E
            M
            C
 ***Mortgage
            Corporation***
   February
          17, 2006
    **MANAGEMENT'S
          ASSERTION**
  As
          of and
          for the year ended November 30, 2005, EMC Mortgage Corporation (the "Company")
          (a wholly owned subsidiary of The Bear Steams Companies Inc.), has complied,
          in all material respects, with the Company's established minimum servicing
          standards for residential mortgage loans as set forth in Appendix A (the
          "Standards"). The Standards are based on the Mortgage Bankers Association
          of
          America's *Uniform
          Single Attestation Program for Mortgage Bankers.*
  As
          of
          December 1, 2004 and for the fiscal year ending November 30, 2005, the
          Company
          had in effect a fidelity bond in the amount of $210,000,000 and an errors
          and
          omissions policy
          in
          the amount of $20,000,000.
 
 /s/
          Raylene Ruyle
 Ralene
          Ruyle, President
  /s/
          F. Norton Wells
 F.
          Norton Wells, Executive Vice President
  /s/
          Sue Stepanek
 Sue
          Stepanek, Executive
          Vice President
  
    Two
          MacArthur Ridge, 909 Hidden Ridge Drive, Suite 200, Irving, Texas
          75038
 **Mailing
          Address:**P.O. Box 141358 Irving, Texas 75014-1358
  
 **APPENDIX
          A**
  MINIMUM
          SERVICING STANDARDS AS SET FORTH IN THE MORTGAGE BANKERS ASSOCIATION OF
          AMERICA'S UNIFORM SINGLE ATTESTATION PROGRAM FOR MORTGAGE BANKERS
  I.
          CUSTODIAL BANK ACCOUNTS
  1. Reconciliations
          shall be prepared on a monthly basis for all custodial bank accounts and
          related
          bank clearing accounts. These reconciliations shall:
 be
              mathematically accurate;
          be
              prepared within forty-five (45) calendar days after the cutoff
              date;
          be
              reviewed and approved by someone other than the person who prepared
              the
              reconciliation; and
          document
              explanations for reconciling items. These
              reconciling items shall be resolved within ninety (90) calendar days
              of their
              original identification. 2.
          Funds
          of the servicing entity shall be advanced in cases where there is an overdraft
          in an investor's or a mortgagor's account.
  3.
          Each
          custodial account shall be maintained at a federally insured depository
          institution in trust for the applicable investor.
  4.
          Escrow
          funds held in trust for a mortgagor shall be returned to the mortgagor
          within
          thirty (30) calendar days of payoff of the mortgage loan.
  II.
          MORTGAGE PAYMENTS
  1.
          Mortgage payments shall be deposited into the custodial bank accounts and
          related bank clearing accounts within two business days of receipt.
  2.
          Mortgage payments made in accordance with the mortgagor's loan documents
          shall
          be posted to the applicable mortgagor records within two business days
          of
          receipt.
  3.
          Mortgage payments shall be allocated to principal, interest, insurance,
          taxes or
          other escrow items in accordance with the mortgagor's loan
          documents.
  4.
          Mortgage payments identified as loan payoffs shall be allocated in accordance
          with the mortgagor's loan documents.
  III.
          DISBURSEMENTS
  1.
          Disbursements made via wire transfer on behalf of a mortgagor or investor
          shall
          be made only by authorized personnel.
  2.
          Disbursements made on behalf of a mortgagor or investor shall be posted
          within
          two business days to the mortgagor's or investor's records maintained by
          the
          servicing entity.
  **-
          2 -**
 
  3.
          Tax
          and insurance payments shall be made on or before the penalty or insurance
          policy expiration dates, as indicated on tax bills and insurance premium
          notices, respectively, provided that such support has been received by
          the
          servicing entity at least thirty (30) calendar days prior to these
          dates.
  4.
          Any
          late payment penalties paid in conjunction with the payment of any tax
          bill or
          insurance premium notice shall be paid from the servicing entity's funds
          and not
          charged to the mortgagor, unless the late payment was due to the mortgagor's
          error or omission.
  5.
          Amounts remitted to investors per the servicer's investor reports shall
          agree
          with cancelled checks, or other form of payment, or custodial bank
          statements.
  6.
          Unused
          checks shall be safeguarded so as to prevent unauthorized access.
  IV.  INVESTOR
          ACCOUNTING AND REPORTING
  1. The
          servicing entity's investor reports shall agree with, or reconcile to,
          investors' records on a monthly basis as to the total unpaid principal
          balance
          and number of loans serviced by the servicing entity.
  V.  MORTGAGOR
          LOAN ACCOUNTING
  1.
          The
          servicing entity's mortgage loan records shall agree with, or reconcile
          to, the
          records of  mortgagors with respect to the unpaid principal balance on a
          monthly basis.
  2.
          Adjustments on ARM loans shall be computed based on the related mortgage
          note
          and any ARM rider.
  3.
          Escrow
          accounts shall be analyzed, in accordance with the mortgagor's loan documents,
          on at least an annual basis.
  4.
          Interest on escrow accounts shall be paid, or credited, to mortgagors in
          accordance with the applicable state laws.
  VI.  DELINQUENCIES
  1.
          Records documenting collection efforts shall be maintained during the period
          a
          loan is in default and shall be updated at least monthly. Such records
          shall
          describe the entity's activities in
          monitoring delinquent loans including, for example, phone calls, letters
          and
          mortgage payment rescheduling plans in cases where the delinquency is deemed
          temporary (e.g.,
          illness or unemployment).
  VII.  INSURANCE
          POLICIES
  1.
          A
          fidelity bond and errors and omissions policy shall be in effect on the
          servicing entity throughout the reporting period in the amount of coverage
          represented to investors in management's
          assertion.
  **-
          3 -**