8-K 1 sal01up2.txt DECEMBER 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): December 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 December 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 December 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: 1/9/02 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 December 26, 2001 distribution. EX-99.1

Union Planters Mortgage Loan Trust Mortgage Pass-Through Certificates Record Date: 1011/3130/01 Distribution Date: 1112/26/01 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% ~~196~~187,~~280~~253,~~112~~851.6904 1,~~185~~131,~~859~~325.0135 911,~~026~~678,~~261~~518.6544 AF-2 79548K5X2 SEN 7.25000% 7067,~~431~~582,~~992~~049.1756 ~~425~~408,~~526~~308.6222 25,~~849~~160,~~942~~391.6120 PO SAL1UP0PO SEN 0.00000% 3,~~135~~062,~~937~~997.6922 0.00 72149,~~940~~712.4916 IO SAL1UP0IO SEN 0.~~59009~~59405% 0.00 ~~141~~136,~~651~~672.8311 0.00 BF-1 SAL1UPBF1 SUB 7.25000% 12,~~812~~789,~~973~~503.3949 77,~~411~~269.7192 23,~~469~~912.9059 BF-2 SAL1UPBF2 SUB 7.25000% 2,~~315~~311,~~597~~355.0449 13,~~990~~964.0744 4,~~241~~321.55 BF-3 SAL1UPBF3 SUB 7.25000% 1,~~080~~078,~~611~~632.8243 6,~~528~~516.7074 12,~~979~~016.3972 BF-4 SAL1UPBF4 SUB 7.25000% ~~926~~924,~~238~~541.4280 5,~~596~~585.0277 1,~~696~~728.62 BF-5 SAL1UPBF5 SUB 7.25000% ~~463~~462,~~119~~270.2190 2,~~798~~792.0189 ~~848~~864.31 BF-6 SAL1UPBF6 SUB 7.25000% ~~617~~616,~~495~~364.6655 3,~~730~~723.7087 1,~~131~~152.0842 RI SAL1UP0RI SEN 0.00000% 0.00 0.00 0.00 AV 79548K5Y0 SEN 6.~~97108~~87054% 1716,~~479~~566,~~328~~963.4936 ~~101~~94,~~541~~853.5434 ~~912~~266,~~365~~991.1364 BV-1 SAL1UPBV1 SUB 6.~~97108~~87054% ~~774~~772,~~502~~968.1657 4,~~499~~425.2759 1,~~533~~587.5934 BV-2 SAL1UPBV2 SUB 6.~~97108~~87054% 158,~~872~~558.8022 ~~922~~907.9382 ~~314~~325.5861 BV-3 SAL1UPBV3 SUB 6.~~97108~~87054% 69,~~506~~369.9734 ~~403~~397.7817 ~~137~~142.6345 BV-4 SAL1UPBV4 SUB 6.~~97108~~87054% 79,~~436~~279.4011 ~~461~~453.4691 ~~157~~162.2980 BV-5 SAL1UPBV5 SUB 6.~~97108~~87054% 39,~~717~~639.7006 ~~230~~226.7395 7881.6440 BV-6 SAL1UPBV6 SUB 6.~~97108~~87054% 49,~~647~~549.4615 ~~288~~283.4169 98101.3175 RII SAL1UPRII SEN 0.00000% 0.00 0.00 0.00 Totals ~~306~~293,~~715~~817,~~090~~893.0729 1,~~971~~887,~~440~~707.7978 1217,~~897~~292,~~196~~011.7700

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses AF-1 0.00 ~~187~~175,~~253~~575,~~851~~332.0459 1012,~~212~~809,~~120~~843.6679 0.00 AF-2 0.00 6762,~~582~~421,~~049~~658.5636 35,~~275~~568,~~469~~699.2342 0.00 PO 0.00 32,~~062~~913,~~997~~285.2206 72149,~~940~~712.4916 0.00 IO 0.00 0.00 ~~141~~136,~~651~~672.8311 0.00 BF-1 0.00 12,~~789~~765,~~503~~590.4990 ~~100~~101,~~881~~182.6151 0.00 BF-2 0.00 2,~~311~~307,~~355~~033.4994 18,~~231~~285.6299 0.00 BF-3 0.00 1,~~078~~076,~~632~~615.4371 8,~~508~~533.0946 0.00 BF-4 0.00 ~~924~~922,~~541~~813.8018 7,~~292~~314.6439 0.00 BF-5 0.00 ~~462~~461,~~270~~406.9059 3,~~646~~657.3220 0.00 BF-6 0.00 ~~616~~615,~~364~~212.5513 4,~~861~~876.7829 0.00 RI 0.00 0.00 0.00 0.00 AV 0.00 16,~~566~~299,~~963~~971.3672 1361,~~013,906~~844.6798 0.00 BV-1 0.00 ~~772~~771,~~968~~381.5723 6,~~032~~012.8693 0.00 BV-2 0.00 158,~~558~~232.2261 1,~~237~~233.5143 0.00 BV-3 0.00 69,~~369~~226.3489 ~~541~~539.4162 0.00 BV-4 0.00 79,~~279~~116.1130 ~~618~~616.7571 0.00 BV-5 0.00 39,~~639~~557.0666 ~~309~~308.3735 0.00 BV-6 0.00 49,~~549~~447.1540 ~~386~~385.7244 0.00 RII 0.00 0.00 0.00 0.00 Totals 0.00 ~~293~~276,~~817~~525,~~893~~882.2927 1419,~~868~~179,~~637~~718.5678 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 ~~196~~187,~~280~~253,~~112~~851.6904 ~~371~~359,~~203~~532.3972 811,~~655~~318,~~058~~985.2672 0.00 0.00 AF-2 75,108,532.00 7067,~~431~~582,~~992~~049.1756 ~~117~~116,~~140~~720.8916 25,~~732~~043,~~801~~671.7204 0.00 0.00 PO 3,282,872.00 3,~~135~~062,~~937~~997.6922 5,~~277~~228.5719 67144,~~662~~483.9296 0.00 0.00 IO 0.00 0.00 0.00 0.00 0.00 0.00 BF-1 12,858,922.00 12,~~812~~789,~~973~~503.3949 23,~~469~~912.9059 0.00 0.00 0.00 BF-2 2,323,901.00 2,~~315~~311,~~597~~355.0449 4,~~241~~321.55 0.00 0.00 0.00 BF-3 1,084,487.00 1,~~080~~078,~~611~~632.8243 12,~~979~~016.3972 0.00 0.00 0.00 BF-4 929,560.00 ~~926~~924,~~238~~541.4280 1,~~696~~728.62 0.00 0.00 0.00 BF-5 464,780.00 ~~463~~462,~~119~~270.2190 ~~848~~864.31 0.00 0.00 0.00 BF-6 619,710.06 ~~617~~616,~~495~~364.6655 1,~~131~~152.0842 0.00 0.00 0.00 RI 0.00 0.00 0.00 0.00 0.00 0.00 AV 18,759,955.00 1716,~~479~~566,~~328~~963.4936 34,~~610~~021.6931 ~~877~~232,~~754~~970.4433 0.00 0.00 BV-1 777,511.00 ~~774~~772,~~502~~968.1657 1,~~533~~587.5934 0.00 0.00 0.00 BV-2 159,490.00 158,~~872~~558.8022 ~~314~~325.5861 0.00 0.00 0.00 BV-3 69,777.00 69,~~506~~369.9734 ~~137~~142.6345 0.00 0.00 0.00 BV-4 79,745.00 79,~~436~~279.4011 ~~157~~162.2980 0.00 0.00 0.00 BV-5 39,872.00 39,~~717~~639.7006 7881.6440 0.00 0.00 0.00 BV-6 49,840.33 49,~~647~~549.4615 98101.3175 0.00 0.00 0.00 RII 0.00 0.00 0.00 0.00 0.00 0.00 Totals 329,789,736.39 ~~306~~293,~~715~~817,~~090~~893.0729 ~~563~~551,~~919~~899.4394 1216,~~333~~740,~~277~~111.3405 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-1 911,~~026~~678,~~261~~518.6544 ~~187~~175,~~253~~575,~~851~~332.0459 0.~~87838054~~82359831 911,~~026~~678,~~261~~518.6544 AF-2 25,~~849~~160,~~942~~391.6120 6762,~~582~~421,~~049~~658.5636 0.~~89979191~~83108612 25,~~849~~160,~~942~~391.6120 PO 72149,~~940~~712.4916 32,~~062~~913,~~997~~285.2206 0.~~93302365~~88741963 72149,~~940~~712.4916 IO 0.00 0.00 0.00000000 0.00 BF-1 23,~~469~~912.9059 12,~~789~~765,~~503~~590.4990 0.~~99460153~~99274192 23,~~469~~912.9059 BF-2 4,~~241~~321.55 2,~~311~~307,~~355~~033.4994 0.~~99460153~~99274192 4,~~241~~321.55 BF-3 12,~~979~~016.3972 1,~~078~~076,~~632~~615.4371 0.~~99460153~~99274192 12,~~979~~016.3972 BF-4 1,~~696~~728.62 ~~924~~922,~~541~~813.8018 0.~~99460153~~99274192 1,~~696~~728.62 BF-5 ~~848~~864.31 ~~462~~461,~~270~~406.9059 0.~~99460153~~99274192 ~~848~~864.31 BF-6 1,~~131~~152.0842 ~~616~~615,~~364~~212.5513 0.~~99460149~~99274188 1,~~131~~152.0842 RI 0.00 0.00 0.00000000 0.00 AV ~~912~~266,~~365~~991.1364 16,~~566~~299,~~963~~971.3672 0.~~88310251~~86887051 ~~912~~266,~~365~~991.1364 BV-1 1,~~533~~587.5934 ~~772~~771,~~968~~381.5723 0.~~99415773~~99211616 1,~~533~~587.5934 BV-2 ~~314~~325.5861 158,~~558~~232.2261 0.~~99415775~~99211618 ~~314~~325.5861 BV-3 ~~137~~142.6345 69,~~369~~226.3489 0.~~99415767~~99211617 ~~137~~142.6345 BV-4 ~~157~~162.2980 79,~~279~~116.1130 0.~~99415775~~99211612 ~~157~~162.2980 BV-5 7881.6440 39,~~639~~557.0666 0.~~99415780~~99211627 7881.6440 BV-6 98101.3175 49,~~549~~447.1540 0.~~99415774~~99211622 98101.3175 RII 0.00 0.00 0.00000000 0.00 Totals 1217,~~897~~292,~~196~~011.7700 ~~293~~276,~~817~~525,~~893~~882.2927 0.~~89092492~~83849147 1217,~~897~~292,~~196~~011.7700

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 ~~920~~878.~~72142174~~38054295 1.~~74126104~~68651563 4053.~~59961775~~09571348 0.00000000 AF-2 75,108,532.00 ~~937~~899.~~73623708~~79191126 1.~~55962162~~55401999 3667.~~38470420~~15177232 0.00000000 PO 3,282,872.00 ~~955~~933.~~24214468~~02365124 1.~~60760761~~59256590 2044.~~61089193~~01145095 0.00000000 IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 BF-1 12,858,922.00 ~~996~~994.~~42671369~~60152958 1.~~82518410~~85961078 0.00000000 0.00000000 BF-2 2,323,901.00 ~~996~~994.~~42671525~~60152993 1.~~82518532~~85961020 0.00000000 0.00000000 BF-3 1,084,487.00 ~~996~~994.~~42671604~~60153049 1.~~82518555~~85960735 0.00000000 0.00000000 BF-4 929,560.00 ~~996~~994.~~42671802~~60153191 1.~~82518611~~85961100 0.00000000 0.00000000 BF-5 464,780.00 ~~996~~994.~~42671802~~60153191 1.~~82518611~~85961100 0.00000000 0.00000000 BF-6 619,710.06 ~~996~~994.~~42671607~~60149154 1.~~82517612~~85961157 0.00000000 0.00000000 RI 0.00 0.00000000 0.00000000 0.00000000 0.00000000 AV 18,759,955.00 ~~931~~883.~~73616301~~10251064 1.~~84492394~~81350702 4612.~~78872844~~41849088 0.00000000 BV-1 777,511.00 ~~996~~994.~~13016407~~15772896 12.~~97243512~~04156597 0.00000000 0.00000000 BV-2 159,490.00 ~~996~~994.~~13016490~~15775284 12.~~97241206~~04157000 0.00000000 0.00000000 BV-3 69,777.00 ~~996~~994.~~13010018~~15767373 12.~~97242644~~04150365 0.00000000 0.00000000 BV-4 79,745.00 ~~996~~994.~~13016490~~15775284 12.~~97241206~~04150730 0.00000000 0.00000000 BV-5 39,872.00 ~~996~~994.~~13011637~~15780498 12.~~97231140~~04153291 0.00000000 0.00000000 BV-6 49,840.33 ~~996~~994.~~13024232~~15774334 12.~~97249898~~04151939 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 4254.~~34087879~~78222910 ~~878~~823.~~38054295~~59831380 0.~~87838054~~82359831 4254.~~34087879~~78222910 AF-2 0.00000000 3768.~~94432582~~70579231 ~~899~~831.~~79191126~~08611895 0.~~89979191~~83108612 3768.~~94432582~~70579231 PO 0.00000000 2245.~~21849953~~60401989 ~~933~~887.~~02365124~~41963135 0.~~93302365~~88741963 2245.~~21849953~~60401989 IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 BF-1 0.00000000 1.~~82518410~~85961078 ~~994~~992.~~60152958~~74191880 0.~~99460153~~99274192 1.~~82518410~~85961078 BF-2 0.00000000 1.~~82518532~~85961020 ~~994~~992.~~60152993~~74191973 0.~~99460153~~99274192 1.~~82518532~~85961020 BF-3 0.00000000 1.~~82518555~~85960735 ~~994~~992.~~60153049~~74192314 0.~~99460153~~99274192 1.~~82518555~~85960735 BF-4 0.00000000 1.~~82518611~~85961100 ~~994~~992.~~60153191~~74192091 0.~~99460153~~99274192 1.~~82518611~~85961100 BF-5 0.00000000 1.~~82518611~~85961100 ~~994~~992.~~60153191~~74192091 0.~~99460153~~99274192 1.~~82518611~~85961100 BF-6 0.00000000 1.~~82517612~~85961157 ~~994~~992.~~60149154~~74187997 0.~~99460149~~99274188 1.~~82517612~~85961157 RI 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 AV 0.00000000 4814.~~63365237~~23199789 ~~883~~868.~~10251064~~87051275 0.~~88310251~~86887051 4814.~~63365237~~23199789 BV-1 0.00000000 12.~~97243512~~04156597 ~~994~~992.~~15772896~~11616299 0.~~99415773~~99211616 12.~~97243512~~04156597 BV-2 0.00000000 12.~~97241206~~04157000 ~~994~~992.~~15775284~~11618283 0.~~99415775~~99211618 12.~~97241206~~04157000 BV-3 0.00000000 12.~~97242644~~04150365 ~~994~~992.~~15767373~~11617008 0.~~99415767~~99211617 12.~~97242644~~04150365 BV-4 0.00000000 12.~~97241206~~04150730 ~~994~~992.~~15775284~~11612013 0.~~99415775~~99211612 12.~~97241206~~04150730 BV-5 0.00000000 12.~~97231140~~04153291 ~~994~~992.~~15780498~~11627207 0.~~99415780~~99211627 12.~~97231140~~04153291 BV-6 0.00000000 12.~~97249898~~04151939 ~~994~~992.~~15774334~~11622395 0.~~99415774~~99211622 12.~~97249898~~04151939 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% ~~196~~187,~~280~~253,~~112~~851.6904 1,~~185~~131,~~859~~325.0135 0.00 0.00 AF-2 75,108,532.00 7.25000% 7067,~~431~~582,~~992~~049.1756 ~~425~~408,~~526~~308.6222 0.00 0.00 PO 3,282,872.00 0.00000% 0.00 0.00 0.00 0.00 IO 0.00 0.~~59009~~59405% ~~288~~276,~~064~~081,~~078~~566.0747 ~~141~~136,~~651~~672.8311 0.00 0.00 BF-1 12,858,922.00 7.25000% 12,~~812~~789,~~973~~503.3949 77,~~411~~269.7192 0.00 0.00 BF-2 2,323,901.00 7.25000% 2,~~315~~311,~~597~~355.0449 13,~~990~~964.0744 0.00 0.00 BF-3 1,084,487.00 7.25000% 1,~~080~~078,~~611~~632.8243 6,~~528~~516.7074 0.00 0.00 BF-4 929,560.00 7.25000% ~~926~~924,~~238~~541.4280 5,~~596~~585.0277 0.00 0.00 BF-5 464,780.00 7.25000% ~~463~~462,~~119~~270.2190 2,~~798~~792.0189 0.00 0.00 BF-6 619,710.06 7.25000% ~~617~~616,~~495~~364.6655 3,~~730~~723.7087 0.00 0.00 RI 0.00 0.00000% 0.00 0.00 0.00 0.00 AV 18,759,955.00 6.~~97108~~87054% 1716,~~479~~566,~~328~~963.4936 ~~101~~94,~~541~~853.5434 0.00 0.00 BV-1 777,511.00 6.~~97108~~87054% ~~774~~772,~~502~~968.1657 4,~~499~~425.2759 0.00 0.00 BV-2 159,490.00 6.~~97108~~87054% 158,~~872~~558.8022 ~~922~~907.9382 0.00 0.00 BV-3 69,777.00 6.~~97108~~87054% 69,~~506~~369.9734 ~~403~~397.7817 0.00 0.00 BV-4 79,745.00 6.~~97108~~87054% 79,~~436~~279.4011 ~~461~~453.4691 0.00 0.00 BV-5 39,872.00 6.~~97108~~87054% 39,~~717~~639.7006 ~~230~~226.7395 0.00 0.00 BV-6 49,840.33 6.~~97108~~87054% 49,~~647~~549.4615 ~~288~~283.4169 0.00 0.00 RII 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 329,789,736.39 1,~~971~~887,~~440~~707.7978 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,~~185~~131,~~859~~325.0135 0.00 ~~187~~175,~~253~~575,~~851~~332.0459 AF-2 0.00 0.00 ~~425~~408,~~526~~308.6222 0.00 6762,~~582~~421,~~049~~658.5636 PO 0.00 0.00 0.00 0.00 0.00 IO 0.00 0.00 ~~141~~136,~~651~~672.8311 0.00 ~~276~~259,~~081~~058,~~566~~948.4746 BF-1 0.00 0.00 77,~~411~~269.7192 0.00 12,~~789~~765,~~503~~590.4990 BF-2 0.00 0.00 13,~~990~~964.0744 0.00 2,~~311~~307,~~355~~033.4994 BF-3 0.00 0.00 6,~~528~~516.7074 0.00 1,~~078~~076,~~632~~615.4371 BF-4 0.00 0.00 5,~~596~~585.0277 0.00 ~~924~~922,~~541~~813.8018 BF-5 0.00 0.00 2,~~798~~792.0189 0.00 ~~462~~461,~~270~~406.9059 BF-6 0.00 0.00 3,~~730~~723.7087 0.00 ~~616~~615,~~364~~212.5513 RI 0.00 0.00 0.00 0.00 0.00 AV 0.00 0.00 ~~101~~94,~~541~~853.5434 0.00 16,~~566~~299,~~963~~971.3672 BV-1 0.00 0.00 4,~~499~~425.2759 0.00 ~~772~~771,~~968~~381.5723 BV-2 0.00 0.00 ~~922~~907.9382 0.00 158,~~558~~232.2261 BV-3 0.00 0.00 ~~403~~397.7817 0.00 69,~~369~~226.3489 BV-4 0.00 0.00 ~~461~~453.4691 0.00 79,~~279~~116.1130 BV-5 0.00 0.00 ~~230~~226.7395 0.00 39,~~639~~557.0666 BV-6 0.00 0.00 ~~288~~283.4169 0.00 49,~~549~~447.1540 RII 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,~~971~~887,~~440~~707.7978 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% ~~920~~878.~~72142174~~38054295 5.~~56269190~~30688245 0.00000000 0.00000000 AF-2 75,108,532.00 7.25000% ~~937~~899.~~73623708~~79191126 5.~~66548977~~43624285 0.00000000 0.00000000 PO 3,282,872.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 IO 0.00 0.~~59009~~59405% ~~929~~891.~~67817129~~00663840 0.~~45715736~~44108616 0.00000000 0.00000000 BF-1 12,858,922.00 7.25000% ~~996~~994.~~42671369~~60152958 6.~~02007773~~00905115 0.00000000 0.00000000 BF-2 2,323,901.00 7.25000% ~~996~~994.~~42671525~~60152993 6.~~02008003~~00905116 0.00000000 0.00000000 BF-3 1,084,487.00 7.25000% ~~996~~994.~~42671604~~60153049 6.~~02008138~~00905313 0.00000000 0.00000000 BF-4 929,560.00 7.25000% ~~996~~994.~~42671802~~60153191 6.~~02007401~~00904729 0.00000000 0.00000000 BF-5 464,780.00 7.25000% ~~996~~994.~~42671802~~60153191 6.~~02007401~~00905805 0.00000000 0.00000000 BF-6 619,710.06 7.25000% ~~996~~994.~~42671607~~60149154 6.~~02007332~~00905204 0.00000000 0.00000000 RI 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 AV 18,759,955.00 6.~~97108~~87054% ~~931~~883.~~73616301~~10251064 5.~~41267503~~05616032 0.00000000 0.00000000 BV-1 777,511.00 6.~~97108~~87054% ~~996~~994.~~13016407~~15772896 5.~~78676057~~69199664 0.00000000 0.00000000 BV-2 159,490.00 6.~~97108~~87054% ~~996~~994.~~13016490~~15775284 5.~~78675779~~69201831 0.00000000 0.00000000 BV-3 69,777.00 6.~~97108~~87054% ~~996~~994.~~13010018~~15767373 5.~~78672055~~69199020 0.00000000 0.00000000 BV-4 79,745.00 6.~~97108~~87054% ~~996~~994.~~13016490~~15775284 5.~~78669509~~69201831 0.00000000 0.00000000 BV-5 39,872.00 6.~~97108~~87054% ~~996~~994.~~13011637~~15780498 5.~~78676766~~69196429 0.00000000 0.00000000 BV-6 49,840.33 6.~~97108~~87054% ~~996~~994.~~13024232~~15774334 5.~~78667918~~69197676 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.~~56269190~~30688245 0.00000000 ~~878~~823.~~38054295~~59831380 AF-2 0.00000000 0.00000000 5.~~66548977~~43624285 0.00000000 ~~899~~831.~~79191126~~08611895 PO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 IO 0.00000000 0.00000000 0.~~45715736~~44108616 0.00000000 ~~891~~836.~~00663840~~06901310 BF-1 0.00000000 0.00000000 6.~~02007773~~00905115 0.00000000 ~~994~~992.~~60152958~~74191880 BF-2 0.00000000 0.00000000 6.~~02008003~~00905116 0.00000000 ~~994~~992.~~60152993~~74191973 BF-3 0.00000000 0.00000000 6.~~02008138~~00905313 0.00000000 ~~994~~992.~~60153049~~74192314 BF-4 0.00000000 0.00000000 6.~~02007401~~00904729 0.00000000 ~~994~~992.~~60153191~~74192091 BF-5 0.00000000 0.00000000 6.~~02007401~~00905805 0.00000000 ~~994~~992.~~60153191~~74192091 BF-6 0.00000000 0.00000000 6.~~02007332~~00905204 0.00000000 ~~994~~992.~~60149154~~74187997 RI 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 AV 0.00000000 0.00000000 5.~~41267503~~05616032 0.00000000 ~~883~~868.~~10251064~~87051275 BV-1 0.00000000 0.00000000 5.~~78676057~~69199664 0.00000000 ~~994~~992.~~15772896~~11616299 BV-2 0.00000000 0.00000000 5.~~78675779~~69201831 0.00000000 ~~994~~992.~~15775284~~11618283 BV-3 0.00000000 0.00000000 5.~~78672055~~69199020 0.00000000 ~~994~~992.~~15767373~~11617008 BV-4 0.00000000 0.00000000 5.~~78669509~~69201831 0.00000000 ~~994~~992.~~15775284~~11612013 BV-5 0.00000000 0.00000000 5.~~78676766~~69196429 0.00000000 ~~994~~992.~~15780498~~11627207 BV-6 0.00000000 0.00000000 5.~~78667918~~69197676 0.00000000 ~~994~~992.~~15774334~~11622395 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 1519,~~011~~316,~~174~~092.5299 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 1519,~~011~~316,~~174~~092.5299 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~142~~136,~~536~~374.9621 Payment of Interest and Principal 1419,~~868~~179,~~637~~718.5678 Total Withdrawals (Pool Distribution Amount) 1519,~~011~~316,~~174~~092.5299 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 6563,~~841~~059.8554 MGIC Fee 7673,~~695~~314.1167 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~142~~136,~~536~~374.9621

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 74,~~358~~022.5343 ~~336~~326.1017 0.00 7473,~~022~~696.4326

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 2518 0 0 0 2518 1,~~890~~439,~~355~~819.4132 0.00 0.00 0.00 1,~~890~~439,~~355~~819.4132 60 Days 314 0 0 0 314 ~~232~~1,~~074~~040,770.4422 0.00 0.00 0.00 ~~232~~1,~~074~~040,770.4422 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 2832 0 0 0 2832 2,~~122~~480,~~429~~589.8554 0.00 0.00 0.00 2,~~122~~480,~~429~~589.8554 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.~~824810~~617708% 0.000000% 0.000000% 0.000000% 0.~~824810~~617708% 0.~~643377~~520682% 0.000000% 0.000000% 0.000000% 0.~~643377~~520682% 60 Days 0.~~098977~~480439% 0.000000% 0.000000% 0.000000% 0.~~098977~~480439% 0.~~078986~~376374% 0.000000% 0.000000% 0.000000% 0.~~078986~~376374% 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.~~923788~~098147% 0.000000% 0.000000% 0.000000% 01.~~923788~~098147% 0.~~722362~~897055% 0.000000% 0.000000% 0.000000% 0.~~722362~~897055%

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 166 0 0 0 166 1387,~~256,417~~949.7830 0.00 0.00 0.00 1387,~~256,417~~949.7830 60 Days 310 0 0 0 310 ~~232~~706,~~074~~445.4484 0.00 0.00 0.00 ~~232~~706,~~074~~445.4484 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 1916 0 0 0 1916 1,~~488~~094,~~492~~395.2214 0.00 0.00 0.00 1,~~488~~094,~~492~~395.2214 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~679406~~265369% 0.000000% 0.000000% 0.000000% 0.~~679406~~265369% 0.~~619270~~203018% 0.000000% 0.000000% 0.000000% 0.~~619270~~203018% 60 Days 0.~~127389~~442282% 0.000000% 0.000000% 0.000000% 0.~~127389~~442282% 0.~~114386~~369690% 0.000000% 0.000000% 0.000000% 0.~~114386~~369690% 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.~~806794~~707651% 0.000000% 0.000000% 0.000000% 0.~~806794~~707651% 0.~~733656~~572708% 0.000000% 0.000000% 0.000000% 0.~~733656~~572708% 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 68 0 0 0 68 ~~473~~759,~~185~~972.6089 0.00 0.00 0.00 ~~473~~759,~~185~~972.6089 60 Days 03 0 0 0 03 0235,485.0094 0.00 0.00 0.00 0235,485.0094 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 611 0 0 0 611 ~~473~~995,~~185~~458.6083 0.00 0.00 0.00 ~~473~~995,~~185~~458.6083 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 12.~~477833~~061856% 0.000000% 0.000000% 0.000000% 12.~~477833~~061856% 01.~~646477~~118140% 0.000000% 0.000000% 0.000000% 01.~~646477~~118140% 60 Days 0.~~000000~~773196% 0.000000% 0.000000% 0.000000% 0.~~000000~~773196% 0.~~000000~~346468% 0.000000% 0.000000% 0.000000% 0.~~000000~~346468% 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 12.~~477833~~835052% 0.000000% 0.000000% 0.000000% 12.~~477833~~835052% 01.~~646477~~464608% 0.000000% 0.000000% 0.000000% 01.~~646477~~464608% 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 34 0 0 0 34 ~~160~~291,~~752~~897.0313 0.00 0.00 0.00 ~~160~~291,~~752~~897.0313 60 Days 01 0 0 0 01 098,838.0044 0.00 0.00 0.00 098,838.0044 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 35 0 0 0 35 ~~160~~390,~~752~~735.0357 0.00 0.00 0.00 ~~160~~390,~~752~~735.0357 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~111111~~509434% 0.000000% 0.000000% 0.000000% 1.~~111111~~509434% 01.~~906343~~671141% 0.000000% 0.000000% 0.000000% 01.~~906343~~671141% 60 Days 0.~~000000~~377358% 0.000000% 0.000000% 0.000000% 0.~~000000~~377358% 0.~~000000~~565860% 0.000000% 0.000000% 0.000000% 0.~~000000~~565860% 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.~~111111~~886792% 0.000000% 0.000000% 0.000000% 1.~~111111~~886792% 02.~~906343~~237001% 0.000000% 0.000000% 0.000000% 02.~~906343~~237001% (7) Servicer file does not specify status of delinquent loans.

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 8.~~270781~~266680% Weighted Average Pass-Through Rate 7.~~713116~~709705% Weighted Average Maturity(Stepdown Calculation ) ~~252~~251 Beginning Scheduled Collateral Loan Count 3,~~132~~031 Number Of Loans Paid In Full ~~101~~117 Ending Scheduled Collateral Loan Count 32,~~031~~914 Beginning Scheduled Collateral Balance ~~306~~293,~~715~~817,~~090~~893.0528 Ending Scheduled Collateral Balance ~~293~~276,~~817~~525,~~893~~882.2827 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2001 ~~293~~276,~~817~~525,~~893~~882.2827 Monthly P &I Constant 2,~~677~~575,~~897~~982.2301 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 1418,~~643~~877,~~148~~060.3930 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans ~~191~~180,~~258~~670,~~208~~990.3061 Scheduled Principal ~~563~~551,~~919~~899.4395 Unscheduled Principal 1216,~~333~~740,~~277~~111.3406

Group I Bankruptcy Amount 100,~~000~~00.00 Group I Fraud Loss Amount 6,197,070.92 Group I Special Hazard Amount 3,098,535.46 Group II Bankruptcy Amount 100,~~000~~00.00 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.~~331460~~334343 8.~~262259~~262978 7.~~615800~~507954 Weighted Average Net Rate 8.~~081460~~084343 8.~~012259~~012978 7.~~240798~~132954 Weighted Average Maturity ~~250~~249 ~~263~~262 ~~252~~251 Beginning Loan Count 2,~~437~~355 ~~418~~406 ~~277~~270 Loans Paid In Full 8294 1218 75 Ending Loan Count 2,~~355~~261 ~~406~~388 ~~270~~265 Beginning Scheduled Balance ~~212~~202,~~003~~887,~~902~~049.6777 7673,~~060~~194,~~175~~516.4070 1817,~~651~~736,~~011~~326.9881 Ending scheduled Balance ~~202~~191,~~887~~091,~~049~~362.7732 7367,~~194~~967,~~516~~586.7014 17,~~736~~466,~~326~~933.81 Record Date 1011/3130/2001 1011/3130/2001 1011/3130/2001 Principal And Interest Constant 1,~~872~~798,~~247~~058.4333 ~~650~~630,~~350~~531.4240 ~~155~~147,~~299~~392.3828 Scheduled Principal ~~400~~388,~~329~~949.0377 126,~~659~~527.6751 36,~~930~~422.7367 Unscheduled Principal 811,~~716~~406,~~523~~737.8768 25,~~738~~100,~~999~~403.0305 ~~877~~232,~~754~~970.4433 Scheduled Interest 1,~~471~~409,~~918~~108.4056 ~~523~~504,~~690~~003.7589 ~~118~~110,~~368~~969.6561 Servicing Fees 4442,~~167~~268.5109 15,~~845~~248.8784 5,~~828~~542.4761 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 5754,~~006~~406.9588 15,~~496~~029.2038 43,~~192~~878.0953 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,~~370~~312,~~743~~433.9459 ~~492~~473,~~348~~725.6867 ~~108~~101,~~348~~548.0947 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.~~758785~~762547 7.~~767776~~766576 6.~~971083~~870541

Group Level Collateral Statement Group Total Collateral Description Mixed Fixed & Arm Weighted Average Coupon Rate 8.~~270781~~266680 Weighted Average Net Rate 8.~~013180~~009134 Weighted Average Maturity ~~252~~251 Beginning Loan Count 3,~~132~~031 Loans Paid In Full ~~101~~117 Ending Loan Count 32,~~031~~914 Beginning Scheduled Balance ~~306~~293,~~715~~817,~~090~~893.0528 Ending scheduled Balance ~~293~~276,~~817~~525,~~893~~882.2827 Record Date 1011/3130/2001 Principal And Interest Constant 2,~~677~~575,~~897~~982.2301 Scheduled Principal ~~563~~551,~~919~~899.4395 Unscheduled Principal 1216,~~333~~740,~~277~~111.3406 Scheduled Interest 2,~~113~~024,~~977~~082.8006 Servicing Fees 6563,~~841~~059.8554 Master Servicing Fees 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 7673,~~695~~314.2479 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 1,~~971~~887,~~440~~707.7173 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.~~713116~~709705

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