Sunday, September 09, 2018 10:32:43 AM
https://www.bamsec.com/filing/95011705003428?cik=1337146
CERTAIN MATTERS RELATING TO CONSERVATORSHIP OR The servicer is chartered as a federal savings
RECEIVERSHIP OF THE SERVICER association and is regulated and supervised by the
Office of Thrift Supervision (the 'OTS'), which is
authorized to appoint the Federal Deposit Insurance
Corporation (the 'FDIC')
as conservator or receiver for the servicer if
certain events occur relating to the servicer's
financial condition or the propriety of its
actions. In addition, the FDIC could appoint itself
as conservator or receiver for the servicer.
If the FDIC were appointed as receiver or
conservator for the servicer, then regardless of
the terms of the pooling agreement, the FDIC (i)
could prevent the appointment of a successor
servicer, (ii) could authorize the servicer to stop
servicing the mortgage loans, or (iii) could
increase the amount or the priority of the
servicing fee due to the servicer or otherwise
alter the terms under which the servicer services
the mortgage loans. If any of these events were to
occur, payments on the certificates could be
delayed or reduced.
The administrative expenses of a conservator or
receiver for the servicer that the conservator or
receiver determines to be related to the mortgage
loans or the pooling agreement could be paid from
collections on the mortgage loans before the Trust
or the holders of the certificates receive any
payments, thereby resulting in delays or reductions
in payments on the certificates.
The Trust may not have a perfected interest in
collections on the mortgage loans held by the
servicer, and thus if an insolvency proceeding were
commenced by or against the servicer, payments on
the certificates could be delayed or reduced.
<Caption>
CLASS 2-CB-4 CLASS 2-CB-5
DISTRIBUTION ---------------------------------- ----------------------------------
DATE 0% 50% 100% 150% 200% 0% 50% 100% 150% 200%
- ---- ------ ---- ---- ---- ---- ----- ----- ---- ---- ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Initial Percentage...... 100 100 100 100 100 100 100 100 100 100
August 25, 2006......... 100 100 100 100 100 100 100 100 100 100
August 25, 2007......... 100 100 100 100 100 100 100 100 100 100
August 25, 2008......... 100 100 100 100 0 100 100 100 100 91
August 25, 2009......... 100 100 100 3 0 100 100 100 100 0
August 25, 2010......... 100 100 77 0 0 100 100 100 28 0
August 25, 2011......... 100 100 21 0 0 100 100 100 0 0
August 25, 2012......... 100 67 0 0 0 100 100 81 0 0
August 25, 2013......... 100 27 0 0 0 100 100 55 0 0
August 25, 2014......... 100 0 0 0 0 100 94 40 0 0
August 25, 2015......... 100 0 0 0 0 100 67 31 0 0
August 25, 2016......... 100 0 0 0 0 100 41 24 0 0
August 25, 2017......... 100 0 0 0 0 100 30 19 0 0
August 25, 2018......... 100 0 0 0 0 100 24 15 0 0
August 25, 2019......... 100 0 0 0 0 100 19 11 0 0
August 25, 2020......... 100 0 0 0 0 100 15 9 0 0
August 25, 2021......... 100 0 0 0 0 100 12 7 0 0
August 25, 2022......... 100 0 0 0 0 100 9 5 0 0
August 25, 2023......... 100 0 0 0 0 100 7 4 0 0
August 25, 2024......... 100 0 0 0 0 100 5 3 0 0
August 25, 2025......... 100 0 0 0 0 100 4 2 0 0
August 25, 2026......... 100 0 0 0 0 100 3 2 0 0
August 25, 2027......... 100 0 0 0 0 100 2 1 0 0
August 25, 2028......... 100 0 0 0 0 100 2 1 0 0
August 25, 2029......... 65 0 0 0 0 100 1 1 0 0
August 25, 2030......... 20 0 0 0 0 100 1 * 0 0
August 25, 2031......... 0 0 0 0 0 72 1 * 0 0
August 25, 2032......... 0 0 0 0 0 20 * * 0 0
August 25, 2033......... 0 0 0 0 0 * * * 0 0
August 25, 2034......... 0 0 0 0 0 * * * 0 0
August 25, 2035......... 0 0 0 0 0 0 0 0 0 0
Weighted Average Life
(in years)(1).......... 24.37 7.50 5.53 3.57 2.61 26.47 11.91 9.69 4.77 3.43
</Table>
Discover What Traders Are Watching
Explore small cap ideas before they hit the headlines.
