-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PqaH5jW2oTgfRqa+uNcj+LsY8XhBIexf2FPo3skSbPzqxUR7XweD6UPBQLFBAvyO +yxk+b8fuyWCGoK5t24A6w== 0000950134-04-009054.txt : 20040621 0000950134-04-009054.hdr.sgml : 20040621 20040621155941 ACCESSION NUMBER: 0000950134-04-009054 CONFORMED SUBMISSION TYPE: 305B2 PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20040621 EFFECTIVENESS DATE: 20040621 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEQUOIA MORTGAGE FUNDING CORP CENTRAL INDEX KEY: 0001033146 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 911771827 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 305B2 SEC ACT: 1933 Act SEC FILE NUMBER: 333-115296 FILM NUMBER: 04872700 BUSINESS ADDRESS: STREET 1: 591 REDWOOD HWY STREET 2: STE 3120 CITY: MILL VALLEY STATE: CA ZIP: 94941 BUSINESS PHONE: 4153811765 MAIL ADDRESS: STREET 1: 591 REDWOOD HIGHWAY STREET 2: STE 3120 CITY: MILL VALLEY STATE: CA ZIP: 94941 305B2 1 f99834e305b2.htm FORM T-1, FILED PURSUANT TO SECTION 305(B)(2) e305b2
 



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM T-1

STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE


x    CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b) (2)

WELLS FARGO BANK, NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)
         
A U.S. National Banking Association
    94-1347393  
(Jurisdiction of incorporation or     (I.R.S. Employer  
organization if not a U.S. national     Identification No.)
bank)
       
 
       
420 Montgomery Street San Francisco, CA
    94163  
(Address of principal executive offices)     (Zip code)  

WELLS FARGO & COMPANY
Law Department, Trust Section
MAC N9305-172
Sixth Street and Marquette Avenue, 17TH floor
Minneapolis, Minnesota 55479
(612) 667-1234
(Agent for Service)


SEQUOIA HELOC TRUST 2004-1

(Exact name of obligor as specified in its charter)
         
Delaware     Not Yet Received
(State or other jurisdiction of     (I.R.S. Employer
incorporation or organization)     Identification No.)
C\O Wilmington Trust Rodney Square North
1100 North Market Street
Wilmington, DE
    19890-0001  
(Address of principal executive offices)     (Zip code)  


HELOC Asset-Backed Notes, Series 2004-1
(Title of the indenture securities)



 


 

Item 1.   General Information.   Furnish the following information as to the trustee:

(a)   Name and address of each examining or supervising authority to which it is subject.

    Comptroller of the Currency
Treasury Department
Washington, D.C.

    Federal Deposit Insurance Corporation
Washington, D.C.

    The Board of Governors of the Federal Reserve System
Washington, D.C.

(b)   Whether it is authorized to exercise corporate trust powers.

    The trustee is authorized to exercise corporate trust powers.

Item 2.   Affiliations with Obligor.   If the obligor is an affiliate of the trustee, describe each such affiliation.

    None with respect to the trustee.

No responses are included for Items 3-14 of this Form T-1 because the obligor is not in default as provided under Item 13.

Item 15.   Foreign Trustee.   Not applicable.

Item 16.   List of Exhibits.   List below all exhibits filed as a part of this Statement of Eligibility. Wells Fargo Bank, N.A. incorporates by reference into this Form T-1 the exhibits attached hereto.

    Exhibit 1.   A copy of the Articles of Association of the trustee now in effect. *

    Exhibit 2.   A copy of the Comptroller of the Currency Certificate of Corporate Existence for Wells Fargo Bank, National Association, dated November 28, 2001. *

    Exhibit 3.   A copy of the authorization of the trustee to exercise corporate trust powers. A copy of the Comptroller of the Currency Certificate of Corporate Existence (with Fiduciary Powers) for Wells Fargo Bank, National Association, dated November 28, 2001. *

    Exhibit 4.   Copy of By-laws of the trustee as now in effect. *

    Exhibit 5.   Not applicable.

    Exhibit 6.   The consents of United States institutional trustees required by Section 321(b) of the Act.

2


 

    Exhibit 7.   Attached is a copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority.

    Exhibit 8.   Not applicable.

    Exhibit 9.   Not applicable.

*   Incorporated by reference to exhibit number 25 filed with registration statement number 333-87398.

3


 

SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Wells Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of New York and State of New York on the 18th day of June, 2004.

   
WELLS FARGO BANK, NATIONAL ASSOCIATION
 
 
/s/ Peter J. Masterman
 
Name:    
Peter J. Masterman
 
Title:
Vice President

4 EX-6 2 f99834exv6.htm EXHIBIT 6 exv6

 

EXHIBIT 6

June 18, 2004

Securities and Exchange Commission
Washington, D.C. 20549

Gentlemen:

In accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, the undersigned hereby consents that reports of examination of the undersigned made by Federal, State, Territorial, or District authorities authorized to make such examination may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

   
Very truly yours,
 
WELLS FARGO BANK, NATIONAL ASSOCIATION
 
 
/s/ Peter J. Masterman
 
Name:    
Peter J. Masterman
 
Title:
Vice President

  EX-7 3 f99834exv7.htm EXHIBIT 7 exv7

 

EXHIBIT 7

Consolidated Report of Condition of

Wells Fargo Bank National Association
of 420 Montgomery Street, San Francisco, CA 94163
And Foreign and Domestic Subsidiaries,
at the close of business December 31, 2003, filed in accordance with 12 U.S.C.
§161 for National Banks.

                 
              Dollar Amounts  
              In Millions  
             
 
   
ASSETS
       
   
Cash and balances due from depository institutions:
       
       
Noninterest-bearing balances and currency and coin
  $ 11,411  
       
Interest-bearing balances
    3,845  
Securities:
       
 
Held-to-maturity securities
    0  
 
Available-for-sale securities
    17,052  
Federal funds sold and securities purchased under agreements to resell:
       
     
Federal funds sold in domestic offices
    516  
     
Securities purchased under agreements to resell
    109  
Loans and lease financing receivables:
       
     
Loans and leases held for sale
    14,571  
     
Loans and leases, net of unearned income
    172,511  
     
LESS: Allowance for loan and lease losses
    1,554  
     
Loans and leases, net of unearned income and allowance
    170,957  
Trading Assets
    6,255  
Premises and fixed assets (including capitalized leases)
    2,067  
Other real estate owned
    144  
Investments in unconsolidated subsidiaries and associated companies
    306  
Customers’ liability to this bank on acceptances outstanding
    68  
Intangible assets
       
     
Goodwill
    6,814  
     
Other intangible assets
    7,501  
Other assets
    8,858  
 
   
 
Total assets
  $ 250,474  
 
   
 
LIABILITIES
       
Deposits:
       
       
In domestic offices
  $ 157,695  
       
Noninterest-bearing
    44,315  
       
Interest-bearing
    113,380  
       
In foreign offices, Edge and Agreement subsidiaries, and IBFs
    16,249  
       
Noninterest-bearing
    6  
       
Interest-bearing
    16,243  
Federal funds purchased and securities sold under agreements to repurchase:
       
     
Federal funds purchased in domestic offices
    14,685  
     
Securities sold under agreements to repurchase
    1,613  

 


 

         
      Dollar Amounts  
      In Millions  
     
 
Trading liabilities
    4,277  
Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases)
    18,212  
Bank’s liability on acceptances executed and outstanding
    68  
Subordinated notes and debentures
    6,742  
Other liabilities
    7,358  
 
     
Total liabilities
  $ 226,899  
Minority interest in consolidated subsidiaries
    60  
EQUITY CAPITAL
       
Perpetual preferred stock and related surplus
    0  
Common stock
    520  
Surplus (exclude all surplus related to preferred stock)
    17,709  
Retained earnings
    4,920  
Accumulated other comprehensive income
    366  
Other equity capital components
    0  
 
     
Total equity capital
    23,515  
 
     
Total liabilities, minority interest, and equity capital
  $ 250,474  
 
   
 

I, James E. Hanson, Vice President of the above-named bank do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true to the best of my knowledge and belief.

James E. Hanson
Vice President

We, the undersigned directors, attest to the correctness of this Report of Condition and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.

         
Carrie L. Tolstedt
Howard Atkins
  Directors
John Stumpf
       

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