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 -**