Morserv Inc – ‘8-K’ for 12/28/98

As of:  Monday, 1/11/99   ·   For:  12/28/98   ·   Accession #:  835271-99-8   ·   File #:  0-22457

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Form 8-K as of 12/28/98                                4      9K 
 2: EX-20.1     Monthly Reports                                        3     26K 

8-K   —   Form 8-K as of 12/28/98
Document Table of Contents

8-K
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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: December 28, 1998 

MORSERV, INC.   
--------------------------------------------------      
(Exact Name of Registrant)        

Delaware                       33-76724                13-3784934       
--------------                -------------          ------------------   
(State or other               (Commission             (IRS Employer       
jurisdiction of                File Number)           Identification No.) 
incorporation)                                                            

343 Thornall Street, Edison  New Jersey     07675   
----------------------------------------------------  
 Address of principal executive offices)    (Zip Code)

Registrant's telephone number, including area code: (732) 205-0600          

8-K
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Item 5.  Other Events.                                                          

On or about 12/28/98, Morserv, Inc. (the "Depositor") made the      
distributions to holders of its Mortgage Asset-Backed Certificates,             
Series 1998-1 contemplated by the Pooling and Servicing Agreement dated as of   
August 1, 1998 (the "Pooling and Servicing Agreement") among Morserv, Inc., the 
Depositor, The Chase Manhattan Mortgage Corporation, as Master Servicer,        
Advanta Mortgage Corp. USA, as subservicer and Citibank, N.A. as Trustee.       

Copies of the Certificateholders' Reports with respect to such        
distributions delivered pursuant to Section 6.02 of the Pooling and Servicing   
Agreement are being filed as exhibits to this Current Report on Form 8-K.       

Item 7(c). Exhibits                                                             

Exhibits            Description                           
--------            -----------                           

20.1               Monthly Reports with respect to the  
            December 28, 1998 distribution

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934,
the  registrant  has caused this report to be signed on its behalf by the       
undersigned thereunto duly authorized.                                          

Dated:  January 5, 1998                                                         

                                         CHASE MANHATTAN MORTGAGE CORPORATION,
                                 as Paying Agent, on behalf of
                 Morserv, Inc.

                            By:   /s/Andrew Cooper
                                   -------------------
                           Name:   Andrew Cooper
                           Title:  Trust Officer

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   INDEX TO EXHIBITS
   -----------------

Exhibit No.             Description                       
-----------             -----------                       

   20.1                  Monthly Reports with respect to the
                           distribution to Certificateholders on
        December 28, 1998.

Dates Referenced Herein

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
Filed on:		1/11/99							None on these Dates
For Period End:		12/28/98		1		4
		8/1/98		2
		1/5/98		3
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