Lending Law/Effective Date
Category under Applicable Anti-Predatory Lending Law
Georgia (Oct. 1, 2002 - Mar. 6, 2003)
Georgia Fair Lending Act, Ga. Code Ann. §§ 7-6A-1 et seq.
Effective October 1, 2002 - March 6, 2003
Home Loan
E-6-4
New Jersey
New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et
seq.
Effective for loans closed on or after November 27, 2003
Home Loan
New Mexico
Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq.
Effective as of January 1, 2004; Revised as of February 26, 2004
Home Loan
North Carolina
Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E
et seq.
Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of
credit)
Consumer Home Loan
South Carolina
South Carolina High Cost and Consumer Home Loans Act, S.C. Code Ann. §§ 37-23-10
et seq.
Effective for loans taken on or after January 1, 2004
Consumer Home Loan
E-6-5
SCHEDULE A
REQUIRED RATINGS FOR EACH CLASS OF CERTIFICATES
Certificates
Certificates
S&P
Moodys
Class I-1A-1
AAA
Aaa
Class I-1A-2
AAA
Aaa
Class I-2A-1
AAA
Aaa
Class I-2A-2
AAA
Aaa
Class I-2A-3
AAA
Aaa
Class II-1A-1
AAA
Aaa
Class II-2A-1
AAA
Aaa
Class II-2A-2
AAA
Aaa
Class II-2A-3
AAA
Aaa
Class II-2A-4
AAA
Aaa
Class II-2X-1
AAA
Aaa
Class II-3A-1
AAA
Aaa
Class II-4A-1
AAA
Aaa
Class II-5A-1
AAA
Aaa
Class II-6A-1
AAA
Aaa
Class II-7A-1
AAA
Aaa
Class I-M-1
AA
Aa2
Class I-M-2
A
A2
Class I-B-1
BBB
Baa2
Class I-B-2
BBB-
Baa3
Class I-B-3
BB
Ba2
Class II-B-1
AA
Aa2
Class II-B-2
A
A2
Class II-B-3
BBB
Baa2
Class II-B-4
BB
NA
Class II-B-5
B
NA
The Class XP, Class B-IO, Class R, Class R-X and Class II-B-6 Certificates have
not been rated.
None of the above ratings has been lowered, qualified or withdrawn since the
dates of issuance of such ratings by the Rating Agencies.
E-6-6
SCHEDULE B
MORTGAGE LOAN SCHEDULE
(Provided upon request)
E-6-7
EXHIBIT L
FORM OF
SUBSEQUENT TRANSFER INSTRUMENT
Pursuant to this Subsequent Transfer Instrument, dated [____], 2005 (this
"Instrument"), between Structured Asset Mortgage Investments II Inc., as seller
(the "Seller"), and JPMorgan Chase Bank, National Association, as trustee of the
Bear Stearns ALT-A Trust, Mortgage Pass-Through Certificates, Series 2005-7, as
purchaser (the "Trustee"), and pursuant to the Pooling and Servicing Agreement,
dated as of July 1, 2005 (the "Pooling and Servicing Agreement"), among the
Seller, as the seller, Wells Fargo Bank, National Association, as master
servicer and securities administrator, EMC Mortgage Corporation and the Trustee,
as trustee, the Seller and the Trustee agree to the sale by the Seller and the
purchase by the Trustee in trust, on behalf of the Trust, of the Subsequent
Mortgage Loans listed on the Schedule of Mortgage Loans attached to this
Instrument as Exhibit 1 hereto (the "Subsequent Mortgage Loans").
Capitalized terms used but not otherwise defined herein shall have the meanings
set forth in the Pooling and Servicing Agreement.
Section 27.
Conveyance of