EXECUTION COPY


 


AMENDMENT NO. 1 TO POOLING AND SERVICING
AGREEMENT


SERIES 2013-6


 


This Amendment No. 1 to Pooling and Servicing
Agreement, dated as of May 2, 2013 (the “Agreement”), is executed by and among SEQUOIA RESIDENTIAL FUNDING, INC., a
Delaware corporation, as depositor (the “Depositor”), CHRISTIANA TRUST, A DIVISION OF WILMINGTON SAVINGS FUND SOCIETY,
FSB, a federal savings bank, as trustee (the “Trustee”), and WELLS FARGO BANK, N.A., a national banking association,
in its dual capacities as master servicer (the “Master Servicer”) and securities administrator (the “Securities
Administrator”).


 


RECITALS


 


A. The Depositor, the Trustee, the Master
Servicer and the Securities Administrator have entered into that certain Pooling and Servicing Agreement dated as of April 1, 2013
(the “Pooling and Servicing Agreement”) with respect to the Sequoia Mortgage Trust Series 2013-6 Mortgage Pass-Through
Certificates.


 


B. The Depositor, the Trustee, the Master
Servicer and the Securities Administrator desire to amend the Agreement pursuant to Section 11.03(a)(iii).


 


C. The legal opinions required under Section
11.03 of the Pooling and Servicing Agreement have been delivered to the Trustee and the Securities Administrator concurrently herewith.


 


 


AGREEMENT


 


In consideration of the mutual agreements
herein contained, the Depositor, the Master Servicer, the Securities Administrator and the Trustee hereby agree as follows.


 


1. The information set forth in the table under
“Preliminary Statement—The Certificates and the Upper-Tier REMIC” in the Pooling and Servicing Agreement, under
the “Minimum Denominations or Percentage Interest” column with respect to the Class A-IO2 Certificates, shall be amended
and restated, to read “$1,000,000.”


 


2.The form of Class A-IO2 Certificate attached as Exhibit
A to the Pooling and Servicing Agreement shall be replaced in its entirety with the certificate attached as Exhibit A hereto.


 


3.The Depositor hereby certifies that this Agreement
will not adversely affect in any material respect the interests of any Holder (as defined in the Pooling and Servicing Agreement.)


 






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4.Except as expressly amended hereby, the Pooling and
Servicing Agreement is in all respects ratified and confirmed, and all the terms, provisions and conditions thereof are and shall
remain in full force and effect.


 


5.From and after the date of this Agreement, all references
to the “Pooling and Servicing Agreement” shall mean the Pooling and Servicing Agreement as amended hereby.





 






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IN WITNESS WHEREOF, the parties hereto have
caused their names to be signed hereto by their respective officers hereunto duly authorized as of the day and year first above
written.


 


SEQUOIA RESIDENTIAL FUNDING, INC.,


as Depositor 


 


By: /s/William J. Moliski                                       


Name: W.J. Moliski


Title: Authorized Officer


 


 


CHRISTIANA TRUST, a division of


Wilmington Savings Fund Society, FSB,


as Trustee


  


By: /s/Jeffrey R. Everhart                                      


Name: Jeffrey R. Everhart


Title: AVP


 


 


WELLS FARGO BANK, N.A.,


as Master Servicer


 





By: /s/ Jason Prisco                                                


Name: Jason Prisco


Title: AVP


 


 


WELLS FARGO BANK, N.A.,


as Securities Administrator


 





By: /s/ Jason Prisco                                                


Name: Jason Prisco


Title: AVP


 






    	 



    	 



    

  


EXHIBIT A


 


FORM OF CLASS A-IO2 CERTIFICATE





 






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THIS CERTIFICATE IS A REMIC REGULAR INTEREST
CERTIFICATE. THIS CERTIFICATE DOES NOT EVIDENCE AN OBLIGATION OF, OR AN INTEREST IN, AND IS NOT GUARANTEED BY, THE DEPOSITOR, THE
TRUSTEE, THE SECURITIES ADMINISTRATOR, THE MASTER SERVICER OR ANY AFFILIATE OF ANY OF THEM AND IS NOT INSURED OR GUARANTEED BY
ANY GOVERNMENTAL AGENCY OR PRIVATE INSURER.


 


THIS IS AN INTEREST-ONLY CERTIFICATE THAT
IS NOT ENTITLED TO ANY DISTRIBUTIONS WITH RESPECT TO PRINCIPAL. THE CERTIFICATE NOTIONAL AMOUNT OF THIS CERTIFICATE WILL BE REDUCED
AS SET FORTH HEREIN. ACCORDINGLY, THE CERTIFICATE NOTIONAL AMOUNT OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN
ON THE FACE HEREOF.


 


UNLESS THIS CERTIFICATE IS PRESENTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO.
OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH
OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE
BY OR TO ANY PERSON IS WRONGFUL, INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.


 


THE HOLDER AND ANY TRANSFEREE OF THIS CERTIFICATE
WILL BE DEEMED TO HAVE REPRESENTED BY VIRTUE OF ITS PURCHASE OR HOLDING OF THIS CERTIFICATE (OR INTEREST THEREIN) THAT EITHER (A)
SUCH HOLDER OR TRANSFEREE IS NOT AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN OR ARRANGEMENT SUBJECT TO THE PROHIBITED TRANSACTION PROVISIONS
OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OR SECTION 4975 OF THE CODE OR A PERSON
(INCLUDING AN INSURANCE COMPANY INVESTING ITS GENERAL ACCOUNT, AN INVESTMENT MANAGER, A NAMED FIDUCIARY OR A TRUSTEE OF ANY SUCH
PLAN) WHO IS USING “PLAN ASSETS” OF ANY SUCH PLAN TO EFFECT SUCH ACQUISITION (EACH OF THE FOREGOING, A “PLAN
INVESTOR”), (B) IT HAS ACQUIRED AND IS HOLDING THIS CERTIFICATE IN RELIANCE ON U.S. DEPARTMENT OF LABOR PROHIBITED TRANSACTION
EXEMPTION (“PTE”) 90-59, AS AMENDED (THE “UNDERWRITER EXEMPTION”), AND THAT IT UNDERSTANDS THAT THERE ARE
CERTAIN CONDITIONS TO THE AVAILABILITY OF THE UNDERWRITER EXEMPTION INCLUDING THAT THIS CERTIFICATE MUST BE RATED, AT THE TIME
OF PURCHASE, NOT LOWER THAN “BBB-” (OR ITS EQUIVALENT) BY STANDARD & POOR’S, FITCH, MOODY’S, DBRS LIMITED
OR DBRS, INC. OR (C) (I) THE TRANSFEREE IS AN INSURANCE COMPANY, (II) THE SOURCE OF FUNDS USED TO PURCHASE OR HOLD THIS CERTIFICATE
IS AN “INSURANCE COMPANY GENERAL ACCOUNT” (AS DEFINED IN U.S. DEPARTMENT OF LABOR PROHIBITED TRANSACTION CLASS EXEMPTION
(“PTCE”) 95-60), AND (III) THE CONDITIONS SET FORTH IN SECTIONS I AND III OF PTCE 95-60 HAVE BEEN SATISFIED (EACH ENTITY
THAT SATISFIES THIS CLAUSE (C), A “COMPLYING INSURANCE COMPANY”).


 






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IF THIS CERTIFICATE (OR ANY INTEREST THEREIN)
IS ACQUIRED OR HELD BY ANY PERSON THAT DOES NOT SATISFY THE CONDITIONS DESCRIBED IN THE PRECEDING PARAGRAPH, THEN THE LAST PRECEDING
TRANSFEREE THAT EITHER (I) IS NOT A PLAN INVESTOR, (II) ACQUIRED SUCH CERTIFICATE IN COMPLIANCE WITH THE UNDERWRITER EXEMPTION,
OR (III) IS A COMPLYING INSURANCE COMPANY SHALL BE RESTORED, TO THE EXTENT PERMITTED BY LAW, TO ALL RIGHTS AND OBLIGATIONS AS CERTIFICATE
OWNER THEREOF RETROACTIVE TO THE DATE OF SUCH TRANSFER OF THIS CERTIFICATE. THE TRUSTEE SHALL BE UNDER NO LIABILITY TO ANY PERSON
FOR MAKING ANY PAYMENTS DUE ON THIS CERTIFICATE TO SUCH PRECEDING TRANSFEREE.


 


ANY PURPORTED CERTIFICATE OWNER WHOSE ACQUISITION
OR HOLDING OF THIS CERTIFICATE (OR INTEREST THEREIN) WAS EFFECTED IN VIOLATION OF THE RESTRICTIONS IN SECTION 3.03 OF THE AGREEMENT
SHALL INDEMNIFY AND HOLD HARMLESS THE CERTIFICATE REGISTRAR, THE DEPOSITOR, THE TRUSTEE AND THE TRUST FUND FROM AND AGAINST ANY
AND ALL LIABILITIES, CLAIMS, COSTS OR EXPENSES INCURRED BY SUCH PARTIES AS A RESULT OF SUCH ACQUISITION OR HOLDING.


 


 


SEQUOIA MORTGAGE TRUST 2013-6


MORTGAGE PASS-THROUGH CERTIFICATES, CLASS
A-IO2


 


Evidencing a beneficial interest in a pool of residential
mortgage loans and any other assets established by


 


SEQUOIA RESIDENTIAL FUNDING, INC.


 


	
        Initial Class Notional

        Amount of the Class A-IO2

        Certificates: $397,343,000

         

         

        Certificate Interest Rate: Adjustable

         

         

        Final Scheduled Distribution

        Date: May 2043

         

         

        NUMBER 1
	
        Initial Certificate

        Notional Amount of this

        Certificate: $397,343,000

         

         

        Cut-off Date: April 1, 2013

         

         

         

         

         

         

        CUSIP: 81745B AD7



 






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THIS CERTIFIES THAT
CEDE & CO. is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the initial
Certificate Notional Amount of this Certificate by the initial Class Notional Amount of all Class A-IO2 Certificates, both as specified
above) in a Trust Fund, the assets of which consist of the Mortgage Loans and all interest and principal received thereon after
the Cut-off Date (other than Scheduled Payments due on or prior to the Cut-off Date), the rights of the Seller and the Depositor
assigned to the Trustee under each Purchase Agreement, each Servicing Agreement, the Mortgage Loan Purchase and Sale Agreement,
the Insurance Policies relating to the Mortgage Loans, all cash, instruments or property held or required to be held in the Custodial
Accounts and the Distribution Account and property that secured a Mortgage Loan; and certain other assets, if any, as described
in the Pooling and Servicing Agreement (the foregoing assets hereinafter collectively referred to as the “Trust Fund”).


 


Distributions on this
Certificate will be made on the 25th day of each month or, if such day is not a Business Day, then on the succeeding Business Day,
commencing in May 2013 (each, a “Distribution Date”), to the Person in whose name this Certificate is registered at
the close of business on the last Business Day preceding such Distribution Date (the “Record Date”), in an amount equal
to the product of the Percentage Interest evidenced by this Certificate and the amount, if any, required to be distributed to all
Certificates of the Class represented by this Certificate. All sums distributable on this Certificate are payable in the coin or
currency of the United States of America which at the time of payment is legal tender for the payment of public and private debts.


 


Reference is hereby
made to the further provisions of this Certificate set forth on the reverse hereof, which shall have the same effect as though
fully set forth on the face of this Certificate.


 


Unless the certificate
of authentication hereon has been executed by or on behalf of the Authenticating Agent, whose name appears below by manual signature,
this Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any purpose.





 






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IN WITNESS WHEREOF,
Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as Trustee, has caused this Certificate to be duly executed.


 


CHRISTIANA TRUST, A DIVISION OF 

WILMINGTON SAVINGS FUND
SOCIETY, FSB,


not in its individual capacity
but solely as Trustee


 


 


By: _______________________


Name:

Title:


 


Dated: April 30, 2013


 


 


 


CERTIFICATE AUTHENTICATION


 


This is one of the
Certificates referred to in the within-mentioned Pooling and Servicing Agreement.


 


WELLS FARGO BANK, N.A.,


as Authenticating Agent


 


 


By: ________________________


AUTHORIZED SIGNATORY


 


Dated: April 30, 2013


 






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SEQUOIA MORTGAGE TRUST 2013-6


MORTGAGE PASS-THROUGH CERTIFICATE


 


This Certificate is
one of a duly authorized issue of certificates designated as Sequoia Mortgage Trust 2013-6 Mortgage Pass-Through Certificates (the
“Certificates”), representing all or part of a beneficial ownership interest in a Trust Fund established pursuant to
a Pooling and Servicing Agreement, dated as of April 1, 2013 (the “Pooling and Servicing Agreement”), among Sequoia
Residential Funding, Inc., as depositor (the “Depositor”), Wells Fargo Bank, N.A., as master servicer (in such capacity,
the “Master Servicer”) and as securities administrator (in such capacity, the “Securities Administrator”)
and Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as trustee (the “Trustee”), to which terms,
provisions and conditions thereof the Holder of this Certificate by virtue of the acceptance hereof assents, and by which such
Holder is bound. Except as otherwise defined herein, all capitalized terms used herein shall have the meanings ascribed to them
in the Pooling and Servicing Agreement. The Certificates consist of the following Classes: Class A-1, Class A-2, Class A-IO1, Class
A-IO2, Class R, Class LT-R, Class B-1, Class B-2, Class B-3, Class B-4, and Class B-5.


 


On each Distribution
Date, the Paying Agent, on behalf of the Trustee, will make distributions from the Distribution Account to the Holders of Certificates
according to the terms of the Pooling and Servicing Agreement. All distributions or allocations made with respect to each Class
of Certificates on each Distribution Date shall be allocated among the outstanding Certificates of such Class based on the Certificate
Principal Amount (or Certificate Notional Amount) of each such Certificate.


 


Distributions on this
Certificate will be made by check mailed to the Holder of record of this Certificate on the immediately preceding Record Date at
the address of such Holder as it appears on the Certificate Register or, upon written request made to the Securities Administrator
at least five Business Days prior to the related Record Date, by any Certificateholder owning an aggregate initial Certificate
Principal Amount (or Certificate Notional Amount) of at least $1,000,000 or, in the case of any Residual Certificate, a Percentage
Interest of 100%, by wire transfer in immediately available funds to an account specified in such request and at the expense of
such Certificateholder requesting such wire transfer by deducting a wire transfer fee from the related distribution; provided,
however, that the final distribution in respect of any Certificate shall be made only upon presentation and surrender of such Certificate
at the Corporate Trust Office (as defined below); provided, further, that the foregoing provisions shall not apply to any Certificate
as long as such Certificate remains a Book-Entry Certificate, in which case all payments made shall be made through the Clearing
Agency and its Clearing Agency Participants. Notwithstanding such final payment of principal of any of the Certificates, each Residual
Certificate will remain outstanding until the termination of the related REMIC or REMICs and the payment in full of all other amounts
due with respect to the Residual Certificates and at such time such final payment in retirement of any Residual Certificate will
be made only upon presentation and surrender of such Certificate at the Corporate Trust Office.


 


The Corporate Trust
Office with respect to the presentment and surrender of Certificates for the final distribution thereon is the corporate trust
office of the Certificate Registrar at Sixth Street and Marquette Avenue, Minneapolis, Minnesota 55479, Attention: Corporate Trust
Services -- Sequoia Mortgage Trust 2013-6 or at such other address as the Securities Administrator may designate from time to time.


 






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The Pooling and Servicing
Agreement may be amended by the Trustee, the Master Servicer, the Securities Administrator, and the Depositor with the consent
of the Holders of not less than 66-2/3% of the Class Principal Amount or Class Notional Amount (or Percentage Interest) of each
Class of Certificates affected thereby for the purpose of adding any provisions to or changing in any manner or eliminating any
of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders; provided, however,
that no such amendment shall be made unless the Trustee and the Securities Administrator receive an Opinion of Counsel, at the
expense of the party requesting the change, that such change will not cause an Adverse REMIC Event; and provided further, that
no such amendment may (i) reduce in any manner the amount of, or delay the timing of, payments received on Mortgage Loans which
are required to be distributed on any Certificate, without the consent of the Holder of such Certificate or (ii) reduce the aforesaid
percentages of Class Principal Amount or Class Notional Amount (or Percentage Interest) of Certificates of each Class, the Holders
of which are required to consent to any such amendment without the consent of the Holders of 100% of the Class Principal Amount
or Class Notional Amount (or Percentage Interest) of each Class of Certificates affected thereby.  For purposes of this
paragraph, references to “Holder” or “Holders” shall be deemed to include, in the case of any Class of
Book-Entry Certificates, the related Certificate Owners. Any consent by the Holder of this Certificate
will be conclusive and binding upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof
or in exchange herefor or in lieu hereof whether or not consent is made with respect to such Certificate. The Pooling and Servicing
Agreement also permits the amendment thereof in certain limited circumstances without the consent of the Holders.


 


As provided in the
Pooling and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable
in the Certificate Register upon surrender of this Certificate for registration of transfer at the Corporate Trust Office, duly
endorsed by, or accompanied by a written instrument of transfer in form satisfactory to, the Certificate Registrar duly executed
by the Holder thereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Certificates of
the same Class of authorized denominations evidencing the same initial Certificate Principal Amount (or Notional Amount) will be
issued to the designated transferee or transferees. As provided in the Pooling and Servicing Agreement and subject to certain limitations
therein set forth, this Certificate is exchangeable for new Certificates of the same Class evidencing the same aggregate initial
Certificate Principal Amount (or Notional Amount) as requested by the Holder surrendering the same. No service charge will be made
for any such registration of transfer or exchange, but the Certificate Registrar may require payment of a sum sufficient to cover
any tax or governmental charge that may be imposed in connection with any exchange of Certificates.


 


The Class A-1, Class
A-2, Class B-1, Class B-2, Class B-3, Class B-4, and Class B-5 Certificates are issuable only in registered
form in minimum denominations of $100,000 in initial Certificate Principal Amount and the Class A-IO1 and Class A-IO2 Certificates
are issuable only in registered form in minimum denominations of $1,000,000 in initial Certificate Notional Amount, in each case,
in integral multiples of $1 in excess thereof and, in the case of the Class A-1, Class A-2, Class A-IO1, Class A-IO2, Class B-1,
Class B-2 and Class B-3 Certificates, will be registered in the name of the nominee of the Clearing Agency, which shall maintain
such Certificates through its book-entry facilities and, in the case of the Class B-4 and Class B-5 Certificates, will be maintained
in physical form. The Class R and Class LT-R Certificates will each be issued as a single Certificate representing the entire Percentage
Interest in that Class and will be maintained in physical form. The Certificates shall remain outstanding until the final Distribution
Date for the Certificates.


 






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On any date on which
the Aggregate Stated Principal Balance of the Mortgage Loans has declined to less than 10% of the initial Aggregate Stated Principal
Balance of the Mortgage Loans as of the Cut-off Date, subject to satisfaction of the conditions described in the Pooling and Servicing
Agreement, the Master Servicer may purchase all of the Mortgage Loans from the Trust Fund, thereby causing an early retirement
of the Certificates.


 


In no event will the
trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the death of the last survivor
of the descendants living at the date of the Pooling and Servicing Agreement of a certain person named in the Pooling and Servicing
Agreement.


 


The Depositor, the
Trustee, the Securities Administrator, the Master Servicer, the Certificate Registrar and any agent of any of them may treat the
Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Trustee,
the Securities Administrator, the Master Servicer, the Certificate Registrar or any such agent shall be affected by any notice
to the contrary.


 


As provided in the
Pooling and Servicing Agreement, this Certificate and the Pooling and Servicing Agreement shall be construed in accordance with
and governed by the laws of the State of New York without regard to the conflict of laws principles applied in the State of New
York. In the event of any conflict between the provisions of this Certificate and the Pooling and Servicing Agreement, the Pooling
and Servicing Agreement shall be controlling.


 






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ASSIGNMENT


 


FOR VALUE RECEIVED, the undersigned hereby sell(s) and assign(s)
and transfer(s) unto


	 
	 


(Please print or type name and address, including postal zip
code, of assignee and social security number or employer identification number)


	 


the within Certificate stating in the names of the undersigned
in the Certificate Register and does hereby irrevocably constitute and appoint


	 


to transfer such Certificate in such Certificate Register.


 


I [we] further direct the Certificate Registrar
to issue a new Certificate of the same Class of like principal to the above-named assignee and deliver such Certificate to the
following address:


	 
	 
	 	 
	Dated: _________________________	_______________________________
	 	Signature by or on behalf of Assignor
	 	 
	_______________________________	_______________________________
	Authorized Officer	Signature Guaranteed
	 	 
	_______________________________	_______________________________
	Name of Institution	NOTICE: The signature(s) of this assignment must correspond with the name(s) on the face of this Certificate without alteration or any change whatsoever.  The signature must be guaranteed by a participant in the Securities Transfer Agents Medallion Program, the New York Stock Exchange Medallion Signature Program or the Stock Exchanges Medallion Program.  Notarized or witnessed signatures are not acceptable as guaranteed signatures.


 






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DISTRIBUTION
INSTRUCTIONS


 


The assignee should
include the following for the information of the Certificate Registrar. Distributions shall be made by wire transfer in immediately
available funds to


 





 



 





for the account of _________________________________________________________________________________________________________________


 


account number _______________________
or, if mailed by check, to _______________________________________________________________________


 


 





 



 


Applicable reports and statements should
be mailed to ____________________________________________________________________________________


 


 





 






 


This information is
provided by _______________________________________________________________________________________________


 


the assignee named above, or ______________________________________
as its agent.