RUN DATE:  5/31/03
RUN TIME:  9:10 PM                                      Sample Condominiums                                               PAGE    1
                                               DELINQUENCY REPORT: AS OF May 31, 2003
                                                       ACCOUNT NUMBER SEQUENCE        
ACCOUNT #                  UNIT #  NAME                                   CURRENT     OVER  30    OVER  60    OVER  90        TOTAL
------------               ------  ---------------------------------- -----------  ----------- ----------- ----------- ------------
      08-109                  109  Doug Smith
                                     Late Charge Receivable  1625            0.00        0.00       20.00        1.56         21.56
                                                                      -----------  ----------- ----------- ----------- ------------
                                                            TOTAL:           0.00        0.00       20.00        1.56         21.56
      08-201                  201  Mr. & Mrs. Jones
                                     Assessment Receivable   1600            5.60        0.00        0.00        0.00          5.60
                                                                      -----------  ----------- ----------- ----------- ------------
                                                            TOTAL:           5.60        0.00        0.00        0.00          5.60
      08-306                  306  Mr. Doe
                                     Assessment Receivable   1600          247.45      247.45      247.45        0.00        742.35
                                     Late Charge Receivable  1625           20.00       20.00       20.00        0.00         60.00
                                                                      -----------  ----------- ----------- ----------- ------------
                                                            TOTAL:         267.45      267.45      267.45        0.00        802.35
      08-508                  508  Mr. & Mrs. Price
                                     Assessment Receivable   1600          250.24       40.00        0.00        0.00        290.24
                                     Late Charge Receivable  1625           20.00        0.00        0.00        0.00         20.00
                                                                      -----------  ----------- ----------- ----------- ------------
                                                            TOTAL:         270.24       40.00        0.00        0.00        310.24
        

 

RUN DATE:  5/31/03
RUN TIME:  9:10 PM                                      Sample Condominiums                                               PAGE    2
                                               DELINQUENCY REPORT: AS OF May 31, 2003
                                                         ACCOUNTING SUMMARY        
ACCOUNT #    ACCOUNT DESCRIPTION                   CURRENT       OVER  30       OVER  60       OVER  90           TOTAL
---------    ------------------------------    -----------    -----------    -----------    -----------    ------------
 1600        Assessment Receivable                  503.29         287.45         247.45           0.00         1038.19
 1625        Late Charge Receivables                 40.00          20.00          40.00           1.56          101.56
                                               -----------    -----------    -----------    -----------    ------------
                   GRAND TOTAL:                     543.29         307.45         287.45           1.56         1139.75
        
                                                        -- End of report --