Assignment of Security From Secured Party 4 To Secured Party 5 Collateral to Investors Assignment of Security Instrument Filed of Record Memorialization

of Note Negotiation Transfer of Secured Rights To Subsequent Secured Party Assignment of Security From Secured Party 3 To Secured Party 4 Trustee for Trust Assignment of Security Instrument Filed of Record Memorialization of Note Negotiation Transfer of Secured Rights To Subsequent Secured Party Assignment of Security From Secured Party 2 To Secured Party 3 Depositor Assignment of Security Instrument Filed of Record Memorialization of Note Negotiation Transfer of Secured Rights To Subsequent Secured Party Assignment of Security From Secured Party 1 To Secured Party 2 Aggregator/Seller Assignment of Security Instrument Filed of Record Memorialization of Note Negotiation Transfer of Secured Rights To Subsequent Secured Party Security Instrument Securing Secured Party 1

Note Negotiation Secured Party 4 To Secured Party 5 Special Endorsement

Note Negotiation Secured Party 3 To Secured Party 4 Special Endorsement

Note Negotiation Secured Party 2 To Secured Party 3 Special Endorsement

Note Negotiation Secured Party 1 To Secured Party 2 Special Endorsement

Tangible Note Originator Secured Party

Security Instrument Attaches/Temporary Perfection at Closing Security Instrument filed for Permanent Perfection

Secured Party is Beneficiary Perfected Lien

Secured by a Perfected Security Instrument

Security Instrument Securing Tangible Note

Assignment of Security From Secured Party 4 To Secured Party 5 Assignment of Security Instrument Filed of Record Memorialization of Note Negotiation Transfer of Secured Rights To Subsequent Secured Party Assignment of Security From Secured Party 3 To Secured Party 4 Assignment of Security Instrument Filed of Record Memorialization of Note Negotiation Transfer of Secured Rights To Subsequent Secured Party Assignment of Security From Secured Party 2 To Secured Party 3 Assignment of Security Instrument Filed of Record Memorialization of Note Negotiation Transfer of Secured Rights To Subsequent Secured Party Assignment of Security From Secured Party 1 To Secured Party 2 Assignment of Security Instrument Filed of Record Memorialization of Note Negotiation Transfer of Secured Rights To Subsequent Secured Party Security Instrument Securing Secured Party 1

Note Negotiation Secured Party 4 To Secured Party 5 Special Endorsement

Note Negotiation Secured Party 3 To Secured Party 4 Special Endorsement

Note Negotiation Secured Party 2 To Secured Party 3 Special Endorsement

Note Negotiation Secured Party 1 To Secured Party 2 Special Endorsement

Tangible Note Originator Secured Party

Security Instrument Attaches/Temporary Perfection at Closing Security Instrument filed for Permanent Perfection

Secured Party is Beneficiary Perfected Lien

Security Instrument Securing Tangible Note

Perfected Security Instrument

Non Assignment of Security From Party 4 To Party 5 Collateral to Investors

Fabricated Assignment of Security Instrument Filed of Record Attempt to Identify a Secured Party Nemo Dat

Note Negotiation Party 4 To Party 5 Blank Endorsement

Non Assignment of Security From Party 3 To Party 4 Assignment of Security Instrument Not Filed of Record No Memorialization of Note Negotiation Subsequent Indorsee of Tangible Note In Blank Lack of Identification of a Secured Party Non Assignment of Security From Party 2 To Party 3 Assignment of Security Instrument Not Filed of Record No Memorialization of Note Negotiation Subsequent Indorsee of Tangible Note In Blank Lack of Identification of a Secured Party Non Assignment of Security From Secured Party 1 Party 2 Assignment of Security Instrument Not Filed of Record No Memorialization of Note Negotiation Subsequent Indorsee of Tangible Note In Blank Lack of Identification of a Secured Party Security Instrument Securing Secured Party 1

Note Negotiation Party 3 To Party 4 Blank Endorsement

Note Negotiation Party 2 To Party 3 Blank Endorsement

Note Negotiation Secured Party 1 To Party 2 Blank Endorsement

Tangible Note Originator Secured Party

Security Instrument Attaches/Temporary Perfection at Closing Security Instrument filed for Permanent Perfection

Secured Party is Beneficiary Perfected Lien

Secured by a Perfected Security Instrument

Security Instrument Securing Tangible Note

Non Assignment of Security From Party 4 To GSE

GSE Securitizes Intangible Payment Stream UCC Article 9

Note Negotiation Party 4 To GSE Blank Endorsement

(Upon Default) GSE - Fabrication of Assignment of Security Instrument Filed of Record Attempt to Identify GSE as Secured Party Nemo Dat Assignment in Blank of Security Instrument Not Filed of Record No Memorialization of Note Negotiation Subsequent Indorsee of Tangible Note In Blank Lack of Identification of a Secured Party Non Assignment of Security From Party 4 To Party 5 Assignment in Blank of Security Instrument Not Filed of Record No Memorialization of Note Negotiation Subsequent Indorsee of Tangible Note In Blank Lack of Identification of a Secured Party Non Assignment of Security From Party 3 To Party 4 Assignment in Blank of Security Instrument Not Filed of Record No Memorialization of Note Negotiation Subsequent Indorsee of Tangible Note In Blank Lack of Identification of a Secured Party Non Assignment of Security From Party 2 To Party 3 Assignment in Blank of Security Instrument Not Filed of Record No Memorialization of Note Negotiation Subsequent Indorsee of Tangible Note In Blank Lack of Identification of a Secured Party Non Assignment of Security From Secured Party 1 Party 2 Assignment in Blank of Security Instrument Not Filed of Record No Memorialization of Note Negotiation Subsequent Indorsee of Tangible Note In Blank Lack of Identification of a Secured Party Security Instrument Securing Secured Party 1

Note Negotiation Party 4 To Party 5 Blank Endorsement

Note Negotiation Party 4 To Party 5 Blank Endorsement

Note Negotiation Party 3 To Party 4 Blank Endorsement

Note Negotiation Party 2 To Party 3 Blank Endorsement

Note Negotiation Secured Party 1 To Party 2 Blank Endorsement

Tangible Note Originator Secured Party Indorser

Security Instrument Attaches/Temporary Perfection at Closing Security Instrument filed for Permanent Perfection

Secured Party is Beneficiary Perfected Lien

Secured by a Perfected Security Instrument

Security Instrument Securing Tangible Note