Common use of STATEMENTS TO BONDHOLDERS Clause in Contracts

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website http://www.corporatetrust.db.com or ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on to each Bondholder and each Certificateholder, the Bond Insurer, the Derivative Contract Counterparty, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Available Funds and Net Monthly Excess Cash Flow payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; (a) the amount of such distribution to each Class of Class A Bonds and Class B Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the Insured Amount, if any, paid by the Bond Insurer under the Bond Insurance Policy for such Payment Date and the aggregate Insured Amounts for all prior Payment Dates paid by the Bond Insurer under the Bond Insurance Policy and not yet reimbursed; (v) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (vi) the amount of such distribution to the Certificates; (vii) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (viii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period; (ix) the aggregate Bond Principal Balance of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class A Bonds and Class B Bonds after giving effect to the distribution of principal on such Payment Date; (x) the amount of any Principal Available Funds Shortfalls for such Payment Date; (xi) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month; (xii) the Net Derivative Contract Payment Amount; (xiii) the Overcollateralization Increase Amount, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date; (xiv) the amount of any Advances and Compensating Interest payments; (xv) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xvi) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Sale and Contribution Agreement or any Subsequent Mortgage Loan Sale and Contribution Agreement, as applicable for the related Payment Date and cumulatively since the Closing Date; (xvii) the Sixty Day Rolling Delinquency Percentage, Ninety Day Rolling Delinquency Percentage and Cumulative Losses for such Payment Date; (xviii) the book value of any REO Property; (xix) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date; (xx) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; and (xxi) the amount withdrawn from the Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Pre-Funding Account used to buy certain Subsequent Mortgage Loans prior to such Payment Date. Items (iii) and (v) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (v) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders.

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website http://www.corporatetrust.db.com or ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on to each Bondholder and each Certificateholder, the Bond Insurer, the Derivative Contract Counterparty, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Available Funds and the Net Monthly Excess Cash Flow Cashflow payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such all prior Payment DateDates; (a) the amount of such distribution to each Class of Class A Bonds and Class B Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the Insured Amount, if any, paid by the Bond Insurer under the Bond Insurance Policy for such Payment Date and the aggregate Insured Amounts for all prior Payment Dates paid by the Bond Insurer under the Bond Insurance Policy and not yet reimbursed; (v) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (vi) the amount of such distribution to the Certificates; (vii) if the distribution to the Holders of any either Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (viii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period; (ix) the aggregate Bond Principal Balance of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class A Bonds and Class B Bonds after giving effect to the distribution of principal on such Payment Date; (x) the amount of any Principal Available Funds Shortfalls for such Payment Date; (xi) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 3130-60 59 days, 6160-90 89 days, 91 90 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar monthDue Period; (xi) the Cap Contract Payment Amounts; (xii) the Net Derivative Contract Payment Amount; (xiii) the Required Overcollateralization Increase Amount, Overcollateralization Release Amount, Net Monthly Excess Cash Flow, Excess Overcollateralization Target Amount and Overcollateralized Overcollateralization Increase Amount, if any, in each case as the end of the related Payment Date; (xivxiii) the amount of any Advances and Compensating Interest payments; (xvxiv) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xvixv) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Sale and Contribution Agreement or any Subsequent Mortgage Loan Sale and Contribution Agreement, as applicable for the related Payment Date and cumulatively since the Closing Date; (xviixvi) the Sixty Day Rolling Delinquency Cumulative Loss Percentage, Ninety Day Delinquency Percentage and Rolling Delinquency Percentage and Cumulative Losses for such Payment Date; (xviiixvii) the book value of any REO Property; (xixxviii) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date;; and (xxxix) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; and (xxi) the amount withdrawn from the Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Pre-Funding Account used to buy certain Subsequent Mortgage Loans prior to such Payment Date. Items (iii) and (v) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (vxii) with respect to the Bonds for such calendar year. The Indenture Trustee will make the monthly statements (and, at its option, any additional files containing the same information in an alternative format) available each month to Securityholders, the Bond Insurer, each Certificateholder, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency via the Indenture Trustee's internet website and its fax-on-demand service; provided, however, that in the event that any monthly statement is not available in such manner, at the request of any Certificateholder or the Bond Insurer, the Indenture Trustee will deliver such monthly statement to such Certificateholder or the Bond Insurer. The Indenture Trustee's fax-on-demand service may be accessed by calling (▇▇▇) ▇▇▇-▇▇▇▇. The Indenture Trustee's internet website shall initially be located at "▇▇▇.▇▇▇▇▇▇▇.▇▇▇". Assistance in using the website or the fax-on-demand service can be obtained by calling the Indenture Trustee's customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Indenture Trustee shall have the right to change the way monthly statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Indenture Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount amounts of the Net Derivative Cap Contract Payment Amount Amounts furnished to the Indenture Trustee pursuant to the Derivative Cap Contracts in its preparation of its Statement to Bondholders.

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website http://www.corporatetrust.db.com or https://www.corporatetrust.▇▇.▇▇▇/▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on nt's option to each Bondholder and each Certificateholder, the Bond Insurer, the Derivative Contract Counterparty, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Available Funds and Net Monthly Excess Cash Flow payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; (a) the amount of such distribution to each Class of Class A Bonds and Class B Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the Insured Amount, if any, paid by the Bond Insurer under the Bond Insurance Policy for such Payment Date and the aggregate Insured Amounts for all prior Payment Dates paid by the Bond Insurer under the Bond Insurance Policy and not yet reimbursed[reserved]; (v) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (vi) the amount of such distribution to the Certificates; (vii) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (viii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period; (ix) the aggregate Bond Principal Balance of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class A Bonds and Class B Bonds after giving effect to the distribution of principal on such Payment Date; (x) the amount of any Principal Available Funds Shortfalls for such Payment Date; (xi) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month; (xiixi) the Net Derivative Contract Payment Amount; (xiiixii) the Overcollateralization Increase Amount, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date; (xivxiii) the amount of any Advances and Compensating Interest payments; (xvxiv) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xvixv) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Sale and Contribution Agreement or any Subsequent Mortgage Loan Sale and Contribution Agreement, as applicable for the related Payment Date and cumulatively since the Closing Date; (xviixvi) the Sixty Day Rolling Delinquency Percentage, Ninety Day Rolling Delinquency Percentage and Cumulative Losses for such Payment Date; (xviiixvii) the book value of any REO Property; (xixxviii) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date; (xxxix) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; and (xxixx) the amount withdrawn from the Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Pre-Funding Account used to buy certain Subsequent Mortgage Loans prior to Net Derivative Fee for such Payment Date. Items (iii) and (v) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (v) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders.

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website http://www.corporatetrust.db.com or ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on deliver to each Bondholder and each Certificateholder, Bondholder, the Bond Insurer, the Derivative Contract Counterparty, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Available Funds and the Net Monthly Excess Cash Flow Cashflow payable to each Class of the Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount on each Class of the Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of the Bonds for such all prior Payment DateDates; (a) the amount of such distribution to each Class of Class A Bonds and Class B the Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the Insured Amount, if any, paid by the Bond Insurer under the Bond Insurance Policy for such Payment Date and the aggregate Insured Amounts for all prior Payment Dates paid by the Bond Insurer under the Bond Insurance Policy and not yet reimbursed; (v) the amount of such distribution to Holders of each Class of the Bonds allocable to interest; (vi) the amount of such distribution to the Trust Certificates; (vii) if the distribution to the Holders of any Class of the Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (viii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as after giving effect to the distribution of the end of the related Due Periodprincipal on such Payment Date; (ix) the aggregate Bond Principal Balance of each Class of the Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class A Bonds and Class B Bonds after giving effect to the distribution of principal on such Payment Date; (x) the amount of any Principal Available Funds Shortfalls for such Payment Date; (xi) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 3130-60 59 days, 6160-90 89 days, 91 90 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar monthDue Period; PROVIDED, HOWEVER, that such information will not be provided on the statements relating to the first Payment Date; (xi) the Cap Contract Payment Amount; (xii) the Net Derivative Contract Payment Amount; (xiii) the Required Overcollateralization Increase Amount, Overcollateralization Release Amount, Net Monthly Excess Cashflow, Excess Overcollateralization Target Amount and Overcollateralized Overcollateralization Increase Amount, if any, in each case as the end of the related Payment Date; (xivxiii) the amount of any Advances and Compensating Interest payments; (xvxiv) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xvixv) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Sale and Contribution Agreement or any Subsequent Mortgage Loan Sale and Contribution Agreement, as applicable for the related Payment Date and cumulatively since the Closing Date; (xviixvi) the Sixty Day Rolling Delinquency Cumulative Loss Percentage, Ninety Day Delinquency Percentage and Rolling Delinquency Percentage and Cumulative Losses for such Payment Date; (xviiixvii) the book value of any REO Property; (xixxviii) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date;; and (xxxix) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; and (xxi) the amount withdrawn from the Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Pre-Funding Account used to buy certain Subsequent Mortgage Loans prior to such Payment Date. Items (iii), (v) and (vvi) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv), (vi) and (vxii) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Determination Date Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders.

STATEMENTS TO BONDHOLDERS. (a) With Subject to Section 3.26 of this Indenture, with respect to each Payment Date, the Indenture Trustee shall make available via Bond Administrator, on behalf of the Indenture Trustee's website http://www.corporatetrust.db.com or ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on , shall deliver to each Bondholder Certificateholder and each CertificateholderBondholder, the Bond Insurer, the Derivative Contract CounterpartyIndenture Trustee, the DepositorSeller, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as with respect to the each Group and each Class of Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage LoansLoans in each Group with respect to such Payment Date; (ii) the Available Funds and Net Monthly Excess Cash Flow payable to each Class of Bondholders for such Interest Payment Date, the Basis Risk Shortfall Carry-Forward Amount on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on Principal Payment Amount for each Class of Bonds for such Payment Date, and, with respect to the Class A-1 and Class A-2 Bonds, the Carry-Forward Amount for such Payment Date, and the aggregate unpaid Carry-Forward Amount for all prior Payment Dates; (aiii) the amount of such distribution to each the aggregate distributions on the Class of A-1 Bonds, the Class A Bonds and A-2 Bonds, the Class A-3 Bonds, the Class A-4 Bonds, the Class B Bonds applied to reduce and the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal PrepaymentsClass IO Bonds for such Payment Date; (iv) the Insured AmountScheduled Payments, if any, paid by the Bond Insurer under the Bond Insurance Policy for such Payment Date and the aggregate Insured Amounts Scheduled Payments for all prior Payment Dates paid by the Bond Insurer under the Bond Insurance Policy and not yet reimbursed; (v) the amount aggregate Principal Balance of such distribution to Holders the Mortgage Loans in each Group as of each Class the end of Bonds allocable to interestthe preceding Due Period; (vi) the amount of such distribution to the Certificates; (vii) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (viii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period; (ix) the aggregate Bond Principal Balance of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class A Bonds and Class B Bonds after giving effect to the distribution of principal on such Payment Date; (x) the amount of any Principal Available Funds Shortfalls for such Payment Date; (xi) the number and aggregate Stated Principal Balances of Mortgage Loans in each Group (a) as to which the Monthly Payment is delinquent for 3130-60 59 days, 6160-89 days and 90 days, 91 or more daysdays (excluding any Mortgage Loans in foreclosure or that have become REO Property), respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar monthDue Period; provided, however, that such information will not be provided on the statements relating to the first Payment Date; (xiivii) the Net Derivative Contract Payment Amount; (xiii) the Overcollateralization Increase Amount, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in Weighted Average Mortgage Rate for each case as the end of Group for the related Payment Date; (xivviii) the related Required Subordination Amount, Subordination Amount, Subordination Increase Amount, Net Monthly Excess Cashflow and Subordination Reduction Amount for each Class of Class A Bonds on such Payment Date; (ix) the amount of any Advances and Compensating Interest paymentspayments for such Payment Date for each Group; (xvx) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date for each Group; (xi) the amount of any unpaid accrued interest on the Class A-1 Bonds, the Class A-2 Bonds, the Class A-3 Bonds, the Class A-4 Bonds, the Class B Bonds and the Class IO Bonds after such Payment Date; (xvixii) the Bond Principal Balance of each Class of Bonds (IO Notional Balance, in the case of the Class IO Bonds) after giving effect to the distribution of principal on such Payment Date; (xiii) the Bond Interest Rate for each Class of Bonds (or, in the case of the Subordinated Bonds, each Component) and such Payment Date; (xiv) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Sale and Contribution Purchase Agreement or any Subsequent Mortgage Loan Sale and Contribution Agreement, as applicable for the related Payment Date and cumulatively since the Closing Date; (xviixv) the Sixty Day Rolling Cumulative Loss Percentage, Delinquency Percentage, Ninety Day Delinquency Amount and Rolling Delinquency Percentage and Cumulative Losses for such Payment Date; (xviii) the book value of any REO Property; (xixxvi) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date; (xxxvii) the aggregate Stated number and Principal Balance of Converted Mortgage Loans purchased pursuant to Section 3.18 the Converted Loan Purchase Agreement for the related Payment Date and cumulatively since the Closing Date; (xviii) the aggregate number and Principal Balance of Converted Mortgage Loans remaining as of the Servicing Agreement related Payment Date; (xix) the aggregate amount collected with respect to any prepayment penalties on the Mortgage Loans for such Payment Date; (xx) the aggregate number, Principal Balance and percentage of Mortgage Loans for which claims were submitted to the MI Insurer and the aggregate number, Principal Balance and percentage of Mortgage Loans for which claims were rejected by the MI Insurer for the related Payment Date and cumulatively since the Closing Date; and (xxi) the amount withdrawn from the Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Pre-Funding Account used to buy certain Subsequent Mortgage Loans prior to such Payment Date. Items (iii) and (v) above shall be presented on the basis of if a Bond having a $1,000 denominationMI Insurer Insolvency Event has occurred. In addition, by January 31 _______________ of each calendar year following any year during which the Bonds are outstanding, the Bond Administrator, on behalf of the Indenture Trustee Trustee, shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (ivii) and (viii) with respect to the Bonds for such calendar year. The Bond Administrator, on behalf of the Indenture Trustee Trustee, in the absence of manifest error may conclusively rely upon the Remittance Determination Date Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholdersthe Bondholders pursuant to this Section 7.05.

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website http://www.corporatetrust.db.com or https://www.corporatetrust.db.com/i▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on to each Bondholder and each Certificateholder, the Bond Insurer, the Derivative Contract Counterparty, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Available Funds and Net Monthly Excess Cash Flow Flow, payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; (a) the amount of such distribution to each Class of Class A Bonds A, Class M and Class B Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the Insured Amount, if any, paid by the Bond Insurer under the Bond Insurance Policy for such Payment Date and the aggregate Insured Amounts for all prior Payment Dates paid by the Bond Insurer under the Bond Insurance Policy and not yet reimbursed; (v) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (vi) the amount of such distribution to the Certificates; (vii) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (viii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period; (ix) the aggregate Bond Principal Balance of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class A Bonds A, Class M and Class B Bonds after giving effect to the distribution of principal on such Payment Date; (x) the amount of any Principal Available Funds Shortfalls for such Payment Date; (xi) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month; (xii) the Net Derivative Contract Payment Amount; (xiii) the Overcollateralization Increase AmountAmount with respect to each Loan Group, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date; (xiv) the amount of any Advances and Compensating Interest payments; (xv) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xvi) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Sale and Contribution Agreement or any Subsequent Mortgage Loan Sale and Contribution Agreement, as applicable for the related Payment Date and cumulatively since the Closing Date; (xvii) the Sixty Day Rolling Delinquency Percentage, Ninety Day Rolling Delinquency Percentage and Cumulative Losses for such Payment Date; (xviii) the book value of any REO Property; (xix) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date;; and (xx) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; and (xxi) the amount withdrawn from the Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Pre-Funding Account used to buy certain Subsequent Mortgage Loans prior to such Payment Date. Items (iii) and (v) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (v) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders.

STATEMENTS TO BONDHOLDERS. (a) With Subject to Section 3.26 of this Indenture, with respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website http://www.corporatetrust.db.com or ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on deliver to each Bondholder Certificateholder and each CertificateholderBondholder, the Bond Insurer, the Derivative Contract Counterparty, the DepositorCompany, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage LoansLoans with respect to such Payment Date; (ii) the Available Funds Class A-1 Interest Payment Amount and Net Monthly Excess Cash Flow the Principal Payment Amount payable to each the Bondholders holding the Class of Bondholders A-1 Bonds for such Payment Date, the Basis Risk Shortfall Class A-1 Guaranteed Interest Payment Amount and the Class A-1 Carry- Forward Amount for such Payment Date, and the aggregate unpaid Class A-1 Carry-Forward Amount on each for all prior Payment Dates, and the Class of A-2 Interest Payment Amount and the Principal Payment Amount payable to the Bondholders holding the Class A-2 Bonds for such Payment Date Date, the Class A-2 Guaranteed Interest Payment Amount and the Class A-2 Carry- Forward Amount for such Payment Date, and the aggregate Unpaid Interest Shortfall on each unpaid Class A-2 Carry-Forward Amount for all prior Payment Dates; (iii) the amount of the aggregate distribution to the Bondholders holding the Class A-1 Bonds and the Bondholders holding the Class A-2 Bonds for such Payment Date; (a) the amount of such distribution to each Class of Class A Bonds and Class B Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the Insured AmountPayments, if any, paid by the Bond Insurer under the Bond Insurance Policy for such Payment Date and the aggregate Insured Amounts Payments for all prior Payment Dates paid by the Bond Insurer under the Bond Insurance Policy and not yet reimbursed; (v) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (vi) the amount of such distribution to the Certificates; (vii) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (viii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related preceding Due Period; (ix) the aggregate Bond Principal Balance of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class A Bonds and Class B Bonds after giving effect to the distribution of principal on such Payment Date; (x) the amount of any Principal Available Funds Shortfalls for such Payment Date; (xivi) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 3130-60 59 days, 6160-89 days and 90 days, 91 or more daysdays (excluding any Mortgage Loans in foreclosure or that have become REO Property), respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar monthDue Period; provided, however, that such information will not be provided on the statements relating to the first Payment Date; (xiivii) the Net Derivative Contract Payment Amount; (xiii) the Overcollateralization Increase Amount, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of Weighted Average Mortgage Rate for the related Payment Date; (xivviii) the Required Subordination Amount, Subordination Amount, Subordination Increase Amount, Net Monthly Excess Cashflow and Subordination Reduction Amount for such Payment Date; (ix) the amount of any Advances and Compensating Interest paymentspayments for such Payment Date; (xvx) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xvixi) the amount of any unpaid accrued interest on the Class A-1 Bonds and the Class A-2 Bonds after such Payment Date; (xii) the aggregate Bond Principal Balance, Class A-1 Bond Principal Balance and Class A-2 Bond Principal Balance after giving effect to the distribution of principal on such Payment Date; (xiii) the Maximum Interest Rate, Class A-1 Bond Interest Rate, Class A-2 Bond Interest Rate and Bond Interest Rate for such Payment Date; (xiv) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Sale and Contribution Purchase Agreement or any Subsequent Mortgage Loan Sale and Contribution Agreement, as applicable for the related Payment Date and cumulatively since the Closing Date; (xviixv) the Sixty Day Rolling Cumulative Loss Percentage, Delinquency Percentage, Ninety Day Delinquency Amount and Rolling Delinquency Percentage and Cumulative Losses for such Payment Date; (xviii) the book value of any REO Property; (xixxvi) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date; (xxxvii) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; and; (xxixviii) the aggregate amount withdrawn from the Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Pre-Funding Account used to buy certain Subsequent Mortgage Loans prior to such Payment Date. Items (iii) and (v) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (v) collected with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and any prepayment penalties on the Mortgage Loans; (xix) the aggregate amount of all payments received from the Net Derivative Contract Payment Amount furnished to First and Second CAP Provider under the Indenture Trustee First and Second CAP Agreements and from ML&Co pursuant to the Derivative Contracts in its preparation of its Statement ML&Co Guaranty, all payments made to Bondholdersthe First and Second CAP Provider under the First and Second CAP Agreements, and all payments received from the Third CAP Provider under the Third CAP Agreement.

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website http://www.corporatetrust.db.com or https://www.corporatetrust.▇▇.▇▇▇/▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on nt's option to each Bondholder and each Certificateholder, the Bond Insurer, the Derivative Contract Counterparty, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Group 1 Available Funds Funds, Group 2 Available Funds, and Net Monthly Excess Cash Flow Flow, with respect to the Group 1 Loans and Group 2 Loans, payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; (a) the amount of such distribution to each Class of Class A Bonds 1-A-1, Class 2- A-1 and Class B 1-B-1 Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the Group 1 Insured Amount and Group 2 Insured Amount, if any, paid by the Bond Insurer under the Bond Insurance Policy for such Payment Date and the aggregate Insured Amounts for all prior Payment Dates paid by the Bond Insurer under the Bond Insurance Policy and not yet reimbursed; (v) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (vi) the amount of such distribution to the Certificates; (vii) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (viii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period, determined in the aggregate and separately for Loan Group 1 and Loan Group 2; (ix) the aggregate Bond Principal Balance of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class A Bonds 1-A-1, Class 2-A-1 and Class B 1-B-1 Bonds after giving effect to the distribution of principal on such Payment Date; (x) the amount of any Group 1 Principal Available Funds Shortfalls for such Payment Date; (xi) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month, determined in the aggregate and separately for Loan Group 1 and Loan Group 2; (xii) the Group 1 Net Derivative Contract Payment Amount and Group 2 Net Derivative Contract Payment Amount; (xiii) the Overcollateralization Increase AmountAmount with respect to each Loan Group, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date, in each case as determined separately for each Loan Group; (xiv) the amount of any Advances and Compensating Interest payments; (xv) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xvi) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Sale and Contribution Agreement or any Subsequent Mortgage Loan Sale and Contribution Agreement, as applicable for the related Payment Date and cumulatively since the Closing DateDate determined in the aggregate and separately for Loan Group 1 and Loan Group 2; (xvii) the Sixty Day Rolling Delinquency Percentage, Ninety Day Rolling Delinquency Percentage and Cumulative Losses for such Payment DateDate for Loan Group 2; (xviii) the book value of any REO Property; (xix) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date;; and (xx) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; and (xxi) the amount withdrawn from the Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Pre-Funding Account used to buy certain Subsequent Mortgage Loans prior to such Payment Date. Items (iii) and (v) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (v) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders.

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment -------------------------- Date, the Indenture Trustee shall make available via the Indenture Trustee's website http://www.corporatetrust.db.com or https://www.corporatetrust.db.com/i▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on 's option to each Bondholder and each Certificateholder, the Bond Insurer, the Derivative Contract Counterparty, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Group 1 Available Funds, Group 2 Available Funds, Group 3 Available Funds and Net Monthly Excess Cash Flow Flow, with respect to the Group 1 Loans, Group 2 Loans and Group 3 Loans, payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; (a) the amount of such distribution to each Class of 1-A, Class A Bonds 2-A-1, Class 3-A, Class 3-M-1, Class 3-M-2 and Class 3-B Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the Class 1-A Insured Amount, Class 2-A-1 Insured Amount and Class 2-A-2 Insured Amount, if any, paid by the Bond Insurer under the Bond Insurance Policy for such Payment Date and the aggregate Insured Amounts for all prior Payment Dates paid by the Bond Insurer under the Bond Insurance Policy and not yet reimbursed; (v) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (vi) the amount of such distribution to the Certificates; (vii) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (viii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period, determined in the aggregate and separately for Loan Group 1, Loan Group 2 and Loan Group 3; (ix) the aggregate Bond Principal Balance of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class A Bonds 1-A, Class 2-A-1, Class 2-A-2, Class 3-A, Class 3-M-1, Class 3-M-2 and Class 3-B Bonds after giving effect to the distribution of principal on such Payment Date; (x) the amount of any Principal Available Funds Shortfalls for such Payment Date; (xi) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month, determined in the aggregate and separately for Loan Group 1, Loan Group 2 and Loan Group 3; (xiixi) the Group 1 Net Derivative Contract Payment Amount, Group 2 Net Derivative Contract Payment Amount and Group 3 Net Derivative Contract Payment Amount; (xiiixii) the Overcollateralization Increase AmountAmount with respect to each Loan Group, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date, in each case as determined separately for each Loan Group; (xivxiii) the amount of any Advances and Compensating Interest payments; (xvxiv) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xvixv) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Sale and Contribution Purchase Agreement or any Subsequent Mortgage Loan Sale and Contribution Agreement, as applicable for the related Payment Date and cumulatively since the Closing DateDate determined in the aggregate and separately for Loan Group 1, Loan Group 2 and Loan Group 3; (xvii) the Sixty Day Rolling Delinquency Percentage, Ninety Day Rolling Delinquency Percentage and Cumulative Losses for such Payment Date; (xviiixvi) the book value of any REO Property; (xixxvii) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date;; and (xxxviii) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; and (xxi) the amount withdrawn from the Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Pre-Funding Account used to buy certain Subsequent Mortgage Loans prior to such Payment Date. Items (iii) and (v) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (v) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Group 1, Group 2 and Group 3 Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders.

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website http://www.corporatetrust.db.com or ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on deliver to each Bondholder and each Certificateholder, the Bond Insurer, the Derivative Contract CounterpartyBondholder, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bondseach Class of Bonds and Certificates, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Available Funds Interest Remittance Amount, Principal Remittance Amount and Net Monthly Excess Cash Flow Bond Principal Distribution Amount payable to each Class of the Bondholders and Certificates for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds Shortfalls for such all prior Payment DateDates; (a) the amount of such distribution to the Holders of each Class of Class A Bonds and Class B Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iva) the Insured Amountamount of such distribution to the Holders of each Class of Class C Certificates applied to reduce the Certificate Principal Balance thereof, if any, paid by the Bond Insurer under the Bond Insurance Policy for such Payment Date and (b) the aggregate Insured Amounts for all prior Payment Dates paid by the Bond Insurer under the Bond Insurance Policy and not yet reimbursedamount included therein representing Principal Prepayments; (v) the amount of such distribution to Holders of each such Class of Bonds allocable to interest; (vi) the amount of such distribution to the CertificatesHolders of such Class of Certificates allocable to interest; (vii) if the distribution to the Holders of any Class of Bonds or Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (viii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as after giving effect to the distribution of the end of the related Due Periodprincipal on such Payment Date; (ix) the aggregate Bond Principal Balance of each Class of the Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class A Bonds and Class B Bonds after giving effect to the distribution of principal on such Payment Date; (x) the amount aggregate Certificate Principal Balance of each Class of Class C Certificates, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Certificate Principal Available Funds Shortfalls for Balance of all of the Certificates after giving effect to the distribution of principal on such Payment Date; (xi) the Certificate Interest Rate on each Class of Certificates, (xii) the Notional Amount of the Class X Certificates, after giving effect to the amounts distributed on such Payment Date, (xiii) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 3130-60 59 days, 6160-90 89 days, 91 90 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month; (xii) Due Period; provided, however, that such information will not be provided on the Net Derivative Contract Payment Amount; (xiii) statements relating to the Overcollateralization Increase Amount, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related first Payment Date; (xiv) the amount of any Advances and Compensating Interest payments; (xv) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xvi) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Sale and Contribution Agreement or any Subsequent Mortgage Loan Sale and Contribution Agreement, as applicable for the related Payment Date and cumulatively since the Closing Date; (xvii) the Sixty Day Rolling Delinquency Percentage, Ninety Day Rolling Delinquency Percentage and Cumulative Losses for such Payment Date; (xviii) the book value of any REO Property;; and (xix) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date; (xxxviii) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; and (xxi) the amount withdrawn from the Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Pre-Funding Account used to buy certain Subsequent Mortgage Loans prior to such Payment Date. Items (iii), (iv), (v), (vi), (vii), (ix), (x) and (vxii) above shall be presented on the basis of a Bond or Certificate, as applicable, having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (ivv), (vii) and (vxiii) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Determination Date Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders.

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website http://www.corporatetrust.db.com or http://www- apps.gis.deutsche-bank.▇▇▇/▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on to each Bondholder and each Certificateholder, the Bond Insurer, the Derivative Contract Counterparty, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Available Funds and Net Monthly Excess Cash Flow payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; (a) the amount of such distribution to each Class of Class A A-1 Bonds and Class B Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the Insured Amount, if any, paid by the Bond Insurer under the Bond Insurance Policy for such Payment Date and the aggregate Insured Amounts for all prior Payment Dates paid by the Bond Insurer under the Bond Insurance Policy and not yet reimbursed; (v) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (vi) the amount of such distribution to the Certificates; (vii) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (viii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period; (ix) the aggregate Bond Principal Balance or Notional Amount of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class A A-1 Bonds and Class B Bonds after giving effect to the distribution of principal on such Payment Date; (x) the amount of any Principal Available Funds Shortfalls for such Payment Date; (xi) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month; (xii) the Net Derivative Contract Payment Amount; (xiii) the Overcollateralization Increase Amount, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date; (xiv) the amount of any Advances and Compensating Interest payments; (xv) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xvi) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Sale and Contribution Agreement or any Subsequent Mortgage Loan Sale and Contribution Agreement, as applicable for the related Payment Date and cumulatively since the Closing Date; (xvii) the Sixty Day Rolling Delinquency Percentage, Ninety Day Rolling Delinquency Percentage and Cumulative Losses for such Payment Date; (xviii) the book value of any REO Property; (xix) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date;; and (xx) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; and (xxi) the amount withdrawn from the Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Pre-Funding Account used to buy certain Subsequent Mortgage Loans prior to such Payment Date. Items (iii) and (v) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (v) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders.

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website http://www.corporatetrust.db.com or http://www- apps.gis.deutsche-bank.▇▇▇/▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on to each Bondholder and each Certificateholder, the Bond Insurer, the Derivative Contract Counterparty, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Available Funds and Net Monthly Excess Cash Flow payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; (a) the amount of such distribution to each Class of Class A Bonds and Class B Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the Insured Amount, if any, paid by the Bond Insurer under the Bond Insurance Policy for such Payment Date and the aggregate Insured Amounts for all prior Payment Dates paid by the Bond Insurer under the Bond Insurance Policy and not yet reimbursed; (v) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (vi) the amount of such distribution to the Certificates; (vii) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (viii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period; (ix) the aggregate Bond Principal Balance of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class A Bonds and Class B Bonds after giving effect to the distribution of principal on such Payment Date; (x) the amount of any Principal Available Funds Shortfalls for such Payment Date; (xi) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month; (xii) the Net Derivative Contract Payment Amount; (xiii) the Overcollateralization Increase Amount, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date; (xiv) the amount of any Advances and Compensating Interest payments; (xv) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xvi) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Sale and Contribution Agreement or any the Subsequent Mortgage Loan Sale and Contribution AgreementAgreements, as applicable applicable, for the related Payment Date and cumulatively since the Closing Date; (xvii) the Sixty Day Rolling Delinquency Percentage, Ninety Day Rolling Delinquency Percentage and Cumulative Losses for such Payment Date; (xviii) the book value of any REO Property; (xix) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date; (xx) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; and; (xxi) the amount withdrawn from the Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Pre-Funding Account used to buy certain Subsequent Mortgage Loans prior to such Payment Date; and (xxii) the Net Derivative Fee for such Payment Date. Items (iii) and (v) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (v) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders.

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's ’s website http://www.corporatetrust.db.com or ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ://▇▇▇.▇▇▇.▇▇.▇▇▇'▇ ▇▇▇▇on /invr or deliver at the recipient’s option to each Bondholder and each Certificateholder, the Bond Insurer, the Derivative Contract CounterpartyCounterparties, the Depositor, the Owner Trustee, the Certificate Paying Agent Agent, the Bond Insurer and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Available Funds and Net Monthly Excess Cash Flow Flow, payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; (a) the amount of such distribution to each Class of Class A Bonds and Class B Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the Insured Amount, if any, paid by the Bond Insurer under the Bond Insurance Policy for such Payment Date and the aggregate Insured Amounts for all prior Payment Dates paid by the Bond Insurer under the Bond Insurance Policy and not yet reimbursed; (v) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (vi) the amount of such distribution to the Certificates; (vii) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (viii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period; (ix) the aggregate Bond Principal Balance of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class A Bonds and Class B Bonds after giving effect to the distribution of principal on such Payment Date; (x) the amount of any Principal Available Funds Shortfalls for such Payment Date;[reserved] (xi) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month; (xii) the Basis Risk Net Derivative Contract Payment Amount; (xiii) the Overcollateralization Increase Amount, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date; (xiv) the amount of any Advances and Compensating Interest payments; (xv) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xvi) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Sale and Contribution Purchase Agreement or any Subsequent Mortgage Loan Sale and Contribution Agreement, as applicable for the related Payment Date and cumulatively since the Closing Date; (xvii) the Sixty Day Rolling Delinquency Percentage, Ninety Day Rolling Delinquency Percentage and Cumulative Losses for such Payment Date;[reserved] (xviii) the book value of any REO Property; (xix) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date;; and (xx) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; and (xxi) the amount withdrawn from the Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Pre-Funding Account used to buy certain Subsequent Mortgage Loans prior to such Payment Date. Items (iii) and (viv) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (viv) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Basis Risk Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders. The Indenture Trustee will make the monthly statements provided for in this section (and, at its option, any additional files containing the same information in an alternative format) available each month to Bondholders, other parties to this Agreement and any other interested parties via the Indenture Trustee’s website. The Indenture Trustee’s website shall initially be located at ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr. Assistance in using the website can be obtained by calling the Indenture Trustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the website are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. With the consent of the Depositor, the Indenture Trustee may have the right to change the way the monthly statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Indenture Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Indenture Trustee shall be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the monthly statement, and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto).

STATEMENTS TO BONDHOLDERS. (a) With respect to On each Payment Date, based on and to the Indenture extent of information provided by the Servicer, the Trustee shall make available via the Indenture Trustee's website http://www.corporatetrust.db.com or ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on furnish to each Bondholder and each Certificateholder, the Bond Insurer, the Derivative Contract Counterparty, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as which shall have certified to the BondsTrustee that it is a Bond Owner, to the extent applicable: (i) Issuer, the aggregate amount of collections Servicer, and to each Rating Agency the following reports setting forth certain information with respect to the Mortgage Loans;Loans and the Bonds. (ii1) A statement setting forth the Available Funds and Net Monthly Excess Cash Flow payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; following: (ai) the amount of distributions, if any, made on such distribution Payment Date to the holders of each Class of Class A Bonds and Class B Bonds applied to reduce the Bond Principal Balance respective Class Balances thereof, (ii) with respect to each Class of Bonds, the amount of distributions allocable to interest accrued at the respective Bond Interest Rates and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the Insured Amountamount, if any, paid by the Bond Insurer under the Bond Insurance Policy for such Payment Date and the aggregate Insured Amounts for all prior Payment Dates paid by the Bond Insurer under the Bond Insurance Policy and not yet reimbursed; (v) the amount of which such distribution to Holders was reduced by Prepayment Interest Shortfalls, Realized Losses of each Class of Bonds allocable to interest; , other interest shortfalls or accruals on outstanding Collateral Value Adjustments, (vi) the amount of such distribution to the Certificates; (vii) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (viiiiii) the number of outstanding Mortgage Loans and the aggregate Stated Principal Balance of the Mortgage Loans as at the close of business on the end last day of the related Due Remittance Period; ; (ix) the aggregate Bond Principal Balance of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class A Bonds and Class B Bonds after giving effect to the distribution of principal on such Payment Date; (x) the amount of any Principal Available Funds Shortfalls for such Payment Date; (xi) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month; (xii) the Net Derivative Contract Payment Amount; (xiii) the Overcollateralization Increase Amount, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date; (xiv) the amount of any Advances and Compensating Interest payments; (xv) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xviiv) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Sale and Contribution Agreement (a) delinquent one month, (b) delinquent two months, (c) delinquent three or any Subsequent Mortgage Loan Sale and Contribution Agreementmore months, as applicable for the related Payment Date and cumulatively since the Closing Date; or (xviid) the Sixty Day Rolling Delinquency Percentage, Ninety Day Rolling Delinquency Percentage and Cumulative Losses for such Payment Date; (xviii) the book value of any REO Property; (xix) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date; (xx) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; and (xxi) the amount withdrawn from the Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Pre-Funding Account used to buy certain Subsequent Mortgage Loans prior to such Payment Date. Items (iii) and (v) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and which foreclosure proceedings have commenced; (v) with respect to any REO Property included in the Trust Estate, details pertaining to each individual REO Property including the loan number of the related REO Mortgage Loan, the unpaid principal balance of the related REO Mortgage Loan (and all REO Mortgage Loans in the aggregate), the date that such Mortgaged Property became an REO Property, the book value of such REO Property (which will equal the unpaid principal balance of such Mortgage Loan at the time of foreclosure) and any net income received on such REO Property during the related Remittance Period; (vi) with respect to any REO Property sold or otherwise disposed of during the related Remittance Period, the amount of sale proceeds and other amounts, if any, received in respect of such REO Property during the related Remittance Period; (vii) as to any Mortgage Loan repurchased by the Issuer or otherwise liquidated during the related Remittance Period, the loan number thereof and the amount of the proceeds of such repurchase or other liquidation; (viii) the aggregate Class Balance of each Class of Bonds before and after giving effect to the distributions made on such Payment Date, separately identifying any reduction in the class Balance of each such Class due to Realized Losses; (ix) the aggregate amount of unscheduled principal collections made during the related Remittance Period and the cumulative amount of such collections including such Remittance Period, (x) the Bond Interest Rate applicable to each Class of Bonds for such calendar yearPayment Date, (xi) the aggregate amount of servicing compensation retained by or paid to each Servicer during the related Remittance Period; (xii) the amount of Realized Losses, shortfalls, and/or expenses, if any, incurred with respect to the Mortgage Loans during the related Remittance Period; (xiii) the aggregate amount of P&I Advances and other advances outstanding that have been made by each of the Servicers or the Trustee, (xiv) the amount of any Collateral Value Adjustments effected during the related Remittance Period, and the total of Collateral Value Adjustments as of such Payment Date on a loan-by-loan basis, and (xv) the amount of Prepayment Interest Excess and an accounting as to the manner in which the same was allocated pursuant to this Agreement. In the case of information pursuant to subclauses (i), (ii) and (xi) above, the amounts shall be expressed in the aggregate for all Bonds and in amounts allocable per $1,000 of Bond denomination. (2) A report containing information regarding the Mortgage Loans as of the end of the related Remittance Period, which report shall contain substantially the categories of information regarding the Mortgage Loans set forth in the Prospectus Supplement prepared in connection with the initial offering of the Bonds in the tables under the caption "Description of the Mortgage Pool -- Certain Characteristics of the Mortgage Loans" (calculated where applicable on the basis of the most recent relevant information provided by the Mortgagors to the Servicers and by the Servicers to the Trustee) and such information shall be presented in a tabular format substantially similar to the format utilized in the Prospectus Supplement under such caption. (3) Other reports containing loan-by-loan information relating to Mortgage Loans that (i) have not made the most recent monthly payment then due, (ii) have been classified as Specially Serviced Mortgage Loans or (iii) that have experienced a Realized Loss. The Indenture Trustee currently makes such reports available to the designated parties by mail or through an automated facsimile system that can be accessed by dialing __________ from any touch-tone telephone. In addition, the Trustee shall make available Mortgage Loan information as presented in the CSSA-100 format (or such other industry standard that may conclusively rely be in effect from time to time) through electronic transmission by no later than the Payment Date in __________ to each Bondholder, the Issuer, the Servicers, each Rating Agency (and any other parties reasonably designated by the Issuer or a Bondholder), an electronic file that includes the following information on a loan-by-loan basis: loan number, location, Stated Principal Balance, Mortgage Interest Rate, paid-through date, maturity date, scheduled interest due, scheduled principal due, unscheduled principal collections, loan status and other related information. Upon request of any Bondholder (or any Bond Owner, if applicable, which shall have provided the Trustee with evidence satisfactory to the Trustee of its interest in a certificate pursuant to Section 11.04) or any Rating Agency, the Trustee shall mail, without charge, to the address specified in such request, a copy of the most current Asset Strategy Report for any Specially Serviced Mortgage Loan or REO Property. In addition, upon receipt of a written request of any Bondholder (or any Bond Owner, if applicable, which shall have provided the Remittance Report provided Trustee with evidence satisfactory to the Trustee of its interest in a certificate pursuant to Section 11.04) for a copy of any report required to be prepared by the Master Servicer herein, the Trustee shall forward such written request to the Master Servicer. To the extent such report is available to the Master Servicer, the Master Servicer shall deliver a copy thereof to the Trustee for delivery to the requesting Bondholder (or Bond Owner) at the address specified in such request. The request, reproduction and delivery of such report, shall be at the expense of the requesting Bondholder (or Bond Owner). (b) The Trustee covenants to furnish or cause to be furnished, promptly upon the written request of any Bondholder (or a Bond Owner which shall have certified to the Trustee that it is a Bond Owner of any such Class pursuant to Section 4.01 11.04) of a Class E or Class F Bond reasonably current Rule 144A Information (as defined below) to such Bondholder or to a prospective transferee of such a Bond (or interests in such Bond) designated by such Bondholder, as the Servicing Agreement case may be, in connection with the resale of such Bond or such interests by such Bondholder pursuant to Rule 144A. "Rule 144A Information" shall mean the information specified in Rule 144A(d)(4)(i) and (ii) under the 1933 Act. The Trustee shall advise the Master Servicer of any request by a Bondholder and shall consult with the Master Servicer as to the information to be supplied. Based upon such consultation and to the extent the Trustee is not in possession of reasonably current Rule 144A Information on the amount date of any such request, the Net Derivative Contract Payment Amount furnished Master Servicer shall, upon request from the Trustee, promptly provide the Trustee with reasonably current Rule 144A Information to the Indenture extent reasonably available. The Trustee pursuant and the Master Servicer may place its disclaimer on any such Rule 144A Information to the Derivative Contracts in its preparation extent it is not the source of its Statement to Bondholderssuch information.

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website http://www.corporatetrust.db.com or http://www- apps.gis.deutsche-bank.▇▇▇/▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on to each Bondholder and each Certificateholder, the Bond Insurer, the Derivative Contract Counterparty, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Available Funds and Net Monthly Excess Cash Flow payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; (a) the amount of such distribution to each Class of Class A A-1 Bonds and Class B M Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the Insured Amount, if any, paid by the Bond Insurer under the Bond Insurance Policy for such Payment Date and the aggregate Insured Amounts for all prior Payment Dates paid by the Bond Insurer under the Bond Insurance Policy and not yet reimbursed[reserved]; (v) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (vi) the amount of such distribution to the Certificates; (vii) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (viii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period; (ix) the aggregate Bond Principal Balance or Notional Amount of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class A A-1 Bonds and Class B M Bonds after giving effect to the distribution of principal on such Payment Date; (x) the amount of any Principal Available Funds Shortfalls for such Payment Date; (xi) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month; (xii) the Net Derivative Contract Payment Amount[reserved]; (xiii) the Overcollateralization Increase Amount, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date; (xiv) the amount of any Advances and Compensating Interest payments; (xv) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xvi) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Sale and Contribution Agreement or any the Subsequent Mortgage Loan Sale and Contribution AgreementAgreements, as applicable applicable, for the related Payment Date and cumulatively since the Closing Date; (xvii) the Sixty Day Rolling Delinquency Percentage, Ninety Day Rolling Delinquency Percentage and Cumulative Losses for such Payment Date; (xviii) the book value of any REO Property; (xix) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date; (xx) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; and (xxi) the amount withdrawn from the Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Pre-Funding Account used to buy certain Subsequent Mortgage Loans prior to such Payment Date. Items (iii) and (v) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (v) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders.

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website http://www.corporatetrust.db.com or https://www.corporatetrust.db.com/i▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on to each Bondholder and each Certificateholder, the Bond Insurer, the Derivative Contract Counterparty, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Available Funds and Net Monthly Excess Cash Flow payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; (a) the amount of such distribution to each Class of Class A Bonds and Class B Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the Insured Amount, if any, paid by the Bond Insurer under the Bond Insurance Policy for such Payment Date and the aggregate Insured Amounts for all prior Payment Dates paid by the Bond Insurer under the Bond Insurance Policy and not yet reimbursed[reserved]; (v) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (vi) the amount of such distribution to the Certificates; (vii) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (viii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period; (ix) the aggregate Bond Principal Balance of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class A Bonds and Class B Bonds after giving effect to the distribution of principal on such Payment Date; (x) the amount of any Principal Available Funds Shortfalls for such Payment Date; (xi) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month; (xiixi) the Net Derivative Contract Payment Amount; (xiiixii) the Overcollateralization Increase Amount, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date; (xivxiii) the amount of any Advances and Compensating Interest payments; (xvxiv) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xvixv) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Sale and Contribution Agreement or any Subsequent Mortgage Loan Sale and Contribution Agreement, as applicable for the related Payment Date and cumulatively since the Closing Date; (xviixvi) the Sixty Day Rolling Delinquency Percentage, Ninety Day Rolling Delinquency Percentage and Cumulative Losses for such Payment Date; (xviiixvii) the book value of any REO Property; (xixxviii) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date; (xxxix) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; and (xxixx) the amount withdrawn from the Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Pre-Funding Account used to buy certain Subsequent Mortgage Loans prior to Net Derivative Fee for such Payment Date. Items (iii) and (v) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (v) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders.

STATEMENTS TO BONDHOLDERS. (a) With Subject to Section 3.26 of this Indenture, with respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website http://www.corporatetrust.db.com or ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on deliver to each Bondholder Certificateholder and each CertificateholderBondholder, the Bond Insurer, the Derivative Contract Counterparty, the DepositorCompany, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage LoansLoans with respect to such Payment Date; (ii) the Available Funds Interest Payment Amount, Principal Payment Amount and Net Monthly Excess Cash Flow Subordination Increase Amount payable to each Class of the Bondholders for such Payment Date, the Basis Risk Shortfall Guaranteed Interest Payment Amount and the Carry-Forward Amount on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class unpaid Carry-Forward Amount for all prior Payment Dates; (iii) the amount of Bonds the aggregate distribution to the Bondholders for such Payment Date; (a) the amount of such distribution to each Class of Class A Bonds and Class B Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the Insured AmountPayments, if any, paid by the Bond Insurer under the Bond Insurance Policy for such Payment Date and the aggregate Insured Amounts Payments for all prior Payment Dates paid by the Bond Insurer under the Bond Insurance Policy and not yet reimbursed; (v) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (vi) the amount of such distribution to the Certificates; (vii) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (viii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related preceding Due Period; (ix) the aggregate Bond Principal Balance of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class A Bonds and Class B Bonds after giving effect to the distribution of principal on such Payment Date; (x) the amount of any Principal Available Funds Shortfalls for such Payment Date; (xivi) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 3130-60 59 days, 6160-89 days and 90 days, 91 or more daysdays (excluding any Mortgage Loans in foreclosure or that have become REO Property), respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar monthDue Period; provided, however, that such information will not be provided on the statements relating to the first Payment Date; (xiivii) the Net Derivative Contract Payment Amount; (xiii) the Overcollateralization Increase Amount, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of Weighted Average Mortgage Rate for the related Payment Date; (xivviii) the Required Subordination Amount, Subordination Amount, Net Monthly Excess Cashflow and Subordination Reduction Amount for such Payment Date; (ix) the amount of any Advances and Compensating Interest paymentspayments for such Payment Date; (xvx) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xvixi) the amount of any unpaid accrued interest on the Bonds after such Payment Date; (xii) the aggregate Bond Principal Balance of the Bonds after giving effect to the distribution of principal on such Payment Date; (xiii) the Maximum Bond Interest Rate and Bond Interest Rate for such Payment Date; (xiv) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Sale and Contribution Purchase Agreement or any Subsequent Mortgage Loan Sale and Contribution Agreement, as applicable for the related Payment Date and cumulatively since the Closing Date; (xviixv) the Sixty Day Rolling Cumulative Loss Percentage, Delinquency Percentage, Ninety Day Delinquency Amount and Rolling Delinquency Percentage and Cumulative Losses for such Payment Date; (xviii) the book value of any REO Property; (xixxvi) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date; (xxxvii) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; (xviii) the aggregate amount collected with respect to any prepayment penalties on the Mortgage Loans; and (xxixix) the aggregate amount withdrawn of all payments received from the Pre-Funding Account CAP Provider under the CAP Agreements and used from ML&Co pursuant to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment DateML&Co Guaranty, and all payments made to the amount withdrawn from CAP Provider under the Pre-Funding Account used to buy certain Subsequent Mortgage Loans prior to such Payment DateCAP Agreements. Items (iii) and (vxii) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (vxii) with respect to the Bonds for such calendar year. The Indenture Trustee in the absence of manifest error may conclusively rely upon the Remittance Determination Date Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholdersthe Bondholders pursuant to this Section 7.04.

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website http://www.corporatetrust.db.com or http://www- apps.gis.deutsche-bank.▇▇▇/▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on to each Bondholder and each Certificateholder, the Bond Insurer, the Derivative Contract Counterparty, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Available Funds and Net Monthly Excess Cash Flow payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; (a) the amount of such distribution to each Class of Class A Bonds and Class B Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the Insured Amount, if any, paid by the Bond Insurer under the Bond Insurance Policy for such Payment Date and the aggregate Insured Amounts for all prior Payment Dates paid by the Bond Insurer under the Bond Insurance Policy and not yet reimbursed; (v) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (vi) the amount of such distribution to the Certificates; (vii) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (viii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period; (ix) the aggregate Bond Principal Balance of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class A Bonds and Class B Bonds after giving effect to the distribution of principal on such Payment Date; (x) the amount of any Principal Available Funds Shortfalls for such Payment Date; (xi) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month; (xiixi) the Net Derivative Contract Payment Amount; (xiiixii) the Overcollateralization Increase Deficiency Amount, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date; (xivxiii) the amount of any Advances and Compensating Interest payments; (xvxiv) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xvixv) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Sale and Contribution Agreement or any the Subsequent Mortgage Loan Sale and Contribution AgreementAgreements, as applicable applicable, for the related Payment Date and cumulatively since the Closing Date; (xviixvi) the Sixty Day Rolling Delinquency Percentage, Ninety Day Rolling Delinquency Percentage and Cumulative Losses for such Payment Date; (xviiixvii) the book value of any REO Property; (xixxviii) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date; (xxxix) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; and; (xxixx) the amount withdrawn from the Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Pre-Funding Account used to buy certain Subsequent Mortgage Loans prior to such Payment Date; and (xxi) the Net Derivative Fee for such Payment Date. Items (iii) and (v) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (vxii) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders.

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website http://www.corporatetrust.db.com https://www.corporatetrust.db.com/invr or ▇▇▇▇▇deliver at the recipient's optio▇ ▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇on to each Bondholder and each Certificateholder▇▇▇▇ateholder, the Bond Insurer, the Derivative Contract Counterparty, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Available Funds and Net Monthly Excess Cash Flow Flow, payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; (a) the amount of such distribution to each Class of Class A Bonds A, Class M and Class B Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the Insured Amount, if any, paid by the Bond Insurer under the Bond Insurance Policy for such Payment Date and the aggregate Insured Amounts for all prior Payment Dates paid by the Bond Insurer under the Bond Insurance Policy and not yet reimbursed; (v) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (vi) the amount of such distribution to the Certificates; (vii) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (viii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period; (ix) the aggregate Bond Principal Balance of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class A Bonds A, Class M and Class B Bonds after giving effect to the distribution of principal on such Payment Date; (x) the amount of any Principal Available Funds Shortfalls for such Payment Date; (xi) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month; (xii) the Net Derivative Contract Payment Amount; (xiii) the Overcollateralization Increase AmountAmount with respect to each Loan Group, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date; (xiv) the amount of any Advances and Compensating Interest payments; (xv) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xvi) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Sale and Contribution Agreement or any Subsequent Mortgage Loan Sale and Contribution Agreement, as applicable for the related Payment Date and cumulatively since the Closing Date; (xvii) the Sixty Day Rolling Delinquency Percentage, Ninety Day Rolling Delinquency Percentage and Cumulative Losses for such Payment Date; (xviii) the book value of any REO Property; (xix) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date;; and (xx) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; and (xxi) the amount withdrawn from the Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Pre-Funding Account used to buy certain Subsequent Mortgage Loans prior to such Payment Date. Items (iii) and (v) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (v) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders.

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website http://www.corporatetrust.db.com or https://www.corporatetrust.db.com/in▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on ▇n to each Bondholder and each Certificateholder, the Bond Insurer, the Derivative Contract Counterparty, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Available Funds and Net Monthly Excess Cash Flow payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; (a) the amount of such distribution to each Class of Class A A-1 Bonds and Class B M Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the Insured Amount, if any, paid by the Bond Insurer under the Bond Insurance Policy for such Payment Date and the aggregate Insured Amounts for all prior Payment Dates paid by the Bond Insurer under the Bond Insurance Policy and not yet reimbursed[reserved]; (v) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (vi) the amount of such distribution to the Certificates; (vii) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (viii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period; (ix) the aggregate Bond Principal Balance or Notional Amount of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class A A-1 Bonds and Class B M Bonds after giving effect to the distribution of principal on such Payment Date; (x) the amount of any Principal Available Funds Shortfalls for such Payment Date; (xi) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month; (xiixi) the Net Derivative Contract Payment Amount[reserved]; (xiiixii) the Overcollateralization Increase Amount, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date; (xivxiii) the amount of any Advances and Compensating Interest payments; (xvxiv) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xvixv) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Sale and Contribution Agreement or any Subsequent Mortgage Loan Sale and Contribution Agreement, as applicable for the related Payment Date and cumulatively since the Closing Date; (xvii) the Sixty Day Rolling Delinquency Percentage, Ninety Day Rolling Delinquency Percentage and Cumulative Losses for such Payment Date; (xviiixvi) the book value of any REO Property; (xixxvii) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date; (xxxviii) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; and (xxixix) the amount withdrawn from of any prepayment charges on Principal Prepayments paid to the Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Pre-Funding Account used to buy certain Subsequent Mortgage Loans prior to such Payment DateCertificateholders. Items (iii) and (v) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (v) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders.

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website http://www.corporatetrust.db.com or http://www- apps.gis.deutsche-bank.▇▇▇/▇▇▇▇ ▇r ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on ion to each Bondholder and each Certificateholder, the Bond Insurer, the Derivative Contract Counterparty, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Available Funds and Net Monthly Excess Cash Flow payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; (a) the amount of such distribution to each Class of Class A Bonds and Class B Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the Insured Amount, if any, paid by the Bond Insurer under the Bond Insurance Policy for such Payment Date and the aggregate Insured Amounts for all prior Payment Dates paid by the Bond Insurer under the Bond Insurance Policy and not yet reimbursed[reserved]; (v) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (vi) the amount of such distribution to the Certificates; (vii) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (viii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period; (ix) the aggregate Bond Principal Balance of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class A Bonds and Class B Bonds after giving effect to the distribution of principal on such Payment Date; (x) the amount of any Principal Available Funds Shortfalls for such Payment Date; (xi) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month; (xiixi) the Net Derivative Contract Payment Amount; (xiiixii) the Overcollateralization Increase Deficiency Amount, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date; (xivxiii) the amount of any Advances and Compensating Interest payments; (xvxiv) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xvixv) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Sale and Contribution Agreement or any the Subsequent Mortgage Loan Sale and Contribution AgreementAgreements, as applicable applicable, for the related Payment Date and cumulatively since the Closing Date; (xviixvi) the Sixty Day Rolling Delinquency Percentage, Ninety Day Rolling Delinquency Percentage and Cumulative Losses for such Payment Date; (xviiixvii) the book value of any REO Property; (xixxviii) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date; (xxxix) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; and; (xxixx) the amount withdrawn from the Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Pre-Funding Account used to buy certain Subsequent Mortgage Loans or Seasoned Mortgage Loans, as applicable, prior to such Payment Date; and (xxi) the Net Derivative Fee for such Payment Date. Items (iii) and (v) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (vxii) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders.