Common use of Statements Clause in Contracts

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Seller, and the Rating Agency, a statement based, as applicable, on loan-level information obtained from and the Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]; (vii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reserved]; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement or the related Purchase Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components. The Trustee will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at “▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Statements. (a) On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, any NIMS Insurer, the Master Servicer and the each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer, the Swap Provider, the Basis Risk Cap Provider and the Servicer Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. The Distribution Date Statement shall include the following information, in each case, with respect to such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date[Reserved]; (iv) the aggregate amount of servicing compensation received by the Servicer during Servicing Fees, Subservicing Fees, Master Servicing Fees and Credit Risk Manager Fees for the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsPeriod; (v) the amount of Advances for each Loan Group and the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]; (vii) the Loan Group Balance for each Loan Group and related the Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (vii) the Pool Balance, the Pool Collateral Balance and the Loan Group Balance for such Distribution Date; (viii) for each Loan Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reserved]for each Loan Group, the amount of fees, expenses or indemnification amounts paid by the Trust Fund with an identification of the general purpose of such amounts and the party receiving such amounts; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xiixi) for each Loan Group, the number and aggregate unpaid principal balance of the related Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month, using the OTS method; (xiiixii) for each Loan Group, the book value (if available) of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xivxiii) for each Loan Group, the aggregate amount of any Principal Prepayments, net Principal Prepayments or other unscheduled recoveries of principal with respect to each Loan Group made during the related Prepayment Period; (xvxiv) for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Period for each Loan Group and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Componentsafter giving effect to any distributions made thereon, on such Distribution Date; (xvixv) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xviixvi) for each Loan Group, the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each related Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviiixvii) for each Class, the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date after giving effect to any distributions made thereon, on such Distribution Date; (xviii) for each Loan Group, the related Available Funds; (xix) the Available Funds with respect to for each Loan Group; (xx) , the Pass-Through Rate and related Adjusted Cap Rate for each Class of Certificates for such Distribution Date; (xxixx) for each Loan Group, the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement or the related Purchase Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxiixxi) for each Loan Group, the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i5.01(f)(i); (xxiiixxii) current Recoveries allocable to each Loan Group; (xxivxxiii) cumulative Recoveries allocable to each Loan Group; (xxvxxiv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest for each Class after giving effect to any distributions made thereon, on such Distribution Date; (xxvixxv) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviiixxvi) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates Certificates; (xxvii) the amount of any Unpaid Interest Shortfall Amount; (xxviii) the amount of the Group 1 Final Maturity Reserve Amount, the Group 2 Final Maturity Reserve Amount and Principal-Only Componentsthe Aggregate Final Maturity Reserve Amount deposited in the Final Maturity Reserve Account, and, on the Final Maturity Reserve Termination Date, the amount distributed from the Final Maturity Reserve Account to each Class of Certificates; (xxix) the Overcollateralized Amount for that Distribution Date; (xxx) the Overcollateralization Target Amount for that Distribution Date; (xxxi) the amount of any Class P Distributable Amount and the amount of any Class ES Distributable Amount; (xxxii) the amount on deposit in the Prefunding Account in the aggregate and for each Loan Group (including a breakdown of amounts released during the prior calendar month in respect of Aggregate Subsequent Transfer Amounts or amounts included in Available Funds on the Distribution Date in the month following the end of the Prefunding Period); (xxxiii) the amount of any payments made by the Basis Risk Cap Provider to the Basis Risk Cap Account pursuant to Section 5.13; (xxxiv) the aggregate Principal Balance and number of Subsequent Mortgage Loans purchased in the Prefunding Period; and (xxxv) the amount of any Net Swap Payment to the Supplemental Interest Trust made pursuant to Section 5.10, any Net Swap Payment to the Swap Provider made pursuant to Section 5.10, any Swap Termination Payment to the Supplemental Interest Trust made pursuant to Sections 5.10 and any Swap Termination Payment to the Swap Provider made pursuant to Section 5.10. The Trustee will Securities Administrator shall make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the TrusteeSecurities Administrator’s internet website. The TrusteeSecurities Administrator’s internet website shall initially be located at “▇▇▇.▇▇://▇▇▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee Securities Administrator’s customer service desk at ▇-(▇▇▇-) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Initial Cut-Off off Date. In addition to the information listed above, such Distribution Date Statement or the report on Form 10-D for such Distribution Date shall also include any other information required by Item 1121 (§ 229.1121) of Regulation AB. (b) Within a reasonable period of time after the end of each calendar year, the Trustee Securities Administrator shall, upon written request, furnish to any NIMS Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such PersonPerson or any NIMS Insurer, such information as is reasonably necessary to provide to such Person or any NIMS Insurer a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person or any NIMS Insurer was a CertificateholderCertificateholder and such other customary information which a Certificateholder reasonably requests to prepare its tax returns. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee Securities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis. (d) In addition to the above, on each Distribution Date, the Servicers shall provide a monthly loan level data file, or the Securities Administrator shall make available on the Securities Administrator’s internet website a monthly loan level data file (based solely on information provided by the Servicers) containing data provided to the Securities Administrator by the Servicers, available to those who are permitted to access the website, including the Rating Agencies. Such data at a minimum shall contain the fields referenced in Exhibit Z.

Statements. (a) On each Distribution Each month, not later than 12:00 noon New York time on the Determination Date, the Trustee Servicer shall make available deliver to each Certificateholderthe Trustee, by telecopy, for distribution to the SellerNoteholders, and the Rating AgencyOwner Trustee for distribution to the Certificateholders, the receipt and legibility of which shall be confirmed telephonically, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) to be delivered on the Business Day following the Determination Date, a statement basedcertificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, as applicablemonth and year), on loan-level information obtained from the Series number, the date of this Agreement, and the Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Datefollowing: (i) the amount of Available Remittance Amounts for the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principalrelated Remittance Date; (ii) the amount of the distribution made on such Distribution Date to the Holders of Class Principal Balances for each Class of Certificates allocable Class A, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant to interestsubclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notes; (iii) the Senior PercentagePrincipal Distribution Amounts for the related Remittance Date, Senior Prepayment Percentage, Subordinate Percentage in the aggregate and Subordinate Prepayment Percentage with respect listed separately for the portions relating to each Loan Group for the following Distribution DateClass of Class A, Class M and Class B Notes; (iv) the aggregate amount of servicing compensation received by the Servicer during Interest Shortfall Carryforward Amounts and Realized Loss Amounts for the related Due Period Remittance Date (by Class and such other customary information as in the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsaggregate); (v) the aggregate amount of Advances Available Maximum Subordination Amount for the related Due Period and the amount of unreimbursed AdvancesRemittance Date; (vi) the number and Principal Balances of all Loans which were the subject of Principal Prepayments during the Due Period; (vii) the amount of all Curtailments which were received during the Due Period; (viii) the aggregate amount of all Excess Payments and the amounts of Monthly Payments in respect of principal received during the Due Period; (ix) the amount of interest received on the Loans; (x) the amount of the Monthly Advances to be made on the Determination Date, the portion of the Monthly Advances to be deposited in the Note Distribution Account pursuant to Section 7.01(a)(ii), and the Compensating Interest payment to be made on the Determination Date; (xi) the delinquency and foreclosure information set forth in the form attached hereto as Exhibit L; (xii) the amount of any Realized Losses incurred during the related Due Period; (xiii) the Available Remittance Amounts for the Remittance Date, in the aggregate and by component; (xiv) the Reimbursable Amounts and the GP Remittance Amount payable with respect to the Remittance Date; (xv) the Class Principal Balance for each Class of Class A, Class M and Class B Notes and the Pool Balance after giving effect to the distribution to be made on the Remittance Date and after allocation of the Applied Realized Loss Amount made on such Remittance Date; (xvi) the calculation of the Trigger Event, including the various components thereof; (xvii) the Cumulative Realized Losses, with respect to the Remittance Date; (xviii) the amount, if any, by which the applicable Formula Distribution Amount exceeds the applicable Class Distribution Amount for such Remittance Date; (xix) the Servicing Fees, the Contingency Fees and amounts to be deposited to the Expense Account and the FHA Premium Account; (xx) the amount of all payments and reimbursements to the Servicer pursuant to Section 4.04(b), (c), (d)(ii), (e) and (f); (xxi) the Class Factor for each Class determined using the balances in subclause (xv) above; (xxii) the weighted average Loan Interest Rate and the weighted average Class Adjusted Loan Remittance Rates, in each case for the related Remittance Date, and the weighted average Loan Interest Rate for the prior three month period; (xxiii) [Reserved]; (viixxiv) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reserved]; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period Spread Amount and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Specified Subordinated Amount for such Distribution Remittance Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement or the related Purchase Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk ShortfallApplied Realized Loss Amount, if any, Realized Loss Amount and Unpaid Realized Loss Amount for each Class as of the related accrued interest thereonclose of such Remittance Date; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, Accelerated Principal Distribution Amount for such Loan GroupRemittance Date; (xxvii) payments made under the Yield Maintenance Agreements, if any; andReserved; (xxviii) the amount of Net Deferred Interest, if any, added to be deposited into the FHA Premium Account on the related Remittance Date and the amount reimbursable to the Class Certificate Principal Balance or Component Principal Balance Servicer from the FHA Premium Account pursuant to Section 7.03(b)(i); (xxix) the amount of FHA Payments and Related Payments received during the related Certificates and Principal-Only Components. The Trustee will make Due Period; (xxx) the Distribution Date Statement Reserve Amount for the related Remittance Date; (xxxi) claims filed during the Due Period; (xxxii) claims paid during the Due Period; (xxxiii) claims denied by the FHA during the Due Period; (xxxiv) claims pending payment by the FHA during the Due Period; and, at its option, any additional files containing (xxxv) Such other information as the same information in an alternative format) available each month to Noteholders or Certificateholders and the other parties to this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at “▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating suchmay reasonably require. The Trustee shall have the right to change the way forward such reports are distributed in order to make such distribution more convenient and/or more accessible report to the partiesNoteholders and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in the Note Distribution Account pursuant to Section 7.01(a)(iv); and the amounts which are reimbursable to the Servicer or the Representative, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii) and 7.05(d)(xvii) (all reports prepared by the Trustee of such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, the Trustee shall provide timely and adequate notification be entitled to all parties regarding any such changerely upon the telecopy. In the case of information furnished pursuant to subclauses (iii), (viii) and (iixiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each Note per $1,000 original dollar amount as of the Cut-Off Date. (ba) Within a reasonable period of time after the end of each calendar year, the Servicer shall furnish to the Trustee shall, upon written request, furnish for distribution to each Person who at any time during the calendar year was a Certificateholder of a Regular CertificateClass A, if requested in writing by such Person, Class M and Class B Noteholder such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (iix), (xiii), (xix) and (ii) xxxv), above, aggregated for such calendar year or applicable portion thereof during which such Person was a CertificateholderNoteholder. Such obligation of the Trustee Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished provided by the Trustee to Certificateholders Servicer pursuant to any requirements of the Code as are in force from time to timetime are in force. (b) On each Remittance Date, the Trustee shall forward to the Owner Trustee, for distribution to the Holder of the GP Interest, a copy of the report forwarded to the Noteholder in respect of such Remittance Date and a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and deems necessary or appropriate. (c) On Within a reasonable period of time after the end of each Distribution Datecalendar year, the Servicer shall furnish to the Trustee, with a copy to the Owner Trustee for distribution to each Person who at any time during the calendar year was a Holder of the GP Interest such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP Interest. Such obligation of the Servicer shall supply an electronic tape be deemed to Bloomberg Financial Marketshave been satisfied to the extent that substantially comparable information shall be provided by the Servicer pursuant to any requirements of the Code as from time to time in force. (d) Upon reasonable advance notice in writing, Inc. the Servicer will provide to each Class A, Class M and Class B Noteholder which is a savings and loan association, bank or insurance company certain reports and access to information and documentation regarding the Loans sufficient to permit such Class A, Class M and Class B Noteholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment in a format acceptable to Bloomberg Financial Marketsthe Class A, Inc. on a monthly basis, Class M and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basisClass B Notes.

Statements. (a) On each Distribution Date, based solely on information provided to it by the Servicer in its Determination Date Report, the Trustee shall prepare and make available to each CertificateholderHolder of the Regular Certificates, the SellerSwap Counterparties, the Servicer and the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from and the Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class C Certificates allocable to principalPrepayment Charges; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates allocable to interest, separately identified; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]; (vii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Pool Balance of the One-Month MTA Indexed Group I Mortgage Loans and the Group II Mortgage Loans at the Close of Business at the end of the related Due Period; (ixiv) [Reserved]; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity aggregate principal balance, and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due DateDetermination Date and the number and aggregate principal balance of all Subsequent Mortgage Loans added during the preceding Prepayment Period; (xiiv) the number and aggregate unpaid principal balance of Mortgage Loans, Loans (identified by Group) that (A) were Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquent, (dB) as to which foreclosure proceedings have been commenced and that (ei) in bankruptcyare not Delinquent, and (ii) are Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) are related to a REO Property and that (i) are not Delinquent and (ii) are Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days and (D) are related to a Mortgagor that was subject to a bankruptcy proceeding and that (i) are not Delinquent and (ii) are Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar montha contractual and bankruptcy legal basis; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xivvi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvvii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses Losses; (viii) the Certificate Principal Balance of each class of the Class A Certificates, each class of the Mezzanine Certificates and each class of the amount of Realized LossesClass B Certificates, after giving effect to the distributions made on such Distribution Date; (ix) the Unpaid Interest Shortfall Amount, if any, allocated with respect to each class of the Class A Certificates, each class of the Mezzanine Certificates or Principaland each class of Class B Certificates for such Distribution Date; (x) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.25; (xi) the Credit Enhancement Percentage for such Distribution Date; (xii) the Available Funds Cap Carryforward Amount for each class of the Class A Certificates, each class of the Mezzanine Certificates and each class of the Class B Certificates if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xiii) the respective Pass-Only ComponentsThrough Rates applicable to each class of the Class A Certificates, each class of the Mezzanine Certificates and the Class B Certificates for such Distribution Date and the Pass-Through Rate applicable to each class of the Class A Certificates, each class of the Mezzanine Certificates and each class of the Class B Certificates for the immediately succeeding Distribution Date; (xiv) the Supplemental Interest Payment for each Class on such Distribution Date; (xv) the difference between (x) the aggregate notional amount of the Swap Agreements and (y) the aggregate Certificate Principal Balance of the Offered Certificates on such Distribution Date; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on Required Overcollateralization Amount for such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, Excess Cashflow for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and Scheduled Principal Payments made during the Unpaid Interest Shortfall Amount for such Distribution Daterelated Due Period; (xix) the Available Funds with respect to each aggregate amount of Principal Prepayments made during the related Due Period in which the related Mortgagor paid the related Mortgage Loan Groupin full; (xx) the Pass-Through Rate for each Class aggregate amount of Certificates for such Distribution DatePrincipal Prepayments in part made during the related Prepayment Period; (xxi) the number and the aggregate Principal Balance principal balance of all Liquidated Mortgage Loans purchased hereunder by the Seller or any Originator during for the related Due Prepayment Period, and indicating the relevant section of this Agreement or the related Purchase Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan;; and (xxii) the aggregate amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i);Net Liquidation Proceeds received during the related Prepayment Period. (xxiii) current Recoveries allocable to each Loan Group;the dollar amount of claims made, amounts paid by the MI Insurer in respect of claims made, and premiums due and paid under the MI Policy; and (xxiv) cumulative Recoveries allocable the amount equal to each Loan Group; the difference between (xxvx) the amount of Class I Monthly Interest Distributable Amount and (y) any Basis Risk Shortfall, if any, and amounts received by the related accrued interest thereon; (xxvi) for each Loan Group, Supplemental Interest Trust from the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance Swap Counterparties in respect of the related Certificates and Principal-Only Components. The Trustee will make Swap Agreements; provided, however, that if the Distribution Date Statement (andresulting number is a negative number, at its option, any additional files containing then the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at “▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way absolute value of such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee shall provide timely and adequate notification to all parties regarding any such changenegative number. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Closing Date. The Trustee may, in the absence of manifest error, conclusively rely upon the Determination Date Report of the Servicer in its preparation of the statement to Certificateholders pursuant to this Section 4.03. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall supply an electronic tape forward to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Marketsthe previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in force. (e) On each Distribution Date, Inc. the Trustee shall post on its website at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇\sfr, which posting shall be accessible to each Certificateholder and the Swap Counterparty, the statement prepared pursuant to paragraph (a) of this Section 4.03. Assistance in using the website can be obtained by calling the Trustee’s customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Such parties that are unable to use the website are entitled to have a monthly basispaper copy mailed to them via first class mail by providing a written request of such to the Trustee at is Corporate Trust office. The Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Trustee shall not have any responsibility to (i) verify information provided by the Servicer to be included in such statement or (ii) include any information required to be included in such statement if the Servicer has failed to timely produce such information to the Trustee, as required pursuant hereto. (f) No later than noon on the second Business Day prior to each Distribution Date, the Trustee will verify that no Notional Amount Test Event is scheduled to occur on the related Distribution Date. In the event a Notional Amount Test Event would otherwise occur on the related Distribution Date, the Trustee will immediately provide notice in the form of Exhibit J to the appropriate NovaStar entity or Affiliate of such NovaStar entity and assign in $10,000,000 increments a portion of the related notional amount from the affected Swap Agreement on the day immediately preceding that Distribution Date until no Notional Amount Test Event will occur on the related Distribution Date. The Trustee shall assign the applicable notional amount from the Swap Agreement with the earliest maturity. In the event that two or more Swap Agreements have the same maturity date, which date is the earliest maturity date of the outstanding Swap Agreements, the Trustee shall assign the applicable notional amounts from the Swap Agreement with the lowest fixed rate. Once such notional amounts have been assigned back to the appropriate NovaStar entity, the related Swap Counterparty will have no obligation to, nor interest in, the Trust with respect to such notional amounts. Furthermore, no distributions will be made from the Supplemental Interest Trust to the related Swap Counterparty in respect of notional amounts assigned under this Section 4.03(f). Upon the occurrence of a Failed Reassignment (as defined in the applicable Swap Agreement) of all or a portion of the notional balance of a Swap Agreement, the affected portion of the notional balance of such Swap Agreement shall be immediately terminated and a Failed Reassignment Termination Payment shall be calculated in accordance with the terms of the applicable Swap Agreement and shall supply an electronic tape be payable in accordance with this Article IV. Any right of a Swap Counterparty to Loan Performance and Intex Solutions in receive a format acceptable Failed Reassignment Termination Payment shall be subject to Loan Performance and Intex Solutions the condition precedent that the Class C Certificates are not then serving as collateral for any outstanding NIM Notes. In no event shall the Trustee allow a Notional Amount Test Event to occur on a monthly basisany Distribution Date.

Statements. (a) On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information the Remittance Report obtained from and the Master Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsPeriod; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]; (vii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) [Reserved]; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month MTA LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reserved]; (x) [Reserved]for each Loan Group, the aggregate Principal Balance of the MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement the Servicing Agreement, or the related Purchase Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i5.01(f)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon, with respect to the LIBOR Certificates; (xxiv) [Reserved]; (xxv) [Reserved]; (xxvi) [Reserved]; (xxvii) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components; (xxix) current Recoveries allocable to each Loan Group; and (xxx) cumulative Recoveries allocable to each Loan Group. The Trustee Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the TrusteeSecurities Administrator’s internet website. The TrusteeSecurities Administrator’s internet website shall initially be located at “▇▇▇.▇▇://▇▇▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee Securities Administrator’s customer service desk at ▇-(▇▇▇-) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, the Trustee Securities Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (iixxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee Securities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Statements. (a) On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information the Remittance Report obtained from and the Master Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsPeriod; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]; (vii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) [Reserved]; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month MTA LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reserved]; (x) [Reserved]for each Loan Group, the aggregate Principal Balance of the MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement the Servicing Agreement, or the related Purchase Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i5.01(f)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon, with respect to the LIBOR Certificates; (xxiv) [reserved]; (xxv) [reserved]; (xxvi) [reserved]; (xxvii) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components; (xxix) current Recoveries allocable to each Loan Group; and (xxx) cumulative Recoveries allocable to each Loan Group. The Trustee Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the TrusteeSecurities Administrator’s internet website. The TrusteeSecurities Administrator’s internet website shall initially be located at “▇▇▇.▇▇://▇▇▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee Securities Administrator’s customer service desk at ▇-(▇▇▇-) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, the Trustee Securities Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (iixxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee Securities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Statements. (a) On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Certificate Insurer, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information the Remittance Report obtained from and the Master Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsPeriod; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]; (vii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) [Reserved]; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month MTA LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reserved]; (x) [Reserved]for each Loan Group, the aggregate Principal Balance of the MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement the Servicing Agreement, or the related Purchase Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i5.01(f)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon, with respect to the LIBOR Certificates; (xxiv) the amount of compensation received by the Trustee during the related Due Period; (xxv) the amount of compensation received by the Custodian during the related Due Period; (xxvi) [Reserved]; (xxvii) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components; (xxix) current Recoveries allocable to each Loan Group; (xxx) cumulative Recoveries allocable to each Loan Group; (xxxi) the amount of the Certificate Insurer Reimbursement Amount, if any; and (xxxii) the Deficiency Amount, if any, to be paid by the Certificate Insurer. The Trustee Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the TrusteeSecurities Administrator’s internet website. The TrusteeSecurities Administrator’s internet website shall initially be located at “▇▇▇.▇▇://▇▇▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee Securities Administrator’s customer service desk at ▇-(▇▇▇-) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, the Trustee Securities Administrator shall, upon written request, furnish to the Certificate Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (iixxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee Securities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Statements. (a) On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Certificate Insurer, the Seller, the Master Servicer and the each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reservedreserved]; (vii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reservedreserved]; (x) [Reservedreserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and Loans for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period for each Loan Group and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only ComponentsCertificates; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate and Adjusted Cap Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement the Servicing Agreement, or the related Purchase Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)[reserved]; (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvii) payments made under the Yield Maintenance Agreements, if any; and; (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsCertificates; (xxix) the amount of the Certificate Insurer Reimbursement Amount, if any; and (xxx) the Deficiency Amount, if any, to be paid by the Certificate Insurer. The Trustee Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the TrusteeSecurities Administrator’s internet website. The TrusteeSecurities Administrator’s internet website shall initially be located at “▇▇▇.▇▇://▇▇▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee Securities Administrator’s customer service desk at ▇-(▇▇▇-) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, the Trustee Securities Administrator shall, upon written request, furnish to the Certificate Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (iixxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee Securities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Statements. (a) On each Distribution Date, based solely on information provided to it by the Servicer in its Determination Date Report, the Trustee shall prepare and make available to each CertificateholderHolder of the Regular Certificates, the SellerSwap Counterparties, the Servicer, the Class A-1 Insurer and the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from and the Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]; (vii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Pool Balance of the One-Month MTA Indexed Group I Mortgage Loans and the Group II Mortgage Loans at the Close of Business at the end of the related Due Period; (ixiv) [Reserved]; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity aggregate principal balance, and weighted average Loan Mortgage Rate of the related Mortgage Loans (identified by Group) as of the related Due DateDetermination Date and the number and aggregate principal balance of all Subsequent Mortgage Loans added (identified by Group) during the preceding Prepayment Period; (xiiv) the number and aggregate unpaid principal balance of Mortgage Loans, Loans (identified by Group) that (A) were Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and that (ei) in bankruptcyare not Delinquent, and (ii) are Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) related to a REO Property that (i) is not Delinquent and (ii) is Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days and (D) related to a Mortgagor that was subject to a bankruptcy proceeding and that (i) is not Delinquent and (ii) is Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar montha contractual and bankruptcy legal basis; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xivvi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvvii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses Losses; (viii) the Certificate Principal Balance of each class of the Class A Certificates, each class of the Mezzanine Certificates, each class of the Class B Certificates and the amount of Realized LossesClass O Certificates, after giving effect to the distributions made on such Distribution Date; (ix) the Unpaid Interest Shortfall Amount, if any, allocated with respect to each class of the Class A Certificates, each class of the Mezzanine Certificates or Principaland each class of Class B Certificates for such Distribution Date; (x) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.25; (xi) the Credit Enhancement Percentage for such Distribution Date; (xii) the Available Funds Cap Carryforward Amount for each class of the Class A Certificates, each class of the Mezzanine Certificates and each class of the Class B Certificates if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xiii) the respective Pass-Only ComponentsThrough Rates applicable to each class of the Class A Certificates, each class of the Mezzanine Certificates and the Class B Certificates for such Distribution Date and the Pass-Through Rate applicable to each class of the Class A Certificates, each class of the Mezzanine Certificates and each class of the Class B Certificates for the immediately succeeding Distribution Date; (xiv) the Supplemental Interest Payment for each Class on such Distribution Date; (xv) (x) the aggregate notional amount of the Swap Agreements and Cap Agreements, (y) the aggregate Certificate Principal Balance of the Underwritten Certificates on such Distribution Date and (z) the difference between (x) and (y); (xvi) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on Required Overcollateralization Amount for such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of CertificatesExcess Cashflow (separately detailing the Mortgage Excess Cashflow and Swap Excess Cashflow, respectively) for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and Scheduled Principal Payments made during the Unpaid Interest Shortfall Amount for such Distribution Daterelated Due Period; (xix) the Available Funds with respect to each aggregate amount of Principal Prepayments made during the related Due Period in which the related Mortgagor paid the related Mortgage Loan Groupin full; (xx) the Pass-Through Rate for each Class aggregate amount of Certificates for such Distribution DatePrincipal Prepayments in part made during the related Prepayment Period; (xxi) the number and the aggregate Principal Balance principal balance of all Liquidated Mortgage Loans purchased hereunder by the Seller or any Originator during for the related Due Prepayment Period, and indicating the relevant section of this Agreement or the related Purchase Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the aggregate amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)Net Liquidation Proceeds received during the related Prepayment Period; (xxiii) current Recoveries allocable to each Loan Group;the Group I Class I Monthly Interest Distributable Amount and the Group II Class I Monthly Interest Distributable Amount; and (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the dollar amount of any Basis Risk Shortfallclaims made, if anyamounts paid by the MI Insurer in respect of claims made, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest premiums due and Net Deferred Interest, if any, for such Loan Group; (xxvii) payments made paid under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components. The Trustee will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at “▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee shall provide timely and adequate notification to all parties regarding any such changeMI Policy. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Closing Date. The Trustee may, in the absence of manifest error, conclusively rely upon the Determination Date Report of the Servicer in its preparation of the statement to Certificateholders pursuant to this Section 4.03. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall supply an electronic tape forward to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Marketsthe previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in force. (e) On each Distribution Date, Inc. the Trustee shall post on its website at [ ], which posting shall be accessible to each Certificateholder and the Swap Counterparties, the statement prepared pursuant to paragraph (a) of this Section 4.03, except that the Trustee shall email a copy of such statement to the Class A-1 Insurer on each Distribution Date to ▇▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇. Assistance in using the website can be obtained by calling the Trustee’s customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Such parties that are unable to use the website are entitled to have a paper copy mailed to them via first class mail by providing a written request of such to the Trustee at is Corporate Trust office. The Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Trustee shall not have any responsibility to (i) verify information provided by the Servicer to be included in such statement or (ii) include any information required to be included in such statement if the Servicer has failed to timely produce such information to the Trustee, as required pursuant hereto. (f) No later than noon on the second Business Day prior to each Distribution Date, the Trustee will verify that no Notional Amount Test Event is scheduled to occur on the related Distribution Date. In the event a Notional Amount Test Event would otherwise occur on the related Distribution Date, the Trustee will immediately provide notice in the form of Exhibit J to the appropriate NovaStar entity and assign in $10,000,000 increments a portion of the related notional amount from the affected Swap Agreement or Cap Agreement on the day immediately preceding that Distribution Date until no Notional Amount Test Event will occur on the related Distribution Date. The Trustee shall assign the applicable notional amount from the Swap Agreement or Cap Agreement, as applicable, in the priority set forth below. Once such Swap Agreement notional amounts have been assigned back to the appropriate NovaStar entity, the related Swap Counterparty will have no obligation to, nor interest in, any Supplemental Interest Trust with respect to such notional amounts. Once such Cap Agreement notional amounts have been assigned back to the appropriate NovaStar entity, the Cap Counterparty will have no obligation to any applicable Supplemental Interest Trust with respect to such notional amounts. Furthermore, no distributions will be made from Supplemental Interest Trust I to the related Swap Counterparty in respect of notional amounts assigned under this Section 4.03 (f). The Trustee will assign portions of the affected Swap Agreements or Cap Agreements as applicable in the following order of priority: (i) from the Swap Agreement with the earliest maturity (until no Notional Amount Test Event would have occurred); (ii) in the event that two or more Swap Agreements have the same maturity, from the Swap Agreement with the lowest fixed rate (until no Notional Amount Test Event would have occurred); and (iii) in the event that no Swap Agreements are outstanding, from the then outstanding Cap Agreements on a monthly basis, and pro rata basis based on the notional amounts of such Cap Agreements (until no Notional Amount Test Event would have occurred). In no event shall supply an electronic tape the Trustee allow a Notional Amount Test Event to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions occur on a monthly basisany Distribution Date.

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Seller, and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicer, the Certificate Insurer and the Servicer (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of the Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of the Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Datereserved; (iv) the aggregate amount of servicing compensation received by the Servicer during with respect to the related Due Remittance Period (separately identifying Servicing Fees and other servicing compensation) and such other customary information as the Trustee reasonably deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesRemittance Period; (vi) [Reserved]; (vii) the Loan Group Pool Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Remittance Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reserved]; (x) [Reserved]; (xi) for each Loan Group, the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) that were (A) Delinquent (exclusive of Mortgage Loans in bankruptcy or foreclosure and REO Properties) (1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each preceding case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding the such Distribution Date, and, cumulatively, and (b) the related Mortgaged Properties of which are REO Properties; (ix) the total number and cumulative principal balance Stated Principal Balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivx) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxi) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses Losses; (xii) the aggregate amount of Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date (xiii) the aggregate Certificate Principal Balance of each Class of Regular Certificates after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date separately identifying any reduction thereof due to allocations of Realized Losses (in the case of the Subordinated Certificates and the Class C Certificates); (xiv) the Certificate Factor for each Class of the Regular Certificates applicable to such Distribution Date; (xv) the Accrued Certificate Interest for the Class A Certificates, the Subordinated Certificates and the Class C Certificates for such Distribution Date and Unpaid Interest Shortfall Amount, if any, allocated with respect to each the Class of A Certificates or Principal-Only Componentsand the Subordinated Certificates for such Distribution Date; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, aggregate amount of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on Net Prepayment Interest Shortfalls for such Distribution Date; (xvii) the aggregate amount of any Relief Act Interest Distributable Amount in respect of each Class of Certificates, Shortfalls for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls Overcollateralized Amount and the Unpaid Interest Shortfall Excess Overcollateralization Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates Credit Enhancement Percentage for such Distribution Date; (xx) the Net WAC Rate Carryover Amount for the Class A Certificates and the Subordinated Certificates, if any, for such Distribution Date and the amount remaining unpaid after payments from the Excess Reserve Fund Account are made pursuant to Section 4.01(e); (xxi) when the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due Period, Stepdown Date has occurred and indicating the relevant section of this Agreement or the related Purchase Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loanwhen a Trigger Event is in effect; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid deposits to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)and withdrawals from the Excess Reserve Fund Account on such Distribution Date; (xxiii) current Recoveries allocable to each Loan Groupthe Available Funds for such Distribution Date; (xxiv) cumulative Recoveries allocable the respective Pass-Through Rates applicable to each Loan Groupthe Class A Certificates, the Subordinated Certificates and the Class C Certificates for such Distribution Date and the respective Pass-Through Rates applicable to the Class A Certificates and the Subordinated Certificates for the immediately succeeding Distribution Date; (xxv) the amount aggregate Notional Amount of any Basis Risk Shortfallthe Class C Certificates, if any, and in each case after giving effect the related accrued interest thereon;reductions thereof to occur on such Distribution Date; and (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, the Reimbursement Amount for such Loan Group; (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) Distribution Date and the amount of Net Deferred Interest, if any, added to received by the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsInsurer in respect thereof on such Distribution Date. The Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the Servicer, the Trustee, the Certificate Insurer and the other parties to this Agreement Rating Agencies via the Trustee’s internet website. The Trustee’s internet website shall initially be located at “h▇▇▇▇▇://://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” /▇▇▇▇. Assistance in using the website can be obtained by calling the Trustee Trustee’s customer service desk at ▇-1-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as hypothetical Certificate having an initial Certificate Principal Balance or Notional Amount (in the case of the Cut-Off DateClass C Certificates) equal to $1,000. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) . On each Distribution Date, the Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe Class R Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Class R Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Marketsthe previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Class R Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in force. The Trustee shall maintain at its Corporate Trust Office and shall make available free of charge during normal business hours for review by any Certificateholder, Inc. on Certificate Owner or any Person identified to the Trustee as a prospective transferee of a Certificate, originals or copies of the following items: (i) the private placement memorandum or other disclosure document relating to such Certificates, if any, in the form most recently provided to the Trustee; and (ii) in all cases, (A) this Agreement and any amendments hereof entered into pursuant to Section 11.01, (B) all monthly basisstatements required to be delivered to Certificateholders of the relevant Class pursuant to this Section 4.02 since the Closing Date, and shall supply an electronic tape all other notices, reports, statements and written communications delivered to Loan Performance the Certificateholders of the relevant Class pursuant to this Agreement since the Closing Date, (C) all certifications delivered by a Responsible Officer of the Trustee since the Closing Date pursuant to Section 9.01(h) and Intex Solutions in (D) any and all Officers’ Certificates delivered to the Trustee by the Servicer since the Closing Date to evidence the Servicer’s determination that any Advance or Servicing Advance was, or if made, would be a format acceptable to Loan Performance Nonrecoverable Advance or Nonrecoverable Servicing Advance, respectively. Copies and Intex Solutions on a monthly basismailing of any and all of the foregoing items will be available from the Trustee upon request at the expense of the person requesting the same.

Statements. (a) On each Distribution Date, the Trustee Securities Administrator shall make available to each Certificateholder, the Seller, the Master Servicer, the Trustee and the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer and the Servicer Servicers, (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. The Distribution Date Statement shall include the following: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during Servicing Fees and Master Servicing Fees for the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsPeriod; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reservedreserved]; (vii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the Six-Month LIBOR Indexed, One-Year LIBOR Indexed, Six-Month MTA COFI Indexed and One-Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reservedreserved]; (x) [Reservedreserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and Loans for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month, in each case, using the MBA method; (xiiixii) the book value (if available) of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xivxiii) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxiv) the aggregate amount of Realized Losses incurred during the related Due Period for each Loan Group and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only ComponentsCertificates; (xvixv) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xviixvi) the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviiixvii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xixxviii) the Available Funds with respect to each Loan Group; (xxxix) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxixx) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement the Servicing Agreement, or the related Purchase Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan;; and (xxiixxi) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i5.01(f)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components. The Trustee Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the TrusteeSecurities Administrator’s internet website. The TrusteeSecurities Administrator’s internet website shall initially be located at “▇▇▇.▇▇://▇▇▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee Securities Administrator’s customer service desk at ▇-(▇▇▇-) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. In addition to the information listed above, such Distribution Date Statement shall also include the information required by Item 1121 (§ 229.1121) of Regulation AB. (b) Within a reasonable period of time after the end of each calendar year, the Trustee Securities Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (iixxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a CertificateholderCertificateholder and such other customary information which a Certificateholder reasonably requests to prepare its tax returns. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee Securities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Seller, and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Servicer, the Certificate Administrator shall prepare and make available to each Holder of the Regular Certificates, the Servicer and the Servicer (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]; (vii) the Loan Group Pool Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiiiv) for each Loan Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reserved]; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity aggregate principal balance, and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due DateDetermination Date and the number and aggregate principal balance of all Subsequent Mortgage Loans added during the preceding Prepayment Period; (xiiv) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and (eC) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar monthREO Properties; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xivvi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvvii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xviviii) the Class Certificate Principal Balance or of the Class Certificate Notional BalanceA-1 Certificates, as applicable, of each Class of the Mezzanine Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class O Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviiix) the Unpaid Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereofShortfall Amount, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of A-1 Certificates, the Mezzanine Certificates and the Class AIO Certificates for such Distribution Date; (xxix) the aggregate Principal Balance amount of Mortgage Loans purchased hereunder any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement or the related Purchase Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanServicer pursuant to Section 3.25; (xxiixi) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)Credit Enhancement Percentage for such Distribution Date; (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxvxii) the amount of any Basis Risk Shortfall, if any, Available Funds Cap Carryforward Amount for the Class A-1 Certificates and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred InterestMezzanine Certificates, if any, for such Loan GroupDistribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviiixiii) the amount of Net Deferred Interest, if any, added respective REMIC Pass-Through Rates applicable to the Class Certificate Principal Balance or Component Principal Balance of A-1 Certificates, the related Mezzanine Certificates and Principal-Only Components. The Trustee will make the Class AIO Certificates for such Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at “▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee customer service desk at ▇REMIC Pass-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible Through Rate applicable to the parties, Class A-1 Certificates and the Trustee shall provide timely and adequate notification to all parties regarding any Mezzanine Certificates for the immediately succeeding Distribution Date; (xiv) the Supplemental Interest Payment for each Class on such change. Distribution Date; In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Closing Date. The Certificate Administrator may, in the absence of manifest error, conclusively rely upon the Determination Date Report of the Servicer in its preparation of the statement to Certificateholders pursuant to this Section 4.03. (b) Within a reasonable period of time after the end of each calendar year, the Trustee Certificate Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee Certificate Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Certificate Administrator shall forward to the Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Certificate Administrator deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, the Certificate Administrator shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Certificate Administrator pursuant to any requirements of the Code as from time to time in force. (e) No later than noon on the Business Day prior to each Distribution Date, the Certificate Administrator shall forward, by facsimile transmission, the statement prepared pursuant to paragraph (a) of this Section 4.03, together with all other information reasonably necessary to make the distributions pursuant to Section 4.01 of this Agreement, to the Trustee. On each Distribution Date, the Trustee shall supply an electronic tape forward by mail to Bloomberg Financial Markets, Inc. in a format acceptable each Certificateholder the statement prepared pursuant to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basisparagraph (a) of this Section 4.

Statements. (a) On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information the Remittance Report obtained from and the Master Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsPeriod; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]; (vii) the Loan Group Balance and the Non-PO Loan Group Balance, and the related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reserved]; (x) [Reserved]; (xivii) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiiiix) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xivx) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxi) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only and the PO Components; (xvixii) the Class Certificate Principal Balance or Class Certificate Notional BalanceAmount, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xviixiii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviiixiv) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xixxv) the Available Funds with respect to each Loan Group; (xxxvi) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxixvii) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement the Servicing Agreement, or the related Purchase Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxiixviii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xix) the amount of compensation received by the Trustee during the related Due Period; (xx) the amount of compensation received by the Custodian during the related Due Period; (xxi) current and cumulative Recoveries; (xxii) current and cumulative PO Recoveries; (xxiii) current Recoveries allocable to each Loan Group;and cumulative Charged-off Recoveries; and (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the aggregate amount of any Basis Risk ShortfallCharged-off Amounts incurred during the related Due Period and the cumulative amount of Charged-off Amounts, if any, and allocated to any Class of Certificates or the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only PO Components. The Trustee Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the TrusteeSecurities Administrator’s internet website. The TrusteeSecurities Administrator’s internet website shall initially be located at “▇▇▇.▇▇://▇▇▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee Securities Administrator’s customer service desk at ▇-(▇▇▇-) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, the Trustee Securities Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (iixvii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee Securities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Seller, and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Servicer, the Certificate Administrator shall prepare and make available to each Holder of the Regular Certificates, the Servicer and the Servicer (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]; (vii) the Loan Group Pool Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiiiv) for each Loan Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reserved]; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity aggregate principal balance, and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due DateDetermination Date and the number and aggregate principal balance of all Subsequent Mortgage Loans added during the preceding Prepayment Period; (xiiv) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and (eC) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar monthREO Properties; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xivvi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvvii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xviviii) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each class of the Class A Certificates, each class of the Mezzanine Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class O Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviiix) the Unpaid Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereofShortfall Amount, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) class of the Pass-Through Rate for Class A Certificates, each class of the Mezzanine Certificates and the Class of AIO Certificates for such Distribution Date; (xxix) the aggregate Principal Balance amount of Mortgage Loans purchased hereunder any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement or the related Purchase Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanServicer pursuant to Section 3.25; (xxiixi) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)Credit Enhancement Percentage for such Distribution Date; (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxvxii) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) Available Funds Cap Carryforward Amount for each Loan Group, class of the amount Class A Certificates and each class of Deferred Interest and Net Deferred Interestthe Mezzanine Certificates, if any, for such Loan GroupDistribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xxviixiii) payments made under the Yield Maintenance Agreementsrespective REMIC Pass-Through Rates applicable to each class of the Class A Certificates, if any; andeach class of the Mezzanine Certificates and the Class AIO Certificates for such Distribution Date and the REMIC Pass-Through Rate applicable to each class of the Class A Certificates and each class of the Mezzanine Certificates for the immediately succeeding Distribution Date; (xxviiixiv) the amount of Net Deferred Interest, if any, added to the Supplemental Interest Payment for each Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components. The Trustee will make the on such Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at “▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee shall provide timely and adequate notification to all parties regarding any such change. Date; In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Closing Date. The Certificate Administrator may, in the absence of manifest error, conclusively rely upon the Determination Date Report of the Servicer in its preparation of the statement to Certificateholders pursuant to this Section 4.03. (b) Within a reasonable period of time after the end of each calendar year, the Trustee Certificate Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee Certificate Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee Certificate Administrator shall supply an electronic tape forward to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Certificate Administrator deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Certificate Administrator shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Marketsthe previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Certificate Administrator pursuant to any requirements of the Code as from time to time in force. (e) No later than noon on the Business Day prior to each Distribution Date, Inc. the Certificate Administrator shall forward, by facsimile transmission, the statement prepared pursuant to paragraph (a) of this Section 4.03, together with all other information reasonably necessary to make the distributions pursuant to Section 4.01 of this Agreement, to the Trustee. On each Distribution Date, the Certificate Administrator, on a monthly basisbehalf of the Trustee, and shall supply an electronic tape forward by mail to Loan Performance and Intex Solutions in a format acceptable each Certificateholder the statement prepared pursuant to Loan Performance and Intex Solutions on a monthly basisparagraph (a) of this Section 4.

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Certificate Insurer, the Yield Maintenance Provider, the Seller, any NIMS Insurer and the each Rating Agency, a statement based, as applicable, on loan-level information obtained from and the Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. Information in the Distribution Date Statement relating to or based on amounts available in the Yield Maintenance Account, the Class ▇▇-▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ Account and the Class ▇▇-▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ Account shall be based on information provided by the Yield Maintenance Provider regarding any Yield Maintenance Distributable Amounts, Class 2A-1A2 Yield Maintenance Distributable Amounts and Class 2A-1A3 Yield Maintenance Distributable Amounts required to be paid by the Yield Maintenance Provider for the related Distribution Date pursuant to the Yield Maintenance Agreement, the Class ▇▇-▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ Agreement or the Class ▇▇-▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ Agreement, as applicable. The Distribution Date Statement shall include the following information, in each case, with respect to such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date[Reserved]; (iv) the aggregate amount of servicing compensation received by the Servicer during Servicing Fees for the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsPeriod; (v) the amount of Advances for each Loan Group and the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]; (vii) the Loan Group Balance for each Loan Group and related the Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (vii) the Pool Balance, Pool Collateral Balance and the Loan Group Balance for such Distribution Date; (viii) for each Loan Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reserved]for each Loan Group, the amount of fees, expenses or indemnification amounts paid by the Trust Fund with an identification of the general purpose of such amounts and the party receiving such amounts; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xiixi) for each Loan Group, the number and aggregate unpaid principal balance of the related Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month, using the OTS method; (xiiixii) for each Loan Group, the book value (if available) of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xivxiii) for each Loan Group, the aggregate amount of any Principal Prepayments, net Principal Prepayments or other unscheduled recoveries of principal with respect to each Loan Group made during the related Prepayment Period; (xvxiv) for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Period for each Loan Group and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Componentsafter giving effect to any distributions made thereon, on such Distribution Date; (xvixv) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xviixvi) for each Loan Group, the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each related Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviiixvii) for each Loan Group, the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date after giving effect to any distributions made thereon, on such Distribution Date; (xviii) for each Loan Group, the related Available Funds; (xix) the Available Funds with respect to for each Loan Group; (xx) , the Pass-Through Rate and related Adjusted Cap Rate for each Class of Certificates for such Distribution Date; (xxixx) for each Loan Group, the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement the Mortgage Loan Purchase Agreement, or the related Purchase Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxiixxi) for each Loan Group, the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i5.01(d); (xxiiixxii) current Recoveries allocable to each Loan Group; (xxivxxiii) cumulative Recoveries allocable to each Loan Group; (xxvxxiv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest for each Class after giving effect to any distributions made thereon, on such Distribution Date; (xxvixxv) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxviixxvi) payments made under the Yield Maintenance Agreementsamount of the Certificate Insurer Reimbursement Amount, if any; and; (xxvii) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates (xxix) the amount of any Unpaid Interest Shortfall Amount; (xxx) the amount of the Group 1 Final Maturity Reserve Amount, the Group 2 Final Maturity Reserve Amount and the Aggregate Final Maturity Reserve Amount deposited in the Final Maturity Reserve Account, and, on the Final Maturity Reserve Termination Date, the amount distributed from the Final Maturity Reserve Account to each Class of Certificates; (xxxi) the Overcollateralized Amount for that Distribution Date; (xxxii) the Overcollateralization Target Amount for that Distribution Date; (xxxiii) the amount remitted by the Administrator to the Trustee pursuant to the Yield Maintenance Allocation Agreement; (xxxiv) the payments, if any, made from the Yield Maintenance Account and the amount distributed to the LIBOR Certificates from such payments; (xxxv) the amount on deposit in the Prefunding Account in the aggregate and Principal-Only Componentsfor each Loan Group (including a breakdown of amounts released during the prior calendar month in respect of Aggregate Subsequent Transfer Amounts or amounts included in Available Funds on the Distribution Date in the month following the end of the Prefunding Period) and the amount of funds remaining in the Capitalized Interest Account (after giving effect to distributions on such Distribution Date); and (xxxvi) the aggregate Principal Balance and number of Subsequent Mortgage Loans purchased in the Prefunding Period. The Trustee will shall make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at “▇▇▇.▇▇://▇▇▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee Trustee’s customer service desk at ▇-(▇▇▇-) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. In addition to the information listed above, such Distribution Date Statement or the report on Form 10-D for such Distribution Date shall also include any other information required by Item 1121 (§ 229.1121) of Regulation AB. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to any NIMS Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such PersonPerson or any NIMS Insurer, such information as is reasonably necessary to provide to such Person or any NIMS Insurer a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person or any NIMS Insurer was a CertificateholderCertificateholder and such other customary information which a Certificateholder reasonably requests to prepare its tax returns. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Seller, and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Servicer, the Certificate Administrator shall prepare and make available to each Holder of the Regular Certificates, the Swap Counterparties, the Servicer and the Servicer (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]; (vii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Pool Balance of the One-Month MTA Indexed Group I Mortgage Loans and the Group II Mortgage Loans at the Close of Business at the end of the related Due Period; (ixiv) [Reserved]; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity aggregate principal balance, and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due DateDetermination Date and the number and aggregate principal balance of all Subsequent Mortgage Loans added during the preceding Prepayment Period; (xiiv) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and (eC) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar monthREO Properties; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xivvi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvvii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xviviii) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each class of the Class A Certificates, each class of the Mezzanine Certificates, the Class B Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class O Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviiix) the Unpaid Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereofShortfall Amount, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) class of the Pass-Through Rate for Class A Certificates, each class of the Mezzanine Certificates, the Class of B Certificates and the Class AIO Certificates for such Distribution Date; (xxix) the aggregate Principal Balance amount of Mortgage Loans purchased hereunder any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement or the related Purchase Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanServicer pursuant to Section 3.25; (xxiixi) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)Credit Enhancement Percentage for such Distribution Date; (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxvxii) the amount Available Funds Cap Carryforward Amount for each class of any Basis Risk Shortfallthe Class A Certificates, if any, each class of the Mezzanine Certificates and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred InterestClass B Certificates, if any, for such Loan GroupDistribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviiixiii) the amount respective REMIC Pass-Through Rates applicable to each class of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance A Certificates, each class of the related Certificates and Principal-Only Components. The Trustee will make Mezzanine Certificates, the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at “▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the partiesClass B Certificates, and the Trustee shall provide timely Class AIO Certificates for such Distribution Date and adequate notification the REMIC Pass-Through Rate applicable to all parties regarding any each class of the Class A Certificates, each class of the Mezzanine Certificates and the Class B Certificates for the immediately succeeding Distribution Date; (xiv) the Supplemental Interest Payment for each Class on such change. Distribution Date; (xv) the difference between the Swap Notional Amount and the Underwritten Certificates (and the Class B Certificate if held by an entity unrelated to the Seller) Principal Balance on such Distribution Date; In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Closing Date. The Certificate Administrator may, in the absence of manifest error, conclusively rely upon the Determination Date Report of the Servicer in its preparation of the statement to Certificateholders pursuant to this Section 4.03. (b) Within a reasonable period of time after the end of each calendar year, the Trustee Certificate Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee Certificate Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee Certificate Administrator shall supply an electronic tape forward to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Certificate Administrator deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Certificate Administrator shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Marketsthe previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Certificate Administrator pursuant to any requirements of the Code as from time to time in force. (e) No later than noon on the Business Day prior to each Distribution Date, Inc. the Certificate Administrator shall forward, by facsimile transmission, the statement prepared pursuant to paragraph (a) of this Section 4.03, together with all other information reasonably necessary to make the distributions pursuant to Section 4.01 of this Agreement, to the Trustee. On each Distribution Date, the Certificate Administrator, on a monthly basisbehalf of the Trustee, and shall supply an electronic tape forward by mail to Loan Performance and Intex Solutions in a format acceptable each Certificateholder the statement prepared pursuant to Loan Performance and Intex Solutions on a monthly basisparagraph (a) of this Section 4.

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Seller, and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer, the Trustee shall prepare and forward by mail to each Holder of the Regular Certificates, the Master Servicer, the Certificate Insurer and the Servicer (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal;Class A Certificates, (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Class A Certificates allocable to principal and interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to the Overcollateralization Target Amount as of such Distribution Date for each Class of Class A Certificates and the General Excess Available Amount for each related Loan Group for the following such Distribution Date; (iv) the aggregate amount of servicing compensation received by the Master Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsreturns and, separately identified, the amount of compensation paid to the Special Servicer; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPrepayment Period; (vi) [Reserved]; (vii) the Pool Principal Balance and the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Prepayment Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reserved]; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Date; (xiiviii) separately stated for each Loan Group, the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) 30 to 59 days Delinquentpast due on a contractual basis, (b) 60 to 89 days Delinquentpast due on a contractual basis, (c) 90 or more days Delinquentpast due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case bankruptcy as of the close Close of business Business on the last day of the calendar month preceding such Distribution Date; (ix) with respect to any Mortgage Loan as to which the related Mortgaged Property became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the Principal Balance of such Mortgage Loan as of the Close of Business on the last day of the related Prepayment Period, and the date on which it became an REO Property; (xiiix) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Perioddue period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvixiii) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class A Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Interest Distributable Amount in respect of each Class of Certificates, Class A Certificates for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviiixvi) the aggregate amount of any Net Prepayment Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date, to the extent not covered by payments by the Master Servicer pursuant to Section 3.26; (xvii) the amount of premium to be paid to the Certificate Insurer and the Trustee Fee for such Distribution Date, stated separately; (xviii) the Group I Interest Carryover and the Group II Interest Carryover, if any, for such Distribution Date and the amount remaining unpaid on each Interest Carryover after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Deficiency Amount after giving effect to the distribution of principal on such Distribution Date; (xx) whether the Step Down Cumulative Loss Test, Step Down Rolling Delinquency Test, Step Down Rolling Loss Test, Step Up Cumulative Loss Test, Step Up Rolling Delinquency Test, Step Up Rolling Loss Test and/or Step Up Spread Squeeze Test have been met, the cumulative realized losses with respect to each Loan Group, as a percentage of the original Loan Group Balance, the Delinquency Percentage and the Annual Loss Percentage; (xxi) the Available Funds with respect to each Loan Group; (xxxxii) the Pass-Through Rate for each the Class of A-1 and Class A-2 Certificates for such Distribution Date; (xxixxiii) the Liquidation Report for such Distribution Date; (xxiv) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Master Servicer, Special Servicer or Seller or any Originator during the related Due Period, Period and indicating the relevant section Section of this Agreement or the related Purchase Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and premium to be paid to the related accrued interest thereonPMI Insurer; (xxvi) for each Loan Groupthe aggregate amount representing collections of Prepayment Premiums during the related Prepayment Period included in Group I Available Funds and Group II Available Funds, the amount of Deferred Interest and Net Deferred Interest, if any, for on such Loan GroupDistribution Date; (xxvii) payments made under the Yield Maintenance AgreementsClass X Group I IO Component Distributable Amount and the Class X Group II IO Component Distributable Amount for such Distribution Date and (a) the portion thereof distributed on the current Distribution Date and the portion thereof remaining unpaid on such Distribution Date, if any(b) any such amount for any prior Distribution Date distributed on the current Distribution Date and (c) any such amount for any prior Distribution Date remaining unpaid after giving effect to the distributions on the current Distribution Date, separately stated; and (xxviii) the amount on deposit in each of Net Deferred Interestthe Pre-Funding Accounts and Capitalized Interest Accounts, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Componentsstated separately. The Trustee will shall forward such report concurrently with each distribution to the Certificateholders, the Certificate Insurer (at ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, Attention: Surveillance Department) and the Rating Agencies on the related Distribution Date. The Trustee may also make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) such reports available each month to Certificateholders and the other parties each party referred to in this Agreement paragraph via the Trustee’s internet 's website. The Trustee’s internet 's website shall initially can be located accessed at “▇▇▇▇▇://▇▇▇▇▇▇.▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇/invr.” Assistance in using . The Trustee's obligations pursuant to this Section 4.03 are limited to the website can be obtained by calling extent of its receipt of all necessary information from the Trustee customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating suchMaster Servicer. The Trustee may fully rely upon and shall have no liability with respect to information provided by the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee shall provide timely and adequate notification to all parties regarding any such changeMaster Servicer. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall supply an electronic tape forward to Bloomberg Financial Marketsthe Class R Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Class R Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Class R Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Statements. (a) On Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than each Distribution Date, the Trustee shall make available on its website initially located at www.jpmorgan.com/sfr to each Certificateholderthe Deposito▇, ▇▇▇▇ ▇▇▇▇▇, the Seller, Servicers and the Rating Agency, Agencies a statement based, as applicable, on loan-level information obtained from and setting forth the Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Datefollowing information: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]; (vii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reserved]; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, on deposit in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, Account on such Distribution Date; (xviiii) the Accrued Certificate Interest, Unpaid Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereofAmount, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls Basis Risk Carry Forward Amount, if any, and the Unpaid Interest Shortfall Amount for such Principal Distribution Date; (xix) the Available Funds Amount, with respect to each Loan GroupClass individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class M Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; (xxiii) the Pass-Through Rate for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date; (iv) reserved; (v) the Certificate Balance of the Class A-1 Certificates and each Class of Class M Certificates and Class B Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment; (vi) the amount, if any, of any Realized Losses for the related Due Period in the aggregate, the amount of Applied Realized Loss Amounts to each Class of Offered Certificates on such Distribution Date and the amount of Cumulative Realized Losses as of the last day of the related Due Period; (vii) reserved; (viii) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000); (ix) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein; (x) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xi) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Due Period; (xiii) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount; (xiv) the weighted average interest rate of the Mortgage Loans; (xv) the weighted average remaining term of the Mortgage Loans; (xvi) the number and principal amounts of the Mortgage Loans that were 60 days or more Delinquent for each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xvii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xviii) the Principal Balance of the largest Mortgage Loans outstanding; (xix) the number, aggregate Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Principal Balance of such Mortgage Loans; (xx) (a) the status, the number, and the Principal Balances of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month preceding such Distribution Date (b) the percentage of Mortgage Loans in foreclosure that are Foreclosure Restricted Mortgage Loans, (c) the percentage of REO Property acquired by the Trust in respect of Foreclosure Restricted Mortgage Loans as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and (d) the number and the Principal Balances of all Mortgage Loans that are Foreclosure Restricted Mortgage Loans as of the close of business on the last Business Day of the calendar month preceding such Distribution Date; (xxi) the aggregate number of Mortgagors and the Principal Balance Balances of the related Mortgages for all Bankruptcy Loans and whether such Mortgage Loans purchased hereunder by the Seller are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or any Originator during the related Due Period, and indicating the relevant section of this Agreement or the related Purchase Agreementmore days Delinquent, as applicable, requiring or allowing of the purchase close of each business on the last Business Day of the calendar month next preceding such Mortgage LoanDistribution Date; (xxii) the amount number of any Mortgagors and the Principal Deficiency Amounts Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) current Recoveries allocable the existence and status of any Mortgaged Properties for all Mortgage Loans as to each Loan Groupwhich title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date; (xxiv) cumulative Recoveries allocable to each Loan Groupthe book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxv) the amount number of any Basis Risk Shortfall, if any, and the related accrued interest thereonMortgage Loans; (xxvi) for each Loan Group, identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan GroupLiquidation Proceeds applicable to the unpaid principal balance from the loan); and d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Due Period; (xxvii) payments made under the Yield Maintenance Agreements, if any; andnumber and Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component number and Principal Balance of the related Certificates and Principal-Only Components. The Trustee will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at “▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Parties Mortgage Loans that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee shall provide timely and adequate notification to all parties regarding any such change. In the case being contested because of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section Section 32 of the report as a dollar Truth in Lending Act; (xxix) the amount for each Class for each $1,000 original dollar amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types: a. REO Property sold; b. short sale; c. deed in lieu; d. no equity second mortgages; and e. other; as of the Cut-Off Dateclose of business on the last Business Day of the related Due Period; (xxx) the number and Pool Balance with respect to each product type of all Mortgage Loans that are Bankruptcy Loans, separately identifying: a. those Bankruptcy Loans that are currently meeting their payment plan; b. those Bankruptcy Loans that are 1 to 2 payments behind their payment plan; c. those Bankruptcy Loans that are 2 to 3 payments behind their payment plan; d. those Bankruptcy Loans that are greater than 3 payments behind their payment plan; e. those Bankruptcy Loans that are greater than 4 payments behind their payments; and f. those Bankruptcy Loans that are greater than 5 payments behind their payments; (xxxi) the calculations and results of calculations of each Stepdown Date test performed; (xxxii) the number and Principal Balance of each Mortgage Loan purchased pursuant to Section 8.21; and (xxxiii) any other information that the Depositor, the Trustee or the relevant Servicer deems necessary. (b) Within a reasonable period The Trustee shall report to the Depositor and each Certificateholder, with respect to the amount on deposit in the Certificate Account and the identity of the investments included therein, as the Depositor may from time after to time reasonably request. Without limiting the end generality of each calendar yearthe foregoing, the Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation request of the Trustee shall be deemed to have been satisfied Depositor transmit promptly to the extent that substantially comparable information Depositor copies of all accounting of receipts in respect of the Mortgage Loans furnished to it by each Servicer and shall be prepared and furnished notify the Depositor if any Remittance Amount has not been received by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to timewhen due. (c) On The Trustee shall report to the Depositor and each Distribution DateCertificateholder with respect to any written notices it may from time to time receive which provide an Authorized Officer with actual knowledge that certain of the statements set forth in this Agreement are inaccurate. (d) The related Servicer shall furnish to the Trustee, and each Owner of any Class X Certificate, in each case during the term of this Agreement, (i) such information with respect to the Mortgage Loans serviced by such Servicer as is necessary to prepare its report provided for in Section 7.08 and (ii) periodic, special or other reports or information not specifically provided for herein, as may be necessary, reasonable, or appropriate with respect to the Trustee or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided by and in accordance with such applicable instructions and directions as the Trustee may reasonably require; provided, that each such Servicer shall supply an electronic tape be entitled to Bloomberg Financial Marketsbe reimbursed by the requesting party for the fees and actual expenses associated with providing the reports described in clause (ii), Inc. if such reports are not generally produced in the ordinary course of business, provided that any reports requested by the Trustee (other than at the request of a format acceptable third party who shall be responsible for such fees and expenses) shall be reimbursed by the Trust as Trust Expenses. The Trustee's responsibility for providing the report described in Section 7.08 shall be limited to Bloomberg Financial Marketsthe availability, Inc. on a monthly basis, timeliness and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basisaccuracy of the information provided therefor by the relevant Servicer.

Statements. (a) On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Certificate Insurer, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information the Remittance Report obtained from and the Master Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsPeriod; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]; (vii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) [Reserved]; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month MTA LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reserved]; (x) [Reserved]for each Loan Group, the aggregate Principal Balance of the MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement the Servicing Agreement, or the related Purchase Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i5.01(f)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon, with respect to the LIBOR Certificates; (xxiv) [Reserved]; (xxv) [Reserved]; (xxvi) [Reserved]; (xxvii) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components; (xxix) current Recoveries allocable to each Loan Group; (xxx) cumulative Recoveries allocable to each Loan Group; (xxxi) the amount of the Certificate Insurer Reimbursement Amount, if any; and (xxxii) the Deficiency Amount, if any, to be paid by the Certificate Insurer. The Trustee Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the TrusteeSecurities Administrator’s internet website. The TrusteeSecurities Administrator’s internet website shall initially be located at “▇▇▇.▇▇://▇▇▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee Securities Administrator’s customer service desk at ▇-(▇▇▇-) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, the Trustee Securities Administrator shall, upon written request, furnish to the Certificate Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (iixxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee Securities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Seller, and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Master Servicer, the Certificate Insurer and the Servicer (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of the Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of the Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Datereserved; (iv) the aggregate amount of servicing compensation received by the Master Servicer during with respect to the related Due Remittance Period (separately identifying Servicing Fees and other servicing compensation) and such other customary information as the Trustee reasonably deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesRemittance Period; (vi) [Reserved]; (vii) the Loan Group Pool Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Remittance Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reserved]; (x) [Reserved]; (xi) for each Loan Group, the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) that were (A) Delinquent (exclusive of Mortgage Loans in bankruptcy or foreclosure and REO Properties) (1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each preceding case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding the such Distribution Date, and, cumulatively, and (b) the related Mortgaged Properties of which are REO Properties; (ix) the total number and cumulative principal balance Stated Principal Balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivx) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxi) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses Losses; (xii) the aggregate amount of Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date (xiii) the aggregate Certificate Principal Balance of each Class of Regular Certificates after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date separately identifying any reduction thereof due to allocations of Realized Losses (in the case of the Subordinated Certificates and the Class C Certificates); (xiv) the Certificate Factor for each Class of the Regular Certificates applicable to such Distribution Date; (xv) the Accrued Certificate Interest for the Class A Certificates, the Subordinated Certificates and the Class C Certificates for such Distribution Date and Unpaid Interest Shortfall Amount, if any, allocated with respect to each the Class of A Certificates or Principal-Only Componentsand the Subordinated Certificates for such Distribution Date; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, aggregate amount of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on Net Prepayment Interest Shortfalls for such Distribution Date; (xvii) the aggregate amount of any Relief Act Interest Distributable Amount in respect of each Class of Certificates, Shortfalls for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls Overcollateralized Amount and the Unpaid Interest Shortfall Excess Overcollateralization Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates Credit Enhancement Percentage for such Distribution Date; (xx) the Net WAC Rate Carryover Amount for the Class A Certificates and the Subordinated Certificates, if any, for such Distribution Date and the amount remaining unpaid after payments from the Excess Reserve Fund Account are made pursuant to Section 4.01(e); (xxi) when the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due Period, Stepdown Date has occurred and indicating the relevant section of this Agreement or the related Purchase Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loanwhen a Trigger Event is in effect; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid deposits to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)and withdrawals from the Excess Reserve Fund Account on such Distribution Date; (xxiii) current Recoveries allocable to each Loan Groupthe Available Funds for such Distribution Date; (xxiv) cumulative Recoveries allocable the respective Pass-Through Rates applicable to each Loan Groupthe Class A Certificates, the Subordinated Certificates and the Class C Certificates for such Distribution Date and the respective Pass-Through Rates applicable to the Class A Certificates and the Subordinated Certificates for the immediately succeeding Distribution Date; (xxv) the amount aggregate Notional Amount of any Basis Risk Shortfallthe Class C Certificates, if any, and in each case after giving effect the related accrued interest thereonreductions thereof to occur on such Distribution Date; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, the Reimbursement Amount for such Loan GroupDistribution Date and the amount received by the Certificate Insurer in respect thereof on such Distribution Date; (xxvii) payments made under the Yield Maintenance Agreements, if anyreserved; and (xxviii) the amount of Net Deferred Interest, if any, added to due under the Class Certificate Principal Balance or Component Principal Balance of Corridor Agreement and the related Certificates and Principal-Only Componentsamounts received under the Corridor Agreement. The Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the Master Servicer, the Trustee, the Certificate Insurer and the other parties to this Agreement Rating Agencies via the Trustee’s internet website. The Trustee’s internet website shall initially be located at “▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” https://www.tss.db.com/invr. Assistance in using the website can be obtained by calling the Trustee Trustee’s customer service desk at ▇1-▇▇▇800-▇▇▇735-▇▇▇▇7777. Parties that are unable to use the above distribution option are entitled to have a paper options ar▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇ ▇▇▇▇▇ copy mailed to them via first class mail by calling the customer service desk and indicating suchsuc▇. The Trustee ▇▇▇ ▇▇▇▇▇▇▇ shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as hypothetical Certificate having an initial Certificate Principal Balance or Notional Amount (in the case of the Cut-Off DateClass C Certificates) equal to $1,000. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) . On each Distribution Date, the Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe Class R Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Class R Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Marketsthe previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Class R Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in force. The Trustee shall maintain at its Corporate Trust Office and shall make available free of charge during normal business hours for review by any Certificateholder, Inc. on Certificate Owner or any Person identified to the Trustee as a prospective transferee of a Certificate, originals or copies of the following items: (i) the private placement memorandum or other disclosure document relating to such Certificates, if any, in the form most recently provided to the Trustee; and (ii) in all cases, (A) this Agreement and any amendments hereof entered into pursuant to Section 11.01, (B) all monthly basisstatements required to be delivered to Certificateholders of the relevant Class pursuant to this Section 4.02 since the Closing Date, and shall supply an electronic tape all other notices, reports, statements and written communications delivered to Loan Performance the Certificateholders of the relevant Class pursuant to this Agreement since the Closing Date, (C) all certifications delivered by a Responsible Officer of the Trustee since the Closing Date pursuant to Section 9.01(h) and Intex Solutions in (D) any and all Officers’ Certificates delivered to the Trustee by the Master Servicer since the Closing Date to evidence the Master Servicer’s determination that any Advance or Servicing Advance was, or if made, would be a format acceptable to Loan Performance Nonrecoverable Advance or Nonrecoverable Servicing Advance, respectively. Copies and Intex Solutions on a monthly basismailing of any and all of the foregoing items will be available from the Trustee upon request at the expense of the person requesting the same.

Statements. (a) On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the each Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reservedreserved]; (vii) the Loan Group Balance, the Non-PO Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period[reserved]; (ix) [Reservedreserved]; (x) [Reservedreserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and Loans for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period for each Loan Group and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only ComponentsCertificates; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement the Servicing Agreement, or the related Purchase Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid current and cumulative PO Recoveries allocable to an Undercollateralized Loan Group or amounts paid pursuant to Section 5.01(e)(i)1 and Loan Group 2; (xxiii) current Recoveries allocable to each Loan Group; (xxiv) and cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components. The Trustee Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the TrusteeSecurities Administrator’s internet website. The TrusteeSecurities Administrator’s internet website shall initially be located at “▇▇▇.▇▇://▇▇▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee Securities Administrator’s customer service desk at ▇-(▇▇▇-) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, the Trustee Securities Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (iixxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee Securities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Statements. (a) On each Distribution Date, based, as applicable, on information provided to it by the Servicer, the Trustee shall make available to each CertificateholderHolder of the Regular Certificates, the Seller, Servicer and the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from and the Servicer (the “"Distribution Date Statement”") as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following such Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reservedreserved]; (vii) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, each as of the related Determination Date; (viii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at on the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of last Business at the end Day of the related Due Period; (ix) [Reserved]Net WAC with respect to each Loan Group; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans in each Loan Group as of the related Due Date; (xiixi) separately stated for each Loan Group, the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close Close of business Business on the last day of the calendar month preceding calendar monthsuch Distribution Date; (xiiixii) separately for each Loan Group, the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xivxiii) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xiv) [reserved]; (xv) separately for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and (other than the Apportioned Principal Balances of the Subordinate Certificates Class X Certificates) after giving effect to any distributions made thereonthereon on such Distribution Date, on and the Class Certificate Notional Balance of the Class X Certificates as of such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of the Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Prepayment Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.24 hereof, in each case by Loan Group; (xix) the Loan Group Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date;; and (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Servicer or the Seller or any Originator during the related Due PeriodPeriod with respect to each Loan Group, and indicating the relevant section Section of this Agreement or the related Purchase Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components. The Trustee will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s 's internet websitewebsite and will forward the Distribution Date Statement to each Rating Agency. The Trustee’s 's internet website shall initially be located at “"www.ctslink.com". Assistance in u▇▇▇▇ ▇▇▇ ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using e or the website fax-on-demand service can be obtained by calling the Trustee Trustee's customer service desk at ▇(301) 815-▇▇▇-▇▇▇-6600. Parties that are ▇▇▇▇. Parties that are unable to use ▇▇ ▇▇ ▇▇▇ the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating suchrequesting same. The Trustee shall have the right to change the way such reports Distribution Date Statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Trustee shall provide timely and adequate notification to all the above parties regarding any such changechanges. The Trustee's obligations pursuant to this Section 4.04 are limited to the extent of its receipt of all necessary information from the Servicer. The Trustee may fully rely upon and shall have no liability with respect to information provided by the Servicer. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and through (iiiii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On or before January 31 of each year, the Servicer, on behalf of the Trust, shall provide the Trustee with written notice listing all Distribution DateDate Statements with respect to Distribution Dates occurring in the prior calendar year that were included in a Form 8-K filing pursuant to Section 3.22(b), provided, that if no Form 10-K is required to be filed for such prior calendar year, no written notice shall be required. No later than March 15 of each year in which such written notice is provided by the Servicer to the Trustee, the Trustee shall supply an electronic tape to Bloomberg Financial Marketssign a certification (in the form attached hereto as Exhibit P), Inc. in a format acceptable to Bloomberg Financial Marketsfor the benefit of the Person(s) signing the Form 10-K Certification, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basisregarding certain aspects Form 10-K Certification.

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the SellerCertificate Insurer, the Seller and the Rating Agency, a statement based, as applicable, on loan-level information obtained from and the Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Group 1 Subordinate Percentage, Group 2 Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group Subgroup for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reservedreserved]; (vii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan GroupGroup and Loan Subgroup, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reserved]; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and Loans for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period for each Loan Group and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only ComponentsCertificates; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement the Servicing Agreement, or the related Purchase Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvii) payments made under the Yield Maintenance Agreements, if any; and; (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components; and (xxix) the amount of the Certificate Insurer Reimbursement Amount, if any; and (xxx) the Deficiency Amount, if any, to be paid by the Certificate Insurer. The Trustee will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at “▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee customer service desk at ▇-(▇▇▇-) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to the Certificate Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Statements. (a) On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, any NIMS Insurer, the Master Servicer and the each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer, the Swap Provider, the Basis Risk Cap Provider and the Servicer Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. The Distribution Date Statement shall include the following information, in each case, with respect to such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date[Reserved]; (iv) the aggregate amount of servicing compensation received by the Servicer during Servicing Fees, Subservicing Fees, Master Servicing Fees and Credit Risk Manager Fees for the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsPeriod; (v) the amount of Advances for each Loan Group and the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]; (vii) the Loan Group Balance for each Loan Group and related the Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (vii) the Pool Balance, the Pool Collateral Balance and the Loan Group Balance for such Distribution Date; (viii) for each Loan Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reserved]for each Loan Group, the amount of fees, expenses or indemnification amounts paid by the Trust Fund with an identification of the general purpose of such amounts and the party receiving such amounts; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xiixi) for each Loan Group, the number and aggregate unpaid principal balance of the related Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month, using the OTS method; (xiiixii) for each Loan Group, the book value (if available) of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xivxiii) for each Loan Group, the aggregate amount of any Principal Prepayments, net Principal Prepayments or other unscheduled recoveries of principal with respect to each Loan Group made during the related Prepayment Period; (xvxiv) for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Period for each Loan Group and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Componentsafter giving effect to any distributions made thereon, on such Distribution Date; (xvixv) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xviixvi) for each Loan Group, the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each related Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviiixvii) for each Class, the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date after giving effect to any distributions made thereon, on such Distribution Date; (xviii) for each Loan Group, the related Available Funds; (xix) the Available Funds with respect to for each Loan Group; (xx) , the Pass-Through Rate and related Adjusted Cap Rate for each Class of Certificates for such Distribution Date; (xxixx) for each Loan Group, the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement or the related Purchase Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxiixxi) for each Loan Group, the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i5.01(f)(i); (xxiiixxii) current Recoveries allocable to each Loan Group; (xxivxxiii) cumulative Recoveries allocable to each Loan Group; (xxvxxiv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest for each Class after giving effect to any distributions made thereon, on such Distribution Date; (xxvixxv) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviiixxvi) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates Certificates; (xxvii) the amount of any Unpaid Interest Shortfall Amount; (xxviii) the amount of the Group 1 Final Maturity Reserve Amount, the Group 2 Final Maturity Reserve Amount and Principal-Only Componentsthe Aggregate Final Maturity Reserve Amount deposited in the Final Maturity Reserve Account, and, on the Final Maturity Reserve Termination Date, the amount distributed from the Final Maturity Reserve Account to each Class of Certificates; (xxix) the Overcollateralized Amount for that Distribution Date; (xxx) the Overcollateralization Target Amount for that Distribution Date; (xxxi) the amount of any Class P Distributable Amount and the amount of any Class ES Distributable Amount; (xxxii) the amount on deposit in the Prefunding Account in the aggregate and for each Loan Group (including a breakdown of amounts released during the prior calendar month in respect of Aggregate Subsequent Transfer Amounts or amounts included in Available Funds on the Distribution Date in the month following the end of the Prefunding Period); (xxxiii) the amount of any payments made by the Basis Risk Cap Provider to the Basis Risk Cap Account pursuant to Section 5.13; (xxxiv) the aggregate Principal Balance and number of Subsequent Mortgage Loans purchased in the Prefunding Period; and (xxxv) the amount of any Net Swap Payment to the Supplemental Interest Trust made pursuant to Section 5.10, any Net Swap Payment to the Swap Provider made pursuant to Section 5.10, any Swap Termination Payment to the Supplemental Interest Trust made pursuant to Sections 5.10 and any Swap Termination Payment to the Swap Provider made pursuant to Section 5.10. The Trustee will Securities Administrator shall make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the TrusteeSecurities Administrator’s internet website. The TrusteeSecurities Administrator’s internet website shall initially be located at “w▇▇.▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee Securities Administrator’s customer service desk at ▇-(▇▇▇-) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Initial Cut-Off off Date. In addition to the information listed above, such Distribution Date Statement or the report on Form 10-D for such Distribution Date shall also include any other information required by Item 1121 (§ 229.1121) of Regulation AB. (b) Within a reasonable period of time after the end of each calendar year, the Trustee Securities Administrator shall, upon written request, furnish to any NIMS Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such PersonPerson or any NIMS Insurer, such information as is reasonably necessary to provide to such Person or any NIMS Insurer a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person or any NIMS Insurer was a CertificateholderCertificateholder and such other customary information which a Certificateholder reasonably requests to prepare its tax returns. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee Securities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Seller, and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Servicer, the Certificate Administrator shall prepare and make available to each Holder of the Regular Certificates, the Swap Counterparties, the Servicer and the Servicer (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]; (vii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Pool Balance of the One-Month MTA Indexed Group I Mortgage Loans and the Group II Mortgage Loans at the Close of Business at the end of the related Due Period; (ixiv) [Reserved]; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity aggregate principal balance, and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiv) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and (eC) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar monthREO Properties; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xivvi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvvii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xviviii) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each class of the Class A Certificates, each class of the Mezzanine Certificates, the Class B Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class O Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviiix) the Unpaid Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereofShortfall Amount, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) class of the Pass-Through Rate for Class A Certificates, each class of the Mezzanine Certificates, the Class of B Certificates and the Class AIO Certificates for such Distribution Date; (xxix) the aggregate Principal Balance amount of Mortgage Loans purchased hereunder any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement or the related Purchase Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanServicer pursuant to Section 3.25; (xxiixi) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)Credit Enhancement Percentage for such Distribution Date; (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxvxii) the amount Available Funds Cap Carryforward Amount for each class of any Basis Risk Shortfallthe Class A Certificates, if any, each class of the Mezzanine Certificates and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred InterestClass B Certificates, if any, for such Loan GroupDistribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviiixiii) the amount respective REMIC Pass-Through Rates applicable to each class of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance A Certificates, each class of the related Certificates and Principal-Only Components. The Trustee will make Mezzanine Certificates, the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at “▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the partiesClass B Certificates, and the Trustee shall provide timely Class AIO Certificates for such Distribution Date and adequate notification the REMIC Pass-Through Rate applicable to all parties regarding any each class of the Class A Certificates, each class of the Mezzanine Certificates and the Class B Certificates for the immediately succeeding Distribution Date; (xiv) the Supplemental Interest Payment for each Class on such change. Distribution Date; (xv) the difference between the Swap Notional Amount and the Underwritten Certificates (and the Class B Certificate if held by an entity unrelated to the Seller) Principal Balance on such Distribution Date; In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Closing Date. The Certificate Administrator may, in the absence of manifest error, conclusively rely upon the Determination Date Report of the Servicer in its preparation of the statement to Certificateholders pursuant to this Section 4.03. (b) Within a reasonable period of time after the end of each calendar year, the Trustee Certificate Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee Certificate Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee Certificate Administrator shall supply an electronic tape forward to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Certificate Administrator deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Certificate Administrator shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Marketsthe previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Certificate Administrator pursuant to any requirements of the Code as from time to time in force. (e) No later than noon on the Business Day prior to each Distribution Date, Inc. the Certificate Administrator shall forward, by facsimile transmission, the statement prepared pursuant to paragraph (a) of this Section 4.03, together with all other information reasonably necessary to make the distributions pursuant to Section 4.01 of this Agreement, to the Trustee. On each Distribution Date, the Certificate Administrator, on a monthly basisbehalf of the Trustee, and shall supply an electronic tape forward by mail to Loan Performance and Intex Solutions in a format acceptable each Certificateholder the statement prepared pursuant to Loan Performance and Intex Solutions on a monthly basisparagraph (a) of this Section 4.

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Seller, and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Swap Counterparties, the Servicer and the Servicer (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]; (vii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Pool Balance of the One-Month MTA Indexed Group I Mortgage Loans, the Group II Mortgage Loans and the Group III Mortgage Loans at the Close of Business at the end of the related Due Period; (ixiv) [Reserved]; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity aggregate principal balance, and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due DateDetermination Date and the number and aggregate principal balance of all Subsequent Mortgage Loans added during the preceding Prepayment Period; (xiiv) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and (eC) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar monthREO Properties; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xivvi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvvii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xviviii) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each class of the Class A Certificates, each class of the Mezzanine Certificates, each class of the Class B Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class O Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviiix) the Unpaid Interest Distributable Shortfall Amount, if any, with respect to each class of the Class A Certificates, each class of the Mezzanine Certificates and each class of Class B Certificates for such Distribution Date; (x) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.25; (xi) the Credit Enhancement Percentage for such Distribution Date; (xii) the Available Funds Cap Carryforward Amount in respect for each class of the Class A Certificates, each class of the Mezzanine Certificates and each class of the Class of CertificatesB Certificates if any, for such Distribution Date and the respective portions thereof, if any, amount remaining unpaid following after reimbursements therefor on such Distribution Date; (xiii) the distributions made in respect respective Pass-Through Rates applicable to each class of the Class A Certificates, each class of the Mezzanine Certificates and the Class B Certificates for such Distribution Date and the Pass-Through Rate applicable to each class of the Class A Certificates, each class of the Mezzanine Certificates and each class of the Class B Certificates for the immediately succeeding Distribution Date; (xiv) the Supplemental Interest Payment for each Class on such Distribution Date; (xv) the difference between (x) the sum of (i) aggregate notional amount of the Swap Agreements and (ii) the aggregate notional amount of the Cap Agreements and (y) the aggregate Certificate Principal Balance of the Underwritten Certificates on such Distribution Date; (xviiixvi) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Required Overcollateralization Amount for such Distribution Date;; and (xixxvii) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates Excess Cashflow for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement or the related Purchase Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components. The Trustee will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at “▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Closing Date. The Trustee may, in the absence of manifest error, conclusively rely upon the Determination Date Report of the Servicer in its preparation of the statement to Certificateholders pursuant to this Section 4.03. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall supply an electronic tape forward to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Marketsthe previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in force. (e) On each Distribution Date, Inc. the Trustee shall post on its website at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇\absmbs, which posting shall be accessible to each Certificateholder and the Swap Counterparty, the statement prepared pursuant to paragraph (a) of this Section 4.03. Assistance in using the website can be obtained by calling the Trustee's customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Such 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. The Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Trustee shall not have any responsibility to (i) verify information provided by the Servicer to be included in such statement or (ii) include any information required to be included in such statement if the Servicer has failed to timely produce such information to the Trustee, as required pursuant hereto. (f) No later than noon on the second Business Day prior to each Distribution Date, the Trustee will verify that no Notional Amount Test Event is scheduled to occur on the related Distribution Date. In the event a Notional Amount Test Event would otherwise occur on the related Distribution Date, the Trustee will immediately provide notice in the form of Exhibit J to the appropriate NovaStar entity and assign in $10,000,000 increments a portion of the related notional amount from the affected Swap Agreement on the day immediately preceding that Distribution Date until no Notional Amount Test Event will occur on the related Distribution Date. The Trustee shall assign the applicable notional amount from the Swap Agreement with the earliest maturity. In the event that two or more Swap Agreements have the same maturity date, which date is the earliest maturity date of the outstanding Swap Agreements, the Trustee shall assign the applicable notional amounts from the Swap Agreement(s) on a monthly pro rata basis. Once such notional amounts have been assigned back to the appropriate NovaStar entity, and the related Swap Counterparty will have no obligation to, nor interest in, the Trust with respect to such notional amounts. Furthermore, no distributions will be made from the Supplemental Interest Trust I to the related Swap Counterparty in respect of notional amounts assigned under this Section 4.03 (f). In no event shall supply an electronic tape the Trustee allow a Notional Amount Test Event to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions occur on a monthly basisany Distribution Date.

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Seller, and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicer, the Certificate Insurer and the Servicer (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of the Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of the Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Datereserved; (iv) the aggregate amount of servicing compensation received by the Servicer during with respect to the related Due Remittance Period (separately identifying Servicing Fees and other servicing compensation) and such other customary information as the Trustee reasonably deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesRemittance Period; (vi) [Reserved]; (vii) the Loan Group Pool Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Remittance Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reserved]; (x) [Reserved]; (xi) for each Loan Group, the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) that were (A) Delinquent (exclusive of Mortgage Loans in bankruptcy or foreclosure and REO Properties) (1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each preceding case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding the such Distribution Date, and, cumulatively, and (b) the related Mortgaged Properties of which are REO Properties; (ix) the total number and cumulative principal balance Stated Principal Balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivx) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxi) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses Losses; (xii) the aggregate amount of Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date (xiii) the aggregate Certificate Principal Balance of each Class of Regular Certificates after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date separately identifying any reduction thereof due to allocations of Realized Losses (in the case of the Subordinated Certificates and the Class C Certificates); (xiv) the Certificate Factor for each Class of the Regular Certificates applicable to such Distribution Date; (xv) the Accrued Certificate Interest for the Senior Certificates, the Subordinated Certificates and the Class C Certificates for such Distribution Date and Unpaid Interest Shortfall Amount, if any, allocated with respect to each the Class of A Certificates or Principal-Only Componentsand the Subordinated Certificates for such Distribution Date; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, aggregate amount of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on Net Prepayment Interest Shortfalls for such Distribution Date; (xvii) the aggregate amount of any Relief Act Interest Distributable Amount in respect of each Class of Certificates, Shortfalls for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls Overcollateralized Amount and the Unpaid Interest Shortfall Excess Overcollateralization Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates Credit Enhancement Percentage for such Distribution Date; (xx) the Net WAC Rate Carryover Amount for the Class A Certificates and the Subordinated Certificates, if any, for such Distribution Date and the amount remaining unpaid after payments from the Excess Reserve Fund Account are made pursuant to Section 4.01(e); (xxi) when the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due Period, Stepdown Date has occurred and indicating the relevant section of this Agreement or the related Purchase Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loanwhen a Trigger Event is in effect; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid deposits to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)and withdrawals from the Excess Reserve Fund Account on such Distribution Date; (xxiii) current Recoveries allocable to each Loan Groupthe Available Funds for such Distribution Date; (xxiv) cumulative Recoveries allocable the respective Pass-Through Rates applicable to each Loan Groupthe Senior Certificates, the Subordinated Certificates and the Class C Certificates for such Distribution Date and the respective Pass-Through Rates applicable to the Senior Certificates and the Subordinated Certificates for the immediately succeeding Distribution Date; (xxv) the amount aggregate Notional Amount of any Basis Risk Shortfallthe Class C Certificates and Class IO Certificates, if any, and in each case after giving effect the related accrued interest thereonreductions thereof to occur on such Distribution Date; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, the Reimbursement Amount for such Loan GroupDistribution Date and the amount received by the Certificate Insurer in respect thereof on such Distribution Date; (xxvii) payments made under the Yield Maintenance Agreements, if anyamount on deposit in the Interest Coverage Account; and (xxviii) for the amount distribution occurring on the Distribution Date immediately following the end of Net Deferred Interestthe Funding Period, if any, added the balance on deposit in the Pre-Funding Account that has not been used to purchase Subsequent Mortgage Loans and that is being distributed to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsCertificateholders on such Distribution Date. The Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the Servicer, the Trustee, the Certificate Insurer and the other parties to this Agreement Rating Agencies via the Trustee’s internet website. The Trustee’s responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness, and accuracy of the information derived from the Servicer. By each Determination Date, the Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made pursuant to Section 4.01 and any other information on which the Servicer and the Trustee mutually agree. The Trustee’s internet website shall initially be located at “h▇▇▇▇▇://://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” /▇▇▇▇. Assistance in using the website can be obtained by calling the Trustee Trustee’s customer service desk at ▇-1-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as hypothetical Certificate having an initial Certificate Principal Balance or Notional Amount (in the case of the Cut-Off DateClass C Certificates) equal to $1,000. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) . On each Distribution Date, the Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe Class R Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Class R Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Marketsthe previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Class R Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in force. The Trustee shall maintain at its Corporate Trust Office and shall make available free of charge during normal business hours for review by any Certificateholder, Inc. on Certificate Owner or any Person identified to the Trustee as a prospective transferee of a Certificate, originals or copies of the following items: (i) the private placement memorandum or other disclosure document relating to such Certificates, if any, in the form most recently provided to the Trustee; and (ii) in all cases, (A) this Agreement and any amendments hereof entered into pursuant to Section 11.01, (B) all monthly basisstatements required to be delivered to Certificateholders of the relevant Class pursuant to this Section 4.02 since the Closing Date, and shall supply an electronic tape all other notices, reports, statements and written communications delivered to Loan Performance the Certificateholders of the relevant Class pursuant to this Agreement since the Closing Date, (C) all certifications delivered by a Responsible Officer of the Trustee since the Closing Date pursuant to Section 9.01(h) and Intex Solutions in (D) any and all Officers’ Certificates delivered to the Trustee by the Servicer since the Closing Date to evidence the Servicer’s determination that any Advance or Servicing Advance was, or if made, would be a format acceptable to Loan Performance Nonrecoverable Advance or Nonrecoverable Servicing Advance, respectively. Copies and Intex Solutions on a monthly basismailing of any and all of the foregoing items will be available from the Trustee upon request at the expense of the person requesting the same.

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Seller, and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicer, the Certificate Insurer and the Servicer (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of the Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of the Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Datereserved; (iv) the aggregate amount of servicing compensation received by the Servicer during with respect to the related Due Remittance Period (separately identifying Servicing Fees and other servicing compensation) and such other customary information as the Trustee reasonably deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesRemittance Period; (vi) [Reserved]; (vii) the Loan Group Pool Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Remittance Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reserved]; (x) [Reserved]; (xi) for each Loan Group, the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) that were (A) Delinquent (exclusive of Mortgage Loans in bankruptcy or foreclosure and REO Properties) (1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each preceding case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding the such Distribution Date, and, cumulatively, and (b) the related Mortgaged Properties of which are REO Properties; (ix) the total number and cumulative principal balance Stated Principal Balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivx) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxi) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses Losses; (xii) the aggregate amount of Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date (xiii) the aggregate Certificate Principal Balance of each Class of Regular Certificates after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date separately identifying any reduction thereof due to allocations of Realized Losses (in the case of the Subordinated Certificates and the Class C Certificates); (xiv) the Certificate Factor for each Class of the Regular Certificates applicable to such Distribution Date; (xv) the Accrued Certificate Interest for the Class A Certificates, the Subordinated Certificates and the Class C Certificates for such Distribution Date and Unpaid Interest Shortfall Amount, if any, allocated with respect to each the Class of A Certificates or Principal-Only Componentsand the Subordinated Certificates for such Distribution Date; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, aggregate amount of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on Net Prepayment Interest Shortfalls for such Distribution Date; (xvii) the aggregate amount of any Relief Act Interest Distributable Amount in respect of each Class of Certificates, Shortfalls for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls Overcollateralized Amount and the Unpaid Interest Shortfall Excess Overcollateralization Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates Credit Enhancement Percentage for such Distribution Date; (xx) the Net WAC Rate Carryover Amount for the Class A Certificates and the Subordinated Certificates, if any, for such Distribution Date and the amount remaining unpaid after payments from the Excess Reserve Fund Account are made pursuant to Section 4.01(e); (xxi) when the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due Period, Stepdown Date has occurred and indicating the relevant section of this Agreement or the related Purchase Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loanwhen a Trigger Event is in effect; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid deposits to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)and withdrawals from the Excess Reserve Fund Account on such Distribution Date; (xxiii) current Recoveries allocable to each Loan Groupthe Available Funds for such Distribution Date; (xxiv) cumulative Recoveries allocable the respective Pass-Through Rates applicable to each Loan Groupthe Class A Certificates, the Subordinated Certificates and the Class C Certificates for such Distribution Date and the respective Pass-Through Rates applicable to the Class A Certificates and the Subordinated Certificates for the immediately succeeding Distribution Date; (xxv) the amount aggregate Notional Amount of any Basis Risk Shortfallthe Class C Certificates, if any, and in each case after giving effect the related accrued interest thereonreductions thereof to occur on such Distribution Date; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, the Reimbursement Amount for such Loan Group;Distribution Date and the amount received by the Certificate Insurer in respect thereof on such Distribution Date; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Componentsreserved. The Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the Servicer, the Trustee, the Certificate Insurer and the other parties to this Agreement Rating Agencies via the Trustee’s internet website. The Trustee’s internet website shall initially be located at “h▇▇▇▇▇://://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” /▇▇▇▇. Assistance in using the website can be obtained by calling the Trustee Trustee’s customer service desk at ▇-1-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as hypothetical Certificate having an initial Certificate Principal Balance or Notional Amount (in the case of the Cut-Off DateClass C Certificates) equal to $1,000. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) . On each Distribution Date, the Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe Class R Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Class R Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Marketsthe previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Class R Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in force. The Trustee shall maintain at its Corporate Trust Office and shall make available free of charge during normal business hours for review by any Certificateholder, Inc. on Certificate Owner or any Person identified to the Trustee as a prospective transferee of a Certificate, originals or copies of the following items: (i) the private placement memorandum or other disclosure document relating to such Certificates, if any, in the form most recently provided to the Trustee; and (ii) in all cases, (A) this Agreement and any amendments hereof entered into pursuant to Section 11.01, (B) all monthly basisstatements required to be delivered to Certificateholders of the relevant Class pursuant to this Section 4.02 since the Closing Date, and shall supply an electronic tape all other notices, reports, statements and written communications delivered to Loan Performance the Certificateholders of the relevant Class pursuant to this Agreement since the Closing Date, (C) all certifications delivered by a Responsible Officer of the Trustee since the Closing Date pursuant to Section 9.01(h) and Intex Solutions in (D) any and all Officers’ Certificates delivered to the Trustee by the Servicer since the Closing Date to evidence the Servicer’s determination that any Advance or Servicing Advance was, or if made, would be a format acceptable to Loan Performance Nonrecoverable Advance or Nonrecoverable Servicing Advance, respectively. Copies and Intex Solutions on a monthly basismailing of any and all of the foregoing items will be available from the Trustee upon request at the expense of the person requesting the same.

Statements. (a) On Concurrently with each Distribution Datedistribution to Certificateholders, the Trustee Securities Administrator shall make available to each Certificateholder, the Seller, the Master Servicer, the Trustee and the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer and the Servicer Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. The Distribution Date Statement shall include the following: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the each Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsPeriod; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesAdvances as reported by each Servicer; (vi) [Reserved]; (vii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (vii) [reserved]. (viii) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed, Six-Month LIBOR Indexed, One-Year LIBOR Indexed and One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reserved]the amount of the Master Servicer Fees paid to or retained by the Master Servicer; (x) [Reserved]the aggregate amount of Servicing Fees paid to or retained by the Servicers; (xi) to the extent that such amounts are paid out of the Distribution Account, the amount of fees, expenses or indemnification amounts paid by the Trust with an identification of the general purpose of such amounts and the party receiving such amounts; (xii) for each Loan Group, the number, weighted average remaining term to maturity maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xiixiii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, using the “MBA” method (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiiixiv) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar rolling six-month preceding the delinquency rate for that Distribution Date, and, cumulatively, ; (xv) the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xivxvi) the aggregate amount of Principal Prepayments and Prepayment Penalty Amounts with respect to each Loan Group made during the related Prepayment Period; (xvxvii) the aggregate amount of Realized Losses for each Loan Group and Recoveries incurred during the related Due Period and the cumulative amount of Realized Losses and Recoveries as of such Distribution Date; (xviii) the cumulative amount of Realized LossesLosses for each Loan Group; (xix) the Realized Losses and Recoveries, if any, allocated to each Class of Certificates or Principal-Only Componentson the related Distribution Date; (xvixx) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xviixxi) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviiixxii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xixxxiii) the Available Funds with respect to each Loan Group; (xxxxiv) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxixxv) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement or the related Purchase Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxiixxvi) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i5.01(f)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvii) payments made under the Yield Maintenance Agreementstotal number of Mortgage Loans in the aggregate and the aggregate Stated Principal Balance for the Group 1 Mortgage Loans (also separately stating such information for the Adjustable Rate Mortgage Loans, if anythe Three-Year Hybrid Mortgage Loans and the Five-Year Hybrid Mortgage Loans), the Group 2 Mortgage Loans, the Group 3 Mortgage Loans and Group 4 Mortgage Loans, in each case at the close of business at the end of the related Due Period; and (xxviii) with respect to the Mortgage Loans, but only if such Mortgage Loans were subject to a modification of terms made during the related Due Period as part of a loss mitigation strategy, the following items: (a) the percentage (by outstanding Principal Balance) and the number of Mortgage Loans that were modified in the related Due Period; (b) the cumulative percentage (by Cut-Off Date Principal Balance) of modified mortgage loans; (c) the amount of Net Deferred Interest, if any, added principal and interest forgiven with respect to modified Mortgage Loans for the Class Certificate related Due Period; (d) the cumulative amount of principal and interest forgiven with respect to modified Mortgage Loans from the Closing Date; (e) the percentage (by outstanding Principal Balance or Component Principal Balance Balance) of modified Mortgage Loans that are included in the delinquency trigger calculation for purposes of the related Certificates Step Down Conditions and Principal-Only Componentsthe Two Times Test; (f) the delinquency status of the modified Mortgage Loans both pre- and post- modification; (g) the number of times the Mortgage Loan has been subject to modification; (h) the effective date of the modification; (i) the number of modifications made to Mortgage Loans in the last twelve months; (j) the percentage (by outstanding Principal Balance) of modified Mortgage Loans that are current or delinquent in payment and the delinquency status of the modified Mortgage Loans from the Closing Date; and (k) the Loan Rate of the modified Mortgage Loans pre- and post- modification. The Trustee Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the TrusteeSecurities Administrator’s internet website. The TrusteeSecurities Administrator’s internet website shall initially be located at “w▇▇.▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee Securities Administrator’s customer service desk at ▇1-▇▇▇866-▇▇▇846-▇▇▇▇4526. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (bl) Within a reasonable period of time after the end of each calendar year, the Trustee Securities Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i), (ii) and (iiiv) above, aggregated for such calendar year or applicable portion thereof during which such Person was a CertificateholderCertificateholder and such other customary information which a Certificateholder reasonably requests to prepare its tax returns. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (cm) On each Distribution Date, the Trustee Securities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Statements. (a) On Concurrently with each Distribution Datedistribution to Securityholders, the Trustee Trust Administrator shall make available to each CertificateholderSecurityholder, the Seller, the Cap Provider, the Owner Trustee and the Rating Agency, a statement based, as applicable, based on loan-level information obtained from and provided to the Master Servicer by the Servicers (the “Distribution Payment Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Payment Date. Information in the Payment Date Statement relating to or based on amounts available in the Cap Account shall be based on information provided by the Cap Provider regarding distributions to be made for the related Payment Date pursuant to the Cap Agreement. The Payment Date Statement will include the following: (i) the aggregate amount of the distribution payment to be made on such Distribution Payment Date to the Holders of each Class of Certificates Notes, to the extent applicable, allocable to principal; (ii) the aggregate amount of the distribution payment to be made on such Distribution Payment Date to the Holders of each Class of Certificates Notes allocable to interestinterest and the calculation thereof; (iii) the Senior Percentageamount, Senior Prepayment Percentageif any, Subordinate Percentage and Subordinate Prepayment Percentage with respect of any distribution to each Loan Group for the following Distribution DateHolders of the Trust Certificate; (ivA) the aggregate amount of servicing compensation received any Monthly Advances required to be made by or on behalf of the Servicer during Servicers (or the related Due Period Master Servicer) with respect to such Payment Date, (B) the aggregate amount of such Monthly Advances actually made, and such other customary information as (C) the Trustee deems necessary or desirableamount, or if any, by which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns(A) above exceeds (B) above; (v) the total number of Mortgage Loans in the aggregate amount of Advances for the related Due Period and the amount aggregate Scheduled Principal Balance, after giving effect to payments of unreimbursed Advances; principal reported under clause (vii) [Reserved]; (vii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for above, in each Loan Group case at the Close close of Business business at the end of the related Due Period; (vi) the Class Principal Amount of each Class of Notes, to the extent applicable, as of such Payment Date after giving effect to payments allocated to principal reported under clause (i) above; (vii) the amount of any Realized Losses incurred with respect to the Mortgage Loans (x) in the applicable Prepayment Period and (y) in the aggregate since the Cut-off Date; (viii) for each Loan Group, the aggregate Principal Balance amount of the One-Month MTA Indexed Mortgage Loans at Master Servicing Fees, Servicing Fees and Wachovia Additional Servicing Fees, if any, paid during the Close of Business at the end of the related Due PeriodPeriod to which such distribution relates; (ix) [Reserved]; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance Scheduled Principal Balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) delinquent 30 to 59 days Delinquenton a contractual basis, (b) delinquent 60 to 89 days Delinquenton a contractual basis, (c) delinquent 90 or more days Delinquenton a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcythe month in which such Payment Date occurs, in each case as of the close of business on the last day Business Day of the preceding calendar monthmonth immediately preceding, (e) in bankruptcy and (f) that are REO Properties; (xiiix) the book value aggregate Scheduled Principal Balance of any Mortgage Loans with respect to which the related Mortgaged Property became a REO Property as of the Close close of Business business on the last Business Day of the calendar month immediately preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties month in each Loan Group as of the Close of Business of the last day of the preceding Due Periodwhich such Payment Date occurs; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during substitution of Mortgage Loans in the related Prepayment Period; (xv) preceding calendar month, the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Scheduled Principal Balance of each Deleted Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due PeriodLoan, and indicating the relevant section of this Agreement or the related Purchase Agreement, as applicable, requiring or allowing the purchase of each such Qualified Substitute Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxvxii) the amount of any Basis Risk Shortfall and Unpaid Basis Risk Shortfall, if any, and the related accrued interest thereonwith respect to each Class of Notes, after giving effect to payments made on such Payment Date; (xxvixiii) for the Note Interest Rate applicable to such Payment Date with respect to each Loan GroupClass of Notes; (xiv) the Interest Remittance Amount and the Principal Remittance Amount applicable to such Payment Date; (xv) the Overcollateralization Amount, the amount of Overcollateralization Deficiency, if any, the Principal Distribution Amount and the Extra Principal Distribution Amount for such Payment Date; (xvi) with respect to the Class M-1 and Class M-2 Certificates, the Deferred Interest and Net Deferred InterestPrincipal Deficiency Amount, if any, for each such Class; (xvii) the level of LIBOR for the Accrual Period for the current Payment Date and the level of LIBOR for the Accrual Period for the next Payment Date; and (xviii) any Cap Payments made for such period, the notional balance on the Cap Agreement and the Excess Cap Amount, if any, for such Loan Group; Payment Date. In the case of information furnished pursuant to subclauses (xxviii), (ii) payments made under and (vi) above, the Yield Maintenance Agreements, if any; and (xxviii) the amounts shall also be expressed as a dollar amount per $1,000 of original principal amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsNotes. The Trustee Trust Administrator will make the Distribution Payment Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Securityholders and the other parties to this Agreement via the TrusteeTrust Administrator’s internet website. The TrusteeTrust Administrator’s internet website shall initially be located at “▇▇▇.▇▇://▇▇▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee Trust Administrator’s customer service desk at ▇-(▇▇▇-) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee Trust Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee Trust Administrator shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, the Trustee Trust Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular CertificateSecurityholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing aggregate payment information necessary to enable Holders of the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a CertificateholderSecurities to prepare their tax returns. Such obligation of the Trustee Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee Trust Administrator to Certificateholders Securityholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Payment Date, the Trustee Trust Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Seller, Seller and the each Rating Agency, a statement based, as applicable, based on loan-level information obtained from and the Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group Subgroup for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]the Pool Balance for such Distribution Date; (vii) the Loan Subgroup Balance, the Non-PO Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group Subgroup at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period[Reserved]; (ix) [Reserved]; (x) [Reserved]; (xi) for each Loan GroupSubgroup, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan GroupSubgroup, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month, in each case, using the MBA method; (xiii) the book value (if available) of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group Subgroup as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments with respect to each Loan Group Subgroup made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period for each Loan Subgroup and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Componentsafter giving effect to any distribution made thereon, on such Distribution Date; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan GroupSubgroup; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement the Servicing Agreement, or the related Purchase Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) and cumulative Recoveries allocable to each Loan GroupSubgroup; (xxiv) current and cumulative PO Recoveries allocable to Subgroup 1; and (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, Class P Distributable Amount for such Loan Group; (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsDistribution Date. The Trustee will shall make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s internet Internet website. The Trustee’s internet Internet website shall initially be located at “h▇▇▇▇▇://://▇▇▇.▇▇▇.▇▇.▇▇▇/invr/▇▇▇▇.” Assistance in using the website can be obtained by calling the Trustee customer service desk at ▇-(▇▇▇-) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. In addition to the information listed above, such Distribution Date Statement or the report on Form 10-D for such Distribution Date shall also include any other information required by Item 1121 (§ 229.1121) of Regulation AB. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a CertificateholderCertificateholder and such other customary information which a Certificateholder reasonably requests to prepare its tax returns. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Seller, and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Swap Counterparties, the Servicer and the Servicer (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]; (vii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Pool Balance of the One-Month MTA Indexed Group I Mortgage Loans, the Group II Mortgage Loans and the Group III Mortgage Loans at the Close of Business at the end of the related Due Period; (ixiv) [Reserved]; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity aggregate principal balance, and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due DateDetermination Date and the number and aggregate principal balance of all Subsequent Mortgage Loans added during the preceding Prepayment Period; (xiiv) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and (eC) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar monthREO Properties; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xivvi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvvii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xviviii) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each class of the Class A Certificates, each class of the Mezzanine Certificates, each class of the Class B Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class O Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviiix) the Unpaid Interest Distributable Shortfall Amount, if any, with respect to each class of the Class A Certificates, each class of the Mezzanine Certificates and each class of Class B Certificates for such Distribution Date; (x) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.25; (xi) the Credit Enhancement Percentage for such Distribution Date; (xii) the Available Funds Cap Carryforward Amount in respect for each class of the Class A Certificates, each class of the Mezzanine Certificates and each class of the Class of CertificatesB Certificates if any, for such Distribution Date and the respective portions thereof, if any, amount remaining unpaid following after reimbursements therefor on such Distribution Date; (xiii) the distributions made in respect respective Pass-Through Rates applicable to each class of the Class A Certificates, each class of the Mezzanine Certificates and the Class B Certificates for such Distribution Date and the Pass-Through Rate applicable to each class of the Class A Certificates, each class of the Mezzanine Certificates and each class of the Class B Certificates for the immediately succeeding Distribution Date; (xiv) the Supplemental Interest Payment for each Class on such Distribution Date; (xv) the difference between (x) the sum of (i) aggregate notional amount of the Swap Agreements and (ii) the aggregate notional amount of the Cap Agreements and (y) the aggregate Certificate Principal Balance of the Underwritten Certificates on such Distribution Date; (xviiixvi) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Required Overcollateralization Amount for such Distribution Date;; and (xixxvii) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates Excess Cashflow for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement or the related Purchase Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components. The Trustee will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at “▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Closing Date. The Trustee may, in the absence of manifest error, conclusively rely upon the Determination Date Report of the Servicer in its preparation of the statement to Certificateholders pursuant to this Section 4.03. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall supply an electronic tape forward to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Marketsthe previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in force. (e) On each Distribution Date, Inc. the Trustee shall post on its website at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇\sfr, which posting shall be accessible to each Certificateholder and the Swap Counterparty, the statement prepared pursuant to paragraph (a) of this Section 4.03. Assistance in using the website can be obtained by calling the Trustee's customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Such parties that are unable to use the website are entitled to have a monthly basispaper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Trustee shall not have any responsibility to (i) verify information provided by the Servicer to be included in such statement or (ii) include any information required to be included in such statement if the Servicer has failed to timely produce such information to the Trustee, as required pursuant hereto. (f) No later than noon on the second Business Day prior to each Distribution Date, the Trustee will verify that no Notional Amount Test Event is scheduled to occur on the related Distribution Date. In the event a Notional Amount Test Event would otherwise occur on the related Distribution Date, the Trustee will immediately provide notice in the form of Exhibit J to the appropriate NovaStar entity and assign in $10,000,000 increments a portion of the related notional amount from the affected Swap Agreement on the day immediately preceding that Distribution Date until no Notional Amount Test Event will occur on the related Distribution Date. The Trustee shall supply an electronic tape assign the applicable notional amount from the Swap Agreement with the earliest maturity. In the event that two or more Swap Agreements have the same maturity date, which date is the earliest maturity date of the outstanding Swap Agreements, the Trustee shall assign the applicable notional amounts from the Swap Agreement with the lowest fixed rate. Once such notional amounts have been assigned back to Loan Performance and Intex Solutions the appropriate NovaStar entity, the related Swap Counterparty will have no obligation to, nor interest in, the Trust with respect to such notional amounts. Furthermore, no distributions will be made from the Supplemental Interest Trust I to the related Swap Counterparty in respect of notional amounts assigned under this Section 4.03 (f). In no event shall the Trustee allow a format acceptable Notional Amount Test Event to Loan Performance and Intex Solutions occur on a monthly basisany Distribution Date.

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Seller, and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer, the Trustee shall prepare and forward by mail to each Holder of the Regular Certificates, the Master Servicer, the Certificate Insurer and the Servicer (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates Class A Certificates, separately identified, allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Class A Certificates allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to the Overcollateralization Target Amount as of such Distribution Date for each Class of Class A Certificates and the General Excess Available Amount for each related Loan Group for the following such Distribution Date; (iv) the aggregate amount of servicing compensation received by the Master Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsreturns and, separately identified, the amount of compensation paid to the Special Servicer; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [Reserved]; (vii) the Pool Principal Balance and the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reserved]; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Date; (xiiviii) separately stated for each Loan Group, the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) 30 to 59 days Delinquentpast due on a contractual basis, (b) 60 to 89 days Delinquentpast due on a contractual basis, (c) 90 or more days Delinquentpast due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case bankruptcy as of the close Close of business Business on the last day of the calendar month preceding such Distribution Date; (ix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiiix) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Perioddue period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvixiii) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class A Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Interest Distributable Amount in respect of each Class of Certificates, Class A Certificates for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviiixvi) the aggregate amount of any Net Prepayment Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date, to the extent not covered by payments by the Master Servicer pursuant to Section 3.26; (xvii) the aggregate Premium Amount to be paid to the Certificate Insurer; (xviii) the Group II Available Funds Cap Carryover Amount, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Deficiency Amount after giving effect to the distribution of principal on such Distribution Date; (xx) whether the Step Down Cumulative Loss Test, Step Down Rolling Delinquency Test, Step Down Rolling Loss Test, Step Up Cumulative Loss Test, Step Up Rolling Delinquency Test, Step Up Rolling Loss Test and/or Step Up Spread Squeeze Test have been met, the cumulative realized losses with respect to each Loan Group, as a percentage of the original Loan Group Balance, the Delinquency Percentage and the Annual Loss Percentage; (xxi) the Available Funds with respect to each Loan Group; (xxxxii) the Pass-Through Rate for each the Class of A-2 Certificates for such Distribution Date; (xxixxiii) the Liquidation Report for such Distribution Date; (xxiv) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Master Servicer, Special Servicer or Seller or any Originator during the related Due Period, Period and indicating the relevant section Section of this Agreement or the related Purchase Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the aggregate amount representing (a) collections of any Basis Risk Shortfall, if any, and Prepayment Premiums during the related accrued interest thereon;Prepayment Period to be distributed to Holders of the Class P Certificates and (b) any amounts distributable as principal to such Holders, on such Distribution Date; and (xxvi) for each Loan Group, the amount of Deferred Interest X-1 Component Distributable Amount and Net Deferred Interest, if any, X-2 Component Distributable Amount for such Loan Group; Distribution Date and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviiia) the portion thereof distributed on the current Distribution Date and the portion thereof remaining unpaid on such Distribution Date, (b) any such amount of Net Deferred Interest, if any, added for any prior Distribution Date distributed on the current Distribution Date and (c) any such amount for any prior Distribution Date remaining unpaid after giving effect to the Class Certificate Principal Balance or Component Principal Balance of distributions on the related Certificates and Principal-Only Componentscurrent Distribution Date, separately stated. The Trustee will shall forward such report concurrently with each distribution to the Certificateholders, the Certificate Insurer (at ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, Attention: Surveillance Department) and the Rating Agencies on the related Distribution Date. The Trustee may also make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) such reports available each month to Certificateholders and the other parties each party referred to in this Agreement paragraph via the Trustee’s internet 's website. The Trustee’s internet 's website shall initially can be located accessed at “▇▇▇▇▇://▇▇▇▇▇▇.▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇/invr.” Assistance in using . The Trustee's obligations pursuant to this Section 4.03 are limited to the website can be obtained by calling extent of its receipt of all necessary information from the Trustee customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating suchMaster Servicer. The Trustee may fully rely upon and shall have no liability with respect to information provided by the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee shall provide timely and adequate notification to all parties regarding any such changeMaster Servicer. In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and through (iiiii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall supply an electronic tape forward to Bloomberg Financial Marketsthe Class R Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Class R Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Class R Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Seller, and the Rating Agency, a statement basedbased solely, as applicable, on loan-level information obtained from provided to it by the Servicer in its Determination Date Report. The Trustee shall prepare and make available to each Holder of the Regular Certificates, the Swap Counterparties, the Servicer and the Servicer (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]; (vii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Pool Balance of the One-Month MTA Indexed Group IA Mortgage Loans, the Group IB Mortgage Loans, the Group II Mortgage Loans and the Group III Mortgage Loans at the Close of Business at the end of the related Due Period; (ixiv) [Reserved]; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity aggregate principal balance, and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due DateDetermination Date and the number and aggregate principal balance of all Subsequent Mortgage Loans added during the preceding Prepayment Period; (xiiv) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and (eC) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar monthREO Properties; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xivvi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvvii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses Losses; (viii) the Certificate Principal Balance of each class of the Class A Certificates, each class of the Mezzanine Certificates, each class of the Class B Certificates and the amount of Realized LossesClass O Certificates, after giving effect to the distributions made on such Distribution Date; (ix) the Unpaid Interest Shortfall Amount, if any, allocated with respect to each class of the Class A Certificates, each class of the Mezzanine Certificates or Principaland each class of Class B Certificates for such Distribution Date; (x) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.25; (xi) the Credit Enhancement Percentage for such Distribution Date; (xii) the Available Funds Cap Carryforward Amount for each class of the Class A Certificates, each class of the Mezzanine Certificates and each class of the Class B Certificates if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xiii) the respective Pass-Only ComponentsThrough Rates applicable to each class of the Class A Certificates, each class of the Mezzanine Certificates and the Class B Certificates for such Distribution Date and the Pass-Through Rate applicable to each class of the Class A Certificates, each class of the Mezzanine Certificates and each class of the Class B Certificates for the immediately succeeding Distribution Date; (xiv) the Supplemental Interest Payment for each Class on such Distribution Date; (xv) the difference between (x) the aggregate notional amount of the Swap Agreements and (y) the aggregate Certificate Principal Balance of the Underwritten Certificates on such Distribution Date; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on Required Overcollateralization Amount for such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, Excess Cashflow for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and Scheduled Principal Payments made during the Unpaid Interest Shortfall Amount for such Distribution Daterelated Due Period; (xix) the Available Funds with respect to each aggregate amount of Principal Prepayments made during the related Due Period in which the related Mortgagor paid the related Mortgage Loan Groupin full; (xx) the Pass-Through Rate for each Class aggregate amount of Certificates for such Distribution DatePrincipal Prepayments in part made during the related Prepayment Period; (xxi) the number and the aggregate Principal Balance principal balance of all Liquidated Mortgage Loans purchased hereunder by the Seller or any Originator during for the related Due Prepayment Period, and indicating the relevant section of this Agreement or the related Purchase Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan;; and (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the aggregate amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of Liquidation Proceeds received during the related Certificates and Principal-Only Components. The Trustee will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at “▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee shall provide timely and adequate notification to all parties regarding any such changePrepayment Period. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Closing Date. The Trustee may, in the absence of manifest error, conclusively rely upon the Determination Date Report of the Servicer in its preparation of the statement to Certificateholders pursuant to this Section 4.03. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall supply an electronic tape forward to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Marketsthe previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in force. (e) On each Distribution Date, Inc. the Trustee shall post on its website at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇\sfr, which posting shall be accessible to each Certificateholder and the Swap Counterparty, the statement prepared pursuant to paragraph (a) of this Section 4.03. Assistance in using the website can be obtained by calling the Trustee’s customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Such parties that are unable to use the website are entitled to have a monthly basispaper copy mailed to them via first class mail by providing a written request of such to the Trustee at is Corporate Trust office. The Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Trustee shall not have any responsibility to (i) verify information provided by the Servicer to be included in such statement or (ii) include any information required to be included in such statement if the Servicer has failed to timely produce such information to the Trustee, as required pursuant hereto. (f) No later than noon on the second Business Day prior to each Distribution Date, the Trustee will verify that no Notional Amount Test Event is scheduled to occur on the related Distribution Date. In the event a Notional Amount Test Event would otherwise occur on the related Distribution Date, the Trustee will immediately provide notice in the form of Exhibit J to the appropriate NovaStar entity and assign in $10,000,000 increments a portion of the related notional amount from the affected Swap Agreement on the day immediately preceding that Distribution Date until no Notional Amount Test Event will occur on the related Distribution Date. The Trustee shall supply an electronic tape assign the applicable notional amount from the Swap Agreement with the earliest maturity. In the event that two or more Swap Agreements have the same maturity date, which date is the earliest maturity date of the outstanding Swap Agreements, the Trustee shall assign the applicable notional amounts from the Swap Agreement with the lowest fixed rate. Once such notional amounts have been assigned back to Loan Performance and Intex Solutions the appropriate NovaStar entity, the related Swap Counterparty will have no obligation to, nor interest in, the Trust with respect to such notional amounts. Furthermore, no distributions will be made from the Supplemental Interest Trust to the related Swap Counterparty in respect of notional amounts assigned under this Section 4.03 (f). In no event shall the Trustee allow a format acceptable Notional Amount Test Event to Loan Performance and Intex Solutions occur on a monthly basisany Distribution Date.

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Seller, and the Rating Agency, a statement based, as applicable, on loan-level the Mortgage Loan information obtained from contained in the Remittance Report, the Trustee shall (i) prepare and forward by mail to each Holder of the Servicer Regular Certificates and (the “Distribution Date Statement”ii) make available on its website at www.usbank.com/abs for access by e▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇ Regular Certificates, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interestinterest or Class X Distributable Amount, separately identified; (iii) the Senior PercentageOvercollateralization Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for the following such Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsCollection Period; (v) the aggregate amount of Advances in respect of the Trust Fund and each Loan Group for the related Due Period and the amount of unreimbursed AdvancesCollection Period; (vi) [Reserved]; (vii) the Loan Pool Balance and each Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close close of Business business at the end of the related Due Collection Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reserved]; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Mortgage Interest Rate of the related Mortgage Loans in the Trust Fund and in each Loan Group as of the related Due Date; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, Loans in the aggregate Trust Fund and for in each Loan Group, Group (a) 30 to 59 days Delinquent, past due on a contractual basis, (b) 60 to 89 days Delinquentpast due on a contractual basis, (c) 90 or more days Delinquentpast due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case bankruptcy as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement or the related Purchase Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components. The Trustee will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at “▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Seller, and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicer, the Certificate Insurer and the Servicer (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of the Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of the Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Datereserved; (iv) the aggregate amount of servicing compensation received by the Servicer during with respect to the related Due Remittance Period (separately identifying Servicing Fees and other servicing compensation) and such other customary information as the Trustee reasonably deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesRemittance Period; (vi) [Reserved]; (vii) the Loan Group Pool Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Remittance Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reserved]; (x) [Reserved]; (xi) for each Loan Group, the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) that were (A) Delinquent (exclusive of Mortgage Loans in bankruptcy or foreclosure and REO Properties) (1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each preceding case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding the such Distribution Date, and, cumulatively, and (b) the related Mortgaged Properties of which are REO Properties; (ix) the total number and cumulative principal balance Stated Principal Balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivx) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxi) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses Losses; (xii) the aggregate amount of Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date (xiii) the aggregate Certificate Principal Balance of each Class of Regular Certificates after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date separately identifying any reduction thereof due to allocations of Realized Losses (in the case of the Subordinated Certificates and the Class C Certificates); (xiv) the Certificate Factor for each Class of the Regular Certificates applicable to such Distribution Date; (xv) the Accrued Certificate Interest for the Class A Certificates, the Subordinated Certificates and the Class C Certificates for such Distribution Date and Unpaid Interest Shortfall Amount, if any, allocated with respect to each the Class of A Certificates or Principal-Only Componentsand the Subordinated Certificates for such Distribution Date; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, aggregate amount of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on Net Prepayment Interest Shortfalls for such Distribution Date; (xvii) the aggregate amount of any Relief Act Interest Distributable Amount in respect of each Class of Certificates, Shortfalls for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls Overcollateralized Amount and the Unpaid Interest Shortfall Excess Overcollateralization Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates Credit Enhancement Percentage for such Distribution Date; (xx) the Net WAC Rate Carryover Amount for the Class A Certificates and the Subordinated Certificates, if any, for such Distribution Date and the amount remaining unpaid after payments from the Excess Reserve Fund Account are made pursuant to Section 4.01(e); (xxi) when the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due Period, Stepdown Date has occurred and indicating the relevant section of this Agreement or the related Purchase Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loanwhen a Trigger Event is in effect; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid deposits to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)and withdrawals from the Excess Reserve Fund Account on such Distribution Date; (xxiii) current Recoveries allocable to each Loan Groupthe Available Funds for such Distribution Date; (xxiv) cumulative Recoveries allocable the respective Pass-Through Rates applicable to each Loan Groupthe Class A Certificates, the Subordinated Certificates and the Class C Certificates for such Distribution Date and the respective Pass-Through Rates applicable to the Class A Certificates and the Subordinated Certificates for the immediately succeeding Distribution Date; (xxv) the amount aggregate Notional Amount of any Basis Risk Shortfallthe Class C Certificates, if any, and in each case after giving effect the related accrued interest thereonreductions thereof to occur on such Distribution Date; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, the Reimbursement Amount for such Loan GroupDistribution Date and the amount received by the Certificate Insurer in respect thereof on such Distribution Date; (xxvii) payments made under the Yield Maintenance Agreements, if anyreserved; and (xxviii) the amount of Net Deferred Interest, if any, added to due under the Class Certificate Principal Balance or Component Principal Balance of Corridor Agreements and the amounts received under the related Certificates and Principal-Only ComponentsCorridor Agreement. The Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the Servicer, the Trustee, the Certificate Insurer and the other parties to this Agreement Rating Agencies via the Trustee’s 's internet website. The Trustee’s 's internet website shall initially be located at “▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” /INVR. Assistance in using the website can be obtained by calling the Trustee Trustee's customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as hypothetical Certificate having an initial Certificate Principal Balance or Notional Amount (in the case of the Cut-Off DateClass C Certificates) equal to $1,000. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) . On each Distribution Date, the Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe Class R Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Class R Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Marketsthe previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Class R Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in force. The Trustee shall maintain at its Corporate Trust Office and shall make available free of charge during normal business hours for review by any Certificateholder, Inc. on Certificate Owner or any Person identified to the Trustee as a prospective transferee of a Certificate, originals or copies of the following items: (i) the private placement memorandum or other disclosure document relating to such Certificates, if any, in the form most recently provided to the Trustee; and (ii) in all cases, (A) this Agreement and any amendments hereof entered into pursuant to Section 11.01, (B) all monthly basisstatements required to be delivered to Certificateholders of the relevant Class pursuant to this Section 4.02 since the Closing Date, and shall supply an electronic tape all other notices, reports, statements and written communications delivered to Loan Performance the Certificateholders of the relevant Class pursuant to this Agreement since the Closing Date, (C) all certifications delivered by a Responsible Officer of the Trustee since the Closing Date pursuant to Section 9.01(h) and Intex Solutions in (D) any and all Officers' Certificates delivered to the Trustee by the Servicer since the Closing Date to evidence the Servicer's determination that any Advance or Servicing Advance was, or if made, would be a format acceptable to Loan Performance Nonrecoverable Advance or Nonrecoverable Servicing Advance, respectively. Copies and Intex Solutions on a monthly basismailing of any and all of the foregoing items will be available from the Trustee upon request at the expense of the person requesting the same.

Statements. (a) On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicer Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Group 1 Subordinate Percentage, Group 2 Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the each Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reservedreserved]; (vii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Month MTA LIBOR Indexed Mortgage Loans and the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reserved]; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and Loans for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period for each Loan Group and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only ComponentsCertificates; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement the related Servicing Agreement, or the related Purchase Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)[reserved; (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvii) payments made under the Yield Maintenance AgreementsAgreement, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsCertificates. The Trustee Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the TrusteeSecurities Administrator’s internet website. The TrusteeSecurities Administrator’s internet website shall initially be located at “▇▇▇.▇▇://▇▇▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee Securities Administrator’s customer service desk at ▇-(▇▇▇-) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, the Trustee Securities Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (iixxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee Securities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Seller, and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Servicer, the Certificate Administrator shall prepare and make available to each Holder of the Regular Certificates, the Servicer and the Servicer (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]; (vii) the Loan Group Pool Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiiiv) for each Loan Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reserved]; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity aggregate principal balance, and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due DateDetermination Date and the number and aggregate principal balance of all Subsequent Mortgage Loans added during the preceding Prepayment Period; (xiiv) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and (eC) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar monthREO Properties; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xivvi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvvii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xviviii) the Class Certificate Principal Balance or of the Class Certificate Notional BalanceA-1 Certificates, as applicable, of each Class of the Mezzanine Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class O Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviiix) the Unpaid Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereofShortfall Amount, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of A-1 Certificates, the Mezzanine Certificates and the Class AIO Certificates for such Distribution Date; (xxix) the aggregate Principal Balance amount of Mortgage Loans purchased hereunder any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement or the related Purchase Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanServicer pursuant to Section 3.25; (xxiixi) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)Credit Enhancement Percentage for such Distribution Date; (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxvxii) the amount of any Basis Risk Shortfall, if any, Available Funds Cap Carryforward Amount for the Class A-1 Certificates and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred InterestMezzanine Certificates, if any, for such Loan Group; (xxvii) payments made under Distribution Date and the Yield Maintenance Agreements, if anyamount remaining unpaid after reimbursements therefor on such Distribution Date; and (xxviiixiii) the amount of Net Deferred Interest, if any, added respective REMIC Pass-Through Rates applicable to the Class Certificate Principal Balance or Component Principal Balance of A-1 Certificates, the related Mezzanine Certificates and Principal-Only Components. The Trustee will make the Class AIO Certificates for such Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at “▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee customer service desk at ▇REMIC Pass-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible Through Rate applicable to the parties, Class A-1 Certificates and the Trustee shall provide timely and adequate notification to all parties regarding any such changeMezzanine Certificates for the immediately succeeding Distribution Date. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Closing Date. The Certificate Administrator may, in the absence of manifest error, conclusively rely upon the Determination Date Report of the Servicer in its preparation of the statement to Certificateholders pursuant to this Section 4.03. (b) Within a reasonable period of time after the end of each calendar year, the Trustee Certificate Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee Certificate Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Certificate Administrator shall forward to the Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Certificate Administrator deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, the Certificate Administrator shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Certificate Administrator pursuant to any requirements of the Code as from time to time in force. (e) No later than noon on the Business Day prior to each Distribution Date, the Certificate Administrator shall forward, by facsimile transmission, the statement prepared pursuant to paragraph (a) of this Section 4.03, together with all other information reasonably necessary to make the distributions pursuant to Section 4.01 of this Agreement, to the Trustee. On each Distribution Date, the Trustee shall supply an electronic tape forward by mail to Bloomberg Financial Markets, Inc. in a format acceptable each Certificateholder the statement prepared pursuant to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basisparagraph (a) of this Section 4.

Statements. (a) On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, any NIMS Insurer, the Master Servicer and the each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicer Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. The Distribution Date Statement shall include the following information, in each case, with respect to such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date[Reserved]; (iv) the aggregate amount of servicing compensation received by the Servicer during Servicing Fees, Master Servicing Fees and Credit Risk Manager’s Fees for the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsPeriod; (v) the amount of Advances for each Loan Group and the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]; (vii) the Loan Group Balance for each Loan Group and related the Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (vii) [Reserved]; (viii) for each Loan Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reserved]for each Loan Group, the amount of fees, expenses or indemnification amounts paid by the Trust Fund with an identification of the general purpose of such amounts and the party receiving such amounts; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xiixi) for each Loan Group, the number and aggregate unpaid principal balance of the related Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month, using the MBA method; (xiiixii) for each Loan Group, the book value (if available) of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xivxiii) for each Loan Group, the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxiv) for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Period for each Loan Group and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Componentsafter giving effect to any distributions made thereon, on such Distribution Date; (xvixv) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xviixvi) for each Loan Group, the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each related Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviiixvii) for each Loan Group, the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date after giving effect to any distributions made thereon, on such Distribution Date; (xviii) for each Loan Group, the related Available Funds; (xix) the Available Funds with respect to for each Loan Group; (xx) , the Pass-Through Rate and related Adjusted Cap Rate for each Class of Certificates for such Distribution Date; (xxixx) for each Loan Group, the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement the Mortgage Loan Purchase Agreement, or the related Purchase Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxiixxi) for each Loan Group, the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i5.01(f)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxvxxii) the amount of any Basis Risk Shortfall and Unpaid Basis Risk Shortfall, if any, and the related accrued interest for each Class after giving effect to any distributions made thereon, on such Distribution Date; (xxvixxiii) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviiixxiv) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates Certificates (xxv) the amount of any Unpaid Interest Shortfall Amount; (xxvi) the amount of any Final Maturity Reserve Amount deposited in the Final Maturity Reserve Account, and, on the Final Maturity Reserve Termination Date, the amount distributed from the Final Maturity Reserve Account to each Class of Certificates; (xxvii) the Overcollateralized Amount for that Distribution Date; (xxviii) the Overcollateralization Target Amount for that Distribution Date; (xxix) the number of Mortgage Loans and Principal-Only Componentsthe aggregate Stated Principal Balance of Mortgage Loans that have negative amortization; and (xxx) the amount of any Class P Distributable Amount. The Trustee will Securities Administrator shall make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the TrusteeSecurities Administrator’s internet website. The TrusteeSecurities Administrator’s internet website shall initially be located at “w▇▇.▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee Securities Administrator’s customer service desk at ▇-(▇▇▇-) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. In addition to the information listed above, such Distribution Date Statement or the report on Form 10-D for such Distribution Date shall also include any other information required by Item 1121 (§ 229.1121) of Regulation AB. (b) Within a reasonable period of time after the end of each calendar year, the Trustee Securities Administrator shall, upon written request, furnish to any NIMS Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such PersonPerson or any NIMS Insurer, such information as is reasonably necessary to provide to such Person or any NIMS Insurer a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person or any NIMS Insurer was a CertificateholderCertificateholder and such other customary information which a Certificateholder reasonably requests to prepare its tax returns. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee Securities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Seller, and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Swap Counterparties, the Servicer and the Servicer (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]; (vii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Pool Balance of the One-Month MTA Indexed Group I Mortgage Loans and the Group II Mortgage Loans at the Close of Business at the end of the related Due Period; (ixiv) [Reserved]; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity aggregate principal balance, and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due DateDetermination Date and the number and aggregate principal balance of all Subsequent Mortgage Loans added during the preceding Prepayment Period; (xiiv) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and (eC) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar monthREO Properties; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xivvi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvvii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xviviii) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each class of the Class A Certificates, each class of the Mezzanine Certificates, each class of the Class B Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class O Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviiix) the Unpaid Interest Distributable Shortfall Amount, if any, with respect to each class of the Class A Certificates, each class of the Mezzanine Certificates and each class of Class B Certificates for such Distribution Date; (x) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.25; (xi) the Credit Enhancement Percentage for such Distribution Date; (xii) the Available Funds Cap Carryforward Amount in respect for each class of the Class A Certificates, each class of the Mezzanine Certificates and each class of the Class of CertificatesB Certificates if any, for such Distribution Date and the respective portions thereof, if any, amount remaining unpaid following after reimbursements therefor on such Distribution Date; (xiii) the distributions made in respect respective REMIC Pass-Through Rates applicable to each class of the Class A Certificates, each class of the Mezzanine Certificates and the Class B Certificates for such Distribution Date and the REMIC Pass-Through Rate applicable to each class of the Class A Certificates, each class of the Mezzanine Certificates and each class of the Class B Certificates for the immediately succeeding Distribution Date; (xiv) the Supplemental Interest Payment for each Class on such Distribution Date; (xv) the difference between the Swap Notional Amount and the aggregate Certificate Principal Balance of the Underwritten Certificates on such Distribution Date; (xviiixvi) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Required Overcollateralization Amount for such Distribution Date;; and (xixxvii) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates Excess Cashflow for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement or the related Purchase Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components. The Trustee will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at “▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Closing Date. The Trustee may, in the absence of manifest error, conclusively rely upon the Determination Date Report of the Servicer in its preparation of the statement to Certificateholders pursuant to this Section 4.03. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall supply an electronic tape forward to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Marketsthe previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be 50 prepared and furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in force. (e) On each Distribution Date, Inc. the Trustee shall post on its website at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇\absmbs, which posting shall be accessible to each Certificateholder, the statement prepared pursuant to paragraph (a) of this Section 4.03. Assistance in using the website can be obtained by calling the Trustee's customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Such 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. The Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Trustee shall not have any responsibility to (i) verify information provided by the Servicer to be included in such statement or (ii) include any information required to be included in such statement if the Servicer has failed to timely produce such information to the Trustee, as required pursuant hereto. (f) No later than noon on the second Business Day prior to each Distribution Date, the Trustee will verify that no Notional Amount Test Event is scheduled to occur on the related Distribution Date. In the event a Notional Amount Test Event would otherwise occur on the related Distribution Date, the Trustee will immediately provide notice in the form of Exhibit J to the appropriate NovaStar entity and assign or reduce in $25,000,000 increments a portion of the related notional amount from the affected Swap Agreement on the day immediately preceding that Distribution Date until no Notional Amount Test Event will occur on the related Distribution Date. The Trustee shall assign or reduce the applicable notional amount from the Swap Agreement with the earliest maturity. In the event that two or more Swap Agreements have the same maturity date, which date is the earliest maturity date of the outstanding Swap Agreements, the Trustee shall assign or reduce the applicable notional amounts from the Swap Agreement(s) on a monthly pro rata basis. Once such notional amounts have been reduced or assigned back to the appropriate NovaStar entity, and the related Swap Counterparty will have no obligation to, nor interest in, the Trust with respect to such notional amounts. Furthermore, no distributions will be made from the Supplemental Interest Trust to the related Swap Counterparty in respect of notional amounts assigned or reduced under this Section 4.03 (f). In no event shall supply an electronic tape the Trustee allow a Notional Amount Test Event to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions occur on a monthly basisany Distribution Date.

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Certificate Insurer, the Yield Maintenance Provider, the Seller, any NIMS Insurer and the each Rating Agency, a statement based, as applicable, on loan-level information obtained from and the Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. Information in the Distribution Date Statement relating to or based on amounts available in the Yield Maintenance Account shall be based on information provided by the Yield Maintenance Provider regarding any Yield Maintenance Distributable Amounts required to be paid by the Yield Maintenance Provider for the related Distribution Date pursuant to the Yield Maintenance Agreement. The Distribution Date Statement shall include the following information, in each case, with respect to such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date[Reserved]; (iv) the aggregate amount of servicing compensation received by the Servicer during Servicing Fees, Credit Risk Manager Fees and Custodial Fees for the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsPeriod; (v) the amount of Advances for each Loan Group and the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]; (vii) the Loan Group Balance for each Loan Group and related the Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (vii) the Pool Balance and the Loan Group Balance for such Distribution Date; (viii) for each Loan Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reserved]for each Loan Group, the amount of fees, expenses or indemnification amounts paid by the Trust Fund with an identification of the general purpose of such amounts and the party receiving such amounts; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xiixi) for each Loan Group, the number and aggregate unpaid principal balance of the related Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month, using the OTS method; (xiiixii) for each Loan Group, the book value (if available) of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xivxiii) for each Loan Group, the aggregate amount of any Principal Prepayments, net Principal Prepayments or other unscheduled recoveries of principal with respect to each Loan Group made during the related Prepayment Period; (xvxiv) for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Period for each Loan Group and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Componentsafter giving effect to any distributions made thereon, on such Distribution Date; (xvixv) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xviixvi) for each Loan Group, the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each related Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviiixvii) for each Loan Group, the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date after giving effect to any distributions made thereon, on such Distribution Date; (xviii) for each Loan Group, the related Available Funds; (xix) the Available Funds with respect to for each Loan Group; (xx) , the Pass-Through Rate and related Adjusted Cap Rate for each Class of Certificates for such Distribution Date; (xxixx) for each Loan Group, the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement the Mortgage Loan Purchase Agreement, or the related Purchase Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxiixxi) for each Loan Group, the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i5.01(d); (xxiiixxii) current Recoveries allocable to each Loan Group; (xxivxxiii) cumulative Recoveries allocable to each Loan Group; (xxvxxiv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest for each Class after giving effect to any distributions made thereon, on such Distribution Date; (xxvixxv) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxviixxvi) payments made under the Yield Maintenance Agreementsamount of the Certificate Insurer Reimbursement Amount, if any; and; (xxvii) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates (xxix) the amount of any Unpaid Interest Shortfall Amount; (xxx) the amount of the Group 1 Final Maturity Reserve Amount, the Group 2 Final Maturity Reserve Amount and the Aggregate Final Maturity Reserve Amount deposited in the Final Maturity Reserve Account, and, on the Final Maturity Reserve Termination Date, the amount distributed from the Final Maturity Reserve Account to each Class of Certificates; (xxxi) the Overcollateralized Amount for that Distribution Date; (xxxii) the Overcollateralization Target Amount for that Distribution Date; (xxxiii) the amount remitted by the Administrator to the Trustee pursuant to the Yield Maintenance Allocation Agreement; (xxxiv) the payments, if any, made from the Yield Maintenance Account and the amount distributed to the LIBOR Certificates from such payments; and (xxxv) the amount of any Class P Distributable Amount and Principal-Only Componentsthe amount of any Class ES Distributable Amount. The Trustee will shall make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at “▇▇▇.▇▇://▇▇▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee Trustee’s customer service desk at ▇-(▇▇▇-) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. In addition to the information listed above, such Distribution Date Statement or the report on Form 10-D for such Distribution Date shall also include any other information required by Item 1121 (§ 229.1121) of Regulation AB. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to any NIMS Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such PersonPerson or any NIMS Insurer, such information as is reasonably necessary to provide to such Person or any NIMS Insurer a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person or any NIMS Insurer was a CertificateholderCertificateholder and such other customary information which a Certificateholder reasonably requests to prepare its tax returns. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Seller, and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Servicer, the Certificate Administrator shall prepare and make available to each Holder of the Regular Certificates, the Swap Counterparties, the Servicer and the Servicer (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]; (vii) the Loan Group Pool Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiiiv) for each Loan Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reserved]; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity aggregate principal balance, and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due DateDetermination Date and the number and aggregate principal balance of all Subsequent Mortgage Loans added during the preceding Prepayment Period; (xiiv) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and (eC) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar monthREO Properties; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xivvi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvvii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xviviii) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each class of the Class A Certificates, each class of the Mezzanine Certificates, the Class B Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class O Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviiix) the Unpaid Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereofShortfall Amount, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) class of the Pass-Through Rate for Class A Certificates, each class of the Mezzanine Certificates, the Class of B Certificates and the Class AIO Certificates for such Distribution Date; (xxix) the aggregate Principal Balance amount of Mortgage Loans purchased hereunder any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement or the related Purchase Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanServicer pursuant to Section 3.25; (xxiixi) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)Credit Enhancement Percentage for such Distribution Date; (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxvxii) the amount Available Funds Cap Carryforward Amount for each class of any Basis Risk Shortfallthe Class A Certificates, if any, each class of the Mezzanine Certificates and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred InterestClass B Certificates, if any, for such Loan GroupDistribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviiixiii) the amount respective REMIC Pass-Through Rates applicable to each class of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance A Certificates, each class of the related Certificates and Principal-Only Components. The Trustee will make Mezzanine Certificates, the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at “▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the partiesClass B Certificates, and the Trustee shall provide timely Class AIO Certificates for such Distribution Date and adequate notification the REMIC Pass-Through Rate applicable to all parties regarding any each class of the Class A Certificates, each class of the Mezzanine Certificates and the Class B Certificates for the immediately succeeding Distribution Date; (xiv) the Supplemental Interest Payment for each Class on such change. Distribution Date; (xv) the difference between the Swap Notional Amount and the Underwritten Certificates (and the Class B Certificate if held by an entity unrelated to the Seller) Principal Balance on such Distribution Date; In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Closing Date. The Certificate Administrator may, in the absence of manifest error, conclusively rely upon the Determination Date Report of the Servicer in its preparation of the statement to Certificateholders pursuant to this Section 4.03. (b) Within a reasonable period of time after the end of each calendar year, the Trustee Certificate Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.a

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Seller, and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Swap Counterparties, the Servicer and the Servicer (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]; (vii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Pool Balance of the One-Month MTA Indexed Group I Mortgage Loans and the Group II Mortgage Loans at the Close of Business at the end of the related Due Period; (ixiv) [Reserved]; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity aggregate principal balance, and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due DateDetermination Date and the number and aggregate principal balance of all Subsequent Mortgage Loans added during the preceding Prepayment Period; (xiiv) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and (eC) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar monthREO Properties; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xivvi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvvii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xviviii) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each class of the Class A Certificates, each class of the Mezzanine Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class O Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviiix) the Unpaid Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereofShortfall Amount, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) class of the Pass-Through Rate for Class A Certificates, each class of the Mezzanine Certificates and the Class of AIO Certificates for such Distribution Date; (xxix) the aggregate Principal Balance amount of Mortgage Loans purchased hereunder any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement or the related Purchase Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanServicer pursuant to Section 3.25; (xxiixi) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)Credit Enhancement Percentage for such Distribution Date; (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxvxii) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) Available Funds Cap Carryforward Amount for each Loan Group, class of the amount Class A Certificates and each class of Deferred Interest and Net Deferred Interestthe Mezzanine Certificates, if any, for such Loan GroupDistribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xxviixiii) payments made under the Yield Maintenance Agreementsrespective REMIC Pass-Through Rates applicable to each class of the Class A Certificates, if anyeach class of the Mezzanine Certificates and the Class AIO Certificates for such Distribution Date and the REMIC Pass-Through Rate applicable to each class of the Class A Certificates and each class of the Mezzanine Certificates for the immediately succeeding Distribution Date; (xiv) the Supplemental Interest Payment for each Class on such Distribution Date; (xv) the difference between the Swap Notional Amount and the Underwritten Certificates Principal Balance on such Distribution Date; (xvi) the Required Overcollateralization Amount for such Distribution Date; and (xxviiixvii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components. The Trustee will make the Excess Cashflow for such Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at “▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee shall provide timely and adequate notification to all parties regarding any such changeDate. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Closing Date. The Trustee may, in the absence of manifest error, conclusively rely upon the Determination Date Report of the Servicer in its preparation of the statement to Certificateholders pursuant to this Section 4.03. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall supply an electronic tape forward to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Marketsthe previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in force. (e) On each Distribution Date, Inc. the Trustee shall post on its website at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇\absmbs, which posting shall be accessible to each Certificateholder, the statement prepared pursuant to paragraph (a) of this Section 4.03. Assistance in using the website can be obtained by calling the Trustee's customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Such 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. The Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Trustee shall not have any responsibility to (i) verify information provided by the Servicer to be included in such statement or (ii) include any information required to be included in such statement if the Servicer has failed to timely produce such information to the Trustee, as required pursuant hereto. (f) No later than noon on the second Business Day prior to each Distribution Date, the Trustee will verify that no Notional Amount Test Event is scheduled to occur on the related Distribution Date. In the event a Notional Amount Test Event would otherwise occur on the related Distribution Date, the Trustee will immediately provide notice in the form of Exhibit J to the appropriate NovaStar entity and assign or reduce in $25,000,000 increments a portion of the related notional amount from the affected Swap Agreement on the day immediately preceding that Distribution Date until no Notional Amount Test Event will occur on the related Distribution Date. The Trustee shall assign or reduce the applicable notional amount from the Swap Agreement with the earliest maturity. In the event that two or more Swap Agreements have the same maturity date, which date is the earliest maturity date of the outstanding Swap Agreements, the Trustee shall assign or reduce the applicable notional amounts from the Swap Agreement(s) on a monthly pro rata basis. Once such notional amounts have been reduced or assigned back to the appropriate NovaStar entity, and the related Swap Counterparty will have no obligation to, nor interest in, the Trust with respect to such notional amounts. Furthermore, no distributions will be made from the Supplemental Interest Trust to the related Swap Counterparty in respect of notional amounts assigned or reduced under this Section 4.03 (f). In no event shall supply an electronic tape the Trustee allow a Notional Amount Test Event to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions occur on a monthly basisany Distribution Date.

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Certificate Insurer, the Seller, and the Rating Agency, a statement based, as applicable, on loan-level information obtained from and the Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reservedreserved]; (vii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reserved]; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement the Servicing Agreement, or the related Purchase Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvii) payments made under the Yield Maintenance Agreements, if any; and; (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components; and (xxix) the amount of the Certificate Insurer Reimbursement Amount, if any; and (xxx) the Deficiency Amount, if any, to be paid by the Certificate Insurer. The Trustee will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at “▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee customer service desk at ▇-(▇▇▇-) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to the Certificate Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Seller, and the Rating Agency, a statement based, as applicable, on loan-level the Mortgage Loan information obtained from contained in the Remittance Report, the Trustee shall prepare and the Servicer (the “Distribution Date Statement”) post on its website at ▇▇▇▇▇▇▇▇.▇▇▇, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal, separately identifying the aggregate amount of any principal prepayments and liquidation proceeds in that distribution, in the aggregate and with respect to Loan Group I and Loan Group II; (ii) the amount of the distribution made on allocable to interest, any unpaid interest amounts included in such distribution and any remaining unpaid interest amounts after giving effect to such distribution and any Net WAC Carryover Amount for such Distribution Date Date; (iii) if the distribution to the Holders holders of such Class of 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 and the allocation of the shortfall as between principal and interest; (iv) the Certificate Principal Balance of each Class of Certificates allocable after giving effect to interestthe distribution of principal on such Distribution Date; (iiiv) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group aggregate stated Principal Balance of the Mortgage Loans for the following Distribution Date; (ivvi) the aggregate amount of servicing compensation received the expenses and fees paid to or retained by the Servicer during the related Due Period and such other customary information as paid to or retained by the Trustee deems necessary or desirablewith respect to such Distribution Date, or which a Certificateholder reasonably requestsin each case, to enable Certificateholders to prepare their tax returns; (v) identifying the aggregate amount general purpose of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]such fees; (vii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap Pass-Through Rate for each Loan Group at the Close such Class of Business at the end of the related Due PeriodCertificates with respect to such Distribution Date; (viii) for each Loan Group, the amount of Advances included in the distribution on such Distribution Date and the aggregate Principal Balance amount of Advances reported by the Servicer (and the Trustee as successor Servicer and any other successor Servicer, if applicable) as outstanding as of the One-Month MTA Indexed Mortgage Loans at close of business on the Close of Business at the end of the related Due PeriodDetermination Date immediately preceding such distribution date; (ix) [Reserved]; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance outstanding Principal Balances of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d1) as to which the scheduled payment is Delinquent 31 to 60 days, 61 to 90 days and 91 or more days, (2) that have become REO property, (3) that are in foreclosure proceedings have been commenced and (e4) that are in bankruptcy, in each case as of the close of business on the last business day of the immediately preceding month, in the aggregate and with respect to the Loan Group I and Loan Group II, all in accordance with the OTS Method of measuring delinquencies; (x) the total number and principal balance of any REO properties (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date, in the aggregate; (xi) whether a Trigger Event has occurred and is continuing (including the calculation demonstrating the existence of the Trigger Event and the aggregate outstanding balance of all mortgage loans 60 or more days Delinquent); (xii) in the aggregate and for each Class of Certificates, the aggregate amount of Applied Realized Loss Amounts incurred during the preceding calendar monthmonth and aggregate Applied Realized Loss Amounts through such Distribution Date, in the aggregate and with respect to Loan Group I and Loan Group II; (xiii) the book value amount of any REO Property as net monthly excess cashflow on such Distribution Date and the allocation of it to the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Periodcertificateholders with respect to unpaid interest amounts; (xiv) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment PeriodOvercollateralization Amount and Targeted Overcollateralization Amount; (xv) prepayment premiums or charges collected by the aggregate amount of Realized Losses incurred during Servicer, in the related Due Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Componentsaggregate; (xvi) the Class Certificate Principal Balance amount of any Net Swap Payments or Class Certificate Notional Balance, as applicable, of each Class of Certificates Swap Termination Payments paid or received by the Supplemental Interest Trust pursuant to the Swap Agreement and the Apportioned Principal Balances amount of any Defaulted Swap Termination Payments paid by the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution DateSupplemental Interest Trust; (xvii) the Interest Distributable Amount in respect percentage equal to the aggregate Realized Losses divided by the aggregate stated Principal Balance of each Class the Mortgage Loans as of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Cut-off Date; (xviii) the aggregate amount distributed on the Class CE-1, Class CE-2, Class P, Class R and Class R-X Certificates; (xix) the amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount Subsequent Recoveries for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates Record Date for such Distribution Date; (xxi) the aggregate Principal Balance of updated Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due PeriodLoan information, such as weighted average interest rate, and indicating the relevant section of this Agreement or the related Purchase Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loanweighted average remaining term; (xxii) material breaches of Mortgage Loan representations of warranties of which the amount of any Principal Deficiency Amounts Trustee or Accrued Interest Amounts paid to an Undercollateralized Group the Servicer has actual knowledge or amounts paid pursuant to Section 5.01(e)(i);has received written notice; and (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount material breaches of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvii) payments made covenants under the Yield Maintenance Agreements, if any; and (xxviii) the amount Pooling and Servicing Agreement of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components. The Trustee will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at “▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling which the Trustee customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇or the Servicer has received written notice. Parties that are unable to use or access the above distribution option Trustee's website are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk Trustee at (▇▇▇) ▇▇▇-▇▇▇▇ and indicating such. The Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. The Trustee may fully rely upon and shall have no liability with respect to information with respect to the Mortgage Loans provided by the Servicer. In the case of information furnished pursuant to subclauses (i), (iii) and (iiiv) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. The Trustee's responsibility for providing the above statement is limited to the availability, timeliness and accuracy of the information derived from the Servicer (or as provided by such other party providing notice of a material breach in clauses (xxii) and (xxiii) above. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, shall furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i), (iii), (xvii) and (iixxii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall supply an electronic tape make available to Bloomberg Financial Markets, Inc. the Residual Certificateholders a copy of the reports made available to the Regular Certificateholders in a format acceptable respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. Such obligation of the Trustee shall be deemed to Bloomberg Financial Markets, Inc. on a monthly basis, have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Residual Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Certificate Insurer, the Yield Maintenance Provider, the Seller, any NIMS Insurer and the each Rating Agency, a statement based, as applicable, on loan-level information obtained from and the Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. Information in the Distribution Date Statement relating to or based on amounts available in the Yield Maintenance Account and the Class 2A-1C2 Yield Maintenance Account shall be based on information provided by the Yield Maintenance Provider regarding any Yield Maintenance Distributable Amounts and Class 2A-1C2 Yield Maintenance Distributable Amounts required to be paid by the Yield Maintenance Provider for the related Distribution Date pursuant to the Yield Maintenance Agreement or the Class 2A-1C2 Yield Maintenance Agreement, as applicable. The Distribution Date Statement shall include the following information, in each case, with respect to such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date[Reserved]; (iv) the aggregate amount of servicing compensation received by the Servicer during Servicing Fees and Custodial Fees for the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsPeriod; (v) the amount of Advances for each Loan Group and the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]; (vii) the Loan Group Balance for each Loan Group and related the Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (vii) the Pool Balance and the Loan Group Balance for such Distribution Date; (viii) for each Loan Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reserved]for each Loan Group, the amount of fees, expenses or indemnification amounts paid by the Trust Fund with an identification of the general purpose of such amounts and the party receiving such amounts; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xiixi) for each Loan Group, the number and aggregate unpaid principal balance of the related Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month, using the MBA method; (xiiixii) for each Loan Group, the book value (if available) of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xivxiii) for each Loan Group, the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxiv) for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Period for each Loan Group and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Componentsafter giving effect to any distributions made thereon, on such Distribution Date; (xvixv) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xviixvi) for each Loan Group, the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each related Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviiixvii) for each Loan Group, the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date after giving effect to any distributions made thereon, on such Distribution Date; (xviii) for each Loan Group, the related Available Funds; (xix) the Available Funds with respect to for each Loan Group; (xx) , the Pass-Through Rate and related Adjusted Cap Rate for each Class of Certificates for such Distribution Date; (xxixx) for each Loan Group, the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement the Mortgage Loan Purchase Agreement, or the related Purchase Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxiixxi) for each Loan Group, the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i5.01(d); (xxiiixxii) current Recoveries allocable to each Loan Group; (xxivxxiii) cumulative Recoveries allocable to each Loan Group; (xxvxxiv) the amount of any Basis Risk Shortfall and Unpaid Basis Risk Shortfall, if any, and the related accrued interest for each Class after giving effect to any distributions made thereon, on such Distribution Date; (xxvixxv) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxviixxvi) payments made under the Yield Maintenance Agreementsamount of the Certificate Insurer Reimbursement Amount, if any; and; (xxvii) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsCertificates (xxix) the amount of any Unpaid Interest Shortfall Amount; (xxx) the amount of any Final Maturity Reserve Amount deposited in the Final Maturity Reserve Account, and, on the Final Maturity Reserve Termination Date, the amount distributed from the Final Maturity Reserve Account to each Class of Certificates; (xxxi) the Overcollateralized Amount for that Distribution Date; (xxxii) the Overcollateralization Target Amount for that Distribution Date; (xxxiii) the amount remitted by the Administrator to the Trustee pursuant to the Yield Maintenance Allocation Agreement; and (xxxiv) the amount of any Class P Distributable Amount. The Trustee will shall make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at “▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee Trustee’s customer service desk at ▇-(▇▇▇-) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after . In addition to the end of each calendar year, the Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Personinformation listed above, such information as is reasonably necessary to provide to such Person a statement containing Distribution Date Statement or the information set forth in subclauses (i) and (ii) above, aggregated report on Form 10-D for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation Distribution Date shall also include any other information required by Item 1121 (§ 229.1121) of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to timeRegulation AB. (c) On each Distribution Date, the Trustee shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Statements. (a) On Two Business Days prior to each Distribution Date, the Trustee Securities Administrator shall make available to the Securities Administrator, and concurrently with each distribution to Certificateholders, the Certificate Insurer, the Credit Risk Manager, the Securities Administrator shall make available to each Certificateholder, the Seller, the Master Servicer, the Trustee and the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer and the Servicer Servicer, no later than the third Business Day prior to the related Distribution Date, (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. The Distribution Date Statement shall include the following: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date[Reserved]; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for each Loan Group for the related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]; (vii) the Loan Group Balance and for each Loan Group, the related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (vii) [Reserved]; (viii) for each Loan Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reserved]for each Loan Group, the amount of fees, expenses or indemnification amounts paid by the Trust Fund with an identification of the general purpose of such amounts and the party receiving such amounts; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xiixi) for each Loan Group, the number and aggregate unpaid principal balance of the related Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiiixii) for each Loan Group, the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xivxiii) for each Loan Group, the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxiv) for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Period for each Loan Group and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only ComponentsCertificates; (xvixv) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xviixvi) for each Loan Group, the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each related Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviiixvii) for each Loan Group, the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xixxviii) the Available Funds with respect to for each Loan Group, the related Available Funds; (xxxix) for each Loan Group, the Pass-Through Rate and Adjusted Cap Rate for each Class of Certificates for such Distribution Date; (xxixx) for each Loan Group, the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement the Mortgage Loan Purchase Agreement, or the related Purchase Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxi) [reserved]; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)for each Loan Group, current Recoveries allocable thereto; (xxiii) current Recoveries allocable to for each Loan Group, cumulative Recoveries allocable thereto; (xxiv) cumulative Recoveries allocable to for each Loan Group; (xxv) , the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvixxv) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxviixxvi) payments made under the Yield Maintenance Agreementsamount of the Certificate Insurer Reimbursement Amount, if any; and; (xxvii) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates Certificates; (xxix) the Overcollateralization Amount for that Distribution Date; (xxx) the Overcollateralization Target Amount for that Distribution Date; (xxxi) for each Loan Group, the aggregate minimum amount of payments required to be made in respect of interest and Principal-Only Componentsprincipal on the Mortgage Loans; (xxxii) the number of Mortgage Loans and the aggregate Stated Principal Balance of Mortgage Loans that have negative amortization; and (xxxiii) The amount of any Class P Distributable Amount and the Class ES Distributable Amount. The Trustee will Securities Administrator shall make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the TrusteeSecurities Administrator’s internet website. The TrusteeSecurities Administrator’s internet website shall initially be located at “▇▇▇.▇▇://▇▇▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee Securities Administrator’s customer service desk at ▇-(▇▇▇-) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. In addition to the information listed above, such Distribution Date Statement shall also include the information required by Item 1121 (§ 229.1121) of Regulation AB. (b) Within a reasonable period of time after the end of each calendar year, the Trustee Securities Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a CertificateholderCertificateholder and such other customary information which a Certificateholder reasonably requests to prepare its tax returns. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee Securities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Statements. (a) On each Distribution Date, based, as applicable, on information provided to it by the Servicer, the Trustee shall make available to each CertificateholderHolder of the Regular Certificates, the Seller, Servicer and the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from and the Servicer (the “"Distribution Date Statement”") as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates (and each Component in the case of the Classes of Subordinate Certificates) allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Pro Rata Senior Percentage, Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reservedreserved]; (vii) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, each as of the related Determination Date; (viii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) [Reserved]; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans in each Loan Group as of the related Due Date; (xiix) separately stated for each Loan Group, the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close Close of business Business on the last day of the calendar month preceding calendar monthsuch Distribution Date; (xiiixi) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xivxii) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxiii) the aggregate Deferred Interest Amount accrued on the Group II Mortgage Loans and added to the Principal Balances thereof for the related Due Period; (xiv) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvixv) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates (other than the Class X Certificate), the Component Balance of each Component and the Apportioned Principal Balances of the Subordinate Certificates Class X Notional Balance after giving effect to any distributions made thereon, and any Deferred Interest Amounts allocated thereto, on such Distribution Date; (xviixvi) the Interest Distributable Amount in respect of each Class of the Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviiixvii) the aggregate amount of any Net Prepayment Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.24 hereof in each case by Loan Group; (xixxviii) the Loan Group Available Funds with respect to each Loan Group; (xxxix) the Pass-Through Rate for each Class of Certificates for such Distribution Date;; and (xxixx) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Servicer or the Seller or any Originator during the related Due PeriodPeriod with respect to each Loan Group, and indicating the relevant section Section of this Agreement or the related Purchase Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components. The Trustee will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s 's internet websitewebsite and its fax-on-demand service and will forward the Distribution Date Statement to each Rating Agency. The Trustee’s 's fax-on-demand service may be accessed by calling (301) 815-6610. The Trustee's internet website shall initially be located at “"www.ctslink.com". Assistance in usi▇▇ ▇▇▇ ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using ▇ or the website fax-on-demand service can be obtained by calling the Trustee Trustee's customer service desk at ▇(301) 815-▇▇▇-▇▇▇-▇▇▇▇6600. Parties that are unable to use the un▇▇▇▇ ▇▇ ▇▇▇ ▇▇e above distribution option options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating suchrequesting same. The Trustee shall have the right to change the way such reports Distribution Date Statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Trustee shall provide timely and adequate notification to all the above parties regarding any such changechanges. The Trustee's obligations pursuant to this Section 4.04 are limited to the extent of its receipt of all necessary information from the Servicer. The Trustee may fully rely upon and shall have no liability with respect to information provided by the Servicer. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and through (iiiii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Statements. (a) On each Distribution Payment Date, based solely on information provided to it by the Servicer in its Determination Date Report, the Indenture Trustee shall prepare and make available to each CertificateholderNoteholder, the SellerSwap Counterparties, the Cap Counterparties, the Servicer and the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from and the Servicer (the “Distribution Date StatementIndenture Trustee Remittance Report”) as to the distributions to be payments made or made, as applicable, on such Distribution Payment Date: (i) the amount of the distribution payment made on such Distribution Payment Date to the Holders of each Class of Notes, separately identified, allocable to principal and the amount of the payment made to the Holders of the Class C Certificates allocable to principalPrepayment Charges; (ii) the amount of the distribution payment made on such Distribution Payment Date to the Holders of each Class of Certificates Notes allocable to interest, separately identified; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect payments made to each Loan Group for the following Distribution Date;Certificateholders (iv) the aggregate amount of servicing compensation received by the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]; (vii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Pool Balance of the One-Month MTA Indexed Group I Mortgage Loans and the Group II Mortgage Loans at the Close of Business at the end of the related Due Period; (ixv) [Reserved]; (x) [Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity aggregate principal balance, and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiivi) the number and aggregate unpaid principal balance of Mortgage Loans, Loans (identified by Group) that (A) were Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquent, (dB) as to which foreclosure proceedings have been commenced and that (ei) in bankruptcyare not Delinquent, and (ii) are Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) are related to a REO Property and that (i) are not Delinquent and (ii) are Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days and (D) are related to a Mortgagor that was subject to a bankruptcy proceeding and that (i) are not Delinquent and (ii) are Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar montha contractual and bankruptcy legal basis; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xivvii) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvviii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses Losses; (ix) the Class Note Balance of each class of the Class A Notes and each class of the amount of Realized LossesClass M Notes, after giving effect to the payments made on such Payment Date; (x) the Unpaid Interest Shortfall Amount, if any, allocated with respect to each class of the Class A Notes and each class of Certificates or Principal-Only Componentsthe Class M Notes for such Payment Date; (xi) the aggregate amount of any Prepayment Interest Shortfalls for such Payment Date, to the extent not covered by payments by the Servicer pursuant to Section 5.27 of the Sale and Servicing Agreement; (xii) the Credit Enhancement Percentage for such Payment Date; (xiii) the Available Funds Cap Shortfall amount for each class of the Class A Notes and each class of the Class M Notes if any, for such Payment Date; (xiv) the difference between (x) the sum of (i) the aggregate notional amount of the Swap Agreements and (ii) the aggregate notional amount of the Cap Agreements and (y) the aggregate Class Note Balance of the Class A Notes and Class M Notes on such Payment Date; (xv) the Required Overcollateralization Amount for such Payment Date; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on Net Monthly Excess Cashflow for such Distribution Payment Date; (xvii) the Interest Distributable Amount in respect aggregate amount of each Class of Certificates, for such Distribution Date and Scheduled Principal Payments made during the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Daterelated Due Period; (xviii) the aggregate amount of any Net Interest Shortfalls and Principal Prepayments made during the Unpaid Interest Shortfall Amount for such Distribution Daterelated Due Period in which the related Mortgagor paid the related Mortgage Loan in full; (xix) the Available Funds with respect to each Loan Groupaggregate amount of Principal Prepayments in part made during the related Prepayment Period; (xx) the Pass-Through Rate number and the aggregate principal balance of all Liquidated Mortgage Loans for each Class of Certificates for such Distribution Datethe related Prepayment Period; (xxi) the aggregate Principal Balance amount of Mortgage Loans purchased hereunder by the Seller or any Originator Net Liquidation Proceeds received during the related Due Prepayment Period, and indicating the relevant section of this Agreement or the related Purchase Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan;; and (xxii) the dollar amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or claims made, amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) by the amount MI Insurer in respect of any Basis Risk Shortfall, if anyclaims made, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest premiums due and Net Deferred Interest, if any, for such Loan Group; (xxvii) payments made paid under the Yield Maintenance AgreementsMI Policy, if any; and (xxviii) the amount of Net Deferred Interest, if any, added solely to the Class Certificate Principal Balance or Component Principal Balance of extent provided by the related Certificates and Principal-Only Components. The Trustee will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at “▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee shall provide timely and adequate notification to all parties regarding any such changeServicer. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Closing Date. (b) . The Indenture Trustee may, in the absence of manifest error, conclusively rely upon the Determination Date Report of the Servicer in its preparation of the statement to Noteholders pursuant to this Section 2.09. Within a reasonable period of time after the end of each calendar year, the Indenture Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular CertificateNoteholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Noteholder. Such obligation of the Indenture Trustee shall have been previously deemed to have been satisfied to the extent that substantially comparable information shall be made available by the Indenture Trustee to Noteholders. On each Payment Date, the Indenture Trustee shall make available to the Certificateholders a copy of the reports made available to the Noteholders in respect of such Payment Date with such other information as the Indenture Trustee deems necessary or appropriate. Within a reasonable period of time after the end of each calendar year, the Indenture Trustee shall deliver to each Person who at any time during the calendar year was a Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Indenture Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished have been previously made available to Certificateholders by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to timeIndenture Trustee. (c) On each Distribution Date, the Trustee shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Statements. (a) On Concurrently with each Distribution Datedistribution to Certificateholders, the Trustee Securities Administrator shall make available to each Certificateholder, the Seller, the Master Servicer, the Trustee and the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer and the Servicer Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. The Distribution Date Statement shall include the following: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group 1, Loan Group 2 and Loan Group 3 for the following Distribution Date; (iv) the Group 4 Senior Percentage, the Group 4 Senior Prepayment Percentage, the Group 4 Subordinate Percentage and the Group 4 Subordinate Prepayment Percentage with respect to Loan Group 4 for the following Distribution Date; (v) the aggregate amount of servicing compensation received by the each Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsPeriod; (vvi) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]Advances as reported by each Servicer; (vii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, [reserved]. (ix) the aggregate Principal Balance of the One-Month LIBOR Indexed, Six-Month LIBOR Indexed, One-Year LIBOR Indexed and One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; Period (ix) [Reserved]for Loan Groups 1 through 3 in the aggregate and for Loan Group 4 separately); (x) [Reserved]the amount of the Master Servicer Fees paid to or retained by the Master Servicer; (xi) the aggregate amount of Servicing Fees paid to or retained by the Servicers; (xii) to the extent that such amounts are paid out of the Distribution Account, the amount of fees, expenses or indemnification amounts paid by the Trust with an identification of the general purpose of such amounts and the party receiving such amounts; (xiii) for each Loan Group, the number, weighted average remaining term to maturity maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xiixiv) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, using the “MBA” method (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiiixv) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar rolling six-month preceding the delinquency rate for that Distribution Date, and, cumulatively, ; (xvi) the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xivxvii) the aggregate amount of Principal Prepayments and Prepayment Penalty Amounts with respect to each Loan Group made during the related Prepayment Period; (xvxviii) the aggregate amount of Realized Losses for each Loan Group and Recoveries incurred during the related Due Period and the cumulative amount of Realized Losses and Recoveries as of such Distribution Date; (xix) the cumulative amount of Realized LossesLosses for each Loan Group; (xx) the Realized Losses and Recoveries, if any, allocated to each Class of Certificates or Principal-Only Componentson the related Distribution Date; (xvixxi) the Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xviixxii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviiixxiii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xixxxiv) the Available Funds with respect to each of Loan GroupGroups 1, 2 and 3 and the Group 4 Available Funds with respect to Loan Group 4; (xxxxv) the Pass-Through Rate and Adjusted Pass-Through Rate (in the case of the Group 4 Certificates other than the Class 4-AX Certificates) for each Class of Certificates for such Distribution Date; (xxixxvi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement or the related Purchase Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxiixxvii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group with respect to Loan Groups 1, 2 and 3 or amounts paid pursuant to Section 5.01(e)(i5.01(f)(i); (xxiiixxviii) current Recoveries allocable to the total number of Mortgage Loans in the aggregate and the aggregate Stated Principal Balance for the Group 1 Mortgage Loans (also separately stating such information for the Adjustable Rate Mortgage Loans, the Three-Year Hybrid Mortgage Loans and the Five-Year Hybrid Mortgage Loans), the Group 2 Mortgage Loans, the Group 3 Mortgage Loans and Group 4 Mortgage Loans (also stating separately such information for Negative Amortization Loans), in each Loan Groupcase at the close of business at the end of the related Due Period; (xxivxxix) cumulative Recoveries allocable with respect to each Loan Group; (xxv) Group 4 Mortgage Loans, the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) and the amount of any Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the Group 4 Certificates; and (xxx) with respect to Mortgage Loans serviced by Cenlar, but only if such Mortgage Loans were subject to a modification of terms made during the related Certificates Due Period as part of a loss mitigation strategy, the following items: (a) the percentage (by outstanding Principal Balance) and Principalthe number of Mortgage Loans that were modified in the related Due Period; (b) the cumulative percentage (by Cut-Only ComponentsOff Date Principal Balance) of modified mortgage loans; (c) the amount of principal forgiven with respect to modified Mortgage Loans for the related Due Period; (d) the cumulative amount of principal forgiven with respect to modified Mortgage Loans from the Closing Date; (e) the percentage (by outstanding Principal Balance) of modified Mortgage Loans that are included in the delinquency trigger calculation for purposes of the Step Down Conditions, the Two Times Test, the Group 4 Step Down Conditions and the Group 4 Two Times Test; (f) the delinquency status of the modified Mortgage Loans both pre- and post- modification; (g) the number of times the Mortgage Loan has been subject to modification; (h) the effective date of the modification; (i) the number of modifications made to Mortgage Loans in the last twelve months; (j) the percentage (by outstanding Principal Balance) of modified Mortgage Loans that are current or delinquent in payment and the delinquency status of the modified Mortgage Loans from the Closing Date; and (k) the Loan Rate of the modified Mortgage Loans pre- and post- modification. The Trustee Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the TrusteeSecurities Administrator’s internet website. The TrusteeSecurities Administrator’s internet website shall initially be located at “▇▇▇.▇▇://▇▇▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee Securities Administrator’s customer service desk at ▇1-▇▇▇866-▇▇▇846-▇▇▇▇4526. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (bl) Within a reasonable period of time after the end of each calendar year, the Trustee Securities Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i), (ii) and (iiiv) above, aggregated for such calendar year or applicable portion thereof during which such Person was a CertificateholderCertificateholder and such other customary information which a Certificateholder reasonably requests to prepare its tax returns. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (cm) On each Distribution Date, the Trustee Securities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.