the extent that such amount is held by any of Middle REMIC 1, Middle REMIC 2 or the Master REMIC);. (B) On each Distribution Date, the amount referred to in clause (i) of the definition of Interest Distribution Amount for such Distribution Date for each Class of Group 1, Group 2, Group 3, Group 4, Group 5, Group C-B, Class A-X and Class C-X Certificates shall be reduced by the Trust Administrator by, Trustee by the related Class’s ’ pro rata share (based on the amount of the Interest Distribution Amount for each such Class before reduction pursuant to this Section 4.01(B)) of (i) Net Prepayment Interest Shortfalls experienced by the for Mortgage Loans in a the related Loan Group for such Distribution Date; and (ii) (A) after the related Special Hazard Coverage Termination Date, with respect to each Mortgage Loan in a related Loan Group that became a was the subject of Special Hazard Mortgage Loan Loss during the prior calendar monthrelated Prepayment Period, the excess of one month’s interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month, (B) after the related Bankruptcy Coverage Termination Date, with respect to each MortgagMortgage Loan that became subject to a Bankruptcy Loss during the related Prepayment Period, the interest portion of the related Debt Service Reduction or a reduction of interest resulting from a Deficient Valuation, (C) each Relief Act Reduction for any Mortgage Loan incurred during the related Prepayment Period and (D) after the Fraud Loss Coverage Termination Date, with respect to each Mortgage Loan that became a Fraud Loan during the related Prepayment Period the excess of one month’s interest at the related Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in such month over the amount of Liquidation Proceeds applied as interest on such Mortgage Loan with respect to such month. For purposes of calculating the reduction of the Interest Distribution Amount for each Class of Group C-B Certificates with respect to each Loan Group such reduction shall be based on the amount of interest accruing at the Net WAC Rate for such Loan Group on such Class’ proportionate share, based on the Class Principal Balance of the related Subordinate Component Balance for that Distribution Date. (C) With respect to each Class of Group C-B Certificates, if on any Distribution Date the related Subordination Level of such Class is less than such percentage as of the Closing Date, no distribution of Principal Prepayments will be made to any Class or Classes of Group C-B Certificates junior to such Class (the “Restricted Classes”) and the amount otherwise distributable to the Restricted Classes in respect of such Principal Prepayments will be allocated among the remaining Classes of Group C-B Certificates, pro rata, based upon their respective Class Principal Balances.