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 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, 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-1 Bonds, Class M Bonds and Class B Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) [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-1 Bonds, Class M 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) [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 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 of any prepayment charges on Principal Prepayments paid to the Certificateholders. 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 in its preparation of its Statement to Bondholders. ARTICLE VIII

STATEMENTS TO BONDHOLDERS. (a) With respect So long as the Trustee is the Registrar and Paying Agent, it shall deliver to each Bondholder such information in its possession as may be required to enable such Holder to prepare its federal and state income tax returns. (b) On or prior to each Payment DateDate therefor, the Indenture Trustee shall make available via the Indenture Trustee's website http://www.corporatetrust.db.com or ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on will deliver to each Bondholder and each Certificateholder, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, Holder of Bonds on such Payment Date a statement setting forth as provided and prepared by the Servicer which will include (to the extent applicable) the following information as to the BondsBonds with respect to such Payment Date or the period since the previous Payment Date, to the extent as applicable: (i) the aggregate amount of collections with respect the payment to the Mortgage LoansBondholders allocable to principal (such amount to be expressed as an aggregate dollar amount and as a dollar amount per $1,000 of original principal amount); (ii) the Available Funds amount of the payment to Bondholders allocable to interest (such amount to be expressed as an aggregate dollar amount and Net Monthly Excess Cash Flow payable to each Class as a dollar amount per $1,000 of Bondholders for such Payment Date, and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Dateoriginal principal amount); (aiii) the amount of such distribution to each Class of Class A-1 Bonds, Class M Bonds and Class B Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) [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 Outstanding 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 payments allocated to principal reported under (i) above; (iv) the amounts distributed on difference, if any, between the Outstanding Amount of the Bonds and the Projected Principal Balance as of 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-1 Bonds, Class M Bonds and Class B Bonds after giving effect to the distribution of principal payments to be made on such Payment Date; (xv) the amount balance of any Principal Available Funds Shortfalls for amounts on deposit in the Reserve Subaccount after giving effect to payments or allocations made or to be made on such Payment Date; (xivi) the number and aggregate Stated Principal Balances balance 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) amounts on deposit in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month; (xii) [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 Subaccount after giving effect 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 payments or allocations made or to the Mortgage Loan Sale and Contribution Agreement 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 be made on such Payment Date; (xviiivii) the book value balance of any REO Property; (xix) amounts on deposit in the amount of any Prepayment Interest Shortfalls Capital Subaccount after giving effect to payments or Relief Act Shortfalls for allocations made or to be made on such Payment Date; (xxviii) the aggregate Stated Principal Balance balance of Mortgage Loans purchased pursuant amounts on deposit in the Interest Reserve Subaccount after giving effect to Section 3.18 of the Servicing Agreement for the related payments or allocations made or to be made on such Payment Date and cumulatively since the Closing Date; and (xxiix) the amount balance of amounts on deposit in the Servicer Advance Subaccount after giving effect to payments or allocations made or to be made on such Payment Date. On each date on which the Trustee distributes any such report to the Holders of the Bonds of any prepayment charges on Principal Prepayments paid Class, the Trustee shall also distribute such report to each Rating Agency. (c) The Issuer shall send a copy of each Certificate of Compliance delivered to it pursuant to Section 3.03 of the Servicing Agreement and each Annual Accountant's Report delivered to it pursuant to Section 3.04 of the Servicing Agreement to the Certificateholders. Items Trustee, the Bondholders and the Rating Agencies. (iiid) and (v) above shall be presented on Within a reasonable period of time after the basis of a Bond having a $1,000 denomination. In addition, by January 31 end of each calendar year following any year during which but not later than the Bonds are outstandinglatest date permitted by law, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing Person who at any time during each such calendar year as to was a Holder of any Class of Bonds and received a payment thereon, a statement containing the aggregate sum of the amounts reported determined pursuant to clause (iii), b)(i) or (ivii) and (v) above with respect to the such Class of Bonds for such calendar year. The Indenture , or, in the event such Person was a Holder of such Class of Bonds during a portion of such calendar year, for the applicable portion of such year, and such other items as are readily available to the Trustee may conclusively rely upon and that a Bondholder shall reasonably request as necessary for the Remittance Report provided by the Master Servicer pursuant to Section 4.01 purpose of the Servicing Agreement in its such Bondholder 's preparation of its Statement to Bondholders. ARTICLE VIIIfederal income tax returns.

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 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 Interest Payment Amount, Principal Payment Amount, Subordination Increase Amount payable to each Class of the Bondholders for such Payment Date, the Available Funds Cap Carry Forward Amount for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds unpaid Available Funds Cap Carry-Forward Amount for such all prior Payment DateDates; (a) the amount of such distribution to each Class of Class A-1 Bonds, Class M Bonds and Class B Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) [reserved]; (v) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (viiii) the amount of such distribution to the CertificatesBondholders; (viiiv) the Insured Amounts, if any, paid by the distribution to Bond Insurer under the Holders of any Class of Bonds is less than Bond Insurance Policy for such Payment Date and the full amount that would be distributable to such Holders if there were sufficient funds available therefor, aggregate Insured Amounts for all prior Payment Dates paid by the amount of Bond Insurer under the shortfallBond Insurance Policy and not yet reimbursed; (viiiv) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due PeriodLoans; (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-1 Bonds, Class M 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, 6160-90 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; (xiivii) [reserved]the Weighted Average Net Mortgage Rate for the related Payment Date; (xiiiviii) the Overcollateralization Increase Required Subordinated Amount, Overcollateralization Release Subordinated Amount, Overcollateralization Target Net Monthly Excess Cashflow and Subordination Reduction Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date; (xivix) the amount of any Advances and Compensating Interest paymentsPayments; (xvx) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xvixi) any unpaid 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, Available Funds 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 for the related Payment Date and cumulatively since the Closing Date; (xviixv) the Sixty Day Rolling Delinquency Cumulative Loss Percentage, Ninety Day Delinquency Percentage 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 Shortfalls, Relief Act Shortfalls or Deferred Interest Addition for such Payment Date;; and (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 (xxi) the amount of any prepayment charges on Principal Prepayments paid to the Certificateholders. 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 may conclusively rely upon the Remittance Determination Date Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement in its preparation of its Statement to Bondholders. ARTICLE VIII.

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 DepositorBond Insurer, the Company, 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 Guaranteed Interest Payment Amount and the Carry-Forward Amount 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; (aiv) the amount of such distribution to each Class of Class A-1 BondsInsured Payments, Class M Bonds and Class B Bonds applied to reduce if any, paid by the Bond Principal Balance thereof, Insurer under the Bond Insurance Policy for such Payment Date and (b) the aggregate amount included therein representing Principal Prepayments; (iv) [reserved]Insured 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 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-1 Bonds, Class M 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; (xii) [reserved]; (xiiivii) the Overcollateralization Increase Amount, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of Weighted Average Net 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 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 of collected with respect to any prepayment charges penalties on Principal Prepayments paid to the CertificateholdersMortgage Loans. 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 in its preparation of its Statement to Bondholders. ARTICLE VIIIthe 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 ▇▇▇▇://▇▇▇ ▇▇ - ▇▇▇ ▇▇.▇▇▇.▇▇▇▇▇▇▇▇▇'▇ -▇▇▇▇on .▇▇▇/▇▇▇▇ or deliver at the recipient's option to each Bondholder and each Certificateholder, the Bond Insurer, 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, determined in the aggregate and separately for Loan Group 1 and Loan Group 2; (ii) the Group 1 Available Funds Funds, Group 2 Available Funds, Group 1 Net Monthly Excess Cash Flow and the Group 2 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 all prior Payment DateDates; (a) the amount of such distribution to each Class of Class A-1 Bonds, Class M Bonds and Class B Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) [reserved]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, determined in the aggregate and separately for Loan Group 1 and Loan Group 2; (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-1 Bonds, Class M 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, determined in the aggregate and separately for Loan Group 1 and Loan Group 2; (xi) the Cap Contract Payment Amounts; (xii) [reserved]; (xiii) the Group 1 Required Overcollateralization Amount, Group 2 Required Overcollateralization Amount, Group 1 Overcollateralization Amount, Group 2 Overcollateralization Amount, Group 1 Excess Overcollateralization Amount, Group 2 Excess Overcollateralization Amount, Group 1 Overcollateralization Increase Amount, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Group 2 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 for the related Payment Date and cumulatively since the Closing Date, determined in the aggregate and separately for Loan Group 1 and Loan Group 2; (xvi) the Cumulative Loss Percentage, Delinquency Percentage and Rolling Delinquency Percentage for such Payment Date, 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 Date; (xviii) 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 of any prepayment charges on Principal Prepayments paid to the Certificateholders. 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 amounts of the Cap Contract Payment Amounts furnished to the Indenture Trustee pursuant to the Cap Contracts in its preparation of its Statement to Bondholders. ARTICLE VIII.

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 ▇.▇▇.▇▇▇ or deliver at the recipient's option to each Bondholder and each Certificateholder, 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, 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-1 Bonds, Class M 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) [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-1 Bonds, Class M 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) [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 the Subsequent Mortgage Loan Sale and Contribution Agreements, 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; (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 Subsequent Mortgage Loans prior to such Payment Date; and (xxixxii) the amount of any prepayment charges on Principal Prepayments paid to the Certificateholders. 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 in its preparation of its Statement to Bondholders. ARTICLE VIII.

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 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-1 Bonds, Class M 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) [reserved]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-1 Bonds, Class M 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) [reserved]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 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 of any prepayment charges on Principal Prepayments paid to the Certificateholders. 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. ARTICLE VIII.

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 .▇▇▇/▇▇▇▇ or deliver at the recipient's option to each Bondholder and each Certificateholder, the Bond Insurer, 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-1 Bonds, Class M Bonds and Class B Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) [reserved]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-1 Bonds, Class M 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) [reserved]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 the Subsequent Mortgage Loan Sale and Contribution Agreements, 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 of any prepayment charges withdrawn from the Pre-Funding Account and used to make payments to Bondholders on Principal Prepayments paid that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Pre-Funding Account used to buy Subsequent Mortgage Loans prior to such Payment Date; and (xxii) the CertificateholdersNet 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. ARTICLE VIII.

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 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, 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-1 Bonds, Class M Bonds and Class B Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) [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-1 Bonds, Class M 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) [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 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 of any prepayment charges on Principal Prepayments paid to the Certificateholders. 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 in its preparation of its Statement to Bondholders. ARTICLE VIII

STATEMENTS TO BONDHOLDERS. (a) With respect So long as the Trustee is the Registrar and Paying Agent, it shall deliver to each Bondholder such information in its possession as may be required to enable such Holder to prepare its federal and state income tax returns. (b) On or prior to each Payment DateDate therefor, the Indenture Trustee shall make available via the Indenture Trustee's website http://www.corporatetrust.db.com or ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on will deliver to each Bondholder and each Certificateholder, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, Holder of Bonds on such Payment Date a statement setting forth as provided and prepared by the Servicer which will include (to the extent applicable) the following information as to the BondsBonds with respect to such Payment Date or the period since the previous Payment Date, to the extent as applicable: (i) the aggregate amount of collections with respect the payment to the Mortgage LoansBondholders allocable to principal (such amount to be expressed as an aggregate dollar amount and as a dollar amount per $1,000 of original principal amount); (ii) the Available Funds amount of the payment to Bondholders allocable to interest (such amount to be expressed as an aggregate dollar amount and Net Monthly Excess Cash Flow payable to each Class as a dollar amount per $1,000 of Bondholders for such Payment Date, and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Dateoriginal principal amount); (aiii) the amount of such distribution to each Class of Class A-1 Bonds, Class M Bonds and Class B Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) [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 Outstanding 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 payments allocated to principal reported under (i) above; (iv) the amounts distributed on difference, if any, between the Outstanding Amount of the Bonds and the Projected Principal Balance as of 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-1 Bonds, Class M Bonds and Class B Bonds after giving effect to the distribution of principal payments to be made on such Payment Date; (xv) the amount balance of any Principal Available Funds Shortfalls for amounts on deposit in the Reserve Subaccount after giving effect to payments or allocations made or to be made on such Payment Date; (xivi) the number and aggregate Stated Principal Balances balance 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) amounts on deposit in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month; (xii) [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 Subaccount after giving effect 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 payments or allocations made or to the Mortgage Loan Sale and Contribution Agreement 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 be made on such Payment Date; (xviiivii) the book value balance of any REO Property; (xix) amounts on deposit in the amount of any Prepayment Interest Shortfalls Capital Subaccount after giving effect to payments or Relief Act Shortfalls for allocations made or to be made on 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 (xxiviii) the amount balance of amounts on deposit in the Interest Reserve Subaccount after giving effect to payments or allocations made or to be made on such Payment Date. On each date on which the Trustee distributes any such report to the Holders of the Bonds of any prepayment charges on Principal Prepayments paid Class, the Trustee shall also distribute such report to each Rating Agency. (c) The Issuer shall send a copy of each Certificate of Compliance delivered to it pursuant to Section 3.03 of the Servicing Agreement and each Annual Accountant's Report delivered to it pursuant to Section 3.04 of the Servicing Agreement to the Certificateholders. Items Trustee, the Bondholders and the Rating Agencies. (iiid) and (v) above shall be presented on Within a reasonable period of time after the basis of a Bond having a $1,000 denomination. In addition, by January 31 end of each calendar year following any year during which but not later than the Bonds are outstandinglatest date permitted by law, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing Person who at any time during each such calendar year as to was a Holder of any Class of Bonds and received a payment thereon, a statement containing the aggregate sum of the amounts reported determined pursuant to clause (iii), b)(i) or (ivii) and (v) above with respect to the such Class of Bonds for such calendar year. The Indenture , or, in the event such Person was a Holder of such Class of Bonds during a portion of such calendar year, for the applicable portion of such year, and such other items as are readily available to the Trustee may conclusively rely upon and that a Bondholder shall reasonably request as necessary for the Remittance Report provided by the Master Servicer pursuant to Section 4.01 purpose of the Servicing Agreement in its such Bondholder 's preparation of its Statement to Bondholders. ARTICLE VIIIfederal income tax returns.

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 DepositorBond Insurer, the Company, 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 Guaranteed Interest Payment Amount and the Carry-Forward Amount 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; (aiv) the amount of such distribution to each Class of Class A-1 BondsInsured Payments, Class M Bonds and Class B Bonds applied to reduce if any, paid by the Bond Principal Balance thereof, Insurer under the Bond Insurance Policy for such Payment Date and (b) the aggregate amount included therein representing Principal Prepayments; (iv) [reserved]Insured 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 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-1 Bonds, Class M 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; (xii) [reserved]; (xiiivii) the Overcollateralization Increase Amount, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of Weighted Average Net 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 Home Equity Loan Sale and Contribution Purchase Agreement 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 of collected with respect to any prepayment charges penalties on Principal Prepayments paid to the CertificateholdersMortgage Loans. 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 in its preparation of its Statement to Bondholders. ARTICLE VIIIthe Bondholders pursuant to this Section 7.04.

STATEMENTS TO BONDHOLDERS. (a) With respect So long as the Trustee is the Registrar and Paying Agent, it shall deliver to each Bondholder such information in its possession as may be required to enable such Holder to prepare its federal and state income tax returns. (b) On or prior to each Payment DateDate therefor, the Indenture Trustee shall make available via the Indenture Trustee's website http://www.corporatetrust.db.com or ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on will deliver to each Bondholder and each Certificateholder, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, Holder of Bonds on such Payment Date a statement setting forth as provided and prepared by the Servicer which will include (to the extent applicable) the following information as to the BondsBonds with respect to such Payment Date or the period since the previous Payment Date, to the extent as applicable: (i) the aggregate amount of collections with respect the payment to the Mortgage LoansBondholders allocable to principal (such amount to be expressed as an aggregate dollar amount and as a dollar amount per $1,000 of original principal amount); (ii) the Available Funds amount of the payment to Bondholders allocable to interest (such amount to be expressed as an aggregate dollar amount and Net Monthly Excess Cash Flow payable to each Class as a dollar amount per $1,000 of Bondholders for such Payment Date, and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Dateoriginal principal amount); (aiii) the amount of such distribution to each Class of Class A-1 Bonds, Class M Bonds and Class B Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) [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 Outstanding 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 payments allocated to principal reported under (i) above; (iv) the amounts distributed on difference, if any, between the Outstanding Amount of the Bonds and the Projected Principal Balance as of 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-1 Bonds, Class M Bonds and Class B Bonds after giving effect to the distribution of principal payments to be made on such Payment Date; (xv) the amount balance of any Principal Available Funds Shortfalls for amounts on deposit in the Reserve Subaccount after giving effect to payments or allocations made or to be made on such Payment Date; (xivi) the number and aggregate Stated Principal Balances balance 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) amounts on deposit in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month; (xii) [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 Subaccount after giving effect 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 payments or allocations made or to the Mortgage Loan Sale and Contribution Agreement 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 be made on such Payment Date; (xviiivii) the book value balance of any REO Property; (xix) amounts on deposit in the amount of any Prepayment Interest Shortfalls Capital Subaccount after giving effect to payments or Relief Act Shortfalls for allocations made or to be made on 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 (xxiviii) the amount balance of amounts on deposit in the Interest Reserve Subaccount after giving effect to payments or allocations made or to be made on such Payment Date. On each date on which the Trustee distributes any such report to the Holders of the Bonds of any prepayment charges on Principal Prepayments paid Class, the Trustee shall also distribute such report to each Rating Agency. (c) The Issuer shall send a copy of each Certificate of Compliance delivered to it pursuant to Section 3.03 of the Servicing Agreement and each Annual Accountant's Report delivered to it pursuant to Section 3.04 of the Servicing Agreement to the Certificateholders. Items Trustee, the Bondholders and the Rating Agencies. (iiid) and (v) above shall be presented on Within a reasonable period of time after the basis of a Bond having a $1,000 denomination. In addition, by January 31 end of each calendar year following any year during which but not later than the Bonds are outstandinglatest date permitted by law, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing Person who at any time during each such calendar year as to was a Holder of any Class of Bonds and received a payment thereon, a statement containing the aggregate sum of the amounts reported determined pursuant to clause (iii), b)(i) or (ivii) and (v) above with respect to the such Class of Bonds for such calendar year. The Indenture , or, in the event such Person was a Holder of such Class of Bonds during a portion of such calendar year, for the applicable portion of such year, and such other items as are readily available to the Trustee may conclusively rely upon and that a Bondholder shall reasonably request as necessary for the Remittance Report provided by the Master Servicer pursuant to Section 4.01 purpose of the Servicing Agreement in its such Bondholder `s preparation of its Statement to Bondholders. ARTICLE VIIIfederal income tax returns.