Common use of REMIC V Clause in Contracts

REMIC V. As provided herein, the Securities Administrator will make an election to treat the segregated pool of assets consisting of the Class P Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC V”. The R-5 Interest will represent the sole class of “residual interests” in REMIC V for purposes of the REMIC Provisions. The following table irrevocably sets forth the Class designation, Pass-Through Rate and Initial Certificate Principal Balance for each Class of Certificates that represents one or more of the “regular interests” in REMIC V created hereunder: Class Designation Initial Certificate Principal Balance Pass-Through Rate Assumed Final Distribution Date(1) Class P $ 100 (2) October 25, 2036 ___________________

REMIC V. As provided herein, the Securities Administrator will make an election to treat the segregated pool of assets consisting of the Class P IO Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC V”. The R-5 Interest interest will represent the sole class of “residual interests” in REMIC V for purposes of the REMIC Provisions. The following table irrevocably sets forth the Class designation, Pass-Through Rate and Initial Certificate Principal Balance for each Class of Certificates that represents one or more of the “regular interests” in REMIC V created hereunder: Class Designation Initial Certificate Principal Notional Balance Pass-Through Rate Assumed Final Distribution Date(1) Class P $ 100 Swap-IO (2) October (3) June 25, 2036 ___________________