Item 1. Business.........................................................3
Item 2.
Item 2. Properties.......................................................3
Item 3.
Item 3. Legal Proceedings
The Registrant is not aware of any material legal proceeding with respect to a Pool, the Trustee, the Servicer or Prudential Securities Secured Financing Corporation with respect to a Pool, other than ordinary routine litigation incidental to the duties of the Trustee or Servicer under the related Pooling and Servicing Agreement.
Item 4.
Item 4. Submission of Matters to a Vote of Security Holders
No matter was submitted to a vote or consent of Certificateholders during the fiscal year covered by this report.
PART II
Item 5.
Item 5. Market for Registrant's Common Equity and Related Stockholder Matters
The Trust does not issue stock. There is currently no established secondary market for the Certificates. As of January 2, 1997, there were sixteen Certificateholders.
Item 6.
Item 6. Selected Financial Data
Omitted.
Item 7.
Item 7. Management's Discussion and Analysis of Financial condition and Results of Operations
Omitted.
Item 8.
Item 8. Financial Statements and Supplementary Data
Omitted.
Item 9.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
There was no change of accountants or disagreement with accountants on any matter of accounting principles or practices or financial disclosure.
PART III
Item 10.
Item 10. Directors and Executive Officers of the Registrant
Omitted.
Item 11.
Item 11. Executive Compensation
Omitted.
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management
Omitted.
Item 13.
Item 13. Certain Relationships and Related Transactions
Omitted.
PART IV
Item 14.
Item 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K
(a) The following documents are filed as part of this report:
(1) Financial Statements:
Omitted.
(2) Financial Statement Schedules:
Omitted.
(3) Exhibits:
Related Computational Materials dated September 1996 for ABFS Mortgage Loan Trust, Series 1996-2 (incorporated by reference to Exhibit 99.1 to Current Report on Form 8-K dated September 1996).
Annual Statement of Compliance, filed as Exhibit 99.1 hereto.
Annual Servicing Report, filed as Exhibit 99.2 hereto.
(b) Reports on Form 8-K: The following Current Reports on Form 8-K were filed by the Registrant.
A Current Report on Form 8-K, dated March 6, 1997, was filed for the purpose of filing the Monthly Certificateholder Statements, as Exhibits 99.1 through 99.5 for payments made on October 15, 1996, November 15, 1996, December 15, 1996, January 15, 1997 and February 15, 1997, respectively. The items reported in such Current Report were Item 5 (Other Events).
(c) Exhibits to this report are listed in Item (14)(a)(3) above.
SIGNATURE
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
CHASE MANHATTAN BANK (SUCCESSOR BY MERGER OF THE CHASE MANHATTAN BANK, N.A.), AS TRUSTEE, FOR ABFS MORTGAGE LOAN TRUST 1996-2
Date: March 27, 1997 By: Ron Feldman Vice President
SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO SECTION 15(D) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED SECURITIES PURSUANT TO SECTION 12 OF THE ACT.
The registrant has not sent an annual report or proxy material to its security holders. The registrant will not be sending an annual report or proxy material to its security holders subsequent to the filing of this form.
INDEX TO EXHIBITS
Exhibit Number Description of Exhibits Page
4.1 Related Computational Materials dated September 1996 * for ABFS Mortgage Loan Trust Mortgage Pass-through Certificates, Series 1996-2 (incorporated by reference to Exhibit 1 to Current Report on Form 8-K dated September 1996).
99.1 Annual Statement of Compliance 9
99.2 Annual Servicing Report 11
* Incorporated by reference.
EXHIBIT 99.1
ANNUAL STATEMENT OF COMPLIANCE
In accordance with the No-Action letters dated May 20, 1994 and February 17, 1995 sent to the Securities and Exchange Commission requesting an exemption from SEC reporting requirements, the Trust is to include as an exhibit a copy of the Annual Statement of Compliance required under the Pooling and Servicing Agreement dated August 31, 1996. Such statement, as required under Section 5.22 of the Pooling and Servicing Agreement, is due on or before the last day of the fifth month following the end of the Servicer's fiscal year (December 31), beginning in 1997. Since there is no requirement for the current year, the statement is not included as an exhibit to this Form 10-K.
EXHIBIT 99.2
ANNUAL SERVICING REPORT
In accordance with the No-Action letters dated May 20, 1994 and February 17, 1995 sent to the Securities and Exchange Commission requesting an exemption from SEC reporting requirements, the Trust is to include as an exhibit a copy of the Annual Servicing Report required under the Pooling and Servicing Agreement dated August 31, 1996. Such statement, as required under Section 5.22 of the Pooling and Servicing Agreement, is due on or before the last day of the fifth month following the end of the Servicer's fiscal year (December 31), beginning in 1997. Since there is no requirement for the current year, the statement is not included as an exhibit to this Form 10-K.