8-K 1 sal01up2.txt NOVEMBER 8K 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): November 26, 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 November 26, 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 November 26, 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: 12/3/01 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 November 26, 2001 distribution. EX-99.1

Union Planters Mortgage Loan Trust Mortgage Pass-Through Certificates Record Date: 910/3031/01 Distribution Date: 1011/2526/01 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% ~~204~~196,~~331~~280,~~223~~112.9469 1,~~234~~185,~~501~~859.1401 89,~~051~~026,~~111~~261.2565 AF-2 79548K5X2 SEN 7.25000% 7170,~~228~~431,~~713~~992.2917 ~~430~~425,~~340~~526.1462 ~~796~~2,~~721~~849,942.1261 PO SAL1UP0PO SEN 0.00000% 3,~~229~~135,~~825~~937.4469 0.00 9372,~~887~~940.7549 IO SAL1UP0IO SEN 0.~~58802~~59009% 0.00 ~~145~~141,~~553~~651.3083 0.00 BF-1 SAL1UPBF1 SUB 7.25000% 12,~~836~~812,~~120~~973.1539 77,~~551~~411.5671 23,~~146~~469.7690 BF-2 SAL1UPBF2 SUB 7.25000% 2,~~319~~315,~~780~~597.1904 1413,~~015~~990.3407 4,~~183~~241.1555 BF-3 SAL1UPBF3 SUB 7.25000% 1,~~082~~080,~~563~~611.9582 6,~~540~~528.4970 1,~~952~~979.1439 BF-4 SAL1UPBF4 SUB 7.25000% ~~927~~926,~~911~~238.6742 5,~~606~~596.1302 1,~~673~~696.2662 BF-5 SAL1UPBF5 SUB 7.25000% 463,~~955~~119.8421 2,~~803~~798.0701 ~~836~~848.6331 BF-6 SAL1UPBF6 SUB 7.25000% ~~618~~617,~~611~~495.1766 3,~~737~~730.4470 1,~~115~~131.5108 RI SAL1UP0RI SEN 0.00000% 0.00 0.00 0.00 AV 79548K5Y0 SEN 76.~~11087~~97108% 17,~~597~~479,~~820~~328.49 ~~104~~101,~~279~~541.8754 ~~118~~912,~~492~~365.0013 BV-1 SAL1UPBV1 SUB 76.~~11087~~97108% ~~776~~774,~~001~~502.6716 4,~~598~~499.3727 1,~~499~~533.5159 BV-2 SAL1UPBV2 SUB 76.~~11087~~97108% ~~159~~158,~~180~~872.3980 ~~943~~922.2693 ~~307~~314.5958 BV-3 SAL1UPBV3 SUB 76.~~11087~~97108% 69,~~641~~506.5597 ~~412~~403.6878 ~~134~~137.5763 BV-4 SAL1UPBV4 SUB 76.~~11087~~97108% 79,~~590~~436.2040 ~~471~~461.6346 ~~153~~157.8029 BV-5 SAL1UPBV5 SUB 76.~~11087~~97108% 39,~~794~~717.6070 ~~235~~230.8173 7678.9064 BV-6 SAL1UPBV6 SUB 76.~~11087~~97108% 49,~~743~~647.5846 ~~294~~288.7741 9698.1231 RII SAL1UPRII SEN 0.00000% 0.00 0.00 0.00 Totals ~~315~~306,~~810~~715,~~478~~090.1207 21,~~031~~971,~~885~~440.0079 912,~~095~~897,~~388~~196.0677

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses AF-1 0.00 ~~196~~187,~~280~~253,~~112~~851.6904 910,~~285~~212,~~612~~120.3966 0.00 AF-2 0.00 7067,~~431~~582,~~992~~049.1756 13,~~227~~275,~~061~~469.2623 0.00 PO 0.00 3,~~135~~062,~~937~~997.6922 9372,~~887~~940.7549 0.00 IO 0.00 0.00 ~~145~~141,~~553~~651.3083 0.00 BF-1 0.00 12,~~812~~789,~~973~~503.3949 100,~~698~~881.3261 0.00 BF-2 0.00 2,~~315~~311,~~597~~355.0449 18,~~198~~231.4962 0.00 BF-3 0.00 1,~~080~~078,~~611~~632.8243 8,~~492~~508.6309 0.00 BF-4 0.00 ~~926~~924,~~238~~541.4280 7,~~279~~292.3964 0.00 BF-5 0.00 ~~463~~462,~~119~~270.2190 3,~~639~~646.7032 0.00 BF-6 0.00 ~~617~~616,~~495~~364.6655 4,~~852~~861.9578 0.00 RI 0.00 0.00 0.00 0.00 AV 0.00 1716,~~479~~566,~~328~~963.4936 ~~222~~1,~~771~~013,906.8767 0.00 BV-1 0.00 ~~774~~772,~~502~~968.1657 6,~~097~~032.8886 0.00 BV-2 0.00 158,~~872~~558.8022 1,~~250~~237.8551 0.00 BV-3 0.00 69,~~506~~369.9734 ~~547~~541.2541 0.00 BV-4 0.00 79,~~436~~279.4011 ~~625~~618.4375 0.00 BV-5 0.00 39,~~717~~639.7006 ~~312~~309.7137 0.00 BV-6 0.00 49,~~647~~549.4615 ~~390~~386.8972 0.00 RII 0.00 0.00 0.00 0.00 Totals 0.00 ~~306~~293,~~715~~817,~~090~~893.0729 1114,~~127~~868,~~273~~637.0656 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 ~~204~~196,~~331~~280,~~223~~112.9469 ~~381~~371,~~229~~203.2639 78,~~669~~655,~~881~~058.9926 0.00 0.00 AF-2 75,108,532.00 7170,~~228~~431,~~713~~992.2917 ~~115~~117,~~823~~140.5289 ~~680~~2,~~897~~732,801.6072 0.00 0.00 PO 3,282,872.00 3,~~229~~135,~~825~~937.4469 5,~~363~~277.6257 8867,~~524~~662.1492 0.00 0.00 IO 0.00 0.00 0.00 0.00 0.00 0.00 BF-1 12,858,922.00 12,~~836~~812,~~120~~973.1539 23,~~146~~469.7690 0.00 0.00 0.00 BF-2 2,323,901.00 2,~~319~~315,~~780~~597.1904 4,~~183~~241.1555 0.00 0.00 0.00 BF-3 1,084,487.00 1,~~082~~080,~~563~~611.9582 1,~~952~~979.1439 0.00 0.00 0.00 BF-4 929,560.00 ~~927~~926,~~911~~238.6742 1,~~673~~696.2662 0.00 0.00 0.00 BF-5 464,780.00 463,~~955~~119.8421 ~~836~~848.6331 0.00 0.00 0.00 BF-6 619,710.06 ~~618~~617,~~611~~495.1766 1,~~115~~131.5108 0.00 0.00 0.00 RI 0.00 0.00 0.00 0.00 0.00 0.00 AV 18,759,955.00 17,~~597~~479,~~820~~328.49 34,~~005~~610.1769 84877,~~486~~754.8344 0.00 0.00 BV-1 777,511.00 ~~776~~774,~~001~~502.6716 1,~~499~~533.5159 0.00 0.00 0.00 BV-2 159,490.00 ~~159~~158,~~180~~872.3980 ~~307~~314.5958 0.00 0.00 0.00 BV-3 69,777.00 69,~~641~~506.5597 ~~134~~137.5763 0.00 0.00 0.00 BV-4 79,745.00 79,~~590~~436.2040 ~~153~~157.8029 0.00 0.00 0.00 BV-5 39,872.00 39,~~794~~717.6070 7678.9064 0.00 0.00 0.00 BV-6 49,840.33 49,~~743~~647.5846 9698.1231 0.00 0.00 0.00 RII 0.00 0.00 0.00 0.00 0.00 0.00 Totals 329,789,736.39 ~~315~~306,~~810~~715,~~478~~090.1207 ~~571~~563,~~597~~919.5143 812,~~523~~333,~~790~~277.5634 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 89,~~051~~026,~~111~~261.2565 ~~196~~187,~~280~~253,~~112~~851.6904 0.~~92072142~~87838054 89,~~051~~026,~~111~~261.2565 AF-2 ~~796~~2,~~721~~849,942.1261 7067,~~431~~582,~~992~~049.1756 0.~~93773624~~89979191 ~~796~~2,~~721~~849,942.1261 PO 9372,~~887~~940.7549 3,~~135~~062,~~937~~997.6922 0.~~95524214~~93302365 9372,~~887~~940.7549 IO 0.00 0.00 0.00000000 0.00 BF-1 23,~~146~~469.7690 12,~~812~~789,~~973~~503.3949 0.~~99642671~~99460153 23,~~146~~469.7690 BF-2 4,~~183~~241.1555 2,~~315~~311,~~597~~355.0449 0.~~99642672~~99460153 4,~~183~~241.1555 BF-3 1,~~952~~979.1439 1,~~080~~078,~~611~~632.8243 0.~~99642672~~99460153 1,~~952~~979.1439 BF-4 1,~~673~~696.2662 ~~926~~924,~~238~~541.4280 0.~~99642672~~99460153 1,~~673~~696.2662 BF-5 ~~836~~848.6331 ~~463~~462,~~119~~270.2190 0.~~99642672~~99460153 ~~836~~848.6331 BF-6 1,~~115~~131.5108 ~~617~~616,~~495~~364.6655 0.~~99642672~~99460149 1,~~115~~131.5108 RI 0.00 0.00 0.00000000 0.00 AV ~~118~~912,~~492~~365.0013 1716,~~479~~566,~~328~~963.4936 0.~~93173616~~88310251 ~~118~~912,~~492~~365.0013 BV-1 1,~~499~~533.5159 ~~774~~772,~~502~~968.1657 0.~~99613016~~99415773 1,~~499~~533.5159 BV-2 ~~307~~314.5958 158,~~872~~558.8022 0.~~99613016~~99415775 ~~307~~314.5958 BV-3 ~~134~~137.5763 69,~~506~~369.9734 0.~~99613010~~99415767 ~~134~~137.5763 BV-4 ~~153~~157.8029 79,~~436~~279.4011 0.~~99613016~~99415775 ~~153~~157.8029 BV-5 7678.9064 39,~~717~~639.7006 0.~~99613012~~99415780 7678.9064 BV-6 9698.1231 49,~~647~~549.4615 0.~~99613024~~99415774 9698.1231 RII 0.00 0.00 0.00000000 0.00 Totals 912,~~095~~897,~~388~~196.0677 ~~306~~293,~~715~~817,~~090~~893.0729 0.~~93003225~~89092492 912,~~095~~897,~~388~~196.0677

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 ~~958~~920.~~48801202~~72142174 1.~~78829094~~74126104 3540.~~97829935~~59961775 0.00000000 AF-2 75,108,532.00 ~~948~~937.~~34383516~~73623708 1.~~54208206~~55962162 936.~~06551602~~38470420 0.00000000 PO 3,282,872.00 ~~983~~955.~~84141691~~24214468 1.~~63381941~~60760761 2620.~~96545586~~61089193 0.00000000 IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 BF-1 12,858,922.00 ~~998~~996.~~22676815~~42671369 1.~~80005447~~82518410 0.00000000 0.00000000 BF-2 2,323,901.00 ~~998~~996.~~22677042~~42671525 1.~~80005517~~82518532 0.00000000 0.00000000 BF-3 1,084,487.00 ~~998~~996.~~22676528~~42671604 1.~~80005846~~82518555 0.00000000 0.00000000 BF-4 929,560.00 ~~998~~996.~~22676320~~42671802 1.~~80005594~~82518611 0.00000000 0.00000000 BF-5 464,780.00 ~~998~~996.~~22677396~~42671802 1.~~80005594~~82518611 0.00000000 0.00000000 BF-6 619,710.06 ~~998~~996.~~22676753~~42671607 1.~~80005146~~82517612 0.00000000 0.00000000 RI 0.00 0.00000000 0.00000000 0.00000000 0.00000000 AV 18,759,955.00 ~~938~~931.~~05238285~~73616301 1.~~81264667~~84492394 446.~~50357317~~78872844 0.00000000 BV-1 777,511.00 ~~998~~996.~~05876701~~13016407 1.~~92860294~~97243512 0.00000000 0.00000000 BV-2 159,490.00 ~~998~~996.~~05874976~~13016490 1.~~92858486~~97241206 0.00000000 0.00000000 BV-3 69,777.00 ~~998~~996.~~05881594~~13010018 1.~~92857245~~97242644 0.00000000 0.00000000 BV-4 79,745.00 ~~998~~996.~~05881246~~13016490 1.~~92864756~~97241206 0.00000000 0.00000000 BV-5 39,872.00 ~~998~~996.~~05878812~~13011637 1.~~92867175~~97231140 0.00000000 0.00000000 BV-6 49,840.33 ~~998~~996.~~05880098~~13024232 1.~~92855866~~97249898 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 3742.~~76659028~~34087879 ~~920~~878.~~72142174~~38054295 0.~~92072142~~87838054 3742.~~76659028~~34087879 AF-2 0.00000000 1037.~~60759808~~94432582 ~~937~~899.~~73623708~~79191126 0.~~93773624~~89979191 1037.~~60759808~~94432582 PO 0.00000000 2822.~~59927222~~21849953 ~~955~~933.~~24214468~~02365124 0.~~95524214~~93302365 2822.~~59927222~~21849953 IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 BF-1 0.00000000 1.~~80005447~~82518410 ~~996~~994.~~42671369~~60152958 0.~~99642671~~99460153 1.~~80005447~~82518410 BF-2 0.00000000 1.~~80005517~~82518532 ~~996~~994.~~42671525~~60152993 0.~~99642672~~99460153 1.~~80005517~~82518532 BF-3 0.00000000 1.~~80005846~~82518555 ~~996~~994.~~42671604~~60153049 0.~~99642672~~99460153 1.~~80005846~~82518555 BF-4 0.00000000 1.~~80005594~~82518611 ~~996~~994.~~42671802~~60153191 0.~~99642672~~99460153 1.~~80005594~~82518611 BF-5 0.00000000 1.~~80005594~~82518611 ~~996~~994.~~42671802~~60153191 0.~~99642672~~99460153 1.~~80005594~~82518611 BF-6 0.00000000 1.~~80005146~~82517612 ~~996~~994.~~42671607~~60149154 0.~~99642672~~99460149 1.~~80005146~~82517612 RI 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 AV 0.00000000 648.~~31621984~~63365237 ~~931~~883.~~73616301~~10251064 0.~~93173616~~88310251 648.~~31621984~~63365237 BV-1 0.00000000 1.~~92860294~~97243512 ~~996~~994.~~13016407~~15772896 0.~~99613016~~99415773 1.~~92860294~~97243512 BV-2 0.00000000 1.~~92858486~~97241206 ~~996~~994.~~13016490~~15775284 0.~~99613016~~99415775 1.~~92858486~~97241206 BV-3 0.00000000 1.~~92857245~~97242644 ~~996~~994.~~13010018~~15767373 0.~~99613010~~99415767 1.~~92857245~~97242644 BV-4 0.00000000 1.~~92864756~~97241206 ~~996~~994.~~13016490~~15775284 0.~~99613016~~99415775 1.~~92864756~~97241206 BV-5 0.00000000 1.~~92867175~~97231140 ~~996~~994.~~13011637~~15780498 0.~~99613012~~99415780 1.~~92867175~~97231140 BV-6 0.00000000 1.~~92855866~~97249898 ~~996~~994.~~13024232~~15774334 0.~~99613024~~99415774 1.~~92855866~~97249898 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% ~~204~~196,~~331~~280,~~223~~112.9469 1,~~234~~185,~~501~~859.1401 0.00 0.00 AF-2 75,108,532.00 7.25000% 7170,~~228~~431,~~713~~992.2917 ~~430~~425,~~340~~526.1462 0.00 0.00 PO 3,282,872.00 0.00000% 0.00 0.00 0.00 0.00 IO 0.00 0.~~58802~~59009% ~~297~~288,~~038~~064,~~705~~078.6507 ~~145~~141,~~553~~651.3083 0.00 0.00 BF-1 12,858,922.00 7.25000% 12,~~836~~812,~~120~~973.1539 77,~~551~~411.5671 0.00 0.00 BF-2 2,323,901.00 7.25000% 2,~~319~~315,~~780~~597.1904 1413,~~015~~990.3407 0.00 0.00 BF-3 1,084,487.00 7.25000% 1,~~082~~080,~~563~~611.9582 6,~~540~~528.4970 0.00 0.00 BF-4 929,560.00 7.25000% ~~927~~926,~~911~~238.6742 5,~~606~~596.1302 0.00 0.00 BF-5 464,780.00 7.25000% 463,~~955~~119.8421 2,~~803~~798.0701 0.00 0.00 BF-6 619,710.06 7.25000% ~~618~~617,~~611~~495.1766 3,~~737~~730.4470 0.00 0.00 RI 0.00 0.00000% 0.00 0.00 0.00 0.00 AV 18,759,955.00 76.~~11087~~97108% 17,~~597~~479,~~820~~328.49 ~~104~~101,~~279~~541.8754 0.00 0.00 BV-1 777,511.00 76.~~11087~~97108% ~~776~~774,~~001~~502.6716 4,~~598~~499.3727 0.00 0.00 BV-2 159,490.00 76.~~11087~~97108% ~~159~~158,~~180~~872.3980 ~~943~~922.2693 0.00 0.00 BV-3 69,777.00 76.~~11087~~97108% 69,~~641~~506.5597 ~~412~~403.6878 0.00 0.00 BV-4 79,745.00 76.~~11087~~97108% 79,~~590~~436.2040 ~~471~~461.6346 0.00 0.00 BV-5 39,872.00 76.~~11087~~97108% 39,~~794~~717.6070 ~~235~~230.8173 0.00 0.00 BV-6 49,840.33 76.~~11087~~97108% 49,~~743~~647.5846 ~~294~~288.7741 0.00 0.00 RII 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 329,789,736.39 21,~~031~~971,~~885~~440.0079 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,~~234~~185,~~501~~859.1401 0.00 ~~196~~187,~~280~~253,~~112~~851.6904 AF-2 0.00 0.00 ~~430~~425,~~340~~526.1462 0.00 7067,~~431~~582,~~992~~049.1756 PO 0.00 0.00 0.00 0.00 0.00 IO 0.00 0.00 ~~145~~141,~~553~~651.3083 0.00 ~~288~~276,~~064~~081,~~078~~566.0747 BF-1 0.00 0.00 77,~~551~~411.5671 0.00 12,~~812~~789,~~973~~503.3949 BF-2 0.00 0.00 1413,~~015~~990.3407 0.00 2,~~315~~311,~~597~~355.0449 BF-3 0.00 0.00 6,~~540~~528.4970 0.00 1,~~080~~078,~~611~~632.8243 BF-4 0.00 0.00 5,~~606~~596.1302 0.00 ~~926~~924,~~238~~541.4280 BF-5 0.00 0.00 2,~~803~~798.0701 0.00 ~~463~~462,~~119~~270.2190 BF-6 0.00 0.00 3,~~737~~730.4470 0.00 ~~617~~616,~~495~~364.6655 RI 0.00 0.00 0.00 0.00 0.00 AV 0.00 0.00 ~~104~~101,~~279~~541.8754 0.00 1716,~~479~~566,~~328~~963.4936 BV-1 0.00 0.00 4,~~598~~499.3727 0.00 ~~774~~772,~~502~~968.1657 BV-2 0.00 0.00 ~~943~~922.2693 0.00 158,~~872~~558.8022 BV-3 0.00 0.00 ~~412~~403.6878 0.00 69,~~506~~369.9734 BV-4 0.00 0.00 ~~471~~461.6346 0.00 79,~~436~~279.4011 BV-5 0.00 0.00 ~~235~~230.8173 0.00 39,~~717~~639.7006 BV-6 0.00 0.00 ~~294~~288.7741 0.00 49,~~647~~549.4615 RII 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 21,~~031~~971,~~885~~440.0079 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% ~~958~~920.~~48801202~~72142174 5.~~79086505~~56269190 0.00000000 0.00000000 AF-2 75,108,532.00 7.25000% ~~948~~937.~~34383516~~73623708 5.~~72957730~~66548977 0.00000000 0.00000000 PO 3,282,872.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 IO 0.00 0.~~58802~~59009% ~~958~~929.~~64226641~~67817129 0.~~46974870~~45715736 0.00000000 0.00000000 BF-1 12,858,922.00 7.25000% ~~998~~996.~~22676815~~42671369 6.~~03095345~~02007773 0.00000000 0.00000000 BF-2 2,323,901.00 7.25000% ~~998~~996.~~22677042~~42671525 6.~~03095399~~02008003 0.00000000 0.00000000 BF-3 1,084,487.00 7.25000% ~~998~~996.~~22676528~~42671604 6.~~03095288~~02008138 0.00000000 0.00000000 BF-4 929,560.00 7.25000% ~~998~~996.~~22676320~~42671802 6.~~03095013~~02007401 0.00000000 0.00000000 BF-5 464,780.00 7.25000% ~~998~~996.~~22677396~~42671802 6.~~03096088~~02007401 0.00000000 0.00000000 BF-6 619,710.06 7.25000% ~~998~~996.~~22676753~~42671607 6.~~03094938~~02007332 0.00000000 0.00000000 RI 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 AV 18,759,955.00 76.~~11087~~97108% ~~938~~931.~~05238285~~73616301 5.~~55864180~~41267503 0.00000000 0.00000000 BV-1 777,511.00 76.~~11087~~97108% ~~998~~996.~~05876701~~13016407 5.~~91421858~~78676057 0.00000000 0.00000000 BV-2 159,490.00 76.~~11087~~97108% ~~998~~996.~~05874976~~13016490 5.~~91422660~~78675779 0.00000000 0.00000000 BV-3 69,777.00 76.~~11087~~97108% ~~998~~996.~~05881594~~13010018 5.~~91426975~~78672055 0.00000000 0.00000000 BV-4 79,745.00 76.~~11087~~97108% ~~998~~996.~~05881246~~13016490 5.~~91422660~~78669509 0.00000000 0.00000000 BV-5 39,872.00 76.~~11087~~97108% ~~998~~996.~~05878812~~13011637 5.~~91417536~~78676766 0.00000000 0.00000000 BV-6 49,840.33 76.~~11087~~97108% ~~998~~996.~~05880098~~13024232 5.~~91428668~~78667918 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 5.~~79086505~~56269190 0.00000000 ~~920~~878.~~72142174~~38054295 AF-2 0.00000000 0.00000000 5.~~72957730~~66548977 0.00000000 ~~937~~899.~~73623708~~79191126 PO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 IO 0.00000000 0.00000000 0.~~46974870~~45715736 0.00000000 ~~929~~891.~~67817129~~00663840 BF-1 0.00000000 0.00000000 6.~~03095345~~02007773 0.00000000 ~~996~~994.~~42671369~~60152958 BF-2 0.00000000 0.00000000 6.~~03095399~~02008003 0.00000000 ~~996~~994.~~42671525~~60152993 BF-3 0.00000000 0.00000000 6.~~03095288~~02008138 0.00000000 ~~996~~994.~~42671604~~60153049 BF-4 0.00000000 0.00000000 6.~~03095013~~02007401 0.00000000 ~~996~~994.~~42671802~~60153191 BF-5 0.00000000 0.00000000 6.~~03096088~~02007401 0.00000000 ~~996~~994.~~42671802~~60153191 BF-6 0.00000000 0.00000000 6.~~03094938~~02007332 0.00000000 ~~996~~994.~~42671607~~60149154 RI 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 AV 0.00000000 0.00000000 5.~~55864180~~41267503 0.00000000 ~~931~~883.~~73616301~~10251064 BV-1 0.00000000 0.00000000 5.~~91421858~~78676057 0.00000000 ~~996~~994.~~13016407~~15772896 BV-2 0.00000000 0.00000000 5.~~91422660~~78675779 0.00000000 ~~996~~994.~~13016490~~15775284 BV-3 0.00000000 0.00000000 5.~~91426975~~78672055 0.00000000 ~~996~~994.~~13010018~~15767373 BV-4 0.00000000 0.00000000 5.~~91422660~~78669509 0.00000000 ~~996~~994.~~13016490~~15775284 BV-5 0.00000000 0.00000000 5.~~91417536~~78676766 0.00000000 ~~996~~994.~~13011637~~15780498 BV-6 0.00000000 0.00000000 5.~~91428668~~78667918 0.00000000 ~~996~~994.~~13024232~~15774334 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 1115,~~274~~011,~~259~~174.2952 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 1115,~~274~~011,~~259~~174.2952 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~146~~142,~~986~~536.2396 Payment of Interest and Principal 1114,~~127~~868,~~273~~637.0656 Total Withdrawals (Pool Distribution Amount) 1115,~~274~~011,~~259~~174.2952 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 6765,~~749~~841.2785 MGIC Fee 7976,~~236~~695.9611 ~~Special Servicing Fee 0.00~~ Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~146~~142,~~986~~536.2396

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 7574,~~000~~358.0053 ~~630~~336.9410 0.00 74,~~358~~022.5343

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 825 0 0 0 825 ~~372~~1,~~246~~890,355.7941 0.00 0.00 0.00 ~~372~~1,~~246~~890,355.7941 60 Days 03 0 0 0 03 0232,074.0044 0.00 0.00 0.00 0232,074.0044 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 828 0 0 0 828 ~~372~~2,~~246~~122,429.7985 0.00 0.00 0.00 ~~372~~2,~~246~~122,429.7985 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.~~255428~~824810% 0.000000% 0.000000% 0.000000% 0.~~255428~~824810% 0.~~121366~~643377% 0.000000% 0.000000% 0.000000% 0.~~121366~~643377% 60 Days 0.~~000000~~098977% 0.000000% 0.000000% 0.000000% 0.~~000000~~098977% 0.~~000000~~078986% 0.000000% 0.000000% 0.000000% 0.~~000000~~078986% 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.~~255428~~923788% 0.000000% 0.000000% 0.000000% 0.~~255428~~923788% 0.~~121366~~722362% 0.000000% 0.000000% 0.000000% 0.~~121366~~722362%

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 216 0 0 0 216 631,~~062~~256,417.9278 0.00 0.00 0.00 631,~~062~~256,417.9278 60 Days 03 0 0 0 03 0232,074.0044 0.00 0.00 0.00 0232,074.0044 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 219 0 0 0 219 631,~~062~~488,492.9222 0.00 0.00 0.00 631,~~062~~488,492.9222 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~082068~~679406% 0.000000% 0.000000% 0.000000% 0.~~082068~~679406% 0.~~029746~~619270% 0.000000% 0.000000% 0.000000% 0.~~029746~~619270% 60 Days 0.~~000000~~127389% 0.000000% 0.000000% 0.000000% 0.~~000000~~127389% 0.~~000000~~114386% 0.000000% 0.000000% 0.000000% 0.~~000000~~114386% 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.~~082068~~806794% 0.000000% 0.000000% 0.000000% 0.~~082068~~806794% 0.~~029746~~733656% 0.000000% 0.000000% 0.000000% 0.~~029746~~733656% 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 16 0 0 0 16 35473,~~568~~185.0260 0.00 0.00 0.00 35473,~~568~~185.0260 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 16 0 0 0 16 35473,~~568~~185.0260 0.00 0.00 0.00 35473,~~568~~185.0260 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~239234~~477833% 0.000000% 0.000000% 0.000000% 01.~~239234~~477833% 0.~~046763~~646477% 0.000000% 0.000000% 0.000000% 0.~~046763~~646477% 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.~~239234~~477833% 0.000000% 0.000000% 0.000000% 01.~~239234~~477833% 0.~~046763~~646477% 0.000000% 0.000000% 0.000000% 0.~~046763~~646477% 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 53 0 0 0 53 ~~273~~160,~~615~~752.8503 0.00 0.00 0.00 ~~273~~160,~~615~~752.8503 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 53 0 0 0 53 ~~273~~160,~~615~~752.8503 0.00 0.00 0.00 ~~273~~160,~~615~~752.8503 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~805054~~111111% 0.000000% 0.000000% 0.000000% 1.~~805054~~111111% 10.~~467030~~906343% 0.000000% 0.000000% 0.000000% 10.~~467030~~906343% 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 1.~~805054~~111111% 0.000000% 0.000000% 0.000000% 1.~~805054~~111111% 10.~~467030~~906343% 0.000000% 0.000000% 0.000000% 10.~~467030~~906343%

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 8.~~279160~~270781% Weighted Average Pass-Through Rate 7.~~720649~~713116% Weighted Average Maturity(Stepdown Calculation ) ~~253~~252 Beginning Scheduled Collateral Loan Count 3,~~203~~132 Number Of Loans Paid In Full 71101 Ending Scheduled Collateral Loan Count 3,~~132~~031 Beginning Scheduled Collateral Balance ~~315~~306,~~810~~715,~~478~~090.1205 Ending Scheduled Collateral Balance ~~306~~293,~~715~~817,~~090~~893.0528 Ending Actual Collateral Balance at 3031-~~Sep~~Oct-2001 ~~306~~293,~~715~~817,~~090~~893.0528 Monthly P &I Constant 2,~~750~~677,~~468~~897.7723 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 1014,~~880~~643,~~998~~148.8239 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans ~~306~~191,~~522~~258,~~373~~208.8630 Scheduled Principal ~~571~~563,~~597~~919.5143 Unscheduled Principal 812,~~523~~333,~~790~~277.5634

Group I Bankruptcy Amount $100,000.00 Group I Fraud Loss Amount $6,197,070.92 Group I Special Hazard Amount $3,098,535.46 Group II Bankruptcy Amount $100,000.00 Group II Fraud Loss Amount $398,723.81 Group II Special Hazard Amount $199,361.90

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.~~330183~~331460 8.~~260745~~262259 7.~~756158~~615800 Weighted Average Net Rate 8.~~080183~~081460 8.~~010745~~012259 7.~~381158~~240798 Weighted Average Maturity ~~251~~250 ~~264~~263 ~~253~~252 Beginning Loan Count 2,~~502~~437 ~~422~~418 ~~279~~277 Loans Paid In Full 6582 412 27 Ending Loan Count 2,~~437~~355 ~~418~~406 ~~277~~270 Beginning Scheduled Balance ~~220~~212,~~161~~003,~~611~~902.8567 76,~~877~~060,~~093~~175.8040 18,~~771~~651,~~772~~011.4798 Ending scheduled Balance ~~212~~202,~~003~~887,~~902~~049.6777 7673,~~060~~194,~~175~~516.4070 1817,~~651~~736,~~011~~326.9881 Record Date 0910/3031/2001 0910/3031/2001 0910/3031/2001 Principal And Interest Constant 1,~~938~~872,~~484~~247.1743 ~~654~~650,~~380~~350.2442 ~~157~~155,~~604~~299.3638 Scheduled Principal ~~410~~400,~~161~~329.9903 ~~125~~126,~~161~~659.8667 36,~~273~~930.6673 Unscheduled Principal 78,~~747~~716,~~547~~523.1987 ~~691~~2,~~756~~738,999.5403 84877,~~486~~754.8344 Scheduled Interest 1,~~528~~471,~~322~~918.1840 ~~529~~523,~~218~~690.3875 ~~121~~118,~~330~~368.7065 Servicing Fees 4544,~~867~~167.0151 1615,~~016~~845.0687 5,~~866~~828.1847 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 5957,~~307~~006.3095 15,~~701~~496.6320 4,~~228~~192.1409 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,~~423~~370,~~147~~743.8794 ~~497~~492,~~500~~348.6968 ~~111~~108,~~236~~348.3809 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 Pass-Through Rate 7.~~756927~~758785 7.~~765653~~767776 76.~~110871~~971083

Group Level Collateral Statement Group Total Collateral Description Mixed Fixed & Arm Weighted Average Coupon Rate 8.~~279160~~270781 Weighted Average Net Rate 8.~~021730~~013180 Weighted Average Maturity ~~253~~252 Beginning Loan Count 3,~~203~~132 Loans Paid In Full 71101 Ending Loan Count 3,~~132~~031 Beginning Scheduled Balance ~~315~~306,~~810~~715,~~478~~090.1205 Ending ~~Scheduled~~scheduled Balance ~~306~~293,~~715~~817,~~090~~893.0528 Record Date 0910/3031/2001 Principal And Interest Constant 2,~~750~~677,~~468~~897.7723 Scheduled Principal ~~571~~563,~~597~~919.5143 Unscheduled Principal 812,~~523~~333,~~790~~277.5634 Scheduled Interest 2,~~178~~113,~~871~~977.2680 Servicing Fees 6765,~~749~~841.2585 Master Servicing Fees 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 7976,~~237~~695.0724 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 21,~~031~~971,~~884~~440.9471 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.~~720649~~713116

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