8-K 1 sal01up2.txt OCT 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 25, 2001 UNION PLANTERS MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2001-UP2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-63752-02 52-2338556 Pooling and Servicing Agreement) (Commission 52-2338557 (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 11000 Broken Land Parkway Columbia, Maryland 21044 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 Former name or former address, if changed since last report) ITEM 5. Other Events On October 25, 2001 a distribution was made to holders of UNION PLANTERS MORTGAGE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2001-UP2 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-UP2 Trust, relating to the October 25, 2001 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. UNION PLANTERS MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2001-UP2 Trust By: Wells Fargo Bank Minnesota, N.A. as Trustee By: /s/ Beth Belfield, Officer By: Beth Belfield, Officer Date: 11/1/01 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-UP2 Trust, relating to the October 25, 2001 distribution. EX-99.1

Union Planters Mortgage Loan Trust Mortgage Pass-Through Certificates Record Date: 89/3130/01 Distribution Date: 910/25/01 SBMSVII Series: 2001-UP2 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution AF-1 79548K5W4 SEN 7.25000% ~~213~~204,~~180~~331,~~782~~223.0094 1,~~287~~234,~~967~~501.2214 8,~~849~~051,~~558~~111.0625 AF-2 79548K5X2 SEN 7.25000% 7571,~~108~~228,~~532~~713.0029 ~~453~~430,~~780~~340.7114 3796,~~879,818~~721.7112 PO SAL1UP0PO SEN 0.00000% 3,~~282~~229,~~872~~825.0044 0.00 5393,~~046~~887.5675 IO SAL1UP0IO SEN 0.~~58786~~58802% 0.00 ~~151~~145,~~792~~553.0130 0.00 BF-1 SAL1UPBF1 SUB 7.25000% 12,~~858~~836,~~922~~120.0015 77,~~689~~551.3256 2223,~~801~~146.8576 BF-2 SAL1UPBF2 SUB 7.25000% 2,~~323~~319,~~901~~780.0019 14,~~040~~015.2434 4,~~120~~183.8115 BF-3 SAL1UPBF3 SUB 7.25000% 1,~~084~~082,~~487~~563.0095 6,~~552~~540.1149 1,~~923~~952.0514 BF-4 SAL1UPBF4 SUB 7.25000% ~~929~~927,~~560~~911.0067 5,~~616~~606.0913 1,~~648~~673.3326 BF-5 SAL1UPBF5 SUB 7.25000% ~~464~~463,~~780~~955.0084 2,~~808~~803.0507 ~~824~~836.1663 BF-6 SAL1UPBF6 SUB 7.25000% ~~619~~618,~~710~~611.0617 3,~~744~~737.0844 1,~~098~~115.8951 RI SAL1UP0RI SEN 0.00000% 0.00 0.00 0.00 AV 79548K5Y0 SEN 7.~~13070~~11087% 1817,~~759~~597,~~955~~820.0049 ~~111~~104,~~476~~279.4087 1118,~~162,134~~492.5100 BV-1 SAL1UPBV1 SUB 7.~~13070~~11087% ~~777~~776,~~511~~001.0067 4,~~620~~598.1737 1,~~509~~499.3351 BV-2 SAL1UPBV2 SUB 7.~~13070~~11087% 159,~~490~~180.0039 ~~947~~943.7326 ~~309~~307.6159 BV-3 SAL1UPBV3 SUB 7.~~13070~~11087% 69,~~777~~641.0055 ~~414~~412.6368 ~~135~~134.4557 BV-4 SAL1UPBV4 SUB 7.~~13070~~11087% 79,~~745~~590.0020 ~~473~~471.8663 ~~154~~153.80 BV-5 SAL1UPBV5 SUB 7.~~13070~~11087% 39,~~872~~794.0060 ~~236~~235.9381 7776.4090 BV-6 SAL1UPBV6 SUB 7.~~13070~~11087% 49,~~870~~743.3358 ~~296~~294.1677 96.7512 RII SAL1UPRII SEN 0.00000% 0.00 0.00 0.00 Totals ~~329~~315,~~789~~810,~~766~~478.3912 2,~~122~~031,~~455~~885.7100 139,~~979~~095,~~258~~388.2706

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses AF-1 0.00 ~~204~~196,~~331~~280,~~223~~112.9469 109,~~137~~285,~~525~~612.2839 0.00 AF-2 0.00 7170,~~228~~431,~~713~~992.2917 41,~~333~~227,~~599~~061.4226 0.00 PO 0.00 3,~~229~~135,~~825~~937.4469 5393,~~046~~887.5675 0.00 IO 0.00 0.00 ~~151~~145,~~792~~553.0130 0.00 BF-1 0.00 12,~~836~~812,~~120~~973.1539 100,~~491~~698.1732 0.00 BF-2 0.00 2,~~319~~315,~~780~~597.1904 18,~~161~~198.0549 0.00 BF-3 0.00 1,~~082~~080,~~563~~611.9582 8,~~475~~492.1663 0.00 BF-4 0.00 ~~927~~926,~~911~~238.6742 7,~~264~~279.4239 0.00 BF-5 0.00 463,~~955~~119.8421 3,~~632~~639.2170 0.00 BF-6 0.00 ~~618~~617,~~611~~495.1766 4,~~842~~852.9795 0.00 RI 0.00 0.00 0.00 0.00 AV 0.00 17,~~597~~479,~~820~~328.49 1222,~~273,610~~771.9187 0.00 BV-1 0.00 ~~776~~774,~~001~~502.6716 6,~~129~~097.5088 0.00 BV-2 0.00 ~~159~~158,~~180~~872.3980 1,~~257~~250.3485 0.00 BV-3 0.00 69,~~641~~506.5597 ~~550~~547.0825 0.00 BV-4 0.00 79,~~590~~436.2040 ~~628~~625.6643 0.00 BV-5 0.00 39,~~794~~717.6070 ~~314~~312.3371 0.00 BV-6 0.00 49,~~743~~647.5846 ~~392~~390.9189 0.00 RII 0.00 0.00 0.00 0.00 Totals 0.00 ~~315~~306,~~810~~715,~~478~~090.1207 1611,~~101~~127,~~713~~273.9806 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) AF-1 213,180,782.00 ~~213~~204,~~180~~331,~~782~~223.0094 ~~391~~381,~~964~~229.0826 87,~~457~~669,~~593~~881.9899 0.00 0.00 AF-2 75,108,532.00 7571,~~108~~228,~~532~~713.0029 ~~119~~115,~~251~~823.0452 3680,~~760,567~~897.6760 0.00 0.00 PO 3,282,872.00 3,~~282~~229,~~872~~825.0044 5,~~391~~363.1362 4788,~~655~~524.4314 0.00 0.00 IO 0.00 0.00 0.00 0.00 0.00 0.00 BF-1 12,858,922.00 12,~~858~~836,~~922~~120.0015 2223,~~801~~146.8576 0.00 0.00 0.00 BF-2 2,323,901.00 2,~~323~~319,~~901~~780.0019 4,~~120~~183.8115 0.00 0.00 0.00 BF-3 1,084,487.00 1,~~084~~082,~~487~~563.0095 1,~~923~~952.0514 0.00 0.00 0.00 BF-4 929,560.00 ~~929~~927,~~560~~911.0067 1,~~648~~673.3326 0.00 0.00 0.00 BF-5 464,780.00 ~~464~~463,~~780~~955.0084 ~~824~~836.1663 0.00 0.00 0.00 BF-6 619,710.06 ~~619~~618,~~710~~611.0617 1,~~098~~115.8951 0.00 0.00 0.00 RI 0.00 0.00 0.00 0.00 0.00 0.00 AV 18,759,955.00 1817,~~759~~597,~~955~~820.0049 3634,~~417~~005.5217 184,~~125,716~~486.9983 0.00 0.00 BV-1 777,511.00 ~~777~~776,~~511~~001.0067 1,~~509~~499.3351 0.00 0.00 0.00 BV-2 159,490.00 159,~~490~~180.0039 ~~309~~307.6159 0.00 0.00 0.00 BV-3 69,777.00 69,~~777~~641.0055 ~~135~~134.4557 0.00 0.00 0.00 BV-4 79,745.00 79,~~745~~590.0020 ~~154~~153.80 0.00 0.00 0.00 BV-5 39,872.00 39,~~872~~794.0060 7776.4090 0.00 0.00 0.00 BV-6 49,~~870~~840.33 49,~~870~~743.3358 96.7512 0.00 0.00 0.00 RII 0.00 0.00 0.00 0.00 0.00 0.00 Totals 329,789,~~766~~736.39 ~~329~~315,~~789~~810,~~766~~478.3912 ~~587~~571,~~724~~597.2051 138,~~391~~523,~~534~~790.0756 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution AF-1 8,~~849~~051,~~558~~111.0625 ~~204~~196,~~331~~280,~~223~~112.9469 0.~~95848801~~92072142 8,~~849~~051,~~558~~111.0625 AF-2 3796,~~879,818~~721.7112 7170,~~228~~431,~~713~~992.2917 0.~~94834384~~93773624 3796,~~879,818~~721.7112 PO 5393,~~046~~887.5675 3,~~229~~135,~~825~~937.4469 0.~~98384142~~95524214 5393,~~046~~887.5675 IO 0.00 0.00 0.00000000 0.00 BF-1 2223,~~801~~146.8576 12,~~836~~812,~~120~~973.1539 0.~~99822677~~99642671 2223,~~801~~146.8576 BF-2 4,~~120~~183.8115 2,~~319~~315,~~780~~597.1904 0.~~99822677~~99642672 4,~~120~~183.8115 BF-3 1,~~923~~952.0514 1,~~082~~080,~~563~~611.9582 0.~~99822677~~99642672 1,~~923~~952.0514 BF-4 1,~~648~~673.3326 ~~927~~926,~~911~~238.6742 0.~~99822676~~99642672 1,~~648~~673.3326 BF-5 ~~824~~836.1663 463,~~955~~119.8421 0.~~99822677~~99642672 ~~824~~836.1663 BF-6 1,~~098~~115.8951 ~~618~~617,~~611~~495.1766 0.~~99822677~~99642672 1,~~098~~115.8951 RI 0.00 0.00 0.00000000 0.00 AV 1118,~~162,134~~492.5100 17,~~597~~479,~~820~~328.49 0.~~93805238~~93173616 1118,~~162,134~~492.5100 BV-1 1,~~509~~499.3351 ~~776~~774,~~001~~502.6716 0.~~99805877~~99613016 1,~~509~~499.3351 BV-2 ~~309~~307.6159 ~~159~~158,~~180~~872.3980 0.~~99805875~~99613016 ~~309~~307.6159 BV-3 ~~135~~134.4557 69,~~641~~506.5597 0.~~99805882~~99613010 ~~135~~134.4557 BV-4 ~~154~~153.80 79,~~590~~436.2040 0.~~99805881~~99613016 ~~154~~153.80 BV-5 7776.4090 39,~~794~~717.6070 0.~~99805879~~99613012 7776.4090 BV-6 96.7512 49,~~743~~647.5846 0.~~99745841~~99613024 96.7512 RII 0.00 0.00 0.00000000 0.00 Totals 139,~~979~~095,~~258~~388.2706 ~~315~~306,~~810~~715,~~478~~090.1207 0.~~95761152~~93003225 139,~~979~~095,~~258~~388.2706

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion AF-1 213,180,782.00 ~~1000~~958.~~00000000~~48801202 1.~~83864641~~78829094 3935.~~67334157~~97829935 0.00000000 AF-2 75,108,532.00 ~~1000~~948.~~00000000~~34383516 1.~~58771629~~54208206 509.~~06844855~~06551602 0.00000000 PO 3,282,872.00 ~~1000~~983.~~00000000~~84141691 1.~~64219927~~63381941 1426.~~51638382~~96545586 0.00000000 IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 BF-1 12,858,922.00 ~~1000~~998.~~00000000~~22676815 1.~~77323185~~80005447 0.00000000 0.00000000 BF-2 2,323,901.00 ~~1000~~998.~~00000000~~22677042 1.~~77322958~~80005517 0.00000000 0.00000000 BF-3 1,084,487.00 ~~1000~~998.~~00000000~~22676528 1.~~77323472~~80005846 0.00000000 0.00000000 BF-4 929,560.00 ~~1000~~998.~~00000000~~22676320 1.~~77323680~~80005594 0.00000000 0.00000000 BF-5 464,780.00 ~~1000~~998.~~00000000~~22677396 1.~~77322604~~80005594 0.00000000 0.00000000 BF-6 619,710.06 ~~1000~~998.~~00000000~~22676753 1.~~77323247~~80005146 0.00000000 0.00000000 RI 0.00 0.00000000 0.00000000 0.00000000 0.00000000 AV 18,759,955.00 ~~1000~~938.~~00000000~~05238285 1.~~94123707~~81264667 604.~~00638008~~50357317 0.00000000 BV-1 777,511.00 ~~1000~~998.~~00000000~~05876701 1.~~94123299~~92860294 0.00000000 0.00000000 BV-2 159,490.00 ~~1000~~998.~~00000000~~05874976 1.~~94125024~~92858486 0.00000000 0.00000000 BV-3 69,777.00 ~~1000~~998.~~00000000~~05881594 1.~~94118406~~92857245 0.00000000 0.00000000 BV-4 79,745.00 ~~1000~~998.~~00000000~~05881246 1.~~94118754~~92864756 0.00000000 0.00000000 BV-5 39,872.00 ~~1000~~998.~~00000000~~05878812 1.~~94121188~~92867175 0.00000000 0.00000000 BV-6 49,~~870~~840.33 ~~1000~~998.~~00000000~~05880098 1.~~94003128~~92855866 0.00000000 0.00000000 RII 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution AF-1 0.00000000 4137.~~51198798~~76659028 ~~958~~920.~~48801202~~72142174 0.~~95848801~~92072142 4137.~~51198798~~76659028 AF-2 0.00000000 5110.~~65616484~~60759808 ~~948~~937.~~34383516~~73623708 0.~~94834384~~93773624 5110.~~65616484~~60759808 PO 0.00000000 1628.~~15858309~~59927222 ~~983~~955.~~84141691~~24214468 0.~~98384142~~95524214 1628.~~15858309~~59927222 IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 BF-1 0.00000000 1.~~77323185~~80005447 ~~998~~996.~~22676815~~42671369 0.~~99822677~~99642671 1.~~77323185~~80005447 BF-2 0.00000000 1.~~77322958~~80005517 ~~998~~996.~~22677042~~42671525 0.~~99822677~~99642672 1.~~77322958~~80005517 BF-3 0.00000000 1.~~77323472~~80005846 ~~998~~996.~~22676528~~42671604 0.~~99822677~~99642672 1.~~77323472~~80005846 BF-4 0.00000000 1.~~77323680~~80005594 ~~998~~996.~~22676320~~42671802 0.~~99822676~~99642672 1.~~77323680~~80005594 BF-5 0.00000000 1.~~77322604~~80005594 ~~998~~996.~~22677396~~42671802 0.~~99822677~~99642672 1.~~77322604~~80005594 BF-6 0.00000000 1.~~77323247~~80005146 ~~998~~996.~~22676753~~42671607 0.~~99822677~~99642672 1.~~77323247~~80005146 RI 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 AV 0.00000000 616.~~94761715~~31621984 ~~938~~931.~~05238285~~73616301 0.~~93805238~~93173616 616.~~94761715~~31621984 BV-1 0.00000000 1.~~94123299~~92860294 ~~998~~996.~~05876701~~13016407 0.~~99805877~~99613016 1.~~94123299~~92860294 BV-2 0.00000000 1.~~94125024~~92858486 ~~998~~996.~~05874976~~13016490 0.~~99805875~~99613016 1.~~94125024~~92858486 BV-3 0.00000000 1.~~94118406~~92857245 ~~998~~996.~~05881594~~13010018 0.~~99805882~~99613010 1.~~94118406~~92857245 BV-4 0.00000000 1.~~94118754~~92864756 ~~998~~996.~~05881246~~13016490 0.~~99805881~~99613016 1.~~94118754~~92864756 BV-5 0.00000000 1.~~94121188~~92867175 ~~998~~996.~~05878812~~13011637 0.~~99805879~~99613012 1.~~94121188~~92867175 BV-6 0.00000000 1.~~94003128~~92855866 ~~997~~996.~~45840864~~13024232 0.~~99745841~~99613024 1.~~94003128~~92855866 RII 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall AF-1 213,180,782.00 7.25000% ~~213~~204,~~180~~331,~~782~~223.0094 1,~~287~~234,~~967~~501.2214 0.00 0.00 AF-2 75,108,532.00 7.25000% 7571,~~108~~228,~~532~~713.0029 ~~453~~430,~~780~~340.7114 0.00 0.00 PO 3,282,872.00 0.00000% 0.00 0.00 0.00 0.00 IO 0.00 0.~~58786~~58802% ~~309~~297,~~853~~038,~~546~~705.0665 ~~151~~145,~~792~~553.0130 0.00 0.00 BF-1 12,858,922.00 7.25000% 12,~~858~~836,~~922~~120.0015 77,~~689~~551.3256 0.00 0.00 BF-2 2,323,901.00 7.25000% 2,~~323~~319,~~901~~780.0019 14,~~040~~015.2434 0.00 0.00 BF-3 1,084,487.00 7.25000% 1,~~084~~082,~~487~~563.0095 6,~~552~~540.1149 0.00 0.00 BF-4 929,560.00 7.25000% ~~929~~927,~~560~~911.0067 5,~~616~~606.0913 0.00 0.00 BF-5 464,780.00 7.25000% ~~464~~463,~~780~~955.0084 2,~~808~~803.0507 0.00 0.00 BF-6 619,710.06 7.25000% ~~619~~618,~~710~~611.0617 3,~~744~~737.0844 0.00 0.00 RI 0.00 0.00000% 0.00 0.00 0.00 0.00 AV 18,759,955.00 7.~~13070~~11087% 1817,~~759~~597,~~955~~820.0049 ~~111~~104,~~476~~279.4087 0.00 0.00 BV-1 777,511.00 7.~~13070~~11087% ~~777~~776,~~511~~001.0067 4,~~620~~598.1737 0.00 0.00 BV-2 159,490.00 7.~~13070~~11087% 159,~~490~~180.0039 ~~947~~943.7326 0.00 0.00 BV-3 69,777.00 7.~~13070~~11087% 69,~~777~~641.0055 ~~414~~412.6368 0.00 0.00 BV-4 79,745.00 7.~~13070~~11087% 79,~~745~~590.0020 ~~473~~471.8663 0.00 0.00 BV-5 39,872.00 7.~~13070~~11087% 39,~~872~~794.0060 ~~236~~235.9381 0.00 0.00 BV-6 49,~~870~~840.33 7.~~13070~~11087% 49,~~870~~743.3358 ~~296~~294.1677 0.00 0.00 RII 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 329,789,~~766~~736.39 2,~~122~~031,~~455~~885.7100 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance AF-1 0.00 0.00 1,~~287~~234,~~967~~501.2214 0.00 ~~204~~196,~~331~~280,~~223~~112.9469 AF-2 0.00 0.00 ~~453~~430,~~780~~340.7114 0.00 7170,~~228~~431,~~713~~992.2917 PO 0.00 0.00 0.00 0.00 0.00 IO 0.00 0.00 ~~151~~145,~~792~~553.0130 0.00 ~~297~~288,~~038~~064,~~705~~078.6507 BF-1 0.00 0.00 77,~~689~~551.3256 0.00 12,~~836~~812,~~120~~973.1539 BF-2 0.00 0.00 14,~~040~~015.2434 0.00 2,~~319~~315,~~780~~597.1904 BF-3 0.00 0.00 6,~~552~~540.1149 0.00 1,~~082~~080,~~563~~611.9582 BF-4 0.00 0.00 5,~~616~~606.0913 0.00 ~~927~~926,~~911~~238.6742 BF-5 0.00 0.00 2,~~808~~803.0507 0.00 463,~~955~~119.8421 BF-6 0.00 0.00 3,~~744~~737.0844 0.00 ~~618~~617,~~611~~495.1766 RI 0.00 0.00 0.00 0.00 0.00 AV 0.00 0.00 ~~111~~104,~~476~~279.4087 0.00 17,~~597~~479,~~820~~328.49 BV-1 0.00 0.00 4,~~620~~598.1737 0.00 ~~776~~774,~~001~~502.6716 BV-2 0.00 0.00 ~~947~~943.7326 0.00 ~~159~~158,~~180~~872.3980 BV-3 0.00 0.00 ~~414~~412.6368 0.00 69,~~641~~506.5597 BV-4 0.00 0.00 ~~473~~471.8663 0.00 79,~~590~~436.2040 BV-5 0.00 0.00 ~~236~~235.9381 0.00 39,~~794~~717.6070 BV-6 0.00 0.00 ~~296~~294.1677 0.00 49,~~743~~647.5846 RII 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 2,~~122~~031,~~455~~885.7100 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall AF-1 213,180,782.00 7.25000% ~~1000~~958.~~00000000~~48801202 65.~~04166665~~79086505 0.00000000 0.00000000 AF-2 75,108,532.00 7.25000% ~~1000~~948.~~00000000~~34383516 65.~~04166661~~72957730 0.00000000 0.00000000 PO 3,282,872.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 IO 0.00 0.~~58786~~58802% ~~1000~~958.~~00000000~~64226641 0.~~48988308~~46974870 0.00000000 0.00000000 BF-1 12,858,922.00 7.25000% ~~1000~~998.~~00000000~~22676815 6.~~04166663~~03095345 0.00000000 0.00000000 BF-2 2,323,901.00 7.25000% ~~1000~~998.~~00000000~~22677042 6.~~04166873~~03095399 0.00000000 0.00000000 BF-3 1,084,487.00 7.25000% ~~1000~~998.~~00000000~~22676528 6.~~04166763~~03095288 0.00000000 0.00000000 BF-4 929,560.00 7.25000% ~~1000~~998.~~00000000~~22676320 6.~~04166487~~03095013 0.00000000 0.00000000 BF-5 464,780.00 7.25000% ~~1000~~998.~~00000000~~22677396 6.~~04167563~~03096088 0.00000000 0.00000000 BF-6 619,710.06 7.25000% ~~1000~~998.~~00000000~~22676753 6.~~04166406~~03094938 0.00000000 0.00000000 RI 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 AV 18,759,955.00 7.~~13070~~11087% ~~1000~~938.~~00000000~~05238285 5.~~94225306~~55864180 0.00000000 0.00000000 BV-1 777,511.00 7.~~13070~~11087% ~~1000~~998.~~00000000~~05876701 5.~~94225677~~91421858 0.00000000 0.00000000 BV-2 159,490.00 7.~~13070~~11087% ~~1000~~998.~~00000000~~05874976 5.~~94225343~~91422660 0.00000000 0.00000000 BV-3 69,777.00 7.~~13070~~11087% ~~1000~~998.~~00000000~~05881594 5.~~94221592~~91426975 0.00000000 0.00000000 BV-4 79,745.00 7.~~13070~~11087% ~~1000~~998.~~00000000~~05881246 5.~~94219073~~91422660 0.00000000 0.00000000 BV-5 39,872.00 7.~~13070~~11087% ~~1000~~998.~~00000000~~05878812 5.~~94226525~~91417536 0.00000000 0.00000000 BV-6 49,~~870~~840.33 7.~~13070~~11087% ~~1000~~998.~~00000000~~05880098 5.~~93860117~~91428668 0.00000000 0.00000000 RII 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance AF-1 0.00000000 0.00000000 65.~~04166665~~79086505 0.00000000 ~~958~~920.~~48801202~~72142174 AF-2 0.00000000 0.00000000 65.~~04166661~~72957730 0.00000000 ~~948~~937.~~34383516~~73623708 PO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 IO 0.00000000 0.00000000 0.~~48988308~~46974870 0.00000000 ~~958~~929.~~64226641~~67817129 BF-1 0.00000000 0.00000000 6.~~04166663~~03095345 0.00000000 ~~998~~996.~~22676815~~42671369 BF-2 0.00000000 0.00000000 6.~~04166873~~03095399 0.00000000 ~~998~~996.~~22677042~~42671525 BF-3 0.00000000 0.00000000 6.~~04166763~~03095288 0.00000000 ~~998~~996.~~22676528~~42671604 BF-4 0.00000000 0.00000000 6.~~04166487~~03095013 0.00000000 ~~998~~996.~~22676320~~42671802 BF-5 0.00000000 0.00000000 6.~~04167563~~03096088 0.00000000 ~~998~~996.~~22677396~~42671802 BF-6 0.00000000 0.00000000 6.~~04166406~~03094938 0.00000000 ~~998~~996.~~22676753~~42671607 RI 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 AV 0.00000000 0.00000000 5.~~94225306~~55864180 0.00000000 ~~938~~931.~~05238285~~73616301 BV-1 0.00000000 0.00000000 5.~~94225677~~91421858 0.00000000 ~~998~~996.~~05876701~~13016407 BV-2 0.00000000 0.00000000 5.~~94225343~~91422660 0.00000000 ~~998~~996.~~05874976~~13016490 BV-3 0.00000000 0.00000000 5.~~94221592~~91426975 0.00000000 ~~998~~996.~~05881594~~13010018 BV-4 0.00000000 0.00000000 5.~~94219073~~91422660 0.00000000 ~~998~~996.~~05881246~~13016490 BV-5 0.00000000 0.00000000 5.~~94226525~~91417536 0.00000000 ~~998~~996.~~05878812~~13011637 BV-6 0.00000000 0.00000000 5.~~93860117~~91428668 0.00000000 ~~997~~996.~~45840864~~13024232 RII 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 1611,~~255~~274,~~406~~259.6729 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 1611,~~255~~274,~~406~~259.6729 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~153~~146,~~692~~986.6923 Payment of Interest and Principal 1611,~~101~~127,~~713~~273.9806 Total Withdrawals (Pool Distribution Amount) 1611,~~255~~274,~~406~~259.6729 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 7067,~~782~~749.8927 MGIC Fee 8279,~~909~~236.8096 Special Servicing Fee 0.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~153~~146,~~692~~986.6923

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 75,000.00 0630.0094 0.00 7574,~~000~~358.0053

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 08 0 0 0 08 0372,246.0079 0.00 0.00 0.00 0372,246.0079 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 08 0 0 0 08 0372,246.0079 0.00 0.00 0.00 0372,246.0079 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~000000~~255428% 0.000000% 0.000000% 0.000000% 0.~~000000~~255428% 0.~~000000~~121366% 0.000000% 0.000000% 0.000000% 0.~~000000~~121366% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~000000~~255428% 0.000000% 0.000000% 0.000000% 0.~~000000~~255428% 0.~~000000~~121366% 0.000000% 0.000000% 0.000000% 0.~~000000~~121366%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I-A No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 02 0 0 0 02 063,062.0092 0.00 0.00 0.00 063,062.0092 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 02 0 0 0 02 063,062.0092 0.00 0.00 0.00 063,062.0092 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~000000~~082068% 0.000000% 0.000000% 0.000000% 0.~~000000~~082068% 0.~~000000~~029746% 0.000000% 0.000000% 0.000000% 0.~~000000~~029746% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~000000~~082068% 0.000000% 0.000000% 0.000000% 0.~~000000~~082068% 0.~~000000~~029746% 0.000000% 0.000000% 0.000000% 0.~~000000~~029746% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I-B No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 01 0 0 0 01 035,568.0002 0.00 0.00 0.00 035,568.0002 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 01 0 0 0 01 035,568.0002 0.00 0.00 0.00 035,568.0002 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~000000~~239234% 0.000000% 0.000000% 0.000000% 0.~~000000~~239234% 0.~~000000~~046763% 0.000000% 0.000000% 0.000000% 0.~~000000~~046763% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~000000~~239234% 0.000000% 0.000000% 0.000000% 0.~~000000~~239234% 0.~~000000~~046763% 0.000000% 0.000000% 0.000000% 0.~~000000~~046763% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 05 0 0 0 05 0273,615.0085 0.00 0.00 0.00 0273,615.0085 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 05 0 0 0 05 0273,615.0085 0.00 0.00 0.00 0273,615.0085 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~000000~~805054% 0.000000% 0.000000% 0.000000% 01.~~000000~~805054% 01.~~000000~~467030% 0.000000% 0.000000% 0.000000% 01.~~000000~~467030% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 01.~~000000~~805054% 0.000000% 0.000000% 0.000000% 01.~~000000~~805054% 01.~~000000~~467030% 0.000000% 0.000000% 0.000000% 01.~~000000~~467030%

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 8.~~282178~~279160% Weighted Average Pass-Through Rate 7.~~722940~~720649% Weighted Average Maturity(Stepdown Calculation ) ~~254~~253 Beginning Scheduled Collateral Loan Count 3,~~313~~203 Number Of Loans Paid In Full ~~110~~71 Ending Scheduled Collateral Loan Count 3,~~203~~132 Beginning Scheduled Collateral Balance ~~329~~315,~~789~~810,~~766~~478.3912 Ending Scheduled Collateral Balance ~~315~~306,~~810~~715,~~478~~090.1205 Ending Actual Collateral Balance at 3130-~~Aug~~Sep-2001 ~~315~~306,~~810~~715,~~478~~090.1205 Monthly P &I Constant 2,~~863~~750,~~872~~468.0677 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 1510,~~896~~880,~~527~~998.6282 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans ~~315~~306,~~617~~522,~~081~~373.8286 Scheduled Principal 571,597.51 Unscheduled Principal 8,523,790.56

Group Level Collateral Statement Group Group I-A Group I-B Group II Collateral Description Mixed Fixed Mixed Fixed Mixed ARM Weighted Average Coupon Rate 8.~~333435~~330183 8.~~261603~~260745 7.~~776585~~756158 Weighted Average Net Rate 8.~~083435~~080183 8.~~011603~~010745 7.~~401585~~381158 Weighted Average Maturity ~~252~~251 ~~265~~264 ~~254~~253 Beginning Loan Count 2,~~583~~502 ~~438~~422 ~~292~~279 Loans Paid In Full 8165 164 132 Ending Loan Count 2,~~502~~437 ~~422~~418 ~~279~~277 Beginning Scheduled Balance ~~229~~220,~~077~~161,~~901~~611.2885 8076,~~775~~877,~~644~~093.7880 1918,~~936~~771,~~190~~772.3347 Ending scheduled Balance ~~220~~212,~~161~~003,~~611~~902.8567 76,~~877~~060,~~093~~175.8040 18,~~771~~651,~~772~~011.4798 Record Date 0809/3130/2001 0809/3130/2001 0809/3130/2001 Principal And Interest Constant 21,~~011~~938,~~441~~484.5317 ~~684~~654,~~533~~380.4324 ~~167~~157,~~897~~604.1036 Scheduled Principal ~~420~~410,~~603~~161.4599 ~~128~~125,~~419~~161.8786 3836,~~700~~273.8766 Unscheduled Principal 87,~~495~~747,~~685~~547.9819 3691,~~770,131~~756.1154 184,~~125,716~~486.9983 Scheduled Interest 1,~~590~~528,~~838~~322.0818 ~~556~~529,~~113~~218.5638 ~~129~~121,~~196~~330.2370 Servicing Fees 4745,~~724~~867.5901 16,~~828~~016.2606 65,~~230~~866.0418 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 6159,~~574~~307.2730 1615,~~835~~701.3363 4,~~500~~228.2914 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 1,~~481~~423,~~539~~147.2287 ~~522~~497,~~449~~500.9769 ~~118~~111,~~465~~236.9038 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 0Pass-Through Rate 7.00756927 07.00765653 07.00110871

Group Level Collateral Statement Group Total Collateral Description Mixed Fixed & Arm Weighted Average Coupon Rate 8.~~282178~~279160 Weighted Average Net Rate 8.~~024623~~021730 Weighted Average Maturity ~~254~~253 Beginning Loan Count 3,~~313~~203 Loans Paid In Full ~~110~~71 Ending Loan Count 3,~~203~~132 Beginning Scheduled Balance ~~329~~315,~~789~~810,~~736~~478.3912 Ending Scheduled Balance ~~315~~306,~~810~~715,~~478~~090.1205 Record Date 0809/3130/2001 Principal And Interest Constant 2,~~863~~750,~~872~~468.0677 Scheduled Principal ~~587~~571,~~724~~597.1951 Unscheduled Principal 138,~~391~~523,~~534~~790.0856 Scheduled Interest 2,~~276~~178,~~147~~871.8726 Servicing Fees 7067,~~782~~749.8925 Master Servicing Fees 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 8279,~~909~~237.8907 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 2,~~122~~031,~~455~~884.0994 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.00 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 7.~~720000~~720649

Filing Compare · UNION PLANTERS MORTGAGE LOAN TRUST SERIES 2001-UP2