EXECUTION
 Exhibit 2.5
   AMENDED AND RESTATED ASSET PURCHASE AGREEMENT
 DATED AS OF JULY 31, 2008
 AMONG
 ROOSEVELT MANAGEMENT COMPANY LLC,
 NAVIGATOR MORTGAGE LOAN TRUST 2008,
 WELLS FARGO BANK, N.A.
 AND
 IRWIN UNION BANK AND TRUST COMPANY




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##### 



Table of Contents
 PageARTICLE I
    
    PURCHASE AND SALE OF THE ASSETS AND ASSUMPTION OF
THE ASSUMED LIABILITIES
    
    
    3Section 1.01.
    
    Purchase and Sale of Assets
    
    
    3Section 1.02.
    
    Assumption of Assumed Liabilities
    
    
    3Section 1.03.
    
    Purchase Price.
    
    
    4Section 1.04.
    
    Calculations of Purchase Price.
    
    
    5Section 1.05.
    
    As Is Where Is Transaction
    
    
    9Section 1.06.
    
    MERS Loans; Recording Fees
    
    
    9ARTICLE II
    
    CLOSING
    
    
    10Section 2.01.
    
    Closing Date
    
    
    10Section 2.02.
    
    Deliveries by Seller
    
    
    10Section 2.03.
    
    Deliveries by Roosevelt
    
    
    12Section 2.04.
    
    Escrow Account
    
    
    13ARTICLE III
    
    CONDITIONS PRECEDENT
    
    
    13Section 3.01.
    
    Conditions Precedent to Obligations of Seller
    
    
    13Section 3.02.
    
    Conditions Precedent to Obligations of Purchasers
    
    
    14ARTICLE IV
    
    REPRESENTATIONS AND WARRANTIES OF SELLER
    
    
    16Section 4.01.
    
    Organization; Power
    
    
    16Section 4.02.
    
    Authorization and Validity of Agreement
    
    
    16Section 4.03.
    
    No Conflict or Violation.
    
    
    17Section 4.04.
    
    The Loans and the Mortgage Notes.
    
    
    17Section 4.05.
    
    Licenses and Permits
    
    
    21Section 4.06.
    
    Compliance with Law
    
    
    21Section 4.07.
    
    Litigation
    
    
    21Section 4.08.
    
    Brokers and Finders Fees
    
    
    22Section 4.09.
    
    Disclaimer
    
    
    22ARTICLE V
    
    REPRESENTATIONS AND WARRANTIES OF THE TRUST, THE
INDENTURE TRUSTEE, AND THE SERIES ADMINISTRATOR AND OF ROOSEVELT
    
    
    22Section 5.01.
    
    Organization; Power
    
    
    22Section 5.02.
    
    Authorization and Validity of Agreement
    
    
    23Section 5.03.
    
    No Conflict or Violation
    
    
    23Section 5.04.
    
    Approvals and Consents
    
    
    23Section 5.05.
    
    Brokers  and Finders  Fees
    
    
    23Section 5.06.
    
    Sufficient Funds to Close
    
    
    23Section 5.07.
    
    Due Diligence Investigation
    
    
    23ARTICLE VI
    
    PRE-CLOSING COVENANTS
    
    
    24Section 6.01.
    
    Affirmative Covenants
    
    
    24Section 6.02.
    
    Negative Covenants
    
    
    24Section 6.03.
    
    Best Efforts; Further Assurances.
    
    
    25Section 6.04.
    
    Access; Cooperation
    
    
    26Section 6.05.
    
    Updates to Disclosure Schedules
    
    
    26Section 6.06.
    
    Notification of Certain Matters
    
    
    26Section 6.07.
    
    Additional Notices and Covenants
    
    
    27Section 6.08.
    
    Payments Received and Disbursements
Made Prior to Closing Date
    
    
    27Section 6.09.
    
    Notices and Servicing
    
    
    27
 
 -i-




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##### 



Table of Contents
 PageARTICLE VII
    
    INDEMNIFICATION; SURVIVAL
    
    
    27Section 7.01.
    
    Indemnification by Seller
    
    
    27Section 7.02.
    
    Indemnification by Roosevelt
    
    
    28Section 7.03.
    
    Indemnification Notice; Litigation Notice
    
    
    28Section 7.04.
    
    Defense of Third Person Claims
    
    
    28Section 7.05.
    
    Disagreement Notice
    
    
    29Section 7.06.
    
    Payment of Losses
    
    
    29Section 7.07.
    
    Survival; Limitations
    
    
    30Section 7.08.
    
    Cure Right
    
    
    31Section 7.09.
    
    Net Recovery
    
    
    31Section 7.10.
    
    Sole Remedy
    
    
    31Section 7.11.
    
    Tax Treatment of Indemnity Payments
    
    
    32Section 7.12.
    
    Credit Risk
    
    
    32ARTICLE VIII
    
    TERMINATION
    
    
    32Section 8.01.
    
    Events of Termination
    
    
    32Section 8.02.
    
    Effect of Termination
    
    
    33ARTICLE IX
    
    RESTRICTIVE COVENANTS
    
    
    33Section 9.01.
    
    Confidential Information
    
    
    33Section 9.02.
    
    Remedies
    
    
    35ARTICLE X
    
    OTHER AGREEMENTS
    
    
    35Section 10.01.
    
    Deposits and Reserves
    
    
    35Section 10.02.
    
    Cooperation on Tax Matters.
    
    
    36Section 10.03.
    
    Files and Records
    
    
    36Section 10.04.
    
    Collection by the Asset Purchaser of Sellers Corporate
 Advances and Miscellaneous Account Fees
    
    
    37Section 10.05.
    
    Purchase and Sale of Charged-Off
Loan Portfolio and REO Portfolio
    
    
    37Section 10.06.
    
    Draw Advances
    
    
    37ARTICLE XI
    
    DEFINITIONS
    
    
    38ARTICLE XII
    
    MISCELLANEOUS
    
    
    46Section 12.01.
    
    Public Announcements
    
    
    46Section 12.02.
    
    Costs and Expenses
    
    
    46Section 12.03.
    
    Addresses for Notices, Etc
    
    
    46Section 12.04.
    
    Headings
    
    
    48Section 12.05.
    
    Construction
    
    
    48Section 12.06.
    
    Severability
    
    
    49Section 12.07.
    
    Entire Agreement and Amendment
    
    
    49Section 12.08.
    
    No Waiver; Cumulative Remedies
    
    
    50Section 12.09.
    
    Parties in Interest
    
    
    50Section 12.10.
    
    Successors and Assigns; Assignment
    
    
    50Section 12.11.
    
    Governing Law; Dispute Resolution; Jurisdiction and Venue
    
    
    50Section 12.12.
    
    Waiver of Jury Trial
    
    
    51Section 12.13.
    
    Rescission Under the Residuals Purchase Agreement
    
    
    51Section 12.14.
    
    Counterparts
    
    
    52Section 12.15.
    
    Limitation of Liability of Owner Trustee
    
    
    52Section 12.16.
    
    Certain Understandings
    
    
    52
 -ii-




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##### 



Table of Contents
 PageEXHIBIT A  MORTGAGE ASSET SCHEDULE DATA FIELDSEXHIBIT B  FORM OF ASSIGNMENT AND ASSUMPTION AGREEMENTEXHIBIT C  FORM OF BILL OF SALE
 -iii-




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##### 



AMENDED AND RESTATED ASSET PURCHASE AGREEMENT
 Agreement Roosevelt Series Administrator Note Purchaser Trust Asset Purchaser Indenture Trustee Custodian Seller
 WITNESSETH :
 WHEREAS Original Agreement
 WHEREAS July 24 Agreement
 WHEREAS
 WHEREAS Trust
Agreement Owner Trustee
 WHEREAS Trust Notes Trust
Certificates Securities
 WHEREAS Master Indenture 2008-1 Indenture 2008-2 Indenture 2008-3 Indenture Indenture
 WHEREAS




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##### 



2008-1 Trust Supplement 2008-2 Trust Supplement 2008-3 Trust
Supplement Trust Supplement
 WHEREAS Administration and Servicing Agreement Servicer Securitization-Related
Agreements
 WHEREAS
 WHEREAS Business
 WHEREAS
 WHEREAS Note Purchase Agreement
 WHEREAS Article XI
 NOW, THEREFORE
 -2-




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##### 



AGREEMENT
 ARTICLE I  PURCHASE AND SALE OF THE ASSETS AND ASSUMPTION OF THE ASSUMED
LIABILITIES
 Section 1.01. Purchase and Sale of Assets . Section 1.02 Assets
     Section 1.02. Assumption of Assumed Liabilities . Assumed
Liabilities
    -3-




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##### 



Section 1.03. Purchase Price .
 Purchase Price
 Section 1.04 provided, however plus
 plus
 Advances Reimbursement Amount minus
  less Section 1.04(a) Section 1.04(a) Escrowed Amount Section 1.04
 -4-




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##### 



Residuals Purchase Agreement Section 7.06(d)(i) (iv)
 Section 1.04. Calculations of Purchase Price .
 Sellers Closing Statement Estimated
Trial Balances Section 1.04(c) Payment Status Unknown Loans Section 1.04(c)
  -5-




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##### 



Final Trial
Balances ARTICLE X
 Sellers Determination Section 1.04(a)
 -6-




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##### 



Section 1.04(h)
 Dispute Notice Section 12.11 Section 1.04
 Payment by the Note Purchaser Section 1.04 Section 1.03 Section 1.04
 -7-




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##### 



Payment by Seller Section 1.04 Section
1.03 Section 1.04
 Escrowed Amounts Document Recovery Period Section 3.02(a)
   -8-




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##### 



Section 1.04(h)
 Section 1.05. As Is Where Is Transaction .
 Section 1.06. MERS Loans; Recording Fees. MERS MERS Loan
  -9-




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##### 



ARTICLE II  CLOSING
 Section 2.01. Closing Date . Closing Section 3.01 Section 3.02 Closing
Date ARTICLE VIII Section 2.01 ARTICLE VIII
 Section 2.02. Deliveries by Seller . Section 3.01
     -10-




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##### 



Sections 3.02(b) 3.02(c)
   provided
that provided further Section 1.06
     2.02(b)
 -11-




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##### 



2.02(b)
  IHE
   Section 2.03. Deliveries by Roosevelt .
      -12-




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##### 



Section 2.04. Escrow Account. Escrow Account Escrow Agreement pro rata
 ARTICLE III  CONDITIONS PRECEDENT
 Section 3.01. Conditions Precedent to Obligations of Seller .
 Deliveries by Purchaser Section 2.03
 Representations and Warranties
 Performance of the Obligations
 -13-




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##### 



Legal Proceedings
 No Violation of Orders
 Required Approvals Section 4.03(b) Section
5.04
  Section 3.02. Conditions Precedent to Obligations of Purchasers .
 Deliveries by Seller Section 2.02 provided however Section 2.02(b)(i) (ii) (iii) (iv) 2.02(b)
 -14-




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##### 



Missing Material Loan Documents Document Defective Loan
 Representations and Warranties of Seller
 Performance of the Obligations of Seller
 Legal Proceedings
 No Violation of Orders
 -15-




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##### 



[Reserved.]
 Required Approvals Section 4.03(b) Section 5.04
 ARTICLE IV  REPRESENTATIONS AND WARRANTIES OF SELLER
 Section 6.05 Disclosure Schedules
 Section 4.01. Organization; Power . Section 4.01
 Section 4.02. Authorization and Validity of Agreement .
 -16-




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##### 



Section 4.03. No Conflict or Violation .
  Section 4.03(b) Section 4.03(b)
 Section 4.04. The Loans and the Mortgage Notes .
 Exhibit A
 Section 4.04
  -17-




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##### 



Section 4.04
 -18-




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##### 



Section 4.04
        -19-




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##### 



LTV
 -20-




---



##### 



Section 4.05. Licenses and Permits .
 Section 4.06. Compliance with Law . Section
4.06
 Section 4.07. Litigation . Section 4.07
 -21-




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##### 



Section 4.07
 Section 4.08. Brokers and Finders Fees . Section
4.08 Section 4.08
 Section 4.09. Disclaimer . ARTICLE
IV The Asset Purchaser and the Note Purchaser hereby acknowledges and agrees to
such disclaimer and that, except as specifically set forth in this ARTICLE IV , the Asset
Purchaser is purchasing the Assets on an  as is, where is  basis. It is understood and
agreed by the parties hereto that, except as contemplated in ARTICLE I, (i) the Asset
Purchaser is assuming the risk of deterioration subsequent to the date hereof in the credit quality
of the Loans and the condition (financial or otherwise) of the Mortgagors thereunder, and (ii) for
so long as Roosevelt is a Noteholder, that, indirectly as a Noteholder, it is also assuming the
risk of deterioration subsequent to the purchase by it of the Trust Notes in the credit quality of
the underlying Loans and the condition (financial or otherwise) of the Mortgagors thereunder.
Accordingly, the Asset Purchaser, and the Note Purchaser as a Noteholder, each agree with the
Seller that, in the event of any claim for indemnification pursuant to Section 7.01(a) ,
Seller shall be responsible (subject to the terms of ARTICLE VII ) only for the portion of
any such Indemnity Loss attributable solely to a breach by Seller of any representation or warranty
without regard to any such deterioration in credit quality or the condition (financial or
otherwise) of any Mortgagor. Neither the Asset Purchaser nor the Note Purchaser (as a Noteholder)
shall have any recourse whatsoever to Seller with respect to the performance of any Loan conveyed
under this Agreement.
 ARTICLE V  REPRESENTATIONS AND WARRANTIES OF THE TRUST, THE INDENTURE
TRUSTEE, AND THE SERIES ADMINISTRATOR AND OF ROOSEVELT
   Section 5.01. Organization; Power .
 -22-




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##### 



Section 5.02. Authorization and Validity of Agreement .
 Section 5.03. No Conflict or Violation .
 Section 5.04. Approvals and Consents . Section 5.04
 Section 5.05. Brokers and Finders Fees .
 Section 5.06. Sufficient Funds to Close .
 Section 5.07. Due Diligence Investigation .
 -23-




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##### 



Section 5.07 Section 5.07 Section 4.04 Section 4.04 Section 4.04 Section 5.07 Section
4.04
 ARTICLE VI  PRE-CLOSING COVENANTS
  Section 6.01. Affirmative Covenants .
   Section 6.02. Negative Covenants . Section 6.02
  -24-




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##### 



Section 6.03. Best Efforts; Further Assurances
  Section 10.04
 -25-




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##### 



Section 6.04. Access; Cooperation . Purchaser Group provided however
 Section 6.05. Updates to Disclosure Schedules ARTICLE
IV Disclosure Schedule Updates ARTICLE
VII
 Section 6.06. Notification of Certain Matters .
      -26-




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##### 



Section 4.07
 provided however Section 6.06
 Section 6.07. Additional Notices and Covenants .
 Section 6.08. Payments Received and Disbursements Made Prior to Closing Date.
 Section 6.09. Notices and Servicing.
  ARTICLE VII  INDEMNIFICATION; SURVIVAL
 Section 7.01. Indemnification by Seller . ARTICLE VII Purchaser Indemnified Parties
    -27-




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##### 



Section 7.02. Indemnification by Roosevelt . ARTICLE VII
    Section 7.03. Indemnification Notice; Litigation Notice . Section 7.08, Section
7.01 7.02 Claimant Indemnifying Party Indemnification Notice Section 7.08 ARTICLE VII Litigation
Notice ARTICLE VII
 Section 7.04. Defense of Third Person Claims . Election Notice provided however
 -28-




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##### 



provided however ARTICLE VII provided however ARTICLE VII
 Section 7.05. Disagreement Notice . Disagreement Notice
 Section 7.06. Payment of Losses .
 -29-




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##### 



ARTICLE VII ARTICLE VII Section 7.01
 Section 7.07. Survival; Limitations . Section 7.01(a) Section 7.02(a) provided,
however Section 7.01(a) Section
7.02(a) and provided further Section 4.01 Section 4.02 Section
4.08 Section 5.01 Section 5.02
 ARTICLE VII Section 7.01(a) Section
4.01 Section 4.02 Section 4.08 Section 4.04 Deemed
Purchase Prices Section 1.04(c)
 -30-




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##### 



ARTICLE VII Section 7.02(a) Section
5.01 Section 5.02 Section 5.05 Section 1.04
 ARTICLE IV Section 7.01(c) Section 7.01(a) Section 7.01(c)
 Section 7.08. Cure Right . Section 7.01(a) (b) ARTICLE VII Section 7.08
 Section 7.09. Net Recovery . Section 7.01 ARTICLE VII; provided
 Section 7.10. Sole Remedy . ARTICLE VII
 -31-




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##### 



Section
9.01 provided , however ARTICLE IV
 Section 7.11. Tax Treatment of Indemnity Payments .
 Section 7.12. Credit Risk. Section
7.01(a) ARTICLE VII
 ARTICLE VIII  TERMINATION
 Section 8.01. Events of Termination .
 ARTICLE V
 -32-




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##### 



ARTICLE IV
 Section
8.01(c)
     Section 8.02. Effect of Termination . Section 8.01 provided however provided further Section
8.02 Section 9.01 Section 12.01 Section 12.02, Section 12.07 Section 12.10 Section 12.11 Section 12.12
 ARTICLE IX  RESTRICTIVE COVENANTS
 Section 9.01. Confidential Information .
 -33-




---



##### 



Confidential Information provided Section 9.01 Section
8.01 Section
9.01 et seq Privacy Laws
 Seller Group
 -34-




---



##### 



provided however provided
 Section 9.02. Remedies . Section 9.01
 Injunctive Relief Section 9.01 Section 9.01
 Costs, Expenses and Attorneys Fees Section 9.01 Section 9.01
 ARTICLE X  OTHER AGREEMENTS
 Section 10.01. Deposits and Reserves
 -35-




---



##### 



Section 10.02. Cooperation on Tax Matters .
  Section 10.02(a) Section 10.02
 Section 10.03. Files and Records .
 -36-




---



##### 



Section 10.04. Collection by the Asset Purchaser of Sellers Corporate Advances
and Miscellaneous Account Fees. Section 1.04 provided however
 Section 10.05. Purchase and Sale of Charged-Off Loan Portfolio and REO
Portfolio.
 Section 10.06. Draw Advances.
 -37-




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##### 



ARTICLE XI  DEFINITIONS
  Accrued Interest
 Adjustment Period
 Administration and Servicing Agreement
 Affiliate
 Appraised Value
 Asset Purchaser
 Asset Schedule Exhibit A
 Assets
 Assignment and Assumption Agreement Exhibit B
 Assignment of Mortgage
 Assumed Liabilities
 best efforts
 -38-




---



##### 



Bill of Sale Exhibit C
 Business
 Business Day
 Claimant Section 7.03
 Closing Section 2.01
 Closing Date Section 2.01
 Code
 Collateral
 Confidential Information Section 9.01
 Contracts
 Corporate Advances
 Current Loan
 Custodian
 -39-




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##### 



Cut-off Date
 Disagreement Notice Section 7.05
 Disclosure Schedules ARTICLE IV
 Document Defective Loan Section 3.02(a)
 Document Recovery Period Section
1.04(h)
 Draw Advances
 Election Notice Section 7.04
 Encumbrance
 Escrow Account Section 2.04
 Escrow Agreement Section 2.04
 Escrowed Amount Section 1.03
 Estimated Accrued Interest
 Estimated Corporate Advances
 Estimated Stated Principal Balance
 Excluded Loan provided however
 Files and Records
 -40-




---



##### 



GAAP
 Governing Documents
 Governmental Entity
 HELOC
 HOEPA Loan
 Holdback Amount
 IHE
 Indemnifying Party Section 7.03
 Indemnification Notice Section 7.03
 Indemnity Litigation Expenses
 Indemnity Loss
 -41-




---



##### 



to the Knowledge of Known to
 July 24 Agreement
 Law
 Letter of Intent
 Liability
 Licenses and Permits
 Litigation Notice Section 7.03
 Loan Documents
 Loans provided
 LTV
 -42-




---



##### 



MERS Section 1.06
 MERS Loan Section 1.06
 Missing Material Loan Documents Section
3.02(a)
 Mortgage
 Mortgage Notes
 Mortgaged Property
 Mortgagor
 Note Purchaser
 Noteholders
 Ordinary Course of Business
 Payment Status Unknown Loan
 Permitted Encumbrance Section 11.01
 Person
 Personnel
 -43-




---



##### 



Platform Assets
 Platform Purchase Agreement Section 10.06
 Portfolio
 Proceeding
 Purchase Price Section 1.03
 Purchaser
 Purchaser Group Section 6.04
 Purchaser Indemnified Parties Section
7.01
 Related Agreements
 Residuals Purchase Agreement Section
1.03
 RFC
 RFC Agreement
 RFC Assets
 Roosevelt
 Seasoned Loans
 Securitization-Related Agreements
 -44-




---



##### 



Security Documents
 Securityholders
 Seller
 Servicer
 Servicing Rights Section 10.04 Section 10.04
 Stated Principal Balance
 Tax Taxes ad valorem
 Tax Return
 -45-




---



##### 



Title Insurance Policy
 ARTICLE XII  MISCELLANEOUS
 Section 12.01. Public Announcements .
 Section 12.02. Costs and Expenses .
 Section 12.03. Addresses for Notices, Etc . Section 12.03 provided Section 12.03
 -46-




---



##### 



If to Seller:
    
    Irwin Union Bank and Trust Company 
Irwin Home Equity Corporation 
c/o Irwin Financial Corporation 
500 Washington Street  Box 929
Columbus, Indiana 47202-0929
Attention: Greg Ehlinger 
Facsimile: (812) 379-8608
E-mail: greg.ehlinger@irwinfinancial.comWith a copy to (which copy
shall not constitute notice
hereunder):
    
    Ice Miller LLP 
One American Square, Suite 3100Indianapolis, Indiana 46282
Attention: Steven K. Humke 
Facsimile: (317) 592-4675
E-mail: steven.humke@icemiller.com 
Attention: Janice Wilken 
Facsimile: (317) 592-4840
E-mail: janice.wilken@icemiller.comIf to the Note Purchaser or the
Series Administrator:
    
    Roosevelt Management Company LLC 
1540 Broadway, Suite 1606
New York, New York 10036
Attention: Jeff Toll 
Facsimile: (212) 938-4801
E-mail: jtoll@rooseveltmc.comWith a copy to (which copy
shall not constitute notice
hereunder):
    
    Roosevelt Management Company LLC 
1540 Broadway, Suite 1606
New York, New York 10036
Attention: General Counsel 
Facsimile: (212) 938-4801
Roosevelt Management Company LLCWith an additional copy to
(which copy shall not
constitute notice hereunder):
    
    McKee Nelson LLP LLC 
1919 M Street NW, Suite 200
Washington, DC 20036
Attention: Edward Gainor 
Facsimile: (202) 775-4137
E-mail: egainor@mckeenelson.com 
Attention: Darius Kingsley 
Facsimile: (202) 775-4129
E-mail: dkingsley@mckeenelson.com
 -47-




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##### 



If to the Owner Trustee on
behalf of the Trust:
    
    Wells Fargo Delaware Trust Company 
919 N. Market Street, Suite 1600
Wilmington, Delaware 19801
Attention: Corporate Trust AdministrationIf to the Indenture Trustee:
    
    Wells Fargo Bank, N.A. 
9062 Old Annapolis Road 
Columbia, Maryland 21045
Attention: NMLT 2008 Client Manager
 Section 12.03
 Section 12.04. Headings .
 Section 12.05. Construction .
      -48-




---



##### 



Section 12.06. Severability .
 Section 12.07. Entire Agreement and Amendment .
 -49-




---



##### 



Section 12.08. No Waiver; Cumulative Remedies .
 Section 12.09. Parties in Interest .
 Section 12.10. Successors and Assigns; Assignment .
 Section 12.11. Governing Law; Dispute Resolution; Jurisdiction and Venue .
 Applicable Law
  -50-




---



##### 



Section 12.12. Waiver of Jury Trial .
 Section 12.13. Rescission Under the Residuals Purchase Agreement . Section 7.06(d)(ii) Section 7.06(d)(iii) Section 7.06(d)(iv) Section 7.06(d)(ii)) Section 7.06(d)(iii) Section 7.06(d)(iv) Section
 -51-




---



##### 



12.13 Article IX Section 12.01 Section 12.02 Section 6.09 Section 12.13
 Section 12.14. Counterparts .
 Section 12.15. Limitation of Liability of Owner Trustee .
 Section 12.16. Certain Understandings .
 [SIGNATURE PAGE FOLLOWS]
 -52-




---



##### 



IN WITNESS WHEREOF
 ASSET PURCHASERNAVIGATOR MORTGAGE LOAN TRUST 2008By:
    WELLS FARGO DELAWARE TRUST COMPANY, not
in its individual capacity but solely as
Owner Trustee of the TrustBy:
    /s/ Tracy M. McLambPrinted: Tracy M. McLambTitle:
    Vice President ROOSEVELT, SERIES ADMINISTRATOR AND NOTE
PURCHASER
ROOSEVELT MANAGEMENT COMPANY LLCBy:
    /s/ Jeffrey TollPrinted: Jeffry TollTitle:
    CEO SELLERIRWIN UNION BANK AND TRUST COMPANYBy:
    /s/ Matt SouzaPrinted: Matt SouzaTitle:
    VP CAO Secretary




---



##### 



INDENTURE TRUSTEEWELLS FARGO BANK, N.A., not in its individual
capacity, but solely as Indenture TrusteeBy:
    /s/ Carla S. WalkerPrinted: Carla S. WalkerTitle:
    Vice President CUSTODIANWELLS FARGO BANK, N.A., not in its individual
capacity, but solely as CustodianBy:
    /s/ Leigh TaylorPrinted: Leigh TaylorTitle:
    Vice President




---



##### 



EXHIBIT A
 MORTGAGE ASSET SCHEDULE DATA FIELDS
                          A-1




---



##### 



EXHIBIT B
 [FORM OF ASSIGNMENT AND ASSUMPTION AGREEMENT]
 THIS ASSIGNMENT AND ASSUMPTION AGREEMENT Agreement  Effective Date Assignor Assignee
 WITNESSETH:
 WHEREAS Purchase Agreement
 WHEREAS,
 WHEREAS
 NOW, THEREFORE,
 ARTICLE I  AGREEMENT
 Section 1.01. Assignment .
 Section 1.02. Acceptance .
 Section 1.03. Governing Agreement .
 B-1




---



##### 



Section 1.04. Successors and Assigns
 Section 1.05. Interpretation
 Section 1.06. Execution in Counterparts
 Section 1.07. Governing Law
 [SIGNATURE PAGE FOLLOWS]
 B-2




---



##### 



IN WITNESS WHEREOF
 ASSIGNOR
IRWIN UNION BANK AND TRUST COMPANYBy:Printed:Title: ASSIGNEE
NAVIGATOR MORTGAGE LOAN TRUST 2008By:
    WELLS FARGO DELAWARE TRUST COMPANY, not in its
individual capacity but solely as Owner Trustee
of Navigator Mortgage Loan Trust 2008By:Printed:Title: [FORM OF ASSIGNMENT AND ASSUMPTION AGREEMENT]
 B-3




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##### 



EXHIBIT C
 [FORM OF BILL OF SALE]
 THIS BILL OF SALE  Effective Date Purchaser Seller
 WITNESSETH:
 WHEREAS Purchase Agreement
 WHEREAS
 NOW THEREFORE
 ARTICLE I  AGREEMENT
 Section 1.01. Sale
 Section 1.02. Governing Agreement
 Section 1.03. Successors and Assigns
 C-1




---



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Section 1.04. Interpretation
 Section 1.05. Execution in Counterparts
 Section 1.06. Governing Law
 [SIGNATURE PAGE FOLLOWS]
 C-2




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IN WITNESS WHEREOF
 SELLER
IRWIN UNION BANK AND TRUST COMPANYBy:Printed:Title: Accepted and Agreed:PURCHASERNAVIGATOR MORTGAGE LOAN TRUST 2008By:
    WELLS FARGO DELAWARE TRUST COMPANY, not
in its individual capacity but solely as Owner
Trustee of Navigator Mortgage Loan Trust 2008By:Printed:Title: [Form of Bill of Sale]
 C-3